[mousepad]

Sure. And I can't imagine any other country on the planet needing immigrants worthy only of banana bending. Maybe some of those banana republics in Central and South America?

Don't worry. All of the West has a knack for importing uneducated and unskilled. The dumber you are, the easier to get in.

[AdamB]

Sure. And I can't imagine any other country on the planet needing immigrants worthy only of banana bending. Maybe some of those banana republics in Central and South America?

Don't worry. All of the West has a knack for importing uneducated and unskilled. The dumber you are, the easier to get in.

Sounds like Lucky is an absolute shoe in for anywhere then.

[vtsnowedin]

Bitcoin down to $19,345 as I type this.
An acquaintance sold out all of it he had at a tidy profit a while back.
There were and are some winners in all this but the ones holding it now are mostly not in that group and probably never will be.

[careinke]

Hi there,

The bitcoin blockchain has now operated 5,000 days, 24/7, with no stoppages, computer hacks, or crippling DNS attacks. I'm pretty sure NOTHING ELSE, using computers, have accomplished this to date.

Countries try in vain to control it, It crosses boarders with ease and cannot be stopped. Everyday more people trade their Fiat for real money. Money that is safe, and cannot be taken from you. Money that makes YOU your own bank.

Layer two protocols like lightning, allow instant transfer of funds, all around the world for penny's, using the Bitcoin Blockchain as the Layer One. Say goodbye Western Union.

I could go on. Instead, I'll point you to the book "The Uncommunist -Manifesto.
https://www.amazon.com/UnCommunist-Manifesto-Message-Responsibility-Liberty/dp/0578396300

It's a very short book (84 pages), and a third of it, is a definition of terms so everyone is talking the same language. But one of the tenants is money should be decentralized, politically neutral, and controlled by no one, especially politicians. Oh, and very little of the book is about Bitcoin. I think the "Bitcoin" word was used less than a dozen times. Although short, the book gave me lots to think about.

I bought more Bitcoin today to celebrate. I did have to pay more than the previous post.

Peace

[Doly]

Certainly New Zealand should be a step up, and they can just about swim from the mining camps to their if they had any gumption.

That sounds like a bit of exaggeration, don't you think? Besides, assuming they got a boat that got them to New Zealand, there's the question of whether the New Zealand authorities would let them stay.

[AdamB]

Certainly New Zealand should be a step up, and they can just about swim from the mining camps to their if they had any gumption.

That sounds like a bit of exaggeration, don't you think?

Well, having met citizens of both before, I'd have to say that Lucky brought down the average substantially of his side.

Besides, assuming they got a boat that got them to New Zealand, there's the question of whether the New Zealand authorities would let them stay.

Quite true. It isn't as though they need folks lacking skills and intelligence and who bent the knee so quickly to the Chinese, can you imagine what damage they could do to the gene pool if allowed in and they spawned with any deaf, dumb and blind locals who might have them?

[evilgenius]

I don't know why anyone would buy Bitcoin into the Fed's rate rising structure? You could chase the bottom, I guess? But once it bottoms and the Fed is done, it should be simple math the same the other way because of the interesting level of usual demand. I don't know if that level is mostly criminal, but it will probably become less so.

[theluckycountry]

Well it seems pretty clear now the dust is settling who the buyers were for cryptos big run-up. Chinese millionaires laundering money into Canada etc, and the institutional investors like Bankman Fried, Saylor, et el. So the question begs, who will be the impetus for another big run-up?

It's funny looking at the headlines over on Yahoos crypto pages, just the headlines, you wouldn't read any of the drivel.

Bitcoin, Ether prices edge up; Dogecoin rebounds after heavy losses
Bitcoin, Ether inch up; Dogecoin remains biggest loser in top 10 cryptos
Bitcoin slips, Ether inches up; Dogecoin leads rebound in top 10 cryptos
Tesla stock fall sinks crypto token dogecoin

This is all in the space of two days naturally. How delusional are these people, trying to make some sort of financial commentary on casino chips as though they were actually companies engaged in business.

[vtsnowedin]

It all remains rat position as it has no real value as the only thing you can do with it is sell it to someone more foolish then yourself.
A lot of fools and their money have been parted with this scam and it is an embarrassment the number of senior leaders of investment firms have fallen for it.

