DJIA, NYSE, S&P = CRASH!!!
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TheCount
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I thought that the main concept behind long term investment is buy and hold rather than attempting to game market timing.
presence
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Static noise. Zoom out. Just another day "sideways" into the death cross on the 1 year.
Madison320
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The units we're measuring the stock market in is what I'm worried about. I'm at the point where I was around 2007 (the impending market crash). Tired of arguing about it. Now I'm just waiting for the inevitable laws of economics to kick in.
L
LibForestPaul
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bitcoin is bullshit. Until I see a bitcoin flag, and a bitcoin army, I have no intentions of trading in bitcoin. Money = intrinsic value, or value force by government decree. Bitcoin is neither
annnnnd it's gone....
Gold has zero intrinsic value. It is expensive because the market decided it is.
Bitcoin (in contrast to gold,) offers enormous utility. If I had the funds, I could transfer billions in FRNs to you, in a text, across the globe, and no government would be able to do anything about it.
dannno
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Madison320
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Don't worry. According to the "experts" the US economy is still great, it's just those other economies dragging us down!
"Dow drops 358 points after China fears spur global sell-off "
"U.S. stocks sold off on Thursday as worries swirled over the state of many developed and emerging economies"
"U.S. stocks closed near session lows on Thursday, off more than 2 percent, as investors weighed continued uncertainty about the timing of a rate hike and concerns about global growth headed by slowing in China."
"U.S. stocks fell in choppy trading on Wednesday as minutes from the latest Federal Reserve meeting highlighted concern over the state of the global economy, driving markets to question the likelihood that the Fed will raise rates next month."
Madison320
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If we don't get a rebound soon there's going to be another one of those "interviews with a Fed member" where they hint at no rate hike in September.
Why not just give them the all digital currency they want? Seems to me that bitcoin and similar iterations are nothing more than an nwo computer credit testbed.
Did you see non-intrinsic value metals react to the stock market, oil and dollar moves today?
dannno
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Bitcoin was created to subvert the elite's methods of wealth confiscation - PMs are a useful tool, but they are heavy, difficult to transport and can be confiscated.
I'd like to see a future of free markets where gold, silver and bitcoin all play a role in helping people move around wealth and make transactions.
Dianne
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Me too !! Let's hope it happens soon.
Zippyjuan
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Seems to be a lot of uncertainty among investors these days which is typical for this time of year. They are jumping in either direction (up or down) at the slightest news it seems. Last week it was up 240 points one day, down 220 the next. Down 350 today? Maybe up again tomorrow. we'll see. The economy is neither booming or crashing so neither should stocks but markets can be fickle.
I could be wrong but weren't the Silk Road bitcoins seized by the FBI somehow? I'm certainly no expert on bitcoin (I did call the bitcoin pump and dump last year, however) but doesn't it require the internet to function? And electricity? And if the bitcoin exchanges themselves shut down, which has happened a few times already iirc, is bitcoin not then dead in the water unless everyone is using it?
Blame it on my untrusting nature but I don't think much large scale development occurs, especially in software/tech fields these days, without CIA and DARPA types having a close hand in it.
Me too. But I don't think that was staerkler's premise so I objected.
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dannno
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The coins were seized, they must have figured out his password some how.
You should be skeptical, bitcoin isn't perfect.. it does require a functioning internet. But if the internet went down in the US, I'm pretty sure people in Europe could still use it.. and I'm pretty sure if you were some how, by sattelite or other means, able to access the internet in Europe you could do something with your coins.
But it also has a lot of benefits, similar to gold in that you can't create more or duplicate it, and easier to transport.
It's a risky investment, but I think it is worth utilizing to the extent you are able to make payments with it, and if you want to invest there is a huge potential upside.
Madison320
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I wonder what the "September Rate Hike" odds are now?
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