One of the arguments against crypto, oddly enough often from people that collect gold, is that you can't really buy anything with Bitcoin. Now you can tell them, sure you can, a new Tesla!

https://thehill.com/business-a-lobbying/business-a-lobbying/537843-tesla-purchases-15-billion-in-bitcoin-announces-plans

I did link to an article about it about 8-10 posts up. It sure made BTC jump today and all the rest of the bigger coins got a nice bump.

So say we all! Beyond my existing Coinbase account, I ended up buying $2,100 of BTC and ETH in December when Paypal was offering free transactions for a week or two to kick off their crypto service. As of today it's up to $3,888, I'm expecting it will fully double within a week or two. I'm trying to decide if at that point I pull out my initial investment and ride for free or to just leave it all there.

Does anyone get a bonus for turning a friend onto Binance US? I finally stopped using my other Binance account and need to open the American version. Happy to get someone else a little coin if they have one of those kinds of deals.

My friend mined bitcoin back in the day, he still has a pair of socks he bought online for 3.5 bitcoins. It's loads of fun to joke about. But he also still has like a dozen coins, so I don't think he has a lot of regret.

I have about 5K in Crypto currently. But that was about a 2K cash investment originally. Almost all in BTC and ETH.

Gene Simmons has a reputation for being the most terrible customer to wait staff and bartenders, so many stories about him treating service industry people terrible, it's almost like a negative endorsement.

Bitcoin is still up 8% for the week, I don't understand the panic. It easily swings 5-10% in a day, if you've been investing in it for over a month or two, you are still way up and should be getting used to the swings. These are buying opportunities in crypto!

For perspective, when Paypal was offering free transactions at the end of December to launch it's new Crypto wing, I bought $2,100 of BTC and ETH. Right now that account is at $4,345.26. I've more than doubled my money in less than 2 months.

This still doesn't panic me at all, it's normal for crypto and Yellen and Musk's remarks are just the kind of thing that can create good and bad waves. I'm more concerned about the stock market right now dropping so much in the past week. Looking to buy more ETH if it drops a little more.

It felt more like penny stocks back then with a lot larger swings and tons of shitcoins with pump and dumps. Not that that stuff doesn't happen now, it just feels like with so many more people holding crypto, especially large institutions, as well as more established coins, the swings have stabilized a bit more.

Time to buy before it jumps up again?
https://www.marketwatch.com/story/lasereyes-meme-campaign-goes-viral-on-twitter-in-apparent-bid-to-double-bitcoin-price-to-100-000-11614107554?mod=home-page

I wouldn't call pinball machines depreciating assets, although I suppose it depends what era you collect. I buy Bally/Williams DMD games mostly and they've all doubled to quadrupled in value in the past 15 years. Same thing has happened to 80s arcade games, especially color vectors, they sell at 5-8 times what I bought them for ten years ago.

I know ETH 2.0 is coming but I don't understand how this works, if you have ETH, will it all become ETH 2.0? Coinbase had something about staking your ETH, with no min, for like 7.5%. Trying to decide if I should do that since I'm holding some.

How long does it typically take Binance to clear a BTC deposit? I finally closed my original Binance account and opened a Binance US account last week. I moved $500 of BTC over from Coinbase and I can see it's been received at Binance, but it's still not showing up as tradeable coin many days later. I was hoping to buy some ADA.

And related, if I'd done the transaction with ETC or another coin, would it have happened faster? I've owned crypto for a long time, but I don't move it around very often.

I figured it out with more snooping and feel like an idiot, my Binance balance screen was defaulting to hide balance, clicked the eye graphic and it showed. Thanks!

My BTC has more than doubled in the past 3 months, my ADA has not come close.

Woah, I didn't know about Coinbase pro at all. Is there a fee for transfering your coins from Coinbase to CB Pro?

Thanks! Just moved most of my stuff to Pro. MKR and GRT wouldn't move and I left ATOM since it's earning 5% apy, which it looks like it doesn't on Pro.

I'm glad I wasn't alone in this. I think I opened my Coinbase account about 8 years ago and really hadn't used it much until the last 6 months. I'm guessing the Pro version came about when I wasn't really using the account.

10% daily swings are normal in crypto though, will it hold for a week or a month is more the question.

Ah, you sold it already, I didn't catch that. I tried day trading crypto a few years ago, I felt the fees and wild swings in the lesser coins made it really hard to be successful at. Good luck!

