The Accurate Reloading Forums
Will Crypto Currency Make Its Way Into the Hunting World
16 June 2022, 03:44
AilsaWheelsWill Crypto Currency Make Its Way Into the Hunting World
I'm not trying to start anything. Just posting an observation I saw on the internet a couple days ago.
_______________________________________________
Bitcoin yearly lows:
2012: $4
2013: $65
2014: $200
2015: $185
2016: $365
2017: $780
2018: $3,200
2019: $3,360
2020: $3,700
2021: $27,735
2022: $22,665
___________________________________
Considering that the USD has performed better than most fiat over the last 100 years and has still lost apx. 95% of its purchasing power during that time, is it prudent for an investor to use a small portion of his liquid reserves to buy bitcoin as an insurance policy against his USD or whatever fiat he may own?
Obviously none of us know. It will be interesting to look back at this thread in five years.
16 June 2022, 05:32
Frostbitquote:
Originally posted by AilsaWheels:
I'm not trying to start anything. Just posting an observation I saw on the internet a couple days ago.
_______________________________________________
Bitcoin yearly lows:
2012: $4
2013: $65
2014: $200
2015: $185
2016: $365
2017: $780
2018: $3,200
2019: $3,360
2020: $3,700
2021: $27,735
2022: $22,665
___________________________________
Considering that the USD has performed better than most fiat over the last 100 years and has still lost apx. 95% of its purchasing power during that time, is it prudent for an investor to use a small portion of his liquid reserves to buy bitcoin as an insurance policy against his USD or whatever fiat he may own?
Obviously none of us know. It will be interesting to look back at this thread in five years.
2022 (so far) $20,066The next halving is mid 2024. BTC will likely so sideways until then and if previous trends hold you may be looking at 2020 to 2021 parabolic run.
I already have all I need secured on a cold wallet as a hedge........insurance policy as you put it.
Cheers
Jim
16 June 2022, 19:03
Beretta682Equote:
He is spot on.
Every time we hear the current speculative crypto (every coin from Bitcoin to Luna) is he foundation of Web 3.0 and we see zero crypto on the balance sheets of google, Amazon, microsoft, oracle, ibm, intel. Why are the leading tech companies not owning any crypto the foundation of the future of internet.
Only this genius who has previously stated misstated sec financials
https://markets.businessinside...d-bitcoin-bet-2022-6Same way as no major banks - jpm citi bac own crypto as a asset class on its balance sheet.
Till the next bubble forms snd new fads like meme stocks come back nothing in crypto in going hyperbolic as the fed reduces inflation.
The greater fool theory does not look so appealing when the speculative asset bubble music stops.
Mike
17 June 2022, 07:33
Frostbitquote:
LINKSucks to ride the wrong horse.
17 June 2022, 08:10
Beretta682Equote:
Originally posted by Frostbit:
quote:
LINKSucks to ride the wrong horse.
Add Luna to the ever growing list of wrong horses.
Mike
17 June 2022, 10:00
Frostbitquote:
Originally posted by Beretta682E:
quote:
Originally posted by Frostbit:
quote:
LINKSucks to ride the wrong horse.
Add Luna to the ever growing list of wrong horses.
Mike
As well as 99.5% of digital assets. Like choosing the right outfitter do your due diligence.
17 June 2022, 11:50
larryshoresIf 99.5% of hunting trips were bad, I would not go.
quote:
Originally posted by larryshores:
If 99.5% of hunting trips were bad, I would not go.
I don't know how many hunting trips I have been on.
So far, I have had 100% success!
Enough reason to not even DREAM of buying silly stuff like crypto!
17 June 2022, 16:18
Beretta682Equote:
Originally posted by Frostbit:
quote:
Originally posted by Beretta682E:
quote:
Originally posted by Frostbit:
quote:
LINKSucks to ride the wrong horse.
Add Luna to the ever growing list of wrong horses.
