Bitcoin explosion and ALT coins thread

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Ugh...wanted to buy at 8K but decided against it.

I still think it's not for me, I'm just too prone to gambling and whatever happens it will probably just make me miserable.
 
kenetics said:
As some of you know, I've been in crypto for a long time. Bitcoin has broken old highs and is almost at 28k.

Institutional money is pouring in from all directions and I believe it's going to continue to rise.

Now I'm at a crossroads to sell some of my crypto because doing so I could pay off my house.. I'm having a hard time selling any of my Bitcoin because all the years I held it.

I tried to tell my family to invest yrs ago but they didn't listen. Now I'm getting calls from everyone I told lol.

It would be cool to have my house paid off though. My house is valued at $340,000
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Can you give me a rundown of the XRP situation?

I bought a fairly large amount back in 2015 and just forgot about it.
 
forum poster said:
Can you give me a rundown of the XRP situation?

I bought a fairly large amount back in 2015 and just forgot about it.
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Ripple (xrp) Labs Inc. and its top executives were accused by the U.S. Securities and Exchange Commission of misleading investors in XRP, the world's third-largest cryptocurrency, by selling more than $1 billion of the virtual tokens without registering with the agency.

I still think xrp will be fine. They'll probably settle with the sec.
 
kenetics said:
Ripple (xrp) Labs Inc. and its top executives were accused by the U.S. Securities and Exchange Commission of misleading investors in XRP, the world's third-largest cryptocurrency, by selling more than $1 billion of the virtual tokens without registering with the agency.

I still think xrp will be fine. They'll probably settle with the sec.
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I sure hope so. I bought XRP when it was about $0.50
I have a lot in Cardano ADA as well that I forgot about.
I just threw a lot of spare cash I had at the time into it. I kind of forgot about it until recently. Hopefully, at around 2030/2040 it pays off.
 
forum poster said:
I sure hope so. I bought XRP when it was about $0.50
I have a lot in Cardano ADA as well that I forgot about.
I just threw a lot of spare cash I had at the time into it. I kind of forgot about it until recently. Hopefully, at around 2030/2040 it pays off.
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Ya, I think it will eventually go up. It's so cheap right now, you can probably makes some crazy money in the next 5 yrs .
 
kenetics said:
Mining is difficult and expensive if you don't have the right set up.
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It is NOW, however at the beginning when no one knew wtf a bit coin even was it wasn’t

couple buddies threw some old computers they weren’t. Using to work. And wanted me to put some. Of my old ones. In. Too.

Didn’t think. It. Was worth the trouble. Never. Heard of. It back then.

they both retired millionaires now..
 
First I heard of bitcoin was when the silk road was shut down and I think it was at $110 a piece.
The fact that it couldn't be traced then definitely helped its value.
Well done @kenetics

Looking at the five year chart it seems to boom towards the end of every year, then corrects early in the next so maybe if it drops again I'll pick some up
 
kenetics said:
Ya, I think it will eventually go up. It's so cheap right now, you can probably makes some crazy money in the next 5 yrs .
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One thing that kind of bothers me is that I probably bought about 20 Bitcoins when it was around $500. I spent it all at a certain online market, unfortunately.
 
i was up at 330 am sunday morning as i was going duck hunting

i saw on Robinhood app when bitcoin hit 28300.

fast forward to this morning, i am checking the app and go back 1 week and it shows the highest it went was 27100 something

i started to second guess myself since it was around 5 am that i thought i saw it hit over 28

so i checked my coinbase app and sure enough, at 5am it says 28300

why the difference?
 
C-H-L said:
i was up at 330 am sunday morning as i was going duck hunting

i saw on Robinhood app when bitcoin hit 28300.

fast forward to this morning, i am checking the app and go back 1 week and it shows the highest it went was 27100 something

i started to second guess myself since it was around 5 am that i thought i saw it hit over 28

so i checked my coinbase app and sure enough, at 5am it says 28300

why the difference?
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At those levels you will see it shoot up in minutes and go down just as quick. So you could of easily saw a price go up and down in mer minutes.

I've seen huge drops any gain in minutes. Usually coin base and Robinhood are usually pretty accurate.
 
I wonder how many people have suicided over bitcoin what-ifs.

I know a guy who made a lot of money years ago when the buy-in was cheap. I had no money so couldn't invest. Still should have tried to put whatever I could though. Should have borrowed money from relatives to invest lol... fml.
 
kenetics said:
Because the institutional money are flooding in. There only a finite of Bitcoin ever going to be mined.
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But it doesnt matter how much supply there is if there is not demand. If the whole world would switch to using this currency it might matter that its limited but that wont happen. It's not something that anyone needs to have. Even if you think its safer than holding 1 us dollar there is no reason it should cost more than 1 dollar.
 
Hungry Joe said:
But it doesnt matter how much supply there is if there is not demand. If the whole world would switch to using this currency it might matter that its limited but that wont happen. It's not something that anyone needs to have. Even if you think its safer than holding 1 us dollar there is no reason it should cost more than 1 dollar.
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It's not just a currency. It has other value in its block chain.

The richest hedge funds that been trading assets for years are accumulating . These are the smartest traders in the world
 
xrp in trouble? dang... that was gunna be my ticket to early retirement...
 
kenetics said:
I think they'll settle and be ok. They made so much money they can afford the fine.
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Phew! I thought about dumping to make a profit then re buying when it bottoms out but as one of my mentors says, I'll "stay the course"! It did go up to over seventy cents...

What's this "flare" or "spark" thing about, as it relates to xrp? Do you have any insight?
 
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