Scaramucci’s SkyBridge Launching a Bitcoin Fund

[johnarb]

We got that hodling aside, you don't think that there is a lot of FOMO at the moment and cryptos could correct a little from here?

I'm not very good at timing or trading , but to answer your question, I thought we would pull back during this time for taxes and low volume holiday season.

Yesterday we had a nice dip of over $2000+ but drifted higher to currently above $23.7K

It could be a good entry point for a short, for others, of course, not me.

 

[vanzandt]

We got that hodling aside, you don't think that there is a lot of FOMO at the moment and cryptos could correct a little from here?

Yes there's fomo, but no... not yet.

 

[Daxtrader]

I'm a bitcoin and crypto digital assets hodler.

If you're planning to short bitcoin, please do and let us know how it works out.

Why do all creeptos talk like this? You see this on twitter, reddit, etc. Bunch of nobodies with $100 robinhood accounts boasting about their gainzzz. If you were smart, you could've made more money in stocks this year than investing in buttcoin.

"digital assets" fucking lol.

 

[johnarb]

Why do all creeptos talk like this? You see this on twitter, reddit, etc. Bunch of nobodies with $100 robinhood accounts boasting about their gainzzz. If you were smart, you could've made more money in stocks this year than investing in buttcoin.

"digital assets" fucking lol.

Read his post that I replied to. You need to chill, dude, 2020 has been a great year for investing and trading. Everyone's making $$$, stocks, cryptos, etc. Yea, everyone should have bought TSLA, we get it, but some of us didn't and missed out on the gainzzz.

I don't own a single stock nor do I have a robinhood account. I hodl cryptos. That's the name of this forum on ET. You're a nocoiner stalking cryptos forums on reddit, twitter and now here on ET and getting upset over none of your concerns

 

[Pekelo]

I take one look at the Mooch and can tell you this guy is a total clown.

On the Colbert show they made a cartoon of him, but he got fired before they could establish the new idea.

 

[johnarb]

Bitcoin is a crypto digital investment asset compared to gold, a physical investment asset. Both are very valuable.

If you have 10 ounces of pure gold bar, you can sell it and get close to $19K, or you can pawn it and get a smaller amount per the terms you negotiate.

If a person has 1 bitcoin btc, there are more options.

1. Transfer the bitcoin to Coinbase, sell and get over $23K which will be sent to the person's bank account through ACH

2. Deposit to BlockFi and borrow 50% LTV, with the $ amount sent to the person's bank account through ACH
a. Or, don't get a loan and earn interest of 6% APY (payable in btc)

3. Transfer the btc halfway across the world to another person (company). The full $23K+ value will be transferred and the recipient can redeem the value, locally. This can take place in a matter of minutes, even over a great distance, say from USA to Singapore.

Bonus: The person can use the 1 btc to purchase all kinds of stuff from places that accept btc, i.e. NewEgg, buy the latest MacStuff. https://promotions.newegg.com/nepro/16-6277/index.html

There's a lot more stuff going on in the cryptos financial ecosystem, but only the participants are aware and no need to mention here.

When someone is laughing that bitcoin and cryptos are not digital assets, they are clueless or too stupid to understand.

 

[Pekelo]

Bitcoin is a crypto digital investment asset compared to gold, a physical investment asset. Both are very valuable.

But seriously John. Just because people compare 2 things, that doesn't mean they are alike. The same goes for having one characteristics similar.

Some baseball cards are very valuable, are they like Bitcoin? (actually yes, but that is not the point here)

 

[johnarb]

But seriously John. Just because people compare 2 things, that doesn't mean they are alike. The same goes for having one characteristics similar.

Some baseball cards are very valuable, are they like Bitcoin? (actually yes, but that is not the point here)

The reason that gold is being compared to bitcoin is because gold that has been the traditional store of value, inflation hedge, doomsday insurance asset now has a competitor in bitcoin.

Other investment assets can be used as alternatives, too, expensive arts, baseball cards, real estate, etc, but those do not have a very liquid market to redeem the value, very quickly.

On one of my posts, I mentioned that I have a lot of respect for gold as an investment asset after watching a youtube video discussion with Dan Tapiero on gold and bitcoin.

I'm planning to have a small allocation to gold when the crypto portfolio hits a milestone and increase the holding if the pfolio hits other targets. I will be using PAX gold, a crypto token that can be redeemed for physical gold, as it has yield and I trust it more than other gold certificates issued in other markets or gold ETF's.


https://www.paxos.com/paxgold/

 

[heavenskrow]

I'm a bitcoin and crypto digital assets hodler.

If you're planning to short bitcoin, please do and let us know how it works out.

I am as well. It's quite amusing to know how many people are close minded to it. And even when I was telling non investment folks at 9k, it's a good time to get in....they only start talking to me about it after it passes 20k.... Just ignore those close minded folks until they fomo at 100k.

 

[remoteControl]

You don't have to like bitcoin to be bullish. Any trader worth his salt should recognize what's going on here.