Crypto Market Tops $1T as Bitcoin Breaches $37,000

Re:Crypto Market Tops $1T as Bitcoin Breaches $37,000 by Cthulhu_ on Thursday January 07, 2021 @09:55AM (#25671729)

Good, this means I can finally exit at a modest profit.

I jumped on the bandwagon in 2017, and made the mistake of doubling down in 2018. I put some in Ethereum which is a pretty solid coin in terms of value, but made the mistake of buying Ripple (XRP) and some other random shitcoins because of trying to spread my investments on the one hand, and assuming everything would follow the bitcoin anyway. Which is partially true I guess.

Anyway, my eth is up so if I sell that now I'll break even. I bought XRP at like $2 and then some, that one's only worth $0,18 at the time, lol.

We're not talking massive amounts thankfully, there was a limit on how much I could spend at once via credit card.

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Re:Crypto Market Tops $1T as Bitcoin Breaches $37,000 by rwmj on Thursday January 07, 2021 @10:11AM (#25671918)

Can you get your money out? As far as I know these prices are entirely notional, or maybe you can get only scam money (Tether) for your Bitcoin.

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Re:Crypto Market Tops $1T as Bitcoin Breaches $37,000 by onyb on Thursday January 07, 2021 @10:31AM (#25672129)

In other news, Coinbase filed for an IPO. Of course you can get your money. It's near-instant with at least the popular exchanges.

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Re:Crypto Market Tops $1T as Bitcoin Breaches $37,000 by drchopchop on Thursday January 07, 2021 @11:00AM (#25672485)

Can an institutional investor get $100M+ out without crashing the market?

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Re:Crypto Market Tops $1T as Bitcoin Breaches $37,000 by onyb on Thursday January 07, 2021 @12:27PM (#25674102)

Microstrategy's $425M buy order was brokered by Coinbase, and it didn't shoot up the price. Anyway, exchanges will usually deny placing such large orders. Institutions use OTC desks instead, and there are plenty of them these days.

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