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Re: Bitcoin falling