Crypto did go way up right after tax time. It then went back down later. Different things. Like any global market there are a lot of components to this. Oh - and as to how I’m doing? Well, crypto is still up from where it started in 2017 by around 600%. Not shabby and vastly better than any other speculative investment I’ve had. So doing great!
What would you have them do or say now? You want to be comforted? Chances are they have been holding crypto since the very beginning and is up substantially. It’s just the nature of these things, their portfolio is probably down a lot but I’m pretty sure they’re not hurting in the least bit.
They way you phrase your comments just sounds like you’ve lost on some investments. When the whole world market is excited in these assets during their run, I dont think Blocks’s comments make a damn difference. Blind isn’t a very popular platform to affect serious pumps by just one person.
I use GDAX (Coinbase’s advanced interface that has way lower fees, but requires you to first transfer in money from your bank) and Bittrex. But a good and knowledgeable friend generally recommends Gemini. I keep crypto around, and haven’t had to purchase any in ages. If you want to find someone local you can use localbitcoin.com and avoid transfer rates.
The vast majority of the time that I have moved money to foreign exchanges, it has been specifically to trade for tokens or crypto‘s that are available on that exchange and not in my normal one. I know others who have just paid for things in crypto- ordering $10,000 of material from Singapore? Pay in BTC and then the local vendor deals with it. For just small amounts of $$, if you keep BTC around you should be able to use it locally on localbitcoins.com to exchange. I haven’t don’t that but know many who have.
I bought into bitcoin in 2013 so while it gained and then lost a lot of value in the last 6 months...I'm still super happy and grateful for where it is. Also expect in 4-5 years, those holding crypto at current prices will feel the same. It's an investment, I don't think about it day to day or even month to month.
How often do we use paper money nowadays? I sometimes go a whole month without touching a physical piece of money. I don’t think society using a form of cryptocurrency is that far a reach. Will it happen anytime soon , I doubt it, but I do see it happening eventually.
I think the cryptocurrency world is in the equivalent of the 70–80s of the computer world. Things are clunky, not convenient, expensive, hard to use, and have limited use. A decade from now? I think things will be very interesting. Although there will be various crashes and setbacks as we get there. Just like there was in the computer and video game world
It’s all theories that’s my point. Just like in 1970 some people thought computers were useless and others thought they were the future. Like I said we are using less physical money not more of it...that’s a fact. Who is to say that one day the dollar it self won’t be a cryptocurrency by default? Although it would be hard to throw digital tokens at strippers. That could be a coin idea...stripper coin.
It’s a range bound traders game for now. Roughly $6500 - $9500. Opportunity to make money but way too much uncertainly IMO. Could go under $5000 just as easily as it could go above $12000. Better odds than Vegas.