It is currently Sat Nov 09, 2024 10:32 pm

All times are UTC - 6 hours [ DST ]




Post new topic Reply to topic  [ 1049 posts ]  Go to page Previous  1, 2, 3, 4, 5, 6, 7 ... 35  Next
Author Message
 Post subject: Re: Crypto/Stocks
PostPosted: Tue May 18, 2021 10:20 pm 
Offline
User avatar

Joined: Fri Sep 18, 2020 8:05 pm
Posts: 23751
pizza_Place: Pizanos
Spiral=bootstraps max?

_________________
Peter Clavin wrote:
Because you are stupid, maybe read some books educate yourself.
Nardi wrote:
We walk, talk, and won't shit our pants


Top
 Profile  
 
 Post subject: Re: Crypto/Stocks
PostPosted: Tue May 18, 2021 10:55 pm 
Offline
User avatar

Joined: Thu Oct 18, 2012 9:33 pm
Posts: 19017
pizza_Place: World Famous Pizza
This Ends in Antioch wrote:
Spiral=bootstraps max?


I am not behind one of the worst mults. I have zero mults. Jorr and Crest can confirm. But I now I see what I'm saying and I've just owned myself.

_________________
Seacrest wrote:
The menstrual cycle changes among Hassidic Jewish women was something as well.


Top
 Profile  
 
 Post subject: Re: Crypto/Stocks
PostPosted: Wed May 19, 2021 8:02 am 
Offline
User avatar

Joined: Thu Nov 05, 2015 2:39 pm
Posts: 19521
pizza_Place: Lou Malnati's


Big dips in Bitcoin.

_________________
Why are only 14 percent of black CPS 11th-graders proficient in English?

The Missing Link wrote:
For instance they were never taught that Columbus was a slave owner.


Top
 Profile  
 
 Post subject: Re: Crypto/Stocks
PostPosted: Wed May 19, 2021 8:12 am 
Offline
Site Admin
User avatar

Joined: Sun Apr 04, 2010 10:00 am
Posts: 79336
Location: Ravenswood Manor
pizza_Place: Pete's
China changes its policy on crypto all the time. At some point people will realize that there is no way for governments to realistically stop Bitcoin.

I realize that all markets are driven by emotion to some degree, but Bitcoin seems especially vulnerable to emotional trading. Probably because a lot of it is held by unsophisticated investors.

You can trade in and out of various cryptocurrencies if you want. I'm sure some guys do very well doing that. But for me, Bitcoin is a long term hedge against catastrophe and the possible collapse of the U.S. Dollar. It's funny how the Dollar has taken a beating but most people aren't even aware of it.

I just want to keep about 1% or so of my net worth in Bitcoin as insurance. I'm not concerned about whether it's worth $10,000 or $100,000 in USD.

_________________
Don't take it personally.


Top
 Profile  
 
 Post subject: Re: Crypto/Stocks
PostPosted: Wed May 19, 2021 8:19 am 
Offline
Site Admin
User avatar

Joined: Sun Apr 04, 2010 10:00 am
Posts: 79336
Location: Ravenswood Manor
pizza_Place: Pete's
I'll also say that all of these memecoins, shitcoins, and jokecoins don't help. I'm a Bitcoin maximalist.

_________________
Don't take it personally.


Top
 Profile  
 
 Post subject: Re: Crypto/Stocks
PostPosted: Wed May 19, 2021 8:21 am 
Offline
User avatar

Joined: Wed Jun 21, 2006 6:57 pm
Posts: 91811
Location: To the left of my post
Joe Orr Road Rod wrote:
China changes its policy on crypto all the time. At some point people will realize that there is no way for governments to realistically stop Bitcoin.
"If you want to do business in China, your company cannot be involved in anything related to Bitcoin" would cripple it. What is it good for then?

_________________
You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!


Top
 Profile  
 
 Post subject: Re: Crypto/Stocks
PostPosted: Wed May 19, 2021 8:31 am 
Offline
Site Admin
User avatar

Joined: Sun Apr 04, 2010 10:00 am
Posts: 79336
Location: Ravenswood Manor
pizza_Place: Pete's
Brick wrote:
Joe Orr Road Rod wrote:
China changes its policy on crypto all the time. At some point people will realize that there is no way for governments to realistically stop Bitcoin.
"If you want to do business in China, your company cannot be involved in anything related to Bitcoin" would cripple it. What is it good for then?



