Crypto currencies 101.....for us neophytes.

[tejay]

BlackRock Teams Up With Coinbase in Crypto Market Expansion

BlackRock Inc. is partnering with Coinbase Global Inc. to make it easier for institutional investors to manage and trade Bitcoin, taking the world’s largest asset manager into a cryptocurrency market hammered by plunging prices and government investigations.

www.bloomberg.com

 

[BILTIT]

...

 

[2kDoo]

Thank God I bought that pound of Gold

 

[BILTIT]

?...

 

[lilduke]

Thank God I bought that pound of Gold

I like gold too. Hard to get across borders though...

 

[2kDoo]

I like gold too. Hard to get across borders though...

Peice of cake from the yukon, even came back with silver

 

[lilduke]

Peice of cake from the yukon, even came back with silver

I was thinking international borders. In the event I want to flee from Canada for some reason.

 

[2kDoo]

I was thinking international borders. In the event I want to flee from Canada for some reason.

After many hours of thought Alberia will always be my home. No flee here

 

[BILTIT]

...

 

[snopro]

So you guys follow this more than me obviously. When the next federal election hits you can be guaranteed 110% that the Turd will bring up Pollievre’s remarks earlier about escaping inflation by buying crypto. Obviously that was a poor remark the way I understand it. How does he dig himself out of his hole considering he was the opposition finance critic?

 

[niner]

Investors scramble to recoup money from 23-year-old 'Crypto King' who allegedly owes $35 million

A 23-year-old self-described 'Crypto King' from Ontario allegedly owes at least $35 million to investors but most of the money has disappeared.

toronto.ctvnews.ca

 

[BILTIT]

...

 

[lilduke]

So you guys follow this more than me obviously. When the next federal election hits you can be guaranteed 110% that the Turd will bring up Pollievre’s remarks earlier about escaping inflation by buying crypto. Obviously that was a poor remark the way I understand it. How does he dig himself out of his hole considering he was the opposition finance critic?

Well recommending highly volatile crypto currencies, that are meant to compete with government currencies, like the Canadian dollar, might not be the best move for a guy running for prime minister. Especially when it was at an all time high.

50, 80% crashes is normal for Bitcoin.
And most cryptos are complete trash.
You shouldnt be investing in it if you dont understand that.


When the dollar crashes by 50 or 80 percent in a year. That isnt normal though and people get pissed. They need to focus on that.

If we look over the past month though, bitcoin is flat and the Canadian dollar is down big time.

If we look at the past decade, bitcoin is up probably 10000000% and Cad dollar is down. Maybe if the guy was recommending it 5 or 10 years ago he'd have a leg to stand on.

If not hes just proving that he is yet another incompetent politician.

I can think of lots of people in the business world that would be better qualified to run the country's finances.

But these clowns are what we get.

 

[BILTIT]

...?

 

[S.W.A.T.]

Hows that fake money doing today?

 

[lilduke]

Hows that fake money doing today?

worth 23 000 canadian fake dollars today lmao

 

[S.W.A.T.]

worth 23 000 canadian fake dollars today lmao

Down from?

 

[lilduke]

Down from?

Depends on the time frame. If we look at this year its down, if we look at 10 years its up. If we look at today it is up 11% from yesterday....

What is your point?

 

[lilduke]

The stock market is down, precious metals are down, real estate is going down, used cars and sleds are going down....

Food and gas are going up lol

Could be years before that turns around.

Some might see that as a good thing. Depends if you are buying or selling....

 

[2kDoo]

The stock market is down, precious metals are down, real estate is going down, used cars and sleds are going down....

Food and gas are going up lol

Could be years before that turns around.

Some might see that as a good thing. Depends if you are buying or selling....

I wonder who still owns that garbage cielo stock hahaha