[theluckycountry]

The analogy of course is the dotcom bubble, though the recent collapse in tech sector is more akin to that disaster. The .coms were like a religion where all common sense analysis was tossed out the window in favor of "This is the future, buy now or you'll miss out forever"

It's interesting to see the list of imploded stocks, ones down 70%+ and the general carnage in Google; Apple, Amazon, Tesla and the rest of the mouse-pusher darlings. Amazon and Google have shed 2 Trillion dollars in market cap between them. 2T, and somehow I don't think it was lost by big corporations, more likely lost from 401k plans and the like.

[careinke]

Well it seems pretty clear now the dust is settling who the buyers were for cryptos big run-up. Chinese millionaires laundering money into Canada etc, and the institutional investors like Bankman Fried, Saylor, et el. So the question begs, who will be the impetus for another big run-up?

It's funny looking at the headlines over on Yahoos crypto pages, just the headlines, you wouldn't read any of the drivel.

Bitcoin, Ether prices edge up; Dogecoin rebounds after heavy losses
Bitcoin, Ether inch up; Dogecoin remains biggest loser in top 10 cryptos
Bitcoin slips, Ether inches up; Dogecoin leads rebound in top 10 cryptos
Tesla stock fall sinks crypto token dogecoin

This is all in the space of two days naturally. How delusional are these people, trying to make some sort of financial commentary on casino chips as though they were actually companies engaged in business.

You should look up "Click Bait." Everyone is doing it now.

Peace

[Plantagenet]

Well it seems pretty clear now the dust is settling who the buyers were for cryptos big run-up. Chinese millionaires laundering money into Canada etc, and the institutional investors like Bankman Fried, Saylor, et el.

There were over a million customers whose money was stolen at FTX by Bankman-Fraud.

The vast majority of these seem to be average American investors.

AND, thanks to the aggressive advertising campaign carried out by FTX, many of these were people of color who were scammed by Bankman-Fried.

Thats why its so maddening that Bankman-Fraud was released on what is effectively a two million dollar bond (only his parent's home was actually put into the bond) into home arrest at his parent's house. This clown stole billions of dollars from duped investors and he's being given preferential treatment????

Giving tens of millions of dollars in campaign donations to Joe Biden and the Ds is definitely paying off now for SBF!!!


Gots my crypto at FTX.....Ima gonna be RICH thanks to Sam Bankman-Fraud!!! Fortune favors the brave!!!

SHEESH!!!!!

[theluckycountry]

Well it seems pretty clear now the dust is settling who the buyers were for cryptos big run-up. Chinese millionaires laundering money into Canada etc, and the institutional investors like Bankman Fried, Saylor, et el.

There were over a million customers whose money was stolen at FTX by Bankman-Fraud.

The vast majority of these seem to be average American investors.

Well they would have lost most of it by that stage of the collapse anyway, so they lost the last 10 or 20% all in one go, perhaps they were lucky, they are out now and don't have to desperately watch their screens 10x a day wondering when the cryptos are gonna come back.

But seriously, what these bankman freuds, these maddoff's do, is inconsequential compared to the total lifelong financial rape that the federal government commits. How many people in america have worked all their lives paying taxes only to be retiring now with nothing but a puny SS pension. A pension I might add that will no doubt one day be revoked, or devalued into worthlessness by inflation. Then there are the millions with savings in the private pension systems, all at the mercy of Wall street types, of Elon Musk types who pump up their companies values only to sell out near the top leaving the small investor holding the bag.

Tesla is down 70% from it highs, who owns that garbage today? Pension funds I'll wager, They would have all rushed in over the last couple of years chasing the high returns to make themselves look good to the board and the bag holders. The whole financial industry is a stinking morass and bankman fraud is simply a single fleck in a huge tub of human excrement. I say human because we humans created it, and it grows and festers because we participate in it.

I don't though. Real estate, Cash, Gold and silver is where my wealth has gone for the last 20 years. The rest of the world can play games paper and digital games, I want what's mine and don't put it into the hands of any of these greedy snakes.

[Plantagenet]

....seriously, what these bankman freuds, these maddoff's do, is inconsequential compared to the total lifelong financial rape that the federal government commits.

Its pretty consequential to the million or so people who lost all their money at FTX.

How many people in america have worked all their lives paying taxes only to be retiring now with nothing but a puny SS pension. A pension I might add that will no doubt one day be revoked, or devalued into worthlessness by inflation. Then there are the millions with savings in the private pension systems, all at the mercy of Wall street types, of Elon Musk types who pump up their companies values only to sell out near the top leaving the small investor holding the bag.

You are right about that....but I wouldn't blame the "wall street types" or even Elon Musk for that. When it comes to inflation you have to put the blame on the federal government and in particular on Joe Biden and the Ds for their economic policies that have caused the current inflation that is impoverishing millions of people.

