- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Money Talk challenge (1 year update)
Posted on 10/16/23 at 10:12 am to I Love Bama
Posted on 10/16/23 at 10:12 am to I Love Bama
I honestly dont care about your lying
Its just funny to witness
Its just funny to witness
Posted on 10/16/23 at 11:05 am to SDVTiger
quote:You think someone who has dropped multiple 6 figs into btc over a period of 5+ years wouldn't make a $2k bet? I don't understand why that is so hard to believe.
And you are a making money challenges for 2k
Sure jan gif
Posted on 10/16/23 at 2:21 pm to TigerTatorTots
quote:
You think someone who has dropped multiple 6 figs into btc over a period of 5+ years wouldn't make a $2k bet?
No i dont. No one would be wasting there time on this site or living in Colombia if they had 6 figures to waste on bitcoin
Posted on 10/16/23 at 2:29 pm to SDVTiger
That is a crazy thought considering most here have been throwing money in for over 5 years.
This post was edited on 10/16/23 at 9:42 pm
Posted on 10/16/23 at 2:42 pm to TigerTatorTots
Of course you do
This post was edited on 10/16/23 at 2:42 pm
Posted on 10/16/23 at 2:56 pm to SDVTiger
Would you not believe someone if they said they bought 6 figs on ExxonMobil stock over the past 5-6 years? I don't see what the difference would be and I don't understand how investing $25k+ a year into something is a wild thought.
ETA: I've been saying 5-6 years...its really 6-7 years. Most of us starting buying in early 2017. Some even before then
ETA: I've been saying 5-6 years...its really 6-7 years. Most of us starting buying in early 2017. Some even before then
This post was edited on 10/16/23 at 2:58 pm
Posted on 10/17/23 at 1:04 am to TigerTatorTots
quote:
Well he lost over $700,000
I wish that yard would have listened.
We begged him to sell more.
Posted on 12/6/23 at 8:38 pm to Big_Sur
Can we get an update on the bet?
Posted on 12/7/23 at 2:43 am to Big_Sur
quote:
Just an update on current standings.
May 5th BTC: $29,528.50
S&P 500: $4,136.25
NVDA: $286.80
BTC: $43,942.66
S&P 500: $4,549.34
NVDA: $455.03
BTC: +48.8%
S&P : +10.0%
NVDA: +58.7%
Posted on 12/7/23 at 9:37 am to TigerTatorTots
For anyone reading this, you should really consider reading the Bitcoin Standard.
Cliff Notes....
Historical Context of Money: The book begins by exploring the history of money, explaining how different societies have used various items as money, such as gold and silver. Ammous discusses the concept of 'sound money', which is money that has a store of value over long periods due to its scarcity and resistance to inflation. He argues that most historical currencies failed due to their lack of these properties. The book emphasizes the role of sound money in fostering economic prosperity and stability.
Bitcoin as Digital Gold: Ammous then introduces Bitcoin, positioning it as the digital equivalent of gold. He outlines its properties, such as decentralization, fixed supply, and resistance to censorship, which make it an excellent form of sound money. The book highlights the benefits of Bitcoin over traditional fiat currencies, like the US dollar, which can be printed at will by governments, leading to inflation and devaluation. Ammous argues that Bitcoin's digital nature and limited supply give it an edge over gold and make it an ideal store of value in the digital age.
Economic and Societal Implications: Finally, "The Bitcoin Standard" explores the broader economic and societal implications of adopting Bitcoin as a global standard. Ammous suggests that Bitcoin could lead to a more prosperous and stable global economy by reducing governments' ability to inflate currency supplies and by fostering greater financial discipline. He also discusses potential challenges and criticisms of Bitcoin, such as scalability issues and energy consumption, but generally maintains an optimistic view of its future role in the global financial system.
Overall, the book is both a historical analysis of money and a forward-looking thesis on how Bitcoin could reshape our understanding and use of currency in the future.
Posted on 12/7/23 at 9:42 am to I Love Bama
quote:
resistance to censorship
this is an elementary level question I've had that hopefully you can answer.If a govt was to make bitcoin illegal and shut down the on/off ramps, how would that play out? Like if I've got a cold wallet with bitcoin but have no way to transfer it to money in my bank, do I just accept that the BTC I hold is now going to have to be used to actually buy stuff and use it as a currency?
Posted on 12/7/23 at 10:19 am to WG_Dawg
quote:
this is an elementary level question I've had that hopefully you can answer.If a govt was to make bitcoin illegal and shut down the on/off ramps, how would that play out? Like if I've got a cold wallet with bitcoin but have no way to transfer it to money in my bank, do I just accept that the BTC I hold is now going to have to be used to actually buy stuff and use it as a currency?
