Yes buddy i stay with the big boys because when you get scammed or the “big” exchange you trade through goes bust you be the first ones to cry out for regulations to come help you lolz dont worry though nothing personal We all learn that way hahaaha let me guess you do NOT use the big banks either ?? You use down town bank incorporated? Because its open 24/7 Lol
No, my friend, Wells Fargo is my bank, hated BofA, so changed banks many years ago. Bitcoin is a new digital asset, only 11 years old. It's not meant to be part of the traditional markets, it's an experiment, as imprinted on the genesis block of bitcoin "headline of Financial Times second bailout for the banks" When I handle cryptos, I use Linux, and VM's, and encrypted communications and encrypted storage, always have local wallets for storage of private keys for the cryptos, and only leave small amounts at exchanges for as long as necessary, not longer. But in my normal life, about the same as everyone else I guess, I work a regular job, but my investment portfolio is 100% cryptos, not stocks or real estate
Hey man, sounds more sophisticated than me but i tell u what for me and u Once you made what u consider rich in investment then it counts besides that its all talk this applies To everyone
It's all good, wouldn't consider myself rich, maybe when portfolio is 7 figures or higher, hoping it's this year if we hit a bull market in bitcoin/cryptos. But if it stays here, I'm fine with it, have made so much $ more than I ever imagined I would have working a regular job. Crypto portfolio is worth mid $200K, but considering it started from $7-9K (ca 2013), went to $50K (ca 2014), crashed to ~$6K (ca 2016), went to over $800K (ca late 2017/early 2018) crashed to $50K (ca late 2019), back to where it's at. These are all cryptos, so anything can happen, valuation is latest prices which I check a couple hundred times in a day, lol. Luckily cashed out some $ in late 2017 and 2018, paid taxes. Good luck.
I dont understand why dont u use options? Now that they got them or were they not around back then on cryptos?
I think options came out much later but did not want to get involved with it, as it was, had to sit down with tax accountant to figure out the reporting since (yea, I know), these are unregulated securities, as I'm dealing with actual coins that exist on the blockhain public ledger. If there's a big mistake that I made, it's that I did not use a stablecoin. There was so much controversy with USD Tether at the time and it soured me on all stablecoins, but now ready for the next bull market. Stablecoins like USD Tehter are like regular coins but are supposed to be always $1 each, they are Ethereum ERC-20 coins, so can be stored in any Ethereum wallet, so if I trade $100K worth of my portfolio to $100K of USD Coins (stablecoins by Coinbase/Circle), then leave them there after a few years still should be worth $100K even if bitcoin crashes down to $100 per bitcoin.
Interesting i shall pick your mind one day i do NOT believe in anything coin but i believe that the public is a power full force and today i bought in my very inactive account about 17 different stocks for 17 diff companies related with bitcoin/block chain etc etc
Crypto bugs will have the last laugh: the whole stock market is gradually evolving into a gambling hall divorced from any fundamentals. See TSLA at $800. There's an exponentially growing pile of investment dollars trying to tap into the same barely-growing river of income. Some of those dollars will find homes in an increasingly broad and nutty array of schemes and scams.