no crypto or NFT?You probably should. I’ve moved my entire portfolio to China plays.
***please don't answer my rhetorical question
no crypto or NFT?You probably should. I’ve moved my entire portfolio to China plays.
no crypto or NFT?
***please don't answer my rhetorical question
Sink everything you have into doge and shiba inu. You’ll be a millionaire!! HahaBuying as much Tyrese Kings top shots as I can. I’m kidding, btw.
Sink everything you have into doge and shiba inu. You’ll be a millionaire!! Haha
I’ve been out of cryptos since last summer. Regulations are coming this year and I think one of their main selling points (the yield on cryptos) will compress as regulators demand price transparency across exchanges.
I think he's being sarcastic.
Hope no one got hurt by the Luna/UST carnage.
https://www.coindesk.com/markets/2022/05/11/terras-luna-drops-to-under-8-after-90-weekly-plunge/
Had to doublecheck my portfolio yesterday and was relieved that I had LINK and not LUNA.
Also pulled my money off of USDT and USDC. Hurts losing the 9% interest rate but no reason to risk it right now for a hundred bucks a month.
Nice. I've been telling buddies to avoid stablecoins since last fall. It just didn't make sense. Earn 20% on an investment that is supposed to be a cash equivalent in a low interest rate world? Only way that's possible is fraud (Ponzi), crazy risk that is inappropriate for a dollar proxy (you get 20% interest only if someone else can borrow it and get 40%), or rehypothecation (essentially double counting).
Thought at some point a stable coin would break the buck. Looks like UST is the winner.
Yep and I'm curious to see what happens with the big dogs in USDT and USDC.
Sold all my longs in the stock market other than high dividend paying stocks like AT&T that march to the beat of their own drum. Been shorting everything lately. Carvana has been very lucrative. Do you think we're due for a big dead cat bounce here soon?
Yep and I'm curious to see what happens with the big dogs in USDT and USDC.
Sold all my longs in the stock market other than high dividend paying stocks like AT&T that march to the beat of their own drum. Been shorting everything lately. Carvana has been very lucrative. Do you think we're due for a big dead cat bounce here soon?
Deadcat in obliterated growth plays.
I forgot to close out my short on Carvana before yesterday morning and got absolutely wrecked. All my gains over the last week were gone in an hour.
Man, that sucks. Ugh.
Hopefully you're doing better than me.
Coinbase Shares Poor Earnings and Warns That Bankruptcy Could Wipe User Funds (msn.com)
It's the wild west out there, folks. Don't play around with anything you can't afford to have disappear, just like at a casino.
Banks and credit unions have, as you indicated, FDIC insurance to cover at least some minimum amount of savings in their accounts. Stocks and bonds (in quality companies) generally perform well over time and are subject to pricing swings but I don't think that an investment in, say, the S&P 500 is going to vanish overnight (as hundreds of millions of $$$ in crypto has before, and likely will again, from outright fraud or theft). The article I linked indicates that crypto owners through Coinbase could lose everything with no compensation.The warning is more perception than reality. Banks are subject to the same issue. Coin, banks and others have to report customer holdings as assets (cryptos, your CDs), which are then offset as liabilities on the balance sheet. This is where FDIC insurance comes in. Depending on how things are structured, Coin and others can provide FDIC insurance.
That said, I do have a short position on Coin. Temporary short via some Put options.
Banks and credit unions have, as you indicated, FDIC insurance to cover at least some minimum amount of savings in their accounts. Stocks and bonds (in quality companies) generally perform well over time and are subject to pricing swings but I don't think that an investment in, say, the S&P 500 is going to vanish overnight (as hundreds of millions of $$$ in crypto has before, and likely will again, from outright fraud or theft). The article I linked indicates that crypto owners through Coinbase could lose everything with no compensation.
While it may be "more perception than reality" in your eyes, my only warning for others is to take those events and warnings seriously and don't invest your life savings in something like crypto or NFTs unless you like "living on the edge" financially. Nothing there has any value or backing to it in the real world....don't "play" with something you can't handle losing.
I feel bad for anyone having to fly Ryanair. Even crypto bros, surprisingly.
Pretty much…View attachment 11088
Bitcoin plunges as major crypto lender halts operations
https://www.abc10.com/article/news/...BT7c2_NTJFWkKnY&fs=e&s=cl#l4e6o7s1g3d0f8l8tc7