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Old 12-13-2017, 09:04 PM #11
Douglas.Curtis
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Blockchain technology has a lot of applications, one reason I'm investing in coins which represent blockchain services.

Bitcoin is a Proof of Work coin, meaning people are actively competing against each other to complete and submit their work first. Grossly wasteful... UNTIL all the coins have been created, then processing drops to maintaining the network and moving transactions.

Bank of America is most likely looking in to witness type blockchains, where there are no transaction fees. These networks have servers processing the transactions, keeping the whole network running. Blockchains are basically decentralized data verification and storage machines.

So, whether bitcoin lasts for centuries, or only the next few years, you can count on blockchain technology to creep in to most of the existing data storage/verification fields. Pretty cool stuff overall.
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Old 12-14-2017, 01:00 AM #12
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To me the only thing I really wonder is how everything does under stress. It's all unicorn skittle shit when things are doing well, as they appear right now. But what happens when things go awry, like they did in 2008 when the entire market froze solid and Hank Paulsen told Prez Bush there would be tanks in the streets, or like 2000 when the dotcom bubble popped, or 1987 when the market lost 25% in one afternoon.
My father in law had been in the markets all his life. He would show me his portfolio back in the 90's when we visited. I was interested. He owned all sensible stuff heavily weighted to tech. It all blew up. He went from being very comfortably retired to much less so and died shortly thereafter, unable to make it up. That happened to me in 2008. My wife's 401K went from a good pile to a much smaller pile. Now everything is back up to where it was and a little past. The Nasdaq just went past its all time high last year passing the all time high of the year 2000. That's 15 years of going nowhere.

We are at the end of a cycle. This is the longest period of post recession in history (I think). We are due for a cleansing. It always happens. It is not different this time. I know one thing: There has never been a currency printing episode like what is going on now. I believe that is why many assets are at all time highs. Not because they are worth more, but because the currency has become so debased.

How will these products do under stress? Crypto? Store of wealth? Flight to safety? Lots of good reasons it should do well, we are currently mining ether and vert, but....its never been tested

Precious metals? I own a large pile of silver. Over 5000 ounces. It is the worst performing asset ever. But.....has a many thousand year history and when it was tested in 2010 it went from 3 to 48 dollars before it declined.

Real estate? Almost always overvalued. Pay your taxes. If you can live on your land as an independent person that is a good thing.

All paper products? Good luck with that. If we blast off into an inflationary supernova the stock market will follow the rise to infinity. But....debt is deflationary and defaults destroy money and as soon as the next test occurs there will be defaults on a scale unimaginable. It would have occurred last time but the Federal Reserve threw 20 trillion dollars into the pot and somehow kept the plates spinning. Do you know that quite a pile of that money found its way into the corporate debt market where corporations were given near zero percent interest credit and then bought their stock back.This created demand and drove the price higher, while additionally removing shares from the market further driving the price upward. No customers, profits or retail investors needed. But boy, the fuckers at the top with millions of shares have done really well.

If you want to invest in the market go 25% FANG (Facebook, Amazon, Netflix, Google) 25% FIRE ( Finance, Insurance, Real Estate) 25% crypto, 25% metals. Dollar cost average your way in and just put in the same amounts every month.
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Old 12-14-2017, 02:14 AM #13
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Good ideas ronbo. I am looking for something to short really. I feel a top is about here and some crap stocks have gone along for the ride. Not sure which ones but I am sure there are quite a few now.
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Old 12-14-2017, 02:26 AM #14
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A whole lotta smart folks have lost a whole lotta money shorting this market. Most short positions have a time decay element that will destroy you. And being early is the same as being wrong, most times.
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Old 12-15-2017, 01:11 AM #15
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I know the risks of shorting as I have done it many times. I do not like to do it but now seems to be a good time if ever there was. I am afraid the tax bill will not pass and that will send everything down.
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Old 12-15-2017, 01:56 AM #16
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I know the risks of shorting as I have done it many times. I do not like to do it but now seems to be a good time if ever there was. I am afraid the tax bill will not pass and that will send everything down.
So many have their ear to the air, finger at the ready, listening for that sharp crack that occurs just as the final snowflake hits the ground, and causes the snap that sends the mass in movement. Most people don't know that Money Market Funds have been Gated, and that as one of the major parts of the Dodd-Frank financial bill that was passed way back in 2010 was that there would never again be a "bail out". From that point forward it would be "bail ins", meaning instead of taxpayers paying to make banks whole it would be "investors" that would take the hit. Sounds good right? Well "investors" is a funny word when it comes to financial institutions. When you deposit money into an account, especially a bank account, you are considered an "investor" who has made an UNSECURED loan to the bank. Further, in the world of "investors" there is a hierarchy. Some investors are more special than other and none is lower than a bank depositor, meaning when shit gets jiggy, you aint getting shit.

And get this. This is amazing. The Dodd Frank bill also moved a certain class of investor to the absolutely front of the line, no questions asked, no debate, here it is, fucking deal with it:
Derivatives get first shot at all the money. So twenty trillion or so in depositor accounts will be instantaneously drained from the system if there are defaults enough to trigger a derivative "event", since there hundreds of trillions in derivatives that have been written and are used as collateral to prop up other multi trillion dollar scams all through out the entire financial matrix.

Ponder also that those 20 trillion in deposits are backstopped by the FDIC which has 40 billion in its account, so good luck with that.

It's no wonder you want to short the market. I want to know how to short civilization

Sorry if you already know all that shit. I just thought it was relevant for some reason
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Old 12-16-2017, 08:33 PM #17
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There is a feeding frenzy going on with e-currency and to an extent also stocks. These orgies end with sudden stop and a sickening jolt.

The e-coins will drop the most but stocks are overpriced and overbought by some measure. I tended to get in too early when I shorted. A common mistake.
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Old 12-16-2017, 09:44 PM #18
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There's a big difference between investing and speculating. In my opinion a bitcoin is more of a higher risk item therefore placing it squarely in the speculation column. In other words have fun but if your money gets wiped out it's no big deal, just like having a losing night at a casino.
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Old 12-16-2017, 09:48 PM #19
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by the time you can google how tc work, its too late to make serious money

just like all the poeople trying to get a coin out of cannabis, but 10 years too late
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