Mike
As well as 99.5% of digital assets. Like choosing the right outfitter do your due diligence.
Do we have a list of correct coins to check back in 5 years.
Mike
17 June 2022, 21:03
AilsaWheelsquote:
Originally posted by Beretta682E:
quote:
Originally posted by Frostbit:
quote:
Originally posted by Beretta682E:
quote:
Originally posted by Frostbit:
quote:
LINKSucks to ride the wrong horse.
Add Luna to the ever growing list of wrong horses.
Mike
As well as 99.5% of digital assets. Like choosing the right outfitter do your due diligence.
Do we have a list of correct coins to check back in 5 years.
Mike
The crypto cycle seems to be very similar to the dotcom cycle/bubble. Technology changes tend to be that way. Do you buy Pets.com or Amazon.com?
Even Amazon took a significant fall in the dot com years. If I remember correct it IPOd in the teens, went to over 100 and crashed under 10. Perhaps not much different than good crypto projects now. Do most of us wish we had bought Amazon on the IPO and just held on to it even though it had a drawdown of over 90%?
You ask about coins to hold for five years. I have held Chainlink, Bitcoin and Etherium for awhile now and see no reason why I won't own them in five years.(things could change) I plan to add to the positions if they continue to go lower. I have held other coins. Made money on some, lost money on some. (ie: Luna which failed last month and you have been posting about I bought in the $7's and sold in the $70's and 80's last year. On the other hand, I held some funds in UST, which was Luna's stable coin that completely collapsed last month while I was out of the country and I lost part of my Luna profits in it.) I will continue to test the waters. Cut loosers and try to catch a winner or two. Will I be successful. Time will tell.
Are there other good crypto projects out there. Definitely. I don't necessarily have the time, aptitude, desire or even knowledge to understand what many of them are doing. In the long term, most will fail, just like during the dotcom craze.
There you go. My neck is on the block. In five years feel free to chop it off if I am wrong.
I am not an investment advisor. Just an old peckerwood who has seen technology change, lived through a number of investment cycles, kept his nose above water and am trying to figure out where the next opportunities will arise.
All the best.
17 June 2022, 22:13
Frostbitquote:
Originally posted by AilsaWheels:
quote:
Originally posted by Beretta682E:
quote:
Originally posted by Frostbit:
quote:
Originally posted by Beretta682E:
quote:
Originally posted by Frostbit:
quote:
LINKSucks to ride the wrong horse.
Add Luna to the ever growing list of wrong horses.
Mike
As well as 99.5% of digital assets. Like choosing the right outfitter do your due diligence.
Do we have a list of correct coins to check back in 5 years.
Mike
The crypto cycle seems to be very similar to the dotcom cycle/bubble. Technology changes tend to be that way. Do you buy Pets.com or Amazon.com?
Even Amazon took a significant fall in the dot com years. If I remember correct it IPOd in the teens, went to over 100 and crashed under 10. Perhaps not much different than good crypto projects now. Do most of us wish we had bought Amazon on the IPO and just held on to it even though it had a drawdown of over 90%?
You ask about coins to hold for five years. I have held Chainlink, Bitcoin and Etherium for awhile now and see no reason why I won't own them in five years.(things could change) I plan to add to the positions if they continue to go lower. I have held other coins. Made money on some, lost money on some. (ie: Luna which failed last month and you have been posting about I bought in the $7's and sold in the $70's and 80's last year. On the other hand, I held some funds in UST, which was Luna's stable coin that completely collapsed last month while I was out of the country and I lost part of my Luna profits in it.) I will continue to test the waters. Cut loosers and try to catch a winner or two. Will I be successful. Time will tell.
Are there other good crypto projects out there. Definitely. I don't necessarily have the time, aptitude, desire or even knowledge to understand what many of them are doing. In the long term, most will fail, just like during the dotcom craze.
There you go.
My neck is on the block. In five years feel free to chop it off if I am wrong.
