Bitcoin

[IBen]

Tulip bulbs or Beanie Babies.

Wrong thread

 

[Craig Van Arsdale]

So say you guys had $10K sitting savings doing nothing what would be your play?

At the very least that money should be in a money market account earning a higher rate than most savings accounts. Ideally I’d personally be buying 3 month T bills and keep rolling them over.

IF you have the desire to learn about Bitcoin AND have a long term time horizon for that money then read “The Bitcoin Standard” and see if it’s something you understand and have conviction in. Otherwise you will never fully realize the potential of your investment.

 

[180ls1]

So say you guys had $10K sitting savings doing nothing what would be your play?

Investing in yourself/career is always the first area to thoroughly examine before looking externally.

 

[Poser]

XRP stable coin went live this morning. Massive signal for traditional finance and institutional players. Stable coins are becoming a cornerstone of global finance, and now institutions have a mechanism for cross-border payments facilitation, international trade, and even lending.

Note that this new stablecoin RLUSD is built on Ethereum blockchain -just emphasizing the utility of Ethereum. I've definitely been buying XRP the last few weeks as its seeming increasingly clear that it will have a future in transactions.

 

[william schmaltz]

The largest investment firm in the world just released a 3 minute video explaining Bitcoin. Probably nothing…..

https://twitter.com/x/status/1869125598549061661

 

[Burnsie]

So - Have all 21 million bitcoins been mined yet? Is there still profits to be made mining bitcoin?

 

[fmyth]

So - Have all 21 million bitcoins been mined yet? Is there still profits to be made mining bitcoin?

No all 21m have not been mined. Do you have free or extremely cheap electricity? If not you'll be better off investing in the asset. Commercial publicly traded miners are HUGE and buy electricity for much much cheaper than you can and most of them are not profitable.

 

[Craig Van Arsdale]

Note that this new stablecoin RLUSD is built on Ethereum blockchain -just emphasizing the utility of Ethereum. I've definitely been buying XRP the last few weeks as its seeming increasingly clear that it will have a future in transactions.

The fact that XRP has to issue a stable coin on another blockchain indicates to me that it’s increasingly clear neither will have a future in transactions…

 

[Poser]

The fact that XRP has to issue a stable coin on another blockchain indicates to me that it’s increasingly clear neither will have a future in transactions…

XRP has a lot of potential for global transitions with cheap transactional fees, minimal energy use, eliminates intermediary and pre funding fees. Seems to have a lot going on and a lot going for it in that realm.

The stable coin aspect enters an already highly competitive market with Tether currently the king of that domain. I'd consider that aspect a "wait and see" scenario.