iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
20,688 Blog Posts

How Much Crypto Do You Own?

Imaging living thru an era When oil traded down to negative $39 per barrel and not thinking the same collapse could happen to the dollar one day. Imagine that.

The upwards meltup of cryptos continues, as BTC encroaches on $19k and ETH above $500. Even XRP is partaking in all of the glory.

I was a stalwart skeptic in cryptos years ago, only because of the unchecked enthusiasm. Since then, the world has gone fucking crazy. Is it so far fetched now to believe Amazon will join OSTK in accepting purchase using BTC? Considering there is barely any mainstream adoption to B2C transactions, I’d argue we’re literally in the early innings of this run.

My favorite is ETH, due to its ICO exposure. If afraid to buy now, dollar cost average every month, like I’ve been telling you fuckers to do for more than a year.

Most importantly, understand that this run will dissipate and then flag and falter. The point here is to diversify your store of value away from dollars into something alt. Gold is also a fine example, but BTC-ETH is by far more preferable due to its dominance in the black markets and money laundering venues where expeditious transfers are part and parcel of a modern criminal enterprise.

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19 comments

  1. heckler

    Bitcoin is for homos lol

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    • moosh

      Agree…what are you into now, longtermish wise?

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      • heckler

        Well Mr Moosh, honestly the best play is to wait for a dip to like $12.5-$14K and go all in BTC. Beyond that depends. Right now I am mostly just playing the charts for swings in shit coins which is fun and easy to do. I could give you names but can’t really recommend for long term. Look up the larger cap coins that is a decent place to start. There’s not really a working concept of “diversified” in crypto yet and BTC reins supreme if you ask me

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      • heckler

        You could for sure buy some LINK moosh

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        • moosh

          Thanks man. Yeah, I have been slouching on crypto and probably missed the boat this cycle. I figured things were getting weird when random friends were messaging me about xrp taking out btc for good from all of the youtube videos they watched a few weeks ago

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          • heckler

            Dude it sounds so crazy but $100k BTC will probably happen in the next 1-2 years

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          • asteroids

            Answer the Fly’s question. I own BTC. Picked it up when it was cheap. I prefer XMR as an alt coin play. I view BTC as complementary to gold.

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  2. tradercaddy

    Sitting here fast charging my EV north of Jacksonville while Fly provides the reading entertainment.

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  3. tradercaddy

    I put about 140 miles into battery and it took about 45 minutes to complete at a cost of a little over $12.00. Took a drink and bathroom break.
    There are a number of free L2 chargers all over the place but puts in 25-28 miles per hour into battery.
    I have one of these in my garage.
    The battery capacity is 259 miles per EPA but it all depends on weather and mph speed. I have gotten as much as 300+ miles when weather is good and I am using regenerative braking and as little as 220 miles going 70 mph with the a/c on.
    Sorry for long answer.

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  4. fidel cash grow

    I have almost as much crypto (mostly BTC) as I have equity in my home (which I’ve owned since 2010).

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  5. benbernanke2020

    AstroTools is an easy 10x for people ready to hold it for 3 months.

    app.astrotools.io/pair-explorer/0x7df4a1d4a8d8390bef36f311252423cce04e5647

    You can buy it through their platform via their
    uniswap interface.
    Here’s the case.

    Dextools is a competing project trading at a 10x multiple of astro marketcap. They offer a slightly better interface but fucked up their data processing and the price isn’t always right.
    https://www.dextools.io/

    Astro is releasing their updated platform on Nov 30th and are planning to do a release per month at least. The token economy is sound with a limited supply and access paid for with the token. They are also considering adding monthly fees which will have an appreciating effect on the token price due to reducing the supply without an added selling pressure.

    If you are looking to get involved with the project, reach up on their discord

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  6. itsgold

    Probably another top – or another disaster on the horizon.

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  7. emersonlakepalmer

    Have exposure through MSTR

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  8. purdy

    ..also, sadly for this American, consider investing in those countries that embrace crypto (e.g., Japan) and diversifying out of the country that stands to lose as its reserve currency loses that status. Add some won, renminbi, and maybe some dong-base investments and companies. Diversify into countries and currencies that have smart hard-working people and out of countries that subsidize underperformance based on identity. And most critically, diversify out of the country that invests in counterproductive wars.

    Do all the above while protesting our insanity and while hoping I’m wrong.

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  9. Mr. Cain Thaler

    Mmmm hydrogen plays are delicious. BLDP, NLLSF, FCEL.

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  10. CoinSpeak

    98% of my net worth.

    All in BSV.

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