I am not an investment advisor. Just an old peckerwood who has seen technology change, lived through a number of investment cycles, kept his nose above water and am trying to figure out where the next opportunities will arise.
All the best.
Here's my neck on the block.
I hold BTC as a longterm inflation hedge and store of value. It's held in personal custody off all exchanges.
I have speculated and made money on ENJ, LINK, ADA, MATIC, ETH, and SOL.
I have sold all except ETH and SOL. I will also likely add to my SOL bag after BTC runs with the 2024 halving.
OK Mike, I don't want to speak for you but you are one of the most active on this thread.
Do you hold any digital assets directly or just proxies like the generators you are invested in used by Texas BTC miners?
A simple yes or no is sufficient. That way in 2027 when we revisit I can ask you the same question again.
Cheers
Jim
18 June 2022, 00:16
AilsaWheelsJim
ENJ, MATIC and SOL have been good for me in the past. I don't own any now but would have no issue reentering in a bull market. Personally I'm not a big fan of ADA but that's not a big deal. You may be much smarter and know much more about it than me.
As you mention, it is good to keep crypto in cold storage off the exchanges. I try to do that except in my IRA's which won't allow me to hold it in a private wallet.
I like your three bags of Btc, Eth and Sol. Hopefully you are on another lion hunt in Zambia in five years.
All the best.
19 June 2022, 09:16
Beretta682Equote:
Originally posted by Frostbit:
quote:
Originally posted by AilsaWheels:
quote:
Originally posted by Beretta682E:
quote:
Originally posted by Frostbit:
quote:
Originally posted by Beretta682E:
quote:
Originally posted by Frostbit:
quote:
LINKSucks to ride the wrong horse.
Add Luna to the ever growing list of wrong horses.
Mike
As well as 99.5% of digital assets. Like choosing the right outfitter do your due diligence.
Do we have a list of correct coins to check back in 5 years.
Mike
The crypto cycle seems to be very similar to the dotcom cycle/bubble. Technology changes tend to be that way. Do you buy Pets.com or Amazon.com?
Even Amazon took a significant fall in the dot com years. If I remember correct it IPOd in the teens, went to over 100 and crashed under 10. Perhaps not much different than good crypto projects now. Do most of us wish we had bought Amazon on the IPO and just held on to it even though it had a drawdown of over 90%?
You ask about coins to hold for five years. I have held Chainlink, Bitcoin and Etherium for awhile now and see no reason why I won't own them in five years.(things could change) I plan to add to the positions if they continue to go lower. I have held other coins. Made money on some, lost money on some. (ie: Luna which failed last month and you have been posting about I bought in the $7's and sold in the $70's and 80's last year. On the other hand, I held some funds in UST, which was Luna's stable coin that completely collapsed last month while I was out of the country and I lost part of my Luna profits in it.) I will continue to test the waters. Cut loosers and try to catch a winner or two. Will I be successful. Time will tell.
Are there other good crypto projects out there. Definitely. I don't necessarily have the time, aptitude, desire or even knowledge to understand what many of them are doing. In the long term, most will fail, just like during the dotcom craze.
There you go.
My neck is on the block. In five years feel free to chop it off if I am wrong.
I am not an investment advisor. Just an old peckerwood who has seen technology change, lived through a number of investment cycles, kept his nose above water and am trying to figure out where the next opportunities will arise.
All the best.
Here's my neck on the block.
I hold BTC as a longterm inflation hedge and store of value. It's held in personal custody off all exchanges.
I have speculated and made money on ENJ, LINK, ADA, MATIC, ETH, and SOL.
I have sold all except ETH and SOL. I will also likely add to my SOL bag after BTC runs with the 2024 halving.
OK Mike, I don't want to speak for you but you are one of the most active on this thread.
Do you hold any digital assets directly or just proxies like the generators you are invested in used by Texas BTC miners?
