Anonymous
Post 12/12/2024 19:09     Subject: Re:If you have more than a million in investments, have you purchased BITCOIN in any form? if so how much?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Just read the JP Morgan analytics cited above: majority of the US investors lost money on it.


You do realize asking JPMorgan, the largest bank, to weigh in on Bitcoin and crypto is like asking Barnes and Noble to weigh in on Amazon in 1997.


They just provided stats of 600k clients accounts. Very few people had actually gained from owning Bitcoin.


Without knowing the details, that just sounds like folks making horrible decisions on when to sell - which, interestingly enough, is a problem with retail stock investing so nothing new/unique here.

Right now, literally everyone who owns Bitcoin and bought more than 30 days or so ago, is up.

Now, if you bought in March @71k and sold in Aug @55k then that's on you for locking in the loss.

My advice to everyone here: buy low, sell high - not the other way around.



It seems mathematically impossible that Bitcoin could go from zero to 100k and MOST people would have lost money. I get there was substantial volatility along the way but still.


People lost vast sums by having their crypto stolen from holding companies, wallets, and other scams.
Anonymous
Post 12/12/2024 18:31     Subject: If you have more than a million in investments, have you purchased BITCOIN in any form? if so how much?
75
$15M
All in dogecoins and other memecoins
Anonymous
Post 12/12/2024 18:17     Subject: If you have more than a million in investments, have you purchased BITCOIN in any form? if so how much?
Anonymous wrote:In my 50s about $4M in assets and zero in bitcoin. It’s pure speculation and that’s not my investment style.


+1
Anonymous
Post 12/12/2024 18:02     Subject: If you have more than a million in investments, have you purchased BITCOIN in any form? if so how much?
Things have value because we agree they do. The Mona Lisa has no "intrinsic value" but is "worth" a billion dollars. Gold has no "intrinsic" value but has been used as a store of value since the earliest civilizations. The dollar has no "intrinsic" value but is the global reserve currency and is supported by oil pricing and a large military, among other things. With each of these things humanity collectively agrees on the value. Same with Bitcoin. Even though it is a highly complex software program/blockchain, people agree it is worth $100K per Bitcoin. As Jay Powell just said, it now competes with gold as an alternative mechanism for storing value. Not sure why this is so controversial or annoys certain people so much.
Anonymous
Post 12/12/2024 16:46     Subject: If you have more than a million in investments, have you purchased BITCOIN in any form? if so how much?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:The crypto bro on here is SO sad because he can’t find any fellow crypto bros on DCUM to help him hype up Bitcoin and tell him how brilliant he is. And he can’t convince anyone on DCUM (“dinosaurs” with millions of dollars in investments) to read his stupid crypto book and realize that he truly IS a genius.

He resorts to cherry picking information from the JP Morgan link that is favorable to crypto while simultaneously trying to discredit JP Morgan. Don’t trust them, trust me! (A juvenile, know-it-all poster on DCUM who reads books and reddits and thinks he is equivalent to a Wall Street analyst or portfolio manager.

No one said a little exposure to blockchain technology is bad. But again, the whole crypto thing is volatile and risky. Anyone remember Silvergate? https://silvergate.com/


Silvergate? Hahah talk about cherry picking. You might as well bring up SBF, Voyager and blockfi, while you’re at it.

Why are you so angry? You’re clearly triggered. For the folks who have bought Bitcoin and are happy with our choice, why does that bother you? Nobody is forcing you to buy or look into BTC. Your posts come across as butthurt and sour. The ““dinosaurs” with millions of dollars in investments” says it all.


Because most of these negative posts come from risk averse parents most likely. Bitcoin is not Holland and Tulips. It’s not beanie babies. This is another asset like gold. It’s not riskier than buying a low rated bond. It’s volatile as fk, but if you chart its history you’ll see, like the S&P, it just goes up over time. No one cares if you don’t buy it.


I have no issue with you making money on bitcoin. But stop fooling yourself - it is NOT like gold. It has no intrinsic value. Gold always has and always will have value.

Enjoy your asset bubble, but understand, like all bubbles it will eventually pop.



You keep using this term but I don't think you really know what it means.



