Posted on 03/23/2021 8:05:22 AM PDT by aMorePerfectUnion
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Ping!
Seems like a really good time to sell. ;)
It took a large dip yesterday. As did most cryptos.
What happens with Crypto when the lights go out for the last time??
Same thing that happens to your debit/credit cards.
I was on the verge of buying Bitcoin over 5 years ago. I do have a question though. How easy/difficult is it to liquidate (convert into dollars)? I have a feeling it’s not like your typical equity investment.
It’s not the Bitcoin increased in value as much as it is that the dollar decreased in value due to the Feds printing funny money and the Uniparty spending money they don’t have while chasing out businesses.
Not sure about that.
But it certainly impacts on valuation.
Bitcoin is also rising in other currency valuations.
I can only speak to buying/selling on Coinbase.
Easy as pie
Several years ago we purchased fancy new electric bikes for the both of us for 1 BTC. Today, we can buy a new electric car for the same amount. So, not too sure about that.
Had three ETH buy order blocks filled yesterday. Now I’m in a selling mood. Lol
Best get our houses in order for the big one...
“How easy/difficult is it to liquidate (convert into dollars)?”
Coinbase app.
What is also happening is that other fiat currencies, most of which are buttressed by the U.S. dollar, are also losing comparative value to cryptocurrencies so that the cryptocurrencies appear to have increased in value.
There is worldwide revaluation of fiat currencies going on.
In their attempt to controls us all, the moneychangers have created a situation whereby we're on the verge of destroying centuries of human advancement.
If we can keep the internet up, which depends upon the availability of electrical power in some form or other, cryptocurrencies may prove to be a godsend in keeping goods and services flowing.
Look at what's happening in Turkey this week for a glimpse of what we may be facing soon.
If you've ever thought of planting a garden, this spring might be the time to do so. Certainly, fill the pantry with long-term foods and keep it full.
I am waiting to see what DOT does today. Bought some Cardano yesterday though.
Riri - do you want to join us on the Crypto Ping List?
“I was on the verge of buying Bitcoin over 5 years ago.”
When BTC was at $40 I decided to look into putting 1k into it. At the time it was pretty much you either had to download and store it or you were most likely setting up an account at Mt. Gox.
Seemed like a pain so I never did anything with it. Wish I could undo that decision although Gox had massive hacking problems and if I had them on my system I doubt I would have had the discipline to hodl much past a few multiples of my initial investment.
BTW, easy now days to cash in and out of many cryptos.
Yes, sure.
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