Comments by "dbergerac" (@dbergerac9632) on "FREENVESTING" channel.

  1. Yes, It was not that long ago when bonds backed by bundles of subprime mortgages were highly valued by people. And then, one day, they were not. Two trillion dollars (worldwide) vanished like smoke overnight, and the next day, the dollar was still in every bank and cash register.
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  2. Sure, that's just a day at the track. Buffett is discussing investments, not recreation.
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  3. The subprime mortgage instruments are the biggest so far, but Bitcoin is closing fast.
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  4. When the first really big player starts the sell-off, most "investors" will be caught off guard. It will be over in a couple of hours.
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  5. I remember as a schoolboy long ago, I was taught that the real money made in the Gold Rush was not made by the miners, but by those who equipped and supplied them. Thanks for reminding me.
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  6. We should all seek the advice of twenty-somethings; their knowledge has not been tainted by decades of experience.
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  7. I'd take a hard pass on that also.
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  8. Since they are effectively the same, just use dollars to buy real assets instead of bitcoin to buy real assets. Skip the exchange fee. He was not encouraging people to "invest" in dollars. He was encouraging people to invest in real assets.
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  9. He stayed away from Theranos, before the billions vanished like smoke.
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  10. OMG! where did all of my ones and zeros go?
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  11. I can use my fiat dollars to buy bonds which pay interest. Result: I have less dollars short term and now own bonds instead. I presume that one could use crypto to buy bonds which pay interest. Result: I have less crypto and have bonds instead. If that were my goal, then I'd skip the crypto and just get the bonds. As he said, I can use fiat currency to buy productive assets or just stare at them; the value is in the productive assets that any currency can buy, be it crypto, fiat or whatever. He does not make money by holding onto fiat cash, he invests it in productivity.
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  12. If I have shares of a company, I can receive dividends, and the "share" itself represents my portion of ownership in the company's real assets. One of these is not like the other.
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  13. So, When Bitcoin collapses you will only lose the illusion of your cash investment. Cool.
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  14. Exactly. Instead of investing in things that produce income, you should invest in things that reduce income. Always do the exact opposite of proven successes.
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  15. Lehman Brothers was doing great, until they weren't.
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  16. Bitcoin will certainly streamline large purchases of contraband.
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  17. Like every other Ponzi scam, the only people praising it are people who bought in.
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  18. For every dollar used to buy Bitcoin, there is a dollar being happily received by the seller. The ultimate goal of Bitcoin is to make more DOLLARS.
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  19. Cool. I'll invest in those business instead, they may make real money from selling real stuff.
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  20. He bought a crypto bank and controls it.
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  21. To create new elites like you?
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  22. He bought a bank that facilitates crypto sales. When suckers want to buy or sell, he gets paid in cash. That's not the same as buying shotload of crypto.
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  23. What DID you use to buy bitcoin if not worthless dollars? Someone who sold Bitcoin obviously preferred the dollars.
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  24. Oh no, there are a lot of folks in here pimping Bitcoin who bought in late or lost money. For every eager buyer, there IS an eager seller.
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  25. Sooo, what DID you use to pay the rent?
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  26. Yes; and every "investor" in Bitcoin watches its value in dollars, waiting for that magic moment to trade them for those dollars.
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  27. Even turds have value; they can be made into useful gas and fertilizer. Bitcoin, not so much.
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  28. Yes. That's why he uses the USD that he makes to buy stuff that makes more USDs instead of stuffing them into his mattress.
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  29. If the currency were Bitcoin and the suppliers of goods and services must pay more for their products due to shortages or pandemics etc. inflation would be found in Bitcoin as well. The merchants have to pass on the higher costs. If it is an investment, you invest currency in it. If it is a currency, it is subject to most of the failings of every currency. If it is a Ponzi scam, well, kiss value of your labor goodbye.
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  30. Bitcoin is the Betamax of what may come.
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  31. How exactly does crypto currency end the concept of profits?
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  32. When suckers are buying from other suckers and they do not stop, a smart guy can pick up a lot of money brokering their deals; fees paid in cash, of course.
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  33. Are you holding onto your dollars hoping to sell them for more dollars to someone else? Did the government (that seeks 2% annual inflation) tell you that your dollar would increase in value?
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  34. Is that 200% measured in dollars? You are hoping one day to hit that sweet spot where you will happily trade your magic beans for dollars.
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  35. Yes, he would do better than he has by buying an intangible created by an anonymous person.
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  36. Yes. He bought a facility that helps suckers sell to new suckers for a fee. You don't have to get wet to sell a swamp.
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  37. People will give me oil for it. As the "Petrodollar" it is effectively backed by petroleum.
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  38. I'd rather own shares in FB than bitcoin. Advertisers shovel money at FB.
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  39. Not a thing. You use dollars to buy real assets. You might also use bitcoin to buy real assets, but doesn't that go against the concept of buying crypto? He never said: "Buy dollars and hold them" He said: "Use your currency to buy assets that produce more assets."
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  40. Yes. I remember being taught that the real money made in the California Gold Rush was made by those equipping and supplying the miners.
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  41. Yeppers, people are going to sell off their Apple, Google and Microsoft stocks any time now. Who would invest in industries for mere profit when there are digital money trees?
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  42. That was illegal during much of his lifetime. Governments can make or break markets.
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  43. What also passes into history? Snake Oil, Ponzi scams, Chinchilla Ranches, Sub-Prime Mortgage Bonds, Theranos, and every other get-rich-quick-and-easy scam.
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  44. Yes, he now gets paid in real money when some sucker buys into crypto from a sucker who bails out of it. WB is not going to leave broker fees on the table.
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  45. Yes, and like stocks when the sell-off starts, it is always the big fish who kick it off and its over before you even heard about it.
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  46. Lehman Brothers was doing well too, until the day that they weren't.
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  47. So do Ponzi schemes.
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  48. The morning that the US and EU criminalize the exchange of crypto for their currency (to damage cartels and terrorists), is when the music stops and everyone not sitting in a currency chair loses the game of musical money.
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  49. Have you ever met anyone in a multi-level marketing scheme who wasn't?
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  50. Be careful what you ask for; he has enough money to start a sell-off that would crash it. AND he bought a crypto bank that can do the deals.
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