OT: Stock trading | Page 136 | The Boneyard

OT: Stock trading

XLCenterFan

CT, NE
Joined
Feb 25, 2018
Messages
3,538
Reaction Score
13,456


Seems a bit silly and tough to understand to me, but so did crypto 10 years ago.
 
Joined
Nov 27, 2015
Messages
440
Reaction Score
2,192

Ill leave this here and let you connect the dots. All roads lead back to chainlink. Oh my, what good company they keep.
 
Joined
Nov 27, 2015
Messages
440
Reaction Score
2,192
My son is in tech and while riding our bikes one day he tried to explain to me why crypto currencies are a legitimate store of value. For the life of me I can’t understand it.

I‘ve been in business and finance my entire career and I’ve accepted that this is something that is beyond my ability to comprehend.
I met with a financially adviser the other week and I had to explain what mining was to them. That's when I realized I didn't need a financial adviser.
 
Joined
Aug 26, 2011
Messages
1,164
Reaction Score
13,128

Ill leave this here and let you connect the dots. All roads lead back to chainlink. Oh my, what good company they keep.
someone watches Chico : )
 
Joined
May 1, 2014
Messages
5,668
Reaction Score
5,907
My son is in tech and while riding our bikes one day he tried to explain to me why crypto currencies are a legitimate store of value. For the life of me I can’t understand it.

I‘ve been in business and finance my entire career and I’ve accepted that this is something that is beyond my ability to comprehend.
The interesting thing here is they're not intended to be a "store" in value. They're not a commodity. They're intended to be a currency.
 
Joined
Aug 2, 2015
Messages
2,063
Reaction Score
2,638
Same story with me and my nephew. He explains and dabbles, I don't understand. Don't even get me started on "mining".

Im clueless too, but buddy of mine on a decent rig mined over 375,000 doge back in 2015.

Sold some during the 1st big run for 15k. Literal free $$$
still has over 120k
 
Joined
Sep 15, 2011
Messages
1,776
Reaction Score
1,381
For those who do not understand crypto, three simple points.

1. Some thing have value in use others value in exchange. The two are not necessarily correlated.
2. Anything with very high value in exchange but low value in use will maintain its value as long as someone is willing to pay.
3 The is nothing wrong with 'greater fool' investing so long as you are not the 'greater fool'.
 
Joined
May 1, 2014
Messages
5,668
Reaction Score
5,907
A currency without any underlying store of value?
Ha, ask the people that stored their bitcoin on a flash drive years ago and can't find it or on Mt. Gox. I'd rather dig a hole in the back yard than store my savings in crypto. However, I will give you this, in countries where the banking systems are crap, it almost makes sense.

Interesting you bring this up though. I'm hearing stories of people who have their Doge currently held up on exchanges like Cryptopia. Can you imagine?

Just remember, not your keys, not your coins.
 
Last edited:
Joined
Aug 24, 2011
Messages
4,329
Reaction Score
11,339
For those who do not understand crypto, three simple points.

1. Some thing have value in use others value in exchange. The two are not necessarily correlated.
2. Anything with very high value in exchange but low value in use will maintain its value as long as someone is willing to pay.
3 The is nothing wrong with 'greater fool' investing so long as you are not the 'greater fool'.

Turns out I do understand crypto.
 

Chin Diesel

Power of Love
Joined
Aug 24, 2011
Messages
33,442
Reaction Score
104,742
I'm still holding but been getting pummeled.

At a price below $1.30 pummeling is less of a risk.

There has to be companies who will make a kling in recycling and reclaiming rare metals required for future counting needs.

One thing the 'rona and confronting China and Russia have shown is US has major weakness in securing our own domestic supply chain.
 

ClifSpliffy

surf's up
Joined
Nov 9, 2018
Messages
9,506
Reaction Score
14,289
My son is in tech and while riding our bikes one day he tried to explain to me why crypto currencies are a legitimate store of value. For the life of me I can’t understand it.

I‘ve been in business and finance my entire career and I’ve accepted that this is something that is beyond my ability to comprehend.
Dutch Tulip Bulb Market Bubble Definition (investopedia.com)
and, as far as our greenback and it's overall longterm perceived value, don't forget the part of its' calculus including f-35s and our buggy rolling around Mars today, and it's launching drones up into that 'sky.' and micky d's.
now, aboot the chicom governments current attempt at, err, umm, ... forced expropriation of capital from its people, well, techno cash weighs a lot less in the pocket than gold, and we don't make $1,000 and $10,000 notes no more. that, plus our current mania for speculation, ...
that poster is correct in 'There is nothing wrong with 'greater fool' investing so long as you are not the 'greater fool' but it always is a fine, fine line for deciding when to pull ur chips off the table.
buenos suerte!
 

Online statistics

Members online
264
Guests online
2,110
Total visitors
2,374

Forum statistics

Threads
159,831
Messages
4,207,236
Members
10,076
Latest member
Mpjd2024


.
Top Bottom