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Posted: 1/20/2021 11:17:08 PM EDT
[#1]
Quote HistoryQuoted: What's GDs fascination with shitting on Ed Jones? I can tell you in the last 15yrs with Jones I have done very well. I know, I know sample size of me... But they have done well for my parents and grandmother as well. Bitcoin and Etherium are neat and I'd like to see them go to the moon! But why people shit on investing seems to be like gun owners shitting on each other for their choices. Cool story I know. |
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Posted: 1/20/2021 11:18:12 PM EDT
[#2]
Quote HistoryQuoted: My son has been buying crypto like crazy. I kept telling him once joe and the ho were in it would be worthless. He kept a arguing that hell be able to convert it to cash and make money. I tried to explain to him that the dollar is on it's way to becoming worthless due to pedo joe and the ho. Wonder what his story will be now. I hope he didnt listen to your shitty advice lol. It becomes more valuable if anything. |
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Posted: 1/20/2021 11:20:20 PM EDT
[#3]
Biden is gonna destroy Bitcoin so Chinese crypto E-Yuan can take over. What his master wants, his master gets.
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Posted: 1/20/2021 11:35:10 PM EDT
[#4]
Quote HistoryQuoted: Bitcoin falling since Treasury Secretary Yellen says it is bad and should be stopped. https://news.bitcoin.com/janet-yellen-bitcoin-cryptocurrencies-illicit-financing/ She could just be spreading FUD to drive down prices so her people can pick up more of it cheaper. Later they come out with regulations that aren't particularly onerous (or at least not for the wealthy) then the prices will moon again as the money printers keep on keeping on. |
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Posted: 1/20/2021 11:44:11 PM EDT
[#5]
Quote HistoryQuoted: My son has been buying crypto like crazy. I kept telling him once joe and the ho were in it would be worthless. He kept a arguing that hell be able to convert it to cash and make money. I tried to explain to him that the dollar is on it's way to becoming worthless due to pedo joe and the ho. Wonder what his story will be now. Be careful what you wishould for. His story might br, "Dad, can I move in with you? I'm broke." |
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Posted: 1/20/2021 11:44:53 PM EDT
[#6]
So, I shouldn't be buying on these dips?
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Posted: 1/20/2021 11:48:24 PM EDT
[#7]
Quote HistoryQuoted: So, I shouldn't be buying on these dips? |
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Posted: 1/21/2021 6:40:16 AM EDT
[#8]
Down to 32k this morning so i bought a little more.
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Posted: 1/21/2021 7:22:28 AM EDT
[#9]
Down to $32.6
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Posted: 1/21/2021 7:26:47 AM EDT
[#10]
Quote HistoryQuoted: FJY might not like crypto but FJB’s pick for head of the SEC is/was professor at MIT on blockchain technology. Gary Gensler is Professor of the Practice of Global Economics and Management, MIT Sloan School of Management, Co-Director of MIT’s Fintech@CSAIL & Senior Advisor to the MIT Media Lab Digital Currency Initiative. He conducts research and teaches on blockchain technology, digital currencies, financial technology, and public policy. https://mitsloan.mit.edu/faculty/directory/gary-gensler https://www.investopedia.com/what-does-gary-gensler-as-sec-chief-mean-for-crypto-5095573 I would expect more regulation in regards to the shitcoin ico’s and the like, but I wouldn’t expect crypto to be banned, especially Bitcoin with all of the big institutions buying it. I wouldn’t be surprised if we finally see an ETF in the next year or two. Edit: Here’s an interview with him. Decide for yourself. I just started it. https://underscore.vc/blog/gary-gensler-on-the-future-of-blockchain/ Finished it. I wouldn’t bet on a ban at all with him at the wheel of the SEC. |
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Posted: 1/21/2021 7:35:37 AM EDT
[#11]
So what's a viable not worthless, crypto that's not easily traceable like bitcoin?
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Posted: 1/21/2021 7:39:32 AM EDT
[#12]
Quote HistoryQuoted: If the dollar is on it's way out, then investing in a different currency would be the smart thing to do? |
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Posted: 1/21/2021 7:50:08 AM EDT
[#13]
Quote HistoryQuoted: So, I shouldn't be buying on these dips? Buy it lightly on the way down. When it hits $4k, buy it all.  |
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Posted: 1/21/2021 7:51:46 AM EDT
[#14]
Quote HistoryQuoted: Which is the reason it's not going to be taken seriously as a real currency until the volatility comes way way way way down Quote HistoryQuoted: Quoted: If you're not prepared for +/-10-20% daily fluctuations on crypto that's traded 24/7 then you should stick with Edward Jones. Which is the reason it's not going to be taken seriously as a real currency until the volatility comes way way way way down So who cares, make your money and hope you get out with big profits instead of losses? Unfortunately I'm reasonable and don't like risking money on shit that is way overpriced.....hundreds of percent increases ago.  So bitcoin dropped way down to what it was a couple weeks ago. A month ago it was $22,700. So did it shoot up because of Biden or drop because of Biden? |
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Posted: 1/21/2021 7:54:43 AM EDT
[#15]
Time to buy some more, then.
