Yeah - it maybe Tesla buying that was a serious strategic mistake.
I am also not sure why the SEC isnt involved - Musk can easily be accused of market manipulation - hard to know when he
can legitimately buy/sell without being accused of something.
Hard to keep up, but a poker player I respect has dumped all his ETH and moved it to BTC - thou acknowledging the bull run is likely over.
I have a v small exposure to some alt coins.
BITCOIN as an alternative to regular currency
Charlie Munger must be happy.
Market forces are quite something to behold when everyone is racing for the exit.
Market forces are quite something to behold when everyone is racing for the exit.
...'correct-a-mundo' https://www.youtube.com/watch?v=QcqmYwEGfaQ
...it's a deflation race back to ZERO as that's what all cryptocurrencies are worth: no more than the next fart captured in your closed fist! (which you can at least throw at someone and enjoy their reaction, so it's intrinsic value is just above ZERO )
[Back in the '80's during a previous life of mine, in the USA they used to sell a can of 'Farmyard Spray'...and much fun was had with that ]
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- jamesedwards
- Posts: 2234
- Joined: Wed Nov 21, 2018 6:16 pm
...and yet casino.com insists on interrogating my bank statements before they will let me deposit £100Tuco wrote: ↑Wed May 19, 2021 4:01 pm...'correct-a-mundo' https://www.youtube.com/watch?v=QcqmYwEGfaQ
...it's a deflation race back to ZERO as that's what all cryptocurrencies are worth: no more than the next fart captured in your closed fist! (which you can at least throw at someone and enjoy their reaction, so it's intrinsic value is just above ZERO )
[Back in the '80's during a previous life of mine, in the USA they used to sell a can of 'Farmyard Spray'...and much fun was had with that ]
Bitcoin falls further as China cracks down on crypto-currencies
https://www.bbc.co.uk/news/business-57169726
https://www.bbc.co.uk/news/business-57169726
It's a shame some people are stupid enough to put more than they can afford to lose into a high risk gamble expecting to become rich within a few weeks. It just shows how little money management knowledge the average person has. The only reasonable approach to these markets IMO is to put in around 1% of capital and forget about it for a few years, if that money can't be better used elsewhere.
Blaming Elon Musk for making the price go down reminds me of blaming the horse racing commentators for ruining my trade
Blaming Elon Musk for making the price go down reminds me of blaming the horse racing commentators for ruining my trade
- superfrank
- Posts: 2762
- Joined: Fri Aug 14, 2009 8:28 pm
...sure - as is always the case with ponzi schemes, it's being most aware of when will the music stopsuperfrank wrote: ↑Thu May 20, 2021 1:53 pmEarly adopters of crypto were the really smart ones.
People not wedded to the status quo and traditional thinking.
- johnsheppard
- Posts: 283
- Joined: Mon Feb 04, 2019 6:00 am
- Location: Cairns Australia
I don't know if you'd want to go correlating early adoption with smart. You could just as well correlate ignorance.
Pretty sure there's lots of people who have won the lottery and can't do the math on what a poor investment that ticket was...
Bitcoin i feel is an unregulated currency. Who actually says its worth what it actually is? only the people who started it. I feel (and many will disagree) its like the modern day pyramid schemes.
please find below a funny video link of how I think Bitcoin and all crypto currency are really worth. Before you slate me have a look at the video and have a really good think about.
https://youtu.be/ZiJa9diJOMk
please find below a funny video link of how I think Bitcoin and all crypto currency are really worth. Before you slate me have a look at the video and have a really good think about.
https://youtu.be/ZiJa9diJOMk
This was probably the only tech bubble I never had an early interest in. But having lived through so many, this has been quite spectacular. But it seems each generation has this sort of moment when they pile into something simply on the basis that people are piling into it.