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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (168886)2/23/2021 6:54:41 PM
From: Maple MAGA   Read Replies (1) | Respond to of 218877
 
80% of speculators think they’re investing, and even the best investors can wind upside down. I have a friend that made a million + for the first time in his life last year and he told me he got a better deal on his mortgage at the bank. I was surprised he had a mortgage and asked him how much he owed, and it was only $30,000. He claims $30,000 is better used speculating than paying down a mortgage when money is cheap. My attitude has always been if you have the money, eliminate the debt.



To: TobagoJack who wrote (168886)2/24/2021 5:42:14 AM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 218877
 
for me bitcoin makes no sense at all you can trade it even if you are brain dead, or a genius in accounting or economics. No need to read and understand balance sheets or economic trends like why "should I buy copper"

It is a pure speculators medium, based on speculators sentiments, nothing else, all the efforts to put some reasoning to the price are futile. even tulip bulbs had a residual value that brought delight of seeing the flowers the same way you pay to see an opera.

Paper money yes is printed paper but regulated to great extent and can be compared to a country debt/GDP growth ratio for valuation.

BTC - all bs no limit in printing fraction of it and therefore limitless with all the BS that comes with it, and I presume all crypto's are similar