Crypto currency
 

Such is the life of the rich taking from the poor , investing money into money which is so easily erased by the failure of the “technology “ , it’s watching the soon to be train wreck that is so escapable right now but the money fever is kept going daily with what you read , it’s a delusion fed by wall street , college built high stakes investment minded manipulating chess planners have set the board up to end , this regains its self only through the social networks into existence . Find out for yourself , Key words on research / build your study into and realize the hipe played onto the public , look who’s speaking it up , who will gain in the end , A fraud on the financial industry , we should all be alarmed and very wary whats going on and what’s at stake , not just a bunch of kids , but young adults are being drawn in by the millions into it as the future via social media ..

The Winklevoss twin brothers are highly invested and are hedged as gate keepers over the stock buying and selling of the technology . Wage your beats , Wall Street is like getting into shark infested waters and you are the bait as you wade in deeper and deeper , many unbothered people thinking the above water fins visable on the horizon are from playing dolphins awaiting you .

Anything that does not seem to have an element of common sense. I try to stay away from. In many things today that has not proven the best course for many. So I find it pretty confusing.

I coined this era for some personal recognition as the age of illusions.

There remain things out there that are solid as a rock. Like getting into owning a decent larger apartment building in the right place. It has to be large enough to employ a good professional management service.

You refinance it every five years and put the money in your pocket. Problem is finding them as corporate arms love them. Pulling the equity every five years protects you in many ways. Almost all you need to start is a bank that trusts you. You of course use accountants and lawyers from the start. You are buying a business.

Nothing in this world is a sure thing. Yet there are many things that have relativly much higher risk factors. Rents over time tend to increase. So generally there are not too many downsides. I cannot see vacant rental space being an issue if a good choice is made.

Yep. I don't invest in anything I don't understand so no bit coin for me.

Investing
 

A wise man once said " there's another sucker born ever minute" and wow was he ever right .

Investing is tricky no matter what .

I have friends who tried large apartment buildings in the So. Cal. area in the early 1990's, who could possibly imagine there'd be a glut of apartments and he wasn't able to maintain anywhere near 50 % occupancy .

There went his retirement dreams and money up in smoke .

I invest, mostly blue chip stocks, they, like all stocks, go up and down but over time have done really well .

I hope to leave my grand children a nest egg .

In my 20's my friend's Mom whom was a WWII war bride, began to read the stock reports and made a little game of it ~ for one year she pretended she had some investment money and played at it keeping close records of what worked and what didn't .

By 1977 or so she was able to pay off their house and support her husband who'd been a non union carpenter at Disney Studios for decades, they dumped him when he was too old to get another job in spite of being a good worker .

I know an *extremely* rich kid my son went to high school with , he spends about two hours every morning handling his investments then plays the day away buying nice houses and re doing them over better than any of the B.S. 'flip this house' idiots, he always makes millions .

It takes time and perseverance to make it big in investing .

back then there were not many tenants :)

Vice News did an in-depth Story /Inside the Cryptocurrency Revolution , YouTube

Gathered from this report gives rise to one important player , the very young Vitalyk Buterin who started the crypto currency Ethereum at 21 , in his own words he describes hearing of bitcoin and used the transaction as employment writing articles for the currency as an advocate reporter of sorts .What is of question with the very early rise of receiving payment with bitcoin as monitory payment his wealth has also grown and started with it his own start up currency . Now at 24 he is on the international stage of this technology . I hear the name Ether in its title , a colorless odorless liquid used as an Anestetic , evaporative into gas , like your money . He is out front while the Bitcoin player is cloaked as a trainer of sorts .

One of our members in the appliance business. Was mining bitcoin years ago. We never see him post anymore yet I hope he has done well.

I expressed an opinion to pay for the mining machines if possible first. If it collapsed otherwise you could lose money. I did not speculate at the time if it would become what it has or would not.

He was a strong believer and he may have been nicely rewarded for it. i kind of enjoy other people doing well. Also he was not out buying them at market price. So even back then I thought any financial exposure he had was minimal.

Crypto currencies have one potential problem at least in my mind. The wealthiest man in the world possibly watches them. If he ever feels they are a risk to him. I suspect he will eliminate the risk. You can do a lot if you control 700 trillion dollars. That family historically never had any issue with dealing with anything they saw as problems. The net worth I mentioned is an older figure as well. What would it be today?

The history of mediums of exchange goes back centuries, of course. If I have two cows and you have a car and we agree to trade, so be it. Trade is trade, regardless of the medium of exchange.

Federal Reserve Notes
Bitcoin
Gold
Silver
diamonds
rubies
emeralds
cows
pigs
chickens
boats

any items that any two people agree to exchange gets the job done. I was recently told about a local car dealer who has traded cars for cattle.

700 trillion dollars sounds like it would still be more than ever existed to this point :)

Scammers & Piramyid Schemes
 

I too hope he's O.K. but the basic facts remain : someone always get hurt .

The barter system as mentioned by husky man is indeed alive and well .

Bannon is working on a new crypto, but it is not fit for this part of the forum :)

My crypto is up 234% over 3 yrs as of right now.

Riding High
 

Excellent David ! .

What will you do if it crashes over night ? .