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16 April 2021, 08:58 AM | #31 |
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I’d much rather sell some crypto to buy a watch :)
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Polar 216570 ElPrimero O’69 Nomos Tangente Hamilton Khaki Sub 114060 |
16 April 2021, 09:01 AM | #32 |
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16 April 2021, 09:27 AM | #33 |
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Nope. That's not for me. I'm invested up to my ears.
Sent from my SM-G970U using Tapatalk |
16 April 2021, 09:46 AM | #34 |
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I wouldn't buy Enron or WorldCom in Summer 2001
You would think there has to be a time when governments wake up to Crypto and shut it down. The whole idea is very strange. Hard assets imo are what's real. |
16 April 2021, 09:49 AM | #35 | |
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Quote:
"I don't see how you could ban it," she said at an "Investing in Crypto" event hosted by MarketWatch. "A government could say it's not allowed here, but people would still be able to do it," she added, saying it would be hard to stop anyone from trading in digital assets. "So I think it would be a foolish thing for the government to try to do that." |
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16 April 2021, 12:03 PM | #36 |
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Agree. I’m strongly considering selling my holdings and buying more properties.
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16 April 2021, 12:33 PM | #37 |
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16 April 2021, 12:36 PM | #38 | |
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Define hard asset though..... cash with nothing behind it, real estate artificially inflated by material shortages etc, gold that most people could care less about, or stock markets manipulated by hedge funds day in and day out....... it’s really quite squirrelly across the board. Sent using Tapatalk |
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16 April 2021, 01:56 PM | #39 |
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Short-term? Probably not. You’d be buying at an all-time-high.
Long-term? Of course. Honestly, anyone who doesn’t have at least 5% of their investment portfolio in crypto isn’t paying attention. |
16 April 2021, 02:42 PM | #40 |
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Which ALT coins do you feel are under valued?
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16 April 2021, 03:27 PM | #41 |
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Undervalued is not what I'd call things in crypto. Anyway, some coins that I have that I like a lot are XVG, XLM, XTZ, RDD, SC, DGB, OMG, REN, ADA, DIA and DOT to name several. I mean, look at Doge - it's a crap coin that went from .003 to .27 now? Crypto is a lot of hype with not much substance. You have coins with great blockchains that are superfast like XVG and XLM but their pricing is rather low IMO. Bitcoin is terrible to send and receive. Slow and super costly. I feel like crypto is the wild west of currency and everyone should get in on it.
When I got into crypto the GLOBAL crypto market cap was ~70 billion dollars or so. Today it is 2.3 trillion. Even that is peanuts. My theory here is high tides raise all boats. Crypto will continue to boom for a long while in my estimation. |
16 April 2021, 03:47 PM | #42 |
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No.
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17 April 2021, 09:40 AM | #43 | |
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Quote:
One efficient method to take it to all the cryptos and related market participants is with Securities marketing violations. These were all sold for years as "currencies". They're really just (seemingly) unstable speculative securities. Hester of course is a big deregulation supporter too, so she may be letting her perspective be muddied by her beliefs of what she thinks is best for traditional capital markets. https://cryptotvplus.com/2021/04/inc...as-a-security/ By the way people here will probably slaughter me but a Rolex is much more of a real investment (even if we refuse as a forum to call it that) than any crypto could ever be. Reminds me of the commodity and interest rate explosion in the 70's and 80's. Slowly deteriorating real wealth. The one aspect thought that I think Crypto miners (and "experts" on crypto such as on TV) are overlooking is what happens when energy prices take off. Perhaps the miners are dumping now lol, but more than likely the miners and participants have a limited skillset analyzing energy markets (and silicon development and production). But investors are going to take the hit in crypto. Increasing energy prices along with hash rate limiters by NVIDIA on their GPUs (assuming they continue to fine-tune) may keep reducing values too. The increasing energy prices reaching a level high enough to cause a crypto crash may very well come due to over-regulation of natural gas markets. Or perhaps the coming crowding out of cryptos due to over-reliance on green energy. We saw in TX what unstable energy production (windmills in cold temps) do to pricing. The move to electric vehicles too takes a lot of coal. Putting upward pressure on coal energy prices with the electric vehicle moves being forced on autos is going to be a factor on energy prices too. I truly believe most of these crashes happen at times like this when most everyone doesn't expect it. Bottom line, Crypto's upward trend has really only been driven by one thing and that's the mining tools aka NVIDIA's Tensor cores in their RTX line of GPUs. That's a lot of idiosyncratic risk imo to be confident banking on cryptos. Anyway enough of my rant lol |
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17 April 2021, 01:35 PM | #44 | |
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Anyone considering selling a watch to put into Crypto?
