Bitcoin or Cryptocurrency Mining ...

[carxynogen]

To earn millions from BTC, one should have invested at least 100k in 2015, then it would be worth 10M today, tama ba? If one was able to sell at the peak, that's about 30m, retirement money na yan di ba?

If I wanted to try BTC back then, the most I can afford to lose was 10k, so 1M lang yan ngayon, 3M at the peak.

There was an ETH which started last 2015.
It was $1 at that time.
But after a year, it reached 10$ then climbed to $100.

[papi smith]

There was an ETH which started last 2015.
It was $1 at that time.
But after a year, it reached 10$ then climbed to $100.

Yeah, the point is, would I invest 1M in crypto back then? This is all hind sight. Do you think anyone who made double or triple their investment wouldn't cash out? I don't think there are people who bought BTC at $2 and still holding now [emoji848]. Nothing personal bro but we all know what the VUL peeps with their 10% projections sales pitch say, " past performance.is not a guarantee.od future performance" [emoji16][emoji3577]

[uls]

thing about public ledger (blockchain) is anyone can see what's going on

[papi smith]

Nothing new in the chismis, este trading business

[doo]

Lol

Sent from my 2107113SG using Tsikot Forums mobile app

[uls]

amazing some people can resist taking profit even after $50 grew to hundreds of thousands and continue holding into millions

[uls]

but this guy...

[carxynogen]

Yeah, the point is, would I invest 1M in crypto back then? This is all hind sight. Do you think anyone who made double or triple their investment wouldn't cash out? I don't think there are people who bought BTC at $2 and still holding now [emoji848]. Nothing personal bro but we all know what the VUL peeps with their 10% projections sales pitch say, " past performance.is not a guarantee.od future performance" [emoji16][emoji3577]

If you are talking about bulk of 1M, syempre its unwise to invest right away.
But if you have spare 5k/month or 10k/month, will it hurt if you do cost averaging per month in crypto than in stocks?
In stocks, napakaliit ng return every year, compare to crypto.
In a year, you will be surprised that your 5k or 10k is a 60k or 120k investment na pala.

There are also crypto out there which will give you 5%/year interest (you will be 5% number of coins in return) if you will keep your wallet and won't withdraw it.
This is what they call staking and the additional coins you earn is on top of the price fluctuation.

So rather than keeping 5k or 10k per month in bank, I rather keep it in crypto doing cost averaging.
Syempre knowledge on the specific investment is still needed to alleviate the risk.
It's not for all, all investment has risk.

[carxynogen]

amazing some people can resist taking profit even after $50 grew to hundreds of thousands and continue holding into millions

At the time kasi, less than a $100 lang worth so if you will not need the money, better keep it and ride the trend.
If mag down man, no regrets since malaki pa rin gain.
Unless if you needed the cash na for some real purchase purpose.

[baludoy]

pinlitan na ni elon iyong logo ng twitter sa pc (sa smartphone ko same pa din eh) ng doge coin icon. not sure if it's part of his trolling habit or it's a business move . is it a permanent change kaya?

[uls]

sa twitter dami naiinis haha

doesn't bother me at all

[Gumusut_Amige]

but this guy...

truly amazing... he can buy a lot of papa johns outlet with that amount of money!

at what level does he forego his 10K bitcoins?

[Verbl Kint]

Bitcoin is straddling the US$30k at the moment.

Considering that it was US$16k just late November, whatever btc you bought then would be 87.5% up today; something to think about as the next halving cycle is about a year from now.

[Dr.Kamiya]

CZ and Binance plead guilty to money laundering. Binance fined $4.3B, CZ fined $50M, to step down as CEO, and is barred from working at Binance.

Binance Founder Changpeng Zhao Pleads Guilty to Money Laundering Violations - The New York Times

Binance slapped with $4B fine, accepts plea deal forcing CEO to resign | Ars Technica

[CarDaniel]

This is a huge setback for Bitcoin, since Binance has the highest trading volume of any crypto exchange in the world. However, I believe Bitcoin can recover from this in the long run.

[Verbl Kint]

This is a huge setback for Bitcoin, since Binance has the highest trading volume of any crypto exchange in the world. However, I believe Bitcoin can recover from this in the long run.

The next halving is just a few months away. It'll probably be above $50k by then, particularly since the bulls are back.

[Verbl Kint]

reuters.com

US SEC approves bitcoin ETFs in watershed for crypto market

WASHINGTON/NEW YORK, Jan 10 (Reuters) - The U.S. securities regulator on Wednesday approved the first U.S.-listed exchange traded funds (ETFs) to track bitcoin, in a watershed for the world's largest cryptocurrency and the broader crypto industry.

The Securities and Exchange Commission said it approved 11 applications, including from BlackRock (BLK.N), Ark Investments/21Shares (ABTC.S), Fidelity, Invesco (IVZ.N) and VanEck, despite warnings from some officials and investor advocates that the products carried risks.

Most of the products are expected to begin trading Thursday, issuers said, kicking off a fierce competition for market share.



What does the above mean? Here's a follow up article:

https://www.msn.com/en-us/money/othe...to/ar-AA1mLXoL

[dreamur]

Sounds like this will provide a platform to regulate cryptos.

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[Verbl Kint]

Bitcoin is straddling the US$30k at the moment.

Considering that it was US$16k just late November, whatever btc you bought then would be 87.5% up today; something to think about as the next halving cycle is about a year from now.

BTC has been on a tear the past few weeks, thanks to bitcoin ETF's finally being legit on Wall Street. Other cryptocurrencies have also been surging along with it (as is usually the case).

Now is arguably the wrong time to buy bitcoin since the valuations are on the way up to a new ATH (all time high). But those who did buy mid-2023 more than doubled their investment. Those that bought in 2022 (and held on to their btc) are up nearly 400%.

My hunch is that there will be a selling frenzy once the price hits $70k but that btc will eventually rise further until the halving event in April.

It will be very interesting to see what happens after that.

[carxynogen]

Waiting game lang talaga best play dito.
Sa stock market, bihira ka lang maka waiting game dun.
Need mo talaga sabayan index by buying index stocks to make money.