Neither gold nor bitcoin generate cash, if that is the test of intrinsic value. Certainly, there are plenty of digital things that have economic value.
Anonymous
Post 12/12/2024 11:57     Subject: If you have more than a million in investments, have you purchased BITCOIN in any form? if so how much?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:The crypto bro on here is SO sad because he can’t find any fellow crypto bros on DCUM to help him hype up Bitcoin and tell him how brilliant he is. And he can’t convince anyone on DCUM (“dinosaurs” with millions of dollars in investments) to read his stupid crypto book and realize that he truly IS a genius.

He resorts to cherry picking information from the JP Morgan link that is favorable to crypto while simultaneously trying to discredit JP Morgan. Don’t trust them, trust me! (A juvenile, know-it-all poster on DCUM who reads books and reddits and thinks he is equivalent to a Wall Street analyst or portfolio manager.

No one said a little exposure to blockchain technology is bad. But again, the whole crypto thing is volatile and risky. Anyone remember Silvergate? https://silvergate.com/


Silvergate? Hahah talk about cherry picking. You might as well bring up SBF, Voyager and blockfi, while you’re at it.

Why are you so angry? You’re clearly triggered. For the folks who have bought Bitcoin and are happy with our choice, why does that bother you? Nobody is forcing you to buy or look into BTC. Your posts come across as butthurt and sour. The ““dinosaurs” with millions of dollars in investments” says it all.


Because most of these negative posts come from risk averse parents most likely. Bitcoin is not Holland and Tulips. It’s not beanie babies. This is another asset like gold. It’s not riskier than buying a low rated bond. It’s volatile as fk, but if you chart its history you’ll see, like the S&P, it just goes up over time. No one cares if you don’t buy it.


I have no issue with you making money on bitcoin. But stop fooling yourself - it is NOT like gold. It has no intrinsic value. Gold always has and always will have value.

Enjoy your asset bubble, but understand, like all bubbles it will eventually pop.



You keep using this term but I don't think you really know what it means.

Anonymous
Post 12/12/2024 11:53     Subject: Re:If you have more than a million in investments, have you purchased BITCOIN in any form? if so how much?
Anonymous wrote:
Anonymous wrote:We have more than $50M in investments. None in crypto. While part of me wishes I had put some money in it, I don’t invest in what I don’t understand. Crypto is the modern day tulip.


We have about 70 million in investments.

I've always been deeply opposed to crypto. Last year, crypto currency funded every kind of dangerous criminal. I would not touch crypto in a million years. Bitcoin is going to zero. If I was the government I'd close it down. People are losing money to scams and hucksters and flim-flam artists. These people who own these things should not own them. If you put your money into any of those things I do think you're an idiot.


More doom and gloom from chicken little with a little fantasy thrown in for good measure.

Every time you post this, it's basically the same - the only thing that changes is that your net worth keeps going up! LOL!

Keep it up, 3 or 4 more posts and you'll be worth a half a billion!



Anonymous
Post 12/12/2024 11:24     Subject: Re:If you have more than a million in investments, have you purchased BITCOIN in any form? if so how much?
Anonymous wrote:We have more than $50M in investments. None in crypto. While part of me wishes I had put some money in it, I don’t invest in what I don’t understand. Crypto is the modern day tulip.


We have about 70 million in investments.

I've always been deeply opposed to crypto. Last year, crypto currency funded every kind of dangerous criminal. I would not touch crypto in a million years. Bitcoin is going to zero. If I was the government I'd close it down. People are losing money to scams and hucksters and flim-flam artists. These people who own these things should not own them. If you put your money into any of those things I do think you're an idiot.
Anonymous
Post 12/12/2024 11:07     Subject: If you have more than a million in investments, have you purchased BITCOIN in any form? if so how much?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:The crypto bro on here is SO sad because he can’t find any fellow crypto bros on DCUM to help him hype up Bitcoin and tell him how brilliant he is. And he can’t convince anyone on DCUM (“dinosaurs” with millions of dollars in investments) to read his stupid crypto book and realize that he truly IS a genius.

He resorts to cherry picking information from the JP Morgan link that is favorable to crypto while simultaneously trying to discredit JP Morgan. Don’t trust them, trust me! (A juvenile, know-it-all poster on DCUM who reads books and reddits and thinks he is equivalent to a Wall Street analyst or portfolio manager.

No one said a little exposure to blockchain technology is bad. But again, the whole crypto thing is volatile and risky. Anyone remember Silvergate? https://silvergate.com/


Silvergate? Hahah talk about cherry picking. You might as well bring up SBF, Voyager and blockfi, while you’re at it.

