Bitcoin, Ether Prices Crash as Cryptos Join Global Selloff. What Spooked Traders.

Barron's ^ | 8/5/2024 | George Glover

[Vaduz]

Indeed it isn’t backed up by anything a roll the dice game.

At least a bank has a FDIC statement to guarantee.

[montag813]

"The markets climb a wall of worry."

Whoever buys BTC and ETH now will likely be very happy a year from now.

[Tommy Revolts]

You would think the opposite for BTC. I’m going to keep stacking and holding.

[Vermont Lt]

It’s still up about 30% on the year (back of the envelope).

Yeah, it’s a nutty ride but after 11 years you kind of get used to it.

No other asset has the long term return in my portfolio that bitcoin has.

[Vermont Lt]

Yup. I was explaining this to my wife and them someone came on TV and said the same thing. We are geniuses!

[napscoordinator]

That’s interesting. Maybe not a bad move then.

[Vermont Lt]

I got in very early. Under $100. The best $2,500 investment in my life.

[freefdny]

I’m sure Kamala will give a press conference to calm the markets. Bidenomics works they keep telling us.

[GOPJ]

Warren Buffett buying short term treasuries spooked markets - and the fact silly word salad Kamala is moving up in polls...

[GOPJ]

When Buffett buys short term treasuries it means he’s concerned about our ‘reserve currency’ standing...

We might not pay our other debts but we’ll keep paying on the national debt because if we don’t - and other countries start pulling out - it’s over. So it’s a safe investment for Uncle Sam.

Uncle Sam will keep paying it... and rates might even go up if inflation continues the degradation of our currency. Hope for the best - plan for the worst.

[cgbg]

“When Buffett buys short term treasuries it means he’s concerned about our ‘reserve currency’ standing”

Smart guy.

That is why I buy them.

:-)

[cgbg]

My best “investment” was pre Covid at a local casino. My “system” actually worked for a full year.

I took my winnings and have not gone back.

I do not recommend this “investment strategy” to anyone.

Lol.

[napscoordinator]

Excellent.

[Vermont Lt]

I only put $20 in the slots when I go. Once I hit for $400. Paid for dinner.

[dennisw]

PING

[dware]

I bought Bitcoin yesterday. Already seeing a return.