chirorob Posted July 31, 2021 Share Posted July 31, 2021 On 7/20/2021 at 4:41 PM, RutgersJetFan said: So, how's it going Good, I bought XRP when it was down, and I'm quite happy so far. Quote Link to comment Share on other sites More sharing options...
Barry McCockinner Posted July 31, 2021 Author Share Posted July 31, 2021 On 7/20/2021 at 5:41 PM, RutgersJetFan said: So, how's it going Funny you should ask. 1 1 Quote Link to comment Share on other sites More sharing options...
RutgersJetFan Posted August 1, 2021 Share Posted August 1, 2021 5 hours ago, Barry McCockinner said: Funny you should ask. This is actually what I picture the crypto people look like. 4 Quote Link to comment Share on other sites More sharing options...
Untouchable Posted August 1, 2021 Share Posted August 1, 2021 1 hour ago, RutgersJetFan said: This is actually what I picture the crypto people look like. What?! I love investing real world money in goofy World of Warcraft internet currency! Either get with the times or get left in the dust, chief. Quote Link to comment Share on other sites More sharing options...
Jetsfan80 Posted August 1, 2021 Share Posted August 1, 2021 7 hours ago, Barry McCockinner said: Funny you should ask. $41,000 US, $50,000 Canadian? Long ways away from your $100k prediction, bub. Clocks a-ticking. Quote Link to comment Share on other sites More sharing options...
Barry McCockinner Posted August 1, 2021 Author Share Posted August 1, 2021 25 minutes ago, Jetsfan80 said: $41,000 US, $50,000 Canadian? Long ways away from your $100k prediction, bub. Clocks a-ticking. Probably won't be until October before we see a new ath. Might be early 2022 now. Such fail 1 Quote Link to comment Share on other sites More sharing options...
RutgersJetFan Posted August 1, 2021 Share Posted August 1, 2021 3 hours ago, Untouchable said: What?! I love investing real world money in goofy World of Warcraft internet currency! Either get with the times or get left in the dust, chief. 4 Quote Link to comment Share on other sites More sharing options...
Jdub03 Posted August 9, 2021 Share Posted August 9, 2021 Anyone here invest in OTC's? Had a great return on a Hail Mary $150 I threw at AWGI in 2017, which is now CPSL, which has been acquired by the CEO and CFO of NXMH (Next Gen Meats). Still waiting for the 8K sec file and merger news. Very exciting time. Quote Link to comment Share on other sites More sharing options...
Barry McCockinner Posted October 1, 2021 Author Share Posted October 1, 2021 Y'all ready for Supply Shoctober? 1 Quote Link to comment Share on other sites More sharing options...
Barry McCockinner Posted October 19, 2021 Author Share Posted October 19, 2021 So a bitcoin futures ETF launched today. Can someone who understands WTF a futures ETF is explain it like I'm 5? My understanding is that this doesn't mean anyone new is buying bitcoin but there seems to be a lot of buzz about it. https://www.cbsnews.com/news/bitcoin-etf-futures-listing-proshares-bito/ @southparkcpa? Quote Link to comment Share on other sites More sharing options...
southparkcpa Posted October 19, 2021 Share Posted October 19, 2021 9 minutes ago, Barry McCockinner said: So a bitcoin futures ETF launched today. Can someone who understands WTF a futures ETF is explain it like I'm 5? My understanding is that this doesn't mean anyone new is buying bitcoin but there seems to be a lot of buzz about it. https://www.cbsnews.com/news/bitcoin-etf-futures-listing-proshares-bito/ @southparkcpa? Crypto is not something I invest in or put clients in but my understanding is that all monies that flow to this ETF will be invested in futures contracts on Bitcoin. So.. if bitcoin rises, the futures contracts will rise and visa versa if they fall. If Bitcoin is at 10X and we hold a contract allowing us to buy at 9 X the contract will value at 1X. So, we buy that contract. If Bitcoin rises, the contract will rise as well. I can read up on it but it is not my thing per se. Quote Link to comment Share on other sites More sharing options...
Barry McCockinner Posted October 19, 2021 Author Share Posted October 19, 2021 32 minutes ago, southparkcpa said: Crypto is not something I invest in or put clients in but my understanding is that all monies that flow to this ETF will be invested in futures contracts on Bitcoin. So.. if bitcoin rises, the futures contracts will rise and visa versa if they fall. If Bitcoin is at 10X and we hold a contract allowing us to buy at 9 X the contract will value at 1X. So, we buy that contract. If Bitcoin rises, the contract will rise as well. I can read up on it but it is not my thing per se. I know you're not into crypto. It's the ETF & futures thing I'm asking about. I don't know what either is and tbh, am not grasping your last explanation. lol 1 Quote Link to comment Share on other sites More sharing options...
southparkcpa Posted October 19, 2021 Share Posted October 19, 2021 20 minutes ago, Barry McCockinner said: I know you're not into crypto. It's the ETF & futures thing I'm asking about. I don't know what either is and tbh, am not grasping your last explanation. lol But PLUG is coming back. I more than tripled my money in my IRA, cashed out at 38 or so, bought at around 12. In my taxable account, I rode it to 72, down to 24 and now at 33 or so. Also in at around 12. 1 Quote Link to comment Share on other sites More sharing options...