Quote:
I agreed with all the other parts of your post and only pasted this part for a bit of clarification. I agree regulation is the better tool - and no way to “ban” cryptocoins. But new regulations can’t be applied retroactively - nor fines levied until such regulations are codified with prescribed guidelines. This could be done in US for those exchanges based here. But other global exchanges are free to trade with US holders on dark web so a bit squidgy enforcing regs. If US was going to dampen demand, the counterfeiting of currency is another angle in US Codes. For example, enacting governance of commerce to only be transacted in federal reserve notes (or bank drafts solely backed by USD). Not taking sides, just convo on effective ways to work with the new crypto’s. Anyone wanting Dogecoin now? A joke gone serious... Sent from my iPhone using Tapatalk Pro
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17 April 2021, 01:39 PM | #45 |
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Virtual currency or a virtual watch.....mmmmmm
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20 April 2021, 12:58 AM | #46 | |
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I find it interesting for sure, no sides just interesting debate on a new subject. Due to mentioned complexities, I do think at the end of the day we will see two things used as tools. Alternative Minimum Tax above and beyond current for all current crypto holdings coming from Dept of Treasury and then fines for improper securities marketing coming down on the exchanges and from the SEC. May take a little while to get to that point imo though. |
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20 April 2021, 05:55 AM | #47 | |
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Anyone considering selling a watch to put into Crypto?
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It’s a curious thing this crypto - neither fish nor fowl. Crypto itself is unregulated. Treasury doesn’t touch it as a currency, nor does SEC as a registered security. IRS simply treats it as a source of profitable trading for tax purposes. Exchanges aren’t marketing the crypto, they are marketing the features of their business. But the new ETFs based on various crypto’s are regulated - go figure. Sent from my iPhone using Tapatalk Pro
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20 April 2021, 07:01 AM | #48 |
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If you can’t afford to buy crypto without selling something, don’t do it.
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20 April 2021, 07:22 AM | #49 | |
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https://www.sec.gov/news/public-stat...ton-2017-12-11 "I also caution market participants against promoting or touting the offer and sale of coins without first determining whether the securities laws apply to those actions. Selling securities generally requires a license, and experience shows that excessive touting in thinly traded and volatile markets can be an indicator of “scalping,” “pump and dump” and other manipulations and frauds. Similarly, I also caution those who operate systems and platforms that effect or facilitate transactions in these products that they may be operating unregistered exchanges or broker-dealers that are in violation of the Securities Exchange Act of 1934." Should get interesting in the next year or so. |
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21 April 2021, 04:41 AM | #50 |
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I did it... I sold my airking and rolled that $6500 into Bitcoin and ADA @ $25,000 and $0.30 respectively. I just bought a NOS 114060 and might consider doing it again.
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21 April 2021, 06:53 AM | #51 |
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Not selling me watch. Bitcoin is easier to purchase over here than a Rolex.
I am officially a Bitcoin HODLER. Sell in 10 years time. It's all about health, happiness & family. The rest are just necessary inconveniences we have to deal with. |
21 April 2021, 10:55 PM | #52 | |
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Quote:
https://news.yahoo.com/bitcoin-price...094926937.html https://www.reuters.com/article/deut...ME2NP?rpc=401& |
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21 April 2021, 11:08 PM | #53 | |
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21 April 2021, 11:11 PM | #54 |
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Not me.
I'm fully invested at the height of my risk tolerance - mostly growth stocks outside of my retirement accounts - and I rather enjoy my watches. If I was looking for more growth / diversification, I'd probably just rearrange my portfolio vs risk losing more than what I already have in the market. Nothing is a sure thing, especially these days - but my Rolex remains steady and at the very least provides ample amounts of happiness. I'm also not a crypto guy, but I think it goes for any type of investment...
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23 April 2021, 09:51 PM | #55 |
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Looks like crypto is taking a big hit. Getting ugly. Hope OP didn't do a trade recently
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23 April 2021, 10:52 PM | #56 | |
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Quote:
everything started happening over the weekend when china had issues with coal mines that ended up bringing down a huge portion of the bitcoin network which made transactions back up and fees enormous. long term i don't think anything has changed for bitcoin, lot of positive news came out in the last week |
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23 April 2021, 10:54 PM | #57 | |
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23 April 2021, 11:00 PM | #58 |
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i hope i'm right too and hope this time is different with so many big buyers, but in the end it really is the wild west and no one knows lol
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7 May 2021, 10:21 PM | #59 |
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The new SEC chair, Gary Ginsler just made the case in an interview on CNBC for regulating the crypto exchanges to get at the gamification of trading asset classes.
Look for a bill in congress soon methinks… Sent from my iPhone using Tapatalk Pro
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7 May 2021, 10:25 PM | #60 | |
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Quote:
https://seekingalpha.com/article/442...terminal-stage
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