When I daytraded shitcoins it was pretty similar to what I do with stocks. 90-95% of my investments are long holds in things a believe in, in crypto that's BTC and ETH. The day trading or short term holds were in coins I didn't care that much about long term, but was looking for massive short term gains when they pop for a week or a day. The way I saw it there was never much risk because it wasn't much of my portfolio and there was potential occasional big gains. There were also no taxes on it back then. The reality was I never saw big gains and the pot of money I had for shitcoins slowly shrunk, eventually I got bored, moved it all into BTC and forgot about it. Well, I forgot about it for years until December, when BTC started jumping up and I was curious how much I had sitting on Coinbase and in Binance, that's when I jumped back in a little. This time around I'm buying and holding a few other coins like ADA to see what happens, but mostly just adding more to BTC and ETH on dips or every paycheck and have a nice nest egg of each now.

Honestly, I'm not selling any of my coins for years unless I really need the cash. A downturn in the price of BTC and ETH looks like a buying opportunity to me because the drops are getting smaller and less extreme. We've been on such an upward path for the last year, these swings lower may scare newbies, but they aren't near as extreme as they used to be.

In 3 months you will be completely happy with your decision. Crypto fluctuates in big swings, a 15% drop in a day or few weeks is normal, so is a 50% gain in a month or two. I noticed that Paypal was selling it too back in late December and they offered zero fees until the end of the year. I bought $2100 of BTC and ETH, right now it's worth $4100 (and has gone up as high as $4900). Play the long game and you will see nice gains.

This should bump BTC up more... it prompted me to buy more:

"PayPal Holdings Inc will announce later on Tuesday that it has started allowing U.S. consumers to use their cryptocurrency holdings to pay at millions of its online merchants globally, a move that could significantly boost use of digital assets in everyday commerce.

Customers who hold bitcoin, ether, bitcoin cash and litecoin in PayPal digital wallets will now be able to convert their holdings into fiat currencies at checkouts to make purchases, the company said. The service, which PayPal revealed it was working on late last year, will be available at all of its 29 million merchants in the coming months, the company said.

“This is the first time you can seamlessly use cryptocurrencies in the same way as a credit card or a debit card inside your PayPal wallet,” President and CEO Dan Schulman told Reuters ahead of a formal announcement."

Thoughts on this? I use Coinbase, I just don't know if they have growing profits or are expanding their business.

By this logic, we should ban gold for similar reasons. I love when someone that's anti-crypto comes here every few weeks and spreads disinformation with righteous morality.

What's the annual energy consumption of the stock market, investing companies, hedge funds and the computing behind it all? What's the annual energy consumption of the bank industry, from the construction and running of physical banks, to their employees, to their computing and security needs? Those seem rather wasteful as well, yet you are only pointing the finger at crypto.

The downside to this is PayPal charges you more for transactions of lower value. You might want to let your PayPal account build up to $200 before making a crypto purchase.

BTC and ETH pushing new highs today, both up about 10% in the past week. In the past 7 days XRP up 90%, BNB up 45%, XLM up 26%, LTC up 21%, ADA up 10%. Love it. Although I don't see alot of buying opportunities when the crypto market is doing so well.

I'm doing the same, I am starting to go more towards ETH now. I expect both to at least double in the next few years and the opportunities to buy dips to be fewer and fewer.

I figured with COIN I'd wait a few days to see where the price settles out, IPOs are so unpredictable these days.

Exactly!

1. Open a Coinbase account.
2. Add your bank account, deposit money.
3. Buy Bitcoin and Ethereum, the two biggest coins.
4. Wait for 3 or 4 months and watch your account gain 25-50%, OMG, this shit is awesome!
5. Start buying other coins, open a Binance US account and transfer Bitcoin over from your Coinbase account.
6. Decide you have a more chance of making big money buying cheap lesser coins (AKA "shitcoins"), buy a bunch with your Bitcoin, get really excited as they get pumped and go up 300%, buy more at the peak, then watch the price tumble and you lose most of your money.
7. Then start over and focus on Bitcoin and Ethereum, buying $50-$200 each paycheck each time the price dips.
8. 5 years later realize you have over 50K-100K in crypto and realize your crypto account has grown way faster than your stock investments. Start planning your early retirement.

Texas is pretty anti-crypto and into heavy regulation of new industries and things the government can't quite understand or doesn't like. They finally let liquor get delivered and shipped to people at their homes after fighting it for years. Pot's still illegal, even for medical use except for a few very explicit medical conditions. But there are ways around it.

ETH continues to be on fire, within the next 2-3 weeks I expect it to solidly stay above $2,500. I bought a bunch in December when it was around $600. I'll take this medium steady growth with less risk over all the lesser coins I've thrown some cash at.

