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comment by kleinbl00
kleinbl00  ·  1933 days ago  ·  link  ·    ·  parent  ·  post: Pubski: December 12, 2018

You know how everyone you know knows that bitcoin is fuckin' done and over and everyone should feel bad for ever owning any? And how if you meddling kids weren't so busy wasting your money and energy on pie-in-the-sky get-rich-quick schemes America Would Be Great Again or some shit?

Bitcoin is at $3400 right now, down from a high of $19783 in Dec 2017. That's a retrenchment of 82%. But then, GE is at $6.66 right now, down from a high of $32.88 in July 2016. That's a retrenchment of 79%.

I know a certified financial analyst whose entire portfolio was buying and selling GE futures.

Ain't no financial whiz-kids berating people for owning GE on Twitter.





goobster  ·  1932 days ago  ·  link  ·  

I still have my two measly ETH. Purchased for $1200 each, now worth about $30, IIRC.

So I have no reason to do anything other than hold them. Forever, really. (Unless they go up to $10k each, at which point I sell and buy myself a brand new Indian motorcycle.)

kleinbl00  ·  1933 days ago  ·  link  ·  

Meanwhile over at the WSJ:

    “We find that on several dimensions, the behaviour of the data over the last four quarters in the U.S., Eurozone and Japan is completely incongruous with any of the recessions that took place since 1980,” write Pierre Lafourcade and Arend Kapteyn of UBS.

    Mr. Kapteyn, in an interview, said the model is consistent with a “sharp slowdown” in global growth, but not the end of the business cycle.

GEE I WONDER WHY