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AxelWolf
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June 15th, 2023 at 3:52:03 AM permalink
Quote: lilredrooster

.
since there have been some comments about predicting future prices and charts - I wanted to mention this:
mutual fund managers are highly paid professional stock pickers
over the last 5 years tracked in the article only 13.49% of actively managed funds outperfromed the S&P index
over 10 years it's only 8.59% -

this is well known and I believe typical of any 5 and 10 year period

the difficulty in predicting the future prices of individual stocks and surely also Crypto is off the charts


https://www.forbes.com/advisor/investing/index-funds-vs-mutual-funds/#:~:text=S%26P%20Dow%20Jones%20Indices'%20scorecard,funds%20outperformed%20the%20S%26P%20500.

.
link to original post

Everyone thinks their guy is "THE GUY". He is probably just guessing and getting lucky/variance. You don't need a guy to tell you to invest in solid companies.
♪♪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♪♪
lilredrooster
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June 15th, 2023 at 4:06:38 AM permalink
Quote: AxelWolf

Quote: lilredrooster

.
since there have been some comments about predicting future prices and charts - I wanted to mention this:
mutual fund managers are highly paid professional stock pickers
over the last 5 years tracked in the article only 13.49% of actively managed funds outperfromed the S&P index
over 10 years it's only 8.59% -

this is well known and I believe typical of any 5 and 10 year period

the difficulty in predicting the future prices of individual stocks and surely also Crypto is off the charts


https://www.forbes.com/advisor/investing/index-funds-vs-mutual-funds/#:~:text=S%26P%20Dow%20Jones%20Indices'%20scorecard,funds%20outperformed%20the%20S%26P%20500.

.
link to original post

Everyone thinks their guy is "THE GUY". He is probably just guessing and getting lucky/variance. You don't need a guy to tell you to invest in solid companies.
link to original post


or better yet imo not even risk that those solid companies will falter

VFINX - Vanguard's tracker of the S&P 500 index
this and their slight variations of this are I believe the most popular funds in the U.S.
this is what I've had for a great many years - it may be wimpy - but I don't care
I'm not going to pick stocks

also, if you buy and sell stocks regularly you're subject to capital gains taxes from both the Feds and most States

in the index funds - buy and hold - the cap gains are nothing or almost nothing until you cash out

.
Please don't feed the trolls
Wizard
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June 19th, 2023 at 5:40:45 PM permalink
I have a rant.

A friend just sent me $1,000 in BTC and had to pay a $20.64 fee. I thought one of the arguments in favor of any cryoptocurrency is that transactions cost pennies. So much for that.

Would somebody please create a coin that truly does cost pennies for a transaction and doesn't consume the energy as the entire consumption of Norway (source).
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
SOOPOO
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June 19th, 2023 at 5:49:28 PM permalink
Quote: Wizard

I have a rant.

A friend just sent me $1,000 in BTC and had to pay a $20.64 fee. I thought one of the arguments in favor of any cryoptocurrency is that transactions cost pennies. So much for that.

Would somebody please create a coin that truly does cost pennies for a transaction and doesn't consume the energy as the entire consumption of Norway (source).
link to original post




Why do you need a ‘coin’? If I send you a CHECK for $1000 you pay no fee at your bank to get $1000.

If you owe me $1000 and you are going to send me crypto I’d want the crypto to translate into $1000, not $979.
Dieter
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June 19th, 2023 at 6:49:25 PM permalink
Quote: SOOPOO

Quote: Wizard

I have a rant.

A friend just sent me $1,000 in BTC and had to pay a $20.64 fee. I thought one of the arguments in favor of any cryoptocurrency is that transactions cost pennies. So much for that.

Would somebody please create a coin that truly does cost pennies for a transaction and doesn't consume the energy as the entire consumption of Norway (source).
link to original post




Why do you need a ‘coin’? If I send you a CHECK for $1000 you pay no fee at your bank to get $1000.

If you owe me $1000 and you are going to send me crypto I’d want the crypto to translate into $1000, not $979.
link to original post



I believe the transaction processing fees are paid by the sender, so the recipient gets the sent coins.
May the cards fall in your favor.
SOOPOO
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June 19th, 2023 at 7:05:47 PM permalink
Quote: Dieter

Quote: SOOPOO

Quote: Wizard

I have a rant.

A friend just sent me $1,000 in BTC and had to pay a $20.64 fee. I thought one of the arguments in favor of any cryoptocurrency is that transactions cost pennies. So much for that.

Would somebody please create a coin that truly does cost pennies for a transaction and doesn't consume the energy as the entire consumption of Norway (source).
link to original post




Why do you need a ‘coin’? If I send you a CHECK for $1000 you pay no fee at your bank to get $1000.

