Bitcoin / Cryptocurrency

SonOfSun

SonOfSun

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Thanks Elon and Donald.

Cashed out about about 40% of my dogecoin holdings on this pump. Need to pay long term cap gains, but I will clean up massively. Holding to see if it goes higher. If it hits 70 cents I'll sell another 20% If it hits $1 I sell the remaing 40% and retire at 41.
 
Depick

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SonOfSun said:
Thanks Elon and Donald.

Cashed out about about 40% of my dogecoin holdings on this pump. Need to pay long term cap gains, but I will clean up massively. Holding to see if it goes higher. If it hits 70 cents I'll sell another 20% If it hits $1 I sell the remaing 40% and retire at 41.
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$5 or bust
 
Saltwater60

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SonOfSun said:
Thanks Elon and Donald.

Cashed out about about 40% of my dogecoin holdings on this pump. Need to pay long term cap gains, but I will clean up massively. Holding to see if it goes higher. If it hits 70 cents I'll sell another 20% If it hits $1 I sell the remaing 40% and retire at 41.
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A friend of mine made millions of bitcoin. He got in on the ground floor and mined his own. He built some miner and was the best in the world when he did it. He sold it a long time ago before it hit $40,000. He won’t say exactly what he made but I’m guessing it was 2-3 million.
I told him thanks for telling me and his response was it was so uncertain at the time he thought the $2,000-$3,000 investment in the bitcoin miner was a huge risk and didn’t want to drag his friends down with him. It was just a game to him but one that paid off.
 
masterswimmer

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Saltwater60 said:
A friend of mine made millions of bitcoin. He got in on the ground floor and mined his own. He built some miner and was the best in the world when he did it. He sold it a long time ago before it hit $40,000. He won’t say exactly what he made but I’m guessing it was 2-3 million.
I told him thanks for telling me and his response was it was so uncertain at the time he thought the $2,000-$3,000 investment in the bitcoin miner was a huge risk and didn’t want to drag his friends down with him. It was just a game to him but one that paid off.
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I totally understand his position. I've been following BC since it was $95 per coin. I invested zero dollars and always thought of it as a pyramid scam that was poised to come crashing down. Hey, we all make mistakes. I still won't buy into it.
 
SonOfSun

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Depick said:
$5 or bust
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$5 would be me on the beach til I die money. Honestly, I'd be happy as hell to retire early and live a "normal" life without the need to work. Doesn't mean I wouldn't do anything, more I could do whatever I wanted with my time without having to care. Think along the lines of living like you make $150k a year with your house paid off level money. Comfortable but not rich.
 
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SonOfSun

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Saltwater60 said:
A friend of mine made millions of bitcoin. He got in on the ground floor and mined his own. He built some miner and was the best in the world when he did it. He sold it a long time ago before it hit $40,000. He won’t say exactly what he made but I’m guessing it was 2-3 million.
I told him thanks for telling me and his response was it was so uncertain at the time he thought the $2,000-$3,000 investment in the bitcoin miner was a huge risk and didn’t want to drag his friends down with him. It was just a game to him but one that paid off.
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That's legit how I made my crypto. Letting my graphics cards mine while I wasn't using the PC. Sold enough to buy a house after paying the tax man. Plus kept some for if things turned out like they are turning out now. Think along the lines of lots of dogecoin and a few bitcoin.

Should kept it all ha... but shoulda, woulda, coulda. Life isn't perfect hindsight, still I was smart enough to keep an amount that was worth a gamble paying off big.
 
Saltwater60

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I just bought $20 in Pepe coin yesterday, if it goes to a penny a share/coin I’m retiring. Same with SHIBA coin. All I need is a penny each.
 
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Now is a good time to get in as it has a pullback- buy Bitcoin over $100k is not the way so seeing it dip to $90k range buy a little then see if another opp presents-
 
MothMan

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masterswimmer said:
Mind sharing what your motivation is to buy into AMP crypto?
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electronic payments using crypto currency is a certainty. not CC payments but direct payment to vendors from a crypto wallet. to protect the vendor from slow transactions and other reasons. collateralization of a transaction protects the vendor and guarantees payment. $AMP is a collateralization token and is being use by Flexa now to collateralize payment at places like Chipoltle, Sheetz, Barnes and Noble, Regal Cinemas and more. much better explanations elsewhere. AMP Collateral Token | amp.xyz

i bought into this idea several years and have been accumulating $AMP right along and hold about 700k tokens. using a crypt concept called staking, like earning interest at a bank, i am staking these tokens and am earning rewards more tokens.

