(09-06-2021 08:18 PM)All4One Wrote:  

(09-03-2021 06:11 PM)herdfan129 Wrote:  

(09-03-2021 01:31 PM)All4One Wrote:  Cryptex Finance having a decent day after the big climb and dive from a couple of days ago.

And Solana always doing good.

Good to see REN fully recover from the May crashes.

Solana is on fire...wish I had a bag of that.

I'm currently loading up on ACH for a long term play.

I did get lucky and invest in this brand new start up Cardence. They are a multichain launch pad and IDO platform. They soared like 150% today. Currently around 130% gain.

Man, I wish I was still invested in Solana last night when it was $138 per token, but I was flirting with OMG Network and VeThor only to take a little loss. Now Solana is $170 per token. I think I'm just going to HODL in Solana and simply add extra money into the investment when Solana's price stabilizes at that lower price because typically it jumps in price after those low stabilized periods. This last one fluttered between $136-$143 for the last 24 hours or so before spiking today.

haha...yeah Solana is running WILD right now. Wish I had some.

Putting all my cash in tulip bulbs.

Crypto market really bad today. It's as bad as UConn football. Can't believe SOL lost everything it gained yesterday and then some. Bitcoin lost 5K per token.

Time to buy.

clt logs into merrill account and smiles.

If only Coinbase worked during periods of volatility it would be a great time to buy...

(09-07-2021 11:53 AM)ghostofclt! Wrote:  clt logs into merrill account and smiles.

You must enjoy large fees to do what you can do on your own for free.

(09-07-2021 10:45 AM)bit_9 Wrote:  Time to buy.

I bought the dip before the app went down. All these exchanges need to do a better job of handling the volume.

El Salvador has become the first country to adopt bitcoin as legal tender. President Nayib Bukele is betting on cryptocurrency to boost to the battered Salvadorian economy, but not everybody is convinced.

https://www.cnn.com/videos/business/2021...nk-vpx.cnn

(09-07-2021 01:09 PM)everyone Wrote:  

(09-07-2021 11:53 AM)ghostofclt! Wrote:  clt logs into merrill account and smiles.

You must enjoy large fees to do what you can do on your own for free.

clt doesn't pay fees.

Yeah. My portfolio is down over 20% in 8 hours lol....I'm not worried though. We are sitting on some good support levels right now.

I think a lot of this was manipulated as a way to try and punish El Salvador. You know the world banks are not happy with their decision.

(09-07-2021 04:28 PM)herdfan129 Wrote:  Yeah. My portfolio is down over 20% in 8 hours lol....I'm not worried though. We are sitting on some good support levels right now.

I think a lot of this was manipulated as a way to try and punish El Salvador. You know the world banks are not happy with their decision.

Come on, do you seriously think the “world banks” give a crap what El Salvador does?

(09-07-2021 05:16 PM)Dusky Wrote:  

(09-07-2021 04:28 PM)herdfan129 Wrote:  Yeah. My portfolio is down over 20% in 8 hours lol....I'm not worried though. We are sitting on some good support levels right now.

I think a lot of this was manipulated as a way to try and punish El Salvador. You know the world banks are not happy with their decision.

Come on, do you seriously think the “world banks” give a crap what El Salvador does?

In the sense of elevating crypto as a legal tender....YES.

The world banks will become 100% irrelevant if/when crypto is fully adopted. You better believe they will do all they can to hang on to the power they have.

clt loves marshal fans talking global finance.

(09-07-2021 06:03 PM)ghostofclt! Wrote:  clt loves marshal fans talking global finance.

Never mind. I'm not going to let you derail another thread. This is crypto talk. Go somewhere else with your trolling please.

(09-07-2021 05:52 PM)herdfan129 Wrote:  

(09-07-2021 05:16 PM)Dusky Wrote:  

(09-07-2021 04:28 PM)herdfan129 Wrote:  Yeah. My portfolio is down over 20% in 8 hours lol....I'm not worried though. We are sitting on some good support levels right now.

I think a lot of this was manipulated as a way to try and punish El Salvador. You know the world banks are not happy with their decision.

Come on, do you seriously think the “world banks” give a crap what El Salvador does?

In the sense of elevating crypto as a legal tender....YES.

The world banks will become 100% irrelevant if/when crypto is fully adopted. You better believe they will do all they can to hang on to the power they have.

Now you’re saying these “world banks” will become 100% irrelevant due to crypto? Do you have any idea how ridiculous you sound?

If you want to go down the path of block chain and all the areas that can be applied I’m with you but the actual coins are 100% pure speculation. Could be worth from zero to one quintrillion billion dollars, stupid for investing. That said a very small percentage of your portfolio in pure speculation is a good thing, just be realistic what it is.

