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#61
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#62
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__________________
Sent from an agnostic abacus 2014 C250 21,XXX my new DD ** 2013 GLK 350 18,000 Wife's new DD** - With out god, life is everything. - God is an ever receding pocket of scientific ignorance that's getting smaller and smaller as time moves on..." Neil DeGrasse Tyson - You can pray for me, I'll think for you. - When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours. |
#63
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Confirmation bias is deadly.
The question is whether those gains can be held. The bull case is that digital "coins" are like gold, and people will want them as an inflation hedge. There's an alternative bull case that some form of digital coinage can replace money (but it can't be Bitcoin, and since there can only be one winner, which?) The bear case is that it's an obvious Ponzi scheme, and the axe will fall when the last sucker bellies up to the bar. Madoff investors consistently made 10% per year, but were sadly disappointed in the end. Win or lose for digital currency is the long game being played by Robinhood. Robinhood's hypothetical market cap is in the tens of billions. You may think that's normal for this world of billionaires we live in, but it's really not. It's the most valuable brokerage in the history of finance. Firms of this size would be lucky to command a cap of $100 million. What gives? Their long game is to force the street into real time settlement, which would require a medium that moves faster than money. Blowing apart the DTCC system would put $75 trillion in cash and stock into some sort of digital token system. All the wealth in the world.That's what the coin world is really all about. If that happens, you want to be holding the winning coinage. If that doesn't happen, you're just surfing the wave, so watch out for the riptide. |
#64
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It could disappear tomorrow and I would be fine. Not saying my principle is chicken scratch but it is not going to affect my life style should it vanish.
__________________
Sent from an agnostic abacus 2014 C250 21,XXX my new DD ** 2013 GLK 350 18,000 Wife's new DD** - With out god, life is everything. - God is an ever receding pocket of scientific ignorance that's getting smaller and smaller as time moves on..." Neil DeGrasse Tyson - You can pray for me, I'll think for you. - When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours. |
#65
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How is Robinhood the most valuable brokerage? They have about $20 billion in assets under management compared to the big boys like Vanguard that has over $7 trillion. RH is successful because it provided a superior user platform for the retail investor with zero commissions - making all their money from payments from order flow. |
#66
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A friend of mine and me invested a large portion of our savings in tech stocks last year, for a few years time. We were both up good, now after tech correction, not so much.
I've been skeptical about bitcoin since I got burned a few years back during that 10k spike, so I did not invest. He bought a fraction of BTC and ETH. Now he's over 3x on his crypto investment, practically hedging against his tech loss. |
#67
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I am an older pretty simple guy. It took me looking around to decide. That selling hype is the new reality. It is being used in many ways more than ever. Every era has something unusual. For example we are far too well established currently in the era of easy credit. So much so that people to me are not looking at value. Especially in this crazy run up of prices in Canadian real estate. Justification seems to be the hype it will be worth more tomorrow.That may be the truth. Yet i see no absolute gaurantee. Especially since it has already stretched many people out to their financial limits. They are buying the hype in mass numbers. The debt loadings they are servicing have never been seen before in my lifetime.At the individual level.. I suspect we are witnessing a huge distortion. Why huge is if it goes down it could be very serious. Personally I suspect it will just go on. Too big to let it easily fail comes to mind. Last edited by barry12345; 05-15-2021 at 12:14 PM. |
#68
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Maybe I should have asked if you plan to use/spend it, or wait for a chump to pay for something that has zero intrinsic value.
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#69
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I've yet to pull trigger on crypto but I did pick up add shares of CVX to the portfolio in Oct of last year.
__________________
Jim |
#70
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Not sure what you do not get about this. I am up about $10k. I could cash out right now, transfer the money into my bank and call it a day. Why is this so hard to understand? I know many who have cashed out, bought back in ..road the wave ... etc. They put cash in and get cash out.
__________________
Sent from an agnostic abacus 2014 C250 21,XXX my new DD ** 2013 GLK 350 18,000 Wife's new DD** - With out god, life is everything. - God is an ever receding pocket of scientific ignorance that's getting smaller and smaller as time moves on..." Neil DeGrasse Tyson - You can pray for me, I'll think for you. - When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours. |
#71
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Thinking
Thanx Fellas .
Keep on .
__________________
-Nate 1982 240D 408,XXX miles Ignorance is the mother of suspicion and fear is the father I did then what I knew how to do ~ now that I know better I do better |
#72
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Crypto is basically easy to understand. As long as you can convert it back into legal type currencies. It will probably persist..
The day you cannot it is history. There are no laws that prevent that occurring. You have to reduce things to their basics. |
#73
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#74
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Wut?
I'm up from my initial investment (taken a bit of beating over the past few days) and it will go up and down. What is your issue with crypto?
__________________
Sent from an agnostic abacus 2014 C250 21,XXX my new DD ** 2013 GLK 350 18,000 Wife's new DD** - With out god, life is everything. - God is an ever receding pocket of scientific ignorance that's getting smaller and smaller as time moves on..." Neil DeGrasse Tyson - You can pray for me, I'll think for you. - When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours. |
#75
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Ease of use, and it has zero intrinsic value. Can you borrow against it from a bank, how liquid is it, is there a bid and ask price. I don't have enough time to answer all of my issues with it.
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