Viper only go up in value

[golfer15]

I know a guy, who has a cousin, and his cousin's best friends, friends brother said, that the cars value might go up !!

[Lawineer]

I've heard that if you ask any 10-12 year old, that you would learn that their digital assets are far more important to them than any physical items. They don't care much about their clothes, their toys, etc. as much as they care about their digital clothes, toys, etc.

I have a 10 year old and I know this to be true. Her Roblox avitar and the clothes, homes, cars, etc. that her avitar gets to use in the game are absolutely her most cherished items. She does chores to earn Robux which can only be used in the Roblox world of games.

So, yes, this stuff is incredibly hard to get your head around if you're my age. But it's not for those that are born into it.

And I obviously prefer the real but, again, its not really about me. I'll be gone by the time this stuff gets really wacky. But it will be very normal for the younger generations. And just like I saw the Internet come to life in the late 80's with the Prodigy console but could not afford to do anything about it at the time, I get to watch the second coming with an ability to do something about it this time.

If you want to see a glimpse of the Metaverse that will be, you should watch Ready Player One. It is required reading/watching for anyone learning about crypto.

How big professional video games are and their championships are blew my mind.

[Scott_in_fl]

^^^ Yeah, nuts. I can't understand it, but the kids love it apparently.

[Lawineer]

yup, and it's silly to think that's not going to be bigger part of the world.


Again, my grand parents would see absolutely no interest in a message board (which is like 0.01% of internet entertainment). I am 37 and making tik-tok videos for attention from strangers is pretty odd to me.

Next 40% dip, I'm going to double my position. I'm probably too late to the game to 100x my money, but 10x my position means I retire.

[Scott_in_fl]

10x for the Level 1 platforms from these levels should be easy within 24 mos., 100x within 5 yrs. if you bring in gaming altcoins. And it gets stupid if you want to look out 10-20 yrs. for even BTC and ETH. It's all about the time horizon for each category imo.

Waiting for dips to time entries is a losing proposition in my experience. I like the "blind DCA" approach -- set a schedule every week, month, etc. and just blindly add to all of your positions. Make it manageable because, as you know, the inevitable dips can be stomach turning. This is an infantile market at this stage and the movements can be silly, so why lose sleep trying to trade an irrational market? In the long run, I think you can do very, very well. At least that's my approach, and my prediction

[Lawineer]

I dont see that being reasonable, just due to their market cap, but hey, I've been wrong about this stuff more than right. IE: No way Bitcoin ever becomes a 20 trillion dollar marketcap. That's like the value of the entire Fortune 50 combined, let alone 100x where it is now (1.5T)

[Scott_in_fl]

I dont see that being reasonable, just due to their market cap, but hey, I've been wrong about this stuff more than right. IE: No way Bitcoin ever becomes a 20 trillion dollar marketcap. That's like the value of the entire Fortune 50 combined, let alone 100x where it is now (1.5T)

The market cap of the entire Fortune 50 is likely 90% made up of three or four companies. It is extremely top heavy. So, in theory, the question is "could BTC exceed the market cap of the Top 5 US companies combined?"

Also, there is plenty of money in financial markets that can move around (and more being printed every day). Gold is an $11T market, worldwide bonds are a $120T market cap ($46T just the US).

Factor in very low current levels of BTC adoption, and anticipated fiat inflation over the next 10 yrs and $20T may not be such a reach.

[AAA96]

What is the best (security, insurance, fees) crypto trading platform?

[Lawineer]

Coinbase pro and kraken are probably your best bets.
Coinbase is easier to get money into. Kraken let’s you stake stuff. I’m gaining 12% on my dot and 6% on my Sol. Adds up quickly.

[Racingswh]

What is the best (security, insurance, fees) crypto trading platform?

For trading coins I use Coinbase Pro. Seems to work okay. I know that Binance US has lower fees and a different selection of coins. Buy and hold with staking available Kraken is a good choice too.

If you are going to trade coins I think you need to look into some kind of automated trading software which will come up with a Google search.

Happy to chat about it if someone is interested in getting into it as a hobby. For me it's like a game that I play in the background while I work.

I never try and hit it out of the park on any single coin. I like mitigating my risk and am okay with hitting a bunch of singles. it still adds up fast.

[usmcfieldmp]

Well damnit all. I've been using Coinbase for almost a year now... never saw or heard mention of a Pro option.

Almost looks like a ton of my complaints about the basic version are addressed in Pro.





https://www.investopedia.com/coinbas...se-pro-5120704

[Racingswh]

Well damnit all. I've been using Coinbase for almost a year now... never saw or heard mention of a Pro option.

Almost looks like a ton of my complaints about the basic version are addressed in Pro.





https://www.investopedia.com/coinbas...se-pro-5120704

Well that sounds like a positive point learned.

I was on Facebook browsing a Viper enthusiasts page when someone mentioned their Crypto investments were going to be paying for their car. They kept saying Doge, over and over. I was always a skeptic with my nose to the daily grindstone which hasn't been all that bad to me. I looked into it and could not believe what I was finding. Had to try it for myself to see if it was real. It's not much of a departure for me from my daily job so it was a good fit and I found it fun. The biggest hurdle I had to get over was the minute to minute volatility.