Do you think it's that easy to stop people from transacting anonymously? I guess you could shut down the Internet or start killing people. If stuff like that happens on a large scale most of us won't be worried about currency. Currency will be what you can eat.

I'll say again, respectfully, you're like Charlie Munger in that you can't imagine a world without some basic form of the current international hierarchy.

Charlie got lucky in where he was born and the time in which he lived. I may have as well. Maybe. I highly doubt a kid born today in Chicago will be that lucky.

_________________
Don't take it personally.


Top
 Profile  
 
 Post subject: Re: Crypto/Stocks
PostPosted: Wed May 19, 2021 8:37 am 
Offline
User avatar

Joined: Wed Jun 21, 2006 6:57 pm
Posts: 91811
Location: To the left of my post
Joe Orr Road Rod wrote:
Do you think it's that easy to stop people from transacting anonymously? I guess you could shut down the Internet or start killing people. If stuff like that happens on a large scale most of us won't be worried about currency.
You can't stop people from transacting anonymously. You can stop businesses from accepting or being involved in transactions. Look at how the US government pressured the financial institutions to stop making it easy to do offshore gambling.

I could use bitcoin to pay you for a pair of White Sox tickets but most of the value of bitcoin is gone if the White Sox can't accept bitcoin for a pair of White Sox tickets.

Joe Orr Road Rod wrote:
I'll say again, respectfully, you're like Charlie Munger in that you can't imagine a world without some basic form of the current international hierarchy.

Charlie got lucky in where he was born and the time in which he lived. I may have as well. Maybe. I highly doubt a kid born today in Chicago will be that lucky.
I don't know who Charlie Munger is, but the concept of a central government running a large piece of land isn't going away any time soon and if your argument for bitcoin is "Maybe countries won't exist one day" then I wouldn't put much more into your bitcoin investment.

_________________
You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!


Last edited by Brick on Wed May 19, 2021 8:40 am, edited 1 time in total.

Top
 Profile  
 
 Post subject: Re: Crypto/Stocks
PostPosted: Wed May 19, 2021 8:39 am 
Offline
Site Admin
User avatar

Joined: Sun Apr 04, 2010 10:00 am
Posts: 79336
Location: Ravenswood Manor
pizza_Place: Pete's
I'm not a Bitcoin evangelist. Handle your assets as you see fit.

_________________
Don't take it personally.


Top
 Profile  
 
 Post subject: Re: Crypto/Stocks
PostPosted: Wed May 19, 2021 8:41 am 
Offline
User avatar

Joined: Wed Jun 21, 2006 6:57 pm
Posts: 91811
Location: To the left of my post
Joe Orr Road Rod wrote:
I'm not a Bitcoin evangelist. Handle your assets as you see fit.

I actually think it's smart to have 1% of your assets in it but I would also have a target to sell and be happy taking your profit.

_________________
You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!


Top
 Profile  
 
 Post subject: Re: Crypto/Stocks
PostPosted: Wed May 19, 2021 8:53 am 
Offline
User avatar

Joined: Fri Oct 20, 2006 9:15 pm
Posts: 48800
Location: Bohemian Club Annual World Power Consolidation Conference & Golf Outing
pizza_Place: World Fluoridation Conspiracy Pizza & WINGS!
Brick wrote:
I would also have a target to sell and be happy taking your profit.


Excellent advice.

A WEEK AGO!!!

_________________
You know me like that.


Top
 Profile  
 
 Post subject: Re: Crypto/Stocks
PostPosted: Wed May 19, 2021 9:14 am 
Offline
User avatar

Joined: Thu Oct 18, 2012 9:33 pm
Posts: 19017
pizza_Place: World Famous Pizza
Time to buy more!

_________________
Seacrest wrote:
The menstrual cycle changes among Hassidic Jewish women was something as well.


Top
 Profile  
 
 Post subject: Re: Crypto/Stocks
PostPosted: Wed May 19, 2021 9:16 am 
Offline
User avatar

Joined: Fri Oct 20, 2006 9:15 pm
Posts: 48800
Location: Bohemian Club Annual World Power Consolidation Conference & Golf Outing
pizza_Place: World Fluoridation Conspiracy Pizza & WINGS!
SpiralStairs wrote:
Time to buy more!


It's hard not to if you believe it.

Buy the panic.

