As Idiot's Lesson In Cryptocurrency

[Little Red Wagon Repairman]

OK, I'll be the idiot. Who can teach a simpleton like me about Cryptocurrency? What is the reason to invest in Cryptocurrency? As an American wouldn't I rather strengthen my US Dollar instead of buying into Cryptocurrency? Lastly, what backs Cryptocurrency?

 

[Mr. Daystar]

OK, I'll be the idiot. Who can teach a simpleton like me about Cryptocurrency? What is the reason to invest in Cryptocurrency? As an American wouldn't I rather strengthen my US Dollar instead of buying into Cryptocurrency? Lastly, what backs Cryptocurrency?

You wanna invest buddy, but magazines, ammunition, and assorted spare gun parts. If you have to, go to another state to get 30 round mags, and sell them, or use for barter when this whole shit show of a dumpster fire collapses. Common calibers of ammo, will eventually become very valuable,

 

[Little Red Wagon Repairman]

You wanna invest buddy, but magazines, ammunition, and assorted spare gun parts. If you have to, go to another state to get 30 round mags, and sell them, or use for barter when this whole shit show of a dumpster fire collapses. Common calibers of ammo, will eventually become very valuable,

That seems like a very wise investment. I trust the value of guns and ammo over smoke and mirrors.

 

[tvstrip]

This would basically be me explaining it to you... (I know it's NFTs, but same difference)

But for real, I do know one thing: Crypto isn't backed by any physical item. So there's nothing to trade it in for - you just have to hope that you can sell it before the currency calls it quits one day.
Bitcoin DID make a physical "coin" you could buy which had a code on it. But it was basically like a gift card, so once you redeemed the code, giving the coin to someone didn't transfer the value with it.

All in all, I'd say it's just a way to quickly move cash without attracting the attention of the authorities. But not something I would keep in the long run.

 

[Little Red Wagon Repairman]

This would basically be me explaining it to you... (I know it's NFTs, but same difference)
.
But for real, I do know one thing: Crypto isn't backed by any physical item. So there's nothing to trade it in for - you just have to hope that you can sell it before the currency calls it quits one day.
Bitcoin DID make a physical "coin" you could buy which had a code on it. But it was basically like a gift card, so once you redeemed the code, giving the coin to someone didn't transfer the value with it.

All in all, I'd say it's just a way to quickly move cash without attracting the attention of the authorities. But not something I would keep in the long run.

Thanks tvsrip. I'm a third generation landlord. I understand real estate a little bit. All I know is that I plan on holding onto my properties especially during this inflationary period. I keep money in the bank as a cushion so I can pick the time instead of the time picking me.

I would like to find an emerging area to get a good deal on some income property. I'm in the LA area but shy in investing too far away. My mother's voice is still in my head saying, "Never buy property you can't take a bus to." My mother was primitive minded but wise and based in common sense.

I read Caterpillar stock was doing great.

 

[tvstrip]

I guess you made some major bank during the pandemic! Real estate was boiling hot when everyone started working from home.
And now with gas prices and economic recovery, inflation is likely going to be a problem, for sure.

I'm just waiting for interest rate to rise with them, so my investments can start making money again...

 

[Little Red Wagon Repairman]

I guess you made some major bank during the pandemic! Real estate was boiling hot when everyone started working from home.
And now with gas prices and economic recovery, inflation is likely going to be a problem, for sure.

I'm just waiting for interest rate to rise with them, so my investments can start making money again...

My wife is also pitching a good idea of buying a 4 bedroom house and taking care of old people. That seems pretty good too. I married into a pack of Filipinos and they are good at that stuff. Maybe start with that 4 bedroom to dip our toes in the retirement home business then see where that takes us.

Wouldn't it be nice if we were energy independent and didn't have to deal with Russia or Saudi Arabia? One day I will get an electric car but that day is not today and I just paid $5.79 for 91 Octane at the cheapest gas station around me. Transportation costs effect everything and high prices at the grocery store hurt poor people the worst.

 

[tvstrip]

My wife is also pitching a good idea of buying a 4 bedroom house and taking care of old people. That seems pretty good too. I married into a pack of Filipinos and they are good at that stuff. Maybe start with that 4 bedroom to dip our toes in the retirement home business then see where that takes us.

Wouldn't it be nice if we were energy independent and didn't have to deal with Russia or Saudi Arabia? One day I will get an electric car but that day is not today and I just paid $5.79 for 91 Octane at the cheapest gas station around me. Transportation costs effect everything and high prices at the grocery store hurt poor people the worst.

Gas prices are insane. I have literally never seen them this high, ever.
The sad thing is that there is more than enough supply, even just in North America to be independent. One of the problems is that all the pipelines which could transport it keep getting blocked.