A simple yes or no is sufficient. That way in 2027 when we revisit I can ask you the same question again.
Cheers
Jim
Don’t own a single crypto. I consider it a fraud and greatest bubble of the last few centuries. I will join buffet in sitting this one out. No interest in shorting it either as I hated then when they were much lower and behind short cultish names is a death sentence.
I am just glad crypto ownership is spread around the world so when 2 trillion of value goes poof it does not impact my boring domestic us investments.
Bitcoin is no Amazon in 2001 Amazon generates cash flows - crypto is looking to the next buyer in a story.
Mike
19 June 2022, 23:00
Frostbitquote:
Originally posted by Beretta682E:
quote:
Originally posted by Frostbit:
quote:
Originally posted by AilsaWheels:
quote:
Originally posted by Beretta682E:
quote:
Originally posted by Frostbit:
quote:
Originally posted by Beretta682E:
quote:
Originally posted by Frostbit:
quote:
LINKSucks to ride the wrong horse.
Add Luna to the ever growing list of wrong horses.
Mike
As well as 99.5% of digital assets. Like choosing the right outfitter do your due diligence.
Do we have a list of correct coins to check back in 5 years.
Mike
The crypto cycle seems to be very similar to the dotcom cycle/bubble. Technology changes tend to be that way. Do you buy Pets.com or Amazon.com?
Even Amazon took a significant fall in the dot com years. If I remember correct it IPOd in the teens, went to over 100 and crashed under 10. Perhaps not much different than good crypto projects now. Do most of us wish we had bought Amazon on the IPO and just held on to it even though it had a drawdown of over 90%?
You ask about coins to hold for five years. I have held Chainlink, Bitcoin and Etherium for awhile now and see no reason why I won't own them in five years.(things could change) I plan to add to the positions if they continue to go lower. I have held other coins. Made money on some, lost money on some. (ie: Luna which failed last month and you have been posting about I bought in the $7's and sold in the $70's and 80's last year. On the other hand, I held some funds in UST, which was Luna's stable coin that completely collapsed last month while I was out of the country and I lost part of my Luna profits in it.) I will continue to test the waters. Cut loosers and try to catch a winner or two. Will I be successful. Time will tell.
Are there other good crypto projects out there. Definitely. I don't necessarily have the time, aptitude, desire or even knowledge to understand what many of them are doing. In the long term, most will fail, just like during the dotcom craze.
There you go.
My neck is on the block. In five years feel free to chop it off if I am wrong.
I am not an investment advisor. Just an old peckerwood who has seen technology change, lived through a number of investment cycles, kept his nose above water and am trying to figure out where the next opportunities will arise.
All the best.
Here's my neck on the block.
I hold BTC as a longterm inflation hedge and store of value. It's held in personal custody off all exchanges.
I have speculated and made money on ENJ, LINK, ADA, MATIC, ETH, and SOL.
I have sold all except ETH and SOL. I will also likely add to my SOL bag after BTC runs with the 2024 halving.
OK Mike, I don't want to speak for you but you are one of the most active on this thread.
Do you hold any digital assets directly or just proxies like the generators you are invested in used by Texas BTC miners?
A simple yes or no is sufficient. That way in 2027 when we revisit I can ask you the same question again.
Cheers
Jim
Don’t own a single crypto. I consider it a fraud and greatest bubble of the last few centuries. I will join buffet in sitting this one out. No interest in shorting it either as I hated then when they were much lower and behind short cultish names is a death sentence.
I am just glad crypto ownership is spread around the world so when 2 trillion of value goes poof it does not impact my boring domestic us investments.
Bitcoin is no Amazon in 2001 Amazon generates cash flows - crypto is looking to the next buyer in a story.
Mike
Duly noted!! Thanks for the clarification.