If you owe me $1000 and you are going to send me crypto I’d want the crypto to translate into $1000, not $979.
link to original post



I believe the transaction processing fees are paid by the sender, so the recipient gets the sent coins.
link to original post



And then if Mike sent it to me to settle a debt he has to pay that $20. So if he owed me $1k he’d have to use $1020 worth of Bitcoin. Since there are free alternatives, like ACH transfers, I see no need for me to ever need to use crypto.
Wizard
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June 19th, 2023 at 8:02:05 PM permalink
Quote: SOOPOO

Why do you need a ‘coin’? If I send you a CHECK for $1000 you pay no fee at your bank to get $1000.

If you owe me $1000 and you are going to send me crypto I’d want the crypto to translate into $1000, not $979.
link to original post



I agree with you 100%. I've been a skeptic of Crypto, especially Bitcoin, from the beginning.

In this case, a friend was broke and was paid $1,000 in BTC, which she needed to immediately liquidate to USD. Being the good friend that I am, I bought it to help her out.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
Wizard
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June 19th, 2023 at 8:03:59 PM permalink
Quote: Dieter

I believe the transaction processing fees are paid by the sender, so the recipient gets the sent coins.
link to original post



That was the case here. I think the sender is asked who should pay the fees, which in my case she did, since it was entirely for her benefit.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
Wizard
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June 19th, 2023 at 8:10:32 PM permalink
Quote: SOOPOO

Since there are free alternatives, like ACH transfers, I see no need for me to ever need to use crypto.
link to original post



I agree that someone like you would never need to use it. Not everybody flies above the radar like you do.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
AZDuffman
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June 20th, 2023 at 2:41:15 AM permalink
Quote: Wizard

I have a rant.

A friend just sent me $1,000 in BTC and had to pay a $20.64 fee. I thought one of the arguments in favor of any cryoptocurrency is that transactions cost pennies. So much for that.

Would somebody please create a coin that truly does cost pennies for a transaction and doesn't consume the energy as the entire consumption of Norway (source).
link to original post



Are you talking about the cost to move the bitcoin or the cost to trade the bitcoin for USD? Because if it is the later then you paid about the same as changing C$ to USD.

As to the energy consumption claims, call me a suspect there. Mainly because we use much more to keep and move USD.
All animals are equal, but some are more equal than others
lilredrooster
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June 20th, 2023 at 3:20:39 AM permalink
.
the Feds and Binance have reached a deal allowing Binance to continue to operate while fraud charges against them are being pursued

I believe this is a clear signal that the Feds DO NOT have shutting down Crypto as one of their objectives


https://www.pbs.org/newshour/economy/under-court-deal-with-sec-binance-can-continue-u-s-operations-amid-fraud-suit#:~:text=The%20U.S.%20Securities%20and%20Exchange,it%20battles%20SEC%20fraud%20charges.

.
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Wizard
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June 20th, 2023 at 5:20:33 AM permalink
Quote: AZDuffman

Are you talking about the cost to move the bitcoin or the cost to trade the bitcoin for USD?
link to original post



To move it.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
AxelWolf
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June 20th, 2023 at 7:19:57 AM permalink
Quote: Wizard

Quote: AZDuffman

Are you talking about the cost to move the bitcoin or the cost to trade the bitcoin for USD?
link to original post



To move it.
link to original post

Are you using an exchange? You can use a hard wallet like Trezor and pick your fee. The lower fee the slower the transaction.
♪♪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♪♪
vegas
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June 20th, 2023 at 8:35:55 AM permalink
Quote: lilredrooster

.
the Feds and Binance have reached a deal allowing Binance to continue to operate while fraud charges against them are being pursued

I believe this is a clear signal that the Feds DO NOT have shutting down Crypto as one of their objectives


https://www.pbs.org/newshour/economy/under-court-deal-with-sec-binance-can-continue-u-s-operations-amid-fraud-suit#:~:text=The%20U.S.%20Securities%20and%20Exchange,it%20battles%20SEC%20fraud%20charges.

.
link to original post






Gary Gensler is Chairperson, U.S. Securities and Exchange Commission. He is the one that is going after Crypto. However I firmly believe he will be fired for his attack on Crypto. Time will tell if I am right but I think he will be gone.
50-50-90 Rule: Anytime you have a 50-50 chance of getting something right, there is a 90% probability you'll get it wrong
Wizard
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June 20th, 2023 at 12:17:40 PM permalink
Quote: AxelWolf

Are you using an exchange? You can use a hard wallet like Trezor and pick your fee. The lower fee the slower the transaction.
link to original post



I use Blockchain.com, if that's what you mean. I just call it a "wallet." They have an option to pick two speeds, regular or priority. I would imagine if I offered $1 when the going price was $20.64, nobody would process it.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
billryan
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June 20th, 2023 at 1:02:28 PM permalink
Quote: vegas

Quote: lilredrooster

.
the Feds and Binance have reached a deal allowing Binance to continue to operate while fraud charges against them are being pursued

I believe this is a clear signal that the Feds DO NOT have shutting down Crypto as one of their objectives


https://www.pbs.org/newshour/economy/under-court-deal-with-sec-binance-can-continue-u-s-operations-amid-fraud-suit#:~:text=The%20U.S.%20Securities%20and%20Exchange,it%20battles%20SEC%20fraud%20charges.

