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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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<blockquote data-quote="Weather Man" data-source="post: 16664931" data-attributes="member: 137766"><p>A crypto, company or anything can make people money. Some people get lucky and some are smart enough to ride the wave. The tricky part is the dismount, some people get lucky and some people can read the tea leaves and some get stuck holding the bag.</p><p></p><p>As long as their are more people that want crypto than don't want it, the party carries on.</p><p></p><p>I applaud everyone here that is making money off of crypto. If I felt I could determine a entry and exit point for getting into crypto, I probably would get a stake. I have looked at ways to do that multiple times.</p><p></p><p>I do think crypto will be used extensively in personal finance, it remains to be seen how that plays out. As a private fiat currency, I just do not see the nation states allowing it. I also think VISA/MC/AMEX and such are waiting to see how they are threatened and then responding with their deep pockets.</p><p></p><p>I just fundamentally feel it is being driven by excess liquidity and irrational exuberance, and many are just fine investing in that situation, I have no interest at this point in my investing life. I played that game during the first tech boom and got lucky.</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16664931, member: 137766"] A crypto, company or anything can make people money. Some people get lucky and some are smart enough to ride the wave. The tricky part is the dismount, some people get lucky and some people can read the tea leaves and some get stuck holding the bag. As long as their are more people that want crypto than don't want it, the party carries on. I applaud everyone here that is making money off of crypto. If I felt I could determine a entry and exit point for getting into crypto, I probably would get a stake. I have looked at ways to do that multiple times. I do think crypto will be used extensively in personal finance, it remains to be seen how that plays out. As a private fiat currency, I just do not see the nation states allowing it. I also think VISA/MC/AMEX and such are waiting to see how they are threatened and then responding with their deep pockets. I just fundamentally feel it is being driven by excess liquidity and irrational exuberance, and many are just fine investing in that situation, I have no interest at this point in my investing life. I played that game during the first tech boom and got lucky. [/QUOTE]
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