BitCoin
Quote: billryanLast month, BC market cap was 1.1 trillion dollars. Today it is under 600 billion.
Where did the missing 500 billion go?
It never existed in the first place. Nor does the other 600 billion. There is no net wealth created from Bitcoin. For every dollar somebody profits, somebody else will lose a dollar, eventually.
Hi Wiz,Quote: WizardIt never existed in the first place. Nor does the other 600 billion. There is no net wealth created from Bitcoin. For dollar somebody profits, somebody else will lose a dollar, eventually.
What's the current situation with wizcoin?Did you win or lose on issuing those? Any action still in play?
Asking for a friend :o)
Quote: WizardIt never existed in the first place. Nor does the other 600 billion.
Exactly! Just like Beanie Babies and Elvis plates there was no value there to begin with. Any value there came from an agreement among the collectors. The only place Bitcoin has value it's in the minds of the Bitcoin collectors. Why is this so hard to understand. In the 80s and 90s if you had a collection of something you wrote a collector's guide and you priced the items at what you felt they should be worth. Other collectors bought the book and used it as their price guide.
That all went out the window with the internet and eBay. All of a sudden collectors could look at the real market in real time and see exactly what their items were worth today. It made some people very happy, but it made more people very very unhappy. With Bitcoin you get to see a minute to minute update of what the collectors think it's worth. Not a good thing for a collectible.
Quote: darkozMeanwhile there is someone in the world who purchased a Bitcoin yesterday and sold it today for a $5,000 profit.
Because that's how Collectibles work. You buy low and you sell high. There is nobody who bought a $100 USD bill yesterday and sold it today for $500. That's not how currency works. The $100 bill is still worth $100 today. It's called stability, that's what real currency depends on. Bitcoin is not currency. Get it? Got it? Good....
Quote: darkozMeanwhile there is someone in the world who purchased a Bitcoin yesterday and sold it today for a $5,000 profit.
Well now, that changes everything. Doesn't it?
Quote: OnceDearHi Wiz,
What's the current situation with wizcoin?Did you win or lose on issuing those? Any action still in play?
Asking for a friend :o)
You're right. I was the big loser on that.
No.... There is someone who bought a $100 bill* for X Euro and sold it later for Y Euro or x Bitcoin and sold it for Y Bitcoin.or bought a $100 bill for a chunk of best steak weighing x Kg and sold it later for Y kg of Best steak.Quote: EvenBobBecause that's how Collectibles work. You buy low and you sell high. There is nobody who bought a $100 USD bill yesterday and sold it today for $500. That's not how currency works. The $100 bill is still worth $100 today. It's called stability, that's what real currency depends on. Bitcoin is not currency. Get it? Got it? Good....
Let go of the concept that the value of your precious dollar is a constant... It's just more stable in value tha some other items of value, because let's face it, it;s got the value inertia associated with being globally huge.
* Or equivalent Who cares if it paper money or just a balance in an account.
Quote: WizardYou're right. I was the big loser on that.
That wasn't my point. I was just curious if there are any open positions on wizcoin?
Care to open one now ? :o)
Quote: WizardYou're right. I was the big loser on that.
If you don't believe crypto has any value why did you launch your own.
For the record there are a number of crypto currencies that create value. Plenty that don't but some that do
How does Wizcoin work?
Quote: EvenBobBecause that's how Collectibles work. You buy low and you sell high. There is nobody who bought a $100 USD bill yesterday and sold it today for $500. That's not how currency works. The $100 bill is still worth $100 today. It's called stability, that's what real currency depends on. Bitcoin is not currency. Get it? Got it? Good....
If anything Fiat currency is constantly devaluing.
Your idea of stability is inflation!
LMAO
As I understand it, Wizard would create and sell you a wizcoin at the then price of bitcoin, and you could sell it back to him at any future date at the then value of BTC. I don't know if he imposed time constraints, or he could have been up 5hi1t creek without a paddle.Quote: darkozIf you don't believe crypto has any value why did you launch your own.
For the record there are a number of crypto currencies that create value. Plenty that don't but some that do
How does Wizcoin work?