.
link to original post






Gary Gensler is Chairperson, U.S. Securities and Exchange Commission. He is the one that is going after Crypto. However I firmly believe he will be fired for his attack on Crypto. Time will tell if I am right but I think he will be gone.
link to original post




They don't want to shut it down. They believe regulations and transparency will cause the market to collapse, and the few survivors will be happy to accept stronger regulation in order to be sanctioned by the US Government..
The difference between fiction and reality is that fiction is supposed to make sense.
lilredrooster
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June 20th, 2023 at 1:36:57 PM permalink
Quote: billryan



I've concluded there is a market for Bitcoin, not that Bitcoin has any value. I'll buy it when it dips below $16,000 and sell it when it hits 23,000. If you study the charts, you'll see each high for the last few years has been lower than the previous, and each low drops ever lower.
link to original post



if you can make great predictions like that and with CYDY because you "study the charts" you must be fabulously wealthy

and I'm not talking millions - I'm talking billions

God I wish I had your skills and talents - maybe in another life - if I get re-incarnated

something like 95% of highly paid mutual fund Managers have trailed the S&P 500 index over any 20 year period

I guess they just don't know how to "study the charts"

.
Last edited by: lilredrooster on Jun 20, 2023
Please don't feed the trolls
Wizard
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June 20th, 2023 at 2:09:28 PM permalink
Update: I sent some BTC today and the "network fee" was down to $3.52.

Update #2: A short time later I sent some Etherium and that network fee was $0.52.
Last edited by: Wizard on Jun 20, 2023
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
billryan
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June 20th, 2023 at 4:15:08 PM permalink
Quote: lilredrooster

Quote: billryan



I've concluded there is a market for Bitcoin, not that Bitcoin has any value. I'll buy it when it dips below $16,000 and sell it when it hits 23,000. If you STUDY THE CHARTS, you'll see each high for the last few years has been lower than the previous, and each low drops ever lower.
link to original post



if you can make great predictions like that and with CYDY because you "STUDY THE CHARTS" you must be fabulously wealthy

and I'm not talking millions - I'm talking billions

God I wish I had your skills and talents - maybe in another life - if I get re-incarnated

something like 95% of highly paid mutual fund Managers have trailed the S&P 500 index over a 20 year period

I guess they just don't know how to "study the charts"

.
link to original post



You keep reciting that number as if it means much. If more than ten percent of the students in a class get an A, the course was too easy. Using any sort of measurement, 50% of advisors and funds will underperform the average. Does it surprise you the top performers are less than ten percent?

Beating the market isn't necessary to building wealth, and building wealth doesn't make one rich. My objective was never to get rich, just to build wealth and live the lifestyle I want. I give myself an A- on both.
Fund managers have a much harder task than any individual investor. I can convert my entire position to cash without the market noticing. If JP Morgan does that, it causes a panic. I'm steering a 16 foot motorboat. JP Morgan is steering the Enterprise. Which is more nimbel and able to react to treads?
I've never worried about beating the Dow or the S&P, and my investing style has changed as I learned more and the market changes.
Mr. Strauss was right 175 years ago, and his principals still work today.

Cydy is an interesting chart. You could trace every stock pop back to a phony press release, and the company was looted for millions.
Much of the pilfered money may be returned, and the company is attempting to reclaim its reputation. I'll top out at $1,000 invested.

My bitcoin analysis hasn't made me a dime yet, but I'm a buyer when it dips below $16,000. Depending on other circumstances, I'll be in for $10K and out at 16.5K when that happens. Rinse and repeat until conditions change. It's not a million-dollar investment.

Analyzing charts is what thousands of low-level drones on Wall Street do. 90% of them will not be in the field in three years. It shouldn't be surprising that they miss many opportunities and their bosses reject half of the ones they do find.
It's not that hard to do well in the market, once you put in the time.
Start investing early, invest often, reinvest your dividends and you'll build a solid foundation.

Bulls make money,
Bears make money.
Pigs get slaughtered.
The difference between fiction and reality is that fiction is supposed to make sense.
lilredrooster
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June 21st, 2023 at 2:41:13 AM permalink
Quote: billryan

Quote: lilredrooster

Quote: billryan



I've concluded there is a market for Bitcoin, not that Bitcoin has any value. I'll buy it when it dips below $16,000 and sell it when it hits 23,000. If you STUDY THE CHARTS, you'll see each high for the last few years has been lower than the previous, and each low drops ever lower.
link to original post



if you can make great predictions like that and with CYDY because you "STUDY THE CHARTS" you must be fabulously wealthy

and I'm not talking millions - I'm talking billions

God I wish I had your skills and talents - maybe in another life - if I get re-incarnated

something like 95% of highly paid mutual fund Managers have trailed the S&P 500 index over a 20 year period

I guess they just don't know how to "study the charts"

.
link to original post



You keep reciting that number as if it means much. If more than ten percent of the students in a class get an A, the course was too easy. Using any sort of measurement, 50% of advisors and funds will underperform the average. Does it surprise you the top performers are less than ten percent?

Beating the market isn't necessary to building wealth, and building wealth doesn't make one rich. My objective was never to get rich, just to build wealth and live the lifestyle I want. I give myself an A- on both.
Fund managers have a much harder task than any individual investor. I can convert my entire position to cash without the market noticing. If JP Morgan does that, it causes a panic. I'm steering a 16 foot motorboat. JP Morgan is steering the Enterprise. Which is more nimbel and able to react to treads?
I've never worried about beating the Dow or the S&P, and my investing style has changed as I learned more and the market changes.
Mr. Strauss was right 175 years ago, and his principals still work today.

Cydy is an interesting chart. You could trace every stock pop back to a phony press release, and the company was looted for millions.
Much of the pilfered money may be returned, and the company is attempting to reclaim its reputation. I'll top out at $1,000 invested.

My bitcoin analysis hasn't made me a dime yet, but I'm a buyer when it dips below $16,000. Depending on other circumstances, I'll be in for $10K and out at 16.5K when that happens. Rinse and repeat until conditions change. It's not a million-dollar investment.

Analyzing charts is what thousands of low-level drones on Wall Street do. 90% of them will not be in the field in three years. It shouldn't be surprising that they miss many opportunities and their bosses reject half of the ones they do find.
It's not that hard to do well in the market, once you put in the time.
Start investing early, invest often, reinvest your dividends and you'll build a solid foundation.

Bulls make money,
Bears make money.
Pigs get slaughtered.
link to original post


my main investments for a great many years are Vanguard index funds that track the S&P 500 - one broader index - and a technology index

which means over the last 20 years I have personally outperformed about 95% of all highly paid mutual fund Managers -

and I have paid nothing in capital gains taxes despite huge gains - taxes will not be due until or if and when I sell for cash - since I do exactly ZERO trading - and if I sell they will be long term gains - unlikely to be taxed by the Feds (depending on the proportionality) - or a greatly diminished tax liability

after I purchased these funds my strategy could be accurately described as this:

Do Nothing At All

am I doing something wrong_______? - should I begin consulting charts__________?

or is it possible that the difference between (many - not all) traders and buy and holders of index funds is that (many - not all) traders are gamblers and buy and holders are investors____?

please advise

.
Last edited by: lilredrooster on Jun 21, 2023
Please don't feed the trolls
AxelWolf
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June 21st, 2023 at 3:45:54 AM permalink
All this Doom And Gloom about the SEC lawsuit going to take down Crypto, and yet, BTC is up about 10% since the 9th.
Quote: AxelWolf

Quote: billryan

Yes, it is a good thing. That's the ticket.
link to original post

Yes, that is the ticket, perhaps not immediately. The more they define the regulation/rules/laws/expectations etc, good or bad(within reason), the better it is.

BTC will come out stronger in the end.

I don't even understand what grounds the SEC has to sue. They allowed CoinBase to go public in the first place, did the SEC allow a company to go public that was doing something illegal? The SEC even testified to Congress that they do not have the authority to regulate Crypto exchanges.
link to original post

♪♪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♪♪
lilredrooster
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June 21st, 2023 at 4:32:25 AM permalink
Quote: AxelWolf

All this Doom And Gloom about the SEC lawsuit going to take down Crypto, and yet, BTC is up about 10% since the 9th.


I personally believe that people love the big Bit because it's kinna like saying "up yours" to the Feds and their dominance of the monetary system

this 6 month chart of the big Bit will definitely be extremely helpful to anybody who wants to trade the big Bit






.
Last edited by: lilredrooster on Jun 21, 2023
Please don't feed the trolls
billryan
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June 21st, 2023 at 5:47:48 AM permalink
Quote: AxelWolf

All this Doom And Gloom about the SEC lawsuit going to take down Crypto, and yet, BTC is up about 10% since the 9th.

Quote: AxelWolf

Quote: billryan

Yes, it is a good thing. That's the ticket.
link to original post

Yes, that is the ticket, perhaps not immediately. The more they define the regulation/rules/laws/expectations etc, good or bad(within reason), the better it is.

BTC will come out stronger in the end.

I don't even understand what grounds the SEC has to sue. They allowed CoinBase to go public in the first place, did the SEC allow a company to go public that was doing something illegal? The SEC even testified to Congress that they do not have the authority to regulate Crypto exchanges.
link to original post


link to original post



Are you following the case? The SEC is charging CoinBase with selling an illegal currency. It's like you are wondering why the cops are bothering the corner bodega for selling pot after the city gave them a permit to sell milk and eggs.
The difference between fiction and reality is that fiction is supposed to make sense.
lilredrooster
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June 21st, 2023 at 6:02:18 AM permalink
Quote: billryan

Quote: AxelWolf

All this Doom And Gloom about the SEC lawsuit going to take down Crypto, and yet, BTC is up about 10% since the 9th.

Quote: AxelWolf

Quote: billryan

Yes, it is a good thing. That's the ticket.
link to original post

Yes, that is the ticket, perhaps not immediately. The more they define the regulation/rules/laws/expectations etc, good or bad(within reason), the better it is.