Barry McCockinner Posted October 19, 2021 Author Share Posted October 19, 2021 51 minutes ago, southparkcpa said: But PLUG is coming back. I more than tripled my money in my IRA, cashed out at 38 or so, bought at around 12. In my taxable account, I rode it to 72, down to 24 and now at 33 or so. Also in at around 12. you said butplug 1 Quote Link to comment Share on other sites More sharing options...
RobR Posted October 20, 2021 Share Posted October 20, 2021 9 hours ago, Barry McCockinner said: So a bitcoin futures ETF launched today. Can someone who understands WTF a futures ETF is explain it like I'm 5? My understanding is that this doesn't mean anyone new is buying bitcoin but there seems to be a lot of buzz about it. https://www.cbsnews.com/news/bitcoin-etf-futures-listing-proshares-bito/ @southparkcpa? It's an ETF not unlike USO when it comes to oil. The ETF holds futures contracts and then sells them off, to only buy contracts with a later strike date. It's a commodities trade for bitcoin. 1 Quote Link to comment Share on other sites More sharing options...
fullblast Posted October 20, 2021 Share Posted October 20, 2021 New ATH! 1 Quote Link to comment Share on other sites More sharing options...
WhartonJet Posted October 21, 2021 Share Posted October 21, 2021 On 7/31/2021 at 10:26 PM, Barry McCockinner said: Probably won't be until October before we see a new ath. Might be early 2022 now. Such fail 1 Quote Link to comment Share on other sites More sharing options...
Barry McCockinner Posted October 21, 2021 Author Share Posted October 21, 2021 1 minute ago, WhartonJet said: I forgot about that post 😂 1 Quote Link to comment Share on other sites More sharing options...
Barry McCockinner Posted November 1, 2021 Author Share Posted November 1, 2021 On 2/10/2020 at 12:34 PM, Dcat said: 12/14/2017: Value of bitcoin = $17,389.22. Value right now 2/10/2020 (includes all splits, etc. ) $9,843.52 anyone who invested 2 years ago has lost nearly half their investment. Of course, had someone invested at or near the beginning it would be a different story. Thanks for the financial advice. But is premised on hope and prayer. 2 months to go. Bitcoin is at 62k as I respond. What do you think rn? Will my prediction hit or nah? Quote Link to comment Share on other sites More sharing options...
WhartonJet Posted November 3, 2021 Share Posted November 3, 2021 On 11/1/2021 at 4:23 AM, Barry McCockinner said: 2 months to go. Bitcoin is at 62k as I respond. What do you think rn? Will my prediction hit or nah? I placed a substantial bet that bitcoin would be above 80k on Dec. 31st back in June when it was trading around 35K. Hoping it hits, would be a nice payday 1 Quote Link to comment Share on other sites More sharing options...
nj meadowlands Posted November 4, 2021 Share Posted November 4, 2021 My prediction remains that Bitcoin is dumb af 1 Quote Link to comment Share on other sites More sharing options...
Barry McCockinner Posted November 4, 2021 Author Share Posted November 4, 2021 1 hour ago, nj meadowlands said: My prediction remains that Bitcoin is dumb af Why do you think it's dumb? Quote Link to comment Share on other sites More sharing options...
Barry McCockinner Posted November 29, 2021 Author Share Posted November 29, 2021 welp - this isn't looking very good right now. I would be surprised if we hit the 100K target by end of year at this point. I still think it hits by the end of this cycle but the people who have been saying this is going to be expanding cycles seem to be correct. Quote Link to comment Share on other sites More sharing options...
derp Posted November 29, 2021 Share Posted November 29, 2021 36 minutes ago, Barry McCockinner said: welp - this isn't looking very good right now. I would be surprised if we hit the 100K target by end of year at this point. I still think it hits by the end of this cycle but the people who have been saying this is going to be expanding cycles seem to be correct. It seems like the last couple times it broke prior ATH people saw clear skies ahead, opened a boatload of leveraged positions, and frankly needed to get washed out for continuation upwards to be healthy. I thought (incorrectly) that the first of the two washouts would be enough for it to work the second time. Hopefully third time's the charm. There does seem to be on chain data that supports the idea that this will be an extended cycle as you mentioned. The on chain stuff is absolutely flawed at this point but it's interesting to see that data and better information starting to come together and grow as folks start figuring out how to parse through it, come up with metrics, and build off each other's stuff. Quote Link to comment Share on other sites More sharing options...