I'm planning on buying more BTC Monday if the price stays low or drops even more. I'm likely going to start buying some every paycheck and reducing how much goes into stocks, BTC and ETH have been doing much better than the stock market over the past 4 months, wanna invest where the profits are most.

With coins like Doge and Safemoon, the only way to play it is daytrading or short term holds, much like a Meme stock like GME. But it's always hard to time the market, especially as a hyperider. They will crash and burn and you don't want to be hodl when that happens.

If the current trend continues, you will be able to take out even more cash at 25% a week from now. I don't really feel like this was big enough to be a correction, this was a pretty normal weekly fluctuation for crypto. It's so tough to try to time the market when you have an external timeline.

I've been waiting in verification for about a month, you aren't alone. You can however buy almost instantly directly from your bank on Coinbase, then send the money to your Binance account. This is the way we all did it in years past, I didn't realize Binance now takes direct deposits until someone mentioned it here. It sure seems like they don't want to take direct deposits though!

They seem exactly the same from the interfaces, I had Binance until they made us switch, but haven't noticed any discernable differences. What am I missing?

I use a VPN, but they knew were were from the U.S. by our IDs and bank info and started telling us to move our accounts over in December. My old Binance account is still live, but I'd be worried if I had coins there I wouldn't be able to withdraw them at some point.

I'm 60% BTC, 30% ETH, 10% other. Wish I was more ETH, but I've tripled my investment in just 4 months, so I can't complain.

And there you go, just 5 days later, crypto is at all time highs again and ETH is on fire . How you waited out the price fluctuation.

ETH isn't going back down significantly ever, this is still buying it cheap. I'm still buying.

Can Ethereum prices hit $5,000 in a week? That’s what one crypto expert speculates as Ether mints records...

https://www.marketwatch.com/story/can-ethereum-prices-hit-5-000-in-a-week-thats-what-one-crypto-expert-speculates-as-ether-mints-records-11620063086

Most people won't do auto stop losses because of temp market fluctuations like that.

I mainly collect crypto as an investment to make money on, just like with stocks and property, I want a diversified portfolio, and I don't want to miss out on any opportunities. I don't care much about the blockchain really. And the only things I've bought with bitcoin are poker chips and drugs. So there definitely is some reality to what you are saying, although I think in the next few years now retail will take crypto and it's getting more mainstreamed.

I just noticed that and realized I had $400 LINK, nice!

I wouldn't pick one. Bitcoin is now owned by many large banks, companies and investment firms, it's the safest crypto and will always increase in value and may increase 5 times it's value in the next couple years. Ethereum is the next most stable coin, has more uses and is likely to increase more in value in both the short and long term, but may have more risk.

I have a couple friends that are pretty new to crypto and have a bunch of cash, they are putting it all in ETH. That might tell you where people see more growth.

What's gold backed by? It's intrinsic value is always based on hype and demand. Humans have been putting less value on gold, so it's price has been dropping over the last year. I follow the gold market, it's been on a steady decline since August 6th last year, it's a terrible investment right now and has been a terrible investment long term when compared to stocks and crypto.

This is one of the reasons I have Paypal stock, they jumped on the popularity of crypto last year and will make a lot on the transaction fees. People that buy crypto through Paypal don't care about using it, in fact they can't, Paypal only allows for people to buy, hold and sell a few coins. It's purely for people that want to invest in it and plan on reporting taxes.

Don't people expect Coinbase and Binance to start reporting profits and losses from sales to the IRS soon? The U.S. has been asking since last year that we report crypto capitol gains, it's been on the tax forms so you either lie or comply.

You're right, if you cherry pick a 20 year chart, gold beats the stock market. I'm sure you know as much as or more than I do about the gold market though and are trying to paint a picture that's not exactly true. If you do a 5 year, 10 year, 30 year, or 100 year comparison, the market beats out gold as an investment every time, often quite massively. Many fortunes have been made in the market, quite a few have been made in crypto, very few have been made in gold. And if you are giving investment advice for someone right now, you can't cherry pick an old data point starting 20 years ago and ignore the 1 year, 5 year and 10 year trends that show the opposite. Following current investment trends:
bitcoin>stocks>gold

Data source: https://www.macrotrends.net/2608/gold-price-vs-stock-market-100-year-chart (which I think you also used)

10 year chart, blue is the Market, gold is Gold:

goldvsmarket (resized).png

Anyone have a good read on ADA right now. Seriously thinking of doubling my investment tomorrow. It seems primed for a step up... or a crash.

Bought more ADA today on the dip... but it might keep dipping!

