The old farts can't stop talking about crypto...

CopperWire · November 13, 2021 12:56PM

I count three threads on the top page about "cryptocurrency" as the common misnomer is used by the general public. All of them full of misinformation, speculation, uncertainty, doubt, excitement, fear, and out and out lies.

If history gives me any signal about blockchain trading patterns, it is time to take a small profit and pay off initial investments. I'll use my fiat ramp to pad my bank account as I have in the past. If it isn't real to you, that's fine...I want more time to buy at the next bear cycle.

Yeah, too many moms and pops talking about blockchain. I'm getting in the black and buying more hardware for my financial transaction computer that earns me income daily by validating transactions on a financial network capable of complex transactions that current VISA networks cannot.

JimTyler · November 13, 2021 1:02PM

My farts 💨 are old and I don’t want it. If you’re right and they’re all talking about it then it is too late

Jzyskowski1 · November 13, 2021 1:03PM

That’s Mr. Old F**t to you sonny boy😂😉

Downtown1974 · November 13, 2021 1:07PM

I could smell the Werthers Original candy on your breath as you typed that post.

JWP · November 13, 2021 1:15PM

I don't want any investment that I can only afford say 10 shares and it fluxuates thousands of $$ each day. I may never get rich, but will not go broke with just a few shares either.

cameonut2011 · November 13, 2021 1:28PM

I haven’t even reached AARP age, and I think “cryptocurrencies” are scams. If you disagree I have some cameonutcoins to sell you. $0.01 per CNC; only 50 trillion will ever be issued.

Oh and block chain technology is distinguishable from cryptocurrencies and can also be used with real money. The blockchain technology is the real winner not the fake currencies.

Smudge · November 13, 2021 1:29PM

By the time everyone is talking about an investment, you have already missed out on the big profits.

jmlanzaf · November 13, 2021 1:30PM

@JWP said:
I don't want any investment that I can only afford say 10 shares and it fluxuates thousands of $$ each day. I may never get rich, but will not go broke with just a few shares either.

You could buy a billion shares of Shibu. Would that make you feel better?

cameonut2011 · November 13, 2021 1:31PM

Jzyskowski1 · November 13, 2021 1:40PM

Pick up your blocks and chains from the driveway and keep off my lawn
Dang kids 🙃

Pnies20 · November 13, 2021 1:47PM

$FET
$ENJ
$MANA
$CHZ

BOOK IT!!!!!!!

cameonut2011 · November 13, 2021 1:50PM

@Pnies20 said:
$FET
$ENJ
$MANA
$CHZ

BOOK IT!!!!!!!

$WTH?

(What the heck)

Pnies20 · November 13, 2021 2:01PM

@cameonut2011 said:

@Pnies20 said:
$FET
$ENJ
$MANA
$CHZ

BOOK IT!!!!!!!

$WTH?

(What the heck)

Its four different crypto currencies I have invested in.

Also like $XLM

CopperWire · November 13, 2021 2:02PM

cameo nut: some "cryptocurrencies" as you call them, are total scams. similar to wall street scams, crypto space also has crime. but does Bernie Madoff mean that all of Wall Street is a scam and not to pay attention to? it's a good question, not a challenge to your statement.

JimTyler · November 13, 2021 2:03PM

@Downtown1974 said:
I could smell the Werthers Original candy on your breath as you typed that post.

That’s not his breath 💨💨💨💨💨💨

JWP · November 13, 2021 2:04PM

@jmlanzaf No thanks, my neighbor's dogs leave plenty in my yard, PM me and I'll email you a few shares of their gold nuggets.

moursund · November 13, 2021 3:52PM

I'd rather invest in what I know, and the crypto still seem more like speculation than investment. Of course, depending on how you think the markets are manipulated, even US equity indexes might seem risky in the long term... But that's where I keep my nest egg.

Crypto · November 13, 2021 3:54PM

Haters going to hate

jmlanzaf · November 13, 2021 3:58PM

@moursund said:
I'd rather invest in what I know, and the crypto still seem more like speculation than investment. Of course, depending on how you think the markets are manipulated, even US equity indexes might seem risky in the long term... But that's where I keep my nest egg.

Definition of "speculation": high risk investment.

Isn't paying $1000 for a 1916-D dime AT BEST speculation?

moursund · November 13, 2021 4:01PM

@jmlanzaf said:

@moursund said:
I'd rather invest in what I know, and the crypto still seem more like speculation than investment. Of course, depending on how you think the markets are manipulated, even US equity indexes might seem risky in the long term... But that's where I keep my nest egg.

Definition of "speculation": high risk investment.

Isn't paying $1000 for a 1916-D dime AT BEST speculation?