$AMP is now at $0.008 most of my bag was purchased at less than $0.005. so with room for lots of upside and staking rewards i went for it. and am up so far. if AMP can get to a dime my $3500 investment will be worth $70,000, pure speculation on my part. recently set goal to hold 1million AMP.

i also hold ADA and some dribs and drabs of BTC and ETH. NEVER INVEST MONEY THAT YOU CAN'T AFFORD TO LOOSE.
 
masterswimmer

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MothMan said:
electronic payments using crypto currency is a certainty. not CC payments but direct payment to vendors from a crypto wallet. to protect the vendor from slow transactions and other reasons. collateralization of a transaction protects the vendor and guarantees payment. $AMP is a collateralization token and is being use by Flexa now to collateralize payment at places like Chipoltle, Sheetz, Barnes and Noble, Regal Cinemas and more. much better explanations elsewhere. AMP Collateral Token | amp.xyz

i bought into this idea several years and have been accumulating $AMP right along and hold about 700k tokens. using a crypt concept called staking, like earning interest at a bank, i am staking these tokens and am earning rewards more tokens.

$AMP is now at $0.008 most of my bag was purchased at less than $0.005. so with room for lots of upside and staking rewards i went for it. and am up so far. if AMP can get to a dime my $3500 investment will be worth $70,000, pure speculation on my part. recently set goal to hold 1million AMP.

i also hold ADA and some dribs and drabs of BTC and ETH. NEVER INVEST MONEY THAT YOU CAN'T AFFORD TO LOOSE.
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I've posted a lot in this thread. I think I've made it quite obvious I'm well versed in the financial/investment world. What I am NOT proficient or well versed in, is crypto. So quite a bit of what you said sounds so much like Charlie Brown's teacher, wah wah wah, that I'm confused as all hell.

I thought BTC, ETH, and virtually all cryptocurrencies are immediate collateralization for a transaction. What would make AMP any different than the others? Staking? That's a new one to me. Rewards? Is that like a dividend?

Is your 'bag' different than a 'wallet'?

MothMan said:
I bought another 7k of $AMP this AM.
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This post also threw me a curveball. I thought you meant $7k not 7k tokens.
 
MothMan

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Easy ones 1st. "My bag" is my holdings of a certain type. Crypto slang for account.

A wallet is were you perform transactions from and can store your assets. Different types of wallets online storage and offline. I store the bulk of my coins offline, not real coins but more like transaction details written in a ledger. So the blockchain, the record, of my transactions is stored on an offline memory device.

Yes staking rewards are sorta kinda like dividends or savings account interest.

Sorry for the confusing grammar. Those 7k of coins cost me $49.80.

AMP collateralization is to protect the vendor/seller. Guaranteeing they will be paid for their services. Blockchains are run on computer networks which can sometimes have speed issues when performing transactions. Eg. the release of the TRUMP coin caused delays of up to 30hrs on the SOL network, some people lost money. A delayed payment might be costly to the provider. AMP guarantees the payment till transaction is complete.

The crypto space has lots terms and concepts to deal with. NFT's , CNT's , staking , minting.... I decided to concentrate my focus on value and utility of the coin I believe the choices I have made reflect that. I am not interested in meme coins or non fungible tokens to me they offer no intrinsic value or utility. They are often just a pretty picture to the holder, IMO.

Trump want a reserve of US crypto currencies I have read that it will include up to 1 million BTC. I believe EO was signed regarding this. Space is very bullish and frothy. Many of the current coins and tokens will fall by the wayside of crypto as , IMO, they will loose backing, have no value and poor ROI if any.

For me Crypto is hear to stay and I've put my money behind that belief. After all it is mine to loose. Currently I am up 3x with ADA and 2x with AMP since December.
masterswimmer said:
I've posted a lot in this thread. I think I've made it quite obvious I'm well versed in the financial/investment world. What I am NOT proficient or well versed in, is crypto. So quite a bit of what you said sounds so much like Charlie Brown's teacher, wah wah wah, that I'm confused as all hell.

I thought BTC, ETH, and virtually all cryptocurrencies are immediate collateralization for a transaction. What would make AMP any different than the others? Staking? That's a new one to me. Rewards? Is that like a dividend?

Is your 'bag' different than a 'wallet'?



This post also threw me a curveball. I thought you meant $7k not 7k tokens.
Click to expand...
 
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