As a matter of fact, I could have had this for 24 ounces of gold. My partner was adamantly against it. Customer subsequently used it online and got 220 tenth ounce gold eagles and maple leaf(s) mix along with $400 face value in .900 U.S. coinage. ($52k in gold and silver) last year.
He purchased said coin for $150 in 2013.
A growing number of crypto holders make their purchases through crypto exchanges such as Coinbase, brokers such as Robinhood and even Paypal. Their ownership never entitles them to "delivery" and is simply an investment that is bought with cash and sold for cash. They never expect to nor will be able to hold their crypto in their hand.
Are they really this stupid, or are they destroying the dollar on purpose?
@derryb said:
Their ownership never entitles them to "delivery" and is simply an investment that is bought with cash and sold for cash. They never expect to nor will be able to hold their crypto in their hand.
Agreed. Which is why i find it interesting (if not hypocritical) that cryptos are accepted by PM supporters who have repeatedly stated "if you dont have it in your hand then you dont have it". They have frequently shared pics of their safes full of metals while dismissing others brokerage account statements.
Most individuals or businesses that accept crypotocurrency as a form of payment are simply converting the payments to cash. They aren't sitting there scratching their behinds and wondering whether they are accumulating too much SHIB.
@derryb said:
Their ownership never entitles them to "delivery" and is simply an investment that is bought with cash and sold for cash. They never expect to nor will be able to hold their crypto in their hand.
Agreed. Which is why i find it interesting (if not hypocritical) that cryptos are accepted by PM supporters who have repeatedly stated "if you dont have it in your hand then you dont have it". They have frequently shared pics of their safes full of metals while dismissing others brokerage account statements.
Hey hypocrite, it's because with PM's PM supporters have a choice between physical or paper. They do not have the same choice with cryptos and they are not willing to let the lack of choice cause them to miss an opportunity in cryptos. I'm sure many stackers also own stocks and I'm sure if they could stack a chunk of Google in their safe or safety deposit box they would prefer to do so.
"If you don't have it in your hand then you don't own it" does not mean only buy investments you can hold in your hand. It means when you have the choice choose to hold it in your hand. Possession is eleven tenths of the law.
Are they really this stupid, or are they destroying the dollar on purpose?
I'm sure many stackers also own stocks and I'm sure if they could stack a chunk of Google in their safe or safety deposit box they would prefer to do so.
Jim Sinclair has been advocating that stock owners get a certificate from their brockerage house, but prices have gone up for that service and most brokerages don't wanna do it. The brokerage houses want the stock ownership in their house account. It seems obvious to me the reasons why.
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said: I'm sure many stackers also own stocks and I'm sure if they could stack a chunk of Google in their safe or safety deposit box they would prefer to do so.
Jim Sinclair has been advocating that stock owners get a certificate from their brockerage house, but prices have gone up for that service and most brokerages don't wanna do it. The brokerage houses want the stock ownership in their house account. It seems obvious to me the reasons why.
"...with PM's PM supporters have a choice between physical or paper. They do not have the same choice with cryptos and they are not willing to let the lack of choice cause them to miss an opportunity in cryptos. I'm sure many stackers also own stocks and I'm sure if they could stack a chunk of Google in their safe or safety deposit box they would prefer to do so.
I think a correlation could be made between
"Paper" bitcoin - i.e. the stuff you buy in someones sandbox (say paypal) and cannot transfer it out, only sell it back to the provider.
and
"Physical" Bitcoin - which would be the Token shown above that contains the physical code typed onto a physical piece of paper. Heck, you dont even need the token at that point just the code.
Of course the code is a key that grants you access to the bitcoin "asset" that is stored on the blockchain, which once you have access can transact.
Whats interesting to me is the dual nature of bitcoin being a Commodity, ie a store of value, and a medium to transact that value (and perhaps easier than gold depending where I try to send my AU to)
Whats interesting to me is the dual nature of bitcoin being a Commodity, ie a store of value, and a medium to transact that value (and perhaps easier than gold depending where I try to send my AU to)
Sorta like a 1964 half dollar?
Are they really this stupid, or are they destroying the dollar on purpose?
I believe that's one of the reasons. The reason to obtain the actual stock certificate is in case the brokerage goes under, in which case it would be forever until the problem would be resolved and there's no guarantee that you would ever be made whole.
