Bitcoin

Duck

Quack
Supporter
I think it's a pump and dump.

The dow took a huge hit too. The official explanation according to Reuters:

The original trigger for the sell-off was a sharp rise in U.S. bond yields late last week after data showed U.S. wages increasing at the fastest pace since 2009. That raised the alarm about higher inflation and, with it, potentially higher interest rates.​

:coocoo:
 

Blood

Driveler Emeritus
Supporter
Thread starter #123
I think it's a pump and dump.

The dow took a huge hit too. The official explanation according to Reuters:

The original trigger for the sell-off was a sharp rise in U.S. bond yields late last week after data showed U.S. wages increasing at the fastest pace since 2009. That raised the alarm about higher inflation and, with it, potentially higher interest rates.​

:coocoo:
Yeah,
A lot of it was automated selling.
Wild ride but it will bounce back.
The triggers cause a domino effect when things get crazy.

All the action even tripped the auto-ban function on TFN.
:biggrin-2:
I got locked out for a day until one of the mods manually reset the parameters to restore the 'NEVER BAN' function reserved for good-looking, soft-speaking, sweet-smelling, platinum-status contributors such as myself.

I decided to overlook it just this once rather than lodge a formal complaint and demand arbitration...
because I'm big like that.
:wink:
 

ironpony

Professional Pot-Stirrer
Supporter
I think it's a pump and dump.

The dow took a huge hit too. The official explanation according to Reuters:

The original trigger for the sell-off was a sharp rise in U.S. bond yields late last week after data showed U.S. wages increasing at the fastest pace since 2009. That raised the alarm about higher inflation and, with it, potentially higher interest rates.​

:coocoo:
The stock and bond markets work the opposite of each other. Stocks take a dump, bonds rise.

The last hour of NYSE stock trading is always dominated by the bond market - that closes an hour earlier than the stock market. If bonds finish strong, it's a good bet that stocks will finish weak.
 
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Blood

Driveler Emeritus
Supporter
Thread starter #125
I'd wait until they take the market off of life support.
Coinbase isn't accepting my login credentials for a transfer,
so...
I may not get to it at all.
It isn't something that I'm determined to do...
just farting around...
 

Blood

Driveler Emeritus
Supporter
Thread starter #126
The stock and bond markets work the opposite of each other. Stocks take a dump, bonds rise.
Given the historical returns of the market I don't see any sense in bonds...
unless Carter gets another term.
:biggrin-2:

I've forgotten more than I know (which probably wasn't much).
I tried day-trading for a while years ago after I sold out one time.
Probably not something I could make a living at.
:frown:
I can see where a person gets sucked in like gambling or whatever.
I remember one morning making over $1200 in under 30 minutes...
and it's a rush!!
I don't so much remember leeching most of it away, bit by bit, over a day or two but I'm sure that's what happened.

Kind of like the slot-player I mentioned above.
He dumped $80 - $100 in a machine in a few minutes...
the whole time he was talking about winning a $2500 jackpot about a year ago.
:biggrin-2:
He's probably dumped twice that amount trying to repeat the rush he got from it.
 

Rigjockey

In Gord we trust!
Supporter
The markets took a bit of a climb today and Bitcoin did too. I was looking at Bitcoin early this morning thinking i could lose everything I put into this. I am not worried because it would be the same amount that i would plan on throwing away at the casino. ( I have not been to the casino in over 10 years, Not my bag, baby.)
I am in this for the long haul, win or lose
 

ironpony

Professional Pot-Stirrer
Supporter
Given the historical returns of the market I don't see any sense in bonds...
unless Carter gets another term.
Bonds are for investors with huge amounts of cash to invest for long terms. They're not as volatile as stocks, but do hold their value in times like this, or when the economy takes a dump. If you're approaching retirement, an advisor would probably start moving some of your portfolio into funds that hold a larger proportion of bonds to provide long term stability.
 

Rigjockey

In Gord we trust!
Supporter
Bonds are for investors with huge amounts of cash to invest for long terms. They're not as volatile as stocks, but do hold their value in times like this, or when the economy takes a dump. If you're approaching retirement, an advisor would probably start moving some of your portfolio into funds that hold a larger proportion of bonds to provide long term stability.
Very true. Bonds are a low risk/ low return investment for as you stated people close to retirement, They are very safe.
Younger investors can stand to take more risks.
 

Rigjockey

In Gord we trust!
Supporter
I learned something today. I watch the Market and investment shows now that I am looking to the markets.
I made a mistake on the Bitcoin thing. When my money doubled itself I should have taken MY money out ( My money being my investment) and left the rest in:bonk:
Live and learn, I suppose.
 

Injun

Rabid Squaw
Staff member
Supporter
The party's over...

(dum, dum, de doo-dah!)

Dow closes down more than 1,000 points

The specter of rising interest rates set investors on edge, pitching the Dow Jones industrial average deeper into the red
Considering the Dow was at 15,660 on Feb 11, 2016 vs. 23,860 today, I'd say we're still in pretty good shape. This is a correction. It will probably drop about 15% from the January high of 26,616 over the next few months and then bounce back. Even if it drops 15%, it still leaves the dow at 22,623. That's nearly 7,000 points higher than two years ago, or a 44% gain in two years.
 

ironpony

Professional Pot-Stirrer
Supporter
Considering the Dow was at 15,660 on Feb 11, 2016 vs. 23,860 today, I'd say we're still in pretty good shape. This is a correction. It will probably drop about 15% from the January high of 26,616 over the next few months and then bounce back. Even if it drops 15%, it still leaves the dow at 22,623. That's nearly 7,000 points higher than two years ago, or a 44% gain in two years.
So the bubble will correct, and on we go. The year long party...
 

ironpony

Professional Pot-Stirrer
Supporter
It's standard investment cycling. It rebounded over 300 points today.

Sorry you won't get a crash to blame on current policies.
We'll see. I don't want to see a crash, but there's a significant level of support further down. It wouldn't surprise me to see another retreat on Monday that will test that level.
 

Rigjockey

In Gord we trust!
Supporter
Refresh my memory (read- too lazy to comb the thread), how do you cash out anything in a block chain?
In regular Bitcoin you have a QR barcode and a Bitcoin wallet take that to a ATM kinda thing and cash out. In my situation the money will be sent to my bank account upon request.
 
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