Bitcoin to Hit $20K

I'll be in Seattle next week, so I'll just swing by and pick it up OK?

 

Screw off. There's plenty of large trustworthy vendors. Stop hocking yours.

 

If you made money,sell it.
The IRS is confiscating accounts on bitcoin.
They're watching it like a hawk.
It's considered a criminal enterprise set up
To launder money.

To many fake accounts and mysterious transactions
Of large amounts of money to unknown people.
It's like a pumped up stock.

 

If you don't hold it you don't own it.

 

Have any of you guys tried using Robinhood or Coinbase to buy/sell stocks or cryptocurrency?
I recently downloaded the apps and have been fiddling with them. It's really easy but I'm a bit lost.

 

Coinbase is basically a bank to facilitate useful trading of funds to bitcoin and other cryptos so you can use them. Robinhood, which I am using to invest in bitcoin, is only a holding which gives you no access to the funds to spend. It all depends on your use case. If you want to invest, I would recommend just using something like Robinhood as you don't have to concern yourself with the complexity and security of wallets. Hopefully it's in better hands with a corporation.

As far as confiscation goes I'm doubtful that it's happening outside of actual criminal investigations and IRS tax audits. It's basically all speculation, but also how every other fiat currency works anyway. Just keep in mind that every transaction in history is logged publicly so if you buy with your wallet, and spend with your wallet you are publicly identified. There's lots of services to launder it and be anonymous though.

 

Thanks for the advice, I'm not in anyway tech savvy so every bit helps.

 

What about dogecoin?
I see it dropped after Elon was on SNL.
I just opened up a Robinhood account and wondered if I should make a small purchase.
I started the account today w $1000 and the wife is none the wiser. I can afford to lose it if it tanks.
Anyone have any thoughts on it.
My retirement investments are managed by a private firm locally so they wouldn't be involved here.

 

Just like with stocks it's all a gamble. It relies on other people and their whims. Bitcoin has been quite reliably trending upwards but that's after years and years of stagnation. It's entirely possible it can go to zero overnight. I invested in ethereum and Bitcoin and only gained with Bitcoin when I pulled out. Too volatile for me so I'm sticking with indexes.