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Re: bitcoin
Posted: Thu Dec 07, 2017 6:46 pm
by Topper
John McAffee LOL
Look up his murderous home in San Pedro and Corazol drug lab. Belizean adventures lol.
Re: bitcoin
Posted: Thu Dec 07, 2017 6:52 pm
by 5thhorseman
griz wrote:Did you get some bitcoin?
Not yet, but it is interesting reading. I can see it growing in value as the trading network and user base expands, but I wonder if there might be a clampdown someday due to the organised crime element.
Still got to research some more, but it's also possible to make 2x, 5x, or 10x your money on stocks, so bitcoin is not the be all and end all.
Re: bitcoin
Posted: Thu Dec 07, 2017 11:10 pm
by griz
5thhorseman wrote:griz wrote:Did you get some bitcoin?
Not yet, but it is interesting reading. I can see it growing in value as the trading network and user base expands, but I wonder if there might be a clampdown someday due to the organised crime element.
When you hear that some criminals have used bitcoin, keep in mind that some criminals have also used USD/CAD.
5thhorseman wrote:Still got to research some more, but it's also possible to make 2x, 5x, or 10x your money on stocks, so bitcoin is not the be all and end all.
Definitely. The more ways to earn the better! CME is starting bitcoin futures in a week or two and that should open it up to a LOT more people.
John McAffee, Trump, Boeser and Bitcoin rocks!
Re: bitcoin
Posted: Thu Feb 15, 2018 3:45 pm
by Cornuck
Interesting look at bitcoin and the power consumption needed to keep it going.
https://arstechnica.com/tech-policy/201 ... explained/
Comments section actually is interesting for once...
Re: bitcoin
Posted: Mon Feb 19, 2018 11:52 pm
by Per
Re: bitcoin
Posted: Thu Feb 14, 2019 6:57 am
by Cornuck
Topper wrote: ↑Sat Dec 02, 2017 2:25 pm
Reads like a pump and dump
Current price: $3565....
Somebody made a shitload of money. I'm guessing many more lost a shitload.
Re: bitcoin
Posted: Thu Feb 14, 2019 11:06 am
by 5thhorseman
Cornuck wrote: ↑Thu Feb 14, 2019 6:57 am
Topper wrote: ↑Sat Dec 02, 2017 2:25 pm
Reads like a pump and dump
Current price: $3565....
Somebody made a shitload of money. I'm guessing many more lost a shitload.
Yeah, don't invest in something you don't even remotely understand. Wonder if griz got out in time.
Re: bitcoin
Posted: Thu Feb 14, 2019 12:24 pm
by Topper
I wonder if short selling was a possibility?
Re: bitcoin
Posted: Thu Feb 14, 2019 3:22 pm
by 5thhorseman
I got sucked into a pump and dump early on in my investing career. Only a few grand lost; seemed a lot at the time but now it's small change for the lesson I learned.
Re: bitcoin
Posted: Fri Feb 15, 2019 4:16 am
by Per
5thhorseman wrote: ↑Thu Feb 14, 2019 11:06 am
Cornuck wrote: ↑Thu Feb 14, 2019 6:57 am
Topper wrote: ↑Sat Dec 02, 2017 2:25 pm
Reads like a pump and dump
Current price: $3565....
Somebody made a shitload of money. I'm guessing many more lost a shitload.
Yeah, don't invest in something you don't even remotely understand. Wonder if griz got out in time.
What little I understood made me stay away. It's a currency. Currencies fluctuate. When more people want more of a specific currency, the value goes up. When less people want it, the value goes down. It seems highly implausible that any currency would increase in value indefinitely. Even less so a currency that is not propped up by any government or central bank. It looked like a big bubble, and bubbles are prone to bursting.
That being said, there were people in Holland in the 1600's that built fortunes trading tulip bulbs.
https://www.investopedia.com/features/c ... ashes2.asp
The earliest known financial speculation bubble.
If you get in early, and get out before the inevitable crash, you can do quite nicely. But it is a hell of a risk.
Once you start reading about these things in a newspaper it's usually too late to join.
Re: bitcoin
Posted: Fri Feb 15, 2019 5:45 am
by Topper
Per wrote: ↑Fri Feb 15, 2019 4:16 am
5thhorseman wrote: ↑Thu Feb 14, 2019 11:06 am
Cornuck wrote: ↑Thu Feb 14, 2019 6:57 am
Topper wrote: ↑Sat Dec 02, 2017 2:25 pm
Reads like a pump and dump
Current price: $3565....
Somebody made a shitload of money. I'm guessing many more lost a shitload.
Yeah, don't invest in something you don't even remotely understand. Wonder if griz got out in time.
What little I understood made me stay away. It's a currency. Currencies fluctuate. When more people want more of a specific currency, the value goes up. When less people want it, the value goes down. It seems highly implausible that any currency would increase in value indefinitely. Even less so a currency that is not propped up by any government or central bank. It looked like a big bubble, and bubbles are prone to bursting.
That being said, there were people in Holland in the 1600's that built fortunes trading tulip bulbs.
https://www.investopedia.com/features/c ... ashes2.asp
The earliest known financial speculation bubble.
If you get in early, and get out before the inevitable crash, you can do quite nicely. But it is a hell of a risk.
Once you start reading about these things in a newspaper it's usually too late to join.
I know people who made millions on Bre-X. I was prompted by my broker to buy in at $12, I declined because I didn't trust a project booming like that in a country controlled by the Suharto clan. Sooner or later they would get their cut and things would get messy.
Re: bitcoin
Posted: Wed Nov 03, 2021 2:24 am
by Per
Re: bitcoin
Posted: Tue Sep 03, 2024 4:34 pm
by 5thhorseman
DJT circling the drain since mid-July. Hope nobody here was foolish enough to invest in a business run by a con-man.
https://seekingalpha.com/article/471849 ... expiration
Re: bitcoin
Posted: Tue Sep 03, 2024 5:00 pm
by Chef Boi RD
Chef is doing great on an AI deal. Bought seed stock at pennies on the dollar. The thing is hotcakes, I tell ya!! Hotcakes!!!
Re: bitcoin
Posted: Thu Sep 19, 2024 10:55 pm
by 5thhorseman
DJT hitting a 52-week low today, just as the lockup expires allowing Trump to sell his shares. Obviously he won't, as it would tank the stock, but that's the only news you see.
The real story is that Truth Social is just a vehicle for Trump to personally benefit from the presidency should he win, as "advertisers" flock to the platform. It's potentially more lucrative than foreign governments booking swathes of hotel rooms.
