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Started By
Message
Posted on 5/9/22 at 9:02 pm to Jjdoc
You’re providing a service to people trading in a speculative equity asset class and you’re immediately transferring your BTC into USD, correct? That’s what I got from your posts.
No, no one is going to say you were stupid for selling gold pans to a few 49ers. You aren’t doing the same thing they are.
No, no one is going to say you were stupid for selling gold pans to a few 49ers. You aren’t doing the same thing they are.
Posted on 5/9/22 at 9:27 pm to Teddy Ruxpin
Whether you have faith in the coin and it’s price.
Posted on 5/9/22 at 11:14 pm to Teddy Ruxpin
quote:
Why would anyone invest in anything else if they could earn 38% no problem? What's the risk here?
The risk is the price can fluctuate and it's a blockchain version of a CD meaning you have to lock your money up or pay a penalty for unlocking early.
Posted on 5/9/22 at 11:46 pm to Teddy Ruxpin
quote:
Why would anyone invest in anything else if they could earn 38% no problem? What's the risk here?
The risk is that you’re not making 38% in the traditional way - you’re getting 38% more coins on an annualized basis, but if those coins are down 50% in price, it’s not all that great.
Obviously it can work the other way too.
This post was edited on 5/9/22 at 11:47 pm
Posted on 5/9/22 at 11:53 pm to KillTheGophers
quote:
It will be zero
And our future society will look back and laugh at our stupidity
USD will probably go to 0 before bitcoin does.
Posted on 5/10/22 at 8:48 am to slackster
quote:
The risk is that you’re not making 38% in the traditional way - you’re getting 38% more coins on an annualized basis, but if those coins are down 50% in price, it’s not all that great.
Obviously it can work the other way too.
I was being a bit facetious. Claiming 38% "APY" has the connotation that it's just as safe.
Posted on 5/10/22 at 9:27 am to AMS
quote:
USD will probably go to 0 before bitcoin does.
I’m glad I don’t have to take you seriously in the other thread now
Posted on 5/10/22 at 9:30 am to AMS
quote:
USD will probably go to 0 before bitcoin does.
My lord. If the USD gets to zero, I don't think Bitcoin will be on everyone's mind
Posted on 5/10/22 at 9:52 am to HailToTheChiz
I’m sorry y’all this was my bad luck. Right when I invested a good amount into Robinhood it tanked immediately. Always my luck.
Why is this happening?
Why is this happening?
This post was edited on 5/10/22 at 10:00 am
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