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Almost Banned Once
Join Date: Feb 2009
Location: Adelaide South Australia
Posts: 38,245
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I'm really trying to understand what's going on.
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- Peter |
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01-04-2018, 10:42 PM
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Super Moderator
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The questions in my mind are how long before the bubble breaks & what is the real valuation a&nd how is that done?
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Chris ---------------------------------------------- 1996 993 RS Replica 2023 KTM 890 Adventure R 1971 Norton 750 Commando Alcon Brake Kits |
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01-05-2018, 06:01 AM
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83 911 Production Cab #10
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Who Will Live... Will See  83 911 Production Cab #10, Slightly Modified: Unslanted, 3.2, PMO EFI, TECgt, CE 911 CAM Sync / Pulley / Wires, SSI, Dansk Sport 2/2, 17" Euromeister, CKO GT3 Seats, Going SOK Super Charger |
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01-05-2018, 03:17 PM
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Registered
Join Date: Dec 2001
Location: Ky, USA
Posts: 1,127
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Last edited by 911_Dude; 01-05-2018 at 03:39 PM.. |
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01-05-2018, 03:37 PM
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,490
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There was a time when some became fabulously wealthy selling tulip bulbs...
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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01-05-2018, 04:05 PM
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Registered
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Pump and dump works, bringing fresh meat to the table every day. With bots running coordinated high volume trades it's tough to know which end of the rope you are on. Crypto is like playing hedge funds in many ways. It is gambling at Vegas tables and the house has better odds. You can still win big short term just like at the MGM Grand, but long term hedge funds don't even beat boring SP500 index funds. Feeling lucky?
Tulips indeed. https://venturebeat.com/2018/01/05/whats-behind-ripples-rapid-surge-panicked-investors-hunting-for-crypto-bargains/
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2009 Cayman PDK With a few tweaks Last edited by Cajundaddy; 01-05-2018 at 04:48 PM.. |
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01-05-2018, 04:37 PM
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Registered
Join Date: Oct 2003
Location: Roseville, CA
Posts: 3,066
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Just like pump and dump penny stocks don't mean the entire stock market is a scam, not everything in the crypto world is a scam either. It's funny how people think Ripple's CEO being one of the richest people in the world is BS, yet accept that Warren Buffet is. Buffet is on record saying his "net worth" is meaningless. He has already earmarked his stock to various charities, and even if he didn't, he couldn't sell all his shares at the current BRK price. It would crash the stock price before he got 1/10th the way through. Same with Bill Gates, and Jeff Bezos, etc etc. It's a joke to say ANY person is worth $xxx billions if it's all linked stock that is practically unsellable. No different that these new crypto billionaires. |
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01-05-2018, 04:55 PM
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winter-hater club member
Join Date: Oct 2003
Location: salt lake city, utah
Posts: 24,705
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2000 Corvette - ????, 2007 Buell XB9R - Astrid, 1996 Discovery - Piglet, 2000 Forester "COOL PRIUS!" - Nobody Ever |
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01-08-2018, 02:52 PM
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Interesting insights guys - thanks for the perspective....
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Chris ---------------------------------------------- 1996 993 RS Replica 2023 KTM 890 Adventure R 1971 Norton 750 Commando Alcon Brake Kits |
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01-08-2018, 03:02 PM
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Registered
Join Date: Jun 2002
Location: Winnipeg, MB, Canada
Posts: 3,963
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When crypto currency's start advertising on Facebook you have to wonder .......
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Bunch of old cars 
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01-08-2018, 05:15 PM
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Registered User
Join Date: Sep 2012
Location: Växjö Sweden/Hannover Germany
Posts: 1,135
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I hope you all have invested heavily in the Dogecoin by now!
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01-09-2018, 12:00 AM
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Registered
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Things are getting interesting in cryptoland.
Ripple’s XRP has lost 60% of its value in less than 2 weeks | Markets Insider
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2009 Cayman PDK With a few tweaks |
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01-16-2018, 07:18 PM
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Former Options Trader !!!