20 June 2022, 00:12
accipiter1Nicholas Nassim Taleb, author of
The Black Swan, published an article about Bitcoin in the academic journal
Quantitative Finance. The article is available here:
Bitcoin, Currencies and FragilityHe concludes that the value of Bitcoin is zero. I encourage anyone interested in the topic to read through the article. I agree with him and prefer to stick with:
-equity ownership of profitable companies (i.e., stocks), particularly those with strong balance sheets and cash flow: ExxonMobil, Rio Tinto, Nutrien, etc.
-farmland in row crop production
-real estate
-short duration US Treasuries
The assets listed above pay a dividend, yield or income unlike Bitcoin which relies on the greater fool theory in which new investors need to buy into it and sustain interest.
20 June 2022, 00:23
accipiter1On the topic of paying for African hunts:
Just before I leave for my safari, I will mail a check to my outfitters bank in the USA to pay the balance of my hunting package so I do not need to carry so much cash. A bank wire is an option, but I am too cheap to pay the $25 that my bank charges so I will go with the 58 cents for a first-class stamp. A check in the mail may be outmoded but it is cheap and avoids the volatility associated with Bitcoin.
24 June 2022, 11:41
FrostbitLong but worth the watch if anyone actually cares about the topic other than being right.
https://youtu.be/5Q4-E5K7tW030 June 2022, 23:47
Frostbitquote:
Thanks Mike. Interesting read.
Have you any concern over our debt to GDP ratio being over 130%
01 July 2022, 03:36
Frostbitquote:
https://youtu.be/LFDfSBUNoFo01 July 2022, 07:01
jdollarI think it’s all a conspiracy by the Illuminati for world domination……
Vote Trump- Putin’s best friend…
To quote a former AND CURRENT Trumpiteer - DUMP TRUMP
01 July 2022, 07:55
Frostbitquote:
Originally posted by jdollar:
I think it’s all a conspiracy by the Illuminati for world domination……
No, that's Tik Tok.
01 July 2022, 09:55
Beretta682Equote:
Originally posted by Frostbit:
quote:
Thanks Mike. Interesting read.
Have you any concern over our debt to GDP ratio being over 130%
Not really in a hyper inflationary sense.
I look at net us govt debt. It’d around 100 percent. The 130 number includes intra govt debt ~ held by social security and fed on its balance sheet.
Fed is tackling inflation and it will be ugly for stocks bonds and evEn consumers. But fed Will take it down to 2 percent. The age of QE aND other lose monetary policy is over.
What use is Bitcoin in a World of tight money, higher short and long term rates and no hyper inflation.
Just get used to higher taxes, fewer entitlements and punch bowl of lose monetary and fiscal policy being taken away.
Mike
01 July 2022, 23:12
jdollarAnd the hits just keep on coming.Founder of OneCoin makes the FBI 10 most wanted list. Her Ponzi scheme bilked investors out of over 4 billion dollars over a 4-5 year period. The Bernie Madoff of crypto.
https://www.fbi.gov/wanted/topten/ruja-ignatova
Vote Trump- Putin’s best friend…
To quote a former AND CURRENT Trumpiteer - DUMP TRUMP
01 July 2022, 23:23
Frostbitquote:
Originally posted by jdollar:
And the hits just keep on coming.Founder of OneCoin makes the FBI 10 most wanted list. Her Ponzi scheme bilked investors out of over 4 billion dollars over a 4-5 year period. The Bernie Madoff of crypto.
https://www.fbi.gov/wanted/topten/ruja-ignatova
Yup!! Due diligence! To bring this back to hunting. Is Blair Worldwide still in business?
Is there a booking agent, hunting outfitter, or guide federal regulatory commission?
Crypto in general is the wild west in early adoption. Huge risk no doubt.
It's absolutely unwise to put any money you can't afford to lose or will need in the next five years in there period.
If you choose not to invest that certainly makes perfect sense based on your level of knowledge demonstrated on the topic.
We can all cherry pick whatever internet links we wish supporting our positions. That's the beauty of the internet, which was an extremely risky investment 30+ years ago.
