All Forum Posts by: Eric Carr

Quote from @V.G Jason:

Well the time has come, it exceeded $100k tonight.

It may very well hit $70k, before it hits $150k. But the reality is this will continue being the best asset on a yield basis as time goes. 

It may not go to 70k. As you know anything can happen.I see no cause for it. There was so much going on in the world and a pro Bitcoin president and government are taking over in January. 

for anyone else that criticized me in the past over this. It's not a stock. And you let your ego get in the way

I was silent during the previous ath earlier this year,  during the Blackrock, fidelity,  and the other etf launches, during Bhutans btc mining becoming 1/3 of thier GDP, during BRICS announcement to mine, during 4 US presidential candidates publicly backing btc. Hong Kong launching a btc etf. 

now we have a bitcoin president, and the house is following.  

I'm here to remind everyone the writing has been on the wall. 

Congratulations to everyone who ignored the noise, bought, and held. 

Goldman Sachs has named bitcoin the best performing asset of the past year to date. And they back it up, with a chart

Dekabank, One of Germany's largest asset managers will offer bitcoin

Golden sacks calls bitcoin the best performing asset of the past year today. And they actually show a chart

Dekabank, One of Germany's largest asset managers is set to offer bitcoin 

Well, well, well, WellsFargo is fined again for widespread, deposit account, mortgage, and auto loan mismanagement.$3.7B fine

Brazil puts a law in place regulating bitcoin as a payment method

Quote from @Reggie Smith:

Quote from @Eric Carr:

Bahrain is now accepting bitcoin for phone payments  

One of Japan's largest utility companies is using excess power to mine bitcoin

Fidelity launched their retail crypto trading platform

Larry Fink at Blackrock says tokenized assets are the future

Harvard tells central banks they need to start buying bitcoin

Terrell and Taylor Swift are already plotting against Harvard.

 Bitcoin,crypto is the future...so many companies are adopting and building behind the scenes.  There is a reason why Fidelity, and the some of the other big boys are offering crypto trading and custody to there wealthy clients.  Adoption is happening and crypto isn't going anywhere.  What's your take on XRP?

I heard a figure not too long ago that out of 20K alt coins, only 4 have reached their previous all time high. I have enough BTC that I don't need to pay attention to any of that stuff, so I'm not the best person to ask. But I have seen a lot over 9 years and the patterns continue to play out. Do your research, make your decision, ignore the noise 

Quote from @Reggie Smith:

Quote from @Eric Carr:

Bahrain is now accepting bitcoin for phone payments  

One of Japan's largest utility companies is using excess power to mine bitcoin

Fidelity launched their retail crypto trading platform

Larry Fink at Blackrock says tokenized assets are the future

Harvard tells central banks they need to start buying bitcoin

Terrell and Taylor Swift are already plotting against Harvard.

 Bitcoin,crypto is the future...so many companies are adopting and building behind the scenes.  There is a reason why Fidelity, and the some of the other big boys are offering crypto trading and custody to there wealthy clients.  Adoption is happening and crypto isn't going anywhere.  What's your take on XRP?

Mastercard, Visa, PayPal, square, they are all building on and adopting. I bought BTC, just about going on 9 years ago. For the reasons @v.g. mentioned above, plus some. To me, it's the purest form of hard money and the most efficient. 
So the alt coin stuff, some of those may win, but 98% of what's out there will probably disappear. Obviously, if XRP wins the lawsuit, that will be good for them. But I also know the SEC can drag this lawsuit out forever until possibly ripple basically goes broke. That's one possibility. 
To keep it short, probably a handful of the crypto alt stuff will have a use case and will be adopted. I don't believe it's possible to pick the winners ahead of time, and I'm not a VC. I started buying ether when it was $20 and $60, and have just held. But it's not the thing I'm going to hold for the next 10 years. Being in crypto for the last 9 years, I've seen the cycles, and I've seen the speculative tokens come and go. My advice, understand anything that you're investing in and have the utmost belief in the use case. And for me, I don't like anything with a single point of failure or that can be changed. Vitalic decided that eth was going to be deflationary so they started burning supply. Then he decided they were going to switch to proof of stake - which is basically fractional reserve fiat. They can make any change or change anything back, whenever they want. And as in the case of ripple, there's a single attack point. There's a CEO, and office, employees. My advice to anyone, just buy bitcoin and hold. A lot of the old stuff is a security and the SEC is already going after those, as also in the case of ripple. 

Quote from @Terrell Garren:

Quote from @Eric Carr:

Bahrain is now accepting bitcoin for phone payments  

One of Japan's largest utility companies is using excess power to mine bitcoin

Fidelity launched their retail crypto trading platform

Larry Fink at Blackrock says tokenized assets are the future

Harvard tells central banks they need to start buying bitcoin

Terrell and Taylor Swift are already plotting against Harvard.

It appears you still have your SBF poster on the wall above your bed. 

 Har-har, nice try. Do you remember posting the FTX news as if I should have worried?  Do you remember me commenting that Sam should be in jail? Well, guess what? 

Bahrain is now accepting bitcoin for phone payments  

One of Japan's largest utility companies is using excess power to mine bitcoin

Fidelity launched their retail crypto trading platform

Larry Fink at Blackrock says tokenized assets are the future

Harvard tells central banks they need to start buying bitcoin

Terrell and Taylor Swift are already plotting against Harvard.