My DCA is hitting at the right time this week.

I am Using coinbase to buy crypto. What cold wallet do you suggest? Not very good with computers so thank you for any advice!!

Backtracked this thread went with the Ledger x. Here we go!

AggielandPoultry said:

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Backtracked this thread went with the Ledger x. Here we go!

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nice, good choice.

check out that seedor kit for backup, I have been really happy w it

https://www.seedor.io/en-int

Will do !!

Sorry if this question has already been answered. What will happen in say 15 yrs when everyone has to covert their existing cash into digital assets like bitcoin if bitcoin is say 10 million + per coin? I just can't wrap my head around how much of a wealth gap it could create. It seems like if you don't buy now or did not buy early you are completely F'ed . Wouldn't that cause major blowback from the general public? Also, I believe we will see a major push back from the average church member thinking this is "the mark of the beast", etc.

AggielandPoultry said:

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Sorry if this question has already been answered. What will happen in say 15 yrs when everyone has to covert their existing cash into digital assets like bitcoin if bitcoin is say 10 million + per coin? I just can't wrap my head around how much of a wealth gap it could create. It seems like if you don't buy now or did not buy early you are completely F'ed . Wouldn't that cause major blowback from the general public? Also, I believe we will see a major push back from the average church member thinking this is "the mark of the beast", etc.

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yea, the "non-technical risk" is something that has been explored to a somewhat large degree on podcasts and such.

The BTC maximalist believe we are literally building a new monetary system to run beside the fiat systems of today.

If you really want to get fun with numbers

https://bitcoincompounding.com/

https://charts.bitbo.io/long-term-power-law/

A good place to start for open discussion



Also, if you really want to get into some interesting topics

https://www.youtube.com/@WhatBitcoinDidPod

AggielandPoultry said:

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Will do !!

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just remember to never share your seed phrase with anyone, never store it digitally, never take a picture of it and you will be just fine.

Should I sell off some of my 401k and buy bitcoin today?

AggielandPoultry said:

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Should I sell off some of my 401k and buy bitcoin today?

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It depends on your tolerance for risk, even today, after 16 years, BTC is extremely volatile. However, if you are not needing the funds for another 8-10 years it might be a good option.

I am not a financial advisor.

I did however just rollover a 401k into the Unchained IRA (the funds go thru today) I am excited about the future.


Just a note, I would not sell it off if that means taking a tax hit, you can easily roll funds from your 401k to a BTC based IRA without occurring a tax hit or penalty

I use Fidelity for my investments. I currently own some IBIT and Etherium shares but also realize I do not "own" thise coins. My fear is that ince Trump gets in office the price is going to skyrocket and I will be sitting here missing out once again on a possible future life changing deal. I just don't know what to do.

FOMO is real, but if the historical charts tell us anything they tell us that there are bound to be more opportunities to buy the dip.

DCA would be a wise approach right now

what do people think about Bexback? Know anything about it? Leveraging bitcoin - offering 100x on return. Long or short term contracts. Sounds too good to be true and a bit risky.

AggielandPoultry said:

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I use Fidelity for my investments. I currently own some IBIT and Etherium shares but also realize I do not "own" thise coins. My fear is that ince Trump gets in office the price is going to skyrocket and I will be sitting here missing out once again on a possible future life changing deal. I just don't know what to do.

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Even if you don't own the shares with something like IBIT, you stand to make gains if bitcoin goes up.

THIS IS A DIRECT MESSAGE TO BRIAN ARMSTRONG!

MR. COINBASE HIMSELF.

YOU EITHER COME CLEAN AND TELL THE WORLD ABOUT WHAT COINBASE AGREED TO WITH THE CORRUPT DEMOCRAT GOVERNMENT,

OR YOU WILL FORCE MY HAND TO REVEAL MANY DARK SECRETS ABOUT YOUR COMPANY!

SOME SAY THESE "ILL…

— ً (@trading_axe) January 9, 2025

AggielandPoultry said:

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I use Fidelity for my investments. I currently own some IBIT and Etherium shares but also realize I do not "own" thise coins. My fear is that ince Trump gets in office the price is going to skyrocket and I will be sitting here missing out once again on a possible future life changing deal. I just don't know what to do.

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I saw your post, went to Fidelity and I was able to open a Fidelity Crypto account and buy Bitcoin there. Very quick set up process and easy to do.

Has it just started?

As Bitcoin diverges from the NASD and S&P 500, it begins to destroy the erroneous but popular belief that it is 'just another risk asset' and will always move in correlation with markets. More investors will then understand Bitcoin as a true stand-alone asset and nearly pure…

— James Lavish (@jameslavish) January 10, 2025

lmao what is this quack talking about? Armstrong has donated a ton of money to Republican PAC's. In fact he has been one of the most vocal leaders about how terrible the democrats in congress and SEC have been to work with.

This is mental to watch on the hourly time frame.
14 green candles for $BTC now.
Never seen anything like this. pic.twitter.com/CKVGvKNVAp

— James Van Straten (@btcjvs) January 10, 2025

XRP is already being used for transactions within banks. Meaning IN the banks. Get it? Do the math on how much money that is if you want.

