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Thread: Blockchain Tech and Cryptocurrencies

  1. #241
    Quote Originally Posted by deacphan View Post
    i don't invest with dickbag managers.

    an etf of the 10 next biggest cryptos after btc chained to market value would be awesome. don't think there's a legit way to do that other than pooling money with friends. think you'd need a decent portfolio to actually do it right, though.
    I was wondering about such an etf but found nothing. OGB investment pool? Iím in.

  2. #242
    I'm in for 15 in the "bitcoin investment trust". It's worth about 35 after 6 weeks.

  3. #243
    Finally sold some to cover my initial outlay. Playing with house money now

  4. #244
    Quote Originally Posted by Screamindemon3 View Post
    Would have been a loser here
    Depending on your definition of ďthis weekĒ

  5. #245
    Quote Originally Posted by deacphan View Post
    i don't invest with dickbag managers.

    an etf of the 10 next biggest cryptos after btc chained to market value would be awesome. don't think there's a legit way to do that other than pooling money with friends. think you'd need a decent portfolio to actually do it right, though.
    We've actually got a group trying to put something together like that over the next few weeks. Combined we've got maybe $1 million in crypto ... not huge from a fund standpoint but enough to give some flexibility and weather some risk. We'll see how it plays out, the logistics are proving to be somewhat difficult. We may end up keeping everything separate but using a collective strategy.

    And Davor is the next big ponzi/lending platform, if anyone wants to make some money over the next few months.

  6. #246
    Quote Originally Posted by 2&2 Slider To Leyritz View Post
    We've actually got a group trying to put something together like that over the next few weeks. Combined we've got maybe $1 million in crypto ... not huge from a fund standpoint but enough to give some flexibility and weather some risk. We'll see how it plays out, the logistics are proving to be somewhat difficult. We may end up keeping everything separate but using a collective strategy.

    And Davor is the next big ponzi/lending platform, if anyone wants to make some money over the next few months.

  7. #247
    My personal viewpoint on all of this:
    The market is more efficient than anyone could have previously predicted - two hedge fund buddies sold a $55M btc position in 30 minutes last week.
    The market is rapidly maturing - futures trading may be feared as a source of volatility and potential shorts, but it ultimately represents a logical entry point for institutional money. Asset managers understand the bubble implications but are being pressured to establish a bitcoin/crypto position.
    Crypto is one of the better ways to get exposure to blockchain today, but the best blockchain investments are yet to come. If you are investing in cryptocurrencies solely as a blockchain play, stay on the sidelines.

    If you are not invested in cryptocurrencies today, but want exposure, I would strongly recommend;
    1) dollar cost averaging - the markets are volatile, don't try to time them. Sign up on Coinbase, set up a recurring purchase (weekly or bi-weekly) as a natural hedge against rapid price moves
    2) do not invest more than 5% of your liquid net worth in this 'asset' class. Said differently, you have to be prepared to lose your entire investment. I believe that btc could be at 25K in 2-3 months and 50K by the end of 2018 and eth at $1k by Q2 2018, but there is an equal risk of total loss.
    3) find three people that know cryptocurrencies in and out and follow them closely; don't pay attention to media coverage or guys like Mark Cuban who opine on everything

  8. #248
    #ClawsIn #ManUp
    AnonymousDeac's Avatar
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    Quote Originally Posted by Deaconwallst View Post
    3) find three people that know cryptocurrencies in and out and follow them closely; don't pay attention to media coverage or guys like Mark Cuban who opine on everything
    Who are your 3?

  9. #249
    Nonny is my 1, 2, and 3

  10. #250
    PM a mod to cement your internet status forever
    PhDeac's Avatar
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    SD3, you got enough cash to buy the Panthers yet?

  11. #251
    Quote Originally Posted by PhDeac View Post
    SD3, you got enough cash to buy the Panthers yet?
    Nope, I have paid off my Ireland trip and engagement ring just from December gains though. Good start. Let's see what January holds and maybe I'll bid in Feb.

  12. #252
    Quote Originally Posted by Screamindemon3 View Post
    Nope, I have paid off my Ireland trip and engagement ring just from December gains though. Good start. Let's see what January holds and maybe I'll bid in Feb.
    This is actually a lie, I only cashed enough to cover the trip and around 30% of the ring. Left the rest in there

  13. #253
    I disagree with you
    ImTheCaptain's Avatar
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    and by ring you mean North Carolina Panthers

  14. #254
    I'll probably rename them the Charlotte Panthers tbh

  15. #255
    Just seems like a scam and bubble. Sure, people can make (real) money...until it collapses. In the end, more will lose than gain, probably.
    I love mankind...itís people I canít stand!!

  16. #256
    Quote Originally Posted by ConnorEl View Post
    Just seems like a scam and bubble. Sure, people can make (real) money...until it collapses. In the end, more will lose than gain, probably.
    What makes you say that?

  17. #257
    lol. OK, sorry.
    I love mankind...itís people I canít stand!!

  18. #258
    How is that different than anything else on earth?

  19. #259
    Seriously?

    I think there are things such as companies that make stuff that is sold. Goods, services, etc. That are sustainable. And not scams.

    Better to look at things like KKD or PRMW when they were in the low single digits. Risky, sure, but real companies making and selling a product with some (realized now--certainly in the case of KKD and probably in the case of PRMW) chance to recover.
    I love mankind...itís people I canít stand!!

  20. #260
    Quote Originally Posted by Deaconwallst View Post
    If you are not invested in cryptocurrencies today, but want exposure, I would strongly recommend;
    1) dollar cost averaging - the markets are volatile, don't try to time them. Sign up on Coinbase, set up a recurring purchase (weekly or bi-weekly) as a natural hedge against rapid price moves
    1.5% in and 1.5% out is a pretty big cut off the top.

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