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billryan
billryan
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December 9th, 2022 at 10:41:28 PM permalink
Quote: rainman

Quote: billryan

Quote: AxelWolf

Quote: EvenBob

Quote: billryan

The Big Boys have dumped over 300,000 bitcoin on the market in the last few months, and there just aren't buyers, thus the depressed prices.
link to original post



That's it in a nutshell. Bitcoin is not a , it's a product for sale. And when buyers of your product start disappearing you are in big trouble. When buyer confidence in a product disappears that product eventually goes away every time. You can prop it up for a while but it never works once the public confidence is gone. Bitcoin was never intended to be a currency it was always intended to be a get-rich-quick scheme disguised as a currency. It always had a shelf life with an expiration date and it lasted longer than I thought it would. But I had no idea the amount of great wealth that was behind it but even that can't last forever as we are seeing.
link to original post

It is a currency, that's already been established.

There is evidence it had always intended to be a currency.

You have been completely wrong since your first negative post about BTC. As I said before, you are just salty that it was too difficult/complicated for you to obtain and use way back when. It's cost you a small fortune in upwards movement. And, if you are to have us believe you can beat roulette as you claim, you lost out on all that revenue it would've helped generate compounded by upward movement.

Keep trying to convince us and yourself you made a good decision based on your knowledge.
I know you certainly convinced us all you can beat roulette. NOT!!!
link to original post



Established by whom? Bitcoin is not a currency. It is a digital asset whose current use is more like a collectible than anything else. Some might call it a commodity, but it's practical uses are few and easily duplicated by any number of safer options.
link to original post





Definition-
A currency is a standardization of money in any form, in use or circulation as a medium of exchange.
link to original post



Exactly. What form does bitcoin have? Where is it in circulation?
The older I get, the better I recall things that never happened
rainman
rainman
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December 9th, 2022 at 11:43:12 PM permalink
Stop being a Bear BillyR its time to be a Bull :)

https://seekingalpha.com/article/4563645-bitcoin-going-to-rally-again-what-need-to-know
AxelWolf
AxelWolf
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December 10th, 2022 at 12:10:26 AM permalink
Quote: billryan

Quote: rainman

Quote: billryan

Quote: AxelWolf

Quote: EvenBob

Quote: billryan

The Big Boys have dumped over 300,000 bitcoin on the market in the last few months, and there just aren't buyers, thus the depressed prices.
link to original post



That's it in a nutshell. Bitcoin is not a , it's a product for sale. And when buyers of your product start disappearing you are in big trouble. When buyer confidence in a product disappears that product eventually goes away every time. You can prop it up for a while but it never works once the public confidence is gone. Bitcoin was never intended to be a currency it was always intended to be a get-rich-quick scheme disguised as a currency. It always had a shelf life with an expiration date and it lasted longer than I thought it would. But I had no idea the amount of great wealth that was behind it but even that can't last forever as we are seeing.
link to original post

It is a currency, that's already been established.

There is evidence it had always intended to be a currency.

You have been completely wrong since your first negative post about BTC. As I said before, you are just salty that it was too difficult/complicated for you to obtain and use way back when. It's cost you a small fortune in upwards movement. And, if you are to have us believe you can beat roulette as you claim, you lost out on all that revenue it would've helped generate compounded by upward movement.

Keep trying to convince us and yourself you made a good decision based on your knowledge.
I know you certainly convinced us all you can beat roulette. NOT!!!
link to original post



Established by whom? Bitcoin is not a currency. It is a digital asset whose current use is more like a collectible than anything else. Some might call it a commodity, but it's practical uses are few and easily duplicated by any number of safer options.
link to original post





Definition-
A currency is a standardization of money in any form, in use or circulation as a medium of exchange.
link to original post



Exactly. What form does bitcoin have? Where is it in circulation?
link to original post

The Central African Republic has become the second country in the world to adopt bitcoin as official currency, after El Salvador.

You can make arguments all you want how it's a bad currency or how second-rate those places are and even argue few use it or like it etc, but you claiming it's not a currency doesn't make you right. It IS a currency like it or not.

It's a commodity, a currency, a payment tool, and other things, including its very own category.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
OnceDear
OnceDear
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December 10th, 2022 at 1:05:53 AM permalink
Quote: Wizard

Quote: DRich

If anyone wants to make an obscure bet, I will bet that the U.S. Dollar fails within 500 years. Almost every fiat currency created has failed. I don't see why the U.S. Dollar will be any different.
link to original post



I'll bet you $1 billion.
link to original post


You could spend more than that to get the definition of 'Fails'
Massive inflation could see the dollar replaced with the 'MegaDol*' but would that constitute failure.
> half of US States could see the dollar replaced by the gold chain link but would that constitute failure.
There's more than a passing chance of nuclear armageddon within those 500 years. Can't we bet on that instead?

But this is still a silly freeroll by Wizard. If the Dollar did fail and it was 'temporarily' withdrawn from circulation within Wizard's lifetime, would he cough up, or would he say "We resolve this bet in 2522: It may recover"? Or would wizard welch?

I'll tell you what guys..... You are going to need an escrow. I volunteer.