Cheers
Jim
02 July 2022, 11:57
Beretta682Equote:
Originally posted by Frostbit:
quote:
Originally posted by jdollar:
And the hits just keep on coming.Founder of OneCoin makes the FBI 10 most wanted list. Her Ponzi scheme bilked investors out of over 4 billion dollars over a 4-5 year period. The Bernie Madoff of crypto.
https://www.fbi.gov/wanted/topten/ruja-ignatova
Yup!! Due diligence! To bring this back to hunting. Is Blair Worldwide still in business?
Is there a booking agent, hunting outfitter, or guide federal regulatory commission?
Crypto in general is the wild west in early adoption. Huge risk no doubt.
It's absolutely unwise to put any money you can't afford to lose or will need in the next five years in there period.
If you choose not to invest that certainly makes perfect sense based on your level of knowledge demonstrated on the topic.
We can all cherry pick whatever internet links we wish supporting our positions. That's the beauty of the internet, which was an extremely risky investment 30+ years ago.
Cheers
Jim
If bitcoin/crypto is a safe defensive asset that will protect against fiat debasement why shOuld it be limiteD to only money you cant afford to lose.
Mike
02 July 2022, 12:00
Frostbitquote:
Originally posted by Beretta682E:
quote:
Originally posted by Frostbit:
quote:
Originally posted by jdollar:
And the hits just keep on coming.Founder of OneCoin makes the FBI 10 most wanted list. Her Ponzi scheme bilked investors out of over 4 billion dollars over a 4-5 year period. The Bernie Madoff of crypto.
https://www.fbi.gov/wanted/topten/ruja-ignatova
Yup!! Due diligence! To bring this back to hunting. Is Blair Worldwide still in business?
Is there a booking agent, hunting outfitter, or guide federal regulatory commission?
Crypto in general is the wild west in early adoption. Huge risk no doubt.
It's absolutely unwise to put any money you can't afford to lose or will need in the next five years in there period.
If you choose not to invest that certainly makes perfect sense based on your level of knowledge demonstrated on the topic.
We can all cherry pick whatever internet links we wish supporting our positions. That's the beauty of the internet, which was an extremely risky investment 30+ years ago.
Cheers
Jim
If bitcoin/crypto is a safe defensive asset that will protect against fiat debasement why shOuld it be limiteD to only money you cant afford to lose.
Mike
Go ahead Mike. Put all your money wherever you wish.
I'll stick with my plan. See ya in five years and I'll be he first to tell you you were right all along.
As far as QE being a thing of the permanent past you Sir are a fool.
With all due respect of course.
Hi to your Mom.
02 July 2022, 12:26
Beretta682Equote:
Originally posted by Frostbit:
quote:
Originally posted by Beretta682E:
quote:
Originally posted by Frostbit:
quote:
Originally posted by jdollar:
And the hits just keep on coming.Founder of OneCoin makes the FBI 10 most wanted list. Her Ponzi scheme bilked investors out of over 4 billion dollars over a 4-5 year period. The Bernie Madoff of crypto.
https://www.fbi.gov/wanted/topten/ruja-ignatova
Yup!! Due diligence! To bring this back to hunting. Is Blair Worldwide still in business?
Is there a booking agent, hunting outfitter, or guide federal regulatory commission?
Crypto in general is the wild west in early adoption. Huge risk no doubt.
It's absolutely unwise to put any money you can't afford to lose or will need in the next five years in there period.
If you choose not to invest that certainly makes perfect sense based on your level of knowledge demonstrated on the topic.
We can all cherry pick whatever internet links we wish supporting our positions. That's the beauty of the internet, which was an extremely risky investment 30+ years ago.
Cheers
Jim
If bitcoin/crypto is a safe defensive asset that will protect against fiat debasement why shOuld it be limiteD to only money you cant afford to lose.
