Originally Posted by rydogg58:
I keep seeing people talk about this. I literally have zero clue what it even is. Point me in the direction of somewhere to explain what it is so I can read it and pretend I'm interested in what my wife is looking at while pushing the cart at Kirklands. Thanks.
I have 2 buddies that have close to a billion safemoon each.
I'm planning on just living off their wealth if it ever goes big. :-) [Reply]
Safemoon has an interesting concept. It's value is in holding long as there is a 10% fee on withdrawals. Half of the 10% is distributed among coin holders and the other 5% is burned. This eventually draws down the number of coins theoretically making the price increase. [Reply]
I had 40 pct of my Net Worth tied up in Crypto until last Wednesday. Now I need to figure out what to do with 500k USD. I was so worried about the tone of Elon's tweet I sat out of a televised on YouTube poker stream to get rid of 1/3 of my BTC immediately (after hodling for nearly 7 years). I found out about it about 32 min after, and BTC tumbled from 56k to 45k in a matter of hours. I expected it to quasi recover but continue to bleed. Now Elon basically just acknowledged that Tesla is going to sell its remaining BTC holdings.
Think I got a good amt out at the right time. Probably should have sold 75% of it instead. Guess Ill be holding the bag on the rest. Hopefully we'll have another big pump in two years and we can publicize mining in areas that have renewable energy to appease the hippies. [Reply]
Originally Posted by BWillie:
I had 40 pct of my Net Worth tied up in Crypto until last Wednesday. Now I need to figure out what to do with 500k USD. I was so worried about the tone of Elon's tweet I sat out of a televised on YouTube poker stream to get rid of 1/3 of my BTC immediately (after hodling for nearly 7 years). I found out about it about 32 min after, and BTC tumbled from 56k to 45k in a matter of hours. I expected it to quasi recover but continue to bleed. Now Elon basically just acknowledged that Tesla is going to sell its remaining BTC holdings.
Think I got a good amt out at the right time. Probably should have sold 75% of it instead. Guess Ill be holding the bag on the rest. Hopefully we'll have another big pump in two years and we can publicize mining in areas that have renewable energy to appease the hippies.
If you'll take that 500K and invest it all in AMC right now you'll be worth 4 billion shortly.
"Not a financial Advisor"
BTW ... I'm surprised you let Elon control your portfolio when he has NOTHING to do with actual bitcoin. [Reply]
I think the answer is pretty simple... profit off mass hysteria and buy the dip. Long term BTC is going to do what it does regardless of a Elon tweet or a Tesla dump. [Reply]
Originally Posted by lewdog:
Guess I shouldn’t have liquidated all my stocks to put in crypto last week.
If you invested in ADA, you are still green. Real green. It's held up better than anyone through these Elon power trips. Now is a great time to buy ADA. [Reply]
Oh god safemoon just released a video about their wallet with a card you can pay with and on the screen where you pay it said aprooval. Great makes me feel really good [Reply]