Does that include the electric companies, miners, transaction processing companies, people who sell mining equipment, and the exchanges, and whatever else?Quote: WizardIt never existed in the first place. Nor does the other 600 billion. There is no net wealth created from Bitcoin. For every dollar somebody profits, somebody else will lose a dollar, eventually.
it's kind of amusing for me to read on a gambling site from people who obviously love gambling that BTC has no real value
does a crap game or a slot machine have real value?
obviously all or most of the people here believe gambling somehow in some way has value or they wouldn't be gambling
it may be irrelevant if BTC or other Crypto can function effectively as a currency if it can function effectively as a gambling mechanism
if it's what people want.............."let's give it to them"........................said the man
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Quote: AxelWolfDoes that include the electric companies, miners, transaction processing companies, people who sell mining equipment, and the exchanges, and whatever else?
I'm not sure how it turned out but last year two small towns upstate were basically bankrupted by rogue mining operations that somehow hacked into the town's grid, ran up hundreds of thousands of dollars of usage and tried to flee.
Quote: OnceDearNo.... There is someone who bought a $100 bill* for X Eur
There is nobody who got a $100 bill from
their bank and took it back the next day and
the bank gave them $500 for it. That's
what a collectible like Bitcoin does. You
can spin your fantasies all you want, BC
is NOT a currency.
Quote: billryanI was reading an article on the future of EV vehicles from three years ago. Forbes thought the future was rosy and profiled over a dozen companies that it felt had the right stuff. Three years later Tesla is prospering. One other company is holding on and the rest went belly-up.
the above is not going to go down in history as one of Bill Ryan's greatest posts
in February (see link) Car & Driver listed 19 different electric vehicles for sale right now in the U.S.
some are made by the same company
but there's at least 9 or 10 or more different companies offering electric vehicles
https://www.caranddriver.com/shopping-advice/g32463239/new-ev-models-us/
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Quote: lilredroosterthe above is not going to go down in history as one of Bill Ryan's greatest posts
in February (see link) Car & Driver listed 19 different electric vehicles for sale right now in the U.S.
some are made by the same company
but there's at least 9 or 10 or more different companies offering electric vehicles
https://www.caranddriver.com/shopping-advice/g32463239/new-ev-models-us/
You are mixing apples and oranges. No one is saying Tesla is the lone surviving EV company. The three year old Forbes article examined 12 companies that it thought would be the among the market leaders as the EV market matured. Of the dozen profiled, only Tesla has been successful, and only one of the eleven others is still in business.
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Quote: billryanI was reading an article on the future of EV vehicles from three years ago. Forbes thought the future was rosy
excuse me
you implied that Forbes was dead wrong in assessing the future as being bright for electric vehicles
you then tried to say the important point of your post was that the companies they profiled did not fare well
Forbes may have been wrong about the particular companies but they were not wrong about electric vehicles
it was you who was wrong in your implication
it was like saying "I was not wrong in saying Crypto would fail because Dogecoin failed" (if it ever does fail)
a person would be very foolish indeed to bet against electric vehicles
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Quote: billryanI was reading an article on the future of EV vehicles from three years ago. Forbes thought the future was rosy and profiled over a dozen companies
Predictions about the future are notoriously off the mark. Bill Gates looked at the internet in 1992 and predicted it wasn't worthwhile, it would never go anywhere. Mark Twain predicted the telephone would be a fad, a useless toy. Accurate predictions are hard to make because nobody can foresee all the little things that will happen that will mold the future. I predict there are discoveries that will be made that we know nothing about now that will greatly impact the future therefore making it impossible to predict. There is a hilarious movie short from 100 years ago predicting the future. Absolutely none of it came true because they had no idea of the discoveries that would be made along the way.
They thought in the year 2000 we would still be flying around in biplanes. lol
My point was that three years ago, Forbes thought the EV market was going to grow and picked companies it thought would lead the way. If someone bought into every company profiled, they would not have done very well even though the market for EVs has grown.
Let me make one thing clear. My opinion on a stock or a painting or a house or land comes down to one thing. Does it produce income , revolutionize a sector or have a good chance to double in the next five years. bitcoin produces no income and I don't think it will double in five years. While it certainly revolutionized the sector, that's in the past. Even at half off, it's not for me. Someone whose advice I pay attention to sees it at $70,000 in five years or so. Thats a decent rate of return but it's per speculation on his part.
Quote: EvenBobThere is nobody who got a $100 bill from
their bank and took it back the next day and
the bank gave them $500 for it. That's
what a collectible like Bitcoin does.
EB. Revisit what you just said. Your logic is flawed.
There is nobody who got One Bitcoin from the blockchain and took it back the next day and the blockchain gave them Five Bitcoins for it!
So. NO. That's not what a collectible like Bitcoin does. It's not what currency of any sort does. Your argument is a straw man.