Tesla is down 70% from it highs, who owns that garbage today? Pension funds I'll wager,

Pension funds consist of accounts for regular folks....so actually it is regular folks being affected by the current stock market collapse. AND, there are many individual investors who own TESLA.....after all, it was one of the best growth stocks of the last decade.

The whole financial industry is a stinking morass and bankman fraud is simply a single fleck in a huge tub of human excrement. I say human because we humans created it, and it grows and festers because we participate in it.

You certainly are down on the financial industry.

In actuality there are good people and bad people in the financial industry----just like any other industry. Sam Bankman-Fraud is one of the really bad ones.

Real estate, Cash, Gold and silver is where my wealth has gone for the last 20 years. The rest of the world can play games paper and digital games, I want what's mine and don't put it into the hands of any of these greedy snakes.

Good for you. I'm glad you are happy with your own investment strategy.

However, other folks have different strategies and different ideas.....thats what make it all interesting.



Good luck to you.

Cheers!

[theluckycountry]

Good for you. I'm glad you are happy with your own investment strategy.

However, other folks have different strategies and different ideas.....thats what make it all interesting.

Well America has always been about the gamble, the hustle, and if you find it "interesting" to gamble with your future contentment then what can I say, each to his own. I for my part don't like to gamble with my future security. It's one thing for an entrepreneur to risk money and lose big, most have a nest egg set aside anyway. It's quite another matter when Joe six pack puts 10 years worth of savings into these "different strategies". When these "market based" strategies decline they wipe out a large portion of the life savings of average working people. That's not a risk they would have taken unless they were gulled into it by slick salesmen and a corrupt government that advocates market based retirement plans.

As I said, someone like Elon Muck can afford to take risks because a lot of the money he's risking is not even his own, it's the people investing in his Dreams. I have watched 'darling' investments come and go and some people got out in time but the vast majority simply woke up one day to discover the IT bubble had popped and their money was gone, the GFC had struck and the funds were locked. There is no secret to reliable wealth accumulation, the principles I employed have worked for thousands of years.

Bitcoin on the other hand has a decade of history, a roller-coaster history at that. It has gone from $60k to 16k in the last year and a half. That's a 73% loss of retirement savings. It doesn't matter that it's up a several thousand today, nor where it will be in two years, the simple fact is it's not a reliable store of wealth for retirement. The same applies to the stock market. People at age 70 don't want to be watching a computer screen every day trying to decide if they can buy a new this year. They just want to buy a new car. Unfortunately the vast majority of people are totally convinced that buying into different strategies is the only way forward. Get rich or bust investing.

[careinke]

So Lucky,

You want to restrict people from making their own decisions based on wealth. Worse, you want to direct what lower income people have to do with their money while the rich can continue to do what they want? Did I get that right?

I have never been forced to buy Bitcoin or any other asset, by anyone, have you? I certainly haven't been by Bitcoin as it is just numbers, not a real person.

Bitcoin has a known 4 year cycle with three positive years followed by a significant down year, based on the having cycle, and yes it is volatile. 2022 was a down year. The next three years will be up years significantly outperforming the last all time high. Chart out all the four year cycles together on a graph and you will note that each cycle has a higher high and a higher low than the previous cycle.

Contrast 2023 YTD yields of Bitcoin to the DOW, Nasdaq, SP500, real estate, etc. You will find BTC has outperformed them all.

Plus the government can not steal it from you.

Peace

[theluckycountry]

So Lucky,

You want to restrict people from making their own decisions based on wealth. Worse, you want to direct what lower income people have to do with their money while the rich can continue to do what they want? Did I get that right?

No! You couldn't have gotten it more wrong. I would like to see people freed from the lure of wallstreet scams, which if you haven't noticed, is exactly what Bitcoin is. Whatever bitcoin began as it has been captured by wallstreet and now it's future depends on government regulation and the whims of Big traders.

I have never been forced to buy Bitcoin or any other asset

Of course not, why even say such a silly thing? The simple truth is you were lured into it, because of the Hype, you thought you could get rich without having to work for the money. I'm sorry careinke but that's not how the world works. The money you put into these schemes is what makes the Rich, Richer. You play straight into their hands when you fall for these investment scams.

Bitcoin has a known 4 year cycle with three positive...

Bitcoin has a 10 year history and you want to predict it for the next three based on cycles lol lol. It's pointless to try and predict anything with Bitcoin. It's last runup was due to Chinese money laundering into Canada as much as it was big institutional investors like Saylor (wall street) buying big and spruking it far and wide. Saylor has lost his mind now, he's blabbering on about Bitcoin being a commodity and saving the world. This is the man who a decade and more ago lost 6 billion in a single day.