It depends on whether you are expecting to realize a profit. Some people collect merely for the pride of ownership.

jmlanzaf · November 13, 2021 4:02PM

@moursund said:

@jmlanzaf said:

@moursund said:
I'd rather invest in what I know, and the crypto still seem more like speculation than investment. Of course, depending on how you think the markets are manipulated, even US equity indexes might seem risky in the long term... But that's where I keep my nest egg.

Definition of "speculation": high risk investment.

Isn't paying $1000 for a 1916-D dime AT BEST speculation?

It depends on whether you are expecting to realize a profit. Some people collect merely for the pride of ownership.

That's why I said "at best". It could also be "conspicuous consumption".

moursund · November 13, 2021 4:09PM

@jmlanzaf said:

@moursund said:

@jmlanzaf said:

@moursund said:
I'd rather invest in what I know, and the crypto still seem more like speculation than investment. Of course, depending on how you think the markets are manipulated, even US equity indexes might seem risky in the long term... But that's where I keep my nest egg.

Definition of "speculation": high risk investment.

Isn't paying $1000 for a 1916-D dime AT BEST speculation?

It depends on whether you are expecting to realize a profit. Some people collect merely for the pride of ownership.

That's why I said "at best". It could also be "conspicuous consumption".

Dimes are fairy inconspicuous. Pan-pac pucks, maybe not so much. 😉

jmlanzaf · November 13, 2021 4:15PM

@moursund said:

@jmlanzaf said:

@moursund said:

@jmlanzaf said:

@moursund said:
I'd rather invest in what I know, and the crypto still seem more like speculation than investment. Of course, depending on how you think the markets are manipulated, even US equity indexes might seem risky in the long term... But that's where I keep my nest egg.

Definition of "speculation": high risk investment.

Isn't paying $1000 for a 1916-D dime AT BEST speculation?

It depends on whether you are expecting to realize a profit. Some people collect merely for the pride of ownership.

That's why I said "at best". It could also be "conspicuous consumption".

Dimes are fairy inconspicuous. Pan-pac pucks, maybe not so much. 😉

All the same size in a holder

moursund · November 13, 2021 4:20PM

@jmlanzaf said:

@moursund said:

@jmlanzaf said:

@moursund said:

@jmlanzaf said:

@moursund said:
I'd rather invest in what I know, and the crypto still seem more like speculation than investment. Of course, depending on how you think the markets are manipulated, even US equity indexes might seem risky in the long term... But that's where I keep my nest egg.

Definition of "speculation": high risk investment.

Isn't paying $1000 for a 1916-D dime AT BEST speculation?

It depends on whether you are expecting to realize a profit. Some people collect merely for the pride of ownership.

That's why I said "at best". It could also be "conspicuous consumption".

Dimes are fairy inconspicuous. Pan-pac pucks, maybe not so much. 😉

All the same size in a holder

.
.
.

Heh heh heh...

derryb · November 13, 2021 4:22PM

most crypto investors don't fool with blockchain, wallets and digital keys. They buy and sell on the crypto exchanges, Robinhood and Paypal. Easy as trading a stock or ETF with your on line broker.

fathom · November 13, 2021 4:29PM

Relax people we aren't even in the middle of the first chapter of the book (eBook) of crypto.

And it may be longer than The Brothers Karamazov.

jmlanzaf · November 13, 2021 4:30PM

@moursund said:

@jmlanzaf said:

@moursund said:

@jmlanzaf said:

@moursund said:

@jmlanzaf said:

@moursund said:
I'd rather invest in what I know, and the crypto still seem more like speculation than investment. Of course, depending on how you think the markets are manipulated, even US equity indexes might seem risky in the long term... But that's where I keep my nest egg.

Definition of "speculation": high risk investment.

Isn't paying $1000 for a 1916-D dime AT BEST speculation?

It depends on whether you are expecting to realize a profit. Some people collect merely for the pride of ownership.

That's why I said "at best". It could also be "conspicuous consumption".

Dimes are fairy inconspicuous. Pan-pac pucks, maybe not so much. 😉

All the same size in a holder

.
.
.

Heh heh heh...

Oddest looking pan pac I've ever seen.

DoubleEagle59 · November 13, 2021 4:33PM

Most Cryptos will appreciate.

It's the trend.

Young investors know nothing about gold and silver (which troubles me).

We're almost at a cashless society now.

But still.......I cannot buy any of that Cryptocurrency CR*P.

I just can't do it.

moursund · November 13, 2021 4:38PM

@jmlanzaf said:

@moursund said:

@jmlanzaf said:

@moursund said:

@jmlanzaf said:

@moursund said:

@jmlanzaf said:

@moursund said:
I'd rather invest in what I know, and the crypto still seem more like speculation than investment. Of course, depending on how you think the markets are manipulated, even US equity indexes might seem risky in the long term... But that's where I keep my nest egg.

