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As Charlie Munger stated about the evolution of cryptos (Warren Buffet’s business partner) . . . When you mix raisons with turds, you still have turds . . . .
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Would never invest one of my hard-earned dollars in something like Crypto, especially when I have no clue as to what it is. Not even the so-called experts could explain Crypto in a matter I could understand.
I'll buy and hold the blue chips, charts through time go only one direction.
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I wonder if many folks took out 2nd loan on house to buy Crypto's or it was just mostly nerds living in parents basement. I myself am investing in wet nose calves with inflation,deflation, high energy and feed cost plus higher int rates and possible long cold winter what could possibly go wrong
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Definitely be aware of crypto scams, father in law was talked into investing into Crypto Fox this year. It popped up in his search engine after researching crypto. They have very convincing traders, few wire transfers later and no questions from the RBC and he is short $200 thousand dollars. Modern day thieves are on the other side of the computer screen.
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Guest
sad thing is , it was lots of young people that got burnt
grandson lost 33% of his hard earned money he worked for all summer in some kinda bitcoin bullshit investment
i tried to tell him , but he told me real nicely that i was old and out of touch
feel sorry for him , he worked so hard , oh well , some lessons you just hafta learn for yourselve
sad thoLast edited by Guest; Nov 10, 2022, 13:45.
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Originally posted by checking View PostBig pharma has saved my life more than once. I've managed to appreciate and forgive them!
Crypto companies don't have any essential value for my being.
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Originally posted by biglentil View PostOnly crypto companies are scammers. Big pharma is full of honest people.
You would have gotten my vote on that one!
Speaking about Pharma do you think livestock producers feel the way you do BL?
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Originally posted by checking View PostBig pharma has saved my life more than once.
Investor tip; The indexes will not see their ATH for at least a decade.
Crypto is a guaranteed zero but don it think it wont affect you, its now linked up and permanently correlated with the S&P 500.Last edited by jazz; Nov 10, 2022, 15:18.
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Originally posted by jazz View PostPlease name the drug that instantly cured you.
Investor tip; The indexes will not see their ATH for at least a decade.
Crypto is a guaranteed zero but don it think it wont affect you, its now linked up and permanently correlated with the S&P 500.
Not seeing new highs for a decade was suggest less than 2% CAGR for ten years. I May be wrong but to me that’s incredibly unlikely.
And correlation? Bitcoin down 70%, S and P Down 20%. Sounds like a real carbon copy to me.
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Originally posted by caseih View Postsad thing is , it was lots of young people that got burnt
grandson lost 33% of his hard earned money he worked for all summer in some kinda bitcoin bullshit investment
i tried to tell him , but he told me real nicely that i was old and out of touch
feel sorry for him , he worked so hard , oh well , some lessons you just hafta learn for yourselve
sad tho
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