Cryptocurrency

[gabe]

Same here. I'm up to 1/3 a coin and just keep going in $50-100 a time whenever there's a little extra in my brokerage. So far it's my second best performing asset behind Tesla. But yeah, I have concerns about it falling by the wayside. If the ETF market moves away from ETH then it's going to have a hard time.

[RAZRBAKK]

I am also investing in ETH, but I have concerns about it long term. If they can't switch to proof of stake fast enough there is the possibility something will surpass it.

My goal is to own one entite ETH coin, and then I'll decide if I want to keep going.

[gabe]

I like to think Bitcoin and Etherium are the "index" or name brand cryptos and thus have staying power. On the technical side I see Cardano and Solana having more advanced blockchain and with this latest update with ETH and the insane gas fees it has me a little concerned.

Either way I'm buying more ETH at $4k. Buy every. single. dip.

[RAZRBAKK]

Been a moment since anyone posted here.

Bitcoin to me is a proof of concept. These days I'm putting my money into Cardano and Solana. Cardano because of scalability, and Solana because IMO it is likely to replace Ethereum for NFT transactions. The transactions persecond on both are NUTS.

I think NFTs are stupid, but there is no denying their popularity. I figure it's good to get in early on the preferred currency for them.

Also if you genuinely want to make anonymous transactions, you need Monero.

[sniper97]

buy low, sell high.

The problem becomes there's no rhyme to reason behind price fluctuations. Right now it's sky high again. It can it will rash again at at moment.

Just need Musk to make a comment

[gabe]

The misconception that's hitting home is last year's reality of 20%-100% gains in a month or less. Crazy times. Now people think a "long term hold" is 3 months. Gotta be in this game for the long term.

Crypto is the inflation hedge

[Rusty Brass]

That's the only one I have any real money in and I'm still a believer in it long term. Letting it ride.

[gabe]

Yeah, I'm averaging down. I feel like Etherium is the place to be since it has a pretty good framework and is one of the index cryptos. Cost basis at $2200 and still averaging down. But yeah, it was more fun when it was $3800. Also more dangerous to buy at that price as well.

[punkncat]

I have mixed feeling about it, honestly. The amount of money that I have in it is less than a really good entertaining weekend, so isn't going to hurt one way or the other. Bitcoin has fallen a good way and all I can see for the near future is more falling. What I am honestly hoping is that we will see a chink in the armor of Ethereum such that graphics cards fall back to something like MSRP. I would expect that if this falls much further we are going to see a market absolutely saturated with ex-mining cards.

Even if it does fall, I will probably grab a bit up when it hits REALLY low and just take a wait and see. I feel FAR worse for a buddy of mine whom was, on paper, a millionaire on coin for just a moment. Told his ass to cash out....

[Rusty Brass]

This is much less fun than a couple of months ago. All I wanted was to make a couple million bucks out of nothing, was that really too much to ask?

[gabe]

I was told crypto only goes up. That was a damn lie.

[Nish]

Isn't the whole point of block chain that there are digital records of every transaction that never goes away and it's 100% trackable.

[Rainmaker]

Yeah, damn. This has been a rough freaking month or two

[Axel]

Man, I am getting my rear handed to me, I guess everyone is. Time to buy more, eh??

[boarder2k7]

Dogecoin up to $0.60 today has me very happy (and also super sad about the chunk I sold off at $0.056 6 weeks ago)