Definition of "speculation": high risk investment.

Isn't paying $1000 for a 1916-D dime AT BEST speculation?

It depends on whether you are expecting to realize a profit. Some people collect merely for the pride of ownership.

That's why I said "at best". It could also be "conspicuous consumption".

Dimes are fairy inconspicuous. Pan-pac pucks, maybe not so much. 😉

All the same size in a holder

.
.
.

Heh heh heh...

Oddest looking pan pac I've ever seen.

@jmlanzaf said:

@moursund said:

@jmlanzaf said:

@moursund said:

@jmlanzaf said:

@moursund said:

@jmlanzaf said:

@moursund said:
I'd rather invest in what I know, and the crypto still seem more like speculation than investment. Of course, depending on how you think the markets are manipulated, even US equity indexes might seem risky in the long term... But that's where I keep my nest egg.

Definition of "speculation": high risk investment.

Isn't paying $1000 for a 1916-D dime AT BEST speculation?

It depends on whether you are expecting to realize a profit. Some people collect merely for the pride of ownership.

That's why I said "at best". It could also be "conspicuous consumption".

Dimes are fairy inconspicuous. Pan-pac pucks, maybe not so much. 😉

All the same size in a holder

.
.
.

Heh heh heh...

Oddest looking pan pac I've ever seen.

.
Of course, just enjoying the MEGA holder. Now that is conspicuous!

ctf_error_coins · November 13, 2021 4:40PM

Nothing wrong with speculation, especially in a uptrend.

Speculation means do not invest more than you are willing to lose.

Money management and diversification is the key.

jmlanzaf · November 13, 2021 4:40PM

@DoubleEagle59 said:
Most Cryptos will appreciate.

It's the trend.

Young investors know nothing about gold and silver (which troubles me).

We're almost at a cashless society now.

But still.......I cannot buy any of that Cryptocurrency CR*P.

I just can't do it.

Most cryptos will probably disappear. There are too many of them.

WAYNEAS · November 13, 2021 5:53PM

I have absolutely no knowledge of crypto and don't care. Power to those that do.
Wayne

Larrob37 · November 13, 2021 10:24PM

Here is the problem with old farts and them buying in to crypto. I am a older fart and do speculate in crypto. I believe most older people dont because they have everything to lose and truthfully very little to gain except a few more bucks in the bank. You get to a point where your main job is to not lose what you have spent a lifetime of hard work to get. Younger people have less to lose and more to gain as you probably havent accumulated a lot of assets yet and like the idea of making some quick cash. The older people can solve their fear of losing big in the crypto by making small harmless bets and never speculating enough to put your future in jeopardy.

nwcoast · November 14, 2021 12:12AM

I agree with @Larrob37 and @ErrorsOnCoins on this.
Never speculate with more than you can afford to lose and it’s good to keep in mind that many older folks don’t necessarily have the cushion of time to make up for speculative losses like the young folds do.
Many are on fixed incomes with little, if any prospects for growth.
I’m in my mid-upper 60’s, and have dabbled in crypto currency’s- starting back five or so years ago.
I ONLY invested what I felt I could afford to lose at THAT time. The same applies to today!
-Even more so, as I’m no longer working two plus jobs and don’t have time to make up for possible devastating losses.

PerryHall · November 14, 2021 3:01AM

@moursund said:

@jmlanzaf said:

@moursund said:

@jmlanzaf said:

@moursund said:

@jmlanzaf said:

@moursund said:
I'd rather invest in what I know, and the crypto still seem more like speculation than investment. Of course, depending on how you think the markets are manipulated, even US equity indexes might seem risky in the long term... But that's where I keep my nest egg.

Definition of "speculation": high risk investment.

Isn't paying $1000 for a 1916-D dime AT BEST speculation?

It depends on whether you are expecting to realize a profit. Some people collect merely for the pride of ownership.

That's why I said "at best". It could also be "conspicuous consumption".

Dimes are fairy inconspicuous. Pan-pac pucks, maybe not so much. 😉

All the same size in a holder

.
.
.

Heh heh heh...

