Is there a fundamental reason why folks can’t just churn out more cryptocurrencies like bitcoins? I guess new cryptocurrencies are being created everyday, so is there any fundamental reason why they can’t parallel bitcoins? I get that bitcoin supply is limited by design, so the scarcity makes it desirable similar to gold. But other cryptocurrencies can limit their supplies too, right? Or is it because the underlying blockchain technology is unique and cannot be used on other cryptocurrencies? My layman understanding is the technology supports bitcoins but is not necessarily forbidden to be used for creating another cryptocurrency like bitcoin, is it?
I am a changed man. Don’t hold the old ignorant me against the current Bitcoin-pilled enlightened me.
Love it.
I recently bought a little BTC at 46k and ETH at 3.46k. Just for holding long term, no trading. Let’s see if your prediction comes true…
And Josh bought it the day before.
Been buying COIN since it dropped to 220-230 range and it’s one of my biggest holdings. Target 300 easily, maybe even 400-500 in 2 months if bitcoin hits $100k. They are the custodian account for many funds as well as private crypto traders/buyers. They are way underpriced for the growth and earnings they have.
OK. I’m calling $1.1mil in 5 years.
Seriously though the current big wave will probably see Bitcoin peak at 150-200k before doing the usual 80% crash. 1M and beyond may need to wait for the next big one.
Yes, exactly. I’ll start incremental sell above 90k and avg buy below 40k. If it drops to 10-20k, get HELOC for all my investment properties to BTFD.
You two are 4x2 My avg cost is $228
Meanwhile like a dinosaur I bought CRM last month.
Is HOOD good for participating in the Bitcoin mania?
HOOD good for trading and voyager/celsius/etc good for long term holds since they give an interest.
.
Can sleep well with CRM, IMHO, would eventually hit $1T… My sleep well stock is AAPL which I don’t know what might be the appreciation and growth prospect… just like that it is under good hands so far… only needs to casually monitor the news… at my age, capital preservation is more important… some people like to view from the “store of value” angle.
In this bitcoin, 10x and 100 baggers threads, obviously we want to be greedy and aggressive. Crypto and Fintech are all the rage now. So like it or not, need to have some position… I have no idea how long would the craze last though. Other than directly participating in crypto (e.g. BTC, ETH, SOL), exchanges (e.g. COIN), trading platform (e.g HOOD), can also trade mining stocks e.g. MARA. I only have COIN… somehow I get the feeling is not just an exchange… too lazy to deep dive because not much $ in, just have to join in the fun.
Coinbase beta launching nft marketplace. It’s a huge market in the long run.
With metaverse, NFT is huge, COIN has become a must owned stock. I need to drastically increase my holding. Issue is what to sell😬
Easy. Just look at growth, revenue, market cap and earnings between Palantir and Coinbase. Palantir will be back in the teens IMO. Having said that, Coinbase volatility will be a fun ride in the next 5-10 years.
PLTR… I am beginning to lose faith because of the excessive SBC and constant selling by CEO Alex Karp. He doesn’t even bother to show his commitment publicly. He claimed that SBC would be normalized. Who knows? Engineers could be underpaid to show profit before GAAP… this comment applies to many growth stocks… need to deep dive… damn, need time again.