BitCoin
If people are willing to buy it, then it's not worthless is it? It solves a problem and people have a use for it. You can use it, sell it, or trade it for things of value. It certainly might be overvalued, eventually, the price will reflect that fact.Quote: rawtuffQuote: AxelWolfI haven't any clue why if someone was so confident something was a pyramid scheme or worthless as to why they wouldn't short the hell out of it. Variance shouldn't be a factor if you are worth as much as he is.Quote: rxwineI assume Buffet thinks crypto is a loser but doesn't short it probably for that reason. Am I right? I don't know.
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I believe Buffet has never liked investing in anything technology related because he doesn't like investing in things he doesn't understand so he probably doesn't short things he doesn't understand. Bitcoin is probably in opposition to his investments.
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Because due to human nature there always will be plenty of suckers who will buy it for speculative purposes and hopes for moonlambo and its price might go up and you'd lose real money shorting it. Doesn't make it any less worthless.
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Quote:According to reports by El Espanol, Europapress, and El Pais this week, all citing police sources, Dentzel told police that a gang of four to five men stormed his flat in Madrid, Spain at about 3 P.M. local time on Tuesday, October 9.
According to his account, the men covered the security cameras in Dentzel's apartment before they tied, bound, and gagged him and sprayed something in his eyes. The 38-year-old was then forced to reveal the passwords to his bank accounts and electronic wallets that stored cryptocurrency worth "tens of millions of euros," per El Espanol.
Dentzel said the gangsters beat him and slashed him across the chest with a knife while shooting him with a Taser gun multiple times.
The assault was reported to have taken place over a four-hour period.
Crypto probably needs one other feature for sure if it continues. That is, where you can keep a large portion of funds under a time delay release. I'm not sure if there is a better method.
I would absolutely bet against it getting to 250k, I bet against it getting to 100k. Actually, I think I bet the no on it getting to 95k(or was it 97k? I dont remember) I was trying to get more money down, but I was backed off by the ___Lover booking the bet.Quote: billryanAnother cryptocurrency pioneer dies at 30.
Nothing to see here. Just your typical thirty-year-old billionaire under investigation who dies suddenly.
I'm sure his product is 100% safe, and no one will spark a run on it.
Buy now, before bitcoin reaches $250,000.
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They would have to know you own crypto. That's one of the interesting things about some cryptos, you can basically make it so no one knows you own it, and it's nearly impossible for anyone to hack it. I don't really know enough about hacking to say nearly impossible. I keep hearing nothing will be hackproof with quantum computing, that's probably BS headlines and bad information. I would assume if quantum computing can be used for hacking it can be used for prevention as well.Quote: rxwineSo, not safe from pirates either I imagine. (story from 2021)
Quote:According to reports by El Espanol, Europapress, and El Pais this week, all citing police sources, Dentzel told police that a gang of four to five men stormed his flat in Madrid, Spain at about 3 P.M. local time on Tuesday, October 9.
According to his account, the men covered the security cameras in Dentzel's apartment before they tied, bound, and gagged him and sprayed something in his eyes. The 38-year-old was then forced to reveal the passwords to his bank accounts and electronic wallets that stored cryptocurrency worth "tens of millions of euros," per El Espanol.
Dentzel said the gangsters beat him and slashed him across the chest with a knife while shooting him with a Taser gun multiple times.
The assault was reported to have taken place over a four-hour period.
Crypto probably needs one other feature for sure if it continues. That is, where you can keep a large portion of funds under a time delay release. I'm not sure if there is a better method.
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It quoted a waitress who mentioned how her clients, who she described as primarily inarticulate, socially awkward young white males made a point of showing off their cyber-wallets.
SBF and his cronies would routinely drop $100,000 in a night and spent a million dollars on last years holiday party. They paid it in FTT tokens which he immediately cashed out. Had he kept them as an investment, as SBF recommended, he'd be out two million dollars and out of business. As luck would have it, Spring Break is only nine weeks away, so they need to weather the next few months.
Quote: AxelWolfI haven't any clue why if someone was so confident something was a pyramid scheme or worthless as to why they wouldn't short the hell out of it. Variance shouldn't be a factor if you are worth as much as he is.Quote: rxwineI assume Buffet thinks crypto is a loser but doesn't short it probably for that reason. Am I right? I don't know.
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I believe Buffet has never liked investing in anything technology related because he doesn't like investing in things he doesn't understand so he probably doesn't short things he doesn't understand. Bitcoin is probably in opposition to his investments.
