OT Crypto Currencies

Discussion in 'Blazers OT Forum' started by kjironman1, Feb 20, 2021.

  1. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    1. Elon dissing bitcoin
    2. Chinese trying to curb crypto and defi
    3. Too many new coins, quick rich pump and dumps
     
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  2. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    Ouch dipping harder again. I was up earlier now down.
     
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  3. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    Fo sho.
     
  4. donkiez

    donkiez Well-Known Member

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    Anyone else think China is just price manipulating so they can buy more?
     
  5. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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  6. kjironman1

    kjironman1 Well-Known Member

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    Time to buy.
     
  7. riverman

    riverman Writing Team

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    In the words of Bill Maher...crypto currency is like Tinkerbell's fairy dust....it's magical but only if you believe in it.
     
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  8. kjironman1

    kjironman1 Well-Known Member

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    You'd better believe in it. It's going to be where we all are within your children's lifetime. Maybe not mine or yours but it's coming.
     
  9. riverman

    riverman Writing Team

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    nah....I've done my financial investments for this life already....I played the money market with quite a bit of success in the 80s.....lost a chunk on the Euro when it first came out....the cyber currency world is not going to have any impact on my world as far as I can see.....I'm in spend it mode now....good luck to all who want to prop it up or invest though....I think it's fairy dust. I'll just make do with property and the dead president trading cards as it is
     
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  10. Hoopguru

    Hoopguru Well-Known Member

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    Cant go wrong with properties. Did that when I was late 20's (a couple rental houses) for growth income. I have a good friend that retired 5 years ago and started flipping houses, did much of the work himself, and did very well. Not much inventory now.
     
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  11. kjironman1

    kjironman1 Well-Known Member

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    You absolutely cannot go wrong on property. Problem right now is there is no inventory to speak of. Every house is a bidding war it seems.
     
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  12. kjironman1

    kjironman1 Well-Known Member

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    Exactly. I'm still holding. I pretty much can't find a good buy on a house to flip.
     
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  13. riverman

    riverman Writing Team

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    right now is a terrible time to buy, great time to sell...I'm telling my son he should consider cashing out on his beautiful home and live out here in our guest house until the market is ready for buying again. I could make a lot of money selling my acres out here but I'm not doing that until I'm ready to relocate.....which may just be never. Considering buying my cousin's bed and breakfast operation in New Zealand and retiring there for half the year but I'm attached to my new grandson now and he's going to be here for a long time. His other grandfather has already set up his college fund at the U of O.
     
    Last edited: May 20, 2021
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  14. riverman

    riverman Writing Team

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    yeah it's all good...glad to hear you were so successful with it.....I didn't coin the fairy dust tag...that was billionaire Bill Maher who owns the New York Mets now.....I heard him talking about it....I made a bundle on Japanese Yen but lost on Euro dollars....my mutual funds and PERS have done the job....everyone who's invested in something should have some faith in it...that's for sure..I'm actually enjoying this time of life more than I ever thought I would
     
    Last edited: May 20, 2021
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  15. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    I think you mean Steve Cohen?
     
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  16. riverman

    riverman Writing Team

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    Maher has a minority stake in it and is rich as fuck.....I stand corrected if he's not...thought he was listed at a billion and a half estate but he is only worth 100million..he talks about how he got that wealthy in interviews...I listened to him on Maron and he was saying he could buy into the Mets because he'd never married, had kids, expensive shopping habits and his only drug was pot which he gets for free....doesn't gamble, collect cars or watches or bling...interesting guy whether you like his politics or not. Definitely a savvy businessman
     
    Last edited: May 20, 2021
  17. riverman

    riverman Writing Team

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    He's worth 100 million and has a minority stake in the Mets.....just looked that shit up....my mistake.
     
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  18. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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  19. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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  20. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    Yeah, I'm not worried. This is all play money and is high risk/reward.
     
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