New guy here. Well established real estate investor, bored with the stock market and have a healthy distrust of the government. I set up a Coinbase account and took the Bitcoin plunge yesterday. I feel like I'm late to the party but at the same time my timing could be pretty good.

I have a lot to learn and I appreciate the intelligent voices in this thread. Nice to see some familiar avatars too.

I found it interesting from the article you posted earlier, that 1/4 of El Salvador's population lives in the United States which means they will be buying Bitcoin here in the US also. And I agree with your ripple effect theory to other countries.

""The U.S. dollar is El Salvador's official currency. About one quarter of El Salvador's citizens live in the United States and last year, despite the pandemic, they sent home more than $6 billion in remittances"".

I think I'll order it with DoorDash instead.

I'm really digging El Salvador's President now that he's hit my radar. He really seems committed to Bitcoin as a young and charismatic leader. And he's going Green with his country mining it.

https://www.npr.org/2021/06/11/1005231250/el-salvador-plans-to-use-electricity-generated-from-volcanoes-to-mine-bitcoin

Here's a cut/paste and edit for brevity of an article I found on Bitcoin power consumption.

""Bitcoin mining is an energy-intensive process. But determining the environmental impact is hard. Consider the entire global banking system, and all of the energy required to process bank transactions and power office buildings, ATMs, local branches, and much more.

Recent research by New York-based fund Ark Investment Management concludes that “Bitcoin is much more efficient than traditional banking and gold mining on a global scale.”

The Cambridge researchers concluded: “Bitcoin’s environmental footprint currently remains marginal at best.” "

I have gold crowns on three of my back molars that are hard to see unless I'm laughing. Pretty sure my daughter, who takes after me, will sift my ashes after I'm gone.
(sniff, proud)

What a fascinating character he was. Very sorry to hear.

We're all gamblers on this ride.

zzBitcoin-performance 2 (resized).jpg

(I like how Bitcoin is calmly holding her hand)

The news is a bit muddled but I'm still taking it as encouraging. Here's the Bloomberg report that may clarify things.

"Amazon Job Posting Hints at Plan to Accept Cryptocurrency"

"An Amazon job posting published online last week seeks a “Digital Currency and Blockchain Product Lead.” After Insider reported the existence of the posting earlier, Bitcoin surged to about $40,000. Amazon shares gained about 1% in New York"

https://www.bloomberg.com/news/articles/2021-07-26/amazon-job-posting-hints-at-plan-to-accept-cryptocurrency

I bought the BTC dip too and also picked up some Ethereum around the same time at a great price.
I'm new to crypto but not investing. Even the volatility is, umm... entertaining.

I'm having a great time researching/learning and many of you guys here are great. I especially appreciate links to appropriate articles that you guys find and I will do the same.

Other than window dressing, both parties have become indistinguishable to me.
Which leg do you want broken? Your left or your right.

Could be we are all over thinking it here. We live in a society that only reads headlines/opening paragraph and quickly moves on. People sitting on the sidelines only see that congress is discussing Bitcoin, which thereby gives crypto legitimacy.

Keep in mind crypto is still an infant and I'm hoping herd mentality kicks in here. Assuming that we continue to survive 30,000 as the new bottom. (BTC)

FYI. I welcome and encourage disagreement.

Needs a Deeproot logo.

I dare you to say that to a stranger.

I listed a game for sale here on Pinside.
https://pinside.com/pinball/forum/topic/4-in-1#post-6580999

If you look at the bottom of my ad, I have written in Bitcoin as a payment option. To be honest, I'm new to Crypto and I haven't a clue as to how I would handle that if someone were to take me up on it. But this is how I learn.
I have an account at Coinbase with BTC and ETH in it.

Good idea, bad idea, complicated idea? Risky? I appreciate any thoughts. - Thanks.

https://decrypt.co/92856/coinbase-super-bowl
.

zzzzz zzBitcoin (resized).png

Disagree. In my view your comment was an unnecessary point and was intended to brag. Don't sweat it, the internet is full of big shots.

Your further point seem to be that you are all knowing while we are brainless lemmings running over a cliff. Not sure what compelled you to warn us but had you joined this thread long ago, you would know that many of us have repeatedly spoken of the risks and volatility of Crypto. Its also been well establish here that no one should invest more than they can afford to lose. Also known as common sense.

Wow, Bitcoin is risky and speculative. - Thanks for pointing out the obvious.

There's a fictional drama series called, Billions, on Showtime that I highly, highly recommend.

Binge worthy
(First few episodes in season one are character building and moderately slow. After that it really takes off).

My psychic says that conflicts with my birth sign and my previous life as an Egyption Pharaoh

Please let that be a joke. OMG is right

I'm not going in. I'm already getting enough hate for my Fathom ad.

I could have strung the distraction out further but Pinside no longer allows boob pictures

Even Steve Bannon is disgusted, warning people to stay away and saying that his advisors should all be fired.

Elon Musk is a complex and fascinating man to me despite some of his controversies. He's said and done some things I don't care for but I find him brilliant and a visionary. SpaceX is the coolest company of my lifetime.

His Wikipedia page needs to be updated.

Billionaire forced to live in parents basement.

This inflation is worse than I thought.

Yep, thanks for the correction. Seems like only a month ago he was a Billionaire.

Yes, that's correct. Consider that Bernie Madoff's bail amount was a meager 10 million.

Bankman-Fried's parents have pledged their home as collateral to the 250 million.
That must be one hell of a home and I'm guessing Sam was a spoiled kid.

derp, I forgot it was 10%. It's been a long time since I needed bail money...

Imagine being a parent and hearing about 250 million for bail. ...And I use to worry about my daughter coming home pregnant.
ha ha

Do you mean, Dan Crackpipe Pena?

I was going to convert my ETH into Bitcoin at some point. Bitcoin being my largest crypto holding. But I bought ETH when it was down and it keeps doing well for me, especially recently. And I'm now backing away from that idea.

I still consider myself a crypto neophyte and I research when time permits. I'm just seeking opinions here on that move and ETH, to compare or contrast with what I'm reading.

Thanks

20% and not staked

Really glad I changed my mind and held it all. Sometimes it pays to procrastinate.

BlackRock's confidence in Coinbase is reassuring to someone like me.

For a moment there, I thought Blackrock was investing in Marijuana.