Maiden

This. Dogecoin is a meme coin, it likely already had it's pump and dump and is heading back down, I'd be looking to move out of it and move to either an up and coming coin with real purpose like ADA, or a long term coin investment in ETH or BTC, which you can do through Coinbase Pro (Coinbase is a very easy entry point for newbies, much like Robinhood, but only for crypto).

Their can be only one? I'm mostly in BTC, ETH, ADA and ATOM, but have smaller quantities of GRT, MKR, LINK and XLM. I'd say ETH is probably my coin of choice right now, it's gone up a ton since I started buying it.

ETH has gone up 25% in the past week, 94% in the past month. It only stalled at $4100 for about 24 hours and is already climbing again. IMHO, ETH is about as sure as a thing as there is in crypto right now if you want your investment to steadily increase.

Ha, yes!

Everyone starts with coinbase, they have free tutorials to watch to earn about $40 in lesser crypto coins and you can deposit easily from your bank account.

I'm a fan of both ETH and ADA as investments. I've made a lot more money off of ETH and expect to make alot more, but I'd love to see ADA reach $6 in the next year or two. It's weird how many friends of mine who weren't interested in crypto at all have suddenly bought some ETH in the past couple weeks, there is an influx in demand driving the price up.

This shouldn't effect anyone using Binance US right? Totally different companies from what I understand.

Thoughts on MATIC? I have some friends into it, it's jumped 25% today.

I decided to buy more when it hit $1.95... yeah, it pushed right through $2 and is currently at $2.15. It's had a nice run all week.

While most of crypto is tanking right now (time to stock up on more BTC and ETH), my ADA, MATIC and ATOM are all still climbing. Some friends are big on ONE short term and it seems to be following the pattern of the other 3 currently.

If you use CoinbasePro you can do instant transfers from your bank account and they make the funds available immediately. That's what I mainly use as my entry point, then can transfer crypto directly to exchanges like Binance. CoinbasePro doesn't have all the smaller coins, like ONE, but they do have those other 3.

Yeah, I'm still way up on all my crypto save for the ETH I bought this weekend thinking it wouldn't go any lower. I'll probably do another ETH and BTC buy this week if it continues to drop, I'll buy more ADA if drops down to the $1.80 range.

I only have 7 LINK coins that I bought in the $25-$30 range... a friend is big on it and has 25K invested. It seems to have a lot of promise.

Good info on buying the Crypto dips:

I really need to buy more Matic. I just started research Aave today, sounds like an important coin to own.

How accurate is that site been in it's past predictions? Just a quick glance, it has BTC still under 30 days from now but ETH hitting all time highs, and generally those two coins follow a pretty similar path. It also has Doge at double what it's at now in 30 days.

Well, like 8 or 10 weeks later, Binance US finally verified me for direct deposits from my bank. Yay, that will cut out the fee from moving crypto from Coinbase to Binance.

Nice! I bought 80 coins on May 14, sure wish I bought more. Up 47%!

I really wish I'd jumped on buying ONE back when I made this comment!

I bought more MATIC, ETH and ADA!

These are the all time high prices most of these were at 3 or 4 weeks ago, so in the big picture it's not really that much of a dip. I bet it's fast, so it's smart to see it as a buying opportunity.

Last chance to buy the tail end of the dip, everything is going back up. Still good buying opportunity.

This is the way!

I really thought about Doge too because it doesn't seem to be going away. But my logic brain was still fighting me. I still think it's going to go to .80 within a month, you just have to time selling it right.

I just leave my coins on Binance, Coinbase and CoinbasePro and have since I started years ago. I've always felt the hard wallet was overly complicated and I have a bigger chance of losing my coins using one than I do leaving my money on a well-established exchange. Plus you can earn staking and APR with certain coins on certain exchanges. But I only have 10K in crypto, I might change my mind on this when I have 50K.

I don't buy the analogy. When I play poker, I usually win, because I've spent years reading people and learning the game. When I play craps, it's more random and not a game of skill, but more luck. With stocks, I don't feel it's gambling at all, I invest in companies that make money or have potential for growth, if you invest in the stock market long term it's always profitable, very much unlike gambling. With crypto, it more like investing in start up companies, you are investing based on potential for growth, realizing some will fail, that still seems far more of a successful plan than a game of chance, especially if you do your homework and follow the trends.

I didn't use or log into my Coinbase account for 3 or 4 years in which I switched laptops and phones and had no passwords saved. 6 months ago when I decided to access that account again, it was relatively easy to go through their security protocols, wait through the verification process, and have access to my bitcoin again. I appreciated both the security protocols and the ease of accessing my funds again. Waiting 72 hours probably seems a lot different to someone that's younger or newer to crypto, that seemed pretty normal to me.