*MegaDol Copyright "The Bank Of OnceDear" 2022
Psalm 25:16 Turn to me and be gracious to me, for I am lonely and afflicted. Proverbs 18:2 A fool finds no satisfaction in trying to understand, for he would rather express his own opinion.
FinsRule
FinsRule 
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December 10th, 2022 at 2:44:00 AM permalink
Eventually everything will happen.
darkoz
darkoz
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December 10th, 2022 at 3:11:47 AM permalink
Quote: AxelWolf

Quote: billryan

Quote: rainman

Quote: billryan

Quote: AxelWolf

Quote: EvenBob

Quote: billryan

The Big Boys have dumped over 300,000 bitcoin on the market in the last few months, and there just aren't buyers, thus the depressed prices.
link to original post



That's it in a nutshell. Bitcoin is not a , it's a product for sale. And when buyers of your product start disappearing you are in big trouble. When buyer confidence in a product disappears that product eventually goes away every time. You can prop it up for a while but it never works once the public confidence is gone. Bitcoin was never intended to be a currency it was always intended to be a get-rich-quick scheme disguised as a currency. It always had a shelf life with an expiration date and it lasted longer than I thought it would. But I had no idea the amount of great wealth that was behind it but even that can't last forever as we are seeing.
link to original post

It is a currency, that's already been established.

There is evidence it had always intended to be a currency.

You have been completely wrong since your first negative post about BTC. As I said before, you are just salty that it was too difficult/complicated for you to obtain and use way back when. It's cost you a small fortune in upwards movement. And, if you are to have us believe you can beat roulette as you claim, you lost out on all that revenue it would've helped generate compounded by upward movement.

Keep trying to convince us and yourself you made a good decision based on your knowledge.
I know you certainly convinced us all you can beat roulette. NOT!!!
link to original post



Established by whom? Bitcoin is not a currency. It is a digital asset whose current use is more like a collectible than anything else. Some might call it a commodity, but it's practical uses are few and easily duplicated by any number of safer options.
link to original post





Definition-
A currency is a standardization of money in any form, in use or circulation as a medium of exchange.
link to original post



Exactly. What form does bitcoin have? Where is it in circulation?
link to original post

The Central African Republic has become the second country in the world to adopt bitcoin as official currency, after El Salvador.

You can make arguments all you want how it's a bad currency or how second-rate those places are and even argue few use it or like it etc, but you claiming it's not a currency doesn't make you right. It IS a currency like it or not.

It's a commodity, a currency, a payment tool, and other things, including its very own category.
link to original post



You can also use it with PayPal.

Comparisons to beanie babies or comic books as collectibles? Just ask how you can set up your PayPal to pay in beanie babies or comic books and you begin to see how ridiculous Bill and EB's argument is.

But they will gaslight you to death unfortunately. Next step for Bill when he looks bad is to start doing childish variations of the name. He will start calling it lemonlabitcoin or bibcoin or shitcoin and think he is wise and funny when he's just being childish and annoying. My four year old does that but he's four and hasn't learned how to win an argument yet.
For Whom the bus tolls; The bus tolls for thee
DRich
DRich
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December 10th, 2022 at 3:50:30 AM permalink
Quote: Wizard

Quote: DRich

This is beginning to sound like too much trouble for our heirs to deal with. If both you and I are still alive then I will agree to pay you if I lose.
link to original post



I don't interpret any debts to fall on our descendants to deal with. Perhaps some advance in medical science or time machines will enable us to resolve the bet in 2522. If there is some dispute in the details, the courts in that year can deal with it. Do we have a bet?
link to original post

t $

Sadly, my wife will not allow me allow me to bet $1 billion of our assets. If you would like to make the bet for $1000 she will allow it.
At my age, a "Life In Prison" sentence is not much of a deterrent.
OnceDear
OnceDear
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December 10th, 2022 at 4:49:43 AM permalink
Quote: darkoz

You can also use it with PayPal.
link to original post



No. You cannot!!
You can take a Fiat currency balance on paypal and convert it to a Bitcoin denominated balance and back again. But they do not facilitate any kind of bitcoin transaction between paypal users and do not allow you to spend or receive paypal, nor move them out to the real blockchain.
Paypal's implementation of Bitcoin, at least here, is the worst of all worlds. It ONLY facilitates exchange rate speculation.
Quote: paypal

'You currently are not able to send Cryptocurrencies to family or friends, use Cryptocurrencies to pay for goods or services, transfer Cryptocurrencies from your Cryptocurrencies Hub to an external cryptocurrency wallet, or transfer Cryptocurrencies into your Cryptocurrencies Hub from an external cryptocurrency wallet.'



Think about that for a moment.

Quote: paypal

Neither the Financial Conduct Authority nor the Commission de Surveillance du Secteur Financier regulate crypto. If something goes wrong related to crypto, you won't be able to use the Financial Ombudsman Service, the European Consumer Center, or any UK or Luxembourg financial services compensation scheme.


[
Quote: paypal

We may, in our sole discretion and without liability to you, not allow you to access the Cryptocurrencies Hub or may suspend or terminate your access to your Cryptocurrencies Hub, or place a limitation on the type or amount of activities in which you can engage using your Cryptocurrencies Hub



Oh. And they also charge fees and impose an exchange rate spread.

In my opinion, Paypal are doing nothing more than taking bets on the crypto price. And are despicably cynical in setting rules that only favour themselves.

