User Tag List

+ Reply to Thread
Page 2 of 3 FirstFirst 123 LastLast
Results 11 to 20 of 30

Thread: Cryptocurrency vs stocks

  1. #11
    Points: 162,077, Level: 96
    Level completed: 11%, Points required for next Level: 3,573
    Overall activity: 29.0%
    Achievements:
    Social50000 Experience PointsVeteranYour first Group
    Ethereal's Avatar Senior Member
    Karma
    461080
    Join Date
    Sep 2013
    Posts
    53,440
    Points
    162,077
    Level
    96
    Thanks Given
    10,568
    Thanked 33,807x in 21,032 Posts
    Mentioned
    1016 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Docthehun View Post
    Peter Thiel is a clown.
    Power always thinks it has a great soul, and vast views, beyond the comprehension of the weak. And that it is doing God's service when it is violating all His laws.
    --John Adams

  2. The Following User Says Thank You to Ethereal For This Useful Post:

    Docthehun (04-08-2021)

  3. #12
    Points: 22,692, Level: 36
    Level completed: 62%, Points required for next Level: 458
    Overall activity: 31.0%
    Achievements:
    Recommendation Second ClassSocial50000 Experience PointsVeteran
    Docthehun's Avatar Senior Member
    Karma
    209443
    Join Date
    Jul 2016
    Posts
    5,393
    Points
    22,692
    Level
    36
    Thanks Given
    10,618
    Thanked 3,653x in 2,418 Posts
    Mentioned
    111 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Ethereal View Post
    Peter Thiel is a clown.
    He has plenty of company.

  4. The Following User Says Thank You to Docthehun For This Useful Post:

    Cotton1 (04-17-2021)

  5. #13
    Points: 20,358, Level: 34
    Level completed: 65%, Points required for next Level: 392
    Overall activity: 2.0%
    Achievements:
    SocialVeteran50000 Experience Points
    Newpublius's Avatar Senior Member
    Karma
    38579
    Join Date
    Mar 2013
    Location
    Boynton Beach, FL
    Posts
    6,594
    Points
    20,358
    Level
    34
    Thanks Given
    1,394
    Thanked 3,562x in 2,404 Posts
    Mentioned
    94 Post(s)
    Tagged
    0 Thread(s)
    If you want to buy BTC or other cryptocurrencies, I'm surely not opposed to it. I mean, I'd like to know exactly what utility they serve that the VISA card in my pocket already serves. I mean, as far as 'money' VISA lets me buy or sell anything from anybody in any currency and converts it, of course to dollars. And then everytime you buy and sell some coin, you're triggering a recognition event for purposes of capital gains.

    Sure, its gone up in value but if you're speculating on that fine, but ultimately all you are speculating on is that more people will want it in the future. Its like an electronic gold bug really, I mean, gold is fine if you want gold, there is a use case for gold of course, but all gold does is to sit there, in fact gold's disadvantage is you have to guard it from theft. It does have the advantage that you can stuff it into a safety deposit box and when you die the government won't know you have it for purposes of estate tax, right?

    Income generating assets. I think stocks are generally overvalued, but businesses that produce valuable things that people will want is still where the focus of your investing should be. Preferably your own business.

    Now there is also a secondary risk and people need to hear this. Let's presume crypto actually is the greatest thing ever. Ok, let's just assume that fact into existence.

    https://en.wikipedia.org/wiki/Executive_Order_6102

    1933 FDR limited the ability of Americans to own gold.

    Here is a list of countries that have purportedly banned Bitcoin:

    https://www.escapeartist.com/blog/co...vel this month.

    Is this list correct?

    https://en.wikipedia.org/wiki/Legali...of_bitcoin.png

    https://www.reuters.com/article/us-s...-idUSKBN1FC069

    So South Korea bans anonymity, ok, not too bad right, again what value does this serve over and above VISA? The government will know about it.

    But the kicker of course will be ultimately that the government isn't going to want the competition to its fiat currency.

    Now you can make the argument that, like drugs, they might be able to make it illegal but it might be difficult to actually make it go away. Fine, but I can point to tens of thousands of individuals serving mandatory minimum ten year sentences in federal prison for drug trafficking.