Join Date: Feb 2003
Location: Bucks County PA
Posts: 6,756
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This is priceless LoL
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Current:88 Guards Red Coupe, 89 Coupe Track Rat, 76 Caddy Eldo Convert. 2015 Aprilia Tuono Wrecked 1987 Targa Guards Red, 2003 Ducati ST4S Sold 1987 Granite Green Targa, 993's, 93 RSA, other 964 coupes, 89 911 Turbo Ruf mods, 90 e30 M3, 07 BMW R1200S STOLEN 94 Speedster |
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01-16-2018, 08:08 PM
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Registered User
Join Date: Sep 2012
Location: Växjö Sweden/Hannover Germany
Posts: 1,135
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01-16-2018, 10:57 PM
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Join Date: Apr 2002
Posts: 30,341
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I was tempted to sell my Carrera for 3 bitcoins a few weeks ago....so glad I waited....today I can get 5 of 'em.
Imagine that I just knew those 1s and 0s weren't valued properly back then.... |
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01-17-2018, 02:49 AM
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Get off my lawn!
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My company recently accepted a bank transfer for a payment for a project we did. Our bank charged us $10.40 for the honor of accepting electronic bank transfer. If I make a payment via ACH (Automated Clearing House) it "only" cost 40 cents for the transfer. Of course if we stick to checks and do it in the analog world there is no fee at all. And it cost them a lot to run a check. And the money if not really instant available like in the movies. They still had a 24 hour hold on the deposit for the bank transfer or the ACH. The interesting thing is that I have the company credit card set up on an automatic payment. The credit card company is authorized to withdraw the statement balance on the day it is due. On the current statement balance, and I can terminate that at any time or change it.
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Glen 49 Year member of the Porsche Club of America 1985 911 Carrera; 2017 Macan 1986 El Camino with Fuel Injected 350 Crate Engine My Motto: I will never be too old to have a happy childhood! |
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01-17-2018, 05:54 AM
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Unregistered
Join Date: Aug 2000
Location: a wretched hive of scum and villainy
Posts: 55,652
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01-17-2018, 06:29 AM
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Former Options Trader !!!
Join Date: Feb 2003
Location: Bucks County PA
Posts: 6,756
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The fact that someone would freely admit that they "sold everything" to invest in one single issue speaks volumes about their knowledge base with regards to the global capital markets. Beyond that the SWIFT system does not take "days". Even further mentioning 100 banks as if thats some significant number is scary. 100 banks is a pittance, a microscopic number when compared to the number of banks on the planet. Additionally there is no real mention of the size of those banks or what sorts of "testing" they're doing with the system.
I am trying not to make this personal, I apologize. My thought is this...selling all your assets and buying into 1 singular asset is a very dangerous play. I just think its a dis-service to this community if that fact is not pointed out. My opinion is pretty clear, I would be very weary of commodity or coin which is backed by nothing.
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Current:88 Guards Red Coupe, 89 Coupe Track Rat, 76 Caddy Eldo Convert. 2015 Aprilia Tuono Wrecked 1987 Targa Guards Red, 2003 Ducati ST4S Sold 1987 Granite Green Targa, 993's, 93 RSA, other 964 coupes, 89 911 Turbo Ruf mods, 90 e30 M3, 07 BMW R1200S STOLEN 94 Speedster |
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01-17-2018, 07:46 AM
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Join Date: Apr 2002
Posts: 30,341
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01-17-2018, 08:02 AM
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Too big to fail
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I am planning to take out a second...
beer from the fridge and watch this cryptocurrency 5hitshow unravel
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"You go to the track with the Porsche you have, not the Porsche you wish you had." '03 E46 M3 '57 356A Various VWs |
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01-17-2018, 08:10 AM
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1970 Porsche 911 S 
Das Babe
Das Babe Metalberiech
Lil Red
Cayman
Carrera
