They're tanking. Too bad so many fell for it. I have friends who invested a bundle. Guess I'd better think about putting a food basket together for them for the holidays.
It reminds me of the gold rush several years ago...probably 2008/2009. Right wing media convinced right wingers to get out of the market and invest in gold. I had a client who was probably 70 or so. Her son liquidated her IRA for around $170K and invested in some foreign gold mutual fund. Lost at least $100K over the next 4-5 years. Really stupid. He used to come in with her and had Ron Paul stickers all over his car.
Remember the Thomas Nine !! (10/02/2018) The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago 2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy 2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE) 2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston 2020: Oakland, Oakland:2021: EV Ohana, Ohana, Ohana, Ohana 2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville 2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
It's a pain in the ass to try and get a "crypto wallet".
You need to jump through hoops to get into it.
If it gets easier to obtain a wallet then I'll throw money at it.
Maybe you should listen to yourself, might help you realize it's maybe not the best investment lol
If you throw a few hundred bucks and it takes off then great, if it doesn't I'll consider it a night at the casino.
I'm not throwing thousands at it!
Yeah, makes sense. Like my wife has often said, "Don't gamble more than you can afford to lose."
That said, I don't have enough confidence to gamble with cryptocurrencies. But I'm also a very conservative investor anyway.
It’s totally appropriate to be a conservative investor at this stage of your life, Brian, given that you are heading in to your retirement years. Have you always been one, though? I’m assuming by “conservative” you mean things like fixed income products vs equities, and not that you’re investing in Hobby Lobby
my small self... like a book amongst the many on a shelf
Well now, here's one interesting little feature of cryptocurrencies we haven't discussed (but do correct me if I missed something here), and that is the simple fact that mining cryptocurrencies is hugely bad for the planet. Huh? you say"
"Then there is the environment. Oil is a big offender. So is Bitcoin. [Cryptocurrency] Mining uses as much power as a small country, according to some estimates. Miners compete for limited coins, resulting in an arms race, and that power usage increases constantly and rapidly.
In China, which leads Bitcoin mining, 60% of energy comes from coal.
Even if mining uses clean power, it carries the opportunity cost of not
using said power for greener purposes, such as charging electric cars,
which replace fossil-fuel-guzzling vehicles."
Way to go, humans.
“The fear of death follows from the fear of life. A man [or woman] who lives fully is prepared to die at any time.”
Well now, here's one interesting little feature of cryptocurrencies we haven't discussed (but do correct me if I missed something here), and that is the simple fact that mining cryptocurrencies is hugely bad for the planet. Huh? you say"
"Then there is the environment. Oil is a big offender. So is Bitcoin. [Cryptocurrency] Mining uses as much power as a small country, according to some estimates. Miners compete for limited coins, resulting in an arms race, and that power usage increases constantly and rapidly.
In China, which leads Bitcoin mining, 60% of energy comes from coal.
Even if mining uses clean power, it carries the opportunity cost of not
using said power for greener purposes, such as charging electric cars,
which replace fossil-fuel-guzzling vehicles."
Way to go, humans.
You're correct here, Brian. Those bitcoin miners ended up descending on central Washington, near the Gorge, in Clark County where power was very cheap. A ton of data centers have been built and the power companies had to figure out different tier structures so that costs could be covered and residential customers wouldn't get screwed. But that bubble has burst. A massive bitcoin mining company, Giga Watt has now declared Chapter 11 and owes almost $1 million to the local power companies. Crazy stuff. https://www.coindesk.com/bankrupt-bitcoin-miner-giga-watt-forced-to-cease-daily-operations
"I'll use the magic word - let's just shut the fuck up, please." EV, 04/13/08
I'm fighting to stifle my desire to find this hilarious.
Oh my.
It says a lot about my lack of familiarity with cryptocurrencies that this problem didn’t occur to me. Now that I read it, it’s obvious. And it should have been obvious to the CEO of this company, and anyone else involved in this line of business. Or do they think it’s impossible that they could wind up injured, incapacitated, or dead in a freak event any day of the week?
Time for this industry to grow up a little.
my small self... like a book amongst the many on a shelf
I remember reading a different story like that. It was an investor that only had like $10K invested but he could not get his password to work to access his account. Shitty way to lose money.
