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Oh, good that I bought cryptos and etfs instea.... Oh fuck.
Ah well, this timeline is this timeline. It's all just going down the brown
I’ve never liked the argument crypto is good for diversification.
A lot of the studies on it are from pre-Covid when crypto was on a rocket ship, so the lack of correlation is actually a false signal.
I do own a bunch of crypto, but not as a diversification tool.
All Crypto is a scam designed to make you lose money, unless you can posess enough of it to manipulate its value and use it to take money from others.
Yeah I used to cynically buy shitcoin volatility…
I’m kind of bagholding some btc right now though.
Crypto is scammy for sure
Not really.
A lot of coins are scams, yes. But the concept of cryptocurrency has very valid uses in replacing the current fiat system perpetuated by governments.
Cryptocurrency is a fiat system perpetuated by scammers.
most of them, yes. most of them don't have any real purpose than making a select few rich. but there's also a few (1 or 2 so far as I know) that's purpose is private payments over the internet, a purpose for which most of the others are basically useless
Yeah, I can tell you know nothing about what you're talking about; just meming for the upvotes.
I'm just going to block you and move on. I encourage any sane adult to do the same, lest they lose more brain cells by reading your drivel.
Goodbye.
Sunken cost falacy has you shilling for scammers.
Sell your shitcoins and free yourself, you're not getting that money back bud.
If you look at the cryptocurrencies, they all go up and down with each other.
Really puts into perspective how far-reaching the investor class actually is.
It's funny though, because to them, all those "nerd" coins might as well be the same.
Crypto, especially BTC, always nosedives with stocks.
You can make out ok if stocks are steady but inflation is rampant, but right now, there's zero hype to pump BTC with.
End of the day the Dow was down 1,679.39
It's win win for Trump. Because him and his gangster members are now buying stock on massive discount. If stock goes up again again he can sell to his voters that it is his doing and how smart those tariffs are. Now the stock up is most likely not going to stick as an argument than the cheap buying but still. It will be used.
Time hr gets JFKed.
No but really was Thomas Crooks hired by Blackwater frfr?
I think you may have misread something. I just tried to search for that, and it seems that he was in a commercial for BlackRock, an investment firm, when he was in high school. They had a shot of a classroom that he was in, he was not a paid actor.
If he has also been hired by Blackwater, that has not been widely reported, and it seems unlikely.
I know the backstory that's kinda the joke.
The evidence that Trump's Administration themselves cited in their official explanation of their tariff "calculations" (trade deficit / imports) flat out states that when the US tries to tariff other countries:
- American importers pay for the US tariff AND
- American exporters pay for the foreign retaliatory tariffs.
The source (Cavallo et al, 2021) clearly demonstrates that American tariffs are paid directly by Americans in both directions, meaning out of everyone on Earth, US tariffs screw the US the most. Trump's administration legitimized the source by citing that research for its calculations on the tariff rates.
The Trade Representative's explanation freely admits that the stupid parameters were chosen more or less arbitrarily, and they cited the paper to justify their position on tariff price throughput but conveniently didn't list it in their "References" section.
Our analyses indicate that the price incidence of US import tariffs falls largely on the United States... Our results suggest that retailers are absorbing a significant share of the increase in the cost of affected imports by earning lower profit margins on those goods... [These analyses reveal] that the recent tariffs applied by foreign governments on US exports have affected total foreign import prices far less than was the case for the recent US tariffs
None of the supporters of this are going to read any of that.
Plenty of people supported Coolidge and Hoover until they felt it in their wallets. This is going to hurt, for everyone, and it will provide opportunities to change minds. Not just the minds of Trump supporters, but the minds of everyone who thinks there's no point fighting. We have a lot of common ground opening up beneath our feet.
This is a terrible mistake for them to make. The Republican party has made this mistake before. It lead to the New Deal. History sure is rhyming, and things aren't playing out quite the same, but we have a chance - however small it is - to take advantage of their mistake again, and turn things around.
The best way to hurt major political donors is to hit them in the wallet. Trump is cutting the MAGA lifeline, for himself and every other MAGA candidate. For that, I will gladly take the pain.
When the people vote with wallets, the rich get tens of thousands more votes.
A single rich friend will compensate a boycott from thousands of impoverished people who could already barely afford their goods in an instant.
Like, still do it; our actions are a reflection of our values. But don't make it your only plan.
Dow falls 1400 points but its still at a massive 40k (nearly doubled in 5 years.) Its gonna take more than this little stunt to land Trumpy Dumps in any real hot water
I hate these actors they use for pictures on the floor of Wall Street. They are just paid actors. They don’t actually do anything.