Caveat emptor. If you don't hold the crypto key, you don't own crypto.
Psalm 25:16 Turn to me and be gracious to me, for I am lonely and afflicted. Proverbs 18:2 A fool finds no satisfaction in trying to understand, for he would rather express his own opinion.
billryan
billryan
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December 10th, 2022 at 6:44:09 AM permalink
Regulations are so last century. Who needs them?
Out of curiosity, if someone had invested $100,000 in CYDY when DO started pumping it here, and another 100K in bitcoin when DO attacked me for calling it a scheme, what would that portfolio look like today?
By my estimates, you'd be down roughly $185,000, but that doesn't matter. The future is so bright, you'd best buy some sunglasses.
Grandma used to say a stopped clock is right twice a day, so DO is obviously due to get something right eventually. I, for one
, can't wait for his next surefire hit.
Often mistaken, but never in doubt. How's that working out for you?
The older I get, the better I recall things that never happened
billryan
billryan
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December 10th, 2022 at 6:53:02 AM permalink
Quote: OnceDear

Quote: darkoz

You can also use it with PayPal.
link to original post



No. You cannot!!
You can take a Fiat currency balance on paypal and convert it to a Bitcoin denominated balance and back again. But they do not facilitate any kind of bitcoin transaction between paypal users and do not allow you to spend or receive paypal, nor move them out to the real blockchain.
Paypal's implementation of Bitcoin, at least here, is the worst of all worlds. It ONLY facilitates exchange rate speculation.
Quote: paypal

'You currently are not able to send Cryptocurrencies to family or friends, use Cryptocurrencies to pay for goods or services, transfer Cryptocurrencies from your Cryptocurrencies Hub to an external cryptocurrency wallet, or transfer Cryptocurrencies into your Cryptocurrencies Hub from an external cryptocurrency wallet.'



Think about that for a moment.

Quote: paypal

Neither the Financial Conduct Authority nor the Commission de Surveillance du Secteur Financier regulate crypto. If something goes wrong related to crypto, you won't be able to use the Financial Ombudsman Service, the European Consumer Center, or any UK or Luxembourg financial services compensation scheme.


[
Quote: paypal

We may, in our sole discretion and without liability to you, not allow you to access the Cryptocurrencies Hub or may suspend or terminate your access to your Cryptocurrencies Hub, or place a limitation on the type or amount of activities in which you can engage using your Cryptocurrencies Hub



Oh. And they also charge fees and impose an exchange rate spread.

In my opinion, Paypal are doing nothing more than taking bets on the crypto price. And are despicably cynical in setting rules that only favour themselves.

Caveat emptor. If you don't hold the crypto key, you don't own crypto.
link to original post





You obviously don't know how crypto works. You put your money in it, and it grows. and grows. And grows. Eventually, it hits 250K and you'll be able to laugh at all the people who warned you not to buy it. Ignore the trends, ignore the experts, and buy now. Buy a ticket on the world's biggest roller coaster, sit back and enjoy the ride. secure in the knowledge that two of the poorest, most corrupt regimes in the world fully support this and have your back.
The older I get, the better I recall things that never happened
darkoz
darkoz
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December 10th, 2022 at 7:26:18 AM permalink
Quote: billryan

Regulations are so last century. Who needs them?
Out of curiosity, if someone had invested $100,000 in CYDY when DO started pumping it here, and another 100K in bitcoin when DO attacked me for calling it a scheme, what would that portfolio look like today?
By my estimates, you'd be down roughly $185,000, but that doesn't matter. The future is so bright, you'd best buy some sunglasses.
Grandma used to say a stopped clock is right twice a day, so DO is obviously due to get something right eventually. I, for one
, can't wait for his next surefire hit.
Often mistaken, but never in doubt. How's that working out for you?
link to original post



You don't understand investing enough to even bother answering in a realistic manner.

Investment isn't guaranteed to grow. Lots of stock are down.

You'r idea of determining if a stock is successful is to arbitrarily pick out the highest high and then bitch about the price when it's lower and start the clock from there.

That's why you ask inane questions like where would all the people who brought Bitcoin five years ago be today? Highly doubtful they would not be rich after selling it when it hit $60,000 but you completely ignore that in your retarded thesis.

That is why no one is listening to you. That is why your argument over and over ad nauseum is being thrown back at you by people who know more than you.

Even your comics investment isn't sound. You had $300,000 worth of CGC and sold it for $200,000?

Yeah you can't even sell comics properly.
For Whom the bus tolls; The bus tolls for thee
billryan
billryan
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December 10th, 2022 at 7:55:58 AM permalink
More unintentional comedy gold.
Even your lies are humourous.
The older I get, the better I recall things that never happened
darkoz
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onenickelmiracle
December 10th, 2022 at 8:04:16 AM permalink
Quote: billryan

More unintentional comedy gold.
Even your lies are humourous.
link to original post



The reason why you felt unwelcome a few months ago and left is because you contribute nothing to this forum

All your posts are worthless vitriol along with EB who has about 30,000 worthless posts and one meaningful post (the one where he left).

Try adding instead of subtracting to this forum. Give a trip report, describe an AP move you did even if it most likely failed to profit.

Be a contributor instead of a subtractor.

For all the back and forth between MDawg and myself neither he nor I would claim the other hasn't at least contributed ACTUAL threads worth reading.