Remember the Thomas Nine !! (10/02/2018) The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago 2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy 2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE) 2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston 2020: Oakland, Oakland:2021: EV Ohana, Ohana, Ohana, Ohana 2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville 2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana
I'm fighting to stifle my desire to find this hilarious.
Not funny to me - I'm sure this quite negatively impacts the local BC economy, not to mention the 115,000 customers who are screwed. The stupidity behind this is STUNNING though.
Post edited by PJ_Soul on
With all its sham, drudgery, and broken dreams, it is still a beautiful world. Be careful. Strive to be happy. ~ Desiderata
I'm fighting to stifle my desire to find this hilarious.
Not funny to me - I'm sure this quite negatively impacts the local BC economy, not to mention the 115,000 customers who are screwed. The stupidity behind this is STUNNING though.
That is a good point. I also have been trying to follow the money laundering going on at BC casinos. They need to get that stopped. I read they estimate a billion has been laundered at BC casinos if I remember correctly.
You know if any other group of Canadians lost $300M from a bank or other finance company, the govt would be freaking, responding and bailing them out but they just don't care when crypto people lose vast sums of money," tweeted Canadian lawyer Christine Duhaime. "It's not right."
Why should they be bailed out? We don't bail people out who gamble in the stock market or at the casino...tough.
You know if any other group of Canadians lost $300M from a bank or other finance company, the govt would be freaking, responding and bailing them out but they just don't care when crypto people lose vast sums of money," tweeted Canadian lawyer Christine Duhaime. "It's not right."
Why should they be bailed out? We don't bail people out who gamble in the stock market or at the casino...tough.
Comments
https://apple.news/AnTb8vW5_SXGjMOFzigWMuQ
Libtardaplorable©. And proud of it.
Brilliantati©
The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
2020: Oakland, Oakland: 2021: EV Ohana, Ohana, Ohana, Ohana
2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
You need to jump through hoops to get into it.
If it gets easier to obtain a wallet then I'll throw money at it.
I'm not throwing thousands at it!
https://apple.news/AmK96XJv-QmS3cKEQSExypw
Libtardaplorable©. And proud of it.
Brilliantati©
"Then there is the environment. Oil is a big offender. So is Bitcoin. [Cryptocurrency] Mining uses as much power as a small country, according to some estimates. Miners compete for limited coins, resulting in an arms race, and that power usage increases constantly and rapidly.
In China, which leads Bitcoin mining, 60% of energy comes from coal. Even if mining uses clean power, it carries the opportunity cost of not using said power for greener purposes, such as charging electric cars, which replace fossil-fuel-guzzling vehicles."
Way to go, humans.
https://www.coindesk.com/bankrupt-bitcoin-miner-giga-watt-forced-to-cease-daily-operations
I'm fighting to stifle my desire to find this hilarious.
It says a lot about my lack of familiarity with cryptocurrencies that this problem didn’t occur to me. Now that I read it, it’s obvious. And it should have been obvious to the CEO of this company, and anyone else involved in this line of business. Or do they think it’s impossible that they could wind up injured, incapacitated, or dead in a freak event any day of the week?
Time for this industry to grow up a little.
The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
2020: Oakland, Oakland: 2021: EV Ohana, Ohana, Ohana, Ohana
2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana
https://www.cbc.ca/news/canada/british-columbia/quadrigo-cryptocurrency-bitcoin-exchange-gerald-cotten-death-india-1.5002955?fbclid=IwAR04JtrQgllvlZWUxn0aNdVCCGvXzS5B6qJ1CZ4uYHNKcTRmu8yI9FKmvhk
Libtardaplorable©. And proud of it.
Brilliantati©
Libtardaplorable©. And proud of it.
Brilliantati©
https://www.cbc.ca/news/business/quadriga-bitcoin-bankruptcy-1.5004735?fbclid=IwAR2GRnsHLPrfH0fKnEI5LVbCmnMaz8OCO16FhLUQOIgA5hSEPDLp_2Aw-ls"
You know if any other group of Canadians lost $300M from a bank or other finance company, the govt would be freaking, responding and bailing them out but they just don't care when crypto people lose vast sums of money," tweeted Canadian lawyer Christine Duhaime. "It's not right."
Why should they be bailed out? We don't bail people out who gamble in the stock market or at the casino...tough.
I just wonder if he was cremated or encrypted?
Libtardaplorable©. And proud of it.
Brilliantati©