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  1. johnarb

    5 Harsh Truths No Crypto Investor Wants to Hear

    You clearly haven't done your research. You can buy all those things and more with bitcoin. Did you know you can buy an apartment complex or a multi-million $ mansion with bitcoin? Also gold or any PM, any hotel, any flight, any vacation package, any fine arts, any electronics, you should really...
  2. johnarb

    5 Harsh Truths No Crypto Investor Wants to Hear

    As someone who's invested in cryptos and has skin in the game, there are more positive things going for cryptos/ digital assets than negative stuff listed on this thread. Keep spreading fud, though if it makes you feel better about missing out. Bitcoin’s price may be evaporating, but Wall...
  3. johnarb

    Contemplation of a bored mind...

    Good stuff and we agree on many things. I always recommend bitcoin/btc, as that's the one that's the safest of all crypto projects. There are no companies with a true decentralized cyptocurrency project. It's an open-source effort. There are communities that are heavily involved, but no one is...
  4. johnarb

    Contemplation of a bored mind...

    I agree with you for the most part, although there's a lot of scams in the cryptoverse so I'd caution not to listen to the pie-in-the-sky promises of some of these projects. Many things that are being promised don't need a blockchain or a decentralized network, imho. I've been invested in...
  5. johnarb

    Contemplation of a bored mind...

    Sad news. I'm a big fan of Monero, it used to be the biggest holding in my crypto portfolio. I always check binary hashes that are verified with gpg/pgp signartures from Fluffy Pony, the lead dev of Monero, so it would not have affected me. The hacked Monero website still leaves an uneasy...
  6. johnarb

    Contemplation of a bored mind...

    We'll agree to disagree, but we're discussing 2 different trade scenarios. The OP clearly states it's a long trade (i.e. buying AAPL x number of years ago with the intention of holding for a long time or buying gold with no intention of selling until it hits $10K an ounce or 20 years from now...
  7. johnarb

    Contemplation of a bored mind...

    Have you heard of a trading instrument called "options"? In 2013, you could have bought 1 bitcoin for $100 each. All you could lose was $100. In January of 2017, you could have bought 1 bitcoin for $1,000 each, all you could lose was $1,000. Today, you can buy 1 bitcoin for $8,000 and all you...
  8. johnarb

    Contemplation of a bored mind...

    I think both you and Overnight are saying the same thing which is Scenario A, crypto will crash and crypto investors are idiots, that's a fair opinion and you may be proven to be correct. We shall see. However, if we get another crypto bull market, just know that it's not so easy to hodl which...
  9. johnarb

    Contemplation of a bored mind...

    Read a tweet yesterday that I thought was great, but only a crypto hodler would understand or relate to. I've been through the bear market (crypto winter) of 2014 - 2016, and have read stories of the earlier booms and busts of bitcoin - hundreds of percent spikes and 90%+ crashes. In the last...
  10. johnarb

    He bet his family’s entire life savings and mortgaged his home

    Bitcoin futures on ICE (Bakkt) are not cash-settled. Bitcoin/cryptos are good for speculation/trading due to volatility
  11. johnarb

    He bet his family’s entire life savings and mortgaged his home

    Bitcoin has enough value and trust to make this purchase, though http://thejewishvoice.com/2019/11/06/real-estate-developer-ben-shaoul-sells-ues-condo-for-15-3m-in-bitcoin/
  12. johnarb

    Raising the Bar: Announcing Bakkt Institutional Custody

    Bakkt volume has been increasing steadily even when bitcoin/usd price has gone down. I think we'll see another bull market in bitcoin/cryptos within 6 months (not financial advice, dydd). Enterprise-grade bitcoin custody built for institutions A critical link — perhaps the critical link —...
  13. johnarb

    He bet his family’s entire life savings and mortgaged his home

    Cryptocurrencies as a vehicle of speculation is one the best (if not the BEST). I got into cryptos in 2013 and bitcoin went up to over $1200 and crashed down to less than $200. There's no need to have perfect timing! Bitcoin then went to $20,000, then crashed down to less than $4,000, this year...
  14. johnarb

    He bet his family’s entire life savings and mortgaged his home

    I posted an article about Ethereum, a cryptocurrency, on the cryptocurrencies forum of Elite Trader and all I got are responses from crypto-haters. Very interesting... :D Cryptocurrencies, especially bitcoin, are just another form of a speculative, tradeable, digital, investment asset. There's...
  15. johnarb

    He bet his family’s entire life savings and mortgaged his home

    https://www.marketwatch.com/story/he-bet-his-familys-entire-life-savings-and-mortgaged-his-home-for-a-shot-at-millions-now-hes-living-the-dream-2019-11-10?siteid=yhoof2&yptr=yahoo He bet his family’s entire life savings and mortgaged his home for a shot at millions — now he’s living the dream...
  16. johnarb

    Bitcoin Is Better Than Gold For One Simple Reason

    I forgot to give you additional info. There's no monetary reward for running a full bitcoin-node, unless you're running a mining operation or a lightning node, but there is a security and privacy risk. If you're going to run a full node, consider using a VPN or using an anonymous socks proxy...
  17. johnarb

    Bitcoin Is Better Than Gold For One Simple Reason

    Thank you for kind words. Bitcoin is a risky speculative asset to invest in, and investing in altcoin is probably several times more risky (subjectively speaking) due to the fact bitcoin already has the first mover, network effect, market adoption, billions of $ of infrastructure built...
  18. johnarb

    Bitcoin Is Better Than Gold For One Simple Reason

    A full bitcoin node does consume a lot of bandwidth, although, can't say if a monero node consumes more based on observation. I run 3 nodes on my NUC, monero, bitcoin, Tezos (as I'm a baker - miner but PoS). I exceed 1TB of monthly data, good thing my internet is not capped. Sorry, I have no...
  19. johnarb

    Bitcoin Is Better Than Gold For One Simple Reason

    Full nodes. A full copy of the blockchain. I have a bitcoin node at home running 24/7/365 for a few years and I haven't mined since 2013. As they say, if you don't run a full node, you're relying on someone else. Running a full bitcoin node, means you have a copy of the truth. Having said all...
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