Value of ANY currency is what the bearer assigns to it. A person may offer to give you one hour of his time, or one sack of potatoes or one gallon of gasoline for your dollar. He might give me the same for one Euro, or 0.00001BTC That's how currency works. Tomorrow, he might demand Five dollars, but accept Four Euro or 0.00002BTC for the same value of goods or services. If all his peers demand the same price, because confidence has gone in the stability of one currency or another, then that is inflation or deflation. Inflation can be caused by political unrest, any upset to supply/demand, including quantitative easing (QE).
One difference with Bitcoin, which I will grant you, is that the real world value that we assign to it is far more variable. It's not accepted everywhere, any more than the Euro or dollar is accepted everywhere. Another difference is that it is never subject to QE.
Sadly for we Bitcoin holders, if we were spending it on manhours, or potatoes, or gasoline, then one bitcoin would only have half the buying power, or value, that it had about a month ago. But then, what it buys now is still MANY times more than it could a year ago. We accept that risk.
It's BTC, not BC by the way, and it IS a currency. It's not a very good one, any more than the Rouble or Zimbabwean Dollar, but it is currency where it is accepted.
Quote: OnceDearEB. Revisit what you just said. Your logic is flawed.
Let me simplify this because you seem to be having a problem understanding it. If I go into my bank and get a $100 bill and keep it for a week, that bill is still going to be worth $100. If I buy a Bitcoin and keep it for a week, I have no idea what it will be worth. It could be a lot more it could be a lot less, who knows. If I went to my bank and got a $100 and bill did not know what it would be worth a week from now, I would not hang on to it for very long. Currency has to be stable or it is worthless. Bitcoin is the epitome of instability and therefore as a currency it is worthless. It is really not even a good collectible investment because you expect collectibles to go up in value over a period of time.
There is an old rule in the collectibles game that you never invest in something that was manufactured to be a collectible. Like Beanie Babies or Elvis plates. Things like comic books and baseball cards are good Investments because they were not made to be worth more in the future. Nobody bought a comic book in 1947 thinking I'm going to hang on to this for 40 years, it could be worth hundreds of dollars. Nobody bought a green plastic Catalin radio in 1940 for $35 thinking this radio is going to be worth $2,000 in the future. Collectibles just happen, they are not planned. Bitcoin was planned from the very start and this is why it will always be volatile, always, it will never be used as currency.
These radios were considered cheap junk in 1940 and now in mint condition can be worth thousands.
Let me simplify this because you seem to be having a problem understanding it. I can tell you exactly how much it will be worth. It will be worth 1 Bitcoin.Quote: EvenBobLet me simplify this because you seem to be having a problem understanding it. If I go into my bank and get a $100 bill and keep it for a week, that bill is still going to be worth $100. If I buy a Bitcoin and keep it for a week, I have no idea what it will be worth. It could be a lot more it could be a lot less, who knows.
What part of that don't you understand. You must see that your question is flawed: Your argument is without meaning.
You might well have said that you don't know what the dollar value of the bitcoin you buy will be by next week and that you'd rather not find out, and that would be reasonable. Just as reasonable as me saying that I don't know what the Bitcoin value of your $100 will be next week, either.
Dammit, man, do the exercise with Euro or Yen or pork bellies or barrels of oil instead of Bitcoin. The 'value' of currencies compared to each other vary all the time. The value of commodities varies in exactly the same way. There is no universal currency. Not the dollar, not the Yen. Not the Euro or Pound. Not even the barrel of oil or the Joule of electrical energy. The Dollar is dominant. But so what? So fleeting if its value falls compared to the goods or services that you need to buy with it.
And your dollar is MOSTLY stable. But it hasn't always been so and possible won't be so in future. If it is used to buy South American Coffee beans or Oil and the south american country prefers to exchange their coffee beans or oil for Bitcoin than for Dollars, then it might be better for you to exchange your dollars for Bitcoin before spending on said commodities, Thus the BTC-USD exchange rate might move.Quote:If I went to my bank and got a $100 and bill did not know what it would be worth a week from now, I would not hang on to it for very long. Currency has to be stable or it is worthless.
Not worthless if we are using 'worth' to mean purchasing power. Maybe 'worthless' if you mean as a means of payment. I'll happily agree that BTC is rubbish as a currency. But it still is one. As to comparing it as a bad collectible because it's not gone up in value over a period of time. That is laughable. Your focus on the last few weeks is totally blinkered.Quote:Bitcoin is the epitome of instability and therefore as a currency it is worthless. It is really not even a good collectible investment because you expect collectibles to go up in value over a period of time.