Your only purpose here is to criticize. You are the guy in the casino with no money in his pockets giving advice about losing to strangers who don't want it. Always telling people to quit while ahead while the other person is wagering meanwhile don't got a dime to wager themselves.

EDIT: And did Bill Ryan just call me a liar?
For Whom the bus tolls; The bus tolls for thee
billryan
billryan
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December 10th, 2022 at 8:14:54 AM permalink
I think I hurt oz's feelings, but luckily we know the cure for that ,don't we?

"Multi-purpose in a jar, if you ain't sick, it'll shine your car"


When you can't refute the message, attack the messenger.
The older I get, the better I recall things that never happened
billryan
billryan
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December 10th, 2022 at 8:24:12 AM permalink
Quote: darkoz

Quote: billryan

More unintentional comedy gold.
Even your lies are humourous.
link to original post



The reason why you felt unwelcome a few months ago and left is because you contribute nothing to this forum

All your posts are worthless vitriol along with EB who has about 30,000 worthless posts and one meaningful post (the one where he left).

Try adding instead of subtracting to this forum. Give a trip report, describe an AP move you did even if it most likely failed to profit.

Be a contributor instead of a subtractor.

For all the back and forth between MDawg and myself neither he nor I would claim the other hasn't at least contributed ACTUAL threads worth reading.

Your only purpose here is to criticize. You are the guy in the casino with no money in his pockets giving advice about losing to strangers who don't want it. Always telling people to quit while ahead while the other person is wagering meanwhile don't got a dime to wager themselves.

EDIT: And did Bill Ryan just call me a liar?
link to original post



I most certainly did. I'll say it again. Even your lies are funny.
The older I get, the better I recall things that never happened
rxwine
rxwine
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December 10th, 2022 at 8:24:51 AM permalink
I don’t know about currency/bitcoin arguments but I’m enjoying the exchange.

rimshot
Sanitized for Your Protection
billryan
billryan
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December 10th, 2022 at 8:27:58 AM permalink
Quote: rxwine

I don’t know about currency/bitcoin arguments but I’m enjoying the exchange.

rimshot
link to original post



If you enjoy it now, I suggest a double shot of lemonlabob. It makes everything better.
The older I get, the better I recall things that never happened
Mission146
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RogerKint
December 10th, 2022 at 8:42:28 AM permalink
Any mods following this thread?

I wouldn't want to see either BillRyan or DarkOz suspended, so maybe you guys might consider a 12 hour lock, or something? Maybe shoot both a PM to tone it down just a little, I don't know.

Or, maybe we can just start over: Let's accept a few facts that should be seen as non-controverisal:

1.) Some people have virtually always decried that Bitcoin would go to zero, or during drops, would drop precipitously. As this very thread would illustrate, this goes all the way back to when the market value of Bitcoin was only in the triple digits.

2.) DarkOz, you should not categorically refer to BillRyan as a, "Bad Investor," when the biggest single stock you have publicly opined on favorably, CytoDyn, is a glorified pump and dump sham stock that is virtually in the toilet.

That said, everyone makes mistakes. I'm sure BillRyan has made massive mistakes in his time, but I'm also sure that he has made a great many investment decisions and the VAST, VAST, VAST majority of his decisions have had a sound basis in fundamentals.

OPINION:

Listen, I'm not in the game so much as I follow the game and I try to help people out when I see opportunities. Being both risk-averse, and a pessimist, I only see opportunities during huge recessions when markets severely overreact not fully appreciating the long term ebbs and flows of the market as a whole, at that point, I am able to pick out excellent opportunities in a few specific market segments---those being retail and hospitality, unless you consider casino its own segment as opposed to hospitality, then casino, hospitality and retail.

Hell, even Medallion Financial was a good pick, and I got way outside of my usual territory on that one. There are people who could verify I liked Medallion. My Medallion pick was also a bit speculative in that I felt, given Covid, some people would avoid large gatherings long-term...and there also wouldn't be a ton to do for awhile...so people would be purchasing recreational vehicles and playthings and some would need loans.

Anyway, the point that I am making is that the most important piece of advice that can be given, though it is coming from someone who doesn't have the wealth to back up the advice (even though my picks record kicks ass because I only cherry-pick in terrible broader market conditions) is that you have to know what you don't know. You have to listen. You have to learn.

That's why I make no prediction on Bitcoin. I recognize it has no fundamental value. I regard it as a confidence game. But, that said, I have no idea how to play confidence games when it comes to markets.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
billryan
billryan
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December 10th, 2022 at 8:48:04 AM permalink
do said that I sold 300,000 worth of CGC books for $200,000. Not only is it a complete lie, but it would show a total misunderstanding of the market if it was true. Only it isn't. I never said that and his saying I did is a lie. I can't say it any simpler.

I'm refuting the nonsense he posts. Since he can't argue facts, he chooses to attack me. It's pathetic, but par for the course.
The older I get, the better I recall things that never happened
EvenBob
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December 10th, 2022 at 8:56:05 AM permalink
Quote: AxelWolf

It is a currency, that's already been established.
There is evidence it had always intended to be a currency.
link to original post



Bologny. You can also claim that the beads and eagle feathers the American Indians used to trade with each other was also currency. Meaningless. It was always a get-rich-quick scheme and that's what it will always be. That's why there are 12,000 current imitators, are they all currencies too? I'll bet they all claim to be.
"It's not called gambling if the math is on your side."
Mission146
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December 10th, 2022 at 8:56:44 AM permalink
Oh, my Ashford Hospitality Trust pick positively sucked, though.

