MonkeyF0cker Posted June 18, 2022 Report Share Posted June 18, 2022 1 hour ago, ERBtheGREAT said: If bitcoin dropped to 10k by Tuesday, would dow open over/under 1000 points down? I'd say almost definitely over if that were to happen. That's even more panic selling which means institutional investors are scrambling. I think the odds that BTC hits 10k by Tuesday are extremely slim though. It's gonna take a bit to get there I think. Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted June 18, 2022 Report Share Posted June 18, 2022 UNDER 18,000 now Quote Link to comment Share on other sites More sharing options...
WeinkeToWarrick Posted June 18, 2022 Report Share Posted June 18, 2022 This fucking blows so hard Quote Link to comment Share on other sites More sharing options...
mikeman Posted June 18, 2022 Report Share Posted June 18, 2022 The only problem with bitcoin is it's worthless, other than that it's great. A fake digital currency created through fake mining, it's perfect for our fake economy. Now i know all of you will chime in and say oh yea, so's the dollar, and you're right, but that doesn't make bitcoin real. Bitcoins were worth $60,000 for the same reason Tulips were valuable 500 years ago. Quote Link to comment Share on other sites More sharing options...
Jimmy Hoffa Posted June 18, 2022 Report Share Posted June 18, 2022 1 minute ago, mikeman said: Bitcoins were worth $60,000 for the same reason Tulips were valuable 500 years ago. 100% accurate assessment. Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted June 18, 2022 Report Share Posted June 18, 2022 4 minutes ago, mikeman said: The only problem with bitcoin is it's worthless, other than that it's great. A fake digital currency created through fake mining, it's perfect for our fake economy. Now i know all of you will chime in and say oh yea, so's the dollar, and you're right, but that doesn't make bitcoin real. Bitcoins were worth $60,000 for the same reason Tulips were valuable 500 years ago. i have always agreed... the only reason ANYTHING has value, from dollars to bitcoin to real estate to stocks... is that the person on the other side of the trade agrees that it has that value the only real wealth and real money is gold/silver/platinum/palladium, everything else is bullshit... that's why i get somewhat irritated by the "dogecoin is a scam" "tether is a scam" stuff... ok so tether is a scam/ponzi but fucking pancake swap isn't? Quote Link to comment Share on other sites More sharing options...
mikeman Posted June 18, 2022 Report Share Posted June 18, 2022 I think we all remember when bitcoin was $1 right? We remember when it was $10 and then $100, then $1000, the thought occurs that $60K or 20 or even $10K is crazy. Quote Link to comment Share on other sites More sharing options...
Jimmy Hoffa Posted June 18, 2022 Report Share Posted June 18, 2022 Quote Link to comment Share on other sites More sharing options...
mikeman Posted June 18, 2022 Report Share Posted June 18, 2022 I wonder how the mayor of NY(adams) feels as he was so proud he was getting paid in bitcoin? I'm not sure but I think it's only half his salary, could be wrong on that. Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted June 18, 2022 Report Share Posted June 18, 2022 Just now, mikeman said: I wonder how the mayor of NY(adams) feels as he was so proud he was getting paid in bitcoin? I'm not sure but I think it's only half his salary, could be wrong on that. if he was a true believer and/or not a coward, he would be happy because he's now getting more bitcoin at a cheaper price same with the stock market... if something you want at macy's is 40% off, you buy it and are happy, so why do people sell stocks instead of being happy and buying when they are 40% off Quote Link to comment Share on other sites More sharing options...
Jimmy Hoffa Posted June 18, 2022 Report Share Posted June 18, 2022 MicroStrategy Inc holding 4 billion in bitcoin purchased at 30k. Now facing a margin call and may dump their holdings to remain solvent... Quote Link to comment Share on other sites More sharing options...
mikeman Posted June 18, 2022 Report Share Posted June 18, 2022 7 minutes ago, milwaukee mike said: if he was a true believer and/or not a coward, he would be happy because he's now getting more bitcoin at a cheaper price same with the stock market... if something you want at macy's is 40% off, you buy it and are happy, so why do people sell stocks instead of being happy and buying when they are 40% off I chickened out and pulled about 15% more of my IRA's into cash the other day - right now I'm about 60% cash, I'm usually wrong when I do it but i dont want to just watch it evaporate like 2008. Quote Link to comment Share on other sites More sharing options...
Jimmy Hoffa Posted June 18, 2022 Report Share Posted June 18, 2022 I'm putting all of my money into Magic Beans. Buy, buy buy!!! Quote Link to comment Share on other sites More sharing options...
Jimmy Hoffa Posted June 18, 2022 Report Share Posted June 18, 2022 All of my future income will be spent buying Beanie Babies, it's the next BIG thing! Quote Link to comment Share on other sites More sharing options...
Jimmy Hoffa Posted June 18, 2022 Report Share Posted June 18, 2022 Baseball Cards are a good investment, right? I'm buying!! Quote Link to comment Share on other sites More sharing options...
August West Posted June 18, 2022 Report Share Posted June 18, 2022 Weinke, how much did you buy and how much do you have left? Quote Link to comment Share on other sites More sharing options...
ERBtheGREAT Posted June 18, 2022 Report Share Posted June 18, 2022 First nice bounce of the weekend, will it hold? Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted June 18, 2022 Report Share Posted June 18, 2022 1 hour ago, Jimmy Hoffa said: MicroStrategy Inc holding 4 billion in bitcoin purchased at 30k. Now facing a margin call and may dump their holdings to remain solvent... 🚑 Quote Link to comment Share on other sites More sharing options...
IAG Posted June 19, 2022 Report Share Posted June 19, 2022 1 hour ago, FISHHEAD said: 🚑 Pretty sure the number at which he would hit margin call is lower than reported..at least that’s what I’ve read Quote Link to comment Share on other sites More sharing options...
Deemer Posted June 19, 2022 Report Share Posted June 19, 2022 Whats Best Buy RIGHT now? Btc or eth? Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted June 19, 2022 Report Share Posted June 19, 2022 Just now, Deemer said: Whats Best Buy RIGHT now? Btc or eth? RIPPLE you dumbass!!! Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted June 19, 2022 Report Share Posted June 19, 2022 21 minutes ago, Deemer said: Whats Best Buy RIGHT now? Btc or eth? Neither are wise right now. The Fed will continue to raise rates for a while and that's gonna cause a ripple in everything. The recession has already begun. Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted June 19, 2022 Report Share Posted June 19, 2022 2 minutes ago, MonkeyF0cker said: Neither are wise right now. The Fed will continue to raise rates for a while and that's gonna cause a ripple in everything. The recession has already begun. YES Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted June 19, 2022 Report Share Posted June 19, 2022 3 hours ago, mikeman said: I chickened out and pulled about 15% more of my IRA's into cash the other day - right now I'm about 60% cash, I'm usually wrong when I do it but i dont want to just watch it evaporate like 2008. at least put it into a 1-yr cd for 3% or something inside of the ira losing 10% to inflation by sitting on cash isn't great but it might be better than a lot of alternatives Quote Link to comment Share on other sites More sharing options...
mikeman Posted June 19, 2022 Report Share Posted June 19, 2022 6 minutes ago, milwaukee mike said: at least put it into a 1-yr cd for 3% or something inside of the ira losing 10% to inflation by sitting on cash isn't great but it might be better than a lot of alternatives i cant do that, it's in a mutual fund, the fund family doesn't sell CD's and I'm not moving it somewhere when at any given time I might want to jump back in. Quote Link to comment Share on other sites More sharing options...
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