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Originally Posted by Excargodog
(Post 4017403)
I’m not going to debate any of this with you, I’m just stating the facts today:
The futures markets are discounting very high future oil costs and the experts are discounting very high future oil costs, if you think they are wrong you can certainly bid against them and if you ARE right, you can make a killing on the crude oil futures exchange. Of course if you are wrong, like Randolph and Mortimer, you are going to lose big. alt=""https://i.postimg.cc/dtFNPdGM/IMG-7974.jpg But then talk is cheap, actually putting your money where your doom and gloom is might cost you a bundle. But if you are smarter than current traders and advisors, go for it. |
I put my money where my mouth is and put a few $hundred K the markets will be fine, and just yesterday added about $50k hoping to tap into this pull back… Before this Summer I plan on $50k more….
Made a killing investing in real estate during the Recession, this won’t be as lucrative but will be fun to gloat about next Fall as we revisit this thread…. |
Originally Posted by Name User
(Post 4017306)
We do that to ensure trade is done in US dollars, it's what allows us to run $1T in deficit every year and print with impunity.
I don’t think it’s with impunity. Where did all the fiscal conservatives go all of a sudden? |
Originally Posted by Clearedtocross
(Post 4017434)
“Slight” correction, the US is currently adding debt at a rate of $1 trillion every five months.
I don’t think it’s with impunity. Where did all the fiscal conservatives go all of a sudden? |
Originally Posted by Lowslung
(Post 4017420)
Some of us would rather see sound decision making vs trying to profit off of the dumbassery of the public officials making said decisions and a perennially fickle market.
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Originally Posted by Excargodog
(Post 4017489)
Well, you can always run for Congressional representative. The pay is only about year two FO pay, and you are only guaranteed the one two year term if elected, but you can be 1/435th of the lower chamber.
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Originally Posted by FangsF15
(Post 4017483)
Tearing our hair out… Both parties are addicted to spending, just at very slightly different levels.
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Originally Posted by Clearedtocross
(Post 4017434)
“Slight” correction, the US is currently adding debt at a rate of $1 trillion every five months.
I don’t think it’s with impunity. Where did all the fiscal conservatives go all of a sudden? |
Originally Posted by vaxedtothemax
(Post 4017421)
I put my money where my mouth is and put a few $hundred K the markets will be fine, and just yesterday added about $50k hoping to tap into this pull back… Before this Summer I plan on $50k more….
Made a killing investing in real estate during the Recession, this won’t be as lucrative but will be fun to gloat about next Fall as we revisit this thread…. So you just happened to have several hundred thousand dollars sitting as liquid cash to buy stocks in the event the market takes a huge dip. Right. And Iran posed an imminent threat to the United States. |
Originally Posted by Name User
(Post 4017522)
Wait is that true? Last I saw was $1T budget deficit for the year. Holy ****!!
On March 18th, 2026 we crossed $39 trillion. So in less than 5 months, we added $1 trillion. If our debt rating takes a hit - likely as we go deeper into debt - the interest paid for additional borrowing increases. The more debt we have, the more difficult it becomes to climb out of it, and the more likely we are to add to it. Metaphorically - a snowball rolling down a hill becomes increasing difficult to stop as it gathers both size and speed. Here’s an article if you like: https://finance.yahoo.com/economy/po...201328218.html |
Originally Posted by ShyGuy
(Post 4017509)
Please don’t both sides what’s going on right now.
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Originally Posted by Clearedtocross
(Post 4017537)
Yep, in late October, 2025 we crossed $38 trillion.
On March 18th, 2026 we crossed $39 trillion. So in less than 5 months, we added $1 trillion. If our debt rating takes a hit - likely as we go deeper into debt - the interest paid for additional borrowing increases. The more debt we have, the more difficult it becomes to climb out of it, and the more likely we are to add to it. Metaphorically - a snowball rolling down a hill becomes increasing difficult to stop as it gathers both size and speed. Here’s an article if you like: https://finance.yahoo.com/economy/po...201328218.html “Not really” an issue so as long as two things remain true: Oil in Petrodollars US Dollar as the reserve currency Any other country that is insolvent would be tanked. But not us because those conditions are true. And we can just print money as a result. But anyone paying any attention to world events would see the rest of the world making an attempt away from the petrodollar thing, and who knows maybe one day the world reserve is no longer the dollar. We would start World War III, IV, and V simultaneously if that ever became the case. |
Originally Posted by ShyGuy
(Post 4017509)
Please don’t both sides what’s going on right now.
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Originally Posted by ShyGuy
(Post 4017552)
“Not really” an issue so as long as two things remain true:
Oil in Petrodollars US Dollar as the reserve currency Any other country that is insolvent would be tanked. But not us because those conditions are true. And we can just print money as a result. But anyone paying any attention to world events would see the rest of the world making an attempt away from the petrodollar thing, and who knows maybe one day the world reserve is no longer the dollar. We would start World War III, IV, and V simultaneously if that ever became the case. I don’t get the point about starting WWIII, IV, V as some sort of solution. World wars are economically devastating even for the “winner”, and that’s not even accounting for the massive amount of death, most of it attributed to displacement, exposure, disrupted food supply etc. its really not a good solution to anything. If you’re a “well then we can enjoy the spoils of war” type thinker, I don’t know what to tell you. I hope not. |
Originally Posted by ShyGuy
(Post 4017523)
So you just happened to have several hundred thousand dollars sitting as liquid cash to buy stocks in the event the market takes a huge dip.