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I've never shorted a stock in my life. Why tie up money hoping something goes south, especially crypto that is attracting unsophisticated buyers who don't follow the industry norms.
If the supporters of bitcoin here are typical of it's supporters, attempting to analyze it isn't a good use of time.
My offer of a wager that bitcoin drops 50% before it doubles is open to anyone, but so far, no takers.
Quote: AxelWolfIf people are willing to buy it, then it's not worthless is it? It solves a problem and people have a use for it. You can use it, sell it, or trade it for things of value. It certainly might be overvalued, eventually, the price will reflect that fact.Quote: rawtuffQuote: AxelWolfI haven't any clue why if someone was so confident something was a pyramid scheme or worthless as to why they wouldn't short the hell out of it. Variance shouldn't be a factor if you are worth as much as he is.Quote: rxwineI assume Buffet thinks crypto is a loser but doesn't short it probably for that reason. Am I right? I don't know.
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I believe Buffet has never liked investing in anything technology related because he doesn't like investing in things he doesn't understand so he probably doesn't short things he doesn't understand. Bitcoin is probably in opposition to his investments.
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Because due to human nature there always will be plenty of suckers who will buy it for speculative purposes and hopes for moonlambo and its price might go up and you'd lose real money shorting it. Doesn't make it any less worthless.
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Hoping there is a bigger sucker than you are is a great investment strategy.
Quote: billryan
My offer of a wager that bitcoin drops 50% before it doubles is open to anyone, but so far, no takers.
If that offer is still available next year I might take you up on it. Although I think I would want go up 50% before it goes down 50%.
I personally think it's a bad idea to keep all your eggs in one basket. I too would be selling off a potion of FTT tokens or crypto if that's how a large portion of my income was flowing in. As far as I'm concerned cash is king, but that's not going to stop me from"investing" in other things. I wouldn't ever suggest to anyone that doesn't have disposable income to invest in anything other than savings, their own business, and owning a house they are planning on living in.Quote: billryanMy friend in SoBe sent me an article about the downturn in clubs the last few weeks and how it is due to the cyrptomillionairs fleeing the city.
It quoted a waitress who mentioned how her clients, who she described as primarily inarticulate, socially awkward young white males made a point of showing off their cyber-wallets.
SBF and his cronies would routinely drop $100,000 in a night and spent a million dollars on last years holiday party. They paid it in FTT tokens which he immediately cashed out. Had he kept them as an investment, as SBF recommended, he'd be out two million dollars and out of business. As luck would have it, Spring Break is only nine weeks away, so they need to weather the next few months.
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Quote: AxelWolfI personally think it's a bad idea to keep all your eggs in one basket. I too would be selling off a potion of FTT tokens or crypto if that's how a large portion of my income was flowing in. As far as I'm concerned cash is king, but that's not going to stop me from"investing" in other things. I wouldn't ever suggest to anyone that doesn't have disposable income to invest in anything other than savings, their own business, and owning a house they are planning on living in.
That brings to question something that I always struggle with. How much money should I keep liquid? When I say liquid I mean basically, cash, checking account, savings account. I don't consider stocks, IRA's, mutual funds, etc as liquid. I have been basically keeping 6 months of expenses liquid but it seems like that might be too high of a number. I hate seeing $xx,xxx.xx in a checking account or savings account earning basically nothing.
Quote: DRichQuote: billryan
My offer of a wager that bitcoin drops 50% before it doubles is open to anyone, but so far, no takers.
If that offer is still available next year I might take you up on it. Although I think I would want go up 50% before it goes down 50%.
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The lower it goes, the easier it will be to double. Look at lemonlabob, it would take about a quarter to get it to go up 50%.
At $60,000, BC needed to gain $30,000 to go up $50%. Today, an 8,000 gain does it.
If a $100 stock goes up 50% to $150, then goes down 50%, you end up with a stock worth $75.
Be careful what you ask for.
I didn't see that offer.Quote: billryanQuote: AxelWolfI haven't any clue why if someone was so confident something was a pyramid scheme or worthless as to why they wouldn't short the hell out of it. Variance shouldn't be a factor if you are worth as much as he is.Quote: rxwineI assume Buffet thinks crypto is a loser but doesn't short it probably for that reason. Am I right? I don't know.
