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05-21-2017, 08:12 PM
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#2
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Registered User
Join Date: Apr 2017
Posts: 214
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just went over
2000
sec rejected Winklevoss brothers(original facebook guys) bitcoin etf
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05-22-2017, 02:26 AM
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#3
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Veteran
Join Date: May 2016
Posts: 1,831
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If people want to pay $500 for a beanie baby or 5 million for a stamp, or 100 million for a painting, you can't stop them.
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05-24-2017, 10:30 PM
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#4
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Veteran
Join Date: May 2016
Posts: 1,831
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I'm waiting till it hits 3000 before I buy my first 100 lot. Want to make sure its not just a manipulation.
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05-25-2017, 06:58 AM
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#5
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Mike Schultz
Join Date: Oct 2010
Location: North Carolina
Posts: 2,234
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Quote:
Originally Posted by AltonKelsey
I'm waiting till it hits 3000 before I buy my first 100 lot. Want to make sure its not just a manipulation.
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Buy high, sell higher
__________________
I attract money, I attract money...
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06-05-2017, 10:59 PM
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#6
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Veteran
Join Date: May 2016
Posts: 1,831
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Quote:
Originally Posted by AltonKelsey
I'm waiting till it hits 3000 before I buy my first 100 lot. Want to make sure its not just a manipulation.
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soon
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06-05-2017, 11:15 PM
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#7
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Buckle Up
Join Date: Apr 2014
Posts: 10,614
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Quote:
Originally Posted by AltonKelsey
soon
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Soon.....the fraud that Bitcoin IS, with no transparency whatsoever, will finally be exposed for the world to see, and a major GOVERNMENT operated cyber-currency will take it's place. It's not a matter of "if" this happens, it's a matter of "when".....Everybody's got to be shilling something to make a buck, a certain new stock or option to play, flipping real estate or cyber-scams like these....It just never stops.
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06-06-2017, 06:06 PM
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#8
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Veteran
Join Date: May 2016
Posts: 1,831
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You're preaching to the choir.
I thought it was a scam at $100.
But at some point , you have to respect that the market doesn't care what you think .
That's how you stay solvent.
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06-06-2017, 11:08 PM
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#9
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,761
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Quote:
Originally Posted by ReplayRandall
Soon.....the fraud that Bitcoin IS, with no transparency whatsoever, will finally be exposed for the world to see, and a major GOVERNMENT operated cyber-currency will take it's place. It's not a matter of "if" this happens, it's a matter of "when".....Everybody's got to be shilling something to make a buck, a certain new stock or option to play, flipping real estate or cyber-scams like these....It just never stops.
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it is taking me a long time to comprehend bitcoin. but the basis of what it is all about is to protect the holders of it from governments all over. governments throughout the world confiscate their citizens money, either by inflation or taxes. for example in our country we now have a 2% inflation rate which excludes food and energy. i can tell you that both food and energy have gone up over 20% year to year. when you add up all the taxes we pay its way over 50% of what we earn. they take our tax money and redistribute it to others that the government favors.
strange as it seems, money has chased bitcoin and not precious metals. in the past 2 years gold has only gone from $1050 per ounce to $1250 the ounce. i suspect that will eventually change though because precious metals have a 5000 year history of protecting the holders against governments and outside forces.
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06-07-2017, 09:08 AM
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#10
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Registered User
Join Date: May 2014
Posts: 1
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06-07-2017, 05:41 PM
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#12
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Veteran
Join Date: Jun 2002
Location: near Philadelphia
Posts: 4,560
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Quote:
Originally Posted by AltonKelsey
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There's a convenience store in my neck of the woods, Alton, called WAWA.
I would often buy a hot dog there for 99 cents.... until last Saturday when they 'jacked' the price up to $1.19. True.
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06-07-2017, 07:15 PM
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#13
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Veteran
Join Date: Feb 2013
Location: Washoe County, Nevada
Posts: 2,253
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Quote:
Originally Posted by lamboguy
it is taking me a long time to comprehend bitcoin. but the basis of what it is all about is to protect the holders of it from governments all over. governments throughout the world confiscate their citizens money, either by inflation or taxes. for example in our country we now have a 2% inflation rate which excludes food and energy. i can tell you that both food and energy have gone up over 20% year to year. when you add up all the taxes we pay its way over 50% of what we earn. they take our tax money and redistribute it to others that the government favors.
strange as it seems, money has chased bitcoin and not precious metals. in the past 2 years gold has only gone from $1050 per ounce to $1250 the ounce. i suspect that will eventually change though because precious metals have a 5000 year history of protecting the holders against governments and outside forces.
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WTI closed at 50.36 on 7/7/2016. Here's a price history for reference:
https://www.eia.gov/dnav/pet/hist/Le...PET&s=RWTC&f=D
I'll give you the benefit of not forseeing today's 5% drop but if energy prices were up 20% that would put WTI north of $60 instead of south of $46.
And I know I'll never shake anyone off their love of gold which is something deep and emotional and, like any other love affair, immune to rational analysis.
But since 1900, gold has deeply underperformed the total return of both stocks and bonds. It's held it's own against cash. Gold has returned an annualized 1% vs. 0.9% for just sticking your savings in a money market account.
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06-07-2017, 07:43 PM
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#14
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,761
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Quote:
Originally Posted by _______
WTI closed at 50.36 on 7/7/2016. Here's a price history for reference:
https://www.eia.gov/dnav/pet/hist/Le...PET&s=RWTC&f=D
I'll give you the benefit of not forseeing today's 5% drop but if energy prices were up 20% that would put WTI north of $60 instead of south of $46.
And I know I'll never shake anyone off their love of gold which is something deep and emotional and, like any other love affair, immune to rational analysis.
But since 1900, gold has deeply underperformed the total return of both stocks and bonds. It's held it's own against cash. Gold has returned an annualized 1% vs. 0.9% for just sticking your savings in a money market account.
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unfortunately you just made the case for gold now. everything reverts back to the means.
you understand living locks, gold is a living lock to be $2000 per ounce by this time next year and my guess is it will be a lot higher. again, that is a living lock.
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06-07-2017, 08:53 PM
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#15
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Veteran
Join Date: Feb 2013
Location: Washoe County, Nevada
Posts: 2,253
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Quote:
Originally Posted by lamboguy
unfortunately you just made the case for gold now. everything reverts back to the means.
you understand living locks, gold is a living lock to be $2000 per ounce by this time next year and my guess is it will be a lot higher. again, that is a living lock.
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Reverting to what mean? I just quoted gold's performance over the last 117 years.
You're looking for a pivot from that?
And a living lock from a guy who thinks energy prices are up more than 20% in the last year. You understand my skepticism, right?
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