I’m not buying any SHITCOINS today because I want to wait until the volume is greater on Monday; but this is certainly a level worth exploring. My primary reason for wanting to buy here is due to the fact that all of the HODLers have been wiped the fuck out. Many of these people have been stuffed into bongs and smoked out of their shitcoins — back into dollars. It is a reasonable proposition to take their shitcoins away from them now and summarily kick them down a flight of hard stairs.
For now, I’m sticking with my favorites: ETH, STORJ, INS, and ELF.
Truth be told, I don’t have any true rationale for buying into the asset class, other than price action coupled with an ignorant faith. But I’ve allocated assets for lesser reasons and at the end of the day — this is merely speculation.
One last thing before I venture off into my Saturday, who’s buying a REIT down here? You can’t possibly believe rates are going to rise, appreciably, from present levels. That being said, they are the worst performers of 2017. This is a sector that has been impugned before and always seems to come back and reward investors for having faith.
Wouldn’t touch it. None of it…cuz if the market goes down (and I am not saying it will) but there is still lots or room down below and players will be liquidating shitcoins to cover their margin debt:
https://tinyurl.com/y8opwca8
That’s fine. I would never waste my time buying physical gold either. If the financial system collapses, barter will be more valuable than meaningless gold bars.
Sorry, my bad. I did not realize gold was not a commodity…just a worthless, valueless pet rock. My apologies.
barter
[bahr-ter]
verb (used without object)
1.
to trade by exchange of commodities rather than by the use of money.
verb (used with object)
2.
to exchange in trade, as one commodity for another; trade.
Good luck trading your gold for rifles, ammunition, and food when all of it is in scarce supply.
Thank you for your valuable input but I’ve already got all those, as any prepper would. Nevertheless, it would appear that countries under international sanction,i.e. Iran, are/were able to get pretty much everything for their gold on the black market. How come….? Did they need luck…?
Because the world financial markets haven’t collapsed.
oh, sorry, must be my lack of critical thinking. I think i got it now. Gold is of some use (i.e. jewelry, commodity, store of value, trading, collateral…) for as long as we use FED’s confetti. Once the fin. system collapses, gold loses its value and function as a commodity used in barter. It becomes worthless. A gold ring cannot be exchanged for a bag of potatoes, impossible to exchange a gold coin for ammunition, … Is that it?
I’m with you on gold, but Maples?
I’d knock $200 off each coin just for having to stare at The Queen’s mug.
I buy at kitco and elsewhere whatever on special (reduced premiums). I got philharmonic, krugs, eagles, kangaroos, pandas, maples,… same in silver. while an ounce is an ounce, black markets may prefer one over the other. who knows? i dont.
Bought more EOS, STORJ and started XVG.
https://m.facebook.com/story.php?story_fbid=284290405432367&id=278261132701961&refsrc=https://m.facebook.com/coinigence/videos/284290405432367/&_rdr
Picked up some more LTC at $104. Watch this one
bought a Raspberry Pi to check out Sia and Storj cloud hosting (renting a drive). I have to say, it’s not all that easy. In fact it’s downright painful and not profitable. Not sure why anybody would bother at this time.
Not to say I don’t love the idea. I do
While Sia has an actual image called Sia-berry that appears to work.. getting coins and this concept of “collateral” for not having your uptime is nuts. I can’t figure it out yet but if I have an 8TB drive, people are saying I need about 50,000 Siacoins as collateral to be on the safe side? What? $1300 in Siacoins to farm out my 8TB? Confusing.
Storj has a better website and such but building a farm on a non-windows/mac like the Raspberry is uber-painful. Downright for people who understand linux pretty darn good.
Needless to say, I don’t see this taking away any market share from Amazon, Google or Microsoft. If you want a zero knowledge privacy type storage option that’s actually cheaper, Mega works better. So does Sync.com
Cutting edge stuff. Really neat. But not worth the time unless you are seriously invested in the concept.
Thanks for turning me onto this Fly. Been kinda a neat Saturday.
I don’t know if I would trust my files on Mega, which is owned by a crook. And that is the problem with cloud storage. I don’t trust google drive either, as I’m sure they go through the files and index them just because they can.
I think I’ll stick with my own NAS drives for now.
Buy bitcoin? You mean another imaginary asset like inverse volatility?
Yo Sarc, watch this week’s Bill Mahar’s Real Time. You’ll enjoy Mahar and CFR’s Haas talk about who lovingly welcomes immigrants …all to the applause of the dumbest TV audience in history.
Is this it?
https://tinyurl.com/ya49jx3a
I’ll watch it if it can be downloaded … I dont have a tee vee
Yup. That’s the one.
Now don’t let these racist professional dissemblers trigger you to be like them.
Truth, not reaction.
I think it’s wise to start a position around here if one ever wishes to do so. Some people buy altcoins to cash out to fiat at a later date, I’m not one of those. I believe putting 1-5% maybe even 10% of your net worth into this market. If it moons you’re laughing, if it tanks well it’s merely a flesh wound.
You need BTC to trade into almost anything, that or ETH. On coinmarketcap.com, change it from say USD to BTC and you can see how everything is doing compared to BTC. Lately, there has been heinous loses in the sector mainly because BTC has been getting crushed. So if you have a shitcoin that is only down 3% but BTC is down 12% it shows as being down 15%.
One day I will exchange crypto for things I want, never fiat though.
I like Litecoin and Monero (which might be forming an alliance btw to give LTC access to Monero’s fungibility and Monero access to Litecoin’s liquidity via atomic swaps). I also like NEO which is dubbed the Chinese Ethereum, heck anything coming from Asia is hot as it’s one of the biggest markets. Also it’s a big holiday in Asia right now, the lunar new year or something. Once it’s over and people are done cashing out to buy meaningless gifts again I believe the Asians will begin getting back into it aggressively.
End of the day, at the moment most of your wealth is just numbers stored in a centralized system controlled by people. Why not start putting some into a decentralized system? That or land of course, land is always good if you abide by the number one rule of location, location, location.
Also worth checking out is onchainfx.com and cointelegraph.com.
Shitcoins know no borders or genders or animals. They are diversity and love and peace. Shitcoins are whatever they want to be.
Ironbird, channeling the Tao of Shitcoins? Who knew?
~We are not worthy~…~We are not worthy~
{All kneeling}
If you are an expert momo trader like the Fly
then trade. Just understand during frenzied moves he thinks quicker than you.
As far as Reits go, it’s important to note America has 40% more stores
per capita than the rest of the world. Boomers have most of what they need
and millenials are not that interested in stuff
Rental apartments are still strong ,but when the anti immigration movement
starts to bite watch the vacancies pile up. Tourism is down 4% and if
this continues more vacancies.
To sum up I wouldl wait until the high interest,high vacancy ,anti new people movement
decimates all the Reits and then buy the best ones
Have a good day
It’s Reasonable to Buy SHITCOINS Down Here
ROFL