Bitcoin is still early

[chucki]

https://www.bloomberg.com/news/artic...-crypto-surges

This is just the beginning.

In the end
It was inevitable

Beat me to it. Keep stacking.

[fatlittlepig]

Good idea in 2 different ways: allocate half to each (and not just all btc), consider DCA-ing small sums monthly, weekly etc. You will likely be very happy you did.

50 bucks? Why bother, add a couple of zeros.

[xraygoggles]

So, in hindsight, Michael Saylor is a freaking genius. He sure has some clairvoyance skills - he started the snowball and now other companies will follow suit, as expected. It sure helps that Tesla is the next one to hop in!!

[xraygoggles]

50 bucks? Why bother, add a couple of zeros.

50 bucks > 0 bucks.

This is WCI forum after all, people aren't willing to YOLO like some of us daredevils here.

[chucki]

I listened to the WCI podcast with a FA a couple weeks ago and she was advising people not to buy crypto. Her logic was we don't know much about it so it doesn't hold a place in a portfolio. I found it to be very bad advice. I could tell she was clearly ill-informed and I think she would have been better off telling people that she doesn't know much about it and DYOR. At least WCI has some knowledge and came to his own conclusions on the blog -- albeit I disagree throroughly.

[xraygoggles]

The problem with saying "crypto is bad" or whatever is that it's too generalizing. It sounds like something a Boomer who is out of touch and completely misinformed about this sphere would say. Changes in society don't happen because the older generation wills them in - it's the younger crowd, always, throughout history. Cryptocurrency is no different IMO.

A store of value like Bitcoin is completely different than say, Aave, a decentralized finance project on the Ethereum blockchain, that is basically like a bank on steroids: it allows users to depoit, borrow, leverage, stake, and farm for yield their crypto assets. Saying those two things are the same makes no sense.

[CordMcNally]

So, in hindsight, Michael Saylor is a freaking genius. He sure has some clairvoyance skills - he started the snowball and now other companies will follow suit, as expected. It sure helps that Tesla is the next one to hop in!!

It's still a little premature to tell whether or not his move is going to be a good one or bad one.

[pierre]

So Tesla says they want you to buy a car with BTC and the price goes up. But haven't most people here (and in general) said they don't want to spend there bitcoins on things and regret doing so in the past?

[chucki]

Smart people aren’t spending their Bitcoin right now. Unless you’re a whale, and that’s how you live. Or you’re in the third world, and that’s how you feed your family.

[G]

Ah, yes, the price must be up as there is copious posting on the bitcoin thread.... Awesome gains! Days like this fill me with great irony given the claims that BTC is currency. People would literally be losing their minds if they woke up and found that the greenback was 15% stronger against the yen...or conversely everything was suddenly 15% more expensive on your vacation.

Incidentally, happy to see that CNBC finally took BTC out of the "FX" tab and made a new one just for crypto.

Is anybody looking forward to the Coinbase IPO/direct listing?

[burritos]

Without being facetious, imo, I think it's safe to say that the tesla and btc fans were/are right.

[Lordosis]

Hodl!
Stay strong!
It is never going to drop!
To the Moon!!!!

[G]

Without being facetious, imo, I think it's safe to say that the tesla and btc fans were/are right.

For BTC: Right about what? That it is currency? That it will supplant the dollar? That it is a stable store of value? For sure they were/are right, so far, about the price going up. Who knows? Betamax and Laserdiscs come to mind.

TSLA is interesting, isn't it? https://www.chicagotribune.com/busin...2ly-story.html

[burritos]

For BTC: Right about what? That it is currency? That it will supplant the dollar? That it is a stable store of value? For sure they were/are right, so far, about the price going up. Who knows? Betamax and Laserdiscs come to mind.

TSLA is interesting, isn't it? https://www.chicagotribune.com/busin...2ly-story.html

That I should have bought it. I was told to buy Tesla and BTC. I failed to listen. Just my opinion. I've been wrong before as you can see. But if I'm wrong now, then I was right then?

[formerly_cn]

What other crypto assets are people holding besides BTC / ETH? Would be interested to know anything interesting / innovative.