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Posted: 1/21/2021 8:01:23 AM EDT
[#16]
Quote HistoryQuoted: So what's a viable not worthless, crypto that's not easily traceable like bitcoin? But why do we never hear about ransomware crooks being arrested, if Btc is so traceable and insecure? |
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Posted: 1/21/2021 8:03:05 AM EDT
[#17]
Quote HistoryQuoted: My son has been buying crypto like crazy. I kept telling him once joe and the ho were in it would be worthless. He kept a arguing that hell be able to convert it to cash and make money. I tried to explain to him that the dollar is on it's way to becoming worthless due to pedo joe and the ho. Wonder what his story will be now. |
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Posted: 1/21/2021 8:14:10 AM EDT
[#18]
Yellen doesn't like it.
Combined with the threat of taxing unrealized capital gains and you've kinda got a perfect storm. |
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Posted: 1/21/2021 8:15:43 AM EDT
[#19]
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Posted: 1/21/2021 9:00:25 AM EDT
[#20]
Quote HistoryQuoted: Yellen doesn't like it. Combined with the threat of taxing unrealized capital gains and you've kinda got a perfect storm. Yellen is a washed-up old hag who will do more harm than good. Her grand idea to tax unrealized gains was also floated by Ron Wyden (D-OR) in 2019. It was loaded with problems then and is loaded with problems now. It will wind up like any other tax on a business; the consumer winds up paying it. She can squawk about the research all she wants but, at the end of the day, it will create more headaches than it's worth and cost everyone more in the long run. |
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Posted: 1/21/2021 9:01:08 AM EDT
[#21]
Ethereum is also seeing a good bit of activity this morning.
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Posted: 1/21/2021 9:07:50 AM EDT
[#22]
Quote HistoryQuoted: Yellen is a washed-up old hag who will do more harm than good. Her grand idea to tax unrealized gains was also floated by Ron Wyden (D-OR) in 2019. It was loaded with problems then and is loaded with problems now. It will wind up like any other tax on a business; the consumer winds up paying it. She can squawk about the research all she wants but, at the end of the day, it will create more headaches than it's worth and cost everyone more in the long run. Quote HistoryQuoted: Quoted: Yellen doesn't like it. Combined with the threat of taxing unrealized capital gains and you've kinda got a perfect storm. Yellen is a washed-up old hag who will do more harm than good. Her grand idea to tax unrealized gains was also floated by Ron Wyden (D-OR) in 2019. It was loaded with problems then and is loaded with problems now. It will wind up like any other tax on a business; the consumer winds up paying it. She can squawk about the research all she wants but, at the end of the day, it will create more headaches than it's worth and cost everyone more in the long run. They don’t care about all that. They just want the tax. |
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Posted: 1/21/2021 9:15:23 AM EDT
[#23]
Quote HistoryQuoted: Yellen is a washed-up old hag who will do more harm than good. Her grand idea to tax unrealized gains was also floated by Ron Wyden (D-OR) in 2019. It was loaded with problems then and is loaded with problems now. It will wind up like any other tax on a business; the consumer winds up paying it. She can squawk about the research all she wants but, at the end of the day, it will create more headaches than it's worth and cost everyone more in the long run. Quote HistoryQuoted: Quoted: Yellen doesn't like it. Combined with the threat of taxing unrealized capital gains and you've kinda got a perfect storm. Yellen is a washed-up old hag who will do more harm than good. Her grand idea to tax unrealized gains was also floated by Ron Wyden (D-OR) in 2019. It was loaded with problems then and is loaded with problems now. It will wind up like any other tax on a business; the consumer winds up paying it. She can squawk about the research all she wants but, at the end of the day, it will create more headaches than it's worth and cost everyone more in the long run. Preaching to the choir man. Just saying that bitcoin represents a gov nightmare, untraceable and untaxable form of investment. common stock gains would generate too much negative press, but bitcoin is still considered "fringe" investment and represents low-hanging fruit. I could absolutely see the .gov going after it. |
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Posted: 1/21/2021 9:19:59 AM EDT
[#24]
Quote HistoryQuoted: Ethereum is also seeing a good bit of activity this morning. It would appear so. Last week when ETH was flirting with $1100 I was going to grab some if it hit that level. Still above that, hoping for a nice drop. |
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Posted: 1/21/2021 9:21:28 AM EDT
[#25]
With a cure for the WooooHan-Flu, Liberals will be able to get out and get their drugs.