_________________
You know me like that.


Top
 Profile  
 
 Post subject: Re: Crypto/Stocks
PostPosted: Wed May 19, 2021 9:26 am 
Offline
User avatar

Joined: Fri Oct 20, 2006 9:15 pm
Posts: 48800
Location: Bohemian Club Annual World Power Consolidation Conference & Golf Outing
pizza_Place: World Fluoridation Conspiracy Pizza & WINGS!
I'm buying the panic.

Just bought in some more. Investment is starting to get real.

Somebody get Elon to Tweet something positive.

_________________
You know me like that.


Top
 Profile  
 
 Post subject: Re: Crypto/Stocks
PostPosted: Wed May 19, 2021 9:29 am 
Offline

Joined: Fri Oct 24, 2008 10:28 am
Posts: 4034
Joe Orr Road Rod wrote:
China changes its policy on crypto all the time. At some point people will realize that there is no way for governments to realistically stop Bitcoin.

I realize that all markets are driven by emotion to some degree, but Bitcoin seems especially vulnerable to emotional trading. Probably because a lot of it is held by unsophisticated investors.

You can trade in and out of various cryptocurrencies if you want. I'm sure some guys do very well doing that. But for me, Bitcoin is a long term hedge against catastrophe and the possible collapse of the U.S. Dollar. It's funny how the Dollar has taken a beating but most people aren't even aware of it.

I just want to keep about 1% or so of my net worth in Bitcoin as insurance. I'm not concerned about whether it's worth $10,000 or $100,000 in USD.


Don't you have to be concerned about what Bitcoin is worth if your goal it to have 1% of your net worth (presumably measured in USD) invested in Bitcoin?


Top
 Profile  
 
 Post subject: Re: Crypto/Stocks
PostPosted: Wed May 19, 2021 9:44 am 
Offline
User avatar

Joined: Mon Apr 14, 2014 10:45 am
Posts: 16719
pizza_Place: Salerno's
Joe Orr Road Rod wrote:
I'll also say that all of these memecoins, shitcoins, and jokecoins don't help. I'm a Bitcoin maximalist.


i think the target demo is 12 year olds with their parent's binance login:

$ASS
$BOOB
$PUBE
$DICK
$SEC

somehow $ASS has $157,088,398 mkt cap across a quarter million addresses...post correction

people are still buying ass:

Image


Top
 Profile  
 
 Post subject: Re: Crypto/Stocks
PostPosted: Wed May 19, 2021 9:48 am 
Offline
100000 CLUB
User avatar

Joined: Tue Mar 29, 2005 8:06 pm
Posts: 81454
pizza_Place: 773-684-2222
Bitcoin was at $65k on the 14th of April and now it's at $35k. The major cryptos have declined by about 40% in a week. That's crazy. China and Musk cashed out at the peak they helped create and now they're buying the dip that they manufactured.

_________________
Nas: Blago, who has single handedly destroyed CFMB?

Blago: https://youtube.com/shorts/Lftdxd-YXt8?feature=share


“We cannot turn away from this truth in this election, putting patriotism ahead of partisanship is not an aspiration —it is our duty.” -Liz Cheney


Top
 Profile  
 
 Post subject: Re: Crypto/Stocks
PostPosted: Wed May 19, 2021 10:00 am 
Offline
User avatar

Joined: Mon Apr 14, 2014 10:45 am
Posts: 16719
pizza_Place: Salerno's


Top
 Profile  
 
 Post subject: Re: Crypto/Stocks
PostPosted: Wed May 19, 2021 10:16 am 
Offline
User avatar

Joined: Fri Oct 20, 2006 9:15 pm
Posts: 48800
Location: Bohemian Club Annual World Power Consolidation Conference & Golf Outing
pizza_Place: World Fluoridation Conspiracy Pizza & WINGS!
If ETH gets back to $4,000, I'm going to need a moment.

_________________
You know me like that.


Top
 Profile  
 
 Post subject: Re: Crypto/Stocks
PostPosted: Wed May 19, 2021 10:44 am 
Offline
User avatar

Joined: Fri Oct 20, 2006 9:15 pm
Posts: 48800
Location: Bohemian Club Annual World Power Consolidation Conference & Golf Outing
pizza_Place: World Fluoridation Conspiracy Pizza & WINGS!
Watching the Fed Reserve Bank of Atlanta President. I feel like I should have sought out some more impactful career paths regarding the US Economy.

If this guy says "transitional" one more time, I'm going to lose it.