Are those green radios used as currency? Why not? Not even among green radio enthusiasts?Quote:There is an old rule in the collectibles game that you never invest in something that was manufactured to be a collectible. Like Beanie Babies or Elvis plates. Things like comic books and baseball cards are good Investments because they were not made to be worth more in the future. Nobody bought a comic book in 1947 thinking I'm going to hang on to this for 40 years, it could be worth hundreds of dollars. Nobody bought a green plastic Catalin radio in 1940 for $35 thinking this radio is going to be worth $2,000 in the future. Collectibles just happen, they are not planned. Bitcoin was planned from the very start and this is why it will always be volatile, always, it will never be used as currency.
BitCoin WILL become a legal tender, like it or not, if you don't believe me put your money where your mouth is.Quote: EvenBobCollectibles just happen, they are not planned. Bitcoin was planned from the very start and this is why it will always be volatile, always, it will never be used as currency.
If you can't afford to put money on it, or you are just unwilling to do so, how about this... I would be willing to bet it becomes a legal tender within the next 6 months, if not, ill stay off of all forums for 2 months, if it does, you stay off the forums for 2 months.
AW. 'Legal tender' has a very specific meaning. It would require legislation.Quote: AxelWolfBitCoin WILL become a legal tender, like it or not, if you don't believe me put your money where your mouth is.
If you can't afford to put money on it, or you are just unwilling to do so, how about this... I would be willing to bet it becomes a legal tender within the next 6 months, if not, ill stay off of all forums for 2 months, if it does, you stay off the forums for 2 months.
"money that is legally valid for the payment of debts and that MUST BE ACCEPTED for that purpose when offered"
I would wager that that would not be enshrined in US law in the next 12 months. Heck, US Laws don't tend to get enacted that quickly even when popular.
In many countries, The US Dollar, and to a lesser extent, the Euro is widely circulated and adopted. Some nations have totally accepted the US Dollar as their own national currency. El Salvador!!!
El Salvadore is engaging in a very weird and brave experiment, led by its rather unconventional president.
https://www.bloombergquint.com/crypto/el-salvador-s-bitcoin-bombshell-what-does-it-mean-quicktake
Quote: OnceDearI can tell you exactly how much it will be worth. It will be worth 1 Bitcoin.
Which translated into dollars and cents is how much exactly? You have no idea. I can guarantee you that a week from now my hundred dollar bill will be worth in dollars and cents what I paid for it. This is why eventually Bitcoin will go nowhere except away.
Quote: EvenBobWhich translated into dollars and cents is how much exactly? You have no idea. I can guarantee you that a week from now my hundred dollar bill will be worth in dollars and cents what I paid for it. This is why eventually Bitcoin will go nowhere except away.
Your argument is totally circular and without value
'This is why...'?
WTH does that mean? I don't assign value to your guarantee.
A dollar bill will always be exchangeable on a one for one basis with another dollar bill
A Bitcoin will always be exchangeable on a one for one basis with another Bitcoin.
Whoopdy doo. So what?
How many dollars a bitcoin will buy next week is the mystery
How many bitcoins a dollar will buy next week is the same mystery
How many dollars a rouble will buy next week is the mystery
How many roubles a dollar will buy next week is the same mystery
How many roubles a bitcoin will buy next week is the mystery
How many bitcoins a rouble will buy next week is the same mystery
How many [insert commodity of choice] a bitcoin will buy next week is the mystery
How many [insert commodity of choice] a dollar will buy next week is the mystery
It's just about exchange rates. There's nothing so special about any of those 'currencies'. Your dollar is what you choose to hold. Doesn't make you right.
Quote: OnceDearYour argument is totally circular and without value
No it's not and you know it's not. You are just so totally invested in the Bitcoin farce you can't see the forest for the trees..
"The entity responsible for the ransomware attack did not in fact have custody over their bitcoin. Instead, they were using a custodian for their funds. It is unclear whether this account with servers in the United States is an FBI wallet or the affiliate’s wallet, but the major error in bitcoin 101 custody remains the surprising issue. Using a custodian for your funds instead of maintaining possession of them is a very basic error, especially for an allegedly sophisticated hacking gang."- Article
" ...in the case of the JBS hack, Nogueira said that the company maintains secondary backups of all its data, which are encrypted. Here things get downright surreal: according to the official narrative, the company brought back operations at its plants using those backup systems, but "JBS’s technology experts cautioned the company that there was no guarantee that the hackers wouldn’t find another way to strike, and JBS’s consultants continued negotiating with the attackers."
