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Joined: Jan 2012
Posts: 45,020
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jan 2012
Posts: 45,020 |
That Bitcoin is gonna bite alot people in the azz I bet when whomever decides to yank the rug and cash in on that giant ponzi scheme.
JMO...
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Joined: Dec 2013
Posts: 13,068
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2013
Posts: 13,068 |
That Bitcoin is gonna bite alot people in the azz I bet when whomever decides to yank the rug and cash in on that giant ponzi scheme.JMO... You might be right.
Patriotism (and religion) is the last refuge of a scoundrel.
Jesus: "Take heed that no man deceive you."
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Joined: Aug 2005
Posts: 10,735
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Aug 2005
Posts: 10,735 |
I’m saving and will buy when the crash comes. That was last spring. I did pretty good on that dip! Would like to give it another go.
A true sportsman counts his achievements in proportion to the effort involved and fairness of the sport. - S. Pope
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Joined: Feb 2008
Posts: 13,606
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2008
Posts: 13,606 |
Yup, and if you're finding it by online listings you're a sucker. Do you're research, it's a buyer's market if you know where to look
Beware of any old man in a profession where one usually dies young.
Calm seas don't make sailors.
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Joined: Dec 2008
Posts: 8,305
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2008
Posts: 8,305 |
Stocks and realestate are in a bubble that will burst and crush a lot of people. The same for crypto. Right now I'm in cash, being patient. When lumber drops I'll build some rentals, or if realestate crashes I'll buy some as long as inflation doesn't kill me first. If the market finally starts rolling over I'll go short in leveraged fund like SQQQ. Be patient, opportunities will come around like always and you will need cash to take advantage of them.
I'm pretty tempted to sell my current house, but renting a place at 2500 a month will get old fast.
"Life is tough, even tougher if your stupid" John Wayne
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Joined: Jul 2020
Posts: 5,246
Campfire Tracker
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Campfire Tracker
Joined: Jul 2020
Posts: 5,246 |
I'm thinkin' of lookin' into this plasma thing...
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Joined: Jul 2011
Posts: 11,039
Campfire Outfitter
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Campfire Outfitter
Joined: Jul 2011
Posts: 11,039 |
I have been investing in old machinery that will make me money.
"There's more to optics than meets the eye."--anon
"...most of us would be better off losing half a pound around the waist than half a pound on our rifle."--dhg
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Joined: Jan 2012
Posts: 45,020
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jan 2012
Posts: 45,020 |
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Joined: Oct 2003
Posts: 3,859
Campfire Tracker
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Campfire Tracker
Joined: Oct 2003
Posts: 3,859 |
That Bitcoin is gonna bite alot people in the azz I bet when whomever decides to yank the rug and cash in on that giant ponzi scheme.JMO... You might be right. I don't think there will be a "rug pull" so to speak, although hard correction is certainly possible and even likely. There are I believe 9 applications in now for Bitcoin Etf's in the US,and at least one is almost certain to get approved. Coinbase IPO goes tomorrow on the NYSE.
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Joined: Feb 2008
Posts: 13,606
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2008
Posts: 13,606 |
Stocks and realestate are in a bubble that will burst and crush a lot of people. The same for crypto. Right now I'm in cash, being patient. When lumber drops I'll build some rentals, or if realestate crashes I'll buy some as long as inflation doesn't kill me first. If the market finally starts rolling over I'll go short in leveraged fund like SQQQ. Be patient, opportunities will come around like always and you will need cash to take advantage of them.
I'm pretty tempted to sell my current house, but renting a place at 2500 a month will get old fast. Being in cash is the absolute worst place to be, once inflation is realized the value of cash will fall to nothing over night. History has shown this. That is if you're cash is in USD. I wish you the best of luck but I think you're riding for a fall. They aren't making more land but they are printing more money. It's really that simple.
Beware of any old man in a profession where one usually dies young.
Calm seas don't make sailors.
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Joined: Feb 2006
Posts: 43,872
Campfire 'Bwana
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Campfire 'Bwana
Joined: Feb 2006
Posts: 43,872 |
My wife and I have also been thinking about where to put our cash.
Actually I have been doing most of the 'thinking', she would say just leave it in savings but she is beyond conservative when it comes to money.
It'll come down to buying another house or more cows.
Even out here in poor man country the housing market is slim pickens...
