The Stock Market Thread

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

  1. Ssmiff

    Ssmiff Thick like Quaker Oats. AKA chubby.

    i thought it would already happen, but I guess with big companies now investing instead of staying away from it, it keeps rising. No way many single investors are buying btc at 60k, but there are a lot of funds out there now doing it.
     
  2. fl0at_

    fl0at_ Humorless, asinine, joyless pr*ck

    The beauty of crypto is that you can buy fractions.

    So if I jump in with 1k, I'm just getting 1/60th a coin. But someone else is getting 1k.
     
  3. IP

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

    I'm not saying no one has made or is making any money on it. I am saying at a certain point it isn't a lucrative investment if you aren't already in. And when that happens, the inherently unstable nature of it will cause it to fall, which will generate a positive feedback loop.
     
  4. Ssmiff

    Ssmiff Thick like Quaker Oats. AKA chubby.

    i had no idea there are more than 10,000 coins. Was looking early this morning at some charts . There are a bunch that were pennies and now $10, for example. Many I've never heard of. No idea how to predict which one will hit. I have btc, tezos, which has been a dog until recently, haven and bought some civic for .50 a few weeks ago. Missed out on the Etherium run, though its expected to double its 2500 price by next year. It was $180 I believe last April.
     
  5. Volst53

    Volst53 Super Moderator

    I don’t see Bitcoin making it due to who they’re taking a shot at.

    no way the government lets them be successful even if they’re right. They’ll regulate and ban it if forced too.


    I think we’re dangerously close to crashing the dollar but hopefully we can avoid that or I’m totally wrong
     
  6. fl0at_

    fl0at_ Humorless, asinine, joyless pr*ck

    I always thought a nation state that put out a currency would essentially render all others useless.

    But I don't think so anymore. People aren't using crypto because it has value. They are using it because it's raw, and it's inherently unable to be regulated. And, thanks to exchanges, it's now spendable.
     
  7. IP

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

    Ya, I think it is because it is inherently unregulated and also because it is volatile enough to make quick profits if you time things right.
     
  8. Ssmiff

    Ssmiff Thick like Quaker Oats. AKA chubby.

    Crypto taking a hit this morning
     
  9. fl0at_

    fl0at_ Humorless, asinine, joyless pr*ck

    I don't think it can be regulated. So long as it is exchangeable. And it will always be exchangeable.

    But, it could just go back to what it was in the early 2000s.
     
  10. IP

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

    It will always be a good way to clean money, so I don't think it ever goes away.
     
  11. TennTradition

    TennTradition Super Moderator

    A lot of Argentinians have been finding ways to make use of it during this period of hyperinflation.
     
  12. lumberjack4

    lumberjack4 Chieftain

  13. fl0at_

    fl0at_ Humorless, asinine, joyless pr*ck

    Pfft. Screw you dogecoin.
     
  14. TennTradition

    TennTradition Super Moderator

    woah
     
  15. IP

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

    People are stocking up before Elon Musk hosts SNL. Look for it to slide by the end of next week.
     
  16. NorrisAlan

    NorrisAlan Put Custom Title Here

    We should do a crossover thread with the movies thread and bring in the Comic Book crash of the mid 90s. Post-thread scene showing a guy picking up a beanie baby.
     
  17. LaneTrain

    LaneTrain Uncultured, non-diverse mod

    IP - I'm working on a return from someone who lives in Alexandria and wow y'all pay a lot of taxes.
     
  18. justingroves

    justingroves supermod

    My 20 dollar investment is really paying off
     
    fl0at_ likes this.
  19. IP

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

    yes, but we also have very nice services, parks, and schools.
     

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