Sci/Tech Official Bitcoin to infinity ♾️ thread

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Hauler

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
47,785
59,640
SiLVa_ABCTT said:
I get that, you’ve made it clear. That’s why I’m trying to help you understand it better.
It’s not a stock. And assuming people will treat it like a stock is precisely why you shouldn’t. Because that gives you an edge on those that do. That make sense?
Stocks are controlled by an entity that can make changes. They can split, reverse split, dilute them etc.
That’s not something that can be done with Bitcoin. The supply is fixed. That makes a huge difference in price dynamics of the asset.
Click to expand...
The XRP supply is also fixed, correct?
At a huge amount - and the creators kept half in reserve - but fixed, correct?

I'm not looking to invest long term. Crypto is too volatile for me to be comfortable having funds I actually needed tied to. And I admit - had I jumped on board when I first heard about bitcoin - or even at the beginning of the crypto thread that was created on this site - I could probably retire at this point. Oh well.

But just looking at XRP - which I also know very little about. In 5 days it jumped up 87%. I went with XRP because I looked at that as a greater possibility than bitcoin doing the same - which an 87% spike would represent a price of $180,479

I'm looking at percentage growth that I can - as you stated - convert back to cash and reinvest elsewhere. I understand that's not your strategy at all.

By no means am I saying that XRP is a better value than bitcoin. I'm just saying if you are looking to burn and turn - it's the better option at current levels. At least it was - A sharp pullback at this point wouldn't shock me. It can't continue to climb at the rate it has.
 
Hauler

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
47,785
59,640
I pussied out. Paper hands!
I took my original investment x2 out. Letting the rest ride.

So even if it goes to $0 - the worst I did is a double up. I'll never spit on 100% gains.

Depending on how much it pulls back - if it pulls back - I'll buy more.

Anyone know how this works for taxes? Typical capital gains like a stock?
 
Hauler

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
47,785
59,640
1000010369.jpg

Only 1 explanation here....

Everyone is selling their bitcoin and jumping on the XRP train !!!
 
SiLVa_ABCTT

SiLVa_ABCTT

Active Member
Aug 13, 2024
84
78
Hauler said:
The XRP supply is also fixed, correct?
At a huge amount - and the creators kept half in reserve - but fixed, correct?
Click to expand...
Yeah the (shady as fuck) creators, just look at their history and what they’ve been involved in.
Not sure how fixed the supply is, in reality and yeah and them taking half is ridiculously scammy. If you can’t understand why that is, I can’t help you.
I wish you well on that investment but there is no way I would put any money in XRP.
If you were a family member I would be advising you to cash out and be happy you were lucky enough to profit.
I hope I’m wrong for your sake.
 
Hauler

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
47,785
59,640
SiLVa_ABCTT said:
Yeah the (shady as fuck) creators, just look at their history and what they’ve been involved in.
Not sure how fixed the supply is, in reality and yeah and them taking half is ridiculously scammy. If you can’t understand why that is, I can’t help you.
I wish you well on that investment but there is no way I would put any money in XRP.
If you were a family member I would be advising you to cash out and be happy you were lucky enough to profit.
I hope I’m wrong for your sake.
Click to expand...
I already doubled up on cash.
Everything from here on out is house money and then some.

I got in at $0.47 / coin.
It's up more than that today alone. Haha. Crazy.
 
A

AnotherTMAGuy

Well-Known Member
Aug 13, 2024
575
633
There's a reason why the government is building a Bitcoin reserve. As long as the dollar keeps losing value, the government is going to use btc to keep it up.
 
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