Bitcoin going well

[Sparktrader]

Going to the moon!

[scubascuba3]

you sure?

[KannikaP]

Dropped to 830,000 today

[jastheace]

going well? how deep is that well?

[Sparktrader]

20k low?

 

I dont know

Some people got hammered

[Mac Mickmanus]

Bitcoin is indeed "going to the moon"

The only problem is that it started off on Mars

[Sparktrader]

Dow futures off 600

 

People selling to buy lettuce

High inflation

[Gottfrid]

2 minutes ago, Mac Mickmanus said:

Bitcoin is indeed "going to the moon"

The only problem is that it started off on Mars

Yes, and the Greek mythology is going to repeat itself. Icarus, flying the close, burned, untimely death.

[Hummin]

Panic all over the web now

 

The crypto market swoon took an ugly turn early Monday after prominent lending firm Celsius paused withdrawals, aggravating the macro-driven weakness seen since Friday's US CPI release. 

 

 

Bitcoin, the biggest cryptocurrency by market value, fell to $24,700, losing 10% in 24 hours. Prices have dropped 17% since the data released on Friday showed that U.S. inflation, measured by the consumer price index, rose to a 40-year high of 8.6% in May. The data reinforced expectations for aggressive liquidity withdrawal by the Federal Reserve.

 

https://www.forbes.com/sites/omkargodbole/2022/06/13/bitcoin-crashes-ether-slides-as-major-crypto-lender-celsius-suspends-withdrawals-in-unprecedented-move/

 

 

[Sparktrader]

Good, hope shares get belted. 

 

Great opportunity next few months

[bkk6060]

Just shows how bogus this and even gold traditional reasons people buy it.

BC is going way down and gold is down the past 12 months as inflation is at record levels.  Is it possible BC could actually go to zero?

People have purchased gold over the years with most claiming: it is an investment and good hedge against inflation.  Well, what happened?  It should be way up at this point but going no place.

The only investment that has sky rocketed is real estate.

[peter zwart]

Always good those moments. The Sj!tcoins will be wiped out and quality stays.

[Sparktrader]

Just now, bkk6060 said:

Just shows how bogus this and even gold traditional reasons people buy it.

BC is going way down and gold is down the past 12 months as inflation is at record levels.

People have purchased gold over the years with most claiming: it is an investment and good hedge against inflation.  Well, what happened?  It should be way up at this point but going no place.

The only investment that has sky rocketed is real estate.

Houses going down now. People selling bitcoin and gold to pay higher fuel and food.

 

 

 

 

[Hummin]

@bkk6060

The good thing about gold and silver, it will never hit zero!

[Sparktrader]

Just now, Hummin said:

@bkk6060

The good thing about gold and silver, it will never hit zero!

No dividends. Stocks better.

[Hummin]

1 minute ago, Sparktrader said:

No dividends. Stocks better.

I have low risk investment policy, and do not need to jump on any loose trains anymore. Happy to say Im not rich, but Im good. 

[Sparktrader]

Gold is a dog mostly. Cheap in 1990s not now. Silver a toad.

 

Good shares yield 10%. After 10 years free carry.

 

Buffet hates gold too. 

 

 

[OneMoreFarang]

Those crypto guys must be really desperate to try to find new buyers in forums like this.

Your Ponzi scheme is going down. Accept it.

[Hummin]

1 minute ago, Sparktrader said:

Gold is a dog mostly. Cheap in 1990s not now. Silver a toad.

 

Good shares yield 10%. After 10 years free carry.

 

Buffet hates gold too. 

 

 

Dependes what your goal is? Preserve at low risk, or get rich? Your choice

[Sparktrader]

Just now, OneMoreFarang said:

Those crypto guys must be really desperate to try to find new buyers in forums like this.

Your Ponzi scheme is going down. Accept it.

Bitcoin has crashed 5 times before. I reckon in 12 months time be 50,000.

 

 

[peter zwart]

25 minutes ago, Sparktrader said:

Good, hope shares get belted. 

 

Great opportunity next few months

Gonna be BNB and Audt for me

[Sparktrader]

1 minute ago, Hummin said:

Dependes what your goal is? Preserve at low risk, or get rich? Your choice

More about income not get rich. Gold zero income.

