It Was Incredibly Bad Timing For Crypto To Go South
May 15, 2022 09:53:28 #
JFlorio wrote:
It’s not how much you put on the bank. It’s how much it’s worth when you take it out. It’s called buying power.
Stop confusing the poor guy with facts.
May 15, 2022 21:18:04 #
son of witless wrote:
The Fed is desperately trying to wring excess liquidity out of the economy. If they would have been smarter they would have started much sooner. This is now k*****g the stock market. It will eventually hit real estate. Cash will eventually be King, again.
If you are lucky enough to be sitting on a pile of cash, in a year or two you can pick up bargains in stocks, real estate, luxury pickup trucks, boats, campers, etc.
I honestly have no clue on crypto currencies.
If you are lucky enough to be sitting on a pile of cash, in a year or two you can pick up bargains in stocks, real estate, luxury pickup trucks, boats, campers, etc.
I honestly have no clue on crypto currencies.
You will have a clue very soon. I had to first understand what Block Chain is, then cryptocurrency. China is already there and it's coming soon.
May 15, 2022 21:23:52 #
JFlorio
Loc: Seminole Florida
jack sequim wa wrote:
You will have a clue very soon. I had to first understand what Block Chain is, then cryptocurrency. China is already there and it's coming soon.
As soon as the FED and IRS figure how to control and tax crypto that’s where will be.
May 15, 2022 21:28:39 #
woodguru wrote:
Crypto is a Ponzi scheme by definition, there is no tethered relationship to the money that goes in, in other words no monetary backing.
What do yo think Federal Reserve Notes are dummy? NOTHING BUT AIR backed by the good faith of the Federal government. Why do you think that the government can create money out of THIN AIR?
May 15, 2022 21:35:24 #
jack sequim wa wrote:
You will have a clue very soon. I had to first understand what Block Chain is, then cryptocurrency. China is already there and it's coming soon.
Joe Biden issued an EO on March 9 to have a plan in place for a PROGRAMMABLE Central Bank Digital Currency within 6 months and have legislation written within 7 months to pass it into law.
If and when that happens we are TOTALLY SCREWED!
May 15, 2022 22:09:27 #
JFlorio wrote:
As soon as the FED and IRS figure how to control and tax crypto that’s where will be.
They have and are only needing an economic collapse to roll it out
May 15, 2022 22:10:06 #
Parky60 wrote:
What do yo think Federal Reserve Notes are dummy? NOTHING BUT AIR backed by the good faith of the Federal government. Why do you think that the government can create money out of THIN AIR?
Fiat currency equivalent to Monopoly Money
May 16, 2022 03:25:03 #
JFlorio wrote:
Don’t lecture me about a subject I know much more than you on.
It's too bad your brain doesn't process all that knowledge with a dose of common sense...
May 16, 2022 03:30:52 #
JFlorio wrote:
It’s not how much you put in the bank. It’s how much it’s worth when you take it out. It’s called buying power.
And what is crypto but smoke, no guarantees that the hundred grand you put in today will be worth a hundred grand tomorrow, what's the security in that?
You put your money in crypto and worry about it disappearing, I'll put mine in the bank and worry about the buying power the hundred grand has when I take it out.
Increased interest on mortgages are affecting the selling prices on homes, so $500k in the bank may buy a bigger house next year than it will today, wouldn't you agree that that is an increase in buying power?
May 16, 2022 03:34:45 #
son of witless wrote:
WTF is " big corporations " ? Unlike y... (show quote)
I'm talking about pharma greed, oil industry greed, raising prices because they can, not because they need to because of shrinking profits.
You can't see anything wrong with a balance where people are hurting, the economy is hurting, and certain industries are making higher and higher profits? It is out of balance for corporate greed not to be brought into balance.
May 16, 2022 03:36:20 #
jack sequim wa wrote:
You will have a clue very soon. I had to first understand what Block Chain is, then cryptocurrency. China is already there and it's coming soon.
How much you have in that now jack?
May 16, 2022 03:37:44 #
JFlorio wrote:
As soon as the FED and IRS figure how to control and tax crypto that’s where will be.
Might as well let banks and wallstreet get a few trillion more out of "investors" willing to play the riskiest game ever conceived.
May 16, 2022 03:39:35 #
Parky60 wrote:
What do yo think Federal Reserve Notes are dummy? NOTHING BUT AIR backed by the good faith of the Federal government. Why do you think that the government can create money out of THIN AIR?
As I said, I'll put a thousand in the bank, you put a thousand in your favorite crypto...tomorrow, we'll see who rests easier knowing they can withdraw a thousand dollars whenever they want.
May 16, 2022 03:43:31 #
jack sequim wa wrote:
They have and are only needing an economic collapse to roll it out
Like crypto and Wallstreet wiping out 20 to 30 trillion dollars? The money leaves before the stock crashes, it's already gone, and that is why a crash is called an adjustment, there needs to be a day of reckoning for the fact that the money has already left the accounts, stock prices mean nothing, they are tethered to nothing.
May 16, 2022 03:44:19 #
jack sequim wa wrote:
Fiat currency equivalent to Monopoly Money
Which is worth more than any crypto
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