trunk you've been wrong for years and continue to be wrong.

For you, maybe crypto currencies are not an asset class to be in. You seem to be super slow at learning the real value regardless of the trading cycles.

Yes, I was holding FB (purchased at $44) when it first broke $200. Then it retraced to $135 (as many there said the end of the world was coming). Now, it's around $330.... yes, ouch. That hurts me soooo much. And now I even owe more in capital gains taxes, when I choose to sell. LMAO

The point you don't seem to get is that whether your gains are in crypto or in stocks, if held over 1 year, are simply capital gains.

I hardly see the fear in paying capital gains when the time is right for each individual investor to sell their assets.

For you, it sounds like you prefer to pay short term gains (if you actually make any.... lol) as you buy/sell every week, every month (according to you). If that strategy works for you.. great. Enjoy.

It's your argument of creating fear in HODLer's simply because they owe taxes is what holds NO WATER.

Some just don't do well in math.........

Again, you fail to understand your own reasoning.....

Ok, let me simplify this for you.

You take $20,000. Invest $10,000 in AMZN a few years back and invest $10,000 in BTC a few years back.

Now they are each worth $100,000. You owe cap gain tax on $90,000 for each investment. The same "money COMES OUT in the form of selling and liquidity goes away". The same "tax money rarely comes back".

Your point seems to be, that if you make a ton of money in crypto... you will owe a lot in taxes. If you pay your taxes.... you won't have that tax payment money to invest elsewhere.

Sold! I'll take the gains. And, there is no difference in making a ton of money in crypto OR a ton of money in stocks.

Almost nothing cracks me up more than people who bash crypto's than seeing these types of arguments.

Think about it..... wow, life must really suck when you make so much money that you OWE capital gains tax..... LMAO.


I will be SoooooOOooo happy to pay those taxes as I gradually cash in many many 1000% gains. and we haven't hit 6 figures on bitcoin.... yet!


Take a step back and say the same thing about AMZN, FB, GOOG... you name it. Because I may have to pay taxes... I better sell or never buy those. I would really hate to MAKE money on my investments.

When you talk 9 figures.. it must be in the negative so you don't have to pay taxes.

I've been accumulating GBTC since split adjusted very low single digits.

You've been equally wrong there.... lol

Is this the same kind of bitcoin "struggling" you claimed back at $8,000?

Too funny. You use the word struggling when it's near the low in a trading range after a pull back.

Pretty soon it will be "struggling" to hold $75k

Classic how wrong some can be year after year. Not learn anything. Continue to bash... LOL. They will still be saying this is going to 2k when it breaks 100k later this year.

Investors3, you are spot on, from your post.

You also said this was going to $2k last year.

Sorry but you need a new crystal ball.

This is true. If China really cracks down on the miners in China, that makes all other miners MORE profitable. The exact same number of bitcoins are produced every 2016 blocks. It is just adjusted by dividing the bitcoin into the power remaining on the network to calculate the payout.

We will see how long the China crackdown lasts. They have done this before.

The daily transactions on blockchain.com do not see all real transactions.

The BAKKT network which is primarily owned by Intercontinental Exchange (the owner of the New York Stock Exchange) together with Starbucks and Microsoft utilize their own internal network to manage all transactions within the BAKKT network on a daily basis and then they consolidate and reconcile to the main blockchain at night. This allows them to handle a much larger volume of transactions without latency. Blockchain only sees the overall net change once a day with necessary differences between internal to BAKKT exchange and the external blockchain.

I suspect this happens with many of the exchanges like coinbase and especially on purchasing networks like square.

Thanks for the dip. Added more today.

I wasn't expecting a dip to this level but will benefit long term.

Good luck all

I bought below 30k (but not recently... lol)

Actually, it does stand for Hold On for Dear Life 'ers. It is meant to identify a group of investors.

Wow, nice action for traders who do their homework.

From nearly $30k back to $40k. Nice bounce. That was the fastest Bitcoin has ever gained $10k.

For those of you that claim the end is near..... LMAO. However, if you are simply playing the game and trading the panic/fear, good luck.

I am simply averaging up and enjoying the ride.

lower than a couple million maybe

so will bitcoin

Agreed! LOL.

Last bitcoin mined scheduled for 2140 (if memory serves me correct).

I've been mining for years and have enjoyed multiple cycles so far.

I wonder if Trunk thinks the internet will go away also?

trunk, you have been saying Bitcoin is going to zero for years. You were suggesting people sell all their bitcoin at $8,000. Bitcoin takes a dip from $60,000 down to $47,000 and here you are, still saying it is going to zero.


You might eventually be right but so far your track record is dismal.

BTC recovering nicely now. INTV will follow over next couple of days.

Mining profits are screaming. I am speaking from experience.