So that UK guy who threw his hard drive containing $750MM in BTC in the landfill got his bid rejected to be able to search for it. But in that judgement, the conceded that the bitcoin keys, and therefore the bitcoin, is his. This brilliant dude is deciding to tokenize those coins. Pretty wild.

https://www.walesonline.co.uk/news/uk-news/lost-600m-bin-now-hes-30749688

Tfuel (part of Theta universe) exploded +37% last night while my son and I were eating at Olive Garden (don't ask, he's 11 and it's his favorite place to eat).

someone explain to me like I am 5 the difference between XRP and ETH, besides the price

Bag said:

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someone explain to me like I am 5 the difference between XRP and ETH, besides the price

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Asked and delivered compliments of ChatGPT.

Quote:

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Okay, imagine two magic coins: ETH (Ethereum) and XRP (Ripple). They're like different tools in a magic world where people trade, play games, and do cool stuff.

ETH (Ethereum)

• Think of ETH as a magic coin that also lets you build amazing castles. These castles can be like games, apps, or special rules that run on their own (called "smart contracts").
• Ethereum is like a giant playground where you can create and do lots of things.
• It's slower because it's doing many things at once, but it's very flexible!

XRP (Ripple)

• XRP is like a super-fast magic train. It's made just for moving coins from one place to another as quickly as possible.
• It's like a delivery servicesimple, fast, and cheap to send money around the world.
• But it's not as good at building castles; it focuses on speed and efficiency.

So, ETH is like a fun building game, and XRP is like a speedy delivery truck!

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More adult level.

Quote:

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1. Purpose

• ETH (Ethereum): A platform for building decentralized applications (dApps) and executing smart contracts. Its cryptocurrency, Ether, is used to pay for transactions and computational work on the network.
• XRP (Ripple): A digital payment protocol designed for fast, low-cost international money transfers, primarily targeting banks and financial institutions.

2. Speed

• ETH: Transactions take around 15 seconds to 5 minutes, depending on network activity and fees.
• XRP: Transactions are super fast, typically settling in 3-5 seconds.

3. Transaction Costs

• ETH: Fees (called gas) can vary widely and get expensive during high demand.
• XRP: Fees are extremely low, typically just a fraction of a cent.

4. Decentralization

• ETH: Highly decentralized, with thousands of nodes (computers) running the network globally.
• XRP: More centralized, as Ripple Labs created XRP and controls a significant portion of its supply.

5. Supply

• ETH: No fixed supply; new ETH is created through mining (and now staking with Ethereum 2.0).
• XRP: Fixed supply of 100 billion coins, with many held by Ripple Labs.

6. Use Cases

• ETH: Building apps, creating tokens, running smart contracts, and financial tools (DeFi).
• XRP: Primarily for fast, efficient cross-border payments and currency exchange.

Summary:

• ETH is like a toolbox for creating complex systems and apps in a decentralized way.
• XRP is a streamlined system focused on moving money quickly and cheaply.

They're both powerful but designed for very different jobs!

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XRP is the ONLY other coin besides BTC to have regulatory clarity as not being a security. Price for XRP was depressed for a long time as Ripple and 2 of the founders were sued by the SEC.

XRP is designed to move a lot faster than ETH at a fraction of the cost of BTC/ETH. 0.00001 XRP transaction fee on XRP Ledger.

XRP has been around longer than ETH. 2012 for XRP, 2015 for ETH.

The majority of XRP is locked up in escrow by Ripple Labs. ~37.7 billion XRP currently out of 55 billion. Ripple unlocks 1 billion coins monthly. Although I do not think they sell all billion every month. I believe any not sold is put back in escrow.

IF... XRP can become the cross currency medium for banks, XRP could see a huge price increase as scarcity sets in. I personally think that Ripple is going to pull it off. But it has been a long time coming, and could still take a while longer before mass buy in.

Yukon Cornelius said:

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You have a source for that? I've never heard that before

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I'm guessing it's wishful thinking.

1 billion tokens unlocked each month
Scarcity

Pick one

The thing I have yet to see explained is why a bank would use XRP as currency between banks.

Yukon Cornelius said:

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1 billion tokens unlocked each month
Scarcity

Pick one

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Lmao that was my thought

Yukon Cornelius said:

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The thing I have yet to see explained is why a bank would use XRP as currency between banks.

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Maybe not between banks but cross border payments. If I am not mistaken, cross border payments take a long time. I have heard a day plus, but not really sure on that one.

IF XRP is adopted for that purpose, it would take only a few seconds.

Why would a bank entrust or trade their money for a third party token to save on transaction speed?

Yukon Cornelius said:

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Why would a bank entrust or trade their money for a third party token to save on transaction speed?

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Speed? Lower costs? I don't know how cross border payments work.

But if you could tell a business or person I can get the money to whoever within seconds vs day(s), that would seem like a selling point.

Not to mention whatever the cost reduction is for it either in terms for fees or manpower.

Again, I don't know how it all works.

touche