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re: Dave Ramsey: Will the stock market crash under Joe Biden?

Posted on 4/13/21 at 4:45 pm to
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80790 posts
Posted on 4/13/21 at 4:45 pm to
quote:

Where?

Celsius app. Covert fiat USD to USDC coin (1:1 conversion). 10.5% interest to hold it in their account (13% if you also hold a certain amount of the Celsius coin in the account). The coin is pegged to the US Dollar.

Update: ^Big whiff
This post was edited on 7/14/22 at 9:30 am
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80790 posts
Posted on 4/13/21 at 4:53 pm to
quote:

Well, IBM quantum computing is about 2 years away from reverse mining blockchain for starters.
Well bank accounts, investment accounts, and everyday life will be effected much sooner than bitcoin in your case.
Posted by Blueprint
Member since Apr 2018
2069 posts
Posted on 4/13/21 at 5:29 pm to
quote:

batting 100%


Hopefully your knowledge of investing is better than your knowledge of baseball.
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43304 posts
Posted on 4/13/21 at 5:43 pm to
(no message)
This post was edited on 4/13/21 at 5:50 pm
Posted by Shepherd88
Member since Dec 2013
4591 posts
Posted on 4/13/21 at 5:47 pm to
quote:

how do you do this?



eta: talked to some other crypto nerds in a discord and this is what they had to say...




LINK

Reddit thread but it goes into some details
Posted by EA6B
TX
Member since Dec 2012
14754 posts
Posted on 4/13/21 at 6:16 pm to
quote:

imagine bragging about 16%


Those that downplay a 16% return are usually just gamblers that got lucky on a single fringe play, and now think they are geniuses at investing.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 4/13/21 at 6:22 pm to
or as alternative explanation, someone who is not brainwashed by fiat currency or guys like dave ramsey who have been misleading them for their entire lives.

enjoy your 16% bull market. I'll be elsewhere getting "lucky"
This post was edited on 4/13/21 at 6:23 pm
Posted by jwn0002
Member since Oct 2019
29 posts
Posted on 4/13/21 at 6:22 pm to
I’m genuinely curious to this. Not because I don’t doubt you might not be successful and have a lot but I’m always curious as to all the different posters on here.
Net worth and Age?
Posted by evil cockroach
27.98N // 86.92E
Member since Nov 2007
7487 posts
Posted on 4/13/21 at 6:24 pm to
quote:

I can get 12% with zero risk at all so
derp
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 4/13/21 at 6:26 pm to
whether I have 50 dollars or 5 million dollars, it doesn't take away from any of the arguments posted here

that's the great thing about bitcoin, it's just code and ideas, it doesn't care about who you are or what you have.
Posted by finchmeister08
Member since Mar 2011
35728 posts
Posted on 4/13/21 at 6:28 pm to
quote:

Reddit thread but it goes into some details


If there’s a computer than can reverse the blockchain, wouldn’t the central banking system also be a risk, if not at more risk?
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 4/13/21 at 6:38 pm to
quote:

derp


let me guess you keep all your money in a treasure chest under your mattress so it doenst get "hacked"


yeah, risky
Posted by finchmeister08
Member since Mar 2011
35728 posts
Posted on 4/13/21 at 6:40 pm to
Why did I get downvoted for that question?

ETA: if someone can hack the blockchain, why wouldn’t they also get into Goldman Sachs, JP Morgan, etc.
This post was edited on 4/13/21 at 6:45 pm
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 4/13/21 at 6:44 pm to
theyve been wrong for so long that any alternative argument or math against their original wrongness is just downvoted.

it doesnt change the fact that theyre still wrong but downvoting soothes the ego a bit
Posted by Shameless
Member since Jan 2017
829 posts
Posted on 4/13/21 at 6:45 pm to
quote:

I can get 12% with zero risk at all so


Posted by TigerIron
Member since Feb 2021
3055 posts
Posted on 4/13/21 at 6:51 pm to


This post was edited on 7/25/22 at 4:46 pm
Posted by Ross
Member since Oct 2007
47824 posts
Posted on 4/13/21 at 6:55 pm to
quote:

ETA: if someone can hack the blockchain, why wouldn’t they also get into Goldman Sachs, JP Morgan, etc.



considering most security in the internet uses a variation of SHA2 or a similar complexity algorithm, the answer is yes.
Posted by Shepherd88
Member since Dec 2013
4591 posts
Posted on 4/13/21 at 6:56 pm to
Quant computing certainly poses a risk from a national security level. That professor discusses that too.

We are still a long way off from that being in the palm of everybody’s hands though.

Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
119377 posts
Posted on 4/13/21 at 7:38 pm to
quote:

imagine bragging about 16%

Dave is a clueless dinosaur




Do you know what 16% is?
Posted by slackster
Houston
Member since Mar 2009
85099 posts
Posted on 4/13/21 at 8:04 pm to
quote:

this board would be millionaires if they listened to me about bitcoin


So what are you? How many millions bro?
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