Of course, with equal amounts on all the ones that I did like: If you place equal amounts on all and double up (or more if you're super greedy and more confident than I am in a full recovery) nine times and only bust out once, you're doing pretty well!

(Also, AHT did pop briefly, but it never doubled)
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
Mission146
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December 10th, 2022 at 9:03:10 AM permalink
I suppose one other thing that I should mention is the investments would ideally be new money, as opposed to selling things that you should probably hold at a sizable, if not huge, loss. That's the one thing that can sometimes be tough for people. If you're already in the market, then you've got to be willing to get more money in when things are terrible! If you're not already in the market, then you have to be willing to enter when things are terrible!

I love terrible markets; you can trust a terrible market.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
billryan
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December 10th, 2022 at 9:04:17 AM permalink
I'm watching basset hounds compete to see who is the fastest. Cable tv is such a boon.
The older I get, the better I recall things that never happened
darkoz
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December 10th, 2022 at 9:27:34 AM permalink
Quote: billryan

do said that I sold 300,000 worth of CGC books for $200,000. Not only is it a complete lie, but it would show a total misunderstanding of the market if it was true. Only it isn't. I never said that and his saying I did is a lie. I can't say it any simpler.

I'm refuting the nonsense he posts. Since he can't argue facts, he chooses to attack me. It's pathetic, but par for the course.
link to original post



Quote: billryan



I sold 15 boxes of SA/BA books for 40K. I then SOLD 2 boxes of CGC SA books for $25,000. ANOTHER LOT for $35,000 and then sold the rest of my stock for $60,000. TOTAL SALES from the three units exceeded 200K.
Full Overstreet WOULD HAVE been WELL OVER $300,000 but would have been a lot of work. My time and effort is worth a lot these days, and getting rid of all that stuff is priceless.
link to original post



Capitalized emphasis mine.

https://wizardofvegas.com/forum/gambling/online/13594-bitcoin/278/
For Whom the bus tolls; The bus tolls for thee
billryan
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December 10th, 2022 at 9:32:56 AM permalink
Quote: darkoz

Quote: billryan

do said that I sold 300,000 worth of CGC books for $200,000. Not only is it a complete lie, but it would show a total misunderstanding of the market if it was true. Only it isn't. I never said that and his saying I did is a lie. I can't say it any simpler.

I'm refuting the nonsense he posts. Since he can't argue facts, he chooses to attack me. It's pathetic, but par for the course.
link to original post



Quote: billryan



I sold 15 boxes of SA/BA books for 40K. I then SOLD 2 boxes of CGC SA books for $25,000. ANOTHER LOT for $35,000 and then sold the rest of my stock for $60,000. TOTAL SALES from the three units exceeded 200K.
Full Overstreet WOULD HAVE been WELL OVER $300,000 but would have been a lot of work. My time and effort is worth a lot these days, and getting rid of all that stuff is priceless.
link to original post



Capitalized emphasis mine.
link to original post




I said I sold "Two boxes of CGC books for $25,000." Not $300,000 worth of CGC for $200,000.
Perhaps you don't understand how different the two statements on, but one is the true and one isn't.
The older I get, the better I recall things that never happened
darkoz
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December 10th, 2022 at 9:41:04 AM permalink
Quote: billryan

Quote: darkoz

Quote: billryan

do said that I sold 300,000 worth of CGC books for $200,000. Not only is it a complete lie, but it would show a total misunderstanding of the market if it was true. Only it isn't. I never said that and his saying I did is a lie. I can't say it any simpler.

I'm refuting the nonsense he posts. Since he can't argue facts, he chooses to attack me. It's pathetic, but par for the course.
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Quote: billryan



I sold 15 boxes of SA/BA books for 40K. I then SOLD 2 boxes of CGC SA books for $25,000. ANOTHER LOT for $35,000 and then sold the rest of my stock for $60,000. TOTAL SALES from the three units exceeded 200K.
Full Overstreet WOULD HAVE been WELL OVER $300,000 but would have been a lot of work. My time and effort is worth a lot these days, and getting rid of all that stuff is priceless.
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Capitalized emphasis mine.
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I said I sold "Two boxes of CGC books for $25,000." Not $300,000 worth of CGC for $200,000.
Perhaps you don't understand how different the two statements on, but one is the true and one isn't.
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You said you sold 2 boxes of CGC for $25,000. "Another lot" for $35,000.... Total sales exceeded $200,000".