Mike
Go ahead Mike. Put all your money wherever you wish.
I'll stick with my plan. See ya in five years and I'll be he first to tell you you were right all along.
As far as QE being a thing of the permanent past you Sir are a fool.
With all due respect of course.
Hi to your Mom.
Who is doing qe around the world the developed world other that Japan.
Mike
05 July 2022, 20:56
Beretta682EDollar is crushing all other fiat currencies and gold and crypto. So much for dollar debasement.
At least hunts to European will be cheaper.
Mike
Facebook just stopped accepting BC.
06 July 2022, 06:24
Michael RobinsonWhat part of Ponzi scheme don’t people understand?
The web?
More web-based suckers nowadays?
Still just a matter of time.
Mike
Wilderness is my cathedral, and hunting is my prayer.
06 July 2022, 06:40
jdollarAccording to Dr Google, there are 18,000 cryto currencies in the world- 100 for every country on earth. And 95+% will fail if history is any indicator. No matter what research one does, the available information out there is still a product of bullshit put out by the individual currency backer. Better odds at the roulette wheel. I’m sure all the failures had glowing data that showed their coin was backed by assets and simply couldn’t crash and burn.
Vote Trump- Putin’s best friend…
To quote a former AND CURRENT Trumpiteer - DUMP TRUMP
06 July 2022, 11:38
Beretta682EThe foundation of why every crypto bulls always talks about new entrants in the market - pension funds, institutional, gbtc becoming a etf ect
It’s always about getting a new entrant in and why I think risking any capital in crypto is dangerous
“ The only real dollars in the cryptocurrency industry are those paid by new entrants when they make their first cryptocurrency purchases. The rest of the dollar liquidity on crypto markets is provided by dollar-pegged stablecoins. These fall into two groups: those that have actual dollars and/or dollar-denominated safe liquid assets backing them, and those that don’t. There aren’t enough of the former to enable everyone to cash out into real dollars, and there’s no guarantee that the latter can be cashed out into real dollars at all. So, in effect, the entire crypto industry is fractionally reserved.”
https://www.coindesk.com/layer...-crash-is-different/This space is highly levered with private fractional banking and no govt backstop. Only way holders can sell into real dollars in convincing someone else to bring real dollars into the crypto system.
Mike
15 July 2022, 21:26
Beretta682EThis is too funny - from WSJ
“Bankrupt crypto lender Celsius owes more than $4.7 billion in crypto assets to its customers, and says it plans to make up its deficit partly using newly minted bitcoins from its mining facility.“
Mike
15 July 2022, 21:33
jdollarBacking bullshit with horse shit. What a great idea!
Vote Trump- Putin’s best friend…
To quote a former AND CURRENT Trumpiteer - DUMP TRUMP
quote:
Originally posted by Beretta682E:
This is too funny - from WSJ
“Bankrupt crypto lender Celsius owes more than $4.7 billion in crypto assets to its customers, and says it plans to make up its deficit partly using newly minted bitcoins from its mining facility.“
Mike
“Mining facilities”
Like saying I went to the other side of the last to have dinner!
16 July 2022, 23:05
AnotherAZWriterquote:
Originally posted by Beretta682E:
This is too funny - from WSJ
“Bankrupt crypto lender Celsius owes more than $4.7 billion in crypto assets to its customers, and says it plans to make up its deficit partly using newly minted bitcoins from its mining facility.“
I suspect you are like me and read the WSJ to start your day. That story is just one of many that seem to be in every edition.
Mike
16 July 2022, 23:07
AnotherAZWriterquote:
Originally posted by jdollar:
Backing bullshit with horse shit. What a great idea!
That is a line right out of The Big Short:
"So, mortgage bonds are dog shit, and CDO's are dog shit wrapped in cat shit?"
17 July 2022, 21:29
larryshoresI saw a post about crypto that I thought was hysterical.
“Investing real money to make fake money. What could go wrong ?”