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Crypto Exchange

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  • helmach
    Senior Member
    • Aug 2018
    • 230

    #11
    Originally posted by checking View Post
    Big 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.
    Big pharma keeps you sick so they can miraculously heal you again. The Choo Choo keeps on chuggin round and round

    Comment

    • foragefarmer
      Senior Member
      • Mar 2014
      • 3507

      #12
      Originally posted by biglentil View Post
      Only crypto companies are scammers. Big pharma is full of honest people.
      Since it's an Ag site, shouldn't you have said Big AG and many smaller AG 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?

      Comment

      • jazz
        Senior Member
        • Jul 2018
        • 9308

        #13
        Originally posted by checking View Post
        Big pharma has saved my life more than once.
        Please 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.
        Last edited by jazz; Nov 10, 2022, 15:18.

        Comment

        • farmboy44
          Senior Member
          • Dec 2017
          • 198

          #14
          Originally posted by jazz View Post
          Please 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.
          I’d take that bet all day. Ten years is a long time. There is a pile of money on the sidelines waiting for re-entry.

          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.

          Comment

          • farmboy44
            Senior Member
            • Dec 2017
            • 198

            #15
            Originally posted by caseih View Post
            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 tho
            Did he sell the investment? Is that loss realized or just on paper?

            Comment

            • foragefarmer
              Senior Member
              • Mar 2014
              • 3507

              #16
              Originally posted by jazz View Post
              Please 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.
              Investor tip:

              Look what happened to world markets yesterday when the USA inflation rate for Oct was announced at 7.7% a drop of .5% from Sept. and below the forecast of 8%.

              There are Trillions of dollars sitting on the side lines just waiting to get back into the markets at the earliest sign of even a slight turn around in the inflation numbers.

              Jazz you probably sold everything Wednesday in sheer panic after Trump's Stole Election candidates were shown that the American people want to protect and maintain their democracy.

              Comment

              • Guest

                #17
                Originally posted by farmboy44 View Post
                Did he sell the investment? Is that loss realized or just on paper?
                I think just on paper so far

                Comment

                • jazz
                  Senior Member
                  • Jul 2018
                  • 9308

                  #18
                  Originally posted by foragefarmer View Post
                  There are Trillions of dollars sitting on the side lines just waiting to get back into the markets at the earliest sign of even a slight turn around in the inflation numbers.

                  .
                  Correction, I have been in cash since August. I know whats coming. The fed fund rate is going to 6%. Mortgage rates will be in the 10% range in the US. Let the dumb money burn up.

                  The Ontario Teachers Fund and Quebec Pension Plan had significant crypto holdings. Oops.

                  Anyway, the CIA and FBI can track all crypto wallets so you aint hiding anything from the govt. And if there is a crash, it will all be regulated.

                  Ask someone to tell you about inflation in the 70s.
                  Last edited by jazz; Nov 11, 2022, 09:25.

                  Comment

                  • blackpowder
                    Senior Member
                    • Feb 2010
                    • 9338

                    #19
                    Originally posted by caseih View Post
                    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 tho
                    Been there. I remember politely interjecting in 08 when a young coworker was buying Iraqi currency. 🤣

                    Comment

                    • AlbertaFarmer5
                      Senior Member
                      • Oct 2010
                      • 12567

                      #20
                      Originally posted by jazz View Post
                      Correction, I have been in cash since August. I know whats coming. The fed fund rate is going to 6%. Mortgage rates will be in the 10% range in the US. Let the dumb money burn up.

                      The Ontario Teachers Fund and Quebec Pension Plan had significant crypto holdings. Oops.

                      Anyway, the CIA and FBI can track all crypto wallets so you aint hiding anything from the govt. And if there is a crash, it will all be regulated.

                      Ask someone to tell you about inflation in the 70s.
                      Looks like Peter zeihan was correct about the cryptocurrencies all along.

                      We criticize him for getting a lot of details wrong along the way. But in the big picture and long-term, his analysis generally turn out to be uncannily accurate.

                      Comment

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