If you are saying you didn't mean they were all CGC I understand you don't have good writing skills to start another paragraph or delineate what your thoughts are properly

However regardless of whether they were ALL CGC, you still sold $300,000 worth of comics for an amount "exceeding $200,000"

In other words you undersold your comics by $100,000. That's the way to do business, right, Bill?
For Whom the bus tolls; The bus tolls for thee
OnceDear
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December 10th, 2022 at 9:46:49 AM permalink
Quote: billryan

Quote: OnceDear

Caveat emptor. If you don't hold the crypto key, you don't own crypto.
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You obviously don't know how crypto works. You put your money in it, and it grows. and grows. And grows. Eventually, it hits 250K and you'll be able to laugh at all the people who warned you not to buy it. Ignore the trends, ignore the experts, and buy now. Buy a ticket on the world's biggest roller coaster, sit back and enjoy the ride. secure in the knowledge that two of the poorest, most corrupt regimes in the world fully support this and have your back.
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Why say that? Why attack me?
I have USED BTC and I have made a modest profit with a buy and sell pair. I've also lost value by holding some.
But Yes. I know how crypto works. I know the case against it and I challenge the case for it.
In a world where it's not useful for buying pizza or much else, I intensely dislike the energy expended by the mining process. And don't get me started on the exchanges. I trust them as far as i can throw them.
Psalm 25:16 Turn to me and be gracious to me, for I am lonely and afflicted. Proverbs 18:2 A fool finds no satisfaction in trying to understand, for he would rather express his own opinion.
rxwine
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December 10th, 2022 at 9:48:11 AM permalink
Per value of "currency".

As a hypothetical, let's remove all currency. No dollars, no rubles, no bitcoin, etc., In fact let's make all that currency illegal.

Who has wealth then? Bankers be lining up at food banks if they only have money.

Currency just represents everything you own. It's a symbol we allow to represent everything we could own but don't physically have to carry it around or keep it on our property.
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DRich
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December 10th, 2022 at 10:02:36 AM permalink
Quote: OnceDear

Why say that? Why attack me?



It seems like Bill has been very argumentative since his return.
At my age, a "Life In Prison" sentence is not much of a deterrent.
TigerWu
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December 10th, 2022 at 10:03:19 AM permalink
Quote: darkoz


However regardless of whether they were ALL CGC, you still sold $300,000 worth of comics for an amount "exceeding $200,000"

In other words you undersold your comics by $100,000. That's the way to do business, right, Bill?
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It is if you're selling wholesale or bulk, for example. There are plenty of reasons to sell goods under fair market value. Doesn't make it "bad business" in the slightest.

Quote: EvenBob

Bologny. You can also claim that the beads and eagle feathers the American Indians used to trade with each other was also currency.
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I mean, yeah.... LOL.... yeah, you can.

I love it when people accidentally stumble onto the correct answer.
darkoz
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December 10th, 2022 at 10:07:23 AM permalink
Quote: TigerWu

Quote: darkoz


However regardless of whether they were ALL CGC, you still sold $300,000 worth of comics for an amount "exceeding $200,000"

In other words you undersold your comics by $100,000. That's the way to do business, right, Bill?
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It is if you're selling wholesale or bulk, for example. There are plenty of reasons to sell goods under fair market value. Doesn't make it "bad business" in the slightest.

Quote: EvenBob

Bologny. You can also claim that the beads and eagle feathers the American Indians used to trade with each other was also currency.
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I mean, yeah.... LOL.... yeah, you can.

I love it when people accidentally stumble onto the correct answer.
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Bill gave his reason for selling so low as it would have been a lot of work.

That's like me saying I lost $100,000 doing AP because it would have been too much work to win.
For Whom the bus tolls; The bus tolls for thee
Mission146
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December 10th, 2022 at 10:10:10 AM permalink
Quote: rxwine

Per value of "currency".

As a hypothetical, let's remove all currency. No dollars, no rubles, no bitcoin, etc., In fact let's make all that currency illegal.

Who has wealth then? Bankers be lining up at food banks if they only have money.

Currency just represents everything you own. It's a symbol we allow to represent everything we could own but don't physically have to carry it around or keep it on our property.
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That's true, but the problem with BTC as a currency that accomplishes nothing but system destabilization is the fact that people are pulling something out of thin air, something that doesn't even physically exist and simply deciding it has value by virtue of their own declaration. Other than price and acceptance...which only happened because of price...what makes Bitcoin fundamentally better than any other cryptocurrency? If you guessed, "Nothing," then you're spot on.

Okay, so you mine Bitcoin using computer processing power. That's fine. However, if Bitcoin has no fundamental value, then that mining represents electricity that is being needlessly used, which represents fossil fuels, a finite resource, being needlessly expended.

I know that many people see a bright future in BTC, and some of them were right when you look back relative to years ago---some of them may be right when we look back onto today several years from now; I'm not saying they aren't, but my question is: What does Bitcoin do? Other than wealth for the savvy at playing confidence games: what does Bitcoin create?

Basically, people are declaring thin air to have value. Not only declaring thin air to have value, but actually arguing that the value of this thin air should increase, sometimes dramatically, over time.

Again, if you stretch that to its logical conclusion, then where you arrive is that anything can be created as a crypto and, if you can get enough people to participate in a world where we literally do not care if all currencies crash, because we have decided currencies not tied to a country are just as valuable, if not more so, than those that are...what are you left with? You have a bunch of people playing around with gimmicks that aren't worth anything and aren't tied to anything.

Right now, BTC is tied to whatever currency a person normally deals in and there's no getting around that. The only way it will ever be otherwise, that this thin air can ever be stable within itself, is for all essential business entities to accept BTC. Even then, they still have to pay taxes on their incomes in whatever non-thin air currency that the countries in which they are located use.

