Posted on 11/08/2022 12:55:13 PM PST by Mount Athos
Ouch
Pretty bad when you consider the DXY (dollar index relative to other currencies) is also down 0.44%. That usually makes everything else rise in comparison (since everything is traded on the market in U.S. dollars).
It’s those crap exchanges and crap “alt coins.”
No one is getting rich quick these days. I wish people would stop trying.
Crypto crashes and FedEx is parking planes. Things are looking a bit sour before the polls close this evening.
No one still has come up with a concise answer to “WTF is a Bit Coin?”
Without discussing the merits of the coin, the markets for them are not very liquid and bid/ask spreads can get very wide and without much active obvious depth on the bid.
Still mystified, and long have been, as to why Gold and Silver are not steadily climbing. Stupid me.
The price of a kWh is likely to increase.
Crypto is highly volatile and always has been.
Gold is controlled by the central banks around the world and they want bigger stockpiles before they allow the price to go up. Silver is now, and has been for many years, controlled by JPM.
It is a testament to the wishful thinking of people that it was ever regarded as having value at all.
I agree here.
Regarding my last previous message to you, did you miss it or did you just choose to ignore it?
Well, yes they have.
Bit Coin = Fiat currency based on faith and credit in computing resources rather than faith and credit in a particular nation.
WTF is a Bit Coin?
Isn’t a BitCoin something intangible which one idiot has bought from a scammer, in the hopes that another idiot will come along so the first-mentioned idiot can become a scammer and sell said intangible something to the second-mentioned idiot at a higher price?
Is that concise enough?
Hey, I appreciate that tidbit of info. Thank you!
Because there is so much “paper” gold and silver, it suppresses the “spot” price.
That said, if you had American Eagle Silver Dollars you could sell them for about $11 over spot. That is a pretty big premium.
But you can still get your hands on large bars of silver...so its not like there is a huge shortage.
Once the Fed lays off the rate increases, and starts “easing” you should see the commodity prices go up even more.
Best to keep those wrapped up. Otherwise they will oxidize before Christmas and they will taste bad.
I must have missed it. What was it?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.