Right. And Iran posed an imminent threat to the United States. |
Originally Posted by AAdvocate
(Post 4017567)
This is code for "please don't point out our hypocrisy"
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This whole thread turned into a discussion about why you should be buying bitcoin.
I try to orangepill anyone who will listen. Your dollars are eroding faster than your money market account can keep up. Not to mention it’s at a huge discount right now. |
Originally Posted by MiracleMets
(Post 4017615)
This whole thread turned into a discussion about why you should be buying bitcoin.
I try to orangepill anyone who will listen. Your dollars are eroding faster than your money market account can keep up. Not to mention it’s at a huge discount right now. A huge discount to what? There’s no intrinsic value. Also, reminder to never take financial advice from a pilot. Warren Buffett yes, overly confident pilot, no. |
Originally Posted by MiracleMets
(Post 4017615)
This whole thread turned into a discussion about why you should be buying bitcoin.
I try to orangepill anyone who will listen. Your dollars are eroding faster than your money market account can keep up. Not to mention it’s at a huge discount right now. |
Originally Posted by JamesNoBrakes
(Post 4017625)
So help sponsor terrorism?
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Originally Posted by JamesNoBrakes
(Post 4017625)
So help sponsor terrorism?
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Originally Posted by MiracleMets
(Post 4017635)
I’m sorry, has the US dollar never sponsored terrorism? Believe it or not hamas after October 7th posted on their website (who knew they had a website) asking people to stop sending them funds in cryptocurrencies because they’re easily traceable due to the nature of blockchain. I’m not saying bitcoin and other assets haven’t bent sent to terroristS but using that as an argument not to invest in it doesn’t hold water IMO. FIAT currencies have been funding terrorism for years but you have no problem using it in your daily life. You could argue that because terrorists use iPhones that you should never buy an iPhone or you’re sponsoring terrorism.
https://www.congress.gov/crs-product/IF12537 |
Originally Posted by MiracleMets
(Post 4017615)
This whole thread turned into a discussion about why you should be buying bitcoin.
I try to orangepill anyone who will listen. Your dollars are eroding faster than your money market account can keep up. Not to mention it’s at a huge discount right now. Bitcoin is only worth what the next sucker is willing to pay for it. |
Originally Posted by Clearedtocross
(Post 4017624)
Ok then gamblers, look up what Warren Buffet thinks of cryptocurrencies.
A huge discount to what? There’s no intrinsic value. Also, reminder to never take financial advice from a pilot. Warren Buffett yes, overly confident pilot, no. Believe me, I understand your opinion. I was once there when I didn’t understand what BTC is. I think your opinion would change if you actually invested time and energy into researching it. The smartest people on the planet have publicly disclosed bitcoin positions, every single person in this administration publicly hold bitcoin (except for David Sachs who sold all of his crypto holdings so he could be the crypto and AI czar without a conflict of interest), the tech bros and I would bet one whole bitcoin that Warren Buffett owns bitcoin. Also, if you have a 401k that invests in the SP500, you have bitcoin exposure whether you like it or not. Coinbase, Strategy, and IBIT. Brother, I promise you’re exposed to bitcoin and you don’t even know it. |
Originally Posted by Clearedtocross
(Post 4017638)
Here’s a congressional report on it if you want to know…
https://www.congress.gov/crs-product/IF12537 |
Originally Posted by m3113n1a1
(Post 4017641)
Discount to what? How are you determining the actual value of Bitcoin? There's literally no valuation metrics or formulas.
Bitcoin is only worth what the next sucker is willing to pay for it. The fact remains that bitcoin has been a very well performing asset. The fastest horse in the race if you will. |
My take...
BTC has no inherent value, aside from a product of it's scarcity (difficulty to mine), versus it's utility to people who value privacy (mostly but not entirely criminals, rogue state and non-state actors, sovereign citizens, etc). It *might* have utility as a speculative investment vehicle. But very hard to predict outcomes, at least for the likes of me. Personally if I was going to speculative I'd do it in a market that was easier to comprehend, like real estate or maybe VC for specific industries. Also worth noting that blockchains *might* be susceptible to hack via quantum computing... if that happens even once, BTC and all similar crypto will become instantly worthless. I'm not saying it *can* be hacked by QC, but after looking into it a bit I also can't really say I'm confident that it cannot ever be hacked by QC. Of course all of the above is just investment advice from a pilot. |
Originally Posted by Clearedtocross
(Post 4017624)
Ok then gamblers, look up what Warren Buffet thinks of cryptocurrencies.