_________________
You know me like that.


Top
 Profile  
 
 Post subject: Re: Crypto/Stocks
PostPosted: Wed May 19, 2021 10:46 am 
Offline
User avatar

Joined: Fri Oct 20, 2006 9:15 pm
Posts: 48800
Location: Bohemian Club Annual World Power Consolidation Conference & Golf Outing
pizza_Place: World Fluoridation Conspiracy Pizza & WINGS!
Jesus Christ, he just used "the new normal" twice. You're an economist!

If he says "The Bridge Phase", I will continue to lose it.

Good Lord - his quote is "Economic Data missing Expectations is to be Excpected".

Huh?

_________________
You know me like that.


Top
 Profile  
 
 Post subject: Re: Crypto/Stocks
PostPosted: Wed May 19, 2021 10:47 am 
Offline
User avatar

Joined: Fri Sep 18, 2020 8:05 pm
Posts: 23751
pizza_Place: Pizanos
Dr. Kenneth Noisewater wrote:
Jesus Christ, he just used "the new normal" twice. You're an economist!

If he says "The Bridge Phase", I will continue to lose it.

Good Lord - his quote is "Economic Data missing Expectations is to be Excpected".

Huh?

:lol: :lol:

_________________
Peter Clavin wrote:
Because you are stupid, maybe read some books educate yourself.
Nardi wrote:
We walk, talk, and won't shit our pants


Top
 Profile  
 
 Post subject: Re: Crypto/Stocks
PostPosted: Wed May 19, 2021 11:01 am 
Offline
User avatar

Joined: Fri Oct 20, 2006 9:15 pm
Posts: 48800
Location: Bohemian Club Annual World Power Consolidation Conference & Golf Outing
pizza_Place: World Fluoridation Conspiracy Pizza & WINGS!
This is really insane. This guy is still talking.

In a real way, I don't think people understand how little these talking heads know, the experts, I don't just mean the hosts that are paid to just read prompters.

Here's the secret to business school...the secret everyone already knows. The majority of those people were already wealthy to begin with.

They are just trying to figure out how to turn $3 million into, you know, retirement money.

The key to grad school, I feel like I’m doing a podcast now, is just to impress the people there that have money that you can make them more money because you’re smart and they don’t know what to do with their inheritance.

I should write a book. All The Things You Learned At Business School That You Aren’t Supposed To Talk About.

Those Bloomberg analysts are the people that were the worst in school. I’m ranting now but it’s true.
Maybe I will do this as a podcast.

Business School for people that actually care about the important parts.

The smart people that understand what is being discussed retired after a few years and live on an island now.

_________________
You know me like that.


Top
 Profile  
 
 Post subject: Re: Crypto/Stocks
PostPosted: Wed May 19, 2021 11:11 am 
Offline
User avatar

Joined: Sun May 11, 2014 8:50 pm
Posts: 6240
pizza_Place: PizzaHut
Eventually this stupid bubble will end and a lot of dopes will get hurt. Happens every 10 years and I look forward to it.


Top
 Profile  
 
 Post subject: Re: Crypto/Stocks
PostPosted: Wed May 19, 2021 11:19 am 
Offline
User avatar

Joined: Fri Jan 28, 2011 3:05 am
Posts: 28664
pizza_Place: Clamburger's
blackhawksfan wrote:
Eventually this stupid bubble will end and a lot of dopes will get hurt. Happens every 10 years and I look forward to it.

But a lot of dopes have made a lot of money, and changed their lives for the better.

Do you agree?

_________________
Nardi wrote:
Weird, I see Dolphin looking in my asshole


Top
 Profile  
 
 Post subject: Re: Crypto/Stocks
PostPosted: Wed May 19, 2021 11:25 am 
Offline
User avatar

Joined: Fri Oct 20, 2006 9:15 pm
Posts: 48800
Location: Bohemian Club Annual World Power Consolidation Conference & Golf Outing
pizza_Place: World Fluoridation Conspiracy Pizza & WINGS!
blackhawksfan wrote:
Eventually this stupid bubble will end and a lot of dopes will get hurt. Happens every 10 years and I look forward to it.


I think the people that get hurt are not the ones I root against.

_________________
You know me like that.


Top
 Profile  
 
 Post subject: Re: Crypto/Stocks
PostPosted: Wed May 19, 2021 11:26 am 
Offline
User avatar

Joined: Sun May 11, 2014 8:50 pm
Posts: 6240
pizza_Place: PizzaHut
Jbi11s wrote:
blackhawksfan wrote:
Eventually this stupid bubble will end and a lot of dopes will get hurt. Happens every 10 years and I look forward to it.

