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My bitcoin has been going nutssssssss! Up 70% in the last month and almost 1000% this year! Gimme the loot baby!    Edit: when bitcoin was first developed I started mining it and had al

Meanwhile in NFT land...    

The first rule of crossfit/Crypto: always talk about crossfit/crypto

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3 hours ago, OILERMAN said:

 

 

The writing is on the wall - cyrptocurrency is a farce. 

It did the opposite of being a sound financial instrument.  Over the last week, the world financial community has been concerned about the Evergrande's 100 billion US dollar default risk.  Many hedges, for example gold and silver, increased in value but bitcoin fell over 12% with no recovery.   For comparison, overall US Stock market fell by less than 3% and has recovered much of that.

 

If cyrptocurrency takes a big hit during a possible financial market problem, it is certainly not a hedge of any kind.  it has no value for anything and is only a speculative bubble. 

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11 hours ago, 9 Nines said:

 

The writing is on the wall - cyrptocurrency is a farce. 

It did the opposite of being a sound financial instrument.  Over the last week, the world financial community has been concerned about the Evergrande's 100 billion US dollar default risk.  Many hedges, for example gold and silver, increased in value but bitcoin fell over 12% with no recovery.   For comparison, overall US Stock market fell by less than 3% and has recovered much of that.

 

If cyrptocurrency takes a big hit during a possible financial market problem, it is certainly not a hedge of any kind.  it has no value for anything and is only a speculative bubble. 

 

you geezers.. no recovery? lol...

 

 

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@OILERMAN

“China’s central bank said all cryptocurrency-related transactions are illegal, reinforcing the country’s tough stance against digital rivals to government-issued money,” the Wall Street Journal reports.

"If China catches you using bitcoin, you get sentenced to two years on the blockchain gang."

Edited by 9 Nines
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If a cold-call investment adviser called you to say, "I have the best investment ever" adding,  "it has less intrinsic value than a pet rock and less cute, and it is outlawed in China" would you be polite letting the adviser finish or would you hang up before that?

Edited by 9 Nines
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On 9/25/2021 at 3:15 PM, 9 Nines said:

If a cold-call investment adviser called you to say, "I have the best investment ever" adding,  "it has less intrinsic value than a pet rock and less cute, and it is outlawed in China" would you be polite letting the adviser finish or would you hang up before that?

I pretty much want most of what China outlaws. 

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On 9/25/2021 at 3:15 PM, 9 Nines said:

If a cold-call investment adviser called you to say, "I have the best investment ever" adding,  "it has less intrinsic value than a pet rock and less cute, and it is outlawed in China" would you be polite letting the adviser finish or would you hang up before that?

 

I bet if we were to look at the label protruding from your 'butthole' it would say "Made In China".

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