#16
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what I always say about crypto, you only love it if you are making money, the ones that missed the boat all hate it and think its dumb haha. But yeah you are right Dan, however we will see what happens in the future. |
#17
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As someone working in the data center power industry, where we're spending all kinds of efforts to use less power overall, reduce dependence on diesel generators, investing in and powering via renewable energy through different options, and tying to be more sustainable, it's worrisome that the crypto industry doesn't care about this one whit and gets lumped in with the data centers. I say regulate the snot out of it for that reason alone.. more power consumed than Norway, 10x more than google. Ugh. Here's a chart for reference: https://www.visualcapitalist.com/vis...itcoin-mining/
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#18
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Was doing some weekend reading in survivorship bias.
Puts conversations like this in perspective. |
#19
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This past year has been wacky as far as investment returns. My 401(k) has approximately a 50% rate of return over the past 12 months. Definitely not crypto good as far as returns but nothing to cry about either.
This is of course emblematic of the growing wealth gap though - anyone who has investments has done well recently and those that do not have any investments have not shared in that wealth accumulation. |
#20
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While at a get-together last night, we complimented the Mom on their new Tesla and she said, "Oh, that's not ours, that's Jake's. He used some of his crypto to buy it". That statement was jaw-dropping. I hadn't even considered that a 17 year old would have built out an investment portfolio to the degree that they would be able to buy their own car. Personally, outside of basic blockchain, I haven't really paid significant attention to the crypto market. However, this event really hit home that I should spend some time investigating some of these solutions along with NFTs, and the platforms that support them as potential areas for additional investing. Good times! Texbike Last edited by texbike; 05-06-2021 at 04:43 PM. |
#21
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Meanwhile, Silver is pennies short of an 8 year high today and is up more than 70% in the past year. The trick is simply to invest, not to find the most novel way to easy gains.
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#22
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Inflation hedge?
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#23
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Who knows where its going to go. |
#24
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Besides, Musk probably did more than anyone else to raise the price of Bitcoin, so buying a Tesla is an appropriate sign of gratitude.
__________________
It don't mean a thing, if it ain't got that certain je ne sais quoi. --Peter Schickele |
#25
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Cryptocurrencies are just gambling, and terrible for the environment because of the amount of electricity they use.
You might as well go to the casino. |
#26
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I was going to post that somewhere, Burton Malkiel must be spinning in his grave, but it turns out that he's 88 and still kicking.
So, I wonder what he thinks of this cryptocurrency stuff... Actually, I'm pretty sure I already know. |
#27
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I missed it long ago that I don't really think about the what ifs. I even sold my graphic card a few years ago for more than its original MSRP during the shortage because of the BTC mining craze.
I just don't have enough disposable income to gamble and feel that it is hard to not look at this as a game of musical chairs. Also it sucks that one can't buy a decent graphic cards because people keep buying them for mining. I have much more faith on Vanguard's index fund. And just started to open a second account to buy some more for my daughter's college fund in addition to her 529.
__________________
Dean El Diente BH Lynx 4.829 Jamis Ventura (Kickr) Last edited by tuxbailey; 05-06-2021 at 09:22 PM. |
#28
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When the shoeshine guy says he's got a hot tip on dogecoin, then you'll know.
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#29
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It's a one in billion sort of thing, pretty sure it is all BS. If someone says that they got rich off of it, be suspicious. But encourage them to elaborate. Makes for a good tale
But I've never been to a Tony Robbins seminar either. If someone brings it up, laugh. If you want something, go get it, don't wait around for random electrons. 8 figure payout...pffffft |
#30
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I'm sure I could google it, but in layman's terms, what is it?
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