Happy Ending.......... (Friday)

[silverone]

I am starting to see a pattern on Most Fridays..
Still Bitcoin is Where it's at Dudes/Dudettes..

https://www.marketwatch.com/investin...?mod=home-page

[Kickabuck]

I am starting to see a pattern on Most Fridays..
Still Bitcoin is Where it's at Dudes/Dudettes..

https://www.marketwatch.com/investin...?mod=home-page

and one day servers creep in much like binance requiring usa binance, then poof!!! crypto is gone...

[silverone]

https://thefelderreport.com/2021/04/...ent-part-deux/

[BodieGhost]

I am starting to see a pattern on Most Fridays..
Still Bitcoin is Where it's at Dudes/Dudettes..

https://www.marketwatch.com/investin...?mod=home-page

Charlie Munger had some interesting words to say about Bitcoin yesterday. Should we listen to this veteran investor with well over 60 years of market experience? Or is he out of touch with the modern world?

https://www.msn.com/en-us/money/savi...cid=uxbndlbing

[Miteysquirrel]

Charlie Munger had some interesting words to say about Bitcoin yesterday. Should we listen to this veteran investor with well over 60 years of market experience? Or is he out of touch with the modern world?

https://www.msn.com/en-us/money/savi...cid=uxbndlbing

I agree with him, but maybe we ae just analogs in a digital world.

Must be like my grandfather when email came out...what?? You dont have to mail it?

It could go to a million a "coin" im still not interested in fairies.

But it IS the perfect time for this scam, where good is bad and up is down.

[silverone]

Charlie Munger had some interesting words to say about Bitcoin yesterday. Should we listen to this veteran investor with well over 60 years of market experience? Or is he out of touch with the modern world?

https://www.msn.com/en-us/money/savi...cid=uxbndlbing

I think it's NUTS.. (Bitcoin)
Already Trading Tonight at $58,060 u.s. Dollars + $1,070

[silverone]

DOW 34,704 from yesterday's close
When do we hit 50,000?

https://dailyreckoning.com/janet-yel...cs-the-market/

[Redrum]

In part from: https://www.cnbc.com/2021/05/07/bank...eir-money.html


'LONDON — Cryptocurrencies “have no intrinsic value” and people who invest in them should be prepared to lose all their money, Bank of England (BOE) Governor Andrew Bailey said Thursday.

Digital currencies like bitcoin, ether and even dogecoin have been on a tear this year, reminding some investors of the 2017 crypto bubble in which bitcoin blasted toward $20,000, only to sink as low as $3,122 a year later.

Asked at a press conference about the rising value of cryptocurrencies on Thursday, Bailey said: “They have no intrinsic value. That doesn’t mean to say people don’t put value on them, because they can have extrinsic value. But they have no intrinsic value.” “I’m going to say this very bluntly again,” he added. “Buy them only if you’re prepared to lose all your money.”

Bailey’s comments echoed a similar warning from the U.K.’s Financial Conduct Authority (FCA). “Investing in cryptoassets, or investments and lending linked to them, generally involves taking very high risks with investors’ money,” the financial services watchdog said in January. “If consumers invest in these types of product, they should be prepared to lose all their money.”

[silverone]

Ready to Quit Yet?
Take this job.. https://www.zerohedge.com/economics/...e-it-recession
And shove it..

[t00nces2]

In part from: https://www.cnbc.com/2021/05/07/bank...eir-money.html


'LONDON — Cryptocurrencies “have no intrinsic value” and people who invest in them should be prepared to lose all their money, Bank of England (BOE) Governor Andrew Bailey said Thursday.

Digital currencies like bitcoin, ether and even dogecoin have been on a tear this year, reminding some investors of the 2017 crypto bubble in which bitcoin blasted toward $20,000, only to sink as low as $3,122 a year later.

Asked at a press conference about the rising value of cryptocurrencies on Thursday, Bailey said: “They have no intrinsic value. That doesn’t mean to say people don’t put value on them, because they can have extrinsic value. But they have no intrinsic value.” “I’m going to say this very bluntly again,” he added. “Buy them only if you’re prepared to lose all your money.”

Bailey’s comments echoed a similar warning from the U.K.’s Financial Conduct Authority (FCA). “Investing in cryptoassets, or investments and lending linked to them, generally involves taking very high risks with investors’ money,” the financial services watchdog said in January. “If consumers invest in these types of product, they should be prepared to lose all their money.”

Hmmmm. Interesting. They act like a currency could never fail.... But it would have to fall to worthless..... That could only happen after an unbridled printing of money,... which would never happen. We would get a warning, say, like, transitory hyper-inflation. Surely we would hear something or see prices start to rise. Fiat is definitely the safer place to hodl value.