Crypto Currency

Discussion in 'West Mall' started by AC, Mar 25, 2020.

  1. AC

    AC 2,500+ Posts

    It hedges inflation for goods/services. It also hedges a deflationary stock market & real estate crash.
     
  2. AC

    AC 2,500+ Posts

    Driver 8,

    NRG VP wanted a CC with us about mining off their power plants effluent steam. The capex on that will be enormous, so that’s likely a 2 year project.
    Had CC’s with a west Texas operator and San Antonio operator. Both have stranded gas. The one in SA is 4 Mega Watts / Day! It’s going to take a while. I’m finding it easier in smaller markets. Downtown Houston market is hard to penetrate!
     
    • Like Like x 1
  3. iatrogenic

    iatrogenic 2,500+ Posts

    I hope you are getting Non Disclosure's signed before you speak with them.
     
  4. AC

    AC 2,500+ Posts

    Bitcoin Is Still Your Liferaft!

    I’m posting this hoping some of you reads it. Inflation is really monetary devaluation. It’s going to get worse. It’s all planned and the life raft or escape hatch is Bitcoin!
     
  5. Monahorns

    Monahorns 5,000+ Posts

    AC, with China banning bitcoin do you think there is still activity in China with it or will the government be able to end it all?
     
  6. Driver 8

    Driver 8 Maybe

    China "banned" bitcoin before so this ban just means they couldn't do it the first time
     
    • Like Like x 1
  7. Monahorns

    Monahorns 5,000+ Posts

    I saw that statement in a headline. If you are right and I hope you are, that means it is unstoppable.
     
  8. AC

    AC 2,500+ Posts

    Driver 8 is absolutely right. China hates Bitcoin, they have "made it illegal" in many ways, many dozens of times. It never works. The first time I know of China making Bitcoin illegal was 2012 or 2013. This goes way back. Turkey's President claims he is at war with Bitcoin. Bitcoin is worth $386,000+ Turkish Lira per coin.
     
  9. AC

    AC 2,500+ Posts

    Bitcoin hit $60K this morning! Won’t be long till it takes out the ATH of $64 829!
    SEC will soon approve the first Bitcoin ETF!
    Wonder what that will do to price?
     
    • Like Like x 1
  10. nashhorn

    nashhorn 5,000+ Posts

    Figured you'd be posting today. hello AC
     
    • Like Like x 1
  11. AC

    AC 2,500+ Posts

    2 ETF’s for Bitcoin go live Monday. I would buy the real thing and store it offline. But 150 million investors have to invest inside their 401K. So the ETF opens it up for all of them. Next week should be good!
     
    • Like Like x 1
  12. Driver 8

    Driver 8 Maybe

    You may experience some turbulence
    Please remain in your seats with your seat belts securely fastened

    btc.png
     
    • Like Like x 3
    • Funny Funny x 1
  13. Seattle Husker

    Seattle Husker 10,000+ Posts

    Ethereum follows BitCoin pretty closely and usually lags 24hrs. ;)
     
    • Agree Agree x 1
  14. AC

    AC 2,500+ Posts

    I have both, but Bitcoin maximalists don’t like that. Tribalism. I will say Bitcoin is truly decentralized Ethereum is not. Eventually Bitcoin could take over all Cryptos. But, ETH is likely to survive as well.
     
    • Agree Agree x 1
  15. Monahorns

    Monahorns 5,000+ Posts

    It's hard to give up Ethereum when it is outperforming Bitcoin for now.

    I bought Ethereum because someone I know who does block chain development. It may not be decentralized but it supposedly has other technical advantages.

    I will let the market decide.
     
    • Like Like x 1
  16. Driver 8

    Driver 8 Maybe

    Houston Firefighters’ pension fund bought Bitcoin and Ethereum

     
    • Like Like x 1
  17. Seattle Husker

    Seattle Husker 10,000+ Posts

    Hopefully they are part of the selloff going on right now to lock in their profits. Not sure how I feel about Pension funds gambling their members hard earned money. It's one thing to invest in asset backed securities but digital currencies are a whole 'nuther level of risk. They might as well be going to a casino and betting with pension funds.
     
    • Agree Agree x 1
  18. Driver 8

    Driver 8 Maybe

    Damn right look at that selloff

    btc.jpg
     
    • Like Like x 1
  19. Seattle Husker

    Seattle Husker 10,000+ Posts

    I'm not being critical. Someone is doing a little profit taking as Bitcoin is off 5-6% today. I know...not a big move in a relatively volatile asset. Still, it's been on a tremendous run so stepping back a bit is evidence that some investors are trying to lock in their profits.

    upload_2021-10-21_13-14-45.png
     
  20. Driver 8

    Driver 8 Maybe

    It's a bloodbath, be careful out there

    btc2.jpg
     
    • Like Like x 2
  21. Seattle Husker

    Seattle Husker 10,000+ Posts

    You're overexaggerating my statement a bit, don't you think? My statement was in relation to a Pension Fund investing in Crypto. It's one thing for investors like us to play craps but there are a lot of retirees in that Pension Fund who have their money at risk, right? If I was retired I wouldn't want the risk of Crypto.
     
  22. AC

    AC 2,500+ Posts

  23. AC

    AC 2,500+ Posts

    I’ll say this. I can see myself holding Bitcoin until I die. Not sure about ETH. I’m enjoying the gains, but ETH won’t change the world. Bitcoin will!
     
  24. AC

    AC 2,500+ Posts

    I’m 5% ETH, .0001% Gold. The rest is Bitcoin and Real Estate (cars, clothing, guns, ammo).
     
  25. OUBubba

    OUBubba Reluctant and Bullied Sponsor

    Following your lead, in now have a minor position in crypto. REAL minor. :)

    glad to see you’re killing it.
     
  26. AC

    AC 2,500+ Posts

    I am for helping anyone hedge inflation. I don't care if your a Sooner, an Aggie, a Democrat, or a Republican.
     
  27. Monahorns

    Monahorns 5,000+ Posts

    I thought pensions were more concerned about long term gains and not looking for short term profits?
     
    • Like Like x 1
  28. Dionysus

    Dionysus Cocky + Relaxed Admin

    Apparently Newt Gingrich is promoting bitcoin now with the International Bitcoin Advisory Corporation (www.ibac.io).

    Is he still relevant/popular in political circles?

     
    • Like Like x 1
  29. Seattle Husker

    Seattle Husker 10,000+ Posts

    Typical post politician grifter career?
     
    • Agree Agree x 1
  30. Musburger1

    Musburger1 2,500+ Posts

Share This Page