 

Example buy bhp 2016 at $14. Put 250k in. Now worth $800k. Dividends $86k pa. Even if the shares go down you got income. 10x $86k is $860k on dividends.

 

Gold zero income and it costs to store it. Makes no sense unless goes up a lot.

 

If you hold a share for 10 years and it pays 5 to 10% dividend it covers inflation.

 

Buying gold in 1980 it hasnt made anything. Barely covered inflation gross less storage fees you have lost.

 

 

[Sparktrader]

1 minute ago, dinga said:

Tiresome correcting the ignorant.  Holding Precious Metals (especially Gold) is all about preserving purchasing power.  Gold's purchasing power today is about what it was 100 years ago - in contrast, the USD has lost something like +90% of its purchasing power over the same period.

 

Can't be bothered trying to find the Chart  -  use Prof Google to educate yourself 

Sorry but thats very ignorant. Gold has storage costs. So a net loss.

 

Hold shares yielding 10% for 10 years. Free carry after 10 years.

 

Cba shares $5 in about 1996 now $90 plus dividends.

 

Rio

Bhp

Cba

Anz

Wbc

Nab

 

All killed gold when you include dividends over 5,10, 20 years.

 

[Hummin]

1 minute ago, Sparktrader said:

More about income not get rich. Gold zero income.

 

Example buy bhp 2016 at $14. Put 250k in. Now worth $800k. Dividends $86k pa. Even if the shares go down you got income. 10x $86k is $860k on dividends.

 

Gold zero income and it costs to store it. Makes no sense unless goes up a lot.

 

If you hold a share for 10 years and it pays 5 to 10% dividend it covers inflation.

 

Buying gold in 1980 it hasnt made anything. Barely covered inflation gross less storage fees you have lost.

 

 

I guess my pension low risk found did 23% last year post COVID of course, but I managed to put some more in to it before it regained it's value. 

 

That's how I like to play. I'm to old (53) to gamble my future now. I'm semi retired and retarded, so no worries.

[Mac Mickmanus]

1 minute ago, Sparktrader said:

More about income not get rich. Gold zero income.

 

Example buy bhp 2016 at $14. Put 250k in. Now worth $800k. Dividends $86k pa. Even if the shares go down you got income. 10x $86k is $860k on dividends.

 

 

 

 

Then again, if you had bought $250 K worth of shares in June 2021, they would be worth the same today , $250 K .

[Sparktrader]

From 1990 to 2020, the price of gold increased by around 360%. 2 Over the same period, the Dow Jones Industrial Average (DJIA) gained 991%

[Sparktrader]

Just now, Mac Mickmanus said:

Then again, if you had bought $250 K worth of shares in June 2021, they would be worth the same today , $250 K .

Which is still fine as the yield is high. Current yield 10.5%.

 

So you are in front.

Cash yield 1%

Gold yield zero

 

 

[Mac Mickmanus]

3 minutes ago, Sparktrader said:

 

 

Cba shares $5 in about 1996 now $90 plus dividends.

 

 

 

Although CBA shares were $106 a week ago

[Sparktrader]

1 minute ago, Mac Mickmanus said:

Although CBA shares were $106 a week ago

So what? Buy the dips. Hold for 10,20 years.

 

 

[dinga]

3 minutes ago, Sparktrader said:

Sorry but thats very ignorant. Gold has storage costs. So a net loss.

 

Hold shares yielding 10% for 10 years. Free carry after 10 years.

 

Cba shares $5 in about 1996 now $90 plus dividends.

 

Rio

Bhp

Cba

Anz

Wbc

Nab

 

All killed gold when you include dividends over 5,10, 20 years.

 

For goodness sake - PURCHASING POWER is the aim - NOT fiat value (take at burton at the extremes of Weimar Germany, Turkey or Zimbabwe if you remain fixated on Capital "Value" and Dividends.   Look at the AUD purchasing power over that period VS Gold (in AUD - FX movements also important as the USD has very likely greatly strengthened since 1996).  Purchasing Power is the real thing that matters - not the smoke & mirrors of Fiat measures...

.