ozimoron
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I just bought $200,000 of Bitcoin
ozimoron replied to Pravda's topic in Jobs, Economy, Banking, Business, Investments
OK, so ancient history ???? Yes, I admit many people made a motza getting in early. Like Tesla shares. -
I just bought $200,000 of Bitcoin
ozimoron replied to Pravda's topic in Jobs, Economy, Banking, Business, Investments
Why would anybody be sorry they sold crypto? None of them have made money out of HODLing in the past year.. -
Not surprisingly, American politics have radicalized. According to one recent poll, 30% of Republicans agree with the statement, “Because things have gotten so far off track, true American patriots may have to resort to violence in order to save our country.” This figure is especially high among those who believe Trump’s false claim that President Biden and the Democrats stole the 2020 election. https://www.brookings.edu/blog/order-from-chaos/2022/01/05/assessing-the-right-wing-terror-threat-in-the-united-states-a-year-after-the-january-6-insurrection/
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Unscrupulous things happen in London as well
ozimoron replied to Mac Mickmanus's topic in UK & Europe Topics and Events
I personally dislike emoticons. -
Unscrupulous things happen in London as well
ozimoron replied to Mac Mickmanus's topic in UK & Europe Topics and Events
It was a joke. -
I just bought $200,000 of Bitcoin
ozimoron replied to Pravda's topic in Jobs, Economy, Banking, Business, Investments
I haven't seen "going to zero". I for one think it's going a LOT lower before eventually slowly rising again. Take a BTC chart and zoom out 5 years. You'll see where it's going back to, same as stocks for that matter. Gold has been a shocking investment for some time now. I believe we are headed into a deep recession if not a full blown depression. I hope I'm wrong but so far it's looking that way. That will severely depress asset prices. -
I just bought $200,000 of Bitcoin
ozimoron replied to Pravda's topic in Jobs, Economy, Banking, Business, Investments
That is a problem. Not so much that you don't believe it but that you don't consider it. Unless you read widely you only get an echo. That's why you are shilling bitcoin which is a spectacularly bad investment right now. There is a huge amount of research out there reported in lefty sites which you disregard which should have given you pause for thought when you went all in for crypto. -
I just bought $200,000 of Bitcoin
ozimoron replied to Pravda's topic in Jobs, Economy, Banking, Business, Investments
El Salvador’s $425 million bitcoin experiment isn’t saving the country’s finances https://www.cnbc.com/2022/06/25/el-salvador-bitcoin-experiment-not-saving-countrys-finances.html -
I just bought $200,000 of Bitcoin
ozimoron replied to Pravda's topic in Jobs, Economy, Banking, Business, Investments
I don't use any social media site except Line because I don't believe social media is a good place for info. -
I just bought $200,000 of Bitcoin
ozimoron replied to Pravda's topic in Jobs, Economy, Banking, Business, Investments
By that definition, my cold wallet is still counted as a user, as I suspected. I did not fully empty it. Also bear in mind that whales own most of the BTC so the measure of users isn't very useful. -
I just bought $200,000 of Bitcoin
ozimoron replied to Pravda's topic in Jobs, Economy, Banking, Business, Investments
He makes his money shilling NFT's, IIRC. -
I just bought $200,000 of Bitcoin
ozimoron replied to Pravda's topic in Jobs, Economy, Banking, Business, Investments
I think that should read "have ever used", not "users". I might have some shillings worth of BTC lying around in my cold wallet, not sure. Doesn't make me a user. -
I just bought $200,000 of Bitcoin
ozimoron replied to Pravda's topic in Jobs, Economy, Banking, Business, Investments
Sure, but $1 is gaining in value compared to every other asset class. I believe it's misleading to consider that the dollar is losing value because prices are rising. Things just cost more. For the dollar to be losing value, at least one other asset class has to beat it. That's not happening. It's not really about the dollar losing value, it's that purchasing power is being lost (and ergo the standard of living) no matter what you use to pay for things. -
I just bought $200,000 of Bitcoin
ozimoron replied to Pravda's topic in Jobs, Economy, Banking, Business, Investments
What I learned , or think I learned, was that crypto rose so much because of low interest rates and lots of stimulus leading to hot money. Much of the covid stimulus went into the hands of the rich who splurged it on anything they could find. Then, when the inevitable happened, together with the unforeseen extra supply crunch of Russia invading Ukraine and inflation rocketed up, I saw the writing on the wall and got out. I believe that assets will be flat (down) for some years to come. BTC can spend long periods in the doldrums. -
Worst Joke Ever 2024
ozimoron replied to warfie's topic in Jokes - Puzzles and Riddles - Make My Day!
My dad used to tell me to leave it alone, it'll fall off when it's ripe... -
I just bought $200,000 of Bitcoin
ozimoron replied to Pravda's topic in Jobs, Economy, Banking, Business, Investments
I probably lost about $5k over a year or so. Mainly just learning the hard way. Cash is not losing value., the USD is rising in value. Every other asset class is falling. -
I just bought $200,000 of Bitcoin
ozimoron replied to Pravda's topic in Jobs, Economy, Banking, Business, Investments
I sold my crypto about 9 months ago, glad I did. I'm all out. Interesting that the hash rate is high though. I don't mean to imply that BTC is dead, just that I think the economic conditions are not favourable for investment right now. Cash is king. The DXY is higher than it's been for 20 years, since the last big recession. -
I just bought $200,000 of Bitcoin
ozimoron replied to Pravda's topic in Jobs, Economy, Banking, Business, Investments
For reasons which are off topic here. The current price of ETH is very close to a 2 year low. -
I just bought $200,000 of Bitcoin
ozimoron replied to Pravda's topic in Jobs, Economy, Banking, Business, Investments
I don't use twitter. Just tell me if the ETH balance on exchanges is rising or falling, thanks. One reason for an increase in exchange inflows is that investors are looking to sell their crypto assets. Exchange inflows due to selling pressure is a bearish signal and indicate that prices could fall. https://www.coindesk.com/learn/why-do-exchange-balances-matter-in-crypto/ -
I just bought $200,000 of Bitcoin
ozimoron replied to Pravda's topic in Jobs, Economy, Banking, Business, Investments
The balance on exchanges rises when people intend to sell and falls when they intend to save them. People don't otherwise leave their crypto on exchanges. also, that's a paywall site, so I can't see the trend there. If the balance on exchanges is falling that would support your assertion. -
I just bought $200,000 of Bitcoin
ozimoron replied to Pravda's topic in Jobs, Economy, Banking, Business, Investments
If that was true, the price would be rising. A quick glance at the chart shows that it isn't. -
No.