    One last thing, ultimately people are buying and holding Bitcoin in the hopes that its relative price vz the US dollar will increase.

  6. #14
    Points: 70,708, Level: 64
    Level completed: 89%, Points required for next Level: 242
    Overall activity: 24.0%
    Achievements:
    Social1 year registeredCreated Album pictures50000 Experience PointsOverdrive
    Cotton1's Avatar Senior Member
    Karma
    15187
    Join Date
    Dec 2018
    Location
    Memphis and Arkansas
    Posts
    20,602
    Points
    70,708
    Level
    64
    Thanks Given
    16,174
    Thanked 15,181x in 9,959 Posts
    Mentioned
    69 Post(s)
    Tagged
    1 Thread(s)
    Quote Originally Posted by Cotton1 View Post
    You are a natural. You trade like a seasoned pro. I have not once called seen you rattled.
    Even when litecoin was $155-160 u were cucumber cool. I remember mentioning divergence to you when Altcoins have an inverse correlation to BTC. You said you had noticed so I explained what it meant. How about Lite at $240 tonight while BTC is churning sideways?

    Holy moly and yes ma'am!

    You are a natural, period .

    Thanks for letting me help you get back started .

    That makes me happy.
    U watching litecoin?
    It dropped from $240 to 195 now it's shot from a cannon velocity $223

  7. #15
    Points: 70,708, Level: 64
    Level completed: 89%, Points required for next Level: 242
    Overall activity: 24.0%
    Achievements:
    Social1 year registeredCreated Album pictures50000 Experience PointsOverdrive
    Cotton1's Avatar Senior Member
    Karma
    15187
    Join Date
    Dec 2018
    Location
    Memphis and Arkansas
    Posts
    20,602
    Points
    70,708
    Level
    64
    Thanks Given
    16,174
    Thanked 15,181x in 9,959 Posts
    Mentioned
    69 Post(s)
    Tagged
    1 Thread(s)
    Quote Originally Posted by Cotton1 View Post
    U watching litecoin?
    It dropped from $240 to 195 now it's shot from a cannon velocity $223
    Litecoin equals
    252.08 United States Dollar

    Rock me Amadeus !

  8. #16
    Points: 46,026, Level: 52
    Level completed: 44%, Points required for next Level: 1,024
    Overall activity: 1.0%
    Achievements:
    SocialTagger First ClassRecommendation Second Class50000 Experience PointsVeteran
    Cthulhu's Avatar Senior Member
    Karma
    72819
    Join Date
    Sep 2013
    Location
    The spaces between cognitive thought and passive nightmares
    Posts
    13,711
    Points
    46,026
    Level
    52
    Thanks Given
    10,320
    Thanked 7,950x in 5,320 Posts
    Mentioned
    577 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Cotton1 View Post
    You are a natural. You trade like a seasoned pro. I have not once called seen you rattled.
    Even when litecoin was $155-160 u were cucumber cool. I remember mentioning divergence to you when Altcoins have an inverse correlation to BTC. You said you had noticed so I explained what it meant. How about Lite at $240 tonight while BTC is churning sideways?

    Holy moly and yes ma'am!

    You are a natural, period .

    Thanks for letting me help you get back started .

    That makes me happy.
    Ethereum tokens are going to explode soon I think. But ethereum is going to continue to grow. Litecoin is also going to continue to explode.
    "For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places."

    Ephesians 6:12

  9. #17
    Points: 70,708, Level: 64
    Level completed: 89%, Points required for next Level: 242
    Overall activity: 24.0%
    Achievements:
    Social1 year registeredCreated Album pictures50000 Experience PointsOverdrive
    Cotton1's Avatar Senior Member
    Karma
    15187
    Join Date
    Dec 2018
    Location
    Memphis and Arkansas
    Posts
    20,602
    Points
    70,708
    Level
    64
    Thanks Given
    16,174
    Thanked 15,181x in 9,959 Posts
    Mentioned
    69 Post(s)
    Tagged
    1 Thread(s)
    Quote Originally Posted by Cthulhu View Post
    Ethereum tokens are going to explode soon I think. But ethereum is going to continue to grow. Litecoin is also going to continue to explode.
    I agree. Ethereum is the Mac Daddy of Altcoins and the platform has been tuned recently. Eth classic has went from 7 to 22 in a few months .
    It's a dog with fleas as gekko once said lol
    It's part of a fork that is struggling under the very platform it created.
    Oh well. Someone has to buy at the top . Ain't gonna be me. I dumped that ugly $#@! at $15 and proud of it

    Per litecoin? It shot off like a rocket today. It broke thru overhead R 1 and while ago was 255. I bought some at Christmas sitting on the toilet for 108. When you gotta go huh ?

