It is going to draw a lot of people into investing in something they do not understand.
Or do not know where to keep their holdings safely
Quote:
Originally Posted by rsot
(Post 1261847)
Define your understanding of "leverage" agent - many ways of using this term
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80% DEBT,20% EQUITY=CAPITAL STRUCTURE.
I have not look into who are their lenders?
If the mining companies pledged their gold mines,the lenders can always seize them.
Gold is trying to tell us something.it goes up every day/
Investing sentiments have changed, investors are going back to safer type of investment-gold has been around for thousand of years and universally accepted as a store of value.
Central banks are adding gold to reserves,not US dollars.
Silver is the next hot investment !
Take profit in your cryptos and invest in something you can hold in your hands
$91,646 RIGHT NOW,get out,it is going lower.
Quote:
Originally Posted by SaiJin
(Post 1263022)
Yea? What makes you say that? Based on what info?
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investing sentiments have changed,they want something they trust,something they can hold in their hands,something which does not lose buying power ,something which cannot be sanctioned/confiscated/restricted ,they dont want someone to lock up their money-The EU has frozen approximately €210 billion in Russian central bank assets since Moscow invaded Ukraine in 2022.
China is not going to buy our Treasury instruments or US $ if they invade Taiwan,some do not want our US debt as it surpasses our annual GDP,we run a huge deficit.
Some large whales may have to liquidate their BItcoin holdings to pay bills,to spend or they find something more attractive than Bitcoin.
Gold and silver have a long history of being store of value,but Bitcoin?
Bitcoin is also too volatile to function as a currency?
Figure,you go and pay for a loaf of bread with Bitcoin,it could vary from the time you place it in your shopping cart to the time you check out?
This may sound rather petty,but I have yet to see any grocery store accepting Bitcoin,have you?May be in Ecuador?
I dont have any specific information on cryptos,but I follow other markets-gold,silver,bond,stock,real estate,copper.
All cryptos so far are just trading vehicles.
I just heard that there was a software glitch,some stable coin backed by US dollar,that dollar fell to 66 cents instead of $1,this triggers automatic selling by some software programs.
the guy who said that is Tom Lee,who is a fund manager,may be you can google and find out more/
Others disagree.who knows ?
Tom Lee's fund is sitting on 3.6 Billion in unrealized losses on his Etherium position.
In the past,he is always right,but not now !
https://finance.yahoo.com/news/msci-...235616226.html
It is coming from Tom Lee,but if you do a search,you will find someone talking about it on Reddit.
https://www.msn.com/en-us/money/news...ng/vi-AA1QPUEZ
But some have doubts about it,as it has been falling for days,
Hi fund is now sitting on huge loss.
As for MSTR-
https://finance.yahoo.com/news/msci-...235616226.html
There is something going on with Google search-
I search for Tom Lee loss,it shows up ,then hours later I search again for the same ,I cannot find it,it was way down on the third page.
BMNR is now up,ethereum is up 18 points
more institutions big money participation should push the price up.
It is my understanding it has already reached that with Morgan Stanley and Goldman Sach
So are all the world currencies,they are IOU from our inept,irresponsible,incompetent governments,thats why we are running to gold so we can hide them in our mattress so IRS cannot tax us !
Quote:
Originally Posted by rsot
(Post 1264764)
So how much gold or silver you have hidden in your mattress agent?
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Not much,I cant afford to buy gold at today spot price,just try to hold on to what I have.
For coins and bars(silver or gold),do not sell on EBay,sell to precious metal dealers,they pay you with a check,no cc fee,no FVF and no dispute.
Quote:
Originally Posted by rsot
(Post 1264808)
But if you're buying now, how are you selling for profit?
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thats a strange question ,if you buy now,then you sell when prices go up.
if you must sell on Ebay,then you must take ebay fees into consideration.
I see many Ebay buyers bidding on scrap gold lot,they either break them up and sell them for price of gold goes up. or send them to a refinery
You can just search scrap gold lot and you see all the listings have multiple bids.
solid gold,goldfill,even goldplated !
Be careful,Bitcoin could fall to $65,000.
Quote:
Originally Posted by rsot
(Post 1264918)
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I posted it before it fell to $65K.
Now it is $69,423,it is just a matter of time it falls below $60K
Looks like MARA is not the only one selling Bitcoins to pay down debt,it sold some in March,it will keep selling !
Quote:
Originally Posted by slokor
(Post 1265089)
Always delightful to hear predictions from this Douche.
Agent - if youre so certain of your prediction WHY do you NEVER put your money on it? Its simple enough to short anything these days. So share with us how much you put on this and how much you stand to gain when this 'definitely' happens.
Dumba$$.
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You are a lousy trader,a good one never get emotional and never insult anyone you hardly know
living in mother's basement,your observation/perception is so poor,you should quit this forum.
What if I tell you I am an 1000 years old Egptian mummy,are you going to curse me ?
Quote:
Originally Posted by slokor
(Post 1266281)
LOL!
Responding to a post I made months ago? How sad and pathetic is your life?
As for me being a bad trader... just ask around the forum. Ask the older members about what I said years ago and how I did things when it comes to Crypto.
There's a reason I retired in 2021. And there's a reason you still live in your mom's basement...
My advice to you - get a life. And stop offering advice when you yourself will never act on it. Loser.
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I have no interest in asking this forum,they are just as clueless as you are !
