Bought some ATOM off somebody's recommendation and it is doing nicely right now. Thanks for the recommendation!

Anybody have any speculation of what is going to happen with Ripple? I have a fair amount of coins locked up in Coinbase right now due to the SEC investigation. However, it has been going up a little here recently? I know they are supposed to airdrop Spark at some point but don't have any details.

What can I say? You and I are both renaissance men I have had a Coinbase account since 2017 but have only dorked around with things a little. I know very little about crypto but am eager to learn. Thanks for your take on XRP. I appreciate that.

Yep!

Just bought a 100 GRT. Like I said, baby steps.

MANA has been on a roll since the announcement that Atari is going to build a casino in Decentraland.

Liking the movement in XRP. Have been sitting on some when Coinbase stopped trading it. Looks like they are going to prevail against the SEC.

Is anybody else into MANA? Bought it at around .60 and it is now 1.53, up 25% in 24 hours. Pretty interesting as it is the currency of Decentraland.

Anybody else have any LTC? Going up!

Matic is going parabolic. Bought 900 bucks of it on May 12.

Interesting that Wells Fargo is going to start a managed crypto offering but only for wealthy clients. Have to make 200K a year or have assets of 1M to qualify. Curious what this turns out to be.

https://decrypt.co/71370/wealthy-clients-wells-fargo-will-soon-be-able-buy-bitcoin?&utm_medium=referral&utm_campaign=feed&utm_source=coinbase

I will pass along the details when I get them.

That is a sucker bet based upon the payout. Your payout has no upper limit but the other side has limited upside and payout would be in a depreciating asset if they win. Now, if you want to throw a few grand USD down straight up as to if on Dec 31, 2021 BTC is over 100k at that point in time now that could be an interesting conversation…

Oh, I saw it. I don’t believe in sucker bets. You are free to take mine if you like.

That is what I said last week. I guess nobody wanted to accept my bet I threw out.

My cash wager still stands.

Both Spyder and I have been saying the way that you have the bet structured is a sucker bet. Why would I want to get paid in BTC if it is on the way down? For me to profit the most, it has to lose its intrinsic value. This puts a limit on what I can win. But theoretically, there is no upper limit to what you could win.

Kudos to you for coming up with a slick bet or stealing it from somebody but this is ridiculous. But if you ever want to convert to old boring fiat we can talk.

No no no! My winning potential is minuscule while you potentially have unlimited upside. That is the point that you are ignoring.

How about this: 5K paid however the winner likes that BTC is 100K on 12/31? It is purely binary. If on that date it is 100K, you get 5K payable however you like. If it is not 100K, I get paid however I like.

Oh, I was not confused at all. I was recasting the bet as I saw fit based upon your ridiculous first bet.

Here is my counteroffer: 5K USD bet paid in whatever manner the winner specifies that BTC will not pass and stay above 100K USD for 72 consecutive hours prior to 11:59 and 59 seconds December 31st, 2021 EST. Loser of the bet has to do whatever payment conversions that the winner asks for. This bet prevents flukes and proves out the staying power of BTC.

That is a good point. I will defer to Astropin on that. I have looked at online escrow services like escrow.com so we would put our assets in those at the beginning of the bet. Since none of us know each other that would make the most sense. Since I am insisting on the escrow, I will even pay the escrow fee, which appears to be $173 for the 10K of assets.

We just can’t get there from here. Like you said, we will have to see what happens.

I don't follow crypto as closely as some of you (I only have a few grand in it) but I am a big stock investor and finance guy. I think crypto has significant headwinds in front of it right now and I would urge caution before throwing money in this right now. Spyderturbo007 asked about when you pull the ripcord and as an investor, I would think that if you have gains you might consider locking those in now. I think this thing can fall further so do not think this is the time to average down (I myself am not averaging down at this time because I don't think we are at bottom).

I know that folks have been touting crypto (particularly BTC) as a store of value and that they hold these beliefs dear. I think the volatility that we are seeing proves that we are not deep enough in the maturity cycle yet for BTC to be a true store of value and that instead, it is a speculative investment at this point. Please, please be careful out there with your investments. This is not calling anybody out and is not my intention. But when your investment drops by half and you have the governmental headwinds that is a time be diligent when you make investment decisions.

GLTA.

My counterbet still stands.

Cryptopunk easily. Tesla tends to do incredibly well after a stock split and this one has a lot of buzz behind it already.

I think the interesting story is if BTC hits 21K and Michael sailor gets margin called. I say yes.

We are getting ready to hit 21K and the Microstrategy margin call. Nobody else interested in this? This is going to have huge ramifications.

https://www.cnbc.com/2022/06/14/bitcoin-plunge-spells-trouble-for-michael-saylors-microstrategy.html

For context, that tweet was from May 12. Lot of things have changed. That still does not answer the question if they got margin called, which nobody knows right now.

In the industry that I am in, he is a very polarizing person. The stories about things that happen at his company are legendary. There are more than a few folks that are sharpening their claws right now.