Q: Are You Printing Money? Bernanke: Not Literally
Whats interesting to me is the dual nature of bitcoin being a Commodity, ie a store of value, and a medium to transact that value (and perhaps easier than gold depending where I try to send my AU to)
Sorta like a 1964 half dollar?
In 1964 maybe.
I wouldn’t want to pass one for face value now a days when I knew the intrinsic value of the metal within was 2000% more valuable
@derryb said:
A growing number of crypto holders make their purchases through crypto exchanges such as Coinbase, brokers such as Robinhood and even Paypal. Their ownership never entitles them to "delivery" and is simply an investment that is bought with cash and sold for cash. They never expect to nor will be able to hold their crypto in their hand.
I use RH and they gave me one of them fancy wallets. I can convert directly to Physical gold or even gutter metal if I so choose. Times, they are a changin, it's a Crazy World! RGDS!!!
@derryb said:
Their ownership never entitles them to "delivery" and is simply an investment that is bought with cash and sold for cash. They never expect to nor will be able to hold their crypto in their hand.
Agreed. Which is why i find it interesting (if not hypocritical) that cryptos are accepted by PM supporters who have repeatedly stated "if you dont have it in your hand then you dont have it". They have frequently shared pics of their safes full of metals while dismissing others brokerage account statements.
Hey hypocrite, it's because with PM's PM supporters have a choice between physical or paper. They do not have the same choice with cryptos and they are not willing to let the lack of choice cause them to miss an opportunity in cryptos. I'm sure many stackers also own stocks and I'm sure if they could stack a chunk of Google in their safe or safety deposit box they would prefer to do so.
"If you don't have it in your hand then you don't own it" does not mean only buy investments you can hold in your hand. It means when you have the choice choose to hold it in your hand. Possession is eleven tenths of the law.
@jmski52 said: I'm sure many stackers also own stocks and I'm sure if they could stack a chunk of Google in their safe or safety deposit box they would prefer to do so.
Jim Sinclair has been advocating that stock owners get a certificate from their brockerage house, but prices have gone up for that service and most brokerages don't wanna do it. The brokerage houses want the stock ownership in their house account. It seems obvious to me the reasons why.
Is it so they can lend out the share short?
They cant do that if the shares are fully paid for and held within your brokerage acct.
@jmski52 said: Is it so they can lend out the share short?
I believe that's one of the reasons. The reason to obtain the actual stock certificate is in case the brokerage goes under, in which case it would be forever until the problem would be resolved and there's no guarantee that you would ever be made whole.
"Hacks of cryptocurrencies such as bitcoin and ethereum have jumped in recent years as they’ve grown in value."
and also
"While the major blockchains such as the one behind bitcoin have remained secure, tech companies are building services on top or alongside them that don’t always have the same level of security or decentralization."
There's levels to your love crypto
Yeah, there's levels to your love crypto (Levels to your lovecrypto)
And I know, we can get higher hacked (Higher hacked, baby)
maybe
$223 gain in ETH in a four hour period today. Lots of volatility for the day trader. Hint: don't freak and sell the dips.
$1500 gain trading pot stocks in the last week all on margin.
Sold all back to cash no margin.
The $223 gain was in the price of one coin. A buy and sell of 100 coins would have turned a $22,300 profit in four hours. Of course, no one times them perfectly, but still lots of highs and lows in a relatively short period of time that offer great volatility/profit potential. I turn my profits into more coins for the next trip.
Are they really this stupid, or are they destroying the dollar on purpose?
$223 gain in ETH in a four hour period today. Lots of volatility for the day trader. Hint: don't freak and sell the dips.
$1500 gain trading pot stocks in the last week all on margin.
Sold all back to cash no margin.
The $223 gain was in the price of one coin. A buy and sell of 100 coins would have turned a $22,300 profit in four hours. Of course, no one times them perfectly, but still lots of highs and lows in a relatively short period of time that offer great volatility/profit potential. I turn my profits into more coins for the next trip.
Except for you of course on an internet message board after the fact. :roll
$223 gain in ETH in a four hour period today. Lots of volatility for the day trader. Hint: don't freak and sell the dips.
$1500 gain trading pot stocks in the last week all on margin.
Sold all back to cash no margin.
