Message from @Chicago HODL
Discord ID: 811731335953514557
Still getting a net profit for the day, and on target for this week overall.
"Anyone who starts down the road to becoming a trader eventually comes across the statistic that 90 per cent of traders fail to make money when trading the stock market. This statistic deems that over time 80 per cent lose, 10 per cent break even and 10 per cent make money consistently."
wondering if I'm in that 90% or 10% range or if not enough time has passed lol
Bitcoin is about $1,500 below having a $1 trillion dollar market capitalization. We are tantalizingly close. I can see the institutional investors, like Usain Bolt in a sprinters crouch awaiting the crack of the starter’s pistol.
If someone is making money, someone else is losing money.
at least, until we start printing more money, then everyone loses!
Alice mines 50 Bitcoin in 2011. The cost of her computer energy is $1.00
She sells 10 Bitcoin in 2013 for $1,000 each to Bob.
Bob sells 5 Bitcoin in 2017 to Charlie for $15,000 each.
It’s 2021 and Charlie’s holdings are worth $250,000.
Alice, Bob, and Charlie all made money.
You could argue that Alice lost potential by selling, as did Bob.
Alice and Bob both lose money when money printer go brrrrrr
Charlie holds onto his bitcoin and isn't impacted
Not when you’re on a Bitcoin standard.
Alice still has 40 Bitcoin and Bob still has 5. They’re all quite well insulated against the brrrrr.
oh right, I read that as them selling all of it
@RedbirdOctober, CBP I have just the spot That you can exchange the value of the precious metals for BTC & LTC exclusively. No other cryptocurrency’s on that platform with only XRC facilitating all transactions. It’s called freemarket.one And it is about to go live!
Do you want to see a rocket ship? Watch XRC over the course of the next 60 days
What’s the real name?
xRhodium
Never heard of it
That’s right it’s a very low cap teeny weenie maximum supply 10 X smaller than BTC itself. Has just been rebranded and is about to launch it’s big use case
I don’t have much precious metal. Less than a hundred Toz of silver rounds
95% of my portfolio is already in crypto
Me too I’m only sitting on proximately 60 ounces but imagine the silver stackers new and those that have been Stacking for over a decade that we see on YouTube. They are going to want to shave a little bit off of their treasure trove to acquire some of that BTC and what these guys are putting together is the best game in town to do so. Holding the crypto that facilitates the trading On this platform, imagine
This is got to be one of the top five undervalue crypto’s out right now but that will soon change once they go live. I imagine once they start on boarding more merchant and they gain some attention that big dogs will want to get a piece.
Thanks for the tip. I’ll keep an eye on it
accidentally bought 200 bitcoin instead of 200 dollars of bitcoin 😕
just kidding
😳 I was going to ask what year you did that
hahaha
😁🤣😂🤣
yeah I don't have 10.4 million dollars
Well it was only one $3200 last April when my buddy picked up 2 1/2 BTC
He cashed in his ALTS
definitely a good time to go into it. I'm hesitant on how much to actually buy right now, but definitely would get it if it goes that low again
keep hearing that it won't and the lowest it'll go is maybe 60k which means now is the best time to get it
Silver bullion or BTC
BTC
Oh
Silver is going to close the gap on gold and when they have the reset they’re going to reevaluate the physical precious metals market and it’s gonna be a beautiful thing
Why silver?
They’ve been manipulating the market for what decades
Historically the ratio has been 18 to 1 and as tight as 10 to 1 all the way back to the time of Julius Caesar. Now that Silver is more scarce and as you can see production is down and the demand is way high the price once released will do some crazy Xs
One Toz of gold should be around 15-16 x higher than one Toz of silver