OT: Stock trading | Page 136 | The Boneyard

OT: Stock trading

uconndogs said:
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.
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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.
 
Fairfield_1st said:
Same story with me and my nephew. He explains and dabbles, I don't understand. Don't even get me started on "mining".
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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
 
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'.
 
uconndogs said:
A currency without any underlying store of value?
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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.
 
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John Greene said:
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'.
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Turns out I do understand crypto.
 
StllH8L8ner said:
I'm still holding but been getting pummeled.
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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.
 
uconndogs said:
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.
Expand ...
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!
 
ClifSpliffy said:
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!
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Whatever. This is the favorite story of the uninformed. Talk to me in a few years- I’ll buy you gold dipped tulips.
 
August_West said:
which is?
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A universe of contracts compelling payment in dollars; a large/affluent population paid and compelled to pay taxes in dollars; an army, navy and air force enforcing at least some portion of the world to use dollars. To name a few.
 
Scot-e said:
Whatever. This is the favorite story of the uninformed. Talk to me in a few years- I’ll buy you gold dipped tulips.
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last week, i was chillin at onnadose beachfront house thingys someone alluded to in the bud thread, my 'northern' one. had to get back to rancho spliffy tho, and plan my upcoming grass cutting agenda, cuz it's a year to year question whether i walk 1/2 million, or up to 1 million square feet of dirt for my warm weather exercise. thats just the turf around the crib, not the outback places.
six feet at a time. too bad the world got itself in such a big hurry/laziness/wussfulness as the 72'' walker is a disappearing breed. imma scag guy meself. cf. The only new scag 72 walk behind in country | LawnSite™ is the largest and most active online forum serving green industry professionals. i was 'retired' by grad/professional school times. apple $18, coursin, everrone heard my specific thoughts on msft and tesla, here. u can look it up.
bears make money, bulls make money, pigs go broke.
buenos suerte! ni hao ma?
 
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ClifSpliffy said:
last week, i was chillin at onnadose beachfront house thingys someone alluded to in the bud thread, my 'northern' one. had to get back to rancho spliffy tho, and plan my upcoming grass cutting agenda, cuz it's a year to year question whether i walk 1/2 million, or up to 1 million square feet of dirt for my warm weather exercise. thats just the turf around the crib, not the outback places. i was 'retired' by grad/professional school times. apple $18, coursin, everrone heard my specific thoughts on msft and tesla, here. u can look it up.
bears make money, bulls make money, pigs go broke.
buenos suerte! ni hao ma?
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That is twice now you got it wrong. Suerte is feminine. Buena Suerte! Won't even comment on the rest.
 
John Greene said:
That is twice now you got it wrong. Suerte is feminine. Buena Suerte! Won't even comment on the rest.
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umm, sumtimes i struggle with language, like them declensions in latin and grik.
i sure as heck ain't much with engrish, either.
 
Sold out of DOGE - I have never been on one of those insane runups before. Have to do my job - can't stare at Robinhood all day :)

5.8x return - will have to live with that.
 
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