The $223 gain was in the price of one coin. A buy and sell of 100 coins would have turned a $22,300 profit in four hours. Of course, no one times them perfectly, but still lots of highs and lows in a relatively short period of time that offer great volatility/profit potential. I turn my profits into more coins for the next trip.
Except for you of coure on an internet message board after the fact. :roll
Are they really this stupid, or are they destroying the dollar on purpose?
So 100 ETH @ $3,300 requires putting $330K at risk. Assuming an experienced daytrader, who will typically risk maybe 1% of their trading bankroll on an individual trade, @derryb's trade scenario, using a rational risk assessment approach, suggests having a bankroll of.....drumroll....$33M. I mean come on, that's nearly 100x the amount of silver some of us are hoarding.
Wait, I just realized that the above posts were made on April 1.
@RobM said:
So 100 ETH @ $3,300 requires putting $330K at risk.
Correct.
Assuming an experienced daytrader, who will typically risk maybe 1% of their trading bankroll on an individual trade, @derryb's trade scenario, using a rational risk assessment approach, suggests having a bankroll of.....drumroll....$33M. I mean come on, that's nearly 100x the amount of silver some of us are hoarding.
I personally do not limit myself to your 1% assumption. My point with the example is that a $330K investment in a crypto could have turned a $22,300 profit in four hours. When was the last time one even had the opportunity to do that with a precious metal, physical or paper?
Are they really this stupid, or are they destroying the dollar on purpose?
A 7% gain. Yes, that is a sizable, quick gain. But every day there are tradable stocks, commodoties, etc., that fluctuate by that much in price. My question would be what is your exit strategy if you get caught holding ETH and it suddenly falls, and keeps falling? Not selling the dips works as long as there are no major underlying issues. But that strategy typically only works when prices are generally trending upward.
@RobM said:
A 7% gain. Yes, that is a sizable, quick gain. But every day there are tradable stocks, commodoties, etc., that fluctuate by that much in price. My question would be what is your exit strategy if you get caught holding ETH and it suddenly falls, and keeps falling? Not selling the dips works as long as there are no major underlying issues. But that strategy typically only works when prices are generally trending upward.
Haven't cryptos been generally trending upward?
Are they really this stupid, or are they destroying the dollar on purpose?
@derryb said:
a $330K investment in a crypto could have turned a $22,300 profit in four hours. When was the last time one even had the opportunity to do that with a precious metal, physical or paper?
@RobM said:
A 7% gain. Yes, that is a sizable, quick gain. But every day there are tradable stocks, commodoties, etc., that fluctuate by that much in price. My question would be what is your exit strategy if you get caught holding ETH and it suddenly falls, and keeps falling? Not selling the dips works as long as there are no major underlying issues. But that strategy typically only works when prices are generally trending upward.
@RobM said:
A 7% gain. Yes, that is a sizable, quick gain. But every day there are tradable stocks, commodoties, etc., that fluctuate by that much in price. My question would be what is your exit strategy if you get caught holding ETH and it suddenly falls, and keeps falling? Not selling the dips works as long as there are no major underlying issues. But that strategy typically only works when prices are generally trending upward.
Haven't cryptos been generally trending upward?
Hasnt everything?
so we all agree that cryptos HAVE BEEN trending upward. As far as other assets fluctuating as much in price, this is incorrect for any ONE given asset other than a crypto of your choice.
I can easily play the volatility of one crypto day in and day out. How easy is it for you to choose the correct, different stock each day in order to profit from its temporary one day volatility? Good Luck Wid Dat.
Are they really this stupid, or are they destroying the dollar on purpose?
Comments
As a matter of fact, I could have had this for 24 ounces of gold. My partner was adamantly against it. Customer subsequently used it online and got 220 tenth ounce gold eagles and maple leaf(s) mix along with $400 face value in .900 U.S. coinage. ($52k in gold and silver) last year.
He purchased said coin for $150 in 2013.
Like what?
Dollars, yen, euro, ect?
Knowledge is the enemy of fear
Yes - and more. In fact, anything the other person is willing to exchange for the equities offered
Not sure but I've still been buying. Last purchase 3/18. GL!
The whole worlds off its rocker, buy Gold™.
When was the last time someone offered you a stock certificate for goods or services?
