The Stock Market Thread

Discussion in 'The Thunderdome' started by golfballs03, Oct 28, 2011.

  1. Ssmiff

    Ssmiff Thick like Quaker Oats. AKA chubby.

    I will pay off all your mortgages when my 490 million shiba hits $1.
     
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  2. Volst53

    Volst53 Super Moderator


    The major leg down hasn’t happened yet. We’ll chop around here till breaking down. I’d say we’ll check the 24-25k maybe 28k but I wouldn’t hold till then before crashing to the 12-13K range.


    I think we’ll both be fine. My biggest investments is still in land and real estate because that’s what I’m good at but I do think it’s a bigger risk to not at least hold a small portion in Bitcoin.
     
  3. Volst53

    Volst53 Super Moderator

    do you project that the world will be more or less digital in the future. I predict more, so I want to be exposed around 5% of my net worth in Bitcoin.

    now other cryptos I wouldn’t be in at all right now because I don’t think once regulation hits it will be kind to them and I think 90 to 95% are going to zero just like in the dot-com crash.
     
  4. Volst53

    Volst53 Super Moderator

    it was 18k Saturday I think briefly right around 17600.
     
  5. Volst53

    Volst53 Super Moderator


    If I’m buying into exchange FTX is the one I’d be looking at if I were you
     
  6. droski

    droski Traffic Criminal

    the world being more digital doesn't guarantee the price of bitcoin goes up.
     
  7. IP

    IP "You don't know what it is like in our universe."

    What happened to bored apes? Are they garbage yet?
     
  8. Volst53

    Volst53 Super Moderator

  9. fl0at_

    fl0at_ Humorless, asinine, joyless pr*ck

    Meanwhile 3090s available on eBay...
     
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  10. lumberjack4

    lumberjack4 Chieftain

    Bitcoin is a solution still in search of a problem. At least with ethereum you know what the platform does and enables. It might not be worth the market rate but it's clear it's a technology platform with an actual purpose (smart contracts, etc).

    Bitcoin isn't a currency and sure as hell isn't an inflation hedge. I'm not up to speed on what it's new purpose is yet. It's like BTC was the proof of concept for a block chain, but has been left in the dust when it comes to using a digital ledger for anything of value except pure speculation.
     
  11. Poppa T

    Poppa T Vol Geezer

    Can you bury them <bit>coins in a coffee can in your back yard? Asking for a friend.
     
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  12. Volst53

    Volst53 Super Moderator

    It is a transaction system of settlement is how Americans should view it. But smart contacts can and are done over Bitcoin.

    It is an inflation hedge in a lot of the world but we just live with tallest midget out of the fiat currency so we don’t need the volatility for getting out of the dollar short term.

    now if you live in Turkey, Argentina, or other places with hyperinflation and can’t get into the dollar. Bitcoin is a inflation hedge
     
  13. Ssmiff

    Ssmiff Thick like Quaker Oats. AKA chubby.

    think monkey pox scared them?
     
  14. Ssmiff

    Ssmiff Thick like Quaker Oats. AKA chubby.

    I read where eth mining is stopping. This shit is all confusing to me but when it stops, what happens to eth?
     
  15. Volst53

    Volst53 Super Moderator

    Eth is changing from proof of work to proof of stake.

    Eth is most likely a security and isn’t decentralized and has a board running it, so they premine and can change, or coin it however they want right now.
     
  16. fl0at_

    fl0at_ Humorless, asinine, joyless pr*ck

    You can, but if the bits don't get some electricity, the money can evaporate.

    In a few years, maybe even now, there are going a be a lot of people who learn flash drives need to be plugged in every now and a again...
     
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  17. droski

    droski Traffic Criminal

    Bitcoin is acting an awful lot like gold. Collapsing once we see real inflation and emotion driven
     
  18. Volst53

    Volst53 Super Moderator

    Yeah gold dropped quite a bit in the 08/09 crash.

    when people are getting liquidated. They’re forced to sell assets and that drives the price down.


    the good thing about Bitcoin is that in the down turns you can see the addresses that sell. Generally 85-90% don’t sell not matter how ugly it gets and 10-15% are the ones being selling
     
  19. fl0at_

    fl0at_ Humorless, asinine, joyless pr*ck

    If you can loan against it, you don't have to sell. Which would give me a lot of pause, because it means if those loans got called in... it would be an instant crash. Instant.

    Poof.
     
  20. fl0at_

    fl0at_ Humorless, asinine, joyless pr*ck

     
    Poppa T and IP like this.

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