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Talk of The Villages Florida (https://www.talkofthevillages.com/forums/)
-   Investment Talk (https://www.talkofthevillages.com/forums/investment-talk-158/)
-   -   Cryptocurrency (https://www.talkofthevillages.com/forums/investment-talk-158/cryptocurrency-337099/)

Captainpd 12-02-2022 07:32 AM
Hmmm
 
Quote:
Originally Posted by jljl62040 (Post 2162523)
FTXs demise had no affect on the price of Bitcoin or other crypto currencies. Those who held crypto in their "wallets" did not lose money because of the FTX scandal. Those who invested currency or crypto with FTX lost money.
Holding something in your "wallet" that is backed by nothing, is still worth nothing. If bitcoin failed today and went bankrupt, there aren't any assets to siez

Larchap49 12-02-2022 07:37 AM
Crypto
 
Quote:
Originally Posted by tophcfa (Post 2162482)
Ever since crypto crashed there has coincidentally been a large increase in the amount of lightly used Teslas available on the market. Read between the lines on that!
Crypto did not crash. One exchange crashed. Similar to one crooked stock brokerage stealing investors money and crashing.

mydavid 12-02-2022 08:02 AM
Quote:
Originally Posted by retiredguy123 (Post 2162464)
The first time I heard about cryptocurrency, I decided that I would never invest any money in it. It had "SCAM" written all over it. I have no sympathy for those who recently lost their money investing in it and being scammed. And, I don't care whether or not Sam Bankman-Fried is ever arrested and prosecuted. I only invest in things that I fully understand and that clearly have the potential to add value to the overall economy.
US currency is best bet
ar

retiredguy123 12-02-2022 08:03 AM
Quote:
Originally Posted by mkjelenbaas (Post 2162522)
I am wondering what you point is?
I'm also wondering what your point is. It's an open forum called "investment talk" where people share opinions.

midiwiz 12-02-2022 08:06 AM
Quote:
Originally Posted by retiredguy123 (Post 2162464)
The first time I heard about cryptocurrency, I decided that I would never invest any money in it. It had "SCAM" written all over it. I have no sympathy for those who recently lost their money investing in it and being scammed. And, I don't care whether or not Sam Bankman-Fried is ever arrested and prosecuted. I only invest in things that I fully understand and that clearly have the potential to add value to the overall economy.
Thanks for the rant, by the way, that so called scam happens to not be and as well make me quite a nice tidy sum of profit. But for those that think everything is a scam or conspiracy.... have a nice one.... oops sorry I forgot

Good Afternoon!

Caymus 12-02-2022 08:15 AM
Quote:
Originally Posted by mydavid (Post 2162545)
US currency is best betn
ar
For what? For a guaranteed loss due to inflation? Over the long term nothing is better than diversified equities and/or real estate.

Mrfriendly 12-02-2022 08:29 AM
Quote:
Originally Posted by retiredguy123 (Post 2162524)
I have no sympathy because I think the people who lost money were a victim of their own greed.
Take a $100 bill out of your wallet, look at it and say, “wow I just lost 8% of my money to inflation in only one year.”
If you don’t invest then you just lost money

retiredguy123 12-02-2022 08:38 AM
Quote:
Originally Posted by Mrfriendly (Post 2162563)
Take a $100 bill out of your wallet, look at it and say, “wow I just lost 8% of my money to inflation in only one year.”
If you don’t invest then you just lost money
I invest. But, when you buy stock in a company and make a profit, the company gets your invested money to grow the company and to sell more products. So, everyone benefits. I don't see the same comparison with money "invested" in cryptocurrency.

MidWestIA 12-02-2022 08:38 AM
Bigger fool
 
When you buy crypto you buy a piece of paper hoping that a bigger fool comes along and pays you more for just a piece of paper. With stock you own a fractional piece of something.

Dotneko 12-02-2022 08:39 AM
Quote:
Originally Posted by mkjelenbaas (Post 2162522)
I am wondering what you point is?
Proving superiority

nn0wheremann 12-02-2022 09:01 AM
Quote:
Originally Posted by JP (Post 2162476)
I agree with you except this Bankman guy and his "girlfriend" need serious jail time. You can't transfer money from one business to another especially this crypto baloney.
You can do whatever you want to do in an unregulated business environment. Some people demand less government, less regulation, and less “red tape.” They got that for which they asked.

nn0wheremann 12-02-2022 09:04 AM
Quote:
Originally Posted by MidWestIA (Post 2162569)
When you buy crypto you buy a piece of paper hoping that a bigger fool comes along and pays you more for just a piece of paper. With stock you own a fractional piece of something.
What piece of paper? Cryptocurrency is nothing more than digital vaporware, an imaginary image of value.

Matzy 12-02-2022 09:13 AM
I think i am missing something - Are you just making your opinion public or you want to tell us something?

rsibole 12-02-2022 09:17 AM
Quote:
Originally Posted by retiredguy123 (Post 2162464)
The first time I heard about cryptocurrency, I decided that I would never invest any money in it. It had "SCAM" written all over it. I have no sympathy for those who recently lost their money investing in it and being scammed. And, I don't care whether or not Sam Bankman-Fried is ever arrested and prosecuted. I only invest in things that I fully understand and that clearly have the potential to add value to the overall economy.
Reading a history of Bitcoin, when Bitcoin started out there wasn’t really a price for it since no one was willing to buy it. The first time Bitcoin actually gained value was on October 12, 2009 when Martti Malmi, a Finnish developer that helped Satoshi work on Bitcoin, sold 5050 Bitcoins for $5.02. This gave 1 Bitcoin the value of $0.0009.

Reading further, the first transaction using it in the USA was a pizza shop accepted 9-Bitcoin in exchange for a large cheese pizza. At today’s “value”, a single Bitcoin is “worth” a little over $16,000 USD, down from its all time high of $67,567 on November 8th, 2021.

In other important financial news and just in time for Christmas, the Golden Gate Bridge is once again for sale after recently being purchased by a resident in The Villages for $99.95.

retiredguy123 12-02-2022 09:23 AM
Quote:
Originally Posted by Matzy (Post 2162590)
I think i am missing something - Are you just making your opinion public or you want to tell us something?
Just expressing an opinion.


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