Knowledge is the enemy of fear
A growing number of crypto holders make their purchases through crypto exchanges such as Coinbase, brokers such as Robinhood and even Paypal. Their ownership never entitles them to "delivery" and is simply an investment that is bought with cash and sold for cash. They never expect to nor will be able to hold their crypto in their hand.
Are they really this stupid, or are they destroying the dollar on purpose?
Agreed. Which is why i find it interesting (if not hypocritical) that cryptos are accepted by PM supporters who have repeatedly stated "if you dont have it in your hand then you dont have it". They have frequently shared pics of their safes full of metals while dismissing others brokerage account statements.
Knowledge is the enemy of fear
Most individuals or businesses that accept crypotocurrency as a form of payment are simply converting the payments to cash. They aren't sitting there scratching their behinds and wondering whether they are accumulating too much SHIB.
Same time I was offered a bitcoin for goods or services. Point?
Hey hypocrite, it's because with PM's PM supporters have a choice between physical or paper. They do not have the same choice with cryptos and they are not willing to let the lack of choice cause them to miss an opportunity in cryptos. I'm sure many stackers also own stocks and I'm sure if they could stack a chunk of Google in their safe or safety deposit box they would prefer to do so.
"If you don't have it in your hand then you don't own it" does not mean only buy investments you can hold in your hand. It means when you have the choice choose to hold it in your hand. Possession is eleven tenths of the law.
Are they really this stupid, or are they destroying the dollar on purpose?
I'm sure many stackers also own stocks and I'm sure if they could stack a chunk of Google in their safe or safety deposit box they would prefer to do so.
Jim Sinclair has been advocating that stock owners get a certificate from their brockerage house, but prices have gone up for that service and most brokerages don't wanna do it. The brokerage houses want the stock ownership in their house account. It seems obvious to me the reasons why.
I knew it would happen.
Is it so they can lend out the share short?
It's all about what the people want...
"...with PM's PM supporters have a choice between physical or paper. They do not have the same choice with cryptos and they are not willing to let the lack of choice cause them to miss an opportunity in cryptos. I'm sure many stackers also own stocks and I'm sure if they could stack a chunk of Google in their safe or safety deposit box they would prefer to do so.
I think a correlation could be made between
"Paper" bitcoin - i.e. the stuff you buy in someones sandbox (say paypal) and cannot transfer it out, only sell it back to the provider.
and
"Physical" Bitcoin - which would be the Token shown above that contains the physical code typed onto a physical piece of paper. Heck, you dont even need the token at that point just the code.
Of course the code is a key that grants you access to the bitcoin "asset" that is stored on the blockchain, which once you have access can transact.
Whats interesting to me is the dual nature of bitcoin being a Commodity, ie a store of value, and a medium to transact that value (and perhaps easier than gold depending where I try to send my AU to)
2cents
It's all about what the people want...
'> @LukeMarshall said:
Sorta like a 1964 half dollar?
Are they really this stupid, or are they destroying the dollar on purpose?
Is it so they can lend out the share short?
I believe that's one of the reasons. The reason to obtain the actual stock certificate is in case the brokerage goes under, in which case it would be forever until the problem would be resolved and there's no guarantee that you would ever be made whole.
I knew it would happen.
In 1964 maybe.
I wouldn’t want to pass one for face value now a days when I knew the intrinsic value of the metal within was 2000% more valuable
It's all about what the people want...
I use RH and they gave me one of them fancy wallets. I can convert directly to Physical gold or even gutter metal if I so choose. Times, they are a changin, it's a Crazy World! RGDS!!!
The whole worlds off its rocker, buy Gold™.
Im trying to figure yours?
Knowledge is the enemy of fear
https://www.psychologytoday.com/us/basics/projection
Knowledge is the enemy of fear
They cant do that if the shares are fully paid for and held within your brokerage acct.
Knowledge is the enemy of fear
You may find this helpful...
https://www.sipc.org/for-investors/what-sipc-protects
Knowledge is the enemy of fear
Well I know this should be in the coin forum, but....
Any guesses how much it sells for crypto boys ?
Not sure but my Crypto is shining tonight, the gutter not so much. RGDS!
