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Thread: Crypto In a Roth - I'm trying it

  1. #31
    Member JaxRed's Avatar
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    Re: Crypto In a Roth - I'm trying it

    There are people who think it will do much more than double. I'm protecting myself in case they are right.
    Bud Selig: "I'm the worst commissioner ever"
    Rob Manfred: "Hold my beer"

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  3. #32
    Member Strikes Out Looking's Avatar
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    Re: Crypto In a Roth - I'm trying it

    Quote Originally Posted by 757690 View Post
    Itís no different than owning the original print of a photo. Or really, even a painting. What makes the original of a painting worth so much more than a replica that looks exactly like it?

    I honestly donít understand the art market, but then again, I do dabble in the baseball card market, which makes as much or as little sense.
    Isn't their a difference between the original painting and a print of the painting.

  4. #33
    Member Redsfaithful's Avatar
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    Re: Crypto In a Roth - I'm trying it

    Quote Originally Posted by Strikes Out Looking View Post
    Isn't their a difference between the original painting and a print of the painting.
    He's talking about a print of a photo, for the painting consider a replication, real paint on canvas by an artist talented enough to remake something.
    Turning and turning in the widening gyre
    The falcon cannot hear the falconer;

  5. #34
    Member JaxRed's Avatar
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    Re: Crypto In a Roth - I'm trying it

    Quote Originally Posted by JaxRed View Post
    It could change tomorrow. But when I started this thread less than a month ago I had $11K of Crypto. Now it's $14K. (Haven't bought more, just moved it around). I think there's a chance it could still go big over next 10 years, and that's why I went in.
    15K
    Bud Selig: "I'm the worst commissioner ever"
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    https://redsintelligence.com/smforum/index.php

  6. #35
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    Re: Crypto In a Roth - I'm trying it

    I think crypto/bitcoin is going to crash and then subsequently will require intervention from the government. I am staying out of that.

  7. #36
    Member JaxRed's Avatar
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    Re: Crypto In a Roth - I'm trying it

    Quote Originally Posted by JaxRed View Post
    15K
    $16K
    Bud Selig: "I'm the worst commissioner ever"
    Rob Manfred: "Hold my beer"

    https://redsintelligence.com/smforum/index.php

  8. #37
    Waitin til next year bucksfan2's Avatar
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    Re: Crypto In a Roth - I'm trying it

    How is the Crypto looking?

    I really don't follow it all that much, I know it has been down. FWIW, I think whenever you see the big drops in Crypto, I think that signals a time to buy.

  9. #38
    Member Redsfaithful's Avatar
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    Re: Crypto In a Roth - I'm trying it

    It bounced pretty hard, ethereum is going to flip bitcoin in market cap before too long. Just too much utility vs. bitcoin, which has very little.
    Turning and turning in the widening gyre
    The falcon cannot hear the falconer;

  10. #39
    Waitin til next year bucksfan2's Avatar
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    Re: Crypto In a Roth - I'm trying it

    Quote Originally Posted by Redsfaithful View Post
    It bounced pretty hard, ethereum is going to flip bitcoin in market cap before too long. Just too much utility vs. bitcoin, which has very little.
    How much of ethereum's rise has to do with NFT?

  11. #40
    Member Redsfaithful's Avatar
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    Re: Crypto In a Roth - I'm trying it

    Quote Originally Posted by bucksfan2 View Post
    How much of ethereum's rise has to do with NFT?
    A good bit, but it's also just utility in general, last year it was decentralized finance really having a moment, this year NFTs.
    Turning and turning in the widening gyre
    The falcon cannot hear the falconer;

  12. #41
    Daffy Duck RedTeamGo!'s Avatar
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    Re: Crypto In a Roth - I'm trying it

    Still all a scam lol
    What would you say.....ya do here?

  13. #42
    Member Redsfaithful's Avatar
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    Re: Crypto In a Roth - I'm trying it

    Quote Originally Posted by RedTeamGo! View Post
    Still all a scam lol
    lol I've made so much money this year, glad I didn't think this way back in February
    Turning and turning in the widening gyre
    The falcon cannot hear the falconer;

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    RedTeamGo! (12-08-2021)

  15. #43
    Daffy Duck RedTeamGo!'s Avatar
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    Re: Crypto In a Roth - I'm trying it

    Oh yeah, not saying you can’t make money off a scam. Congrats. Definitely a pyramid scheme scam that is simultaneously horrible for the environment, though.
    Last edited by RedTeamGo!; 12-08-2021 at 08:03 PM.
    What would you say.....ya do here?

  16. #44
    Member BernieCarbo's Avatar
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    Re: Crypto In a Roth - I'm trying it

    Quote Originally Posted by RedTeamGo! View Post
    Oh yeah, not saying you can’t make money off a scam. Congrats. Definitely a pyramid scheme scam that is simultaneously horrible for the environment, though.
    I don't think it's a pyramid scheme, and it will be a common thing in the long run, but it's true that it's bad for the environment. But no one cares about that if they are making money.

  17. #45
    Member JaxRed's Avatar
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    Re: Crypto In a Roth - I'm trying it

    Quote Originally Posted by bucksfan2 View Post
    How is the Crypto looking?

    I really don't follow it all that much, I know it has been down. FWIW, I think whenever you see the big drops in Crypto, I think that signals a time to buy.
    Assuming this was directed at me.... My $11K at start of thread is $13,562 right now. Was closing in on $17 at one point. I am actually 100% fine with it staying below $14K until Jan, because I made the first $7K my 2021 Roth contribution, and plan to make another $7k right after new year for 2022. So staying at $14 is advantageous to me in short term.

    Declines as buying opportunity. Very possible. but not for me. This $14K will be the extent of my Crypto adventure. It's just a little side bet.
    Last edited by JaxRed; 12-09-2021 at 08:59 AM.
    Bud Selig: "I'm the worst commissioner ever"
    Rob Manfred: "Hold my beer"

    https://redsintelligence.com/smforum/index.php


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