Bitcoin explosion and ALT coins thread

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rj144 said:
Ok, but that's even more crazy. You'd put $1k in a currency that, at the time, was hard to liquidate or to use for transactions??? Nevermind, the currency might have dissolved in the short term
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yeesh, you sound like my ex mother in law.
 
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Bitcoin is cool and I respect you OGs, but get on the right train fellas
 
By the way to those who say they should put $1k in Bitcoin when it was 10 cents, there are a lot of cryptos that are less than 10 cents now. Put $1k in one of those.
 
rj144 said:
Ok, but that's even more crazy. You'd put $1k in a currency that, at the time, was hard to liquidate or to use for transactions??? Nevermind, the currency might have dissolved in the short term
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But seriously, at the time, everyone was about local alternative currencies which meant there was no scalability and what would be needed was a standard alternative currency to be the middle man between all the local currencies. I understood that, at the time, and I saw bitcoin as the only alternative currency that could function in that way.

So, if I wanted to invest into an alternative currency, which I did, then Bitcoin was, by design, the best option because it could function in the way I described.
 
rj144 said:
By the way to those who say they should put $1k in Bitcoin when it was 10 cents, there are a lot of cryptos that are less than 10 cents now. Put $1k in one of those.
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I do each month. something in the penny cryptos
 
rj144 said:
By the way to those who say they should put $1k in Bitcoin when it was 10 cents, there are a lot of cryptos that are less than 10 cents now. Put $1k in one of those.
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maybe, but I don't understand cryptos enough to see what I saw then. I never fully understood cryptos. What I understood is how bitcoin had the ability as an alternative currency to function better than all of it's peers at the time.
That was clear.
 
rj144 said:
Come on though. Unless you're already a millionaire no one was going to piss away $1k like that. At that time, the chance of it becoming worthless was extremely high. I don't think even Nakamoto knew what it would do.

I'm not sure I believe you would do that.
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ok, let me put it this way.

I think you are approaching it from a 'what can I get' for my resource investment sort of mindset.

I was approaching it from a 'how do I invest in creating a world I want to live in' mindset.

What excited me was feeling a sense of community as a 'cocreator' for my resource investment towards building a world I wanted to live in.

The lesson for me is to not get too distracted by people with the sort of mindest you are approaching this from as I have a history of having my creativity stifled by that external voice when I internalize it and it becomes an undermining force in my own psyche.
 
Randlewand said:
rj144 - what do you think about Ethereum?
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Bitcoin and Ethererum are the two winners. Investing in other alt coins should only be done to improve your positions in BTC and ETH. The only project I see rivaling Ethererum in the long run is Polkadot
 
Randlewand said:
rj144 - what do you think about Ethereum?
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Not an expert in these things. I think blockchain and crypto has a concrete place in the future. Most cryptos will die though before thouhj. I have no idea what will survive. But, Ethereum and Bitcoin have a lot of momentum at this point.
 
C-H-L said:
I do each month. something in the penny cryptos
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I did that a few years ago. Like $100... lost just about all of it. Those penny cryptos are the equivalent of a lottery ticket. Most of them you won't get anything, but you might get lucky.
 
rj144 said:
Not an expert in these things. I think blockchain and crypto has a concrete place in the future. Most cryptos will die though before thouhj. I have no idea what will survive. But, Ethereum and Bitcoin have a lot of momentum at this point.
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You're correct, most cryptocurrencies will go to zero.
 
What do you guys think about the trusts: GBTC, ETHER, LTCN

ETFs: BLOK

Companies: MARA, RIOT

One I haven't invested in is BTBT. I'm kicking myself over that
 
Hog-train said:
Yes they could do that, but they won't. Why?

Because Bitcoin is decentralized and run by independent miners all around the world. Any person can start mining in their basement. The US may ban it, but then they would just fall behind every other country that embraced it.

A US ban would not stop all the other people around the world. Secondly, a US-based person can just easily use a VPN or proxy to take part in it.
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It's not a matter of trying to block to the block chain distributed ledger system. If gov'ts felt they were losing control of the money supply they could do several things:

- make their own block chain currancy
- remove bitcoin, etherium, ... and others from traded exchanges.
- make illegal payments in bitcoin (and others).


They can't destroy the tech but never put it past those in power to lash out when they feel they are losing control.
 
rj144 said:
By the way to those who say they should put $1k in Bitcoin when it was 10 cents, there are a lot of cryptos that are less than 10 cents now. Put $1k in one of those.
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Dodgecoin was trending hours ago.



Imagine putting in $1000 into dogecoin now, and it eventually hits $1.

giphy.gif
 
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