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I believe Buffet has never liked investing in anything technology related because he doesn't like investing in things he doesn't understand so he probably doesn't short things he doesn't understand. Bitcoin is probably in opposition to his investments.
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I've never shorted a stock in my life. Why tie up money hoping something goes south, especially crypto that is attracting unsophisticated buyers who don't follow the industry norms.
If the supporters of bitcoin here are typical of it's supporters, attempting to analyze it isn't a good use of time.
My offer of a wager that bitcoin drops 50% before it doubles is open to anyone, but so far, no takers.
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I'm seriously considering it, how much are you willing to take?
But, I see a problem with that offer, and a good reason no one would be willing to accept it. The bet could potentially be in limbo for many years. You or the taker may be dead by the time the bet resolves. The money would have to remain in escrow.
Quote: DRich
That brings to question something that I always struggle with. How much money should I keep liquid? When I say liquid I mean basically, cash, checking account, savings account. I don't consider stocks, IRA's, mutual funds, etc as liquid. I have been basically keeping 6 months of expenses liquid but it seems like that might be too high of a number. I hate seeing $xx,xxx.xx in a checking account or savings account earning basically nothing.
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You shouldn't listen to me because I'm an idiot who doesn't care about money and am terrible at actually employing sound personal finance techniques, though I do believe that I recall some of the theory here.
Basically, you would want to take some length of time (rather than some fixed percentage) and know what your expected expenses are during that length of time, how much additional (not investment-related, but something like retirement) money you know WILL come in and then any major purchases or repairs (such as a car or an appliance) that could conceivably become necessary in that amount of time.
Anyway, figure all of that out for something like two years, subtract from it any guaranteed liquid that you will have coming in during that time, such as retirement check, and then keep that much in cash. That's especially true if you want your other investments to be fairly long-term, so you don't want to be forced to sell at a loss during an economic downturn that isn't all THAT unexpected, by length, just to get by.
Quote: DRichQuote: AxelWolfI personally think it's a bad idea to keep all your eggs in one basket. I too would be selling off a potion of FTT tokens or crypto if that's how a large portion of my income was flowing in. As far as I'm concerned cash is king, but that's not going to stop me from"investing" in other things. I wouldn't ever suggest to anyone that doesn't have disposable income to invest in anything other than savings, their own business, and owning a house they are planning on living in.
That brings to question something that I always struggle with. How much money should I keep liquid? When I say liquid I mean basically, cash, checking account, savings account. I don't consider stocks, IRA's, mutual funds, etc as liquid. I have been basically keeping 6 months of expenses liquid but it seems like that might be too high of a number. I hate seeing $xx,xxx.xx in a checking account or savings account earning basically nothing.
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While I rarely use credit cards, I have a number of them with easy access to tens of thousands in an emergency, so 10K in an interest-bearing checking account works for me.
I'm a silver bug so even though I sold off most of it recently, I have a few rolls of pre-1964 coins laying about.
I've always thought the six-month emergency fund is a leftover from the depression generation that grew up under very different circumstances.
As an example- my Dad died in 1978. He and my Mom had three credit cards in both their names. The banks canceled all three cards and told my mom she had to reapply for them. I imagine that played havoc with her finances for a bit, but it wouldn't happen today.
Quote: DRichThat brings to question something that I always struggle with. How much money should I keep liquid? When I say liquid I mean basically, cash, checking account, savings account. I don't consider stocks, IRA's, mutual funds, etc as liquid. I have been basically keeping 6 months of expenses liquid but it seems like that might be too high of a number. I hate seeing $xx,xxx.xx in a checking account or savings account earning basically nothing.
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I have over two years' worth of living expenses liquid right now, but that's mainly because treasuries and high yield savings accounts are doing pretty well right now. I'm also a relatively conservative investor. Once interest rates start to go back down I'll probably scale back to about a year or so of living expenses liquid.
Or maybe not, I don't know.
https://www.youtube.com/watch?v=FqGcfpJDKQY
Ether tanks after BlockFi files for bankruptcy, and firms prep bids for Voyager: CNBC Crypto World - YouTube
https://www.youtube.com/watch?v=wXyecTMZi3M
Why not put a time limit on it? E.g., if it neither doubles nor halves within a year or whatever, declare it a no bet.Quote: AxelWolfI didn't see that offer.Quote: billryanMy offer of a wager that bitcoin drops 50% before it doubles is open to anyone, but so far, no takers.
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I'm seriously considering it, how much are you willing to take?