So even though the company had regained control, it decided to... pay the hackers?" -Article
Nope. I'm just calling you out on some of your contrarian and low quality arguments.Quote: EvenBobNo it's not and you know it's not. You are just so totally invested in the Bitcoin farce you can't see the forest for the trees..
How little you know me. You assert that I'm 'so totally invested in the Bitcoin farce' but that couldn't be further from the truth. I can see that as investments go, the whole crypto-currency phenomena is built on vary shaky foundations. It's all built on the perceptions of young whippersnappers who see it as a get rich quick engine. I see that. But while their influence drives up my BTC values, I'll ride the trend (Since we are not dealing with random events, I accept this kind of trend is real,) I accept that Bitcoin, including my Bitcoin could soon be rendered as worthless as BitConnect coins. I'm not at all emotionally attached to my BTC holding, nor to the very concept of them. So there's that.
EVEN if they are the new tulips, South Sea Company, or Beanie Babies, I can and do see that they have established a long trend of value growth ( That's the value that they can be exchanged for in my preferred currency of GB£ ). I can also see that I've REALISED significant GB£ profits already by selling some of my holding to 'the bigger fool'. Though I could have sold later and profited more. So call me cynical, but not 'totally invested' Bitcoin are just a small proportion of my wealth portfolio, some of which are invested in Blue chips and some in managed funds and bonds. The forest that I see in my portfolio spreadsheet is an array of slow growing or declining and fast growing and occasionally declining assets. I don't ignore tulips where I see upward momentum and potential, but I'm under no illusions.
But back to your arguments. While I can accept that you don't have the same attitudes to risk, and opinions as I do, and that your currency of choice is the US$, when an argument is as circular as your 'dollar is worth a dollar' argument, I feel inclined to call you out.
Did someone upthread mention not taking financial advice from one who claims to have, but not use, a winning roulette method? I think he had a point. Don't take financial advice from me either, as I gamble for fun.
Plenty of people have gone to the supermarket and received a dollar as change and then said "hey throw me that $1 candy bar"
And come back a week later to the same supermarket and received that same dollar again as change and said "Hey, throw me that same candy bar for a dollar just like last week" to suddenly be told "Sorry, that dollar won't buy that candy bar anymore. The price went up. It's now a dollar and ten cents."
According to EB's logic his response would be "Well, that's fine cause I still have my dollar and it feels the same in between my fingers"
EB's argument is flawed because it rests on one assumption - that Crypto has no value
he fails to realize that value, like beauty, is in the eye of the beholder
plenty of things that are valueless to me have been tremendously successful in our society - rap music leads the way in this regard
there are plenty of movies and books that IMHO are horrible that are making tons of money
I see bird watching as being valueless but many love it and there are a lot of businesses thriving that cater to bird watchers
EB is not the ultimate arbiter of what has value and what does not have value
the ultimate arbiter is the public itself, who will or will not put their money where there mouth is
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It's hard to believe people would do that for something people compare to beanie babies.Quote: billryanI'm not sure how it turned out but last year two small towns upstate were basically bankrupted by rogue mining operations that somehow hacked into the town's grid, ran up hundreds of thousands of dollars of usage and tried to flee.
Would that not also make it a currency?Quote: OnceDearAW. 'Legal tender' has a very specific meaning. It would require legislation.
"money that is legally valid for the payment of debts and that MUST BE ACCEPTED for that purpose when offered"
I would wager that that would not be enshrined in US law in the next 12 months. Heck, US Laws don't tend to get enacted that quickly even when popular.
In many countries, The US Dollar, and to a lesser extent, the Euro is widely circulated and adopted. Some nations have totally accepted the US Dollar as their own national currency. El Salvador!!!
El Salvadore is engaging in a very weird and brave experiment, led by its rather unconventional president.
https://www.bloombergquint.com/crypto/el-salvador-s-bitcoin-bombshell-what-does-it-mean-quicktake
Imagine if this starts a trend for similar countries. I assume they either have a significant amount already, or they will have to start loading up. More negative Schadenfreude for EB.
How is that when bitcoin obviously has value. Whatever the market is paying for it, is the value.Quote: lilredrooster..................
he fails to realize that value, like beauty, is in the eye of the beholder
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What do you mean by personal custom currencies?Quote: josephrevellIt seems to me that the transition to personal custom currencies could destroy the global value of the unified currency. Custom cryptocurrencies can be thought of as relics, but relics become valuable over a longer period of time.
