BitCoin
More people use BTC as a medium of exchange than people do DC, but then people also use BTC as a stored value.Quote: billryanIt seems Dogecoin's users actually use it as a medium of exchange and not a vessel of stored value.
Thinking that a thirty cent anything has a better chance of being a better investment than a $45,000 thing is not particularly encouraging. Dogecoin can literally double based on something someone says. I don't believe BC can do that.
Why does the fact that something can double based on what someone says make it good/a bright future?
What's the relevance of all this?Quote: billryanDogecoin extends its one-month surge to 100% after Elon Musk agrees with Mark Cuban's bullish take on the crypto
Emily Graffeo
Mon, August 16, 2021, 7:23 AM·2 min read
Bitcoin and dogecoin cryptocurrency coins are pictured in Kyiv on 08 July, 2021.
STR/NurPhoto via Getty Images
Dogecoin spiked as much as 16% Monday to $0.351 after Elon Musk and Mark Cuban reiterated their bullish stances on the meme token over the weekend.
The price move brings dogecoin's one-month gain to roughly 100% as it outpaces larger coins like bitcoin and ether.
Dogecoin's continued climb also comes amid a broader cryptocurrency market rally.
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Dogecoin spiked as much as 16% to $0.351 Monday on after receiving praise from some of its most prominent celebrity fans over the weekend.
The meme cryptocurrency has now rallied roughly 100% in the last month, outpacing larger coins like bitcoin and ether.
Dogecoin's spike can be partly attributed to recent chatter from billionaire investor Mark Cuban and Tesla CEO Elon Musk. Cuban announced last week that his NBA team - the Dallas Mavericks - would offer special prices for customers choosing to pay with dogecoin in its summer sale.
The entrepreneur then told CNBC dogecoin is a medium that can be used for the acquisition of goods and services, saying "the community for doge is the strongest when it comes to using it as a medium of exchange."
On Saturday, in response to a CNBC article about Cuban's claims, Elon Musk tweeted : "I've been saying this for a while." The Tesla CEO has long supported dogecoin and the light-hearted, goofy community around it.
Dogecoin's gain also comes amid a broader cryptocurrency market rally. On Sunday, the total value of all cryptocurrencies topped $2 trillion for the first time since May, according to Coinmarketcap.
As 9:55 a.m. ET Monday, Dogecoin traded around $0.3219. It's the first time in nearly two months that the meme token has traded above 30 cents.
I never said that you said anything, I was pointing out the fact that most of the things you have said or things you have quoted about BTC would be considered negative.Quote: billryanUtter bullcrap. I never commented on bitcoin or any cryptocurrency until it was around $60,000 and I all I said then was it seemed like a good time to cash out some profits.
It's bad enough when darkoz says I said something I didn't but when a friend does it, I have to wonder why?
I don't care, as long as my BTC don't do this...Quote: AxelWolfMore people use BTC as a medium of exchange than people do DC, but then people also use BTC as a stored value.
Why does the fact that something can double based on what someone says make it good/a bright future?
Quote: AxelWolfI never said that you said anything, I was pointing out the fact that most of the things you have said or things you have quoted about BTC would be considered negative.
You said I was negative on BTC when Cuban and Musk were positive. That is simply wrong.
Quote: AxelWolfWhat's the relevance of all this?
Go back and read the thread. It was only yesterday.
I would have to go back and look at the timeline, but I swear you have been posting up things that are mostly negative about BTC before Musk backtracked on his position.Quote: billryanYou said I was negative on BTC when Cuban and Musk were positive. That is simply wrong.
Mark Cuban, one of the two men whom you admire a lot seems to have about 60% of his crypto holdings in BTC.
I guess I was expecting something in your own words, not just a bunch of stuff copied from the internet.Quote: billryanGo back and read the thread. It was only yesterday.
I keep meaning to invest more(trade other altcoins for it, including BTC) into ETH, but I just never seem to get around to it.Quote: DRichI don't care what Bill thinks about Crypto coins. Honestly the only one that I think has a bright future is Etherum. Other coins that I am familiar with just don't have any utility.
Do you have any ETH yourself? If not, why?
Quote: AxelWolfI guess I was expecting something in your own words, not just a bunch of stuff copied from the internet.
I put stuff in my own words and you want sources. I post the source and you want it in my own words, which you'll then want sourced.
Quote: AxelWolfI would have to go back and look at the timeline, but I swear you have been posting up things that are mostly negative about BTC before Musk backtracked on his position.
Mark Cuban, one of the two men whom you admire a lot seems to have about 60% of his crypto holdings in BTC.
You do understand there is a difference between holding a commodity you bought at a lower price and investing in it at todays price.
When Mark Cuban lent my friend his plane to bring his sons Little league team down to Dallas for Mavericks game, my friend offered to at least pay for the fuel and Cuban told him he made more per hour than the cost to operate the plane so not to worry. I believe Cuban "speculated" on bitcoin with about an hour or two of his income back when it was well under a thousand dollars. That's a rounding error to his accountant. He is holding it, not buying more.
Quote: billryanYou do understand there is a difference between holding a commodity you bought at a lower price and investing in it at todays price.
When Mark Cuban lent my friend his plane to bring his sons Little league team down to Dallas for Mavericks game, my friend offered to at least pay for the fuel and Cuban told him he made more per hour than the cost to operate the plane so not to worry. I believe Cuban "speculated" on bitcoin with about an hour or two of his income back when it was well under a thousand dollars. That's a rounding error to his accountant. He is holding it, not buying more.
Rationally speaking, the only difference is transaction costs. Absent that, a decision to hold a commodity you bought at a low price is identical to deciding to buy it now.
Irrationally speaking, you are quite correct that the Endowment Effect is a cognitive bias almost all of us have.
Quote: billryanYou do understand there is a difference between holding a commodity you bought at a lower price and investing in it at todays price.
“Now I’m playing with their money!”
Quote: gamerfreak“Now I’m playing with their money!”
Perfect. I’m confident billryan would rightly critique someone with that attitude in a casino.
Quote: gamerfreak“Now I’m playing with their money!”
He's not playing, he's holding.
Quote: billryanHe's not playing, he's holding.
Holding is how you play. Do you really disagree with that?
Why doesn't he just trade it all for dogecoin? Perhaps because he said it might not be the smarted investment?Quote: billryanHe's not playing, he's holding.
"Mark Cuban says he doesn’t prefer dogecoin over bitcoin but ‘to say doge doesn’t have a place is wrong"
"Still, dogecoin is a small part of Cuban’s crypto holdings. He said that he personally owns just $494 worth of doge. And between his personal account and the Mavericks, there’s less than $15,000 of the coin"
"Cuban acknowledged that dogecoin, like other cryptocurrencies, can be difficult to buy, spend and exchange. "
https://www.cnbc.com/2021/08/17/mark-cuban-owns-494-dollars-worth-of-dogecoin-and-doesnt-prefer-it-over-btc.html
This just gets better and better. Sleep well tonite, knowing these clowns have your back.
Quote: AxelWolfWhy doesn't he just trade it all for dogecoin? Perhaps because he said it might not be the smarted investment?
"Mark Cuban says he doesn’t prefer dogecoin over bitcoin but ‘to say doge doesn’t have a place is wrong"
"Still, dogecoin is a small part of Cuban’s crypto holdings. He said that he personally owns just $494 worth of doge. And between his personal account and the Mavericks, there’s less than $15,000 of the coin"
"Cuban acknowledged that dogecoin, like other cryptocurrencies, can be difficult to buy, spend and exchange. "
https://www.cnbc.com/2021/08/17/mark-cuban-owns-494-dollars-worth-of-dogecoin-and-doesnt-prefer-it-over-btc.html
Did anyone claim he preferred one over the other? You seem to be disputing something no one said.
Not technically, but thisQuote: billryanDid anyone claim he preferred one over the other? You seem to be disputing something no one said.
would suggest that he would prefer one over another.Quote: billryanTwo men whom I admire a lot, Mark Cuban and Elon Musk say ETH and dodgecoin(sp) have brighter futures than bitcoin.
I guess I was not the only one that thought that since he had to clarify it publicly.
Quote: billryanDid anyone claim he preferred one over the other? You seem to be disputing something no one said.
You claimed that holding is different than deciding to buy/sell. Why should your advice be given any weight when you push the idea of playing with house money when it comes to investing markets?
Those ideas should be relegated to the Betting Systems sub forum.
Quote: unJonYou claimed that holding is different than deciding to buy/sell. Why should your advice be given any weight when you push the idea of playing with house money when it comes to investing markets?
Those ideas should be relegated to the Betting Systems sub forum.
When have I offered investment advice on any internet forum not devoted to comics? For the most part, I was a buy-and-hold guy but
I no longer deal in the stock market. I recently gave my portfolio to an advisor to manage and he pretty much sold everything I had and reinvested it in a modern model portfolio that he insisted would give me better results. We shall see, as he cut my dividend income by 2/3rds but says the year-end results will be better.
When bitcoin went over $60,000 I did say it seemed like a good time to take some profits but that was friendly advice to someone who was saying they had something like 90% of their wealth tied to bitcoin.
Other than that, I recall mentioning Tesla when Soopoo was asking for stocks but that was a casual recommendation and if I had known it was going to go from around $200 when I mentioned it to over $2,000 I'd have bought much more. I thought it was overvalued at $300 but a buy at under $200.
Axel is the one who referred to playing with house money, not me.
Being able to spot a snake oil salesman trying to foist his garbage on an unsuspecting public is more common sense than knowing the street, as is pointing out what a house of cards the cryptomarket is right now.
Quote: billryanWhen have I offered investment advice on any internet forum not devoted to comics? For the most part, I was a buy-and-hold guy but
I no longer deal in the stock market. I recently gave my portfolio to an advisor to manage and he pretty much sold everything I had and reinvested it in a modern model portfolio that he insisted would give me better results. We shall see, as he cut my dividend income by 2/3rds but says the year-end results will be better.
When bitcoin went over $60,000 I did say it seemed like a good time to take some profits but that was friendly advice to someone who was saying they had something like 90% of their wealth tied to bitcoin.
Other than that, I recall mentioning Tesla when Soopoo was asking for stocks but that was a casual recommendation and if I had known it was going to go from around $200 when I mentioned it to over $2,000 I'd have bought much more. I thought it was overvalued at $300 but a buy at under $200.
Axel is the one who referred to playing with house money, not me.
Being able to spot a snake oil salesman trying to foist his garbage on an unsuspecting public is more common sense than knowing the street, as is pointing out what a house of cards the cryptomarket is right now.
When did I accuse you of offering investment advice on an Internet forum not related to comic books?
Quote: billryanWhen have I offered investment advice on any internet forum not devoted to comics? ...
...Being able to spot a snake oil salesman trying to foist his garbage on an unsuspecting public is more common sense than knowing the street...
Bill, you have been one of the most vocally critical posters against my investment in Cytodyn so cut the BS (Baloney Salami)
Your supposed "get out of jail free card" that Cytodyn is just being able to spot a snake oil salesmen (a term you repeatedly use for Cytodyn) doesn't belie the fact that Cytodyn trades stock on the open market
Any advice on a forum about a currently trading stock, even if it's to give your opinion on it being snake oil, is giving your investment advice.
Quote: billryanWhich CYDY insider sold 1.5 million shares in the last hour of trading yesterday? Enquiring minds would like to know.
Do I take this comment to mean you admit you give advice on investment in stocks contrary to what you said earlier? I understand you never apologize directly but I understand your predicament and accept your apology.
Quote: darkozDo I take this comment to mean you admit you give advice on investment in stocks contrary to what you said earlier? I understand you never apologize directly but I understand your predicament and accept your apology.
Nonsense like this is why I put you on ignore in the first place. It's why you'll end up back there again.
Quote: billryanNonsense like this is why I put you on ignore in the first place. It's why you'll end up back there again.
The only one spouting nonsense is the person (whoever he is) that claims not to give advice on any stocks or investing except for comic books while simultaneously giving advice on stocks and investing not related to comic books.
Most people like to ignore the truth. So if you have to put me on ignore because you need to ignore the truth then go right ahead.
Not to worry. Your bitcoin is perfectly safe.
Quote: darkozThe only one spouting nonsense is the person (whoever he is) that claims not to give advice on any stocks or investing except for comic books while simultaneously giving advice on stocks and investing not related to comic books.
Most people like to ignore the truth. So if you have to put me on ignore because you need to ignore the truth then go right ahead.
Name one stock or investment that I've suggested anyone invest in. Unlike you, I don't promote a stock or an unproven, make that a disproven, drug as a miracle cure or a good investment. If you think warning people not to step into a huge pile of manure is investment advise, so be it. If posting news items about legislation that will drastically change the crypto world is investment advice, what can I tell you.
Ouch.Quote: billryanhttps://news.yahoo.com/ohio-bitcoin-launderer-pleads-guilty-185000064.html
Not to worry. Your bitcoin is perfectly safe.
And in another Ouch moment. Crypto Exchanges in South Korea look to be going to hell in a handcart.
Quote: billryanIf you think warning people not to step into a huge pile of manure is investment advise, so be it.
Yes, warning against investment in a stock is giving advice on that stock.
Hard to believe you wouldn't consider that advice.
You also keep making false statements about Leronlimab. You claim it's disproven. That's ridiculous. Trials are still ongoing.
Biotech trials aren't you do it once, fail and move on. If a drug fails a trial, you examine why. Dosage, target therapy, Methods of action are all examined and you design an altered trial.
That's true of any drug at any pharma company.
But I am not going to discuss this further here. I brought it up because you made a ridiculous statement that you don't give investment advice. You have walked it back now so bring any further Cytodyn discussion over to the appropriate thread.
Quote: darkozYes, warning against investment in a stock is giving advice on that stock.
Hard to believe you wouldn't consider that advice.
You also keep making false statements about Leronlimab. You claim it's disproven. That's ridiculous. Trials are still ongoing.
Biotech trials aren't you do it once, fail and move on. If a drug fails a trial, you examine why. Dosage, target therapy, Methods of action are all examined and you design an altered trial.
That's true of any drug at any pharma company.
But I am not going to discuss this further here. I brought it up because you made a ridiculous statement that you don't give investment advice. You have walked it back now so bring any further Cytodyn discussion over to the appropriate thread.
Is this where you claim another useless victory ? Yay Dark Oz.
Have the car wash trials started yet? If something can cure AIDs, Covid and Cancer, I bet it will leave a nifty shine on a car. Maybe they can gofundme a trial campaign.
Quote: billryanIs this where you claim another useless victory ? Yay Dark Oz.
Have the car wash trials started yet? If something can cure AIDs, Covid and Cancer, I bet it will leave a nifty shine on a car. Maybe they can gofundme a trial campaign.
I will promise one thing for you Bill.
If the FDA approves Leronlimab for use, I will compile every one of your negative Cytodyn posts into a single post just so I can gloat at how wrong you were.
Quote: darkozI will promise one thing for you Bill.
If the FDA approves Leronlimab for use, I will compile every one of your negative Cytodyn posts into a single post just so I can gloat at how wrong you were.
I'm sure you have your list of the perceived slights you will one day revenge. How in the world will I ever deal with your gloating? Heaven help me.
Quote: billryanI'm sure you have your list of the perceived slights you will one day revenge. How in the world will I ever deal with your gloating? Heaven help me.
Most probably by denying you ever said what I quote you on is my guess.
Quote: billryanI'm sure you have your list of the perceived slights
Funny you should say that. As a brit, I have often used the word 'slight' to mean ' an act of disrespect', like you meant there.
But I was always convinced that it was spelled sleight
It transpires that I was wrong in my spelling!.
Ryan Browne 10 hrs
Hundreds of investors are expected to take part in proceedings against crypto exchange Binance, seeking damages for money they lost during a major outage.
Binance says it has no official headquarters. That has made it incredibly difficult for investors to figure out how, and where, to take the company to court.
Swiss private equity firm Liti Capital has promised to provide a minimum of $5 million in funding for the case. New York-based law firm White & Case will represent the claimants.
I'm sure all those investors will be taken care of by the proper regulatory process. Isn't bitcoin the most secure whatchmcallitit in the world, with each one having a distinct id code.
Entrust your crypto coins to ANY exchange and you no longer have control over them. You hold only a promise that they are held safe for you. Take your crypto off those exchanges and they are as secure as you are in storing the private key.Quote: billryanIsn't bitcoin the most secure whatchmcallitit in the world, with each one having a distinct id code.
and yet........ 1 Bitcoin equalsQuote: billryanCryptocurrency traders seek damages from Binance after a major outage cost them millions
Ryan Browne 10 hrs
Hundreds of investors are expected to take part in proceedings against crypto exchange Binance, seeking damages for money they lost during a major outage.
Binance says it has no official headquarters. That has made it incredibly difficult for investors to figure out how, and where, to take the company to court.
Swiss private equity firm Liti Capital has promised to provide a minimum of $5 million in funding for the case. New York-based law firm White & Case will represent the claimants.
I'm sure all those investors will be taken care of by the proper regulatory process. Isn't bitcoin the most secure whatchmcallitit in the world, with each one having a distinct id code.
48,855.10 United States Dollar
Quote: billryanName one stock or investment that I've suggested anyone invest in. Unlike you, I don't promote a stock or an unproven, make that a disproven, drug as a miracle cure or a good investment. If you think warning people not to step into a huge pile of manure is investment advise, so be it. If posting news items about legislation that will drastically change the crypto world is investment advice, what can I tell you.
Quote: billryanSpeaking only for myself, I buy stock in companies that make products I use.
Harley, Tesla, ATT, Disney, WWE, some cable companies and their spinoffs.
I tend to stay away from companies who wander far from their original status.
If a company started as a telephone provider but is now manufacturing refrigerators, I tend to stay away.
I'm a Ronco style investor. I set it and forget it.
What was the point of quoting billryan twice? Was it to prove that he actually gave investment advice? If so, it doesn't seem that you've made your point. In the first quote, billryan said, "Name one stock or investment that I've suggested anyone invest in." In the second, he didn't actually "name one stock or investment that [he] suggested anyone invest in." In fact, he prefaced his comments with, "Speaking only for myself..."Quote: unJon(quoting billryan)
Quote: MichaelBluejayWhat was the point of quoting billryan twice? Was it to prove that he actually gave investment advice? If so, it doesn't seem that you've made your point. In the first quote, billryan said, "Name one stock or investment that I've suggested anyone invest in." In the second, he didn't actually "name one stock or investment that [he] suggested anyone invest in." In fact, he prefaced his comments with, "Speaking only for myself..."
Yes. And fair enough.
Quote: MichaelBluejayWhat was the point of quoting billryan twice? Was it to prove that he actually gave investment advice? If so, it doesn't seem that you've made your point. In the first quote, billryan said, "Name one stock or investment that I've suggested anyone invest in." In the second, he didn't actually "name one stock or investment that [he] suggested anyone invest in." In fact, he prefaced his comments with, "Speaking only for myself..."
If that is the case then Bill must admit that I have never given any investment advice for Cytodyn either.
He has accused me multiple times if doing so.
I have never suggested anyone ever buy that stock. I posted about the strength of the drug in trials and the possibility of it's success and how I personally had invested in it.
If Bill Ryan feels discussion of a stock without actually suggesting anyone buy it is Hawking that stock when I discuss Cytodyn, then he too must accept that for himself.
Here is the link to my original post 14 months ago on Cytodyn. Notice not one mention of buying stock
https://wizardofvegas.com/forum/off-topic/general/34570-leronlimab-covid-cure/
In fact for all the crap Bill Ryan gives about how this drug can't work it's pretty hilarious that he actually thought that a drug that kills head lice was going to work on Covid-19.
It almost reads like you were invested in that lice drug, Bill. You didn't have any money riding on it did you? Because you became suspiciously caustic about Cytodyn shortly after your head lice drug (what a joke) didn't go anywhere.
Quote: billryanI love it when people make your point for you.
Then you must really hate my post.
Hey Axel, Invest it all into Cytodyn, IT"S SOON GOING TO THE MOON!!!! <<< that doesn't count? 😀Quote: darkoz
If that is the case then Bill must admit that I have never given any investment advice for Cytodyn either.
He has accused me multiple times if doing so.
