Oh yeah --- CHF and COPD.... and still smoked up a storm even while having to be hooked 24/7 to oxygen. Sorry smokers... you're just D U M B.


She lived 4 more years in a private nursing home (5 people lived there) - sitting in a chair - too weak to care for herself.... costing me a small fortune. Cost me an extra $5 per cigarette because someone had to take her outside and be with her while she puffed away. That's some addiction right there!

:lol: It's clear that there's a lot to learn about bitcoin, but I'm enjoying the reactions. :lol: "internet people" :lol:

Valuation bubbles happen all the time with fads. Bitcoin is emerging right now, but still very much under the radar. It's the antithesis to establishment central banking right now. For that reason alone, it holds great risk as the eye of Sauron looks on. Unless some major 'event' happens, I don't see a mass exodus or devaluation out of using Bitcoin. Either way, it'll be interesting.

Corrections just don't happen in tulip markets :lol: Everything's a gamble. In 2008 many investors lost huge. Now look at the dollar, look at the debt, look at the EU/euro. When the Fed stops pumping, then what?... tick... tick... tick...

Boy Greg, you said a mouthful there..

Health Issues will eat through money like termites through wood..

I have been too busy lately dealing with my own health care issues, and even with great Insurance, I still have to pay thousands for my share..

I should of, would of, could have taken better care of myself....Spilled Milk.:snapout:

So you younger Guys follow the Health thread and take good care of yourself...Otherwise the money you Save and Invest will get eaten up later by Hospitals and Doctors...

MIke

Oh wow. Thats too bad. :(

My Dad's CHF is a result of CHOP Chemo he had to undergo during his 2nd round of Non-Hodgkins Lymphoma Cancer that he had in the late 90's. the LVAD pump (think electronic water pump, but hookedup to the heart and pumps blood instead) will (hopefully) be a short term fix until he is healthy enough to undergo a full on Heart Transplant. Assuming he gets that far. he's having some trouble right now (not with the device, but seizures and some mental issues). Talk about a scary road. :brix:

Sorry to hear about your parents Greg.

Wise words Mike. Hope you're doing well.

Good to hear from you Mike!


Keep up the good fight buddy!



:grouphug: :headspin: :D

I don't know anything about bicoin, but from what others are saying here it looks like it may be a very risky stock. Sure the stock market has risks, but if you invest in solid companies and diversify, you greatly reduce your risk. You mention 2008 as an example in the stock market. I was invested in 2008 and did not lose, because I did not sell when everyone else was panicking. My portfolio is now worth much more than in 2008.

The difference is you are comparing one highly speculative stock that could go down signficantly and never come back up.

As far as what happens when the Fed stops pumping money into the sytem, who knows. They will likely stop pumping money into the system when they feel the ecomomy is strong enough, so maybe nothing happens.

If you watch CNBC at all there are so many people who claim to know what is going to happen, but no one really knows. For those that have been around long enough, do you remember Harry Dent. Many years ago he wrote a book projecting the Dow would go to 15,000 within a few years. He had all kinds of great reasons why it would hit that level. I believe that was in the early 2000's some time. Now he is claiming the Dow is going to go back to 6000. I would be willing to bet he will be wrong on that prediction as well. Unfortunately people listen to these guys.

Woody --- Bitcoin is NOT a stock -- it's a "currency" that is traded on it's own exchanges. So not only is it speculative - the entire concept is "electronic" - and is only worth what the next guy will pay. It can be used to buy stuff - but only from others that are willing to accept it as a payment.


I couldn't agree with you more when you say the talking heads on TV all have the answer for what's ahead. That's what makes a market - one guy selling - the other guy buying - both betting they're right and everyone else is wrong.

It's why I HARP on the INVESTING aspect of the market rather than all the hype and speculation. You've heard it before - buy good stuff - that pays a dividend - companies you know and understand etc.

Bitcoin is for "fun" and for speculators. Maybe it becomes something and maybe it doesn't. I won't care one way or the other because I'm busy making real money off my investments... I have an open enough mind to look - read - discuss... but that's as far as my interest goes. It's a bit ironic since I made my money off speculative deals --- but a man has to know his limitations and say when is enough, enough. Personally - that's where I'm at.

Hi Woody. I never meant this to be Bitcoin vs Stocks or anything. Like Greg said, Bitcoin is a digital currency. Just like the dollar, its backed by nothing more the the people who use its. The main difference is that Bitcoin can not be artificially distorted by central banking manipulation. It's a peer to peer, open source user driven system. I knew about them and was very skeptical when they were $1 each. When I brought them up here, they were $70. Today they are busting out at $104. This is a direct result of the outright theft that has occurred to the people of Cyprus having their money outright stolen from the Banks they kept their money in. All of EU is debt to the same bankers. Bitcoin at $103 today is still a GREAT deal, I believe, as this mess is only going to get worse in the EU, and people are looking for other options.

As far as Bitcoin being something for "fun" I would agree! But its very real. It valued at more that alot of sovereign currencies are! It's total value topped $1 billion and soon could rival the dollar and euro. And you can always exchange back into dollars at any time just like any other currency. Of course to dive in you need to be tech savy and that right there turns a lot away, or scares them. But we all know the role technology is playing in this future.

As for stocks, the people I listened to seen it coming. I sold my home right before the bust. Because I listened to all the people the "stock" shows were calling "Crazy"... I listen to the guys who proved themselves right by calling out where these bubbles are. They are saying the same thing about the stock market.. it's very much an illusion that's being propped up. We are simply on bought time at this point.

Greg you should just go for some Bitcoin... Get in and out, now is the time... then kick yourself later for now staying in!

Tony --- I've been IN the stock market and other investments for some 30 odd years now. I've been up and I've been down... but mostly I've been retired since I was 41 (I'll be 60 this summer) and I live a pretty nice lifestyle. I think I'll just keep doing what I'm doing. :thumbsup: