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Old 04-14-2022, 04:43 AM   #71
Scotavo
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[QUOTE=Chaltiaor;11159701]So if the world economy collapses will there be any return on other investments? [QUOTE]
Collapse makes farms a great investment. And guns. At the moment there are 12 nations that are "back up copies" of civilization. All of them are ethno - states like Hungary, or Japan.

Last edited by Scotavo; 04-14-2022 at 07:09 AM.
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Old 05-06-2022, 12:10 PM   #72
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Quote:
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My son was mining Bitcoin and Litecoin with his gaming computer back when Bitcoin were $10 each. He also mined 2.7 million Dogecoin the day they came out.

He sold one of the Bitcoins for $20 and some more when Bitcoin hit $1000 but he still has a handful of coins worth a few thousand. I wish I had put $1000 into Bitcoin when it was $10 but knowing how it was back then - wild wild west doesn’t come close - it would have been like giving $1000 to a random guy on the street and telling him to pick you up some groceries and deliver them to your house next week.
Holy shit did he hold it!
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Old 06-14-2022, 08:03 AM   #73
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The volatility shown yesterday is why high risk investing like crypto is a bad idea. Down $200 billion in one day. Good luck and hopefully those of you heavily invested didn't lose your shirt.
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Old 06-14-2022, 08:26 AM   #74
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I’ve considered this latest techno-gamble and it probably is ‘high risk investing’ but isn’t it all if you go all in on anything? With money you cannot afford to gamble with? I think RISK is relative. If you have money to burn on crypto, it’s low risk. If you don’t, it’s high risk.

Who would have thought GM could have tanked in 2008-9? There are some good arguments here about tangibles and the real worth and value of the dollar vs crypto.
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Old 08-28-2022, 07:30 PM   #75
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I can’t but agree with you, pyroguy! On the other hand stock market has been showing similar volatility these days
The stock market doesn't have +100%, -200%, +400% swings. It may be down right now, but since inception, including the crash, it has averaged about 12% ROR.
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Old 09-24-2022, 06:25 PM   #76
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The stock market doesn't have +100%, -200%, +400% swings. It may be down right now, but since inception, including the crash, it has averaged about 12% ROR.
-200% huh ?

Nothing has come CLOSE to the ROI of Bitcoin since the inception of the stock market
It has hands down been the best asset to buy during bear markets.
Math isn't for everybody though
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Old 09-24-2022, 08:22 PM   #77
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-200% huh ?

Nothing has come CLOSE to the ROI of Bitcoin since the inception of the stock market
It has hands down been the best asset to buy during bear markets.
Math isn't for everybody though
Volatility can be extremely dangerous. If Bitcoin is so great, how come everybody isn't swimming in money? Are you a multi millionaire yet? It seems like you and everyone talking about how great Bitcoin is would be able to have countless amounts of money with how great of an investment everybody already talks about it being. The problem is so many people lose everything they've put into Bitcoin, but you hear the occasional success stories and the wild swings are exciting. If it works as an investment strategy for you, then good for you. It just shows what kind of class act you are when you insult someone who has a differing opinion you have other than offering actual statistical evidence to back up your opinion.
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Old 11-22-2022, 06:09 AM   #78
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For all of you who thought I was an idiot for not investing in cryptocurrency, listen to what is going on now:
https://youtu.be/q8SCoulVEjo

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Old 11-29-2022, 08:31 AM   #79
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I bought Chainlink for $1.78 held it for a few years then sold some at $40 to buy my house in cash. Not a bad investment. Still hold Egld and Chainlink.
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Old 12-25-2022, 12:26 PM   #80
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Quote:
Originally Posted by pyroguy View Post
Volatility can be extremely dangerous. If Bitcoin is so great, how come everybody isn't swimming in money? Are you a multi millionaire yet? It seems like you and everyone talking about how great Bitcoin is would be able to have countless amounts of money with how great of an investment everybody already talks about it being. The problem is so many people lose everything they've put into Bitcoin, but you hear the occasional success stories and the wild swings are exciting. If it works as an investment strategy for you, then good for you. It just shows what kind of class act you are when you insult someone who has a differing opinion you have other than offering actual statistical evidence to back up your opinion.

-200% ?

Math one of your strong suits ?
I don't think investing/math is for you.
1-2% of your portfolio in Bitcoin is a good idea.
When price crashes you buy
When market is going bonkers you sell
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Old 12-25-2022, 12:27 PM   #81
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Pyro guy don't burn your High School diploma yet
Bitcoin is worth the risk
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Old 10-14-2023, 09:43 AM   #82
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I recently rekindled my interest in cryptocurrencies as well, especially with the latest market crash offering some intriguing opportunities. It's essential to stay updated and adapt to the ever-evolving crypto landscape. If you're rejoining the crypto scene, there are some exciting developments to explore. DeFi and NFTs have gained significant traction recently. These areas provide unique investment avenues within the crypto world. I came across a helpful discussion on trade indices recently. It's a good read if you're looking to diversify your investments within the crypto sphere.

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