BTC will come out stronger in the end.

I don't even understand what grounds the SEC has to sue. They allowed CoinBase to go public in the first place, did the SEC allow a company to go public that was doing something illegal? The SEC even testified to Congress that they do not have the authority to regulate Crypto exchanges.
link to original post


link to original post



Are you following the case? The SEC is charging CoinBase with selling an illegal currency. It's like you are wondering why the cops are bothering the corner bodega for selling pot after the city gave them a permit to sell milk and eggs.
link to original post



from the CNBC article:

"Bitcoin wasn't named in the SEC's complaint. Bitcoin has been determined to be a commodity under the Commodity Exchange Act, which means typically the Commodities Futures Trading Commission regulates it.

"Don't expect crypto traders to make a mass exit from various exchanges anytime soon. The people who are going to stay away and leave already have. Those who are still left and using services like Coinbase are probably OK with the risks that are involved."


yesterday - see link - there were just under 448 million Bitcoin transactions - more buying than selling since BTC went up yesterday


https://www.cnbc.com/2023/06/12/coinbase-sued-by-sec-over-alleged-unregistered-securities.html#:~:text=On%20June%206%2C%20the%20U.S.,the%20June%206%20press%20release.

https://ycharts.com/indicators/bitcoin_transactions_per_day#:~:text=Basic%20Info,registered%20on%20the%20Bitcoin%20network.

.
Please don't feed the trolls
lilredrooster
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June 21st, 2023 at 12:08:14 PM permalink
Last edited by: lilredrooster on Jun 21, 2023
Please don't feed the trolls
billryan
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June 21st, 2023 at 1:17:04 PM permalink
Something can be not worth investing in, but not be worthless. Almost every condo is a perfect example.
I have no need for Bitcoin, no use for it, and think it is over-valued. Perhaps Useless is a better term than Worthless.
The difference between fiction and reality is that fiction is supposed to make sense.
lilredrooster
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June 21st, 2023 at 1:34:02 PM permalink
Quote: billryan

Perhaps Useless is a better term
link to original post


much less useless than a CYDY chart with peaks and valleys and support and resistance levels

down today - now 26 cents

here we go:



.
Please don't feed the trolls
billryan
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June 21st, 2023 at 1:44:24 PM permalink
Quote: lilredrooster

Quote: billryan

Perhaps Useless is a better term
link to original post


much less useless than a CYDY chart with peaks and valleys and support and resistance levels

down today - now 26 cents

here we go:



.
link to original post



Can you translate that?
The difference between fiction and reality is that fiction is supposed to make sense.
AxelWolf
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June 21st, 2023 at 1:52:19 PM permalink
Quote: billryan

Something can be not worth investing in, but not be worthless. Almost every condo is a perfect example.
I have no need for Bitcoin, no use for it, and think it is over-valued. Perhaps Useless is a better term than Worthless.
link to original post

Why are condos not worth investing in?
♪♪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♪♪
lilredrooster
lilredrooster
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June 21st, 2023 at 1:56:00 PM permalink
Quote: billryan

Quote: lilredrooster

Quote: billryan

Perhaps Useless is a better term
link to original post


much less useless than a CYDY chart with peaks and valleys and support and resistance levels

down today - now 26 cents

here we go:



.
link to original post



Can you translate that?
link to original post



penny stocks:

from the article:

"Two problems arise when stocks don't have much liquidity. First, you won't be able to sell the stock. If there is a low level of liquidity, it may be hard to find a buyer for a particular stock, and you may be required to lower your price until it is considered attractive to another buyer.

Second, low liquidity levels provide opportunities for some traders to manipulate stock prices, which is done in many different ways—the easiest is to buy large amounts of stock, hype it up, and then sell it after other investors have driven up the price. This technique is also known as pump and dump.

Penny stocks have been a thorn in the side of the SEC for some time. That's because the lack of available information and poor liquidity make micro-cap stocks an easy target for fraudsters. There are many scams used to separate investors from their money."



https://www.investopedia.com/investing/the-lowdown-on-penny-stocks/#:~:text=Penny%20stocks%20are%20high%2Drisk,separate%20you%20from%20your%20money

.
Please don't feed the trolls
AxelWolf
AxelWolf
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June 21st, 2023 at 4:22:34 PM permalink
Quote: billryan

Quote: AxelWolf

All this Doom And Gloom about the SEC lawsuit going to take down Crypto, and yet, BTC is up about 10% since the 9th.

Quote: AxelWolf

Quote: billryan

Yes, it is a good thing. That's the ticket.
link to original post

Yes, that is the ticket, perhaps not immediately. The more they define the regulation/rules/laws/expectations etc, good or bad(within reason), the better it is.

BTC will come out stronger in the end.

I don't even understand what grounds the SEC has to sue. They allowed CoinBase to go public in the first place, did the SEC allow a company to go public that was doing something illegal? The SEC even testified to Congress that they do not have the authority to regulate Crypto exchanges.
link to original post


link to original post



Are you following the case? The SEC is charging CoinBase with selling an illegal currency.
link to original post

Yes, and as I said before BTC doesn't seem to fall under that category. That's ultimately good for BTC IMO.