But, I see a problem with that offer, and a good reason no one would be willing to accept it. The bet could potentially be in limbo for many years. You or the taker may be dead by the time the bet resolves. The money would have to remain in escrow.
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BTW, I have no interest in either side of this bet, but it would be fun to see it take place.
Quote: DRichQuote: AxelWolfI personally think it's a bad idea to keep all your eggs in one basket. I too would be selling off a potion of FTT tokens or crypto if that's how a large portion of my income was flowing in. As far as I'm concerned cash is king, but that's not going to stop me from"investing" in other things. I wouldn't ever suggest to anyone that doesn't have disposable income to invest in anything other than savings, their own business, and owning a house they are planning on living in.
That brings to question something that I always struggle with. How much money should I keep liquid? When I say liquid I mean basically, cash, checking account, savings account. I don't consider stocks, IRA's, mutual funds, etc as liquid. I have been basically keeping 6 months of expenses liquid but it seems like that might be too high of a number. I hate seeing $xx,xxx.xx in a checking account or savings account earning basically nothing.
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We all have different needs/wants, so the basic questions for me is: How much do I need to sustain MY lifesstyle and quality of life? The answers to those questions should provide the direction of my investing and cash requirements. It is purely self-serving.
tuttigym
Quote: JoemanWhy not put a time limit on it? E.g., if it neither doubles nor halves within a year or whatever, declare it a no bet.Quote: AxelWolfI didn't see that offer.Quote: billryanMy offer of a wager that bitcoin drops 50% before it doubles is open to anyone, but so far, no takers.
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I'm seriously considering it, how much are you willing to take?
But, I see a problem with that offer, and a good reason no one would be willing to accept it. The bet could potentially be in limbo for many years. You or the taker may be dead by the time the bet resolves. The money would have to remain in escrow.
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BTW, I have no interest in either side of this bet, but it would be fun to see it take place.
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If enough people could agree on odds, who is paying who what, and such, then there could be some -LINE on, "Neither," depending on the length of time in question.
I think an easy way to do that would be that the -LINE on, "Neither," would pay the winning side, whatever that side is. If the -LINE comes in, then the person of the two to pay out that bet would be the one who came furthest from winning. (For instance, if BTC dropped 20% relative to the time the bet was made, at any point, but only rose 15%, at any point, relative to the time the bet was made, then, "Double," would pay, "Neither.")
Feel free to fine tune this.
Quote: TigerWuI currently have a job, but I'm going on over seven months right now looking for a new job and still have no offers. Just going off of that, I personally want well more than six months of living expenses should I lose my current income.
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If you got laid off in January and knew you weren't working for six months, would you want the money you would need in July in a savings account at near zero or invested until mid-June? Other than having every dime stuck in a house or being impossibly leveraged, I can't think of much you can't liquidate in a few months so how much do you need this month, not six months from now, in my opinion.
Everyone's circumstances are different, so I'd recommend a professional who knows your circumstances.
Quote: billryanQuote: TigerWuI currently have a job, but I'm going on over seven months right now looking for a new job and still have no offers. Just going off of that, I personally want well more than six months of living expenses should I lose my current income.
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If you got laid off in January and knew you weren't working for six months, would you want the money you would need in July in a savings account at near zero or invested until mid-June? Other than having every dime stuck in a house or being impossibly leveraged, I can't think of much you can't liquidate in a few months so how much do you need this month, not six months from now, in my opinion.
Everyone's circumstances are different, so I'd recommend a professional who knows your circumstances.
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I agree with you but as a gambler you must always have liquid cash available within a few hours. If I can't lay my hands on $10k cash within an hour or two a good opportunity might pass.
Quote: DRichQuote: billryanQuote: TigerWuI currently have a job, but I'm going on over seven months right now looking for a new job and still have no offers. Just going off of that, I personally want well more than six months of living expenses should I lose my current income.
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If you got laid off in January and knew you weren't working for six months, would you want the money you would need in July in a savings account at near zero or invested until mid-June? Other than having every dime stuck in a house or being impossibly leveraged, I can't think of much you can't liquidate in a few months so how much do you need this month, not six months from now, in my opinion.
Everyone's circumstances are different, so I'd recommend a professional who knows your circumstances.
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I agree with you but as a gambler you must always have liquid cash available within a few hours. If I can't lay my hands on $10k cash within an hour or two a good opportunity might pass.
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Everyones different. Out of curiosity, couldn't you get that in credit from a couple of casinos, in a real pinch?