My only regret are the missed opportunities of the past because I was closed minded. If I had just paid attention more when they (60 minutes maybe?) were talking about the young man who was mining and investing in Bitcoin. Showing the computers he was using to do it. Talking about the electronic wallet he used to keep them. All seemed like they were speaking a different language at the time and I just tuned it out because it wasn't my perceived traditional way of thinking. Won't happen again. It's a changing world.

[pMak26]

No boat has been missed. Less than 5% of the us population currently invests in crypto. The potential is massive and its still early.

Totally understand. What I mean is in ~2017/18 I was considering building a serious machine to mine bitcoin. I was ssooo close to going "all in" on the idea, then I backed out. My brother did and clearly it's paid off. I'm into crypto now, but I'd probably have an F40 in the garage if I did that initial $10k plan. Sure loads of people can say that though. Fortune favors the bold. I took the safer route and can't complain though, life is good.

BTC hit a new high yesterday.

[usmcfieldmp]

The biggest hurdle I had to get over was the minute to minute volatility.

This was definitely a hard lesson learned for me early on. I'd check in and see that what I invested in was down 20% that day and I have a bit of an "oh shit" moment. Two days later and it's up 40%.

Loopring has been a pretty steady earner for me in the past week or so. Up 55% over the last 24 hours; 168% in the last week. I only wish I'd put more into it.

[Blue09]

https://news.slashdot.org/story/21/1...puting-problem

"If current progress continues, quantum computers will be able to crack public key cryptography," writes CNET, "potentially creating a serious threat to the crypto world, where some currencies are valued at hundreds of billions of dollars."
If encryption is broken, attackers can impersonate the legitimate owners of cryptocurrency, NFTs or other such digital assets. "Once quantum computing becomes powerful enough, then essentially all the security guarantees will go out of the window," Dawn Song, a computer security entrepreneur and professor at the University of California, Berkeley, told the Collective[i] Forecast forum in October. "When public key cryptography is broken, users could be losing their funds and the whole system will break...."

"We expect that within a few years, sufficiently powerful computers will be available" for cracking blockchains open, said Nir Minerbi, CEO of quantum software maker Classiq Technologies.

The good news for cryptocurrency fans is the quantum computing problem can be fixed by adopting the same post-quantum cryptography technology that the computing industry already has begun developing. The U.S. government's National Institute of Standards and Technology, trying to get ahead of the problem, is several years into a careful process to find quantum-proof cryptography algorithms with involvement from researchers around the globe. Indeed, several cryptocurrency and blockchain efforts are actively working on quantum resistant software...

A problem with the post-quantum cryptography algorithms under consideration so far, though, is that they generally need longer numeric encryption keys and longer processing times, says Peter Chapman, CEO of quantum computer maker IonQ. That could substantially increase the amount of computing horsepower needed to house blockchains...

The real quantum test for cryptocurrencies will be governance structures, not technologies, says Hunter Jensen, chief technology officer of Permission.io, a company using cryptocurrency for a targeted advertising system... "It will be the truly decentralized currencies which will get hit if their communities are too slow and disorganized to act," said Andersen Cheng, chief executive at Post Quantum, a London based company that sells post-quantum encryption technology.

[Scott_in_fl]

^^^ Well then your bank accounts are screwed too because everything is stored with digital records. The only "safe" place to keep assets would be your mattress and garage it seems. Lots of stuff for sale in that last post.

[Lawineer]

Lol, if I had the power of modern computers a decade or two ago, I'm sure I could do some pretty crazy stuff too.

They'll improve security. It's not like they're oblivious to all this. Cyber security is a 345 billion dollar industry per my first google search. They're not going to just say "well, crap. Quantum processors are out. Guess we all need to find new jobs" while the entire world collapses.

As Scott said, virtually every single financial instrument and security process is digital and encrypted. I'm sure you could more easily access my safety deposit box through a digital break than a physical break in (ie: make fake ID, passport, whatever, encode the strip, get my password, pin etc and go to the bank and say I lost my key). Don't get too excited though. The only think in there is my Dad's watch that Muhammad Ali gave him that probably isn't worth much more than the cost of storing it.

edit: on a related note, a much bigger security threat is deep fakes. They can basically make a video/audio clip of anyone doing or saying anything so good that you'd never be able to tell if it's real or fake. I'm sure a computer can, but not people- which creates a real problem because our processors are a lot more difficult to upgrade.

As a criminal defense attorney, it's terrifying. I've had some pretty smart clients do some pretty wild stuff with computers. I recall one debriefing with every agency you can think of FBI to Homeland Security to Secret Service to Texas Rangers. A classmate was bullying him at school so he framed him as making a ploy to assassinate a dignitary. They quickly figured out it wasn't the dipshit bully- only because he was too dumb to do this. They figured out it was my client, but only because that's the only person the bully could point to. Ended up getting an extremely lenient deal in exchange for him telling them how he did it (and about 200 other criminal offenses they didn't know he did including sending gay porn from a judges' email to his court administrator and making it look like it was accidentally sent to the wrong person).

