JC Denizens' Investment Advice??

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What short term investment should CO throw some coin at?

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AArdvark
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Re: JC Denizens' Investment Advice??

Post by AArdvark »

Will civilization collapse to the point that can openers are unknown? When the Mongol hordes invaded Rome, they burned down all the can opener temples, thus setting the canning religion back a thousand years.

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odyssia76
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Re: JC Denizens' Investment Advice??

Post by odyssia76 »

AArdvark wrote: Thu May 13, 2021 6:01 pm I just wanna hear about more hiding places for gold!
In a colossal cave, guarded by a grue?

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odyssia76
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Re: JC Denizens' Investment Advice??

Post by odyssia76 »

Tdarcos wrote: Thu May 13, 2021 8:30 pmThey have written proof (or a key) that shows that they own a particular safe deposit box. Didn't stop it from being confiscated, and then they have to prove they have a right to it. Can be a big problem if you can't prove you made enough money to afford what was in your box.
Very much like the way cops do their incredible civil forfeiture bullshit. Take your money and use it to buy new cop tanks without ever chargiung you with a crime. And if you fight it you have to prove why you had it.
Tdarcos wrote: Thu May 13, 2021 8:30 pm Even if civilization has collapsed, then people will still trade gold for food.
[p/quote]

I think that is a very big assumption you are making there my friend. Based on what do you claim that? After all you can't take it with you! Who wants to be a corpse that starved to death but died with a couple gold coins in your pocket?

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odyssia76
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Re: JC Denizens' Investment Advice??

Post by odyssia76 »

Tdarcos wrote: Thu May 13, 2021 8:30 pm Bullshit. Over all of civilization, gold first, then silver, and other precious metals (like platinum) once we found a use for them, became the go-to commodity for trading and commerce. Gold has so many intrinsic uses: it does not rust or corrode, will not decay, it is resistant to most acids, it can be used for plating, gold leaf, jewelry, tooth fillings, cosmetics, medals, coins...
Which of those uses will be critical in a post apocalyptic scenario?

Just because people used gold for a long time does not mean they would in a bad enough shitstorm when food and water and medicine are all in short supply.
Tdarcos wrote: Thu May 13, 2021 8:30 pm The guy who has extra food might be willing to sell some for gold, because he can trade gold for ammunition, medicine, and other useful things.

And he might not. he might be smart enough to realize those things are far more useful to him than gold which would only have a theoretical "yeah maybe in the future I will meet someone who wants gold, maybe not" way. The food and ammo can either be used for his needs OR traded because those things are useful to anyone. Gold is not useful by itself and "WTF am I gonna do with a hunk of gold?" is a very smart question. Everyone needs canned foold and water filters. No one really needs gold.

Oh well just thinken. Maybe I watch too many zombie movies!

Anyways I do not think your fascination with gold is as wise as you think. There are far more valuable things to have both in long term value and usability and also when the zombies come. But you do you!

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odyssia76
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Re: JC Denizens' Investment Advice??

Post by odyssia76 »

Casual Observer wrote: Thu May 13, 2021 9:31 pm So Odyssia, are you an old school republican?

LOL no way dude, I am a commie pinko socialist super progressive left wing freak. Fucking hate those republican assholes, sorry. I'm all for sticking it to The Man as much as possible. So far I have agreed with ICJ and bryanb several times for whatever that means. Tax the fuck out of the rich who have been fucking over the little guy for a hundred years just here in the US. They say "oh but we earned it with our hard work". Yeah fuck you did! Time for then to pay back everything they owe the rest of us for buiiloding them roads and bridges and e4duicated workers and milkitary defense while to pay no taxes, the fuckers! :smile: Sorry guess I ranted a bit there.
Casual Observer wrote: Thu May 13, 2021 9:31 pm yeah, i know, but . . . Inflation is awesome for debt. By the time i got around to pay my student debt, the same education would have cost me three times as much. Pay down debt with inflated dollars i say.
Sit down with a pencil and a napkin or a spreadsheet or whatever. Calculate how much interest you will pay on a credit card at your payment rate and interest level. Call that X. Then calculate how much you expect to make on your investments in teh same period. Call that Y. IF X > Y then you are a very silly person to invest before paying down debt unless it is free money like 401k matching.

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odyssia76
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Re: TSummary

Post by odyssia76 »

Tdarcos wrote: Fri May 14, 2021 6:26 am More than 6,000 years of history shows, that for the reasons I explained in great detail, that ironically when civilization collapses, gold remains in even higher demand than in good times, so that the man with a gold coin has lots more opportunities than the man with a can of soup, and probably has a better chance of being able to eat.
Please give specific examples of when you feel that has been the case in history. for most of that 6000 years there have not been a slew of complete collapses and most people would have never even seen a piece of gold in their miserable short and dirty lives. I am afraid I must call shenanigans unless you have actual examples and not just conjectures.

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Jizaboz
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Re: TSummary

Post by Jizaboz »

odyssia76 wrote: Fri May 14, 2021 5:45 pm
Tdarcos wrote: Fri May 14, 2021 6:26 am More than 6,000 years of history shows, that for the reasons I explained in great detail, that ironically when civilization collapses, gold remains in even higher demand than in good times, so that the man with a gold coin has lots more opportunities than the man with a can of soup, and probably has a better chance of being able to eat.
Please give specific examples of when you feel that has been the case in history. for most of that 6000 years there have not been a slew of complete collapses and most people would have never even seen a piece of gold in their miserable short and dirty lives. I am afraid I must call shenanigans unless you have actual examples and not just conjectures.
"So ask yourself.. are you safe?"

