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Anybody invest??
- Thread starter Hubbleman
- Start date
If you're playing the virtual chicken games, I'd look at lite coin and quantum rather than bit coin. Much more sensible options right now. But if you are investing, UK govt backed energy bonds give 10% and no risk each year, or for the gamblers shell oil due to a return to cash dividends.
Green Squall
Well-known member
There's still a chance to make money, but with my financial situation, I'm not taking the risk.
I've been focusing on silver lately. I was getting a new watch battery at the pawn shop, casually asked about gold and he was nice enough to talk to me for like 15 minutes.
Basically I'm making one purchase a month. After all living expenses, I take whats left and buy coins. He said to have a plan and be consistent with it. I certainly don't expect to become rich, but at 31 if I keep it up, maybe I will have a little nest egg a few decades from now.
I've been focusing on silver lately. I was getting a new watch battery at the pawn shop, casually asked about gold and he was nice enough to talk to me for like 15 minutes.
Basically I'm making one purchase a month. After all living expenses, I take whats left and buy coins. He said to have a plan and be consistent with it. I certainly don't expect to become rich, but at 31 if I keep it up, maybe I will have a little nest egg a few decades from now.
Green Squall
Well-known member
I plan on having a little of everything. I've been buying and researching PM's for a few years now and still can't find a definitive answer which is better. Many pros and con's for both.
I admit that right now I'm partial to Government Minted Coins because they are so liquid and recognizable, but theres not doubt rounds and bars are more affordable.
you and me both, another train that left the station without us. what's it up this year , like 1600%.
but i did buy some AKAM this week.
PDX Dopesmoker
Active member
Yes collecting extremely exclusive numbers is starting to drive up the price of electricity in some markets. Inconvenient that this is at the same time the price of dank indoor weed is at an all time low. It will be funny when people start getting their electricity shut off and going broke because of consumer's insatiable craving for electronic cabbage patch dolls. The current electricity cost of making a bitcoin is about $1600 so the cost of electricity needs to go up more than 10x before the price of making a coin and the price of buying one even out.
My fiance and I are about to start investing- shes graduating school into a high paying job. Everything I've read about it seems like drones, virtual reality, AI, real estate, legal marijuana, quantum/ nano tech are all big growth industries for decades to come. I like the idea of bitcoin but its pretty fringe- like good idea to put 5-10% of your portfolio in it but make sure your diversified in case it comes crashing down. I have a strong feeling if it gets more mainstream the big banks and Uncle Sam will shut it down or make their own that we are forced to use instead. No way that much money can be flying around and Big Brother not having his nappy fingers in it
Douglas.Curtis
Autistic Diplomat in Training
Not when you add in the cost of equipment, depreciation and man hours involved.... It costs a lot more than $1600 to 'make a bitcoin' today. In other words, I would not bet on BTC hitting $1600 again without it being on the decline to nothing.
Bank of America landed a patent on cryptocurrency transactions.
https://www.coindesk.com/bank-of-america-outlines-cryptocurrency-exchange-system-in-patent-award/
Bank of America may be looking into cryptocurrency exchange services for its corporate clients – or at least keeping its options open should they become interested.
In a patent awarded by the U.S. Patent and Trademark Office on Tuesday, the second-largest bank in the U.S. outlined a potential cryptocurrency exchange system that would convert one digital currency into another. Further, this system would be automated, establishing the exchange rate between the two currencies based on external data feeds.
The patent describes a potential three-part system, where the first part would be a customer’s account and the other two would be accounts owned by the business running the system. The user would store their chosen cryptocurrency through the customer account.
The second account, referred to as a "float account," would act as a holding area for the cryptocurrency the customer is selling, while the third account, also a float account, would contain the equivalent amount of the cryptocurrency the customer is converting their funds to.
That third account would then deposit the converted funds back into the original customer account for withdrawal.
The proposed system would collect data from external information sources on cryptocurrency exchange rates, and use this data to establish its own optimal rate.
The patent notes this service would be for enterprise-level customers, meaning that if the bank pursues this project, it would be offered to businesses.
According to the patent:
Transactions which look illegal would not be allowed to process, the patent says.
Bank of America has been looking into cryptocurrencies for years, filing another patent in 2014 to create a cryptocurrency-powered wire transfer system.
That system would allow users to transfer funds by converting the sender's local currency into a cryptocurrency, sending it to a foreign exchange, and then converting it to the destination country's currency.
that should start people that are wary becoming more comfortable.
https://www.coindesk.com/bank-of-america-outlines-cryptocurrency-exchange-system-in-patent-award/
Bank of America may be looking into cryptocurrency exchange services for its corporate clients – or at least keeping its options open should they become interested.
In a patent awarded by the U.S. Patent and Trademark Office on Tuesday, the second-largest bank in the U.S. outlined a potential cryptocurrency exchange system that would convert one digital currency into another. Further, this system would be automated, establishing the exchange rate between the two currencies based on external data feeds.