So, even if you could pay with BTC literally everywhere, it's still not going to be totally separable from Fiat currencies.

Some people claim Bitcoin, and presumably, other cryptos will replace Fiat currency, but riddle me this: Why is a replacement to Fiat currency necessary at this time? I think we can all go Star Trekkian and envision a world without currency several hundred years into the future, but I'm not going to be convinced that BTC is the first step towards that. While everyone is playing around with BTC as, potentially, THE currency of the world...many market players are busy cashing out BTC in exchange for actual currency that is greater than the amount they put into begin with.

Money for nothing. At best, money for taking a risk and being better at playing a confidence game than others are.

For everyone else, I think BTC is for those even more Nihilistic than I am.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
billryan
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December 10th, 2022 at 11:19:44 AM permalink
There were a number of ways I could have sold my stuff. I could have hit the convention circuit and in six months, I'd have 80 percent of them sold, with tens of thousands of expenses incurred.
I could have sent them off on consignment where in two or three years I'd have about 75% sold, and be out tens of thousands of dollars in consignment fees, or I can do as I did, moved them for more than I wanted in the first place with next to no effort.
I would think someone who has tens of thousands of dollars in pinball machines would understand that.
The older I get, the better I recall things that never happened
TigerWu
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December 10th, 2022 at 11:33:52 AM permalink
Quote: darkoz


Bill gave his reason for selling so low as it would have been a lot of work.

That's like me saying I lost $100,000 doing AP because it would have been too much work to win.
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So he didn't want to invest his labor into selling the comics individually or in smaller lots, so he sold everything for what he thought was a fair price to him personally. Again, not necessarily a bad business decision.
rainman
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December 10th, 2022 at 3:37:32 PM permalink
Agreed its pretty simple he valued his time more than the Extra dollars.
darkoz
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December 10th, 2022 at 4:23:26 PM permalink
Quote: rainman

Agreed its pretty simple he valued his time more than the Extra dollars.
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If his time is so valuable he should start selling digital versions.

He can call it Billcoin.

You buy one Billcoin for $300,000 and get back $200,000 when you sell it.

It happens fast because time is the value.

The extra $100,000 just disappears into the block chain
For Whom the bus tolls; The bus tolls for thee
rainman
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December 10th, 2022 at 5:19:36 PM permalink
Quote: darkoz

Quote: rainman

Agreed its pretty simple he valued his time more than the Extra dollars.
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If his time is so valuable he should start selling digital versions.

He can call it Billcoin.

You buy one Billcoin for $300,000 and get back $200,000 when you sell it.

It happens fast because time is the value.

The extra $100,000 just disappears into the block chain
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Gobbledygook.
billryan
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December 10th, 2022 at 6:14:12 PM permalink
It's not just time, it's the expense of storing and insuring the merchandise, the expense of setting up at a show- gas, fees, hotels, booth help, parking in many places, etc, etc. My friends set up at the Tucson Comic Con and their expenses were close to four thousand dollars for the weekend. Theft is always an issue and I know two dealers who were robbed on the highway after comic shows.
The money is already invested and producing passive income. This weekend I'm culling my baseball cards and hope to wholesale a couple of thousand pre1980 cards. Maybe I'll get lucky and oz will tell me how he would sell them.
The older I get, the better I recall things that never happened
billryan
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December 10th, 2022 at 6:17:05 PM permalink
It's not just time, it's the expense of storing and insuring the merchandise, the expense of setting up at a show- gas, fees, hotels, booth help, parking in many places, etc, etc. My friends set up at the Tucson Comic Con and their expenses were close to four thousand dollars for the weekend. Theft is always an issue and I know two dealers who were robbed on the highway after comic shows.
The money is already invested and producing passive income. This weekend I'm culling my baseball cards and hope to wholesale a couple of thousand pre1980 cards.
The older I get, the better I recall things that never happened
AxelWolf
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December 10th, 2022 at 6:28:37 PM permalink
Take comic book/collectibles to a different thread.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
darkoz
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December 10th, 2022 at 6:29:38 PM permalink
Quote: billryan

It's not just time, it's the expense of storing and insuring the merchandise, the expense of setting up at a show- gas, fees, hotels, booth help, parking in many places, etc, etc. My friends set up at the Tucson Comic Con and their expenses were close to four thousand dollars for the weekend. Theft is always an issue and I know two dealers who were robbed on the highway after comic shows.
The money is already invested and producing passive income. This weekend I'm culling my baseball cards and hope to wholesale a couple of thousand pre1980 cards. Maybe I'll get lucky and oz will tell me how he would sell them.
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eBay.

Create on online store.

Perhaps those are too 21st century for you.
For Whom the bus tolls; The bus tolls for thee
SOOPOO
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December 11th, 2022 at 6:32:38 AM permalink
Quote: DRich

Quote: OnceDear

Why say that? Why attack me?



It seems like Bill has been very argumentative since his return.
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Why would you possibly use ‘seems like’ as opposed to ‘has been’ when I’ll bet you $1 you mean ‘has been’? You afraid of something?