But the bigger issue is that North American oil is so much more profitable when you export it. You can fetch a much higher price on the world market, rather than selling it to your own countrymen. After all, even during this crisis, do you hear anything about US/Canadian oil companies restricting exports? Hell no, if anything, they'd rather export MORE of it since the global price has skyrocketed. And by lowering the supply for the domestic market, that just further increases prices.

But with the lobbying power of the oil companies, there's no chance this is going to change, until there's a fundamental change in how we consume oil (like you said, by getting electric vehicles, etc) and take away their power.

 

[gmase]

My wife is also pitching a good idea of buying a 4 bedroom house and taking care of old people. That seems pretty good too. I married into a pack of Filipinos and they are good at that stuff. Maybe start with that 4 bedroom to dip our toes in the retirement home business then see where that takes us.

The taking care of old people is a terrible idea. Think about the liability insurance you would need - especially in California.

 

[Mr. Daystar]

But the bigger issue is that North American oil is so much more profitable when you export it. You can fetch a much higher price on the world market, rather than selling it to your own countrymen. After all, even during this crisis, do you hear anything about US/Canadian oil companies restricting exports? Hell no, if anything, they'd rather export MORE of it since the global price has skyrocketed. And by lowering the supply for the domestic market, that just further increases prices.

Which is the exact explanation I give people when people suggest boycotting gasoline companies for a day or 2. Theyve already made there money, and when you boycott them, they buy less, so you've saved them a buck.

The taking care of old people is a terrible idea. Think about the liability insurance you would need - especially in California.

It's also a very difficult task too. My wife and I did it for my mother, and it almost cost me a brand new wife. If your wife want's to own her own business, get her a food truck, and put her and your mother in law in it. If she just likes to help the elderly, tell her to get a job at a quality nursing home.

 

[Little Red Wagon Repairman]

The taking care of old people is a terrible idea. Think about the liability insurance you would need - especially in California.

That’s my biggest concern too.

 

[Mr. Daystar]

You have to think about emotional attachments to buddy. If your wife gets attached easily to people, then she might want to think about the toll on her emotional well being, when they pass on. That's going to effect you to Dino, if she gets torn up easy, nothing does it easier then an elderly, or child's death. I know the child portion isn't an issue, but it was there as an example. When it's someone in your family, it's different, your mind justifies the effort, because you give back, to those that gave you.

 

[Little Red Wagon Repairman]

You have to think about emotional attachments to buddy. If your wife gets attached easily to people, then she might want to think about the toll on her emotional well being, when they pass on. That's going to effect you to Dino, if she gets torn up easy, nothing does it easier then an elderly, or child's death. I know the child portion isn't an issue, but it was there as an example. When it's someone in your family, it's different, your mind justifies the effort, because you give back, to those that gave you.

My wife is an experienced ICU Nurse. She has a good emotional shut-off valve for work stuff. I can’t imagine how many people she’s seen die.

 

[Mr. Daystar]

My wife is an experienced ICU Nurse. She has a good emotional shut-off valve for work stuff. I can’t imagine how many people she’s seen die.

That's a ruff job. My wife is in social work. You can see the toll it takes on them, at times.

 

[Little Red Wagon Repairman]

That's a ruff job. My wife is in social work. You can see the toll it takes on them, at times.

Both our ladies are caring people for sure. I can be a piece of shit but my wife has softened my turds over the last 7 years. I’m happier for that.

 

[Mr. Daystar]

Both our ladies are caring people for sure. I can be a piece of shit but my wife has softened my turds over the last 7 years. I’m happier for that.

My wife, whom we refer to as "the patron Saint of tolerance", still can't believe she married a man that owns an assault rifle.

 

[Little Red Wagon Repairman]

My wife, whom we refer to as "the patron Saint of tolerance", still can't believe she married a man that owns an assault rifle.

My wife is also very tolerant. I guess she’d have to be to be married to me. Florence Nightingale and Emperor Crazypants were a couple of crazy kids who met one day and fell in love. I think we’re gonna make it.

That sweet child of Jesus never thought she’d be married to someone who refused to get Baptized.

 

[Mr. Daystar]

After 25 years together, she still has no idea what's in that safe, besides her wedding ring, and our papers. She's gonna pissed....then very happy, after one of my friends comes here and hands her an envelope full of $100's. She's also been extremely cool through this whole disability process. We went a long time on one income, and we were able to keep afloat. The case just got settled a week ago, and thankfully only took 7 months, as opposed to a year and a half, Now I just have to block all of the shopping channels so we can stay afloat. I swear I've seen more kitchen gadgets come through this house, then i can even name.

 

[Little Red Wagon Repairman]

My wife has been buying handmade comforters from some nice Mormon girls from Utah. She is a fan of their YouTube Channel.

 

[gmase]

You should try this one: https://www.pornhub.com/channels/mormon-girlz