Bitcoin is still early

[xraygoggles]

because I want more bitcoin

Gotcha. I need greenbacks to pay my bills. I rely on stablecoin/muni bond income for my bills these days.

[xraygoggles]

Just too lazy after a 2.5 FTE day

You mean in terms of productivity? Just curious what that entails for your shift....

[Otolith]

With all the alts up just almost as much as BTC that tells me it's a bubble. Just like a few years ago. question is the next major correction or pop of the bubble will it include ETH and BTC?

How do i know crypto is poised for a pop or correction? I started to get FOMO about this time in 2017 and put in money and lost, thats why I am scared to get back in now haha

[Jack_Sparrow]

I hopped back into Bitcoin back in the 39k - 44k. I think Bitcoin will end up dominating and keep rising. In 2018 I went to Thailand and you could pay for your hotel in Bitcoin. Who knows what else you can do with it over in those countries. Its starting to become "actual" currency not just some speculative ponzi scheme were you just sell to whoever the last sucker was to buy in. I think SQ is making a push to make it main stream here in the US. With all the big boys jumping in now to Bitcoin, I think it will just continue to rise as its a universal/global stock. Every country can buy into it. I'm holding till it hits 100k. I'm in for 1.4% of my portfolio.

[Panscan]

With all the alts up just almost as much as BTC that tells me it's a bubble. Just like a few years ago. question is the next major correction or pop of the bubble will it include ETH and BTC?

How do i know crypto is poised for a pop or correction? I started to get FOMO about this time in 2017 and put in money and lost, thats why I am scared to get back in now haha

Why does that mean it’s a bubble ? The alts have pretty much always done well when btc has.

[Lordosis]

Gotcha. I need greenbacks to pay my bills. I rely on stablecoin/muni bond income for my bills these days.

Have you transitioned to full time bitcoin trading? Or am I missing a joke?

[jacoavlu]

Gotcha. I need greenbacks to pay my bills. I rely on stablecoin/muni bond income for my bills these days.

don’t you have a job?

[NapoleanDynamite]

blockfi and hodlhodl are very different in my view. I certainly would not call the latter “more conservative”

Let me clarify...I see hodlhodl as more conservative because the lender controls the terms of their money for lending....and all loans are over collateralized with Bitcoin placed in an "escrow" account. You also control 1/3 keys to the escrow account. 2/3 keys are needed to unlock the over collateralized portion BTC. The decentralized nature of these loans and the over-collateralization is what makes them "more conservative" in my opinion. I don't have to rely on Blockfi to not over-leverage my money. I can see the Bitcoin in the "escrow" account and call on it if the borrower fails to make good on their loan payments. hodlhodl acts as the middle man in any dispute resolution to ensure loans are paid.

Based on my current financial situation, I end up holding a significant amount of cash throughout the year and making a very large tax payment every December. If I could make 5-20% on this cash throughout the year it would be like making an extra 1-2 months of income for the year. I am looking hard at both of these ventures, but have not yet dipped my toe in the water. I will likely be pulling the trigger on something very soon. Will keep you posted if I do.

[Brains428]

Otolith there are 4 year trends for BTC that follow halvings. Probably not in bubble territory for the major assets like BTC and ETH for another couple years. It's just the runups and drawdowns are not small, so the corrections are significant. Probably why it's best to hodl at least BTC, maybe etherium. The alts will rise and fall until apps running off of them take off, and if NFTs become a thing.

In regards to my job- it's one of those tradeoffs with all things- work more on days working to have more time off. Hire less to have a larger piece of the pie. The volume could be less if we worked more days or hired more people. It's a split in the group as to if that should occur (I'm in the camp of harder days, less days working).

About 25 CTs/MRIs that I read yesterday were to get ahead for today, so some of the wounds are self inflicted.

-- back to our regularly scheduled programming

[jacoavlu]

Let me clarify...I see hodlhodl as more conservative because the lender controls the terms of their money for lending....and all loans are over collateralized with Bitcoin placed in an "escrow" account. You also control 1/3 keys to the escrow account. 2/3 keys are needed to unlock the over collateralized portion BTC. The decentralized nature of these loans and the over-collateralization is what makes them "more conservative" in my opinion. I don't have to rely on Blockfi to not over-leverage my money. I can see the Bitcoin in the "escrow" account and call on it if the borrower fails to make good on their loan payments. hodlhodl acts as the middle man in any dispute resolution to ensure loans are paid.

Based on my current financial situation, I end up holding a significant amount of cash throughout the year and making a very large tax payment every December. If I could make 5-20% on this cash throughout the year it would be like making an extra 1-2 months of income for the year. I am looking hard at both of these ventures, but have not yet dipped my toe in the water. I will likely be pulling the trigger on something very soon. Will keep you posted if I do.

Yeah I understand the platform but hodlhodl for you and me doesn't have anything to do with owning bitcoin. We could use hodlhodl owning no bitcoin. You and I would be lending out cash. There's nothing you or I are doing on the platform with bitcoin we are holding.

[chucki]

Looks like a lot of radiologists into btc. I wonder if there's a link due to the technical/digital nature of the field (PACS, computers, online work) and the inherent digital nature of the asset.

[xraygoggles]

don’t you have a job?

Sorta, but that's in flux. Anyways, my goal is to rely exclusively on investment income for my bills.

[xraygoggles]

Have you transitioned to full time bitcoin trading? Or am I missing a joke?

No, I've indexed the vast majority of my portfolio. Slashed crypto exposure by 80% (mostly DeFi and shitcoins). Gone full boomer in my 30s.

[Panscan]

Looks like a lot of radiologists into btc. I wonder if there's a link due to the technical/digital nature of the field (PACS, computers, online work) and the inherent digital nature of the asset.

also probably the only doctors that can sit around all day and look at this stuff to be frank

[Nysoz]

and rural surgeons that see like 4-6 patients a day 4 days a week