crypto currency

[QuarterMillionMan]

Buying bitcoin but XRP which has utility is drawing me in as well. Still have $34,000 to spend but might do 80% bitcoin, 20% XRP. Research SWIFT payments vs Ripple (XRP). I doubt XRP will replace SWIFT but for pennies per transaction and seconds vs days w/SWIFT and its high costs, banks and institutions would adopt Ripple in a heartbeat. Look at Japan who is jumping onboard with XRP.

[QuarterMillionMan]

Interesting article on Ripple (XRP) vs Stellar (XLM) and they compare it w/Bitcoin to some extent. After reading the article I will be getting some XLM now. Coinbase gave $10 free Stellar once in their learning rewards program.

Stellar VS Ripple: What's The Better Choice?

[QuarterMillionMan]

Done buying BTC (90%) & XRP (10%) in my Roth IRA w/a .01 cent cash balance. In 2025, I contributed the max $8000 and tranferred another $52,000 custodian to custodian. If I combine my other taxable accounts (Coinbase, Robinhood, Ledger, etc), all total $150,000 in cryptos. Enough for now.

[disneysteve]

all total $150,000 in cryptos.

What percentage of your total portfolio does that represent?

[QuarterMillionMan]

15% my net worth is $1 million. I got a little carried away. For gold/silver I have more than $100,000 worth so 10% in precious metals. I'll be taking my foot off of the gas pedal for now.

[disneysteve]

15% my net worth is $1 million. I got a little carried away. For gold/silver I have more than $100,000 worth so 10% in precious metals. I'll be taking my foot off of the gas pedal for now.

I asked about your portfolio, not your net worth, but that means it's even higher than 15% of your portfolio. Personally I think that's a lot to have tied up in a highly speculative asset but your risk tolerance is a lot higher than mine.

[QuarterMillionMan]

Should the BRICS decide to no longer accept king dollar as the world reserve currency or the Saudis refuse to take dollars for their oil and let's say only take the Chinese Yuan or bitcoin I will put the pedal to the metal get more bitcoin. I do not trust fiat currencies. It would happen overnight on a Friday and there would be a run on the banks on Monday where they'll be overrun and would lock their doors.

[QuarterMillionMan]

The 3 main cryptos are bitcoin, etherium, and XRP, everything else are just noise with the exception of a few others. Keep your eye on XRP w/a 17% weekly gain.

[QuarterMillionMan]

ETH's market cap is $250 billion. XRP's is $240 billion. Just a few weeks ago it was 3/1, respectively. I think this month in March XRP will overtake ETH and become the 2nd largest by market cap. For comparison BTC is $1.7 trillion.

[QuarterMillionMan]

Ledger is driving me nuts where I can only buy $300 and under worth of bitcoin. Whenever I try to make a big purchase of $1000 or more it declines my debit cards. I have 2 linked accounts and both gets declined with large purchases. I even get the fraud alerts and agree to the purchases that it was in fact me making the purchses but my banks declines the purchases. Using a credit card is even worse including Apple Pay or Pay Pal.

[QuarterMillionMan]

I've been actively buying BTC $200 - $400 whenever it seems like a drop.

[QuarterMillionMan]

Testing different pay methods such as Topper (lowest fees), Sardine, etc. But the fees are the least of my concerns. It's the spread that I look at. Try buying BTC on Coinbase which has a huge spread. If BTC is at $82,000 as it is right now and you buy from Coinbase they raise their spread to where you are buying it at $83,000 plus a 2% fee. On Ledger the spread is at about $82,500.

[QuarterMillionMan]

It's time for me to get another cold storage wallet such as Trezor due to my Ledger amount getting quite high. If anyone here has a Trezor refer a friend promo link let me know before I sign up.

[ua_guy]

Sounds like a scam. ?

[disneysteve]

Sounds like a scam. ?

What sounds like a scam?