The patent describes a potential three-part system, where the first part would be a customer’s account and the other two would be accounts owned by the business running the system. The user would store their chosen cryptocurrency through the customer account.
The second account, referred to as a "float account," would act as a holding area for the cryptocurrency the customer is selling, while the third account, also a float account, would contain the equivalent amount of the cryptocurrency the customer is converting their funds to.
That third account would then deposit the converted funds back into the original customer account for withdrawal.
The proposed system would collect data from external information sources on cryptocurrency exchange rates, and use this data to establish its own optimal rate.
The patent notes this service would be for enterprise-level customers, meaning that if the bank pursues this project, it would be offered to businesses.
According to the patent:
"Enterprises may handle a large number of financial transactions on a daily basis. As technology advances, financial transactions involving cryptocurrency have become more common. For some enterprises, it may be desirable to exchange currencies and cryptocurrencies."
The proposed system could also evaluate transactions for potential illicit trades, calculating a risk score based on the amount of cryptocurrency being transferred and any other information available, according to the patent.
Transactions which look illegal would not be allowed to process, the patent says.
Bank of America has been looking into cryptocurrencies for years, filing another patent in 2014 to create a cryptocurrency-powered wire transfer system.
That system would allow users to transfer funds by converting the sender's local currency into a cryptocurrency, sending it to a foreign exchange, and then converting it to the destination country's currency.
that should start people that are wary becoming more comfortable.
Douglas.Curtis
Autistic Diplomat in Training
Blockchain technology has a lot of applications, one reason I'm investing in coins which represent blockchain services.
Bitcoin is a Proof of Work coin, meaning people are actively competing against each other to complete and submit their work first. Grossly wasteful... UNTIL all the coins have been created, then processing drops to maintaining the network and moving transactions.
Bank of America is most likely looking in to witness type blockchains, where there are no transaction fees. These networks have servers processing the transactions, keeping the whole network running. Blockchains are basically decentralized data verification and storage machines.
So, whether bitcoin lasts for centuries, or only the next few years, you can count on blockchain technology to creep in to most of the existing data storage/verification fields. Pretty cool stuff overall.
Bitcoin is a Proof of Work coin, meaning people are actively competing against each other to complete and submit their work first. Grossly wasteful... UNTIL all the coins have been created, then processing drops to maintaining the network and moving transactions.
Bank of America is most likely looking in to witness type blockchains, where there are no transaction fees. These networks have servers processing the transactions, keeping the whole network running. Blockchains are basically decentralized data verification and storage machines.
So, whether bitcoin lasts for centuries, or only the next few years, you can count on blockchain technology to creep in to most of the existing data storage/verification fields. Pretty cool stuff overall.
To me the only thing I really wonder is how everything does under stress. It's all unicorn skittle shit when things are doing well, as they appear right now. But what happens when things go awry, like they did in 2008 when the entire market froze solid and Hank Paulsen told Prez Bush there would be tanks in the streets, or like 2000 when the dotcom bubble popped, or 1987 when the market lost 25% in one afternoon.
My father in law had been in the markets all his life. He would show me his portfolio back in the 90's when we visited. I was interested. He owned all sensible stuff heavily weighted to tech. It all blew up. He went from being very comfortably retired to much less so and died shortly thereafter, unable to make it up. That happened to me in 2008. My wife's 401K went from a good pile to a much smaller pile. Now everything is back up to where it was and a little past. The Nasdaq just went past its all time high last year passing the all time high of the year 2000. That's 15 years of going nowhere.
We are at the end of a cycle. This is the longest period of post recession in history (I think). We are due for a cleansing. It always happens. It is not different this time. I know one thing: There has never been a currency printing episode like what is going on now. I believe that is why many assets are at all time highs. Not because they are worth more, but because the currency has become so debased.
How will these products do under stress? Crypto? Store of wealth? Flight to safety? Lots of good reasons it should do well, we are currently mining ether and vert, but....its never been tested
Precious metals? I own a large pile of silver. Over 5000 ounces. It is the worst performing asset ever. But.....has a many thousand year history and when it was tested in 2010 it went from 3 to 48 dollars before it declined.
Real estate? Almost always overvalued. Pay your taxes. If you can live on your land as an independent person that is a good thing.
All paper products? Good luck with that. If we blast off into an inflationary supernova the stock market will follow the rise to infinity. But....debt is deflationary and defaults destroy money and as soon as the next test occurs there will be defaults on a scale unimaginable. It would have occurred last time but the Federal Reserve threw 20 trillion dollars into the pot and somehow kept the plates spinning. Do you know that quite a pile of that money found its way into the corporate debt market where corporations were given near zero percent interest credit and then bought their stock back.This created demand and drove the price higher, while additionally removing shares from the market further driving the price upward. No customers, profits or retail investors needed. But boy, the fuckers at the top with millions of shares have done really well.