"A Mysterious Bitcoin Whale who sold 3000 Bitcoins at 58K$, Bought back 3521 Bitcoins in the last three days"
https://itsblockchain.com/bitcoin-whale-bought-3521-bitcoins/

Is it Musk?

To be fair, the United States government doesn't like crypto either, it doesn't benefit our crony capitalism either.

I bought $800 more of ETH and $200 more of ADA a couple hours off today's dip's bottom. It will be interesting to see what happens over the next couple days.

You are on the wrong thread then.

So is anyone buying right now? I can't see the bottom going much lower. Thinking about scooping up more where the bargains are, but there's alot of red out there.

How often do you actually touch your paycheck, your money in your checking account, your IRA, your pension, your insurance, or your stock investments? Do you have to touch or see something for it to exist or have value? Do you believe in God? Do you live in the modern world?

ADA is currently at $1.35, finally back in the profit zone for me. Wish I bought this dip a little lower, but still pretty happy with how much I picked up while the prices were low IF it continues to rebound.

Nice work, you perfectly timed the bottom. I doubt ETH will ever be that low again.

I'm in on both LINK and MATIC for modest amounts already, excited to see where this can go.

Nice work, I don't have the patience to day trade crypto anymore, but there is certainly money to be made doing that.

Has anyone dove into buying new coins via Uniswap from Coinbase Wallet or Metamask? I'm just starting to see what it's all about an trying to grasp slippage and gas fees and it seems pretty expensive to do a transaction for some pretty chance-y shitcoins, but you do get in early at cheap cost per coin before they end up on exchanges.

Where are you staking DOT at 12%?

Nah, but my crypto investments have gone up over 300% in the past 2 years, if my stock investments had done as well I actually would be retired now!

And it sure beats gold as an investment. Gold has been on a downward trend for almost a year and never been a very good investment.

I think it's always been an old wealthy white people's game. The odd twist is I'm in an investor group of younger people that's entirely focused on crypto and metals. These tech millionaires are buying up silver and gold bars and losing money on it, but their crypto tips have been good. I realize it's a hedge, but I just think investing in metals is a waste of money. Crypto and the stock market will make you more money. But then, I'm not a tech millionaire, so I'm still trying to stack up money to get there.

Can you move money into BinanceUS for free? I'm either taking a hit moving crypto from Coinbase Pro or using a debit card to direct deposit. What am I missing? I can deposit money into Coinbase and Coinbase Pro directly from my bank account with zero fees. I'm trying to figure out how to minimize transaction fees when buying and selling crypto, any advice would be welcome!

Gold mining is one of the most destructive industries in the world. It can displace communities, contaminate drinking water, hurt workers, and destroy pristine environments. It pollutes water and land with mercury and cyanide, endangering the health of people and ecosystems. The people that profit from gold have done a great job about keeping the focus on other industries besides theirs.

https://www.smithsonianmag.com/science-nature/environmental-disaster-gold-industry-180949762/

You seem to keep posting the same thing every day. Why bother? Just to be a jerk or is there something more to it?

What are your crypto moves in today's pretty flat market? I keep adding ADA little by little when it's below $1.50 and just doubled my stake in ATOM on Coinbase because it's pretty low and earns 5%. Still trying to stick to the bigger coins, probably will keep adding to ETH as well.

Loading up on more ADA and ETH, not sure if this is the bottom, but these are good prices.

ADA at 1.16 was a steal, I got it at 1.22.

I'm surprised you panic so much at drops when you've been investing in crypto for many years. I feel like this is pretty normal fluctuations for crypto right now. Stay calm and crypto on.

Yeah, all my coins are up and I'm glad I bought the ADA dip.

Did anyone else buy AMP on Coinbase after doing the quizzes and getting $3 worth free? I bought $100 worth just to see what happens, it's up 5%, but most of my coins are up alot more than that in the past day or two.

I love it when people say "we all know" when they are only speaking for themselves and their opinion is totally nuts.

4 positive days of growth in all my crypto accounts... I like where this seems to be headed.

I'm currently at 50% BTC, 30% ETH, 10% ADA, 5% ATOM, and 5% between MATIC, LINK, AMP and XLM. Still mostly in the big 2, but willing to gamble a bit more with some of the bigger alt coins.

Why not sell it now with a huge profit? Do you think it's going to go much higher? I'm curious. I have a friend that's bought a lot of these kinds of coins, his strategy is to ride the hype and sell quickly. He says their worth is all hype and to make money off them, the most important thing is to not hold too long and to cash out before the hype fades too much. He then moves the profits into BTC and ETH.

My Fidelity account also tracks my Coinbase account with my other investments, which very much legitimizes crypto as an investment.