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Posted: 1/21/2021 9:27:33 AM EDT
[#26]
Quote HistoryQuoted: Preaching to the choir man. Just saying that bitcoin represents a gov nightmare, untraceable and untaxable form of investment. common stock gains would generate too much negative press, but bitcoin is still considered "fringe" investment and represents low-hanging fruit. I could absolutely see the .gov going after it. But, it is traceable. It's all on the blockchain. The IRS are already using blockchain analytics. The untraceable line is just trying to make it look like the preferred method of finance for terrorists. If the government says it's a bad thing, you know it's probably good. But, yeah...preacher, choir. I agree. |
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Posted: 1/21/2021 9:28:36 AM EDT
[#27]
Quote HistoryQuoted: It would appear so. Last week when ETH was flirting with $1100 I was going to grab some if it hit that level. Still above that, hoping for a nice drop. And it's picking up steam, it seems. |
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Posted: 1/21/2021 9:44:03 AM EDT
[#28]
Quote HistoryQuoted: I keep hearing this, and am familiar with the Ulbricht case where all the LE power on earth was focused on one case, and he kinda screwed up and made it easier... But why do we never hear about ransomware crooks being arrested, if Btc is so traceable and insecure? Quote HistoryQuoted: Quoted: So what's a viable not worthless, crypto that's not easily traceable like bitcoin? But why do we never hear about ransomware crooks being arrested, if Btc is so traceable and insecure? To be honest I haven't spent much time researching it, just heard it in a few places. |
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Posted: 1/21/2021 9:44:13 AM EDT
[#29]
Quote HistoryQuoted: Preaching to the choir man. Just saying that bitcoin represents a gov nightmare, untraceable and untaxable form of investment. common stock gains would generate too much negative press, but bitcoin is still considered "fringe" investment and represents low-hanging fruit. I could absolutely see the .gov going after it. Why would they give up all that tax revenue? |
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Posted: 1/21/2021 9:45:29 AM EDT
[#30]
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Posted: 1/21/2021 10:36:09 AM EDT
[#31]
Quote HistoryQuoted: PANIC! We are still 11k over the top of the Bull Market support bands for BTC. https://www.ar15.com/media/mediaFiles/129054/btcbull_JPG-1789406.JPG So what you think it's going to fall to low to mid 20k range? |
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Posted: 1/21/2021 10:57:40 AM EDT
[#32]
Fuck it, started a coinbase account. Guess I’ll diversify further.
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Posted: 1/21/2021 11:00:37 AM EDT
[#33]
Down to $31k
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Posted: 1/21/2021 11:02:44 AM EDT
[#34]
Quote HistoryQuoted: Fuck it, started a coinbase account. Guess I’ll diversify further. Use Coinbase Pro if you’re going with them. Lower fees. |
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Posted: 1/21/2021 11:10:12 AM EDT
[#35]
Sold mine after it fell below 40k, walked away with a few hundred dollars profit in my pocket. Last time it spoke a few years ago I ended up with enough to buy a suppressor.
Would have been nice to have more but I just can’t bring myself to put any significant amount of money into what feels like a global Ponzi scheme. Barely any places take it as payment and those that do just have it converted to dollars which tells you something about which is the more useful form of currency. Bitcoin prophets bitch about the US dollar being fiat currency, ie money back by nothing other than faith in the government that prints it. Well what the fuck do you think Bitcoin is?!? It’s a currency back by literally no country, there isn’t even paper bills you can hide under your mattress, it’s just ones and zeros bouncing around the internet. Not to mention the amount of energy consumed by all the damn crypto miners, which btw is necessary to process all of the transactions. Shut the miners down you shut the currency down. Fatal flaw IMO. If the price doesn’t keep going up miners will stop and then you can’t process transactions and the system grinds to a halt I’m predicting this crypto currency is going to be a modern day tulips bubble. Early investors will get rich but the average joe chasing the fear of missing out is going to get burned. There will be a bunch of nerds sitting on a beach somewhere laughing at the rest of the world. And if you think the US and Europe (the dollar and euro make up 90% of the currency circulated worldwide) are going to set back and let their monopoly on global currency be replaced by a digital currency you are stupid. They will do whatever it takes to put an end to this. At best it becomes a form of digital gold that some people choose to put a portion of their assets into, but there will never be a day when we all are paying with Bitcoin. It’s not going to happen. |
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Posted: 1/21/2021 11:11:59 AM EDT
[#36]
I'm really struggling on where to put money now with the communist takeover.