A huge discount to what? There’s no intrinsic value. Also, reminder to never take financial advice from a pilot. Warren Buffett yes, overly confident pilot, no. |
Originally Posted by MiracleMets
(Post 4017650)
At a huge discount to its all time high. “Bitcoin is only worth what the next sucker is willing to pay for it.” How is that any different than nvidia stock or Gold?
The fact remains that bitcoin has been a very well performing asset. The fastest horse in the race if you will. Pump & Dump! |
Originally Posted by rickair7777
(Post 4017651)
Of course all of the above is just investment advice from a pilot.
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Originally Posted by rickair7777
(Post 4017651)
My take...
BTC has no inherent value, aside from a product of it's scarcity (difficulty to mine), versus it's utility to people who value privacy (mostly but not entirely criminals, rogue state and non-state actors, sovereign citizens, etc). It *might* have utility as a speculative investment vehicle. But very hard to predict outcomes, at least for the likes of me. Personally if I was going to speculative I'd do it in a market that was easier to comprehend, like real estate or maybe VC for specific industries. Also worth noting that blockchains *might* be susceptible to hack via quantum computing... if that happens even once, BTC and all similar crypto will become instantly worthless. I'm not saying it *can* be hacked by QC, but after looking into it a bit I also can't really say I'm confident that it cannot ever be hacked by QC. Of course all of the above is just investment advice from a pilot. |
Originally Posted by AAdvocate
(Post 4017652)
Bro's whole platform is "just google it" lol
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Originally Posted by MiracleMets
(Post 4017646)
Warren Buffet is one opinion out of many and he’s basically retired I believe. He’s sees no intrinsic value in it because he doesn’t have to. He has already made his billions. I pose a question though, what is intrinsic value? Assets have value because people give it value. Baseball cards that sell for 100k have no intrinsic value, but someone bought it for 100k. Larry Finks official Blackrock position is that you should have about 5 percent allocated to BTC, while his unofficial personal position is that you should have everything in BTC. I think that’s a bit much but whatever. Jamie Dymon even has capitulated. Freddie Mac and Fannie Mae are now considering your crypto holdings as assets when they assess you for a home loan, which is something they don’t do for Gold. I can take a cash loan on a decentralized finance smart contract against my BTC with no paperwork involved and never talk to another human in 5 minutes. I don’t know where Bitcoin will go, but it’s not zero. And if it’s not zero then it’s infinity. At what price will you say it finally has value? 200,000? 350,000? 1,000,000? The people who hate it have been hating it since it was priced at a penny. But it has value and today that value is 70,000 USD.
Believe me, I understand your opinion. I was once there when I didn’t understand what BTC is. I think your opinion would change if you actually invested time and energy into researching it. The smartest people on the planet have publicly disclosed bitcoin positions, every single person in this administration publicly hold bitcoin (except for David Sachs who sold all of his crypto holdings so he could be the crypto and AI czar without a conflict of interest), the tech bros and I would bet one whole bitcoin that Warren Buffett owns bitcoin. Also, if you have a 401k that invests in the SP500, you have bitcoin exposure whether you like it or not. Coinbase, Strategy, and IBIT. Brother, I promise you’re exposed to bitcoin and you don’t even know it. |
Originally Posted by Clearedtocross
(Post 4017658)
Um ok, I can take advice from the best investor to ever walk the planet, or a PILOT on a forum who has an incentive to add bitcoin buyers so his shares go up. I really have to think on this for a while…
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You may have met or heard of someone who has gotten rich from crypto.
You likely know even more people, possibly have their phone numbers stored in your iPhone who have lost Tens of Thousands in Crypto………….they just haven’t told you. |
Originally Posted by 11atsomto
(Post 4017660)
You may have met or heard of someone who has gotten rich from crypto.
You likely know even more people, possibly have their phone numbers stored in your iPhone who have lost Tens of Thousands in Crypto………….they just haven’t told you. |
Originally Posted by MiracleMets
(Post 4017659)
Don’t hurt yourself. I’m trying to back up my position with rational thought, logic, and facts and your argument is “you’re a pilot so bitcoin is stupid, Warren Buffett is a god and I must follow only his advice.” Don’t buy it man…jeez. But at least come up with a valuable argument other than that.
A pilot handing out gambling tips under the guise of investment advice and claims to know more than Warren Buffet. Hilarious! |
Originally Posted by Clearedtocross
(Post 4017667)
Rational thought and logic at the casino - got it.
A pilot handing out gambling tips under the guise of investment advice and claims to know more than Warren Buffet. Hilarious! |
Originally Posted by MiracleMets
(Post 4017668)
When did I claim to know more than Warren buffet? Whatever man. Dont buy it. I don’t want you to buy it. I want you to see the price at 200,000 screaming about its lack of intrinsic value.
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Originally Posted by Clearedtocross
(Post 4017658)
Um ok, I can take advise from ...... a PILOT on a forum who has an incentive to add bitcoin buyers so his shares go up. I really have to think on this for a while…
Bejeezus....just how much do they pay you rich airline pilots? That is a lot of wampum to be able to do that! |
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