SWEET, COIN to start supporting DOGE in 6-8 weeks. I don't particularly like DOGE as a long term stable currency (yet) but COIN was loosing a lot of trading fees by NOT supporting it.

This is huge if true. Did they give a date?

Bought more BTC today. Thanks for the dip.

Goldbuffalo,

Spot on. Not only does the traditional banking system use FAR more in energy consumption, crypto mining is primarily on electricity based on renewable resources (solar, wind, hydro). Most of the coal driven mining is in China and they are trying to transition to solar as fast as they can.

Maybe this false tweet will push the US toward more renewable energy investments. We can do better still.

Hey Luka,

There are many good exchanges that you can sign up with. I would say the first thing to do is find a insured exchange in the country you pay taxes.

If you are in the USA, there are a few more limitations based on what state you live in.

The "know your client" requirements are done at the exchange level by some of them. Sometimes you can start your account and not have to do the KYC until you want larger transaction sizes. Generally, this is done at the account establishment these days.


Since you are interested in Bitcoin and Ethereum, those are available from most exchanges.

Binance
Coinbase
Kraken

I think these are the largest ones in US.

Ok, who crashed the BTC market and why? LOL.

Here we go again. Pull back, neigh sayers come out in droves, rebound, when are we going to hit $70k.......

Looks like we are on to the next mini cycle which I will guess, peaks around June 2nd well above where we are now. I will say above $60k.

Any other takers?

Even though I am a holder of COIN, I do like seeing the price test around the $250 area. This bodes well for the long term since this was about the range the shares should have opened at on IPO day.

Looking to triple down around this price.

My guess is after about two quarterly earnings calls, COIN will be well above $400 and not look back.

Good luck all

Kflawn,

Mining of bitcoin has a built in "difficulty" factor built into the payout calculations. This creates a system that has an auto adjustment that self corrects for cost of electricity and cost of equipment.

This difficulty factor is adjusted for bitcoin, every two weeks or 2,016 blocks mined. The difficulty factor is just adjusting for how much computing power (hashrate) is actively mining on the network.

So, as a "miner", you rent your computing power to the network (joining a pool) so your hardware is used in the mining process. As a miner, you are paid based on your hashrate times the payout which is determined by the fixed number of bitcoins added to the network (new bitcoins for mining) divided by the total hashrate operating on the network.

What this does is create an equilibrium or basically a "profitability" point for each miner. This profitability point changes over time with the cost of equipment, operations, and electricity.

As the number of bitcoins paid out (referred to as reward) to mining operations, gets cut in half (approximately every 4 years), this indirectly creates a need for the price of bitcoin to rise. However, it is a self correcting network. Basically, if the price of bitcoin doesn't rise enough for the mining payout received to cover your costs of operating and a recovery of your investment, the miner turns off their equipment. This reduces the total hashrate on the network which increases the bitcoin reward for the remaining machines mining on the network. The reverse is also true. Currently, bitcoin has gone on quite the rise in price from one year ago (last fall it was around $10k). This is making a large profitable margin on current operations which drives up the purchasing of newer and more powerful equipment which then gets added to the network which then drives the difficulty factor up to reduce the payout.

I have been mining or part of mining operations for 7 years now and have gone through 3 cycles of price spikes and halvings. I have watched and been a part of decisions to turn equipment off and to bring on new equipment.

Good luck

It is much safer for a larger position as it is purely a fee driven cash flow play on a booming space.

Ironically, I think this allows an avenue for people not as much into the actual technology of crypto, to participate in this space.


good luck

Best news I've heard today. At least Facebook has some credibility and integrity. 45 was banned for a reason and that didn't change. Considering he is still pushing the same lies in front of the microphone, how could anyone possibly expect him not to break TOS agreement again.

I wonder if all the haters will show up.

Wow, Nebby, hard to believe we are on the same side on this one.

Picked up more of COIN yesterday. Still have some in reserve if it dips towards $250 again.

Looks like a good secondary play on crypto's but COIN will profit with either direction of crypto currencies price. The more volatile, the better for COIN.

Agree ap17, 6 figures is a matter of when. I estimate within the next 4 months.

Your kidding right?

How am I angry? I've been mining multiple crypto's for years and am well diversified. I've enjoyed huge spikes in multiple crypto's including dogecoin. I am just a realist. I continue to acquire (via mining) doge and am thrilled it is doing what it's doing. I am holding 50% for the ride. Just suggesting some people should research to understand the differences in crypto. That allows one to really enjoy what is happening. On any investment, you don't make money or lose money... until you sell.

Enjoy

If the alt craze continues, there is likely a pleasant surprise for mining operations like INTV that most holders don't realize is happening.