It seems pretty obvious to me that the only companies that are going to do well going forward are the ones ruining this country. What a shitty place to be. |
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Posted: 1/21/2021 11:13:41 AM EDT
[#37]
Quote HistoryQuoted: My son has been buying crypto like crazy. I kept telling him once joe and the ho were in it would be worthless. He kept a arguing that hell be able to convert it to cash and make money. I tried to explain to him that the dollar is on it's way to becoming worthless due to pedo joe and the ho. Wonder what his story will be now. |
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Posted: 1/21/2021 11:54:55 AM EDT
[#38]
Quote HistoryQuoted: So what you think it's going to fall to low to mid 20k range? |
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Posted: 1/21/2021 11:56:46 AM EDT
[#39]
Quote HistoryQuoted: Use Coinbase Pro if you're going with them. Lower fees. Quote HistoryQuoted: Quoted: Fuck it, started a coinbase account. Guess I'll diversify further. Use Coinbase Pro if you're going with them. Lower fees. |
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Posted: 1/21/2021 11:59:11 AM EDT
[#40]
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Posted: 1/21/2021 12:09:40 PM EDT
[#41]
Quote HistoryQuoted: Why would they give up all that tax revenue? I just can't see them going after common equity holdings that Maw and Paw have in their portfolio. I think it would generate substantial unrest amongst the masses. I can see them applying something like this to crypto currencies. The majority of US citizens still don't understand them and don't hold them as investments. It represents an easy tax grab by the .gov. I'm just spitballing here. |
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Posted: 1/21/2021 12:13:45 PM EDT
[#42]
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Posted: 1/21/2021 12:15:02 PM EDT
[#43]
I did see this this morning:
"President Biden Suspends Controversial Cryptocurrency Wallet Rules" https://dailycoin.com/president-biden-suspends-controversial-cryptocurrency-wallet-rules/ |
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Posted: 1/21/2021 12:16:59 PM EDT
[#44]
Quote HistoryQuoted: My son has been buying crypto like crazy. I kept telling him once joe and the ho were in it would be worthless. He kept a arguing that hell be able to convert it to cash and make money. I tried to explain to him that the dollar is on it's way to becoming worthless due to pedo joe and the ho. Wonder what his story will be now. Even if we pursue the theory that Bitcoin is a measure of computing power, broadly; Computer power is worthless when you aren't allowed to work, aren't allowed to store wealth, aren't allowed to use that computer power to pursue profitable ventures, can be denied commerce and even internet access, and so on. Tl;dr, you can't eat teraflops. |
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Posted: 1/21/2021 12:18:04 PM EDT
[#45]
Bitcoin dominance is falling.
Alt Season is coming. 
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Posted: 1/21/2021 12:20:02 PM EDT
[#46]
It's going to drop further over the next few months... if you have any, I recommend to sell.
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Posted: 1/21/2021 12:32:33 PM EDT
[#47]
Quote HistoryQuoted: It's going to drop further over the next few months... if you have any, I recommend to sell. |
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Posted: 1/21/2021 12:35:11 PM EDT
[#48]
Quote HistoryQuoted: Why invest in a currency at all? That's the best question. People are treating a speculative instrument as an investment vehicle. Instead of taking profits, they hold and lose. |
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Posted: 1/21/2021 12:36:57 PM EDT
[#49]
Quote HistoryQuoted: I'm really struggling on where to put money now with the communist takeover. It seems pretty obvious to me that the only companies that are going to do well going forward are the ones ruining this country. What a shitty place to be. Same, but I'm thinking commodity stocks should do well with whatever green new deal thing gets passed. The green new deal will require a lot of copper, nickel, and silver. |
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Posted: 1/21/2021 12:40:31 PM EDT
[#50]
Quote HistoryQuoted: Same, but I'm thinking commodity stocks should do well with whatever green new deal thing gets passed. The green new deal will require a lot of copper, nickel, and silver. Quote HistoryQuoted: Quoted: I'm really struggling on where to put money now with the communist takeover. It seems pretty obvious to me that the only companies that are going to do well going forward are the ones ruining this country. What a shitty place to be. Same, but I'm thinking commodity stocks should do well with whatever green new deal thing gets passed. The green new deal will require a lot of copper, nickel, and silver. Which mostly come from outside the US and the mines are often quasi owned by socialist governments. |
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