Posted on 01/22/2022 4:33:39 AM PST by Browns Ultra Fan
“Why would anything related to Crypto be part of the DJIA???”
that’s not their point; their point is that digital coin reacts to issues like changes in cheap money supply just like other intangible or near-intangible “assets” and for the same reasons ...
LMAO!!
The FED finally just published their crypto white paper.
“Looks like I avoided another crash in the fake currency market 🤪”
Congratulations on wise decisions.
Myself I am invested in a Short-Term Fixed Income, which is up 1.8% year to date.
Debating how Interest rate increase will affect the Short-term fixed income returns.
“I have this theory that all forms of investment are ultimately chasing the same dollars”
spot on theory ... more than just a theory actually, that’s the reality ...
[btw, i just love all of this yammer about “value” in digital “currencies”, but for some some mysterious reason digital “currency” values are always stated in dollars, an actual currency that is so disparaged by the digital coin pimps as being worthless in value ...]
It’s great for someone who has some $$$ to play with and who can withstand losses. But it’s worse than useless to the average person. I guess you can make money if you run a mining operation - and those things suck. They’re like a blight on the landscape. Again, you can only make a TON of money off mining if you start out with a lot of $$$ to work with.
Tulips: History of Financial Bubbles 101 ...
And, why would anyone invest in a currency which instantly brings to mind the image of a coffin?
“Again, you can only make a TON of money off mining if you start out with a lot of $$$ to work with.”
just like most any other money-making venture ...
Exactly. The crypto money base keeps exploding as new coinz are created out of thin air. At least with a central bank there is some restraint to running the printing presses but in crypto world there is none.
If inflation is defined as TOO MUCH MONEY CHASING TOO FEW GOODS, how do more and more crypto coins coming into existance stop that from happening? THE ULTIMATE FIAT CURRENCY.
I have to admit I was shocked a few minutes ago when I checked the value of bitcoin ($35,500). Last time I checked it was around $65,000.
I guess they were at least good commercials for drawing an emotional response from people. Mine was a huge sense of relief, that I don’t have any of MY money tied up in that crap. Especially not when Matt’s mentor Klaus Schwab is talking about the coming great cyber crash that will supposedly make covid look like a walk in the park.
Looks like people are cashing in bitcoin to cover their paper losses in the rigged stock market.
Good idea!
Reinvest in Beanie Babbies. They will come back.
Good idea!
Reinvest in Beanie Babbies. They will come back.
Yes. It’s not magic, in other words.
“I have to admit I was shocked a few minutes ago when I checked the value of bitcoin ($35,500). Last time I checked it was around $65,000.”
that’s what you get for blinking ...
Well then, now is the time to buy.
And yet….the sun rose this morning.
Fascinating.
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