Why are you so angry? You’re clearly triggered. For the folks who have bought Bitcoin and are happy with our choice, why does that bother you? Nobody is forcing you to buy or look into BTC. Your posts come across as butthurt and sour. The ““dinosaurs” with millions of dollars in investments” says it all.


Because most of these negative posts come from risk averse parents most likely. Bitcoin is not Holland and Tulips. It’s not beanie babies. This is another asset like gold. It’s not riskier than buying a low rated bond. It’s volatile as fk, but if you chart its history you’ll see, like the S&P, it just goes up over time. No one cares if you don’t buy it.


Then why are you posting on here repeatedly? Wasn’t that the original question? Time to move on to a Reddit. People here don’t recognize how much of a financial wizard you are - “unless you out yourself” per your other post. Your talents will be appreciated somewhere else.
Anonymous
Post 12/12/2024 10:42     Subject: If you have more than a million in investments, have you purchased BITCOIN in any form? if so how much?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:The crypto bro on here is SO sad because he can’t find any fellow crypto bros on DCUM to help him hype up Bitcoin and tell him how brilliant he is. And he can’t convince anyone on DCUM (“dinosaurs” with millions of dollars in investments) to read his stupid crypto book and realize that he truly IS a genius.

He resorts to cherry picking information from the JP Morgan link that is favorable to crypto while simultaneously trying to discredit JP Morgan. Don’t trust them, trust me! (A juvenile, know-it-all poster on DCUM who reads books and reddits and thinks he is equivalent to a Wall Street analyst or portfolio manager.

No one said a little exposure to blockchain technology is bad. But again, the whole crypto thing is volatile and risky. Anyone remember Silvergate? https://silvergate.com/


Silvergate? Hahah talk about cherry picking. You might as well bring up SBF, Voyager and blockfi, while you’re at it.

Why are you so angry? You’re clearly triggered. For the folks who have bought Bitcoin and are happy with our choice, why does that bother you? Nobody is forcing you to buy or look into BTC. Your posts come across as butthurt and sour. The ““dinosaurs” with millions of dollars in investments” says it all.


Because most of these negative posts come from risk averse parents most likely. Bitcoin is not Holland and Tulips. It’s not beanie babies. This is another asset like gold. It’s not riskier than buying a low rated bond. It’s volatile as fk, but if you chart its history you’ll see, like the S&P, it just goes up over time. No one cares if you don’t buy it.


I have no issue with you making money on bitcoin. But stop fooling yourself - it is NOT like gold. It has no intrinsic value. Gold always has and always will have value.

Enjoy your asset bubble, but understand, like all bubbles it will eventually pop.
Anonymous
Post 12/12/2024 09:59     Subject: If you have more than a million in investments, have you purchased BITCOIN in any form? if so how much?
Anonymous wrote:
Anonymous wrote:The crypto bro on here is SO sad because he can’t find any fellow crypto bros on DCUM to help him hype up Bitcoin and tell him how brilliant he is. And he can’t convince anyone on DCUM (“dinosaurs” with millions of dollars in investments) to read his stupid crypto book and realize that he truly IS a genius.

He resorts to cherry picking information from the JP Morgan link that is favorable to crypto while simultaneously trying to discredit JP Morgan. Don’t trust them, trust me! (A juvenile, know-it-all poster on DCUM who reads books and reddits and thinks he is equivalent to a Wall Street analyst or portfolio manager.

No one said a little exposure to blockchain technology is bad. But again, the whole crypto thing is volatile and risky. Anyone remember Silvergate? https://silvergate.com/


Silvergate? Hahah talk about cherry picking. You might as well bring up SBF, Voyager and blockfi, while you’re at it.

Why are you so angry? You’re clearly triggered. For the folks who have bought Bitcoin and are happy with our choice, why does that bother you? Nobody is forcing you to buy or look into BTC. Your posts come across as butthurt and sour. The ““dinosaurs” with millions of dollars in investments” says it all.


Not only that, Silvergate is not a great pick in that ultimately it was a banking issue that involved crypto but wasn't a crypto issue per se. Just a good 'ol fashioned run on the bank - a tale as old as time itself. Not only that, all the depositors were made whole so really not much to see here.