But a lot of dopes have made a lot of money, and changed their lives for the better.

Do you agree?


Sure, if they sold. A lot of people also get in at the top with money they can't afford to lose every time one of these bubbles gets crazy.


Top
 Profile  
 
 Post subject: Re: Crypto/Stocks
PostPosted: Wed May 19, 2021 11:27 am 
Offline
User avatar

Joined: Sun May 11, 2014 8:50 pm
Posts: 6240
pizza_Place: PizzaHut
Dr. Kenneth Noisewater wrote:
blackhawksfan wrote:
Eventually this stupid bubble will end and a lot of dopes will get hurt. Happens every 10 years and I look forward to it.


I think the people that get hurt are not the ones I root against.


Of course not. The hedge funds buy low, pump, and then dump to suckers who buy at the top. This game has been played over and over again.


Top
 Profile  
 
 Post subject: Re: Crypto/Stocks
PostPosted: Wed May 19, 2021 11:42 am 
Offline
User avatar

Joined: Thu Jun 22, 2006 3:55 pm
Posts: 33063
Location: Wrigley
pizza_Place: Warren Buffet of Cock
Dr. Kenneth Noisewater wrote:
This is really insane. This guy is still talking.

In a real way, I don't think people understand how little these talking heads know, the experts, I don't just mean the hosts that are paid to just read prompters.

Here's the secret to business school...the secret everyone already knows. The majority of those people were already wealthy to begin with.

They are just trying to figure out how to turn $3 million into, you know, retirement money.

The key to grad school, I feel like I’m doing a podcast now, is just to impress the people there that have money that you can make them more money because you’re smart and they don’t know what to do with their inheritance.

I should write a book. All The Things You Learned At Business School That You Aren’t Supposed To Talk About.

Those Bloomberg analysts are the people that were the worst in school. I’m ranting now but it’s true.
Maybe I will do this as a podcast.

Business School for people that actually care about the important parts.

The smart people that understand what is being discussed retired after a few years and live on an island now.


I am going to disagree with you. While I am not a fan of a general MBA degree, there is a lot to be gained from going through case studies and working on group projects with other grad students.

There is a ton to be gained from more technical focused business degrees - finance and accounting- where real skills are taught about tax, investment management, risk/return, financial accounting, audit, etc. I use stuff that I learned everyday, and it helped me climb the ladder to an officer level position within five years of graduating. It also made passing the CPA and CFA exams much easier.

Nearly every IPO call that I sit on is a company founded by incredibly smart business school grads. And they come up with some awesome ideas.

Now many will argue these folks would be successful without that grad degree. Hard for me to prove otherwise, but there is no way I am in my role without a grad degree.

No one in my grad classes was wealthy. They were all aspiring to be so.

_________________
Hawaii (fuck) You


Top
 Profile  
 
 Post subject: Re: Crypto/Stocks
PostPosted: Wed May 19, 2021 11:50 am 
Offline
User avatar

Joined: Fri Oct 20, 2006 9:15 pm
Posts: 48800
Location: Bohemian Club Annual World Power Consolidation Conference & Golf Outing
pizza_Place: World Fluoridation Conspiracy Pizza & WINGS!
I was trying to be a bit controversial.

You are right in many respects. The case study classes were always the best and most educational. I use what I learned every day and I don't consider myself generationally wealthy nor am I living on an island so my very existence disproves my post.

I will say, though, that in my experience, I was out of the ordinary. I was someone with financial education (most of my classmates were foreign and engineers trying to get an MBA to transition into management). They were mostly wealthy as evidenced by the fact that they had gotten to the US for that level of education given the insanely competitive system for them to get into the best schools from where they were from.

Those aren't the wealthy ones that I was criticizing. There was also a group of people that just flat out had money and did not know what to do with it. They were actively networking with people to source their funds.

Many of the business cases one might read are very ambitious people with incredible ideas and a "partner" that is investing in those ideas.

_________________
You know me like that.


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 1049 posts ]  Go to page Previous  1, 2, 3, 4, 5, 6, 7 ... 35  Next

All times are UTC - 6 hours [ DST ]


Who is online

Users browsing this forum: Google [Bot] and 5 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Search for:
Jump to:  
Powered by phpBB® Forum Software © phpBB Group