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Discussion in 'Politics' started by GMDGator, Nov 10, 2017.
I see what you did there
Curious to see what Bitcoin does from this point on. I think whales control close to 50% of it so I think you will see it jump quite a bit a few more times as they try to cash out hoping to leave the little guys holding the bag but if it really craters in the long term I think I read it would be the biggest bubble like this in history by some metrics - even more than that tulip bubble.
^ In other words a standard bubble no matter what it does in the short term from here.
Where’s the shoe shine boy?
I decided to shift all my retirement to bitcoin and heroin futures.
As far as I can tell the only use for bitcoin is to buy darkweb drugs and foreign child porn. Seems like the growth potential is unlimited.
Unless Goldman controls it...
My biggest pet peeve with Wall Street, aka America's Favorite Casino. The big guys don't invest in the market. They control it.
You know what I like? Land. Classic cars. Real things. I hate the fact that much of my net worth is simply digital ones and zeros floating around cyberspace. I also hate the fact that people are so infatuated with creating wealth out of thin air. Just buy the right digital thing at the right time and sell it at the right time and without doing a lick of work,...presto....you're rich. Just a damn pyramid scheme.
90% of everything I own/have invested in is “tangible”... it’s a different path to take, but it’s worked for me.
If by "most" they mean over 50%, I'd say that's not at all far-fetched.
Hell, the Nasdaq lost what, 90% of it value when the dotcom bubble burst.
One more thing about this vis a vis the “Goldman’s” of the world...
Google “Blythe Masters” and read her Wiki bio. Look at all the things she was on the FRONT end of at JP Morgan and what she’s doing now and tell me if she/they think this is going to fail in the long run. If she did, she would’ve bolted for the Barclays job.
Yes, many, probably even most, will fail... just like all businesses.
PS Blythe is PURE evil for the little guy... i.e., 99.9999999% of the population
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