Anonymous
Post 12/12/2024 08:10     Subject: If you have more than a million in investments, have you purchased BITCOIN in any form? if so how much?
Anonymous wrote:
Anonymous wrote:The crypto bro on here is SO sad because he can’t find any fellow crypto bros on DCUM to help him hype up Bitcoin and tell him how brilliant he is. And he can’t convince anyone on DCUM (“dinosaurs” with millions of dollars in investments) to read his stupid crypto book and realize that he truly IS a genius.

He resorts to cherry picking information from the JP Morgan link that is favorable to crypto while simultaneously trying to discredit JP Morgan. Don’t trust them, trust me! (A juvenile, know-it-all poster on DCUM who reads books and reddits and thinks he is equivalent to a Wall Street analyst or portfolio manager.

No one said a little exposure to blockchain technology is bad. But again, the whole crypto thing is volatile and risky. Anyone remember Silvergate? https://silvergate.com/


Silvergate? Hahah talk about cherry picking. You might as well bring up SBF, Voyager and blockfi, while you’re at it.

Why are you so angry? You’re clearly triggered. For the folks who have bought Bitcoin and are happy with our choice, why does that bother you? Nobody is forcing you to buy or look into BTC. Your posts come across as butthurt and sour. The ““dinosaurs” with millions of dollars in investments” says it all.


Because most of these negative posts come from risk averse parents most likely. Bitcoin is not Holland and Tulips. It’s not beanie babies. This is another asset like gold. It’s not riskier than buying a low rated bond. It’s volatile as fk, but if you chart its history you’ll see, like the S&P, it just goes up over time. No one cares if you don’t buy it.
Anonymous
Post 12/12/2024 07:38     Subject: Re:If you have more than a million in investments, have you purchased BITCOIN in any form? if so how much?
Anonymous wrote:
Anonymous wrote:BTC and crypto of any kind is off limits for us. We don’t like to fund terrorism, cybercrime, human trafficking, and drug smuggling.


I feel like there is one poster on here who keeps repeating this same tired sht.


+1

Their posts don’t even make sense.
Anonymous
Post 12/12/2024 07:35     Subject: If you have more than a million in investments, have you purchased BITCOIN in any form? if so how much?
Anonymous wrote:The crypto bro on here is SO sad because he can’t find any fellow crypto bros on DCUM to help him hype up Bitcoin and tell him how brilliant he is. And he can’t convince anyone on DCUM (“dinosaurs” with millions of dollars in investments) to read his stupid crypto book and realize that he truly IS a genius.

He resorts to cherry picking information from the JP Morgan link that is favorable to crypto while simultaneously trying to discredit JP Morgan. Don’t trust them, trust me! (A juvenile, know-it-all poster on DCUM who reads books and reddits and thinks he is equivalent to a Wall Street analyst or portfolio manager.

No one said a little exposure to blockchain technology is bad. But again, the whole crypto thing is volatile and risky. Anyone remember Silvergate? https://silvergate.com/


Silvergate? Hahah talk about cherry picking. You might as well bring up SBF, Voyager and blockfi, while you’re at it.

Why are you so angry? You’re clearly triggered. For the folks who have bought Bitcoin and are happy with our choice, why does that bother you? Nobody is forcing you to buy or look into BTC. Your posts come across as butthurt and sour. The ““dinosaurs” with millions of dollars in investments” says it all.
Anonymous
Post 12/11/2024 23:18     Subject: Re:If you have more than a million in investments, have you purchased BITCOIN in any form? if so how much?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Just read the JP Morgan analytics cited above: majority of the US investors lost money on it.


You do realize asking JPMorgan, the largest bank, to weigh in on Bitcoin and crypto is like asking Barnes and Noble to weigh in on Amazon in 1997.


They just provided stats of 600k clients accounts. Very few people had actually gained from owning Bitcoin.


Without knowing the details, that just sounds like folks making horrible decisions on when to sell - which, interestingly enough, is a problem with retail stock investing so nothing new/unique here.

Right now, literally everyone who owns Bitcoin and bought more than 30 days or so ago, is up.

Now, if you bought in March @71k and sold in Aug @55k then that's on you for locking in the loss.

My advice to everyone here: buy low, sell high - not the other way around.



It seems mathematically impossible that Bitcoin could go from zero to 100k and MOST people would have lost money. I get there was substantial volatility along the way but still.