Quote: billryan
If you got laid off in January and knew you weren't working for six months, would you want the money you would need in July in a savings account at near zero or invested until mid-June?
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I would want that money in a High Yield Savings Account or various treasuries, which is where they are now. If I had that money invested in the stock market, there's a chance I could lose money. For example, in the past six months prior to this post, the S&P is down 4%. Six months from now it could be down another 4%, or down 15%, or UP 10%, but that's irrelevant.... It's not about how fast I can liquidate something, it's about minimizing risk for money needed to survive.
If I lost my job right now and I know I'll need, for example, $2000 for my April 2023 bills, I'm not going to risk investing it and losing potentially hundreds of dollars by then when I could park it in a HYSA or T-bill or something and be guaranteed at least a minor return to ensure my bills are covered and then some.
Quote: TigerWuQuote: billryan
If you got laid off in January and knew you weren't working for six months, would you want the money you would need in July in a savings account at near zero or invested until mid-June?
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I would want that money in a High Yield Savings Account or various treasuries, which is where they are now. If I had that money invested in the stock market, there's a chance I could lose money. For example, in the past six months prior to this post, the S&P is down 4%. Six months from now it could be down another 4%, or down 15%, or UP 10%, but that's irrelevant.... It's not about how fast I can liquidate something, it's about minimizing risk for money needed to survive.
If I lost my job right now and I know I'll need, for example, $2000 for my April 2023 bills, I'm not going to risk investing it and losing potentially hundreds of dollars by then when I could park it in a HYSA or T-bill or something and be guaranteed at least a minor return to ensure my bills are covered and then some.
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What are HYSA paying these days and what are 1 yr T-Bills paying?
tuttigym
Quote: tuttigym
What are HYSA paying these days and what are 1 yr T-Bills paying?
tuttigym
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My HYSA is I think 2.25% and most T-bills are over 4% right now.
Quote: billryan
Everyones different. Out of curiosity, couldn't you get that in credit from a couple of casinos, in a real pinch?
Yes, if one has credit set up with casinos. Many gamblers gamble outside of casinos and look for opportunities wherever they pop up. I haven't been to a casino in over a year but there are still times where I might need cash in a pinch.
Quote: TigerWuQuote: tuttigym
What are HYSA paying these days and what are 1 yr T-Bills paying?
tuttigym
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My HYSA is I think 2.25% and most T-bills are over 4% right now.
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Thanks for the answer. In case you are interested, There are banks here in GA that have 13 month CD's at 4%. I have never accessed T-Bills. So, how does one get those, and what are the minimums and how long of a duration do they run? I am planning to "invest" over $100k in a 13 month CD.
tuttigym
Quote: tuttigymQuote: TigerWuQuote: tuttigym
What are HYSA paying these days and what are 1 yr T-Bills paying?
tuttigym
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My HYSA is I think 2.25% and most T-bills are over 4% right now.
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Thanks for the answer. In case you are interested, There are banks here in GA that have 13 month CD's at 4%. I have never accessed T-Bills. So, how does one get those, and what are the minimums and how long of a duration do they run? I am planning to "invest" over $100k in a 13 month CD.
tuttigym
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All treasury securities can be purchased on Treasurydirect.gov. You have to set up an account and link a bank account. Most of the minimums are around $25 and the maximums depend on which instrument.
Meh, it sounds like a simple bet when written out, but thinking about it, it seems too messy. I have a feeling the bet would most likely end up a wash.Quote: billryanI'll take the bet and accept an expiration date. Bet expires June 30th 2024, or you can pick an earlier date. If either of us die before then, it's no bet. I see no reason to put it in escrow, and the bet is valid if either or both of us no longer post here.
Feel free to fine tune this.
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FYI it's at about $16,900 now
6:32 pm 17,023
Quote: AxelWolf
FYI it's at about $16,900 now
6:32 pm 17,023
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Meaningless because it's not new investors raising it's value, it's the Billionaire's propping it up again hoping they can fool the Chumps one more time.
Quote: TankoQuote: tuttigymWhat are HYSA paying these days and what are 1 yr T-Bills paying?
Current yield on the 1yr is 4.852%. 2yr is 4.471%. City and State tax free.
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Thank you. Can you link me to the site where one can purchase a T-Bill; that will also provide me with info on how to purchase them? Is the process complicated to your knowledge?
tuttigym
Better days are coming......you can see the light at the end of the tunnel. Too bad it's an oncoming train.