If you want to invest in the market go 25% FANG (Facebook, Amazon, Netflix, Google) 25% FIRE ( Finance, Insurance, Real Estate) 25% crypto, 25% metals. Dollar cost average your way in and just put in the same amounts every month.
My father in law had been in the markets all his life. He would show me his portfolio back in the 90's when we visited. I was interested. He owned all sensible stuff heavily weighted to tech. It all blew up. He went from being very comfortably retired to much less so and died shortly thereafter, unable to make it up. That happened to me in 2008. My wife's 401K went from a good pile to a much smaller pile. Now everything is back up to where it was and a little past. The Nasdaq just went past its all time high last year passing the all time high of the year 2000. That's 15 years of going nowhere.
We are at the end of a cycle. This is the longest period of post recession in history (I think). We are due for a cleansing. It always happens. It is not different this time. I know one thing: There has never been a currency printing episode like what is going on now. I believe that is why many assets are at all time highs. Not because they are worth more, but because the currency has become so debased.
How will these products do under stress? Crypto? Store of wealth? Flight to safety? Lots of good reasons it should do well, we are currently mining ether and vert, but....its never been tested
Precious metals? I own a large pile of silver. Over 5000 ounces. It is the worst performing asset ever. But.....has a many thousand year history and when it was tested in 2010 it went from 3 to 48 dollars before it declined.
Real estate? Almost always overvalued. Pay your taxes. If you can live on your land as an independent person that is a good thing.
All paper products? Good luck with that. If we blast off into an inflationary supernova the stock market will follow the rise to infinity. But....debt is deflationary and defaults destroy money and as soon as the next test occurs there will be defaults on a scale unimaginable. It would have occurred last time but the Federal Reserve threw 20 trillion dollars into the pot and somehow kept the plates spinning. Do you know that quite a pile of that money found its way into the corporate debt market where corporations were given near zero percent interest credit and then bought their stock back.This created demand and drove the price higher, while additionally removing shares from the market further driving the price upward. No customers, profits or retail investors needed. But boy, the fuckers at the top with millions of shares have done really well.
If you want to invest in the market go 25% FANG (Facebook, Amazon, Netflix, Google) 25% FIRE ( Finance, Insurance, Real Estate) 25% crypto, 25% metals. Dollar cost average your way in and just put in the same amounts every month.
So many have their ear to the air, finger at the ready, listening for that sharp crack that occurs just as the final snowflake hits the ground, and causes the snap that sends the mass in movement. Most people don't know that Money Market Funds have been Gated, and that as one of the major parts of the Dodd-Frank financial bill that was passed way back in 2010 was that there would never again be a "bail out". From that point forward it would be "bail ins", meaning instead of taxpayers paying to make banks whole it would be "investors" that would take the hit. Sounds good right? Well "investors" is a funny word when it comes to financial institutions. When you deposit money into an account, especially a bank account, you are considered an "investor" who has made an UNSECURED loan to the bank. Further, in the world of "investors" there is a hierarchy. Some investors are more special than other and none is lower than a bank depositor, meaning when shit gets jiggy, you aint getting shit.
And get this. This is amazing. The Dodd Frank bill also moved a certain class of investor to the absolutely front of the line, no questions asked, no debate, here it is, fucking deal with it:
Derivatives get first shot at all the money. So twenty trillion or so in depositor accounts will be instantaneously drained from the system if there are defaults enough to trigger a derivative "event", since there hundreds of trillions in derivatives that have been written and are used as collateral to prop up other multi trillion dollar scams all through out the entire financial matrix.
Ponder also that those 20 trillion in deposits are backstopped by the FDIC which has 40 billion in its account, so good luck with that.
It's no wonder you want to short the market. I want to know how to short civilization
Sorry if you already know all that shit. I just thought it was relevant for some reason
There is a feeding frenzy going on with e-currency and to an extent also stocks. These orgies end with sudden stop and a sickening jolt.
The e-coins will drop the most but stocks are overpriced and overbought by some measure. I tended to get in too early when I shorted. A common mistake.
The e-coins will drop the most but stocks are overpriced and overbought by some measure. I tended to get in too early when I shorted. A common mistake.
There's a big difference between investing and speculating. In my opinion a bitcoin is more of a higher risk item therefore placing it squarely in the speculation column. In other words have fun but if your money gets wiped out it's no big deal, just like having a losing night at a casino.
HuffnPufferfish
Member
by the time you can google how tc work, its too late to make serious money
just like all the poeople trying to get a coin out of cannabis, but 10 years too late
just like all the poeople trying to get a coin out of cannabis, but 10 years too late
I've got like 8 shares of Fannie Mae FNMA. I would love to have the money to buy some stocks.
