I know Bitcoin is probably the future of currency BUT - it is hard for me to put my good old cold, hard cash into something that floats around in cyberspace. Then add the volatility and it exceeds my risk ceiling. OrangeSlingFL if you are in it I wish you well !!!
Conservative Politics & Daily Events Discussion
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But you absolutely should. You wont say the same when Bitcoin is at 500k in a couple years.
If it keeps dropping I might buy some, at a greatly reduced price.
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How intelligent is it to drain the US strategic petroleum reserve? Unless you're looking for a temporary solution for a short period (elections) keeping a blind eye to the public. How much is this going to needlessly cost the public to replace, and it's absolutely necessary to replace. What a waste of taxpayers' money. It's drawn down for all the wrong reasons. What if a major hurricane shuts down production for an extended period of time? What if China invades Taiwan? What if Russia does something stupid?
https://www.energy.gov/ceser/spr-quick-facts
Average price paid for oil in the Reserve - $29.70 per barrel
https://www.rpc.senate.gov/pol…rategic-petroleum-reserve
U.S. presidents have ordered emergency drawdowns three previous times: during Operation Desert Storm; after Hurricane Katrina; and in response to oil disruptions in Libya in 2011. Congress also has authorized sales from the SPR, particularly as the U.S. solidified its status as a global energy powerhouse during the last administration.
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Bitcoin has nothing behind it except the ideas hopes and dreams of those who buy it. US dollar has the United States behind it the British pound has the British government behind it and so on and so forth. As we have seen bitcoin is only worth what other people think it is that particular day. And now that the Fed is getting into it, the whole lure of being anonymous through bitcoin transmissions and transactions is quickly evaporating. IMO
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I'm not sure if it's good or bad but the stock market graph looks like Batman.
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We just think crime is bad in Chicago - when they do away with cash bail in Jan criminals will know they can get out no matter what they do short of rape and murder. Get ready good guys to protect yourselves from career criminals …
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I'm not sure if it's good or bad but the stock market graph looks like Batman.
Apparently Batman couldn't save the market today.
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Remember when the market was above 35,000? Short lived and I don't expect it to recover for several years if at all.
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I'm really paissed. Biden and the dems have fucked up this economy so bad. I don't think we would be in this situation if Trump was still president. Now the establishment is still trying to fuck Trump over. Wish they would put as much effort into investigating Pelosi, Shumer and all the other corrupt politicians on both sides of the aisle.
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Apparently Batman couldn't save the market today.
Don’t remind me - my portfolio is barely alive….
FUCK JOE BIDEN IN HIS CORRUPT @$$ !!! -
Doesn't Joe bring the best in us out! He is a uniter as after all.
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Inflation is transitory...
inflation will be short lived...
There is no recession...
We're looking for a soft landing...
Brace yourself this may be painful...
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Market may dip below 30k today 😩
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Gee, I thought the White house was maxed out with brain dead spokespeople