(09-07-2021 06:20 PM)Dusky Wrote:  

(09-07-2021 05:52 PM)herdfan129 Wrote:  

(09-07-2021 05:16 PM)Dusky Wrote:  

(09-07-2021 04:28 PM)herdfan129 Wrote:  Yeah. My portfolio is down over 20% in 8 hours lol....I'm not worried though. We are sitting on some good support levels right now.

I think a lot of this was manipulated as a way to try and punish El Salvador. You know the world banks are not happy with their decision.

Come on, do you seriously think the “world banks” give a crap what El Salvador does?

In the sense of elevating crypto as a legal tender....YES.

The world banks will become 100% irrelevant if/when crypto is fully adopted. You better believe they will do all they can to hang on to the power they have.

Now you’re saying these “world banks” will become 100% irrelevant due to crypto? Do you have any idea how ridiculous you sound?

If you want to go down the path of block chain and all the areas that can be applied I’m with you but the actual coins are 100% pure speculation. Could be worth from zero to one quintrillion billion dollars, stupid for investing. That said a very small percentage of your portfolio in pure speculation is a good thing, just be realistic what it is.

clt nods

(09-07-2021 06:20 PM)Dusky Wrote:  

(09-07-2021 05:52 PM)herdfan129 Wrote:  

(09-07-2021 05:16 PM)Dusky Wrote:  

(09-07-2021 04:28 PM)herdfan129 Wrote:  Yeah. My portfolio is down over 20% in 8 hours lol....I'm not worried though. We are sitting on some good support levels right now.

I think a lot of this was manipulated as a way to try and punish El Salvador. You know the world banks are not happy with their decision.

Come on, do you seriously think the “world banks” give a crap what El Salvador does?

In the sense of elevating crypto as a legal tender....YES.

The world banks will become 100% irrelevant if/when crypto is fully adopted. You better believe they will do all they can to hang on to the power they have.

Now you’re saying these “world banks” will become 100% irrelevant due to crypto? Do you have any idea how ridiculous you sound?

If you want to go down the path of block chain and all the areas that can be applied I’m with you but the actual coins are 100% pure speculation. Could be worth from zero to one quintrillion billion dollars, stupid for investing. That said a very small percentage of your portfolio in pure speculation is a good thing, just be realistic what it is.

No. I said banks will become 100% irrelevant IF...and it's a major IF....crypto becomes fully adopted.

China is already positioning themselves to take that over with their own crypto to replace their fiat currency and it's going to be backed by gold.

We all have our opinions about it. I don't think it's going to happen next year, and it might never happen.....but it is definitely possible.

The US is also working on crypto. China won’t really be backed by gold, there’s not enough physical gold to back enough currency for large scale international trade and use.

I do find it funny that people invest in these things and turn around and call government issued currency “fiat”. All currency is fiat, be it the dollar or Bitcoin. It only really has value if everyone believes it not only has value, but the same exact value as everyone else. A piece of greenish paper with a 20 on it will get you 6-7 gallons of gas. The gas has tangible value because it can be used to accomplish tasks. The only true currency is one that also has true tangible value, because trading a tangible good for an intangible good is really not smart.

Would you give someone your house for 4-5 Bitcoin today? If the answer is no (assuming you have an average price home) then you really don’t believe in the value of Bitcoin. In order for that to be a fair deal everyone has to believe in the value of Bitcoin, and I don’t see that happening for a very long time.

At this point cryptos are nothing but pure speculation, calling them investments only serves to mislead yourself. They are tulip bulbs. A lot of people got rich from that, but most were left holding an empty bag.

(09-07-2021 07:47 PM)banker Wrote:  The US is also working on crypto. China won’t really be backed by gold, there’s not enough physical gold to back enough currency for large scale international trade and use.

I do find it funny that people invest in these things and turn around and call government issued currency “fiat”. All currency is fiat, be it the dollar or Bitcoin. It only really has value if everyone believes it not only has value, but the same exact value as everyone else. A piece of greenish paper with a 20 on it will get you 6-7 gallons of gas. The gas has tangible value because it can be used to accomplish tasks. The only true currency is one that also has true tangible value, because trading a tangible good for an intangible good is really not smart.

Would you give someone your house for 4-5 Bitcoin today? If the answer is no (assuming you have an average price home) then you really don’t believe in the value of Bitcoin. In order for that to be a fair deal everyone has to believe in the value of Bitcoin, and I don’t see that happening for a very long time.

At this point cryptos are nothing but pure speculation, calling them investments only serves to mislead yourself. They are tulip bulbs. A lot of people got rich from that, but most were left holding an empty bag.

Or 9 Bitcoin for an average-priced home where I live. I probably wouldn't take the Bitcoin just because the real estate value in my area is increasing at a faster rate than Bitcoin, so it would be more valuable to hold on the real estate.