I have been argumentative for the decade I’ve been here.
billryan
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December 11th, 2022 at 7:30:54 AM permalink
Grayscale is now into the third week of limiting withdrawals. They apparently don't have the cash to cover them without selling assets, which they don't want to do in a depressed market. One solution is to allow withdrawals in bitcoin, but if their clients wanted to own individual bitcoin, they would not have bought the fund.
It's strange. Everyone in the know thinks a huge crypto crash is coming, but they all think they know the two or three that will survive.
The older I get, the better I recall things that never happened
billryan
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December 11th, 2022 at 7:56:51 AM permalink
For those interested, you can find the texts between SBF and other crypto leaders online. They begged him to stop before he brought down the whole house of cards. But for the rest of you, please buy now. Bitcoin will soon be at $250,000. It said so, on the internet, so you know it is true.
The older I get, the better I recall things that never happened
OnceDear
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December 11th, 2022 at 12:47:04 PM permalink
Quote: billryan

For those interested, you can find the texts between SBF and other crypto leaders online. They begged him to stop before he brought down the whole house of cards. But for the rest of you, please buy now. Bitcoin will soon be at $250,000. It said so, on the internet, so you know it is true.
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SBF was one serious Bullspitter. Even now he talks in some flowery way that makes him sound like he knows more than the listener.
This is a comment about him from June 2021
Quote: https://academy.shrimpy.io/crypto-leaders/sam-bankman-fried-sbf

"By matching the charisma of figures like Satoshi Nakamoto and Vitalik Buterin, SBF obtained a highly reputable status. The community loves him, and many Crypto Twitter users ascend him to godhood by creating memes and sharing jokes about Sam and the work he has put into crypto."


Which is amusing when it refers to "charisma of figures like Satoshi Nakamoto" A guy that has not been proven even to exist.

Quote: BBC

Sam Bankman-Fried, the former boss of the failed crypto-exchange FTX, has said he hopes to start a new business to help pay back the victims of his old firm’s collapse.

Speaking to the BBC from the Bahamas, he said he would “give anything” to be able to begin a new venture in order to recoup his users’ lost investments.

“I’m going to be thinking about how we can help the world, and if users haven’t gotten much back, I’m going to be thinking about what I can do for them,” Bankman-Fried told the BBC. “And I think at the very least I have a duty to FTX users to do right by them as best as I can.”

When asked whether he would start a new business to pay investors back, he said: “I would give anything to be able to do that. And I’m going to try if I can.”



He's touting the idea that a new 'business' that actually will do NOTHING, will create the profit with which to pay back his victims. Can even he really believe that? It's bad enough that the whole crypto economy is underpinned by NOTHING. But SBF wants to carry on as if nothing has happened. If he'd run this scam for hundreds or thousands of dollars, he'd be in jail by now. Doing it with billions, he can still sit in his Bahamas home and shrug.

How can so many people be so easily fooled, by these 'entrepreneurs' and their schemes?
The entrepreneurs even fool eachother... or seem to.
Psalm 25:16 Turn to me and be gracious to me, for I am lonely and afflicted. Proverbs 18:2 A fool finds no satisfaction in trying to understand, for he would rather express his own opinion.
ChumpChange
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December 11th, 2022 at 1:20:25 PM permalink
Anybody gonna pay their utility bills in bitcoin? I hear the UK will have electricity rates of 2,000 GBP/MWhr tomorrow, or 2 pounds per kwhr. It's just a transient price spike but it could extend and stay high. People be looking to the gov't to cap their bills, but the gov't will go broke too. It's probably time for rolling blackouts in the UK, and ATMs don't work without power.
rxwine
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December 11th, 2022 at 1:29:56 PM permalink
He doesn't seem to fit a traditional model of scammer. I'm trying to think of one who was very apologetic early on. The bluster and claims usually last a lot longer. Did he have any history of similar activity?
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billryan
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December 11th, 2022 at 2:19:35 PM permalink
I don't think that he believes he is a scammer. It was just bad timing.
I can imagine the conversations he has had with his compliance officers. SBF literally created something out of nothing, sold it for a lot of money, and still managed to go broke.
The older I get, the better I recall things that never happened
OnceDear
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December 11th, 2022 at 3:24:11 PM permalink
Quote: billryan

I don't think that he believes he is a scammer. It was just bad timing.
I can imagine the conversations he has had with his compliance officers. SBF literally created something out of nothing, sold it for a lot of money, and still managed to go broke.
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He invested a lot of his ill gotten gains in donations to politicians on both sides. A pre-emptive bribe?
Psalm 25:16 Turn to me and be gracious to me, for I am lonely and afflicted. Proverbs 18:2 A fool finds no satisfaction in trying to understand, for he would rather express his own opinion.
OnceDear
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December 11th, 2022 at 3:36:24 PM permalink
Quote: ChumpChange

Anybody gonna pay their utility bills in bitcoin? I hear the UK will have electricity rates of 2,000 GBP/MWhr tomorrow, or 2 pounds per kwhr. It's just a transient price spike but it could extend and stay high. People be looking to the gov't to cap their bills, but the gov't will go broke too. It's probably time for rolling blackouts in the UK, and ATMs don't work without power.
link to original post

Our UK energy market is in a bad way, so are government and personal finance.

Nothing to do with Bitcoin
Psalm 25:16 Turn to me and be gracious to me, for I am lonely and afflicted. Proverbs 18:2 A fool finds no satisfaction in trying to understand, for he would rather express his own opinion.
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