General Discussion
BITCOIN
4/24/21 @ 4:43 PM
Displaying 1 to 15 of 912 posts
BTC is in an interesting spot...
I read BTC articles most days, and typically feel educated on what is going on both positive or negative.
BTC interests me, so it's easy / enjoyable to research.
Presently, I don't have a strong conviction about whether BTC is going up or down in the near term.
Long-term I have confidence, but at present it's more about when to buy.
Interestingly, I did just buy some more BTC, It's a bit higher than I would like, but it is what it is I guess...
I purchased a fair amount of Riot back in March of 2025 when it was 7 dollars a share, and just sold it a few days ago for 24 a share, and I dumped the profits into BTC.
I believe RIOT still has upside potential, but the 200% gain territory has passed, and I believe in the next year bitcoin has better upside potential than RIOT.
I read BTC articles most days, and typically feel educated on what is going on both positive or negative.
BTC interests me, so it's easy / enjoyable to research.
Presently, I don't have a strong conviction about whether BTC is going up or down in the near term.
Long-term I have confidence, but at present it's more about when to buy.
Interestingly, I did just buy some more BTC, It's a bit higher than I would like, but it is what it is I guess...
I purchased a fair amount of Riot back in March of 2025 when it was 7 dollars a share, and just sold it a few days ago for 24 a share, and I dumped the profits into BTC.
I believe RIOT still has upside potential, but the 200% gain territory has passed, and I believe in the next year bitcoin has better upside potential than RIOT.
J4I,
You can use an exchange such Kraken or Coinbase, or you can buy a share of someone else's crypto by buying BTC off of Robinhood or similar.
From my perspective if you have $50,000 or less, I believe you're better off staying on a platform like Robinhood. There is no seedphrase to remember, no keys to lose, and you can turn USD into bitcoin, or bitcoin into USD in less than a second by clicking a button. We've all heard about the folks who lost money in bitcoin because they lost their keys / seedphrase. Robinhood you don't have to worry about that happening. Also Robinhood moves their crypto into cold storage so it's not live, which really reduces your risk of loss.
Just my two cents, but everyone has their preference.
44/45,
That's exactly how it works. Attached is my screenshot from Robinhood, (I cleared the dollar values) as it really isn't relevant. It shows you what your view would be.
Let's say BTC was 100k. If you purchased $20,000 worth of bitcoin, you'd own .20 coins. If bitcoin went up to 200,000 your 20,000 investment just became 40,000, if bitcoin went down to 50,000, your 20,000 just became 10,000!
Hope that all makes sense. Let me know if you have any questions, happy to help :)
You can use an exchange such Kraken or Coinbase, or you can buy a share of someone else's crypto by buying BTC off of Robinhood or similar.
From my perspective if you have $50,000 or less, I believe you're better off staying on a platform like Robinhood. There is no seedphrase to remember, no keys to lose, and you can turn USD into bitcoin, or bitcoin into USD in less than a second by clicking a button. We've all heard about the folks who lost money in bitcoin because they lost their keys / seedphrase. Robinhood you don't have to worry about that happening. Also Robinhood moves their crypto into cold storage so it's not live, which really reduces your risk of loss.
Just my two cents, but everyone has their preference.
44/45,
That's exactly how it works. Attached is my screenshot from Robinhood, (I cleared the dollar values) as it really isn't relevant. It shows you what your view would be.
Let's say BTC was 100k. If you purchased $20,000 worth of bitcoin, you'd own .20 coins. If bitcoin went up to 200,000 your 20,000 investment just became 40,000, if bitcoin went down to 50,000, your 20,000 just became 10,000!
Hope that all makes sense. Let me know if you have any questions, happy to help :)
Easiest way is thru a bitcoin ETF(exchange traded fund) of which there are several. I use IBIT and I can buy and sell anytime from laptop or tablet or phone just like buying and selling a stock. Price of IBIT today is $45 and IBIT tracks bitcoin with near 100% accuracy. You can do this thru your brokerage account such as Schwab or Fidelity. Schwab seems easiest to deal with and they have a few local offices throughout the state in case you need someone to talk to.
