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Cheezoholic

(3,345 posts)
24. Somethings not right with this economy. Gold and Crypto pinging in lockstep with the markets with high interest rates
Sun Oct 5, 2025, 12:56 PM
8 hrs ago

Bond market holding fairly steady at the same time. Prices of consumer goods are still outrageous. I think they've now got enough of the little guys money in their hands that they're just playing games with each other. A 2-3% move in any of these markets can make someone with deep pockets millions or even billions in a day where as, IMO, long haulers like most were taught are in a bubble that could break them. A lot of people forget the tech bubble breaking in the late 90's. That was one of the first investment disasters that happened with peoples 401k money tied up. I know friend's parents who went broke overnight. Lost so much in their employer 401k's they lost them. I think we're in a similar situation. The company's that survived that bubble are now over extending markets. The whole economy seems weighted on too few cooperation's IMO. It's a teeter totter that is artificially defying gravity and all your pocket change is flowing up to a kid with a chest that weighs a ton, up in the air on the other end. Its going to break at some point. It's not going to take much to wipe the average Joe off the map financially and eventually turn all workers into glorified indentured servants where they own nothing and rent everything from the few Where not far away from that now..
Just MHO

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This is Krasnov's economic plan gab13by13 14 hrs ago #1
Bitcoin is a load of crap. LPBBEAR 13 hrs ago #2
Yeah, I don't get it either moose65 13 hrs ago #3
Anyone else on here remember the penny stock fad? llmart 10 hrs ago #16
Yep, unfortunately I do. Talitha 9 hrs ago #21
I am so sorry. llmart 8 hrs ago #33
Thanks for your thoughtfuless - no harm, no foul. Talitha 3 hrs ago #66
Greater Fool Theory, apparently. C_U_L8R 8 hrs ago #31
It is substituting computational hardware and energy consumption for Wealthy Bankers IbogaProject 6 hrs ago #51
As I used to say back when Bit coin was worth about $35,000, if you were selling your car Bengus81 13 hrs ago #4
And if you had taken payment in BTC, you would have an asset worth 400% more than you paid for it hueymahl 9 hrs ago #18
Which is why its useless as actual currency. Callie1979 7 hrs ago #40
There's going to be another Bankman Fried disaster in the future,doubtfull they'll be Bengus81 6 hrs ago #57
Totally agree - it is not a good currency right now hueymahl 3 hrs ago #64
I'd say you should always have a good supply of cash on hand. Callie1979 3 hrs ago #67
LOL...you assuming someone selling a $35K car has it paid off Bengus81 6 hrs ago #56
It's like using shells or any other token, as long as there is trust it works. The electricity/cryptography is trust Blues Heron 12 hrs ago #6
Except that bitcoin will NEVER be stable enough to be usable as an actual currency William Seger 11 hrs ago #12
All currencies are based on trust, whether it's the full faith and credit of whatever country, piles of gold, etc. Blues Heron 11 hrs ago #13
Two things you want from a currency: stability and universal acceptance William Seger 11 hrs ago #14
Depends on how you define stability hueymahl 9 hrs ago #20
I define stability as NOT being like this: William Seger 8 hrs ago #27
But what does a bitcoim actually have to KEEP that trust DonCoquixote 8 hrs ago #26
Why does any currency have value? hueymahl 7 hrs ago #41
And when the BTC algorithm gets cracked, what will you have then? Callie1979 7 hrs ago #43
that is a theoretical risk with quantum computers coming online hueymahl 7 hrs ago #47
So we're to trust an "asset" invented by someone no one knows, Callie1979 6 hrs ago #53
Strong cryptography that says those bitcoins belong to you, like your bank says those dollars are yours Blues Heron 2 hrs ago #68
But.... moose65 3 hrs ago #61
Your bank account is just a number on a ledger. The value is in the cryptography. Blues Heron 2 hrs ago #69
The danger... lonely bird 1 hr ago #70
Finally another kindred sole on here! hueymahl 9 hrs ago #19
Of course, you want more DU members to "come around" William Seger 8 hrs ago #28
No, I want everyone to do well hueymahl 7 hrs ago #39
If you believe cryptocurrency is a good investment but real currency is not... William Seger 3 hrs ago #65
But it would also allow rogue governments like Russia & china to get away with MORE Callie1979 7 hrs ago #42
Banks are already adapting hueymahl 7 hrs ago #50
You forgot to mention a salient point: FakeNoose 9 hrs ago #23
No currency token is worth anything by itself. they are bits of plastic or paper or cheap alloys. Blues Heron 8 hrs ago #32
You just called gold useless & then described some of its uses. Callie1979 7 hrs ago #44
When was the last time you got a gold coin in your change? Blues Heron 7 hrs ago #49
"Coin" wasnt one of the uses. Industry uses a LOT of gold. Callie1979 6 hrs ago #52
As a token of exchange it is pretty useless to you or me, except as decoration. Blues Heron 6 hrs ago #54
Still Worthless VeryProgressive 12 hrs ago #5
It's like a giant slot machine. mdbl 12 hrs ago #7
It should have been drowned in it's infancy. Buddyzbuddy 12 hrs ago #8
I'd buy the "limited quantity" argument, if it were just Bitcoin. But new cryptocurrencies are being created all the progree 12 hrs ago #9
One repeated line I remember from the Pawn Stars show: William Seger 8 hrs ago #29
Yup, that too progree 7 hrs ago #35
This message was self-deleted by its author Emile 12 hrs ago #10
We allknow that someday some people will bluestarone 11 hrs ago #11
Gold is tapping $3900 too bucolic_frolic 11 hrs ago #15
Bitcoin is tulip mania with electrons. Until you dobleremolque 9 hrs ago #17
Coming soon hueymahl 9 hrs ago #22
I wonder ....... dobleremolque 7 hrs ago #34
I don't understand the point of your question hueymahl 7 hrs ago #38
Somethings not right with this economy. Gold and Crypto pinging in lockstep with the markets with high interest rates Cheezoholic 8 hrs ago #24
The common denominator is the dollar is being devalued hueymahl 7 hrs ago #45
The only way anyone would "lose everything" in '08 is if they SOLD. Callie1979 7 hrs ago #46
I was specifically comparing it to the tech bubble in the late 90's not the housing loan fiasco in '07 Cheezoholic 5 hrs ago #59
I personally think Bitcoin is a pyramid scam, Emile 8 hrs ago #25
Both. Callie1979 7 hrs ago #48
of course rampartd 8 hrs ago #30
The greater fool theory. lostincalifornia 7 hrs ago #36
Gonna be interesting when the BTC algorithm is cracked. Callie1979 7 hrs ago #37
It's open source Blues Heron 6 hrs ago #58
There's one born every minute orangecrush 6 hrs ago #55
i own some. a small amount moonshinegnomie 5 hrs ago #60
Wait for the Crash Deep State Witch 3 hrs ago #62
Trump loves this news. Gimpyknee 3 hrs ago #63
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