Very little inventory and HIGH rental demand.
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Joined: Feb 2004
Posts: 19,191
Campfire Ranger
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Campfire Ranger
Joined: Feb 2004
Posts: 19,191 |
I’m saving and will buy when the crash comes. This ^^^ kwg
For liberals and anarchists, power and control is opium, selling envy is the fastest and easiest way to get it. TRR. American conservative. Never trust a white liberal. Malcom X Current NRA member.
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Joined: Feb 2004
Posts: 19,191
Campfire Ranger
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Campfire Ranger
Joined: Feb 2004
Posts: 19,191 |
I have been investing in old machinery that will make me money. That is one monster lathe. Who makes it ? kwg
For liberals and anarchists, power and control is opium, selling envy is the fastest and easiest way to get it. TRR. American conservative. Never trust a white liberal. Malcom X Current NRA member.
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Joined: Aug 2009
Posts: 20,824
Campfire Ranger
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Campfire Ranger
Joined: Aug 2009
Posts: 20,824 |
$2,000..... hookers & blow..... next question?.
Originally Posted by Judman PS, if you think Trump is “good” you’re way stupider than I thought! Haha
Sorry, trump is a no tax payin pile of shiit.
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Joined: Feb 2006
Posts: 43,872
Campfire 'Bwana
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Campfire 'Bwana
Joined: Feb 2006
Posts: 43,872 |
$2,000..... hookers & blow..... next question?. Okay, $50k? (really hot hookers???)
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Joined: Jul 2011
Posts: 11,039
Campfire Outfitter
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Campfire Outfitter
Joined: Jul 2011
Posts: 11,039 |
I have been investing in old machinery that will make me money. That is one monster lathe. Who makes it ? kwg It is an 18" x 51" Okuma LS, made in Japan in 1968. More info here. http://www.lathes.co.uk/okuma/
"There's more to optics than meets the eye."--anon
"...most of us would be better off losing half a pound around the waist than half a pound on our rifle."--dhg
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Joined: Feb 2010
Posts: 3,842
Campfire Tracker
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Campfire Tracker
Joined: Feb 2010
Posts: 3,842 |
Stocks and realestate are in a bubble that will burst and crush a lot of people. The same for crypto. Right now I'm in cash, being patient. When lumber drops I'll build some rentals, or if realestate crashes I'll buy some as long as inflation doesn't kill me first. If the market finally starts rolling over I'll go short in leveraged fund like SQQQ. Be patient, opportunities will come around like always and you will need cash to take advantage of them.
I'm pretty tempted to sell my current house, but renting a place at 2500 a month will get old fast. Being in cash is the absolute worst place to be, once inflation is realized the value of cash will fall to nothing over night. History has shown this. That is if you're cash is in USD. I wish you the best of luck but I think you're riding for a fall. They aren't making more land but they are printing more money. It's really that simple. The government's printing press will win(unfortunately). That said, it seems more likely that we will end up closer to Japan than Zimbabwe.
Quando omni flunkus moritati
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Joined: Mar 2009
Posts: 18,125
Campfire Ranger
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Campfire Ranger
Joined: Mar 2009
Posts: 18,125 |
Yup, and if you're finding it by online listings you're a sucker. Do you're research, it's a buyer's market if you know where to look Exactly, 3 months ago bought 31 lots backed up to a vineyard in Texas for stupid cheap. No realtor involved, not even a for sale by owner sign.
~Molɔ̀ːn Labé Skýla~
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Joined: Jan 2012
Posts: 45,020
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jan 2012
Posts: 45,020 |
$2,000..... hookers & blow..... next question?. Okay, $50k? (really hot hookers???) And a limo!!!
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Joined: Aug 2001
Posts: 2,883
Campfire Regular
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Campfire Regular
Joined: Aug 2001
Posts: 2,883 |
Right now I'm very good with my investments, have a nice balance in my checking and savings accounts, own my house and other real estate free and clear, no car payments, so every now and then I get a few thousand dollars through a little side job and for now I'm investing in Gold and Silver. Been doing this for about 20 years, have made most of my money with Silver, and good increases in Gold. I don't sell or trade, just put it in my deposit box at the bank. If I don't use it, my kids and grand kids will have fun playing with it. My stash is for "when everything else goes South" sort of like a good cash of ammo and food.
"The older I get, the better I was"
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