Volatility and currency markets are for geniuses with huge balls. I’m way too scared to even play in that casino.
Snippet from that article:
“Alyssa Pascarosa, 26, owes $100,000 related to the bachelor’s degree in SOCIOLOGY she received from the University of Pittsburgh in 2013. The debt shapes nearly all of her financial choices. Ms. Pascarosa initially planned to attend law school but changed her mind after realizing that pursuing that career path would double or triple her debt load.”
I’ve always thought it’s a lot easier (and a lot less mental straining) to just buy assets that work well under different situations, rather than buying shorts.
People who buy shorts go nuts because they’re actually rooting for something bad to happen. When you buy gold, silver, crypto (or any of the ETFs associated for the first 2) you don’t have to root against anything.
Only thing I play against in terms of shorts would be natural gas. But mostly cause its easy to predict weather, market and high volatility makes so even if you fuck up at worst. Your holding for a week or two.
Bitcoin going vertical lately.
I don’t understand it.
Kind of like this .gif
A lot of press has been hyping up cryptocurrency just like a little bit after it was posted in this thread. *KanyeShrug
speaking of cryptocurrency, do you all think it’ll be a good thing to have whenever the crash hits? I don’t think there was ever a need to bring up this question before now, but with the rise of its popularity, would it be good to buy when the next recession hits?
-Starhamemr-
Man.I wish I bought more. It was 1000-1200 when I was shilling it. 2200. Fuck. I’m not holding bitcoin, video related. (Bought other alt coins with the bitcoin.)
http://www.coindesk.com/jpmorgan-partners-zcash-team-add-enterprise-security/
Other moon launcher is ZEC. Hit highs of 315 today. Right now its at 212. Yesterday it was at 100 bux. (Good coin to hold for the long term.)
As for the crash. I heard speculation from other investors that they think crypto is going to increase during a crash as younger people would buy into it. Older folks will still gravitate to gold/silver.
But ETH and ZEC are solid options.
Ethereum and Classic have gone absolutely fucking bonkers this week. Everything other than those and Bitcoin is deep in the red for the most part. Don’t panic sell! My poor xrp is getting fucked. Good thing I’m mining three different things all the time to balance out some of that volatility. I’m mining burst to hold, equihash and cryptoknight for passive Bitcoin to spend on Poloniex.
I’ve not put much in at all and I’ve already doubled my portfolio and taken 25 percent profit after diversifying. I’m currently in XRP, and now Siacoin and DigiByte. I believe pretty heavily in those two companies and where they’re headed, short or long.
If it crashes? I’m buying it all up. It happened to Bitcoin a few times and I regret it every day as it climbs towards 3k.
What about TrollCoin
Should this be reprinted:
Nope; horrible idea. Part of the reason why India got rid of their paper currency is because too many people are literally storing them in their house etc since they have large single bills. Single large currency also makes it easy for drug lords / mafia etc to hide/laundry money.I’d be against it.
lol yeah print more USD while the value is going to shit and digital is starting to take over. Our economy is about to get FUCKED the next five years imo, and I wanna come out on top.
I sold all my XRP, for a total of about 35 percent profit the past month, I made a few bad trades that would have put me at 55 percent or so, but green is green, I’m still killing it compared to my initial investment, still taking profits and playing the game smart. Currently the majority of my crypto is in Ethereum Classic and SiaCoin.
If you grabbed ETH a month ago, CONGRATS! You deep in the money, enjoy rolling around in that!
I know some people that bought into ETH at 20 and 40. Good shit on them.
I caught it late at 85 and 120 but with these prices. I’m in for the long term. Also have a nice amount of DASH coin as well.
Also, if your holding 32 ETH after a certain phase the blockchain is going to pay out dividend like payments to those holding. Encouraging price growth in the coin and stability.
Indepth on the Bitcoin “bubble” and emphasis that crypto is still a small market. (I still dont trust Bitcoin for the long term.)
Total noob here.
What’s the best way to get into crypto currencies?
Crypto will crash like the 2008 recession before it slowly goes back up steadily and stay a up for a while…
You guys probably don’t have to deal with Superannuation but it’s bullshit. Your funds are supposed to make money but instead all your interest goes towards paying mandatory insurance unless you contribute or there is a lot in there. Unfortunately you can’t opt out of it either, your employer just has to pay it.
Just curious, for anyone doing crypto mining , are you running dedicated rigs for it? Or do you just do it on the side when you’re not using your PC for games and such. Been trying to delve a bit deeper into the costs/methods/benefits of running a dedicated multi-gpu unit. Quite a bit of stuff to wade through, especially for someone completely unfamiliar with it (not to mention the whole using Linux for certain cards to run better hash rates).
For anyone who might wish to invest in Minds.com, the door closes on Thursday. You’ve got two days to get your money in, so don’t delay!
-Starhammer-
As far as money and social media goes, Steemit.com has been killing it lately, and giving me lots to play with and add to my portfolio the past three weeks.