The whole worlds off its rocker, buy Gold™.
https://www.nbcnews.com/tech/tech-news/hackers-steal-600-million-maker-axie-infinity-rcna22031
Haha
Knowledge is the enemy of fear
G.> @cohodk said:
From the article
"Hacks of cryptocurrencies such as bitcoin and ethereum have jumped in recent years as they’ve grown in value."
and also
"While the major blockchains such as the one behind bitcoin have remained secure, tech companies are building services on top or alongside them that don’t always have the same level of security or decentralization."
There's levels to your love crypto
Yeah, there's levels to your love crypto (Levels to your lovecrypto)
And I know, we can get higher hacked (Higher hacked, baby)
maybe
It's all about what the people want...
Crypto Tax Guide.
Are they really this stupid, or are they destroying the dollar on purpose?
I started day trading stocks again
I am such an idiot to even think of trying it again
Please tell me so
Day trade cryptos 24/7
$223 gain in ETH in a four hour period today. Lots of volatility for the day trader. Hint: don't freak and sell the dips.
Are they really this stupid, or are they destroying the dollar on purpose?
Whats the definition of a "Swing Trade" ?
Answer ... When a day trade goes bad
$1500 gain trading pot stocks in the last week all on margin.
Sold all back to cash no margin.
The $223 gain was in the price of one coin. A buy and sell of 100 coins would have turned a $22,300 profit in four hours. Of course, no one times them perfectly, but still lots of highs and lows in a relatively short period of time that offer great volatility/profit potential. I turn my profits into more coins for the next trip.
Are they really this stupid, or are they destroying the dollar on purpose?
Except for you of course on an internet message board after the fact. :roll
The whole worlds off its rocker, buy Gold™.
Are they really this stupid, or are they destroying the dollar on purpose?
So 100 ETH @ $3,300 requires putting $330K at risk. Assuming an experienced daytrader, who will typically risk maybe 1% of their trading bankroll on an individual trade, @derryb's trade scenario, using a rational risk assessment approach, suggests having a bankroll of.....drumroll....$33M. I mean come on, that's nearly 100x the amount of silver some of us are hoarding.
Wait, I just realized that the above posts were made on April 1.
Correct.
I personally do not limit myself to your 1% assumption. My point with the example is that a $330K investment in a crypto could have turned a $22,300 profit in four hours. When was the last time one even had the opportunity to do that with a precious metal, physical or paper?
Are they really this stupid, or are they destroying the dollar on purpose?
A 7% gain. Yes, that is a sizable, quick gain. But every day there are tradable stocks, commodoties, etc., that fluctuate by that much in price. My question would be what is your exit strategy if you get caught holding ETH and it suddenly falls, and keeps falling? Not selling the dips works as long as there are no major underlying issues. But that strategy typically only works when prices are generally trending upward.
Accidental double post
Haven't cryptos been generally trending upward?
Are they really this stupid, or are they destroying the dollar on purpose?
Ummmmm......everyday.
Knowledge is the enemy of fear
Hasnt everything?
Knowledge is the enemy of fear
Cryptocurreny has only been around a few years. Does that establish a trend? Tulips and Beanie Babies trended upwards at one point as well.
so we all agree that cryptos HAVE BEEN trending upward. As far as other assets fluctuating as much in price, this is incorrect for any ONE given asset other than a crypto of your choice.
I can easily play the volatility of one crypto day in and day out. How easy is it for you to choose the correct, different stock each day in order to profit from its temporary one day volatility? Good Luck Wid Dat.
Are they really this stupid, or are they destroying the dollar on purpose?
It ain't that hard to choose stocks to put on the watchlist.
Or to trade "story" stocks.
Bought TWTR yesterday afternoon, sold on the open and made a little over 1K
Bought RIVN this AM, looking to sell on a spike or hold if the trade goes bad.
I bought 100 ETH today at $3,300 and sold at $3,370 for a nice profit of $7,000!
yep, time to reload.
Many assets take a hit today as the FED starts removing musical chairs, one by one. Problem is there are trillions of chairs.
Are they really this stupid, or are they destroying the dollar on purpose?
Don't forget to let us know how perfectly you timed it. LOL
The whole worlds off its rocker, buy Gold™.
I'd rather keep you in suspense because I know it keeps you awake at night.
Are they really this stupid, or are they destroying the dollar on purpose?
Big tyme.
The whole worlds off its rocker, buy Gold™.
Finally got some SHIB, better than gutter, THX R-HOOD!!
The whole worlds off its rocker, buy Gold™.