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re: BTC just went below $30,000.... The 52 week low is $28,893

Posted on 5/9/22 at 9:02 pm to
Posted by Teddy Ruxpin
Member since Oct 2006
40544 posts
Posted on 5/9/22 at 9:02 pm to
quote:

My HEX is making me 38%.


Why would anyone invest in anything else if they could earn 38% no problem? What's the risk here?
Posted by cokebottleag
I’m a Santos Republican
Member since Aug 2011
24080 posts
Posted on 5/9/22 at 9:02 pm to
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.
Posted by METAL
Member since Nov 2020
1544 posts
Posted on 5/9/22 at 9:27 pm to
Whether you have faith in the coin and it’s price.
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
11479 posts
Posted on 5/9/22 at 11:14 pm to
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 by slackster
Houston
Member since Mar 2009
91300 posts
Posted on 5/9/22 at 11:46 pm to
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 by AMS
Member since Apr 2016
6534 posts
Posted on 5/9/22 at 11:53 pm to
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 by Teddy Ruxpin
Member since Oct 2006
40544 posts
Posted on 5/10/22 at 8:48 am to
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 by wutangfinancial
Treasure Valley
Member since Sep 2015
11829 posts
Posted on 5/10/22 at 9:27 am to
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 by HailToTheChiz
Back in Auburn
Member since Aug 2010
53580 posts
Posted on 5/10/22 at 9:30 am to
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 by schwartzy
New Orleans
Member since May 2014
9907 posts
Posted on 5/10/22 at 9:52 am to
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?
This post was edited on 5/10/22 at 10:00 am
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