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Old 10-11-2021, 04:59 PM   #2956
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IMO...the biggest mistake an investor can make is to invest much-needed money in Bitcoin. And the second-biggest mistake an investor can make is to ignore bitcoin totally as an investment. I have 10% of my net worth invested in Bitcoin...and I intend to hold on to it until the Bitcoin price reaches $1,000,000.

The Bitcoin naysayers sound a lot like the internet naysayers of old, as far as I am concerned.
I was shocked today when Jamie Dimon, the CEO of JP Morgan said bitcoin is worthless.

https://twitter.com/technology/statu...7Ctwgr%5Etweet

Big Banks are scared s_ _ _less of Bitcoin.
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Old 10-11-2021, 05:20 PM   #2957
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this publication caters to right-leaning gold bugs (like me)

https://trendsandtrackrecords.com/co...-bitcoins-end/
Good article, but why just single out Bitcoin's lack of value if quantum computing comes to fruition?

Most all of our financial institutions use some form of digital access and transfers, so if cyber cryptographic security becomes obsolete, then the whole current economic system will be destroyed too. To me, that will be a bigger concern.

I guess the point of the article is to promote gold and to bury blockchain currencies. No law that says you can't own both.
I have a small amount of Ethereum which has done well over the last year or so, and will use Thask's hold of Bitcoin strategy as well!
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Old 10-14-2021, 05:48 AM   #2958
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Good article, but why just single out Bitcoin's lack of value if quantum computing comes to fruition?

Most all of our financial institutions use some form of digital access and transfers, so if cyber cryptographic security becomes obsolete, then the whole current economic system will be destroyed too. To me, that will be a bigger concern.

I guess the point of the article is to promote gold and to bury blockchain currencies. No law that says you can't own both.
I have a small amount of Ethereum which has done well over the last year or so, and will use Thask's hold of Bitcoin strategy as well!
in my opinion, blockchain technology is here to stay in some form

this guy came on CNBC and warned about cryptos. to me its just another guy listening to his own words.
https://www.cnbc.com/2021/10/13/cryp...hor-warns.html
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Old 10-14-2021, 11:18 AM   #2959
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Global Atomic Corporation (GLATF)

this company just announced plans to construct a mine to dig out uranium. i always like to buy these things when they announce the construction and sell them when the company goes into production.

the risk in this thing is a political risk, the new mine is located in Dasa, Niger.

this is probably a 3 year hold for a possible 40 bagger, the company is already permitted and there are worse jurisdictions in the world. this place is probably average in the mining industry.
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Old 10-18-2021, 09:28 AM   #2960
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this company just announced plans to construct a mine to dig out uranium. i always like to buy these things when they announce the construction and sell them when the company goes into production.

the risk in this thing is a political risk, the new mine is located in Dasa, Niger.

this is probably a 3 year hold for a possible 40 bagger, the company is already permitted and there are worse jurisdictions in the world. this place is probably average in the mining industry.
I'm bullish on uranium and lithium right now, and would rather take that risk over a small start-up in a dangerous country. But I respect your knowledge on that type of business.

For some reason that I don't understand and has most economists scratching their heads, gold and silver have not reacted inversely to inflation. Looking at the charts I use, it looks to me like GLD is very close to setting a three-year low on their monthly relative strength(RSI), and if that happens along with a low on their MACD, then gold looks very bearish. Of course, if it stays in the same relative strength vs. the overall market, then it continues sideways to slightly down. It's been sideways for over 10 years already.

Silver has been sideways to mostly down over the same ten years. I've said on here before that silver seems to trail gold by a month or two. If gold does go bearish, silver will most likely follow.
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Old 10-18-2021, 03:08 PM   #2961
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I'm bullish on uranium and lithium right now, and would rather take that risk over a small start-up in a dangerous country. But I respect your knowledge on that type of business.

For some reason that I don't understand and has most economists scratching their heads, gold and silver have not reacted inversely to inflation. Looking at the charts I use, it looks to me like GLD is very close to setting a three-year low on their monthly relative strength(RSI), and if that happens along with a low on their MACD, then gold looks very bearish. Of course, if it stays in the same relative strength vs. the overall market, then it continues sideways to slightly down. It's been sideways for over 10 years already.

Silver has been sideways to mostly down over the same ten years. I've said on here before that silver seems to trail gold by a month or two. If gold does go bearish, silver will most likely follow.
my only answer to that is you can measure the potential strength of the upcoming bull market by the length and weakness that preceded it.

that means that when precious metals decide to move north, it will be for a long time and have a more than major move in price.

as far as uranium is concerned, there is plenty of the stuff available right now in mines throughout the world, but once demand picks up there will be shortages and uranium doesn't get recycled yet. the majority of precious metals are only used as a monetary value. when you bet on precious metals, you are betting against governments. when you look at world leaders you might come to the conclusion that someday you are going to need precious metals.
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Old 10-21-2021, 03:34 PM   #2962
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Proshares just started an ETF to trade Bitcoin. it looks to me that Proshares is controlling the whole market in that thing. there are other companies that are trying to get in the deal.

that being said, this ETF trades off of future contracts of the Bitcoin, and my guess is they are basing this on the front month. i wonder what is going to happen when the Bitcoin futures are trading in a contango. contango is when future months are trading higher than the spot price. this happens at different times with all commodities that i have ever seen. to me this is going to spell trouble in paradise for Bitcoin and other cryptocurrencies. i suspect that since the ETF is brand new, that the price is on the move north right now. i wish i knew the number to come in on, but i think this will implode the same way the oil market imploded after they introduced ETF trading on oil. i am going to speculate that they will jam bitcoin up to reach $100,000 at some point and that might be a great spot to step in short the baby.
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Old 10-21-2021, 08:10 PM   #2963
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So yeah...while nobody was looking, the S&P futures set a brand new all-time high today....so all that fretting the last few weeks was literally about nothing...lol

Steadily declining volume over the last 5-6 days
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Old 10-21-2021, 08:19 PM   #2964
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So yeah...while nobody was looking, the S&P futures set a brand new all-time high today....so all that fretting the last few weeks was literally about nothing...lol

Steadily declining volume over the last 5-6 days
there you go again....ruining another post

i was keeping a lid on it till you......

Anyway, yes a new high but lets wait till tomorrow if it pulls back....

I like a FULL GREENIE above the high....not a peek a boo

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Old 10-21-2021, 08:39 PM   #2965
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A new high is a new high...doesn't matter how high...lol

It's significant...especially since a bunch of people thought the world was coming to an end.

We never did get a "couple more solid closes below the 100MA" like I wrote a while back...so...it didn't crash...

Thank me very much.
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