Bitcoin is doing what Bitcoin does (over and over again), has seen 1.7 billion in inflows from Spot ETF's in the past 5-days, and is up 29% in 3-months.
Currently sitting around 80k. The next significant resistance is around the 84k mark.
If it can hold on, it will likely keep on going, but if it can't, could go down a fair amount (some analyst are predicting as low as 50k.) Always interesting to watch.
I'm holding for now, but if BTC approaches anything near 50k, I'll be a buyer again!
Currently sitting around 80k. The next significant resistance is around the 84k mark.
If it can hold on, it will likely keep on going, but if it can't, could go down a fair amount (some analyst are predicting as low as 50k.) Always interesting to watch.
I'm holding for now, but if BTC approaches anything near 50k, I'll be a buyer again!
Seeing that many of the prez's campaign promotions in 2024 involved making crypto more popular and useful as a tool of freedom Iran is helping make it all happen. Iran, a most prescious ally of the prez when it comes to crypto reportedly collecting $1 per bbl or $2 miilion per tanker passing thru the Hormuz to be paid in Bitcoin. At least one tanker heading to China pd in Chinese Yaun.
RK,
The clip that you linked to is premised on China's plan to devalue the U.S. dollar (which I absolutely believe they're doing btw)
Any country with a currency as devalued as china risks complete insolvency if they allow BTC. So of course they banned it, but that was in 2021 and hasn't slowed bitcoin. In 2026 they strengthened the ban but no one cares, it's old news...
BTC can not be manipulated by a central bank of any kind anywhere, and certainly not by any country. That is the whole purpose behind BTC, decoupled from any country or government control.
China can't do anything about BTC as it's not tethered to the U.S. Dollar.
The clip that you linked to is premised on China's plan to devalue the U.S. dollar (which I absolutely believe they're doing btw)
Any country with a currency as devalued as china risks complete insolvency if they allow BTC. So of course they banned it, but that was in 2021 and hasn't slowed bitcoin. In 2026 they strengthened the ban but no one cares, it's old news...
BTC can not be manipulated by a central bank of any kind anywhere, and certainly not by any country. That is the whole purpose behind BTC, decoupled from any country or government control.
China can't do anything about BTC as it's not tethered to the U.S. Dollar.
I know no one can predict the markets, but this guy sure speaks with conviction.
https://rumble.com/v76uu0o-china-just-banned-crypto-forever.-global-war-for-a-digital-currency-monopol.html">https://rumble.com/v76uu0o-china-just-banned-crypto-forever.-global-war-for-a-digital-currency-monopol.html
https://rumble.com/v76uu0o-china-just-banned-crypto-forever.-global-war-for-a-digital-currency-monopol.html">https://rumble.com/v76uu0o-china-just-banned-crypto-forever.-global-war-for-a-digital-currency-monopol.html
RK,
The dollar is very much more at risk than bitcoin itself, based on the video that you linked to. If what's detailed in the video comes to pass, the US dollar will be sitting in a bad position.
That said, BTC is not backed by the dollar. An example of a Dollar based coin would be Tether, which is backed by cash and treasury assets.
Interestingly, Bitcoin was designed to be the opposite of the U.S. Dollar or fiat currency.
While the dollar is a fiat currency (backed by the "full faith and credit" of the government), Bitcoin is a decentralized digital asset that operates independently of any central bank or government.
BTC's value is based on scarcity, demand, decentralization from any government or bank, and proof of work.
None of those come into play with what the video claims China is doing (which I don't doubt they're doing by the way)
The dollar is very much more at risk than bitcoin itself, based on the video that you linked to. If what's detailed in the video comes to pass, the US dollar will be sitting in a bad position.
That said, BTC is not backed by the dollar. An example of a Dollar based coin would be Tether, which is backed by cash and treasury assets.
Interestingly, Bitcoin was designed to be the opposite of the U.S. Dollar or fiat currency.
While the dollar is a fiat currency (backed by the "full faith and credit" of the government), Bitcoin is a decentralized digital asset that operates independently of any central bank or government.
BTC's value is based on scarcity, demand, decentralization from any government or bank, and proof of work.
None of those come into play with what the video claims China is doing (which I don't doubt they're doing by the way)
Displaying 1 to 15 of 912 posts