Now imagine that kid with the ability to make a video or audio recording of that bully actually doing something. Possessing drugs, possessing money, bragging about a rape, bragging about a robbery, etc. "It wasn't me." Okay, here are three videos of you admitting to it and two videos with you with the money. Or not even criminal acts- just super embarrassing stuff.

[Scott_in_fl]

Yikes, that is scary!!!

I always think keeping an eye out and trend-following billionaires (to the extent possible) is a wise idea. Whenever I read about things like what you have described with deep fakes, I think about how a few years back so many billionaires were scrambling to purchase large territories of land (I'm talking thousands, and hundreds of thousands of acres).

With some of the shit we're likely to see coming in the next 10-20 years with inflation/unemployment/food supply/etc., etc., living in metro areas begins to look incredibly unattractive and mountain living in difficult to reach areas seems much more so. We've been using our summers to try different mountainous locations -- Colorado, Vancouver/Whistler, Utah. Montana has been on my radar and is probably the destination this summer.

[Lawineer]

I'm not sure supply chain issues would be any better in remote areas. If I only have 100 apples and the city wants to buy 500 apples, I'm not going to mess with selling 5 apples to BFE.

Plus, maintaining land requires a lot of stuff from labor to machines. I can see the parts and machinery becoming hard to come by before the mass produced stuff for cities.

I do see vacation home locations becoming more valuable simply because work from home is spreading to more industries and becoming more common. I never felt my 1800sqft downtown townhouse was small for my GF and I. When my GF and I had Covid and we both worked from home all day, I felt like I was in a prison cell. So much so that I've been trying to convince my neighbor to sell me his house so I can knock out the walls between.

[ticklechicken]

How would I go about buying Ethereum through a Self-Directed Brokerage Account in a 401k? I assume the best way to do this is with an ETF. Any specific recommendation? I know this a weird place to ask this question, but I don't have anyone in my life who knows about this stuff. I trust you guys here.

Regarding risk, one of my 401k accounts has about 10% of my total savings. I'm in a place where I can lose all that without worry. I'm 8 years from retirement, and I would likely leave this 10% in crypto until then. I've been thinking about this for awhile, and I'm ready to do it.

[Lawineer]

How would I go about buying Ethereum through a Self-Directed Brokerage Account in a 401k? I assume the best way to do this is with an ETF. Any specific recommendation? I know this a weird place to ask this question, but I don't have anyone in my life who knows about this stuff. I trust you guys here.

Regarding risk, one of my 401k accounts has about 10% of my total savings. I'm in a place where I can lose all that without worry. I'm 8 years from retirement, and I would likely leave this 10% in crypto until then. I've been thinking about this for awhile, and I'm ready to do it.

I’d love to know this too

I’m about to buy in hard. Waiting for a little more blood and panic.

[Scott_in_fl]

^^^ I heard a commercial on one of the Sirius radio news channels, maybe Fox Business or CNBC, about a broker/custodian entity that specializes in IRA funds for crypto trading. If I hear it again, I'll pay attention to the name.

[mitchdob]

How would I go about buying Ethereum through a Self-Directed Brokerage Account in a 401k? I assume the best way to do this is with an ETF. Any specific recommendation? I know this a weird place to ask this question, but I don't have anyone in my life who knows about this stuff. I trust you guys here.

You can also invest in ETHE which is the Grayscale Ethereum Trust Fund. I believe it can be accessed via a Self-Directed Brokerage Account in a 401k - though I would suggest you first research it and understand what this fund is as when investing in it you're not actually buying Ether outright but as an investment vehicle it tracks the price movements of Ethereum.

"ETH enables investors to gain access and exposure to the price movement of ETH in the form of a traditional security without buying, storing and safekeeping ETH directly. ETH's investment objective is for its shares (based on Ethereum per share) to reflect the value of the Ethereum held by ETH, less ETH's expenses and other liabilities."

[Blue09]

Yikes, that is scary!!!

I always think keeping an eye out and trend-following billionaires (to the extent possible) is a wise idea. Whenever I read about things like what you have described with deep fakes, I think about how a few years back so many billionaires were scrambling to purchase large territories of land (I'm talking thousands, and hundreds of thousands of acres).

With some of the shit we're likely to see coming in the next 10-20 years with inflation/unemployment/food supply/etc., etc., living in metro areas begins to look incredibly unattractive and mountain living in difficult to reach areas seems much more so. We've been using our summers to try different mountainous locations -- Colorado, Vancouver/Whistler, Utah. Montana has been on my radar and is probably the destination this summer.

https://en.wikipedia.org/wiki/Corn_Ranch

https://www.wsj.com/articles/the-man...ome-1507204462

Corn Ranch, includes a home, with a space port launch pad...West Texas

[Lawineer]

Sweet. I did a small buy of ethe and gbtc.
I have to put my annual contribution to my 401k in soon ($54k limit now?) so I’ll l
Yolo it on ethe.
Are those the only two etfs?