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Re: Ethereum

By: CTJ in 6TH POPE | Recommend this post (0)
Mon, 11 Mar 24 4:44 PM | 25 view(s)
Boardmark this board | 6th Edition Pope Board 		Msg. 51013 of 60008
(This msg. is a reply to 51012 by De_Composed)
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Looks good. What do you think the Government(s) will do about crypto? Issue their own, and then outlaw the rest. Make it illegal to own non-government approved coin?

I’m thinking about buying some more GBTC it’s doing pretty well.
Or I might buy some MicroStrategy (MSTR). Do you know anything about MicroStrategy now? I had some business dealings with them back 30+ years ago. They were in Tyson’s Corner VA. I think it was the same MicroStrategys.

My Trump DWAC continues to fall.


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The above is a reply to the following message:
Re: Ethereum
By: De_Composed in 6TH POPE
Mon, 11 Mar 24 2:59 PM 		Msg. 51012 of 60008

Re: “I will be until it tops $3,900... which I think will happen fairly soon.”Here's a pretty good look at what Ethereum has done. Since I bought it near the current price but as it fell (never try to catch a falling knife, they say!), it's pretty easy to see the storm I've weathered - as well as the incredible recovery ETHER has had in just a few months.

I'll need it to hit new highs in order to have a sad but respectable 6% rate of return. Bitcoin has already hit those highs, trading above $72,000 right now. I think ETHER will see a lot more than that, one day. It's the second best known cryptocurrency and a better product than BTC. While it will never be the "first digital currency" that Bitcoin is... with all the advantages that that comes with... it ought to make inroads against Bitcoin over time.

ETHER has a market cap of $485 billion. BTC has a market cap of $1.4 trillion.

I'm expecting the U.S. government to announce a cryptocurrency of its own. Since I don't care to be tracked by my government, I won't be receptive to it, but I don't think we're going to have much choice. I think its arrival will herald the end of paper money and perhaps the beginning of major black market bartering in our country. It will not be a pleasant time.

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