Anyone know what that coin weighs?

ricko · November 14, 2021 4:42AM

I have been following the 'crypto' currency for years... I find it interesting, though I have not ventured into the field. Just based on what I see, there could be difficult times ahead for the economy... and I see some sort of government regulation of crypto's in the future as well. Being a card carrying, certified 'old fart' myself, I have decided to stick with my known, proven and secure financial programs. Cheers, RickO

Ppp · November 14, 2021 5:01AM

I do not have an issue, actually I think it’s smart, with anyone buying a small percentage of their liquid net worth in speculative ventures.
I had many discussions with various 30 and 40 year olds that are 100% all in on crypto like Bitcoin. No stocks, etfs, index, mutual funds,real estate, cash,…. Etc just 100% crypto.
Yes, many have made tons of money but they refuse to take ant profits. What worries me is this group of people have the gamblers mentally and they are setting themselves up for a big fall. Hopefully, for their sake I am wrong but my age and battle scars from years of investing and gambling has taught me not to be overly greedy.
I hope it works out for them.

Onastone · November 14, 2021 5:53AM

@DoubleEagle59 said:

We're almost at a cashless society now.

Bitcoin ATM's are making purchasing paper wallets easier than ever. Funny how you can only purchase with cash.

Zoins · November 14, 2021 6:32AM

180mm in diameter and 28mm in width is insane.

When is the US Mint going to make something that big? We can call it a HALF DOLLAR

291fifth · November 14, 2021 6:33AM

After all this my attitude toward crypto has not changed. Have none, want none, accept none. It strikes me as nothing more than a long-running, unregulated financial scheme that is going to suffer the same fate as tulips in the 1600's or Ponzi victims in more recent years. When all a certain multi-billionaire has to do to affect the market is send out a twitter message to his "followers" you know you are in trouble.

Jzyskowski1 · November 14, 2021 6:52AM

Ponzi all the way. Sorry been there done that.

DoubleEagle59 · November 14, 2021 6:56AM

@Jzyskowski1 said:
Ponzi all the way. Sorry been there done that.

I totally agree with you.

But so is the US dollar (and every other fiat currency) and that keeps going too!!

cameonut2011 · November 14, 2021 6:58AM

@DoubleEagle59 said:

@Jzyskowski1 said:
Ponzi all the way. Sorry been there done that.

I totally agree with you.

But so is the US dollar (and every other fiat currency) and that keeps going too!!

I guess some hucksters are more reliable than others.

Downtown1974 · November 14, 2021 7:03AM

I don’t know enough about crypto to offer an opinion. It’s my lack of knowledge that keeps me from diving into the crypto pool. I’m content with the investments I’ve made thus far in life.

Jzyskowski1 · November 14, 2021 7:05AM

Fast money always seeks a haven or it tends to evaporate. 😎

keets · November 14, 2021 7:14AM

we are doomed as a Nation when "Investment" is valued over "Labor" in any form.

Along · November 14, 2021 7:32AM

There are over 14,000 different cryptos right now. I think that says it all. Unlimited supply!

Zoins · November 14, 2021 7:44AM

@CopperWire said:
I count three threads on the top page about "cryptocurrency" as the common misnomer is used by the general public.

We'll see more threads as PCGS is into this now:

PCGS Press Releases

World’s Most Valuable Numismatic Item, $48 Million Gold 1,000 Bitcoin Physical Coin, Submitted by GreatCollections to PCGS
PCGS SP70 Silver Lealana 0.1 Bitcoin Offered by Stack’s Bowers Galleries in Their November 2021 Showcase Auction

jmlanzaf · November 14, 2021 8:35AM

@291fifth said:
After all this my attitude toward crypto has not changed. Have none, want none, accept none. It strikes me as nothing more than a long-running, unregulated financial scheme that is going to suffer the same fate as tulips in the 1600's or Ponzi victims in more recent years. When all a certain multi-billionaire has to do to affect the market is send out a twitter message to his "followers" you know you are in trouble.

The same Twitter phenomenon has moved stocks. Your argument is not a crypto problem but a cult of personality problem.

The Reddit group moved silver futures earlier in the year with the same social media phenomenon.

Larrob37 · November 14, 2021 8:42AM

What strikes me as funny is older folks saying they know nothing about and have no desire to learn about or own crypto. That is their right and i respect that but its naive and being closed minded. Its like some younger people i know who dont invest at all in anything and keep their money under their pillow. They do so because they dont believe the stock market or real estate is a good long term investment even though we all know it is. They think the whole system is going to collapse. Kind of like how the older folks think about crypto. I have most of my fortune(lol) in boring long term stock investments but the most fun i have with money is playing the crypto daily with a small amount of my savings. Keeps me abreast of financial conditions of the world and lets me learn new financial ideas. I am retired and it gives me something to do that is actually productive.

moursund · November 14, 2021 8:59AM

@Larrob37 said:
What strikes me as funny is older folks saying they nothing about and have no desire to learn about or own crypto. That is their right and i respect that but its naive and being closed minded.

...
Oy! Show some respect! 😜

The old farts can't stop talking about crypto...

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