In Europe we went a long way to unified currency of the Euro, but that had a heavy political price because it took away control of monetary policy. Hard to have culturally and politically very different nations all trying to set fiscal and monetary policy when the power was handed to a multinational ( sort of federal) central bank. Issues like the Euro were used to encourage we Brits to leave Europe and that was one painful divorce!.
Is there a bank that currently exists that will lend me 25,000 BC today and will charge me 3% interest tied to future BC value?
Will anyone lease me an apartment for 1/33 of a BC monthly rent for the next two years.? While many businesses are beginning to take BC for payment, I'm not aware of any who will price things by BC.
I've been reading up on the proposed Salvadorian experiment and it strikes me as a publicity stunt doomed to failure.
Yes. Legal Tender is a very specific property, which is not in sight in the US.Quote: billryanI'm not sure what the exact definition of "legal tender" is, but as I understand it, BC is not legal tender and is years away from the possibility it would become so. I don't think a mechanism even exists for it to become so.
Is there a bank that currently exists that will lend me 25,000 BC today and will charge me 3% interest tied to future BC value?
Will anyone lease me an apartment for 1/33 of a BC monthly rent for the next two years.? While many businesses are beginning to take BC for payment, I'm not aware of any who will price things by BC.
I've been reading up on the proposed Salvadorian experiment and it strikes me as a publicity stunt doomed to failure.
Some Casinos operate completely in BTC, but many do fiat translation as you buy in or cash out. I think even Tesla struck the BTC price on a per sale basis, so were really pricing in dollars. Publicity stunt after publicity stunt from Musk.
Read about El salvadore's unconventional president. El Salvadore used to have its own currency until it tied to the Dollar. I reckon everything about this ES stunt is indeed doomed to failure. Other countries are planning to pull the same stunt.
https://www.bbc.com/news/world-latin-america-57398274Quote: billryanI'm not sure what the exact definition of "legal tender" is, but as I understand it, BC is not legal tender and is years away from the possibility it would become so. I don't think a mechanism even exists for it to become so.
Is there a bank that currently exists that will lend me 25,000 BC today and will charge me 3% interest tied to future BC value?
Will anyone lease me an apartment for 1/33 of a BC monthly rent for the next two years.? While many businesses are beginning to take BC for payment, I'm not aware of any who will price things by BC.
I've been reading up on the proposed Salvadorian experiment and it strikes me as a publicity stunt doomed to failure.
El Salvador has become the first country in the world to officially classify Bitcoin as legal currency.
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Now you can stop saying, it's not a currency.
Quote: AxelWolfhttps://www.bbc.com/news/world-latin-america-57398274
El Salvador has become the first country in the world to officially classify Bitcoin as legal currency.
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Now you can stop saying, it's not a currency.
Thanks, Axel
From the article:
"Bitcoin will become legal tender, alongside the US dollar, within 90 days"
And "all merchants must accept Bitcoin..."
Quote: TankoInstead, they were using a custodian for their funds.
Of course they were. Lol
I would consider honeybuns in prison to be a currency.
Quote: darkoz
And come back a week later to the same supermarket and received that same dollar again as change and said "Hey, throw me that same candy bar for a dollar just like last week" to suddenly be told "Sorry, that dollar won't buy that candy bar anymore. "
Wow, what a world you must live in. That has never happened to me once in my entire life and I've been grocery shopping since 1965. How awful it must be to be you. LOL Not only is the dollar extremely stable, grocery store prices are extremely stable in the USA. Except where you live of course.
Quote: lilredrooster.
there are plenty of movies and books that IMHO are horrible that are making tons of money
Will we ever use them as currency? You're not even comparing apples to oranges, you're comparing apples to asteroids
Quote: AxelWolfWhatever the market is paying for it, is the value.
Yes, that's how collectibles work. Not so with currencies. Elon Musk cannot change the value of the dollar by buying a whole bunch of dollars. Imagine if Bitcoin was currency. Why would you ever buy anything expensive with it, the rental property you just bought with Bitcoin might be worth half what you paid for it next week.
Quote: EvenBobWow, what a world you must live in. That has never happened to me once in my entire life and I've been grocery shopping since 1965. How awful it must be to be you. LOL Not only is the dollar extremely stable, grocery store prices are extremely stable in the USA. Except where you live of course.
This comment is about as fantastic as claims to beat Baccarat.
According to EB, since 1965, he has never had the price rise for items purchased in his supermarket.
Any believers in this scenario?