Are you claiming Coinbase started selling illegal currency AFTER the SEC allowed them to go public? Let's assume CB was "selling illegal currency " before the SEC allowed them to go public, shouldn't we the public be bringing charges against the SEC?

The SEC should be responsible for any losses incurred due to any "illegal currency" transactions since they authorized a company to go public, a company that was obviously engaging illegal transactions.

Why did they allow CB to go public if they were engaged in illegal activities?

Win lose or draw, feel free to make clear regulations. That'll be better for crypto and everyone involved.

If CB has to operate overseas, so be it.
♪♪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♪♪
lilredrooster
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rainman
June 22nd, 2023 at 5:17:18 AM permalink
.
per the link there are about 45 million Crypto users in the U.S.

I really, really doubt that any U.S. Government enforcement effort would want to shut down Crypto and P.O. that many people

https://www.zippia.com/advice/cryptocurrency-statistics/#:~:text=There%20are%20approximately%20200%2C000%20Bitcoin,in%2C%20or%20traded%20a%20cryptocurrency

.
Please don't feed the trolls
DRich
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June 22nd, 2023 at 2:19:01 PM permalink
Quote: lilredrooster

.
per the link there are about 45 million Crypto users in the U.S.



I do not believe that statistic at all. There may be 45 million people that own Bitcoin but I doubt many of them actually use it.
At my age, a "Life In Prison" sentence is not much of a deterrent.
darkoz
darkoz
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June 22nd, 2023 at 6:27:13 PM permalink
Quote: DRich

Quote: lilredrooster

.
per the link there are about 45 million Crypto users in the U.S.



I do not believe that statistic at all. There may be 45 million people that own Bitcoin but I doubt many of them actually use it.
link to original post



Crypto is what it says. Not Bitcoin.

Unfortunately Bitcoin has become like Xerox where people use the product term interchangeable with the service.
For Whom the bus tolls; The bus tolls for thee
rxwine
rxwine
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June 22nd, 2023 at 6:39:03 PM permalink
Quote: darkoz

Quote: DRich

Quote: lilredrooster

.
per the link there are about 45 million Crypto users in the U.S.



I do not believe that statistic at all. There may be 45 million people that own Bitcoin but I doubt many of them actually use it.
link to original post



Crypto is what it says. Not Bitcoin.

Unfortunately Bitcoin has become like Xerox where people use the product term interchangeable with the service.
link to original post



Best branding you can get.

Like google. I google everything regardless of what search tool I use. (although 99% of the time, I use Google)

(google originally won me over because they were smart enough to have a big blank page while other search engines had ads and other junk on their opening page)
There's no secret. Just know what you're talking about before you open your mouth.
AZDuffman
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June 23rd, 2023 at 3:42:01 AM permalink
Quote: DRich

Quote: lilredrooster

.
per the link there are about 45 million Crypto users in the U.S.



I do not believe that statistic at all. There may be 45 million people that own Bitcoin but I doubt many of them actually use it.
link to original post



Owning it is using it.
All animals are equal, but some are more equal than others
SOOPOO
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June 23rd, 2023 at 7:22:40 AM permalink
Quote: AZDuffman

Quote: DRich

Quote: lilredrooster

.
per the link there are about 45 million Crypto users in the U.S.



I do not believe that statistic at all. There may be 45 million people that own Bitcoin but I doubt many of them actually use it.
link to original post



Owning it is using it.
link to original post



You know what he meant. There are plenty of speculators that are just buying it in the hopes of selling at a profit. And there are others who ‘use’ it, like Axel, to get access to certain casinos. To move money in and out of them. I for a very short while owned stock that was a mirror for Bitcoin. I wonder if I’m included in the ‘own Bitcoin’ group?
billryan
billryan
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June 23rd, 2023 at 7:42:55 AM permalink
A fund where I have about 4% of my portfolio invests up to 3% of it's assets to alternative investments that may include some crypto so I suppose all million or so of us investing in the fund can be said to own cryptocurrency,
The difference between fiction and reality is that fiction is supposed to make sense.
AZDuffman
AZDuffman
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June 23rd, 2023 at 8:40:31 AM permalink
Quote: SOOPOO

Quote: AZDuffman

Quote: DRich

Quote: lilredrooster

.
per the link there are about 45 million Crypto users in the U.S.



I do not believe that statistic at all. There may be 45 million people that own Bitcoin but I doubt many of them actually use it.
link to original post



Owning it is using it.
link to original post



You know what he meant. There are plenty of speculators that are just buying it in the hopes of selling at a profit. And there are others who ‘use’ it, like Axel, to get access to certain casinos. To move money in and out of them. I for a very short while owned stock that was a mirror for Bitcoin. I wonder if I’m included in the ‘own Bitcoin’ group?
link to original post



yes, I know what he meant. He meant he hates it and hates that people invest in it.