Bubble boy

[noobtube]

People still believe in crypto-scams.

The United States is full of so many scams as the energy depletes.

I guess it's the belief of 'exceptionalism' that something will save their 'way of life' of being a parasite on the rest of the world.

You have the electric car scam with the foreigner nut-job Elon Musk.
You have Wework with the scammer Andy Neumann.
You have Nikola with the scammer Trevor Milton.
You have Theranos with the scammer Elizabeth Holmes.
You have FTX which was a scam based on a scam Sam Bankman-Fried.

All that productive wealth destroyed because dummies want to believe they can get something for nothing.

The country built skyscrapers, arenas, and stadiums with a negative real value, while housing rents are going through the roof. Whine about crime, while putting people out of work. Then think if you play the real estate game, or stock market game, or the crypto game, somehow you can beat the system and be one of the rare lucky winners.

The United States has become a casino economy and bitcorn and the rest of this garbage are just a manifestation of the lunacy.

[AdamB]

The United States has become a casino economy and bitcorn and the rest of this garbage are just a manifestation of the lunacy.

Down with 'Murika!

If only....there was any other alternative, when it comes to wackos, offset by quite the boatload of exceptional folks, and and there is the economy...did someone think it is largest in the world maybe, and then we feed big chunks of the world with agriculture exports beyond the pale...but...there is that military prowess thing, which comes in handy, and then there is the America with more oil and and natural gas production than anyone else (Saudi America...HOO RAH!) and then as the world's largest exporter of LNG that helped keep Europe going this past winter....oops...and then there are some folks who fall for bitcoin...yup. Oh well. I guess Murika can't be the biggest and best at everything, and certainly our educational system has issues, to not warn enough of the younger gullible folks about things like made up securities or energy exchange items or whatever.

Maybe a dash of lunacy isn't a bad thing? Ukraine sure wouldn't mind some extra "American lunacy" on their side right now, the Russkies are doing so poorly I'm about ready to add them to the list of foreign armies that can be brought down by various American militia/armed groups. For Canada we can use VT and his buddies, maybe all the deer hunters in Texas would be enough to push the Russkies out of Ukraine?

[noobtube]

The United States has become a casino economy and bitcorn and the rest of this garbage are just a manifestation of the lunacy.

Down with 'Murika!

If only....there was any other alternative, when it comes to wackos, offset by quite the boatload of exceptional folks, and and there is the economy...did someone think it is largest in the world maybe, and then we feed big chunks of the world with agriculture exports beyond the pale...but...there is that military prowess thing, which comes in handy, and then there is the America with more oil and and natural gas production than anyone else (Saudi America...HOO RAH!) and then as the world's largest exporter of LNG that helped keep Europe going this past winter....oops...and then there are some folks who fall for bitcoin...yup. Oh well. I guess Murika can't be the biggest and best at everything, and certainly our educational system has issues, to not warn enough of the younger gullible folks about things like made up securities or energy exchange items or whatever.

Maybe a dash of lunacy isn't a bad thing? Ukraine sure wouldn't mind some extra "American lunacy" on their side right now, the Russkies are doing so poorly I'm about ready to add them to the list of foreign armies that can be brought down by various American militia/armed groups. For Canada we can use VT and his buddies, maybe all the deer hunters in Texas would be enough to push the Russkies out of Ukraine?

Can't tell if you are being sarcastic.

What with America feeding the world with food shortages everywhere, AND sky-high food inflation.
Then there is that United States military that loses every fight they start.
Then there is the edu-ma-cation system that can't seem to produce enough skilled workers for all the imaginary jobs that supposedly exist in these money-losing tech companies.
Then there is all that natural gas in the United States that caused prices to skyrocket 100% in California (I think they are still part of the United States).
And, of course, all of the so-called United States oil abundance that still has diesel prices near 2022 summer highs.
Germany is probably thanking the United States as I type this for blowing up Nord Stream and stopping all that imaginary natural gas coming from Russia.

Then again, I guess that is what lunacy and 'exceptionalism' and bitcorn gets you.

But don't let me sound ungrateful. I'm glad there are so many masses of stupid, lazy, entitled, hard-headed idiots out there who buy totally worthless trash (like crypto-garbage). That makes the real stuff cheap enough for me to buy. So, salute to those "exceptionalist" idiots for giving me the chance to get the good stuff cheap.