RutgersJetFan Posted December 29, 2021 Share Posted December 29, 2021 Coming straight down to the wire 1 Quote Link to comment Share on other sites More sharing options...
Barry McCockinner Posted December 30, 2021 Author Share Posted December 30, 2021 On 12/28/2021 at 11:25 PM, RutgersJetFan said: Coming straight down to the wire Yes, I definitely got it wrong so I have to take the "L" on this one. I take solace in the fact that anyone who listened to me when the thread was created is up 4-5x, so at least I didn't hurt anyone. I still think we get there in 2022. Quote Link to comment Share on other sites More sharing options...
southparkcpa Posted December 30, 2021 Share Posted December 30, 2021 On 11/29/2021 at 12:05 PM, Barry McCockinner said: welp - this isn't looking very good right now. I would be surprised if we hit the 100K target by end of year at this point. I still think it hits by the end of this cycle but the people who have been saying this is going to be expanding cycles seem to be correct. Mr madoff. How was the food in jail????😂 Quote Link to comment Share on other sites More sharing options...
Barry McCockinner Posted December 30, 2021 Author Share Posted December 30, 2021 1 hour ago, southparkcpa said: Mr madoff. How was the food in jail????😂 Bitcoin is not a ponzi scheme. A ponzi scheme is when a fraudulent entity promises investors returns based on the idea that there is some non-existent legitimate business or investment activity returning profits. No one controls bitcoin or pretends there is any sort of business or investment activity behind the scenes generating a profit. Bitcoin fixes money and separates money from state. This is a good thing for humanity. Quote Link to comment Share on other sites More sharing options...
RutgersJetFan Posted December 30, 2021 Share Posted December 30, 2021 1 hour ago, Barry McCockinner said: Yes, I definitely got it wrong so I have to take the "L" on this one. I take solace in the fact that anyone who listened to me when the thread was created is up 4-5x, so at least I didn't hurt anyone. I still think we get there in 2022. Except all those cool rebellious types that moved to El Salvador. 1 Quote Link to comment Share on other sites More sharing options...
Barry McCockinner Posted December 30, 2021 Author Share Posted December 30, 2021 1 minute ago, RutgersJetFan said: Except all those cool rebellious types that moved to El Salvador. I'm not following. El Salvador is doing pretty well this year and if you have a good amount of bitcoin it's considered legal tender so you won't get taxed on spending it. They're building schools and hospitals with bitcoin gains, they're mining bitcoin with volcanoes ffs. Quote Link to comment Share on other sites More sharing options...
southparkcpa Posted December 30, 2021 Share Posted December 30, 2021 2 hours ago, Barry McCockinner said: I'm not following. El Salvador is doing pretty well this year and if you have a good amount of bitcoin it's considered legal tender so you won't get taxed on spending it. They're building schools and hospitals with bitcoin gains, they're mining bitcoin with volcanoes ffs. El Salvador is run by a dictator who proclaimed Bitcoin as the future currency. DICTATOR. Bitcoin. 1 Quote Link to comment Share on other sites More sharing options...
RutgersJetFan Posted December 30, 2021 Share Posted December 30, 2021 2 hours ago, Barry McCockinner said: I'm not following. El Salvador is doing pretty well this year and if you have a good amount of bitcoin it's considered legal tender so you won't get taxed on spending it. They're building schools and hospitals with bitcoin gains, they're mining bitcoin with volcanoes ffs. You're starting to sound like a bot with this crap. Lighten the **** up dude. 1 Quote Link to comment Share on other sites More sharing options...
Barry McCockinner Posted December 30, 2021 Author Share Posted December 30, 2021 1 minute ago, southparkcpa said: El Salvador is run by a dictator who proclaimed Bitcoin as the future currency. DICTATOR. Bitcoin. While we agree that a dictatorship is bad, what other part of this is bad? He doesn't control bitcoin. He didn't make their existing legal tender no longer legal tender. He simply made bitcoin legal tender as well. He also put some of the countries reserves into bitcoin, then took some of the profits from that and invested it into the country by building hospitals and schools. Quote Link to comment Share on other sites More sharing options...
Barry McCockinner Posted December 30, 2021 Author Share Posted December 30, 2021 2 minutes ago, RutgersJetFan said: You're starting to sound like a bot with this crap. Lighten the **** up dude. Your comment made no sense so I tried to get an explanation. I guess it was just a joke? Quote Link to comment Share on other sites More sharing options...
Barry McCockinner Posted December 30, 2021 Author Share Posted December 30, 2021 Quote Link to comment Share on other sites More sharing options...
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