I would not consider owning Microstrategy (your stock?) "owning bitcoin."

45 million is a good critical mass. It means each cannot own even 1/2 a bitcoin. No idea if that number is USA or worldwide. The haters seem to be the same haters of other things where people do not just blindly comply with things. As if someone using a store of value that is its own ecosystem is a danger to them,
All animals are equal, but some are more equal than others
billryan
billryan
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June 23rd, 2023 at 10:04:52 AM permalink
Quote: AZDuffman

Quote: SOOPOO

Quote: AZDuffman

Quote: DRich

Quote: lilredrooster

.
per the link there are about 45 million Crypto users in the U.S.



I do not believe that statistic at all. There may be 45 million people that own Bitcoin but I doubt many of them actually use it.
link to original post



Owning it is using it.
link to original post



You know what he meant. There are plenty of speculators that are just buying it in the hopes of selling at a profit. And there are others who ‘use’ it, like Axel, to get access to certain casinos. To move money in and out of them. I for a very short while owned stock that was a mirror for Bitcoin. I wonder if I’m included in the ‘own Bitcoin’ group?
link to original post



yes, I know what he meant. He meant he hates it and hates that people invest in it.

I would not consider owning Microstrategy (your stock?) "owning bitcoin."

45 million is a good critical mass. It means each cannot own even 1/2 a bitcoin. No idea if that number is USA or worldwide. The haters seem to be the same haters of other things where people do not just blindly comply with things. As if someone using a store of value that is its own ecosystem is a danger to them,
link to original post



Anything that helps people avoid taxes is a danger to our country and our way of life. I don't really care what people invest in, as long as they pay their share of taxes on it. Regulate Crypto, and keep the playing field relatively fair. It's ridiculous that anyone can fail to report income on millions of dollars and be given probation.
The difference between fiction and reality is that fiction is supposed to make sense.
DRich
DRich
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June 23rd, 2023 at 10:10:26 AM permalink
Quote: darkoz

Quote: DRich

Quote: lilredrooster

.
per the link there are about 45 million Crypto users in the U.S.



I do not believe that statistic at all. There may be 45 million people that own Bitcoin but I doubt many of them actually use it.
link to original post



Crypto is what it says. Not Bitcoin.

Unfortunately Bitcoin has become like Xerox where people use the product term interchangeable with the service.
link to original post



I agree but I still don't believe there are 45 miliion crypto users in the U.S.
At my age, a "Life In Prison" sentence is not much of a deterrent.
billryan
billryan
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June 23rd, 2023 at 10:41:17 AM permalink
A person buys bitcoin
A man buys Solera
A father buys SFXT
A Cop buys BTX

Did four people each buy one token? Or did one buyer buy one of each?

You can't add the number of people who own each currency together, because there is a significant overlap between them.
The difference between fiction and reality is that fiction is supposed to make sense.
darkoz
darkoz
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June 23rd, 2023 at 11:42:36 AM permalink
Quote: billryan

Quote: AZDuffman

Quote: SOOPOO

Quote: AZDuffman

Quote: DRich

Quote: lilredrooster

.
per the link there are about 45 million Crypto users in the U.S.



I do not believe that statistic at all. There may be 45 million people that own Bitcoin but I doubt many of them actually use it.
link to original post



Owning it is using it.
link to original post



You know what he meant. There are plenty of speculators that are just buying it in the hopes of selling at a profit. And there are others who ‘use’ it, like Axel, to get access to certain casinos. To move money in and out of them. I for a very short while owned stock that was a mirror for Bitcoin. I wonder if I’m included in the ‘own Bitcoin’ group?
link to original post



yes, I know what he meant. He meant he hates it and hates that people invest in it.

I would not consider owning Microstrategy (your stock?) "owning bitcoin."

45 million is a good critical mass. It means each cannot own even 1/2 a bitcoin. No idea if that number is USA or worldwide. The haters seem to be the same haters of other things where people do not just blindly comply with things. As if someone using a store of value that is its own ecosystem is a danger to them,
link to original post



Anything that helps people avoid taxes is a danger to our country and our way of life. I don't really care what people invest in, as long as they pay their share of taxes on it. Regulate Crypto, and keep the playing field relatively fair. It's ridiculous that anyone can fail to report income on millions of dollars and be given probation.
link to original post



Why do you believe Crypto helps people avoid paying taxes? The entire history of ownership in Bitcoin is traceable.

Cash on the other hand isn't and certainly US cash currency has a long and varied history of tax evasion cases! The phrase "Are you willing to pay in cash?" Is practically a slogan for tax evasion.

But I don't see you anti-US cash.

Just trying to make sense of the stance you have on it.
For Whom the bus tolls; The bus tolls for thee
AZDuffman
AZDuffman
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June 23rd, 2023 at 12:37:01 PM permalink
Quote: billryan

Quote: AZDuffman

Quote: SOOPOO

Quote: AZDuffman

Quote: DRich

Quote: lilredrooster

.
per the link there are about 45 million Crypto users in the U.S.