Great question. This has already been done before.
In 1933 the government made Gold illegal to have. That was not lifted until 1974.
There would be some short term problems for sure! That said, when the government made gold illegal, were people still using it and was it a valuable asset?
Of course.
That said, in a month or less, we will have a Bitcoin ETF. After the ETF, it's pretty much over for what the government can do.
If that is a main concern for you, just wait until the ETF is up and running.
The USA has zero control over Bitcoin. This is a world wide asset that will have value no matter what the USA does.
Posted on 5/4/24 at 10:29 am to I Love Bama
This has been a fun read one year later.
Big Sur is going to make some Colombian girls very happy.
Good morning from Pereira, Colombia
Big Sur is going to make some Colombian girls very happy.
Good morning from Pereira, Colombia
Posted on 5/4/24 at 10:42 am to I Love Bama
quote:
Big Sur is going to make some Colombian girls very happy.
Still ducking NVDA I see.
Posted on 5/4/24 at 10:44 am to slackster
NVdA was an amazing call. But no bet was made. I am not sure how that’s hard for you to grasp.
But since we are tracking it since it was mentioned.
NVDA - 222%
Bitcoin - 120%
S&P500 - 26%
S&P has done much better than I had thought it would actually but as I mentioned in the other thread, the rise is only because of the magnificent 7. 490 of the companies showed very little growth if any
But since we are tracking it since it was mentioned.
NVDA - 222%
Bitcoin - 120%
S&P500 - 26%
S&P has done much better than I had thought it would actually but as I mentioned in the other thread, the rise is only because of the magnificent 7. 490 of the companies showed very little growth if any
This post was edited on 5/4/24 at 10:51 am
Posted on 5/5/24 at 11:41 am to I Love Bama
quote:
bUT nOoooo. S&p 500 or iTs gAMbeLiNG!
yOu DOnT UnDErstand!!!
herpppppppp derpppppp.
8% rETURNs BrOooooo
1 year down, 1 to go!
S&P500 moved higher than expected.
BTC had the expected dramatic highs and lows. A month from now, it could be at $20k. Or $100k. It's a complete gamble. Not inflation hedge, not a currency, not a store of value - just betting on hype.
Nvidia the clear winner at this halfway stage.
This post was edited on 5/5/24 at 11:42 am
Posted on 5/5/24 at 11:44 am to I Love Bama
quote:
Big Sur is going to make some Colombian girls very happy
No you still misunderstanding...if BTC wins a year from now, you can spend your cash donation on the underprivileged third world ladies.
If S&P is up in a year, the ladies don't get the extra funds from I Love Bama (just their normal funds), but a legitimate non profit here in the greatest country on earth benefits from a donation by me.
I tried to structure the bet so its win-win for I Love Bama.
This post was edited on 5/5/24 at 12:17 pm
Posted on 5/5/24 at 12:26 pm to I Love Bama
quote:
NVdA was an amazing call. But no bet was made. I am not sure how that’s hard for you to grasp.
Winning the bet would have cost me thousands of dollars so far and likely much more by next year. That is not winning, that is foolish and dumb. Just like your take that Bitcoin would be better than any stock. More reason why all you Bitcoin fluffers that act like you know more than everyone just don’t understand finances as a whole.
You got owned at your own little game up to this moment.. Anyone who reads this knows I made you my little bitch up to this point. That is worth far more than money from the bet, especially since that would have already cost me four figures by escrowing it instead of putting it in NVDA.
This post was edited on 6/5/24 at 5:33 pm
Posted on 5/5/24 at 1:55 pm to Big_Sur
quote:
a legitimate non profit here in the greatest country on earth benefits from a donation by me.
Nothing to do with this internet “challenge” game, but I set up an investment fund to do the very same thing several years ago. Just feels right.
No offense to him, but remember that the fellow that you’re responding to said, “God I grow to hate this country more and more by the day.” It was some proposed tax policy that triggered him, but still… I’d never say such a thing, even with a gun pointed at my head.
Posted on 5/5/24 at 2:35 pm to Jag_Warrior
It's so important to give back and help after having been so blessed in life.
Despite its flaws, the USA has done more to help the world raise it's standard of well-being than any country in the history of the world.
We live in an unparalleled time of prosperity, health, equality, and freedom. Shouldn't be taken for granted over petty excesses of the left and right.
Despite its flaws, the USA has done more to help the world raise it's standard of well-being than any country in the history of the world.
We live in an unparalleled time of prosperity, health, equality, and freedom. Shouldn't be taken for granted over petty excesses of the left and right.
This post was edited on 5/5/24 at 2:42 pm
Popular
Back to top
Follow TigerDroppings for LSU Football News