And to add, repetitive graph, I've made a good amount with them! Saw similarities and kept surfing.
24 and 100K on the side
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Ok guys, I will make one remark for the crypto bro's. For large sums, let's say f**k you money, so that you don't have to work anymore.
It is stupid to keep everything in crypto. Just see what the ultra rich do, they diversify.
If something goes wrong you can start from scratch. A friend of mine had nearly 3MM$ or more in crypto and tokesn. Lost most of it during the crash, and had to sell when the price was low.
I have told him the same. Diversification is king.
It is stupid to keep everything in crypto. Just see what the ultra rich do, they diversify.
If something goes wrong you can start from scratch. A friend of mine had nearly 3MM$ or more in crypto and tokesn. Lost most of it during the crash, and had to sell when the price was low.
I have told him the same. Diversification is king.
I hate this cheap cliche but here it fits so be it... bitcoin, not crypto
is there counter party risk? hands off... simple as that
The ultra-rich people I know of do NOT diversify AT ALL!
I urge you to REALLY watch this about diversification....99.99% of people think about this the wrong way and get it wrong....
Zero concerns! None whatsoever! They are there for a purpose. The purpose = UTILITY!
Easy to pay someone. Easy to receive payment. That's it! Like CASH! *BUT* don't fantasize about laws/justice/courts/fairness etc. etc.
Do you want to keep CASH in your house? No F*cking way! Your wife may invite her friends who will steal it or blab that you have cash in the house and the next thing you know you have an armed home invasion on your hands. Cops may execute a search warrant on the WRONG house...once they see the cash, you are NOT getting it back (unless you are Putin and have Nuclear Weapons).
Circle Confirms Freezing $100K in USDC at Law Enforcement's Request. CENTRE froze $100,000 in USDC in response to a request from law enforcement, the group said Wednesday.
Money in a bank, exchange, or centralized institution is a 2 out of 3 multisig! The feds/cops/judge have one signature and the bank/exchange/centralized institution the other. You got jack sh!t! It's THEIR money now! Remember, we (the West) have PLUNDERED the world, so, to plunder those here that we feel don't "deserve" the fruits of their labor is a piece of cake! What are we going to do? Shoot it out with LE?
This ain't the movies, my friend! 🙄
Fine if you think so. In my friends case. It was 2017/2018 it went from 20k$ to 4k$. Sure it is back right now.
He had to sell a lot, because he payed all his bills from BTC and also his company needed capital and he had to sell BTC to fund it as well. So burned a lot. Not to speak of Shitcoins which can go down by 100x.
I'm intrigued by these stablecoin allergies. What are the downsides or risks? Compared to the 70+% downside risk on BTC, and the frozen account risk on banks/EMIs.
Yea, law thugs do the same with bank accounts I think? But at least your ERC20 wallet won't freeze itself and demand KYC or SOF.
Last edited: Nov 9, 2023
I follow the RIPCORD blockchain:
RIPCORD Blockchains: distinguishing blockchain value from blockchain bulls**t.
100% correct on this: They do ALL the time! See above & I sleep better knowing my BTC (or XMR) isn't centralized. YMMV, of course. My appetite risk isn't that high.
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