I do not believe that statistic at all. There may be 45 million people that own Bitcoin but I doubt many of them actually use it.
link to original post



Owning it is using it.
link to original post



You know what he meant. There are plenty of speculators that are just buying it in the hopes of selling at a profit. And there are others who ‘use’ it, like Axel, to get access to certain casinos. To move money in and out of them. I for a very short while owned stock that was a mirror for Bitcoin. I wonder if I’m included in the ‘own Bitcoin’ group?
link to original post



yes, I know what he meant. He meant he hates it and hates that people invest in it.

I would not consider owning Microstrategy (your stock?) "owning bitcoin."

45 million is a good critical mass. It means each cannot own even 1/2 a bitcoin. No idea if that number is USA or worldwide. The haters seem to be the same haters of other things where people do not just blindly comply with things. As if someone using a store of value that is its own ecosystem is a danger to them,
link to original post



Anything that helps people avoid taxes is a danger to our country and our way of life. I don't really care what people invest in, as long as they pay their share of taxes on it. Regulate Crypto, and keep the playing field relatively fair. It's ridiculous that anyone can fail to report income on millions of dollars and be given probation.
link to original post



Avoiding taxes is perfectly fine. Evading is something else. By your logic we need to get rid of cash because nobody reports all the cash income they get.

I will get suspended if I go further into what I feel about taxes.
All animals are equal, but some are more equal than others
AxelWolf
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June 23rd, 2023 at 12:37:27 PM permalink
Quote: SOOPOO

Quote: AZDuffman

Quote: DRich

Quote: lilredrooster

.
per the link there are about 45 million Crypto users in the U.S.



I do not believe that statistic at all. There may be 45 million people that own Bitcoin but I doubt many of them actually use it.
link to original post



Owning it is using it.
link to original post



You know what he meant. There are plenty of speculators that are just buying it in the hopes of selling at a profit. And there are others who ‘use’ it, like Axel, to get access to certain casinos. To move money in and out of them. I for a very short while owned stock that was a mirror for Bitcoin. I wonder if I’m included in the ‘own Bitcoin’ group?
link to original post

I know I might seem like a staunch supporter of BTC/Crypto, however, I too have my reservations. BTC certainly hasn't become a mainstream coin for daily transactions accepted everywhere. Very few places accept it when compared to other payment systems. As of now, for me, I only find it useful for a few limited things. Sending/receiving the money to and from someone who also uses BTC, online casinos, and a few online places that accept BTC for services or products(very few places and times).

There are other cryptocurrencies that solve problems and do more than just act as a peer-to-peer payment method.
I believe that's going to turn out worst than the .com bubble, or has that happened already? However, I believe there are going to be a few that are going to be huge.

Unlike some others here, I'm willing to admit I have no blanking clue if BTC and other coins will go up or down, I'm speculating based on different reasons.

I think you're foolish if you are comparing it to Beanie Babies, and foolish if you think it's all going to the moon.
♪♪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♪♪
billryan
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July 21st, 2023 at 8:22:21 PM permalink
Fed Now launched this week. It will take a few years to fully implement, but things will never be the same.
The difference between fiction and reality is that fiction is supposed to make sense.
AxelWolf
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July 21st, 2023 at 9:14:48 PM permalink
Quote: billryan

Fed Now launched this week. It will take a few years to fully implement, but things will never be the same.
link to original post

Perhaps you can explain how/why FedNow is that much different than PP, Cashapp, Venmo, Zelle, or other payment services? The banks and government will still have "control" of your money. It's centralized where most crypto isn't.
♪♪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♪♪
billryan
billryan
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July 22nd, 2023 at 4:59:15 AM permalink
Quote: AxelWolf

Quote: billryan

Fed Now launched this week. It will take a few years to fully implement, but things will never be the same.
link to original post

Perhaps you can explain how/why FedNow is that much different than PP, Cashapp, Venmo, Zelle, or other payment services? The banks and government will still have "control" of your money. It's centralized where most crypto isn't.
link to original post



You just did.
The difference between fiction and reality is that fiction is supposed to make sense.
EvenBob
EvenBob
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July 22nd, 2023 at 11:29:47 AM permalink
Once quantum computers become common which will be fairly soon crypto will be a thing of the past because it will be extremely easy to make. A quantum computer can do a math problem that would take a regular computer 10,000 years to complete, a quantum computer can do it in under a minute. Bye bye crypto. It's like when they start mining asteroids which they're looking at doing now, for things like gold, this will make gold on earth almost worthless because there will be too much of it.
"It's not called gambling if the math is on your side."
UP84
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July 22nd, 2023 at 11:48:04 AM permalink
Quote: EvenBob

Once quantum computers become common which will be fairly soon crypto will be a thing of the past because it will be extremely easy to make. A quantum computer can do a math problem that would take a regular computer 10,000 years to complete, a quantum computer can do it in under a minute. Bye bye crypto...
link to original post

Nope, because it'll be just as easy to adjust the target hash and increase the cryptocurrency difficulty.
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