Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#31
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Bitcoin has created fortunes for many. Like all pyramid schemes those who know how to trade it or get in early often make a profit. But there have been many losers as well but their stories are rarely told.
Keep in mind that even though it has some practical applications, it was created out of thin air so there is nothing exclusive to Bitcoin as it can be replicated many times over as it has been. Bitcoin is now only about 50% of the total crypto market cap when at one time it was 99%. Yes it was the first mover and widely adopted but that is no guarantee that it will not be replaced by a better engineered crypto coin in the future. Also the use of so called "stable coins" in trading such as tether which have extremely low audit standards makes it even more suspect. I do not think the government should attempt to regulate private sector economic activity but the the insane decision to infect the futures and derivative markets with this illusionary industry that has no physical value increases the likelihood of making its collapse to be a systemic risk to our economy. |
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#32
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I loved Buffett’s simple, clear cut answers to questions which others make more complicated. Charlie Munger was typically even more direct. I agree with both—but I’ve never visited Las Vegas to gamble, which may explain my opinion.
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Politicians are like diapers--they should be changed frequently, and for the same reason. |
#33
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Black thursday
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more like ponzi |
#34
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Bitcoins are worth what investors think they are worth. Some people made money, some people lost their shirts, Bonafide, GAW. Invest if you can tolerate losing it all. Not my cup of tea. There are always people who tell you how rich they have become being rentals property owners, selling real estate themselves, selling their house in two hours, etc. Sometimes true, lots of BS. You only see the worm in the apple when you get up close.
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#35
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#36
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I’d rather buy something I can put in my driveway or garage…..
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#37
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We have a TERRIFIC crypto club here in The Villages. We meet in person the first Wed.of each month 9 am at Water Lily. You are welcome. We also do smaller group meetings throughout the week. |
#38
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Ever know or talk to a gambler? They can lavish you with details of their big winnings last weekend, but rarely talk about the losing forays. Sure...there are pros who consistently win, but they are very few and very far between. There is a reason the house always wins.
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#39
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Chino 1960's to 1976, Torrance, CA 1976-1983, 87-91, 94-98 / Frederick Co., MD 1983-1987/ Valencia, CA 1991-1994/ Brea, CA 1998-2002/ Dana Point, CA 2002-2019/ Knoxville, TN 2019-Current/ FL 2022-Current |
#40
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Bitcoin can be good except if you're the last one holding it. I believe that it's a pyramid scheme that works well for those in the beginning and in the middle....... but not so good for those in the end. And if Bitcoin is so wonderful, how come they take dollars in trade? Because in the end, they'll have the dollars and you'll have nada.
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#41
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#42
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I always listen to what Mr. Buffet says about anything - but, I do my own dd. Other investors whom I also respect, say it is the future.
I have one BTC purchased at $6500. |
#43
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individuals to actually accomplish the building of this bridge - which is known as PROGRESS. Without government, each individual would still be in the Caveman period. ........A government often spends money to increase STABILITY and lawfulness in society. Everyone desires that. But, many complain when a government spends money to try to move individuals out of poverty or spends money on education. These complainers do not realize that they themselves benefit from that spent money because it gives them STABILITY and LAWFULNESS. It takes a government to build a bridge or a road, not just one shortsighted individual. .......Any government needs tax revenue coming in. They COULD tas by many methods .....income, wealth, property value, number of children, by luck (or unluck ) of a lottery, by age, or by height. It could be any system using ANY variable. Obviously, INCOME is the normal variable of choice. |
#44
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Actually, if I had my way, they would have term limits.
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#45
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Closed Thread |
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