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My bitcoin has been going nutssssssss! Up 70% in the last month and almost 1000% this year! Gimme the loot baby!    Edit: when bitcoin was first developed I started mining it and had al

Meanwhile in NFT land...    

The first rule of crossfit/Crypto: always talk about crossfit/crypto

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Yeah it's been really interesting on Twitter past few days. I think the genesis of the crypto movement has been further advanced by the events of the $GME and WSB saga. 

 

It just comes down to the huge wealth gap in the country. People are tired of it. 

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3 hours ago, wiscotitansfan said:

Will be interesting to see in the upcoming weeks if people who truly do take their money out of Robinhood put that cash into a crypto

 

I imagine a lot of same demographic

Is there a way to see how many different people buy 0.00000001 coin?  LOL

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On 11/4/2017 at 10:11 AM, heyitsmeallen said:

My bitcoin has been going nutssssssss! Up 70% in the last month and almost 1000% this year! Gimme the loot baby! 

:cmj:

 

Edit: when bitcoin was first developed I started mining it and had almost 100BTC in a wallet that I have since lost. I've been digging  through my old Hard drives to try and find that shit because today it is worth close to 750k. I can't believe I lost that shit. FML

Dude you seriously "lost" over $3 million dollars?

 

Not to be a dick, but I've never misplaced a bank account before.

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10 hours ago, abenjami said:

@Supdawg @titanruss and whoever else loves crypto:

 

What other crypto's are you high on other than Bitcoin?

 

And IYO, what makes Bitcoin the one that will survive and crush the others?

 

As far as why I feel like Bitcoin is king and really can't be dethroned? Because it was the first, the creator never cashed out, and it was created because of the 08 market crash and was built to be deflationary in nature. I mean, the US $ has lost 99.998% against Bitcoin over the past 10 years. 

 

Oh, and some of the most absolute brilliant people in the world believe in it. I truly believe that Bitcoin will be worth over 1 million $ per coin within the next 10 years. 

 

image.png.175b55d89cfcd60dedc04a07f0715f55.png

 

For now, ETH continues to have a fantastic use case. The entire DeFi ecosystem is built on top of it plus the billions of $ of stable coins are also built on it as well. 

 

I currently own some AAVE, SNX and LINK. Have small positions in a few other coins not really worth mentioning, but I keep 90+% of my crypto holdings in Bitcoin. I typically trade alt-coins to try to generate more Bitcoin. They are fairly easy to trade as long as you don't try to use leverage. 

 

One of the VERY best plays right now as the stock market is getting really top heavy is moving some of your liquid assets to a stable coin ( USDC ) which is backed 1:1 to the US Dollar and backed by Circle and Coinbase. Very, very little risk here. I actually keep about 75% of my cash reserves on Celsius because I earn 35x more interest than in my money market account here (0.3% vs 10.51% APY) . 

 

- insert my reflink here. 

On Celsius, you earn 10.51% APY on just holding these coins there and get paid weekly interest. 

 

Join Celsius Network using my referral code 196675ee96 when signing up and earn $20 in BTC with your first transfer of $200 or more! #UnbankYourself

https://celsiusnetwork.app.link/196675ee96

Edited by Supdawg
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Okay guys here's my Bitcoin story.

 

Around 5 years ago I quit my job.  I didn't like that I was told to lay off this woman who was a great engineer and made next to nothing.  So I thought - you know what it's time for me to leave this job.

 

I cashed out my 401k and opened the vanguard IRA.

 

And I also decided to explore Bitcoin.

 

I don't want to throw a big money into it but I wanted to learn how it worked.  I started mining.  I joined the mining pool.  I bought an asic miner.  All in all I earn myself about 50 cents of bitcoins in 2015.

 

This is about the same time as mtgox imploding.  I did not take the opportunity to buy more Bitcoin.  And soon I was gainfully employed again and moved on.

 

Recently I decided to track down that old wallet.  I FOUND a backup in my Dropbox. 

 

I had to do a little bit of Internet programming copy and paste to crack that wallet, and there were a few wrong turns along the way.  Plus this is all stuff you have to do yourself.  You can't post your wallet online and ask for help.

 

I FOUND the password.  And so I came into possession of what was now $209 of BTC.

 

A few New York state regulatory related headaches later, $190 is headed for my bank account.

 

Getting a 300% return on my $45 asic miner investment is pretty awesome.  Enough to throw some more in once that trezor wallet arrives.

 

Along the way I've learned that it's pretty easy to lose track of your bitcoins.  Devices go away every few years.  Services go away every few years.  So take care with that.

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On 1/30/2021 at 8:29 AM, Supdawg said:

One of the VERY best plays right now as the stock market is getting really top heavy is moving some of your liquid assets to a stable coin ( USDC ) which is backed 1:1 to the US Dollar and backed by Circle and Coinbase. Very, very little risk here. I actually keep about 75% of my cash reserves on Celsius because I earn 35x more interest than in my money market account here (0.3% vs 10.51% APY) . 

 

- insert my reflink here. 

On Celsius, you earn 10.51% APY on just holding these coins there and get paid weekly interest. 

 

Would you recommend this as a good place to get started with crypto? As someone who’s only watched videos and read articles on crypto, I want to make sure I get started in the right place. 

 

If I was to do what you’ve outlined here with USDC, how do I get those coins out and back into dollars if I need the money for a purchase?

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