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black4vcobra

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All ya gotta do is look at it's history of continuous ATH's to understand all you need to know.

Yup. It really is mind boggling that some people still think all crypto is going to zero.

Even Dave Ramsey thinks it a scam but I guess he's just old school and doesn't see the upsides to crypto.
 

98SVTContour98

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LOL


FD1nb6OXMAc04t2
 

q6543

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I completely restructred my crypto portfolio today. Just thought I'd share.

It's not exactly market cap weighted... but skews heavier to the top, like a traditional portfolio would.

10% goes into the top 5 holdings.
I.e. BTC, ETH, SOLANA, CARDANO, DOT

and then skews down 5% from #6 through #15
i.e. LTC, ALGO, POLY, AVAX, BCH, LINK, etc.

This should pretty much be a bulletproof just add water type of deal.
Rebalance quarterly... maybe yearly.

I'm on coinbase pro now too, sick of how much I paid in fees to coinbase.
Need to get a binance account as I shouldn't overlook BNB being the true #3

Anyways thought I'd share my personal longterm strategy.

Went pretty heavy too, 65% stocks, 30% crypto, 5% emergency cash.
 

black4vcobra

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Anyone hold (or even heard of) Beyond Protocol? I got a buddy who is convinced that he's going to be a multi-millionaire someday.

It's kinda a pain in the ass to even buy though - buy Bitcoin on Binance and then possibly trade for Beyond Protocol - and it seems like it has a high likelihood of just fizzling out.

Also I already have accounts on 3 exchanges, do I really want a 4th.
 
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98SVTContour98

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Anyone hold (or even heard of) Beyond Protocol? I got a buddy who is convinced that he's going to be a multi-millionaire someday.

It's kinda a pain in the ass to even buy though - buy Bitcoin on Binance and then possibly trade for Beyond Protocol - and it seems like it has a high likelihood of just fizzling out.

Also I already have accounts on 3 exchanges, do I really want a 4th.

looks interesting but I haven't really read up much on it....but...you can buy it on UNI SWAP and dont need a new exchange account or anything to do it.

It's also on BitMart

Think you can only use ETH to buy it
 

Weather Man

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A single tweet drops BTC 6% and now debate is raging over whether tether is a $48 billion dollar scam. I wonder if the crypto bubble popping pops the equity and housing bubbles. It will be quite the ride.
 

me32

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A single tweet drops BTC 6% and now debate is raging over whether tether is a $48 billion dollar scam. I wonder if the crypto bubble popping pops the equity and housing bubbles. It will be quite the ride.
Yup it will be.
 

jvandy50

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A single tweet drops BTC 6% and now debate is raging over whether tether is a $48 billion dollar scam. I wonder if the crypto bubble popping pops the equity and housing bubbles. It will be quite the ride.
which tweet?
 

Weather Man

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which tweet?

Bitcoin under pressure after Twitter CFO comments on crypto​

Nov. 16, 2021 8:03 AM ETBitcoin USD (BTC-USD), TWTR,SQTSLA, MSTR, ETH-USD,BNB-USD,SOL-USD,ADA-USD,SHIB-USDBy: Liz Kiesche, SA News Editor52 Comments

Bitcoin Cryptocurrency trends Graphs and charts

Vertigo3d/iStock via Getty Images


  • Bitcoin (BTC-USD), along with most other cryptocurrencies, drops after Twitter's (NYSE:TWTR) CFO said investing some of the company's capital in crypto assets such as bitcoin "doesn't make sense right now."
  • Bitcoin (NYSEARCA:BTC) fell as low as $59.2K overnight, its lowest level since Nov. 1, according to CoinMarketCap.
  • The world's largest cryptocurrency recently traded at $60.1K, down 8.2% over the last 24 hours. Ether (ETH-USD) drops 10% to $4.24K, Binance Coin (BNB-USD) slides 10%, Solana (SOL-USD) falls 9.2%, Cardano (ADA-USD), dips 8.3%, and Shiba Inu (SHIB-USD) declines 9.6%.
  • Meanwhile, Twitter (TWTR) shares rise 0.3% in premarket trading.
  • "We [would] have to change our investment policy and choose to own assets that are more volatile," Segal said in an interview with the Wall Street Journal.
  • In addition to the volatility, the absence of accounting rules specifically for crypto assets is another deterrent. In recent months, large U.S. companies have urged the Financial Accounting Standards Board to create rules on how to treat cryptocurrency assets, the WSJ said.
  • The notable exceptions of companies choosing to keep bitcoin (BTC-USD) on their balance sheets are Tesla (NASDAQ:TSLA), Square (NYSE:SQ), which is headed by crypto proponent and Twitter CEO Jack Dorsey, and MicroStrategy (NASDAQ:MSTR).
  • Earlier this month, Twitter (TWTR) set up a team focused on crypto, the latest push by Dorsey to move further into decentralized finance and digital assets.
 

cobracide

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Actually it was more than just one tweet.

  • One of the biggest bits of news affecting crypto today comes out of China.
  • The National Development and Reform Commission (NDRC) announced today that it plans to continue its restrictions on crypto.
  • That includes efforts to weed out crypto mining companies in the country.
  • One of the biggest issues listed is the energy consumption that goes into mining cryptocurrency.
  • This is at odds with China’s plan to be carbon neutral by the time 2060 rolls around.
  • Energy concerns also have Kazakhstan considering additional measures against crypto.
  • This could include additional taxes and regulations on crypto miners.
  • That comes as the country deals with the extra stress that crypto mining is putting on its energy grid.
  • While staying on the subject of infrastructure, the new bill signed into law by President Joe Biden is also affecting crypto today.
  • This law includes new definitions for “broker” that could see extra taxes for crypto traders.
  • That’s part of an effort by the U.S. Government to raise additional revenue by taxing crypto.
  • Adding to this extra stress on crypto are recent statements from Twitter (NYSE:TWTR) CFO Ned Segal.
  • He says that investing in crypto “doesn’t make sense right now.”
  • That’s due to the volatile nature of crypto and Twitter typically prefers to make more stable investments.
  • This cryptocurrency news is surprising considering Twitter founder and CEO Jack Dorsey is a fan of crypto.
  • All of this news resulted in Bitcoin (CCC:BTC-USD) briefly dipping below $60,000 this morning.
  • It’s worth noting that when BTC rises or falls, other cryptos typically move in sympathy with it.
 

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