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Casual Observer
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Re: JC Denizens' Investment Advice??

Post by Casual Observer »

odyssia76 wrote: Fri May 14, 2021 5:41 pm LOL no way dude, I am a commie pinko socialist super progressive left wing freak. Fucking hate those republican assholes, sorry. I'm all for sticking it to The Man as much as possible. So far I have agreed with ICJ and bryanb several times for whatever that means. Tax the fuck out of the rich who have been fucking over the little guy for a hundred years just here in the US. They say "oh but we earned it with our hard work". Yeah fuck you did! Time for then to pay back everything they owe the rest of us for buiiloding them roads and bridges and e4duicated workers and milkitary defense while to pay no taxes, the fuckers! :smile: Sorry guess I ranted a bit there.
No, I re-read what you said about Biden and what seemed at first blush to be a dig on him was actually a liberal point of view about pharma so i agree. Frankly it pisses me off every time Gates, Bezos, Musk, Benhoff, Ellison, etc, say anything while they ride past or helicopter over thousands of Americans living under overpasses just in WA and CA alone. How dare these assholes have so much money and not put it to fixing some of the most glaring failures of society. So tax the fuck out of them.

Casual Observer
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Re: JC Denizens' Investment Advice??

Post by Casual Observer »

Hey Jizz, what's your take on what old Elon did to crypto this week? Seems like some insider trading level manipulation to me but what do I know.

1st he made a buttload of money on Bitcoin by investing Tesla's money in it (how much of his own we'll never know???)
2nd he made damn sure everyone knew how much money he made in Bitcoin with press releases and publicly filed financial reports from Tesla
3rd he made a somewhat derogatory joke about DOGE on SNL, causing a several day rout
4th he very publicly renounced Bitcoin specifically and publicly by announcing that Tesla wouldn't even accept it as payment for a car (christ, I can buy a coffee with bitcoin in this town if I had any, I can buy bitcoin at a CoinStar machine at Safeway).

Am I right to think that he's doing what you talked about (selling early in the dip and buying as the rise) except he's in a position to drive the volitility? Am I right to imagine he bought a shitload of DOGE on Monday, Tuesday, and a bit of Wednesday?

If he's doing what it seems like, why isn't he being marched out in handcuffs for insider trading like Charlie Sheen in Wall Street? Since he's not, should I just keep watching this smug son of a bitch and throw some crypto coin in the opposite direction of whatever drips out of his mouth?

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Ice Cream Jonsey
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Re: JC Denizens' Investment Advice??

Post by Ice Cream Jonsey »

Casual Observer wrote: Sat May 15, 2021 9:28 am If he's doing what it seems like, why isn't he being marched out in handcuffs for insider trading like Charlie Sheen in Wall Street? Since he's not, should I just keep watching this smug son of a bitch and throw some crypto coin in the opposite direction of whatever drips out of his mouth?
I think the deal is that bitcoin is totally unregulated. Which is what the creators wanted, I guess. So it's not going to get the same protections that a stock would.
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Jizaboz
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Re: JC Denizens' Investment Advice??

Post by Jizaboz »

Ice Cream Jonsey wrote: Sat May 15, 2021 3:17 pm
Casual Observer wrote: Sat May 15, 2021 9:28 am If he's doing what it seems like, why isn't he being marched out in handcuffs for insider trading like Charlie Sheen in Wall Street? Since he's not, should I just keep watching this smug son of a bitch and throw some crypto coin in the opposite direction of whatever drips out of his mouth?
I think the deal is that bitcoin is totally unregulated. Which is what the creators wanted, I guess. So it's not going to get the same protections that a stock would.
So yes, there is this. This market is unregulated. However, the weird part comes in when you cash out. What you gained and then took as cash that wasn’t part of the expense is taxed, naturally. While I have done cash withdrawals I basically just wait for any notice or warning that I need to file something.

How does someone like you or I get around this? You launder it, of course. You can buy things like gift cards from a place you were gonna spend money at anyway (Amazon, steam, whatever) or you buy these card codes and sell them at a slight discount. 100$ card for 85$, whatever. Or you buy arcade machines, used cars, or whatever you can from someone who accepts crypto then flip it when you are done with it. How does someone like Elon launder his huge crypto assets? I have no idea! Maybe paintings or yachts or something.

The fact he now says he won’t accept btc for cars is just weird. Like dude, we have known about the power consumption thing for years. Something else is up here, but I don’t know what it is.

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odyssia76
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Re: JC Denizens' Investment Advice??

Post by odyssia76 »

Casual Observer wrote: Sat May 15, 2021 9:28 am If he's doing what it seems like, why isn't he being marched out in handcuffs for insider trading like Charlie Sheen in Wall Street?
I think insider trading means you have to know something everyone else does not know. Like for example you are on the board or whatever. It is perfectly legal for famous dudes to say their opinions on stocks. Some people make a living at it. If I own stock in Waffle House and I go around saying Waffle house is a great company that is not illegal.

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Ice Cream Jonsey
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Re: JC Denizens' Investment Advice??

Post by Ice Cream Jonsey »

There's a chip shortage so for these cryptocurrencies I really wish for a bit that we could just take the miners' word for it.
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Jizaboz
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Re: JC Denizens' Investment Advice??

Post by Jizaboz »

Solt off most the stuff bleeding and threw 500$ from the Binance.us account at MATIC. Holding too long is for the idiotic and the lazy. Account balance climbing again!

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