    This is what I do now
    I sit around trying to keep other's happy and do cryptos

    Hey wanna hear an off color joke?

    Know why elton John doesn't slob on goobers for a $1?

    Because he can afford to suk em for free lo

    Philadelphia freedom , I guess

  10. The Following User Says Thank You to Cotton1 For This Useful Post:

    Cthulhu (04-12-2021)

  11. #18
    Points: 46,026, Level: 52
    Level completed: 44%, Points required for next Level: 1,024
    Overall activity: 1.0%
    Achievements:
    SocialTagger First ClassRecommendation Second Class50000 Experience PointsVeteran
    Cthulhu's Avatar Senior Member
    Karma
    72819
    Join Date
    Sep 2013
    Location
    The spaces between cognitive thought and passive nightmares
    Posts
    13,711
    Points
    46,026
    Level
    52
    Thanks Given
    10,320
    Thanked 7,950x in 5,320 Posts
    Mentioned
    577 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Ethereal View Post
    I've been speculating in crypto for a while. Made some decent returns, but usually sold too early and missed out on some huge gains.

    I'm super long on XRP right now after listening to Cotton's take and doing some research. It's up big in the past couple days, but I won't sell. I'm looking for Ferrari money, not a few grand.

    As for stocks, I went big during the market crash last March. Mostly tech and cannabis stocks. I also put a few hundred into a blue chip mutual fund every once in a while to maintain some diversification. My portfolio is up like 80% since then.

    As for specific stock picks, I like drone stocks. I see commercial drone aviation becoming fairly ubiquitous within the next decade. One day fairly soon, you'll look up in the sky and it will be full of drones doing all sorts of things, from delivering packages to beaming wireless internet.
    Drone swarm tech is taking off so it's a fairly bright choice.
    "For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places."

    Ephesians 6:12

  12. The Following User Says Thank You to Cthulhu For This Useful Post:

    Peter1469 (04-12-2021)

  13. #19
    Points: 46,026, Level: 52
    Level completed: 44%, Points required for next Level: 1,024
    Overall activity: 1.0%
    Achievements:
    SocialTagger First ClassRecommendation Second Class50000 Experience PointsVeteran
    Cthulhu's Avatar Senior Member
    Karma
    72819
    Join Date
    Sep 2013
    Location
    The spaces between cognitive thought and passive nightmares
    Posts
    13,711
    Points
    46,026
    Level
    52
    Thanks Given
    10,320
    Thanked 7,950x in 5,320 Posts
    Mentioned
    577 Post(s)
    Tagged
    0 Thread(s)
    Coinbase goes public tomorrow, strap in boys and girls.

    We're in for quite a ride.
    "For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places."

    Ephesians 6:12

  14. The Following User Says Thank You to Cthulhu For This Useful Post:

    Peter1469 (04-13-2021)

  15. #20
    Points: 46,026, Level: 52
    Level completed: 44%, Points required for next Level: 1,024
    Overall activity: 1.0%
    Achievements:
    SocialTagger First ClassRecommendation Second Class50000 Experience PointsVeteran
    Cthulhu's Avatar Senior Member
    Karma
    72819
    Join Date
    Sep 2013
    Location
    The spaces between cognitive thought and passive nightmares
    Posts
    13,711
    Points
    46,026
    Level
    52
    Thanks Given
    10,320
    Thanked 7,950x in 5,320 Posts
    Mentioned
    577 Post(s)
    Tagged
    0 Thread(s)
    This is so lame...my best gains (percent wise) are with dogecoin.

    Naturally where I put the least money.
    "For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places."

    Ephesians 6:12

  16. The Following 2 Users Say Thank You to Cthulhu For This Useful Post:

    carolina73 (04-16-2021),Peter1469 (04-16-2021)

+ Reply to Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts