Has cryptocurrency valuation escalation caused you to purchase more cards?

[vintagetoppsguy]

Originally Posted by G1911

No. I am guessing that unlike most here, I have profited off Crypto, but my collecting is largely divorced from my income. I live in low-grade cheap collecting land regardless of my income, and so there's no real effect. If anything, I've spent less because it's tougher this year to get cards at the price I think is fair with the rapid increases in many areas.

What Crypto(s) did you buy? I bought Bitcoin Cash a little over a month ago for two hundred something. It quickly went to nine hundred something within a couple of weeks and I sold. It went to fourteen hundred something after that, but last I looked it was at eleven hundred something. That was my only experience with any Crypto and it was very short lived. I think it's ok for the short term, but I don't like it long term. That's just my opinion.

[G1911]

Originally Posted by vintagetoppsguy

What Crypto(s) did you buy? I bought Bitcoin Cash a little over a month ago for two hundred something. It quickly went to nine hundred something within a couple of weeks and I sold. It went to fourteen hundred something after that, but last I looked it was at eleven hundred something. That was my only experience with any Crypto and it was very short lived. I think it's ok for the short term, but I don't like it long term. That's just my opinion.

I liked the blockchain technology and (just my personal opinion here) it's original libertarian purpose when this started 10+ years ago, to attempt to enable transactions and a trade system outside the effective regulation of states and with privacy. Now very little of it is is used as any kind of actual currency, and is a pretty extreme series of pumps and brief dumps (it can be a good buy still if you can tell when the dumps are coming, and if you think the longterm pumping will continue for some time, but I would not consider it a good long-term investment by any means). I would not buy in now, but I first bought Bitcoin in like 2011, and have sold some during these recent highs. I've had Ethereum, even made pretty good returns off the doge meme, dabbled in some penny ones that I think have a chance. I dabble here with some of my early profits (which I did not expect, or I would have put in a bit more and be retired in a mansion), but sold enough for a huge % profit because bitcoin was worth hardly anything back when I bought, and kept some of it. Long term, I think Bitcoin's tech is now out of date, its transaction time too long, I'd question how long it will be the big one.

I regret buying in just to try it and experiment with something that suited my interests and not to invest, but hindsight is 20/20 and money isn't that important in the course of life. if I'd put in just $1,000, I'd have tens of millions and a T206 Wager. When I first bought, bitcoin was trading at just a little more than the US dollar. Now, 1 bitcoin is about $45,000. No stock is ever going to pay off that well for me

[iwantitiwinit]

If this crypto price drop continues I'll have to change the poll to say..."Has the drop in crypto valuation caused you to slow your card purchases?"

[Leon]

Originally Posted by iwantitiwinit

If this crypto price drop continues I'll have to change the poll to say..."Has the drop in crypto valuation caused you to slow your card purchases?"

I think the whole bitcoin thing is crazy. I know I am in the minority but I can't see me investing in thin air.....LOL

[Republicaninmass]

Originally Posted by Leon

I think the whole bitcoin thing is crazy. I know I am in the minority but I can't see me investing in thin air.....LOL

I agree. Recently there was an auction I browsed which had a few of these NBA tops shot "clips". Even clips number of /15000 had "estimates" of 5k. Where does it end?

When it does, it won't be pretty

[vintagetoppsguy]

Originally Posted by Leon

I think the whole bitcoin thing is crazy. I know I am in the minority but I can't see me investing in thin air.....LOL

I agree, it is crazy. But I do believe there is quick money to be made in the short term. I wouldn't want to be holding the bag once a CBDC is fully implemented (and we're not that far away). That said, I bought Dogecoin (for the first time) this morning for less than $.32 share.

[rjackson44]

mike trout is down he got hurt ,,i know that much ,,ruth is stable

[egri]

I’m not invested in crypto; it’s something I don’t understand, and I don’t like investing in things I don’t understand. If other people are making money in it, great for them. I think part of this hysteria in the markets is a lot of the folks who have gotten in in the past year were still in school/not heavily invested in 2008, and are too young to remember the dot-com bubble. The only economic calamity they’ve experienced was last spring, and the markets recovered historically quickly. Other than that, their experience was in bull markets, which has lead to unrealistic expectations of how easy it is to make money. It reminds me of the saying ‘when a man with money meets a man with experience, the man with experience gets money, and the man with money gets experience’.