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I’m saying there are many people who avoided investing last year because they thought a Corona-induced crash was coming any second for the entire year.

This is, I will say, exactly what people were saying a year ago, and the drop never happened, and I’ve seen many folks lamenting the huge money they missed out on by staying in cash. Does it make sense things will fall? Sure. Things don’t always make sense though. I’m not gonna miss out on a...

I was just joking because I totally dumped my SPACs for crypto.

Fuckin’ can’t believe people leaving SPACs for crypto. 😬

Not that I know much about this shit, but from my terse understanding, difficulty goes up when things get hot = less blocks solved per person, less money. But I could be talking out my ass. ETH is chugging today independent of BTC being a lil stagnant!

Oh wow! What a difference. I noticed in the last week the money from mining for me has went down a lot. I was making about $6 a day which has went down to like 4-4.25. Maybe way more people mining now because of the surge in price? Or just me for some reason.

Bitcoin $64,000, it almost seems pointless to mention as it may well be 68-70 by this time tomorrow. 😜 Edit: it’s already flying through $64s in seconds.

ETH not stopping !

You’re good with ERC20. I just did some a bit ago. If nothing else just do a little test run with a small amount so you can see you’re doing right, that’s what I did the first time.

Good perspective! I’m with you. I’m new to crypto but I’ve been watching Bitcoin weekly for a year or so. I’ve seen the periods where it would go up to, say, 30,000, then back down to 20-25, then back to 30, and so on (insert correct numbers here.) But like you said these patterns only last so...

I’m personally all in on Ethereum (90 percent) and 10 percent VET. I was just curious if it was even worth it to try and swing trade. Probably not worth cashing out and rebuying until it looks like this bull market is over eh.

Every SPAC has redemption of shares available. This is in no way unusual or underhanded.

Yeah, I’m trying to game this as well.

Got it. 🤔 my taxes suck already. I really should get some consulting.

It’s just your redemption rights like all SPACs have. This is why people say SPACs have a de facto floor of NAV. Supposing those two stocks were UNDER $10 a share, you would still have the right to redeem them for $10 a share plus interest.

Looks like I picked the right time to invest in Ethereum and VET. Thank you all for pushing them so hard, I wouldn’t have otherwise. Now the question is paying attention to the valleys and peaks and knowing how to play them to sell / out buy back in. How do you guys measure this against both...

Holy fucking Binance coin. I thought it was too late to get in at $400.

Yeah. It seems like a lot of the pundits are describing a big run up then a massive sell off, but later in the year. I’d love to be able to run up some big numbers then buy back in lower.

Interesting. Maybe for some other countries it doesn’t work that way perhaps. Or why else would some people mention when they want to get out exchanging to stablecoin vs just cash? Is there any advantage to that?

That’s good to know!

So the idea being the stablecoin is $1. Since you exchange, say, $45,000 in ETH for $45,000 in a $1 stablecoin, the rise in ETH from when you bought the ETH originally at that moment gets taxed?

Regarding capital gains, newbie question. Obviously if you buy coin X for ten dollars a coin, then sell it for 20 dollars a coin, you pay taxes. However I’ve seen people mentioning if you want to go into cash to, say, sell at the peak of a cycle, you instead exchange for a stablecoin like DAI...

Fuck, I knew I should have bought way more vet last week.

Funny enough I thought of that when I took the CZ out yesterday. The light is still bright but that’s definitely a year plus old battery.

ETH tonight! $$$ Also traded some rando shit coins for a grand total in vet.

Binance does. That's where I bought mine.

Wah wah. https://www.bloomberg.com/news/articles/2021-04-09/hedge-fund-melvin-capital-posts-first-quarter-decline-of-49

Dayum! Nice RICE. I sold all my CPUH which means of course it went up this week.

Ha. I bought $500 of VET at 10 odd cents, wondering if I should have bought more.

Yep, use ACH. It’s free.

You're not entirely wrong, it's something to consider, but I'm not that worried. Personally, if someone can actually make it into my gated neighborhood (through walls and two separate guarded gates at that,) Paul Kruger and myself will be waiting. I'm that guy with a gun inside the couch in...

No big secret really! I have a base salary of $140k a year. Not married, never had kids. I’ve owned a couple of BMWs, a Corvette for example, but now I drive a Civic. I could get a much more expensive car but I choose to avoid payments, expensive tires, etc. At some point I started to view money...

Alright, I’ve got some coin now. Maybe I’ll buy another $20k worth in the coming month or something, we’ll see how it goes. If ETH does what a lot of people here and elsewhere says it will this year this is a healthy start I guess. Would have been nice I had I got a cost average at 1800 or less...

They’ve let you buy crypto for some time. Problem is it’s not exactly the best way to buy it. You don’t actually have a wallet for it so you have no real control over it. Robinhood owns the coins, you just have a representation of it. Also, fuck Robinhood in general. That said if you want to...

Well sure, I get it’s a real thing, but it’s these people calling any downturn everywhere on every stock manipulation.

Mine showed up for what it’s worth but it’s just silly. All it does is show what you have in Coinbase.

Nope. Only thing you can do is link your Coinbase account and view what you have in Coinbase. I’m not even sure why it’s a thing, other than perhaps some day there will be more interaction between the two.

“Teh manipulation!” Even social media for crypto is full of this now. Bitcoin goes down, “this is being manipulated!” The good thing is people are calling out the idiots on it and piling on with comments or downvotes. Fucking GME / AMC cult is to blame for all of these retards.

Oh THAT explains why the guy I know doesn’t like him. He’s a bit of a lib.

I got in at like $18 and sold for $28 back in December or whenever it ran up a ton. Never bought it again after that, but yeah, it’ll definitely go places over time.