This is somewhat nuts and I would venture to guess it will be short lived, but any mining operation that is large enough, is also likely diversified in some of their mining machines. Many of the mining machines and pools allow the miner to do dual mining at the same time. In the past, the dual mining was negligible because you were gaining some basically worthless alt coins that had no real market value. You just kind of opened an account and let it accumulate.....

Today, I did some math and have proven that any litecoin mining operations that are dual mining (dogecoin happens to be the only available option for dual mining while mining litecoin), the dogecoin payout alone is approximately double the earnings of the litecoin mined. In other words, if INTV was 65% profitable operations on their litecoin equipment, they are currently running above 200% profitability.

I am exchanging dogecoin in for bitcoin for long term hold because I don't think it is sustainable at this rate.

On top of that, I also know INTV exchanged a lot for Chainlink which is also up huge from when they posted their purchase(s).

INTV holdings will likely surprise when they get released. Just a little bonus for those who can hold through the dip.

Good luck all

Ok, you all are nuts, but thanks for the dogecoin hype.

I would caution all to only play with what they are willing to lose in dogecoin. Or, diversify into other crypto's and enjoy the ride.

Today, I offloaded 50% of my doge holdings that I could access. This is ridiculously priced but I am mining and acquiring more daily so ..... keep it up. I will continue to cash in on high spikes and convert to bitcoin for long term holding.

It would change my mind if coinbase would change their tune and allow dogecoin wallets and trading. I have used three different foreign (to the US) exchanges so far with dogecoin. I was completely scammed out of $50k worth from the LIVECOIN.NET hack in 2020 (the russians got that one). I am currently frozen out of my dogecoin holdings in an exchange in south america (I had used them for 4 years and all of a sudden they care where I am from...they don't like the US so much). Kraken won't allow me to open an account due to living in Washington State. I have a third account that is, so far, allowing me to trade dogecoin and store in a wallet. This exchange, however, froze my xrp so there's that. And I consider ripple to be more legit than doge.

Anyway, keep it real, enjoy the sunrises and sunsets.

Good luck all

Added more COIN here. Still looking for other entry points over the next 30 days.

Nice call. Since options expired today, I suspect a fairly good uptick over the next 5 days or so. Pattern has held the last 4 option expiration periods.

Stocks 24/7, don't want to take all the wind out of your sails but let me give you some information to chew on.


I own both Bitcoin and Dogecoin (along with many other cryptos) and recognize each for what they are.

Bitcoin was the original crypto currency and has a mathematically limited supply that can never change. This makes for a very good vehicle for a digital store of value.

Dogecoin was created as a joke and has an increasing and unlimited supply with relatively no sensible control. This, in fact, makes this a horrible "store of value".

Second, Dogecoin, due to these properties, is not recognized by most major exchanges in the United States. Especially if you live in certain states where some big exchanges won't let certain citizens maintain accounts. I have held dogecoin at multiple international exchanges. One was hacked in 2020 and I lost approximately $60k worth of dogecoin. Never to be recovered again. In another exchange, I went to trade my dogecoin and they had frozen my account due to new regulations of that exchange that required them to "Know Your Client". Once I gave them proof of who I was and where I lived, they gave me 14 days to remove my assets (because I lived in the USA). Of course, I was able to move my bitcoin from this exchange easily but they have frozen the ability to withdraw Dogecoin for all of their clients at a system level (why do you suppose?). The account is frozen so I can't trade it for bitcoin and then withdraw it and they won't let me withdraw it straight into my third active dogecoin wallet. I am not alone trying to work with the second exchange on withdrawing my dogecoin. Many complaints are posted on their website. Hopefully, I can move these assets soon.

Given all of this, I seriously doubt Dogecoin will ever be established as a viable store of value for the general world.

Yes, the price will be manipulated by the occasional Elon tweet, but it will never be maintained, IMHO.

Enjoy the ride but diversifying may be a wise decision for serious levels of assets.

Just to be clear, investing in bitcoin is almost identical to mining bitcoin except for the cost of mining spread to the price.


I invest in straight bitcoin (buying through an exchange with a transaction fee) and also mine bitcoin with bitmain miners. It cost money to buy the bitmain miners and cost money to pay for the electricity to run the miners. During the three year cycle between 2017 and 2020, the cost of electricity (operational cost) compared to the value of the bitcoin mined had a large enough margin to recover full costs of the miners and still turn a modest profit. During 2021, with the substantial increase in bitcoin price, all the coins mined have now turned very profitable considering I didn't sell any to cover costs. It was basically a forced investment over time.

You seem to brag about "never invested" and even call it "fake bitcoin" yet you say you "earn it free". If it is fake and not worthy as you seem to imply, why mine it then? Also, why waste investment in equipment, time for setup, network/internet cost, managing the mining pool rewards, and paying for electricity, if you don't like the reward given you?

Bitcoin just broke through $57k again and heading higher. I think you missed this call.