Quote: billryanBitcoin is ending the month down about 15%.
Better days are coming......you can see the light at the end of the tunnel. Too bad it's an oncoming train.
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Immediate, “No Leaf Clover,” every time I see that analogy; fortunately, it’s a great song.
Quote: tuttigym
Thank you. Can you link me to the site where one can purchase a T-Bill; that will also provide me with info on how to purchase them? Is the process complicated to your knowledge?
tuttigym
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Treasurydirect.gov
Click on "Open a New Account" on the right side and they walk you through it. I think the website is super easy to use but a lot of other people don't think so for some reason.
Quote: TigerWuQuote: tuttigym
Thank you. Can you link me to the site where one can purchase a T-Bill; that will also provide me with info on how to purchase them? Is the process complicated to your knowledge?
tuttigym
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Treasurydirect.gov
Click on "Open a New Account" on the right side and they walk you through it. I think the website is super easy to use but a lot of other people don't think so for some reason.
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A month or two ago, when everyone and his six cousins was trying to cash in on the 9% rates, the site was overloaded and many people got kicked off halfway through the process.
I don't think that will be the case today.
Quote: TigerWu
Treasurydirect.gov
Click on "Open a New Account" on the right side and they walk you through it. I think the website is super easy to use but a lot of other people don't think so for some reason.
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When you link your bank account make sure you choose an account that you plan to keep for a long time. It’s very easy to link your bank account at setup. However it’s a huge pain to add an account or switch to a different one later on. The process requires a certified form sent by snail mail.
1. Is the interest paid monthly, quarterly, or at the end of the term?
2. Can the owner withdraw the interest prior to maturity?
3. At the end of the term, i.e., one year, does the T-Bill cash out to one's original account?
4. Are there early withdrawal penalties?
Any and all answers will be appreciated.
tuttigym
Quote: tuttigymThank you all for the info.
1. Is the interest paid monthly, quarterly, or at the end of the term?
2. Can the owner withdraw the interest prior to maturity?
3. At the end of the term, i.e., one year, does the T-Bill cash out to one's original account?
4. Are there early withdrawal penalties?
Any and all answers will be appreciated.
tuttigym
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There is a FAQ section on that link that will give you accurate answers.
For example, if you buy a $100 one year T-bill at 4%, and DON'T reinvest, you will have $104 deposited into your account after a year.
If you choose to reinvest, after one year $100 will automatically reinvest into a new one year T-bill, and the $4 in interest will be deposited into your account.
EDIT: now that I think about it, I'm a little wrong on my math.... when I bought 4 week T-bills, you would buy a $100 bill at, say, 4%, and they would only charge you $96. Then, when it matured, you would cash out $100. Or, cash out the $4 in interest, and reinvest into a new $100 bill at whatever the current rate would be. I think that's how it works up to the the one year bills.
Said the guy who was negative back when it was between $200 and $400.Quote: EvenBobQuote: AxelWolf
FYI it's at about $16,900 now
6:32 pm 17,023
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Meaningless because it's not new investors raising it's value, it's the Billionaire's propping it up again hoping they can fool the Chumps one more time.
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Quote: AxelWolfSaid the guy who was negative back when it was between $200 and $400.
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EB's money is all tied up in Roulette futures.
Quote: TigerWuQuote: AxelWolfSaid the guy who was negative back when it was between $200 and $400.
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EB's money is all tied up in Roulette futures.
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Tiger. you are really funny.
BTW, I called my broker with Schwab and discussed the T-Bill thingy, and he walked me through the process. He then turned me on to some high yield CD's one of which paid 4.8% for 15 months. The interest is paid quarterly into my account and the 1 Yr Tres. started falling some, so I opted for the CD.
I want to thank you again for the heads up and the help. The CD is in my IRA so no taxes on the interest until spent, i.e., tax deferred.
tuttigym
Quote: AxelWolfSaid the guy who was negative back when it was between $200 and $400.Quote: EvenBobQuote: AxelWolf
FYI it's at about $16,900 now
6:32 pm 17,023
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Meaningless because it's not new investors raising it's value, it's the Billionaire's propping it up again hoping they can fool the Chumps one more time.
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I'm negative from the beginning on any Ponzi scheme/scam/ripoff. I did make a lot of money in the 90's on buying Franklin Gold Collectibles at estate auctions. People paid top dollar when they were new and they sold for a fraction of that.
