Crypto Sold my house and put it all into bitcoin.

Discussion in 'Other Asset Classes' started by Laker, 7th May, 2020.

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  1. Spiralkut

    Spiralkut Well-Known Member

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    Biggest tip I can give you all is get on Origin trail (trac) coin. Possibly the biggest and best project in the crypto world and people are only discovering it now.
     
  2. Laker

    Laker Well-Known Member

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    Please don’t post your coin tips on this thread. Don’t want everyone posting their **** coin tips!
     
    Last edited by a moderator: 17th Aug, 2020
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  3. Guest

    Guest Guest

    You can only mention your **** coin tip in this thread if you sold your house and put your life savings into it :D
     
    Last edited by a moderator: 17th Aug, 2020
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  4. Laker

    Laker Well-Known Member

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    And super!
     
    Last edited by a moderator: 10th Oct, 2021
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  5. eggnog

    eggnog Well-Known Member

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    Exploring the idea of selling another house to put the capital into crypto. With crypto waking up again I can't justify locking capital into an asset that does not have clear growth drivers.

    Options i've been thinking about include btc again, wrap then stake or lend out. My only concern is I can see btc under-performing against alts.
    eth is very tempting especially with eth2.0 on the horizon or eth vaults.
    I do like polkadot and can see it at a much higher marketcap closer to eth. They currently do not have acceptable cold storage options but hopefully they have this all figured out soon.
    There are also a lot of alts with strong use-cases that I can see underpinning the next innovation wave within the blockchain space. nexus, aave, compound, chainlink......
     
  6. Spiralkut

    Spiralkut Well-Known Member

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    I like eth in the long term better than BC. I also agree with Polkadot it will keep moving no doubt. I'd prefer BAND or DIA as oracle's over Chainlink though purely for market cap purposes. I feel like you pick any one of these and you're not losing your money over any short medium or long term.
     
  7. eggnog

    eggnog Well-Known Member

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    Gotta play safe with the trust fund and go with market leaders.
    Might have to also consider spreading between ecosystems. Better not put it all into the ethereum ecosystem where everything is more correlated.
    Btw, did you get into the DIA bonding curve sale?
     
  8. Spiralkut

    Spiralkut Well-Known Member

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    Yeah I've actually been lucky cause I've been shorting between dia and trac and got on dia 2 days before binance listing.
     
  9. Ouga

    Ouga Well-Known Member

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    Didn’t you mention trac just earlier in this thread as the biggest tip and now you say you’ve been shorting it? Lol
     
  10. Spiralkut

    Spiralkut Well-Known Member

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    I holding Trac, DIA, DFI, BAND and DOT then I short DIA, DOT and Trac for 10-20% margins rotating it on whichever is close to support line.
     
  11. Laker

    Laker Well-Known Member

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    Portfolio is now up a tad over 100%. Currently looking buy more. I believe we are at the beginning of a major bullrun! Although after the money printers stop I think we are in for one hell of a GFC! So not sure how bitcoin is going to hold up!
     
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  12. BunnyXiao

    BunnyXiao Well-Known Member

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    smart move. Gold miners and bitcoin. New Bretton Woods again
     
  13. eggnog

    eggnog Well-Known Member

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    Ended up selling another house. Patiently waiting for settlement then will put the bulk into crypto again followed by an etf. With eth staking coming along nicely I'll most likely put majority into eth instead of BTC.
     
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  14. Laker

    Laker Well-Known Member

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    Good luck. I don’t follow eth as it makes no sense to me but I thought everything I heard staking was way off?
     
  15. eggnog

    eggnog Well-Known Member

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    Would like to hear your thoughts on eth, why it doesn't make sense and what is 'way off' with staking. I always like to listen to both sides to help me make a more informed decision.
     
  16. Laker

    Laker Well-Known Member

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    Well for starters eth isn’t sound money and that’s mainly what I’m interested in. It’s supposed main value was as a utility token. If this is the case you want a utility tokens value to remain as small as possible. The value, if any, is tokens built on top of the network. This is all just my opinion! I formed it early days and don’t bother keeping up with any changes now as I feel I waste too much of my time!
     
  17. Laker

    Laker Well-Known Member

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    But good luck to you. It probably will perform well this cycle, l I just can’t see it doing well long term!
     
  18. David_SYD

    David_SYD Well-Known Member

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    @Laker $35kAUD. Still holding?
     
  19. Laker

    Laker Well-Known Member

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    Yeah still holding. Up over 300% now. I don’t plan on selling any till it is over 500k per coin!
     
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  20. Momentum

    Momentum Well-Known Member

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    How many Bitcoins do you own?
     

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