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  • jaded
    replied
    Originally posted by markusmod View Post

    I just saw post 82 just fine, on page 9.
    OK...thx. Must be FireFox security settings blocking twitter. I see the tweets when I post them but they disappear after that.

    **EDIT** Hmmm... that link is dead now anyways.
    Last edited by jaded; 04-29-2021, 03:46 AM.

    Leave a comment:


  • markusmod
    replied
    Originally posted by jaded View Post

    Yeah...I posted a tweet about that (post 82...although I can't see that tweet anymore which might have something to do with my browser or this site?). In any event here the link to the tweet...

    https://twitter.com/Fxhedgers/status...11847144730626

    Another reason is it seems that Elon Musk sold much of his Bitcoin and is now flogging Dogecoin...at least that's my take. Apparently Tesla's latest and impressive earnings report has less to do with auto sales (which are not really as good as thought to have been) and more to do with crypto profits and sales of environmental credits.

    https://www.bbc.com/news/business-56897457

    His recent huge purchase of Bitcoin caused a quick rise and then he cashed in and caused a drop. Now he's talking up Dogecoin so I'm guessing he's doing the same smoke and mirrors trick with that.

    .
    I just saw post 82 just fine, on page 9.

    Leave a comment:


  • jaded
    replied
    Originally posted by markusmod View Post

    I thought the drop was due to the announcement regarding hug investigations into banks funneling illegal money through crypto.
    Yeah...I posted a tweet about that (post 82...although I can't see that tweet anymore which might have something to do with my browser or this site?). In any event here the link to the tweet...

    https://twitter.com/Fxhedgers/status...11847144730626

    Another reason is it seems that Elon Musk sold much of his Bitcoin and is now flogging Dogecoin...at least that's my take. Apparently Tesla's latest and impressive earnings report has less to do with auto sales (which are not really as good as thought to have been) and more to do with crypto profits and sales of environmental credits.

    https://www.bbc.com/news/business-56897457

    His recent huge purchase of Bitcoin caused a quick rise and then he cashed in and caused a drop. Now he's talking up Dogecoin so I'm guessing he's doing the same smoke and mirrors trick with that.

    .

    Leave a comment:


  • markusmod
    replied
    Originally posted by jaded View Post

    I'm pretty sure that was a big part of the reason for last week's crypto drop in value...let's see how this week goes. But you're right and there is plenty to be scared about these days. Biden's pending 43.4 percent levy on capital gains/a highly over-valued stock market/imminent inflation with a looming hike in interest rates. Proceed with extreme caution. My plan is to stay liquid and buy the dips (S&P & CDN Index funds) and quickly sell for conservative gains as the opportunities arise. I don't trust the present climate at all.
    I thought the drop was due to the announcement regarding hug investigations into banks funneling illegal money through crypto.

    Leave a comment:


  • GhostofDempsey
    replied
    Biden appointed Janet Yellen wants to raise crypto taxes to 80%!!!

    80% Crypto Capital Gains Tax?

    Treasury Secretary Janet Yellen has called Bitcoin a 'highly speculative asset" and proposed a capital gains tax as high as 80% for crypto trading.

    Biden is expected to propose raising the Federal capital gains tax to 43.4% from the current top rate of 23.8%. That's an increase of 82.35%.

    Bloomberg News reported that Biden will propose taxing capital gains for those who earn more than $1 million at the personal income tax rate, which he seeks to increase to 39.6% from 36%.

    Including the 3.8% ObamaCare tax on investment, the new rate would be 43.4%.

    But that's just the Federal tax rate.

    Including California's 13.3% capital gains tax rate and New York's 11.85% hit, plus a 3.88% tax bite in New York City, and the new rate would climb close to 60% in those states.

    https://www.newsweek.com/joe-bidens-...mbling-1586088


    Leave a comment:


  • YoungManRumble
    replied
    My friend got me doing all this stuff in some moonrats.finance site swapping **** and collecting BNB token. Feels like borderline inside trading whatever he's trying to get me to do. He sent me .7 BNB and I didn't even realize until later that's like $450 CAD Lol... Then he told me I can trade it in binance for TRX to gamble with and I just said "why don't you just give me a heroin needle instead" as I quit betting a few months back... He's trying to help me out in this world but damn is he a bad influence sometimes...

    Leave a comment:


  • b morph
    replied
    I’ve heard some say to stay away from crypto because it isn’t backed by anything. It’s essentially a currency, which isn’t widely accepted by any one nation or nations, like the Euro. Still so new that there’s no telling what will really happen to it in the future and there’s no real long term track record going back decades. Plus, all these new coins pop out of everywhere from nothing it looks like. I don’t trust it really. Not long term anyways.

    At least with stocks or portfolios, they’re backed by companies and industries which produce real products and services. Plus, with these funds and stocks, you have a long history you can track and see how well it has done and make a rough estimate of what you can expect long term. Obviously, no one had a crystal ball and no one knows what the future holds, but I think crypto is too unstable. I wouldn’t put a lot in it, if anything.

    Leave a comment:


  • abracada
    replied
    Originally posted by jaded View Post

    I'm pretty sure that was a big part of the reason for last week's crypto drop in value...let's see how this week goes. But you're right and there is plenty to be scared about these days. Biden's pending 43.4 percent levy on capital gains/a highly over-valued stock market/imminent inflation with a looming hike in interest rates. Proceed with extreme caution. My plan is to stay liquid and buy the dips (S&P & CDN Index funds) and quickly sell for conservative gains as the opportunities arise. I don't trust the present climate at all.
    Most my investments are in index trackers, and shares. Less than 1% are in crypto

    Leave a comment:


  • jaded
    replied
    Originally posted by markusmod View Post

    These are the things that scare me away from investing.
    I'm pretty sure that was a big part of the reason for last week's crypto drop in value...let's see how this week goes. But you're right and there is plenty to be scared about these days. Biden's pending 43.4 percent levy on capital gains/a highly over-valued stock market/imminent inflation with a looming hike in interest rates. Proceed with extreme caution. My plan is to stay liquid and buy the dips (S&P & CDN Index funds) and quickly sell for conservative gains as the opportunities arise. I don't trust the present climate at all.

    Leave a comment:


  • markusmod
    replied
    Originally posted by jaded View Post
    https://www.coindesk.com/turkish-sta...eo-disappeared


    The CEO of Turkish crypto exchange Thodex has gone missing at a time when users filed a complaint alleging hundreds of million of dollars have been stolen.


    Mehmet, 34, noticed Wednesday the Turkish cryptocurrency exchange Thodex was no longer accessible; an error message was flashing across his screen. Panicking, he tried to access Thodex’s main website and found a troubling message: Thodex had halted all transactions in order to evaluate an unspecified partnership offer. The process would take about four to five business days, it continued, adding that users would be regularly updated.


    Before shutting down transactions, Thodex was trading more than $585 million in cryptocurrencies on its exchange, according to data from CoinMarketCap. A spokesperson for the data site told CoinDesk the exchange stopped providing trading data around 17:00 UTC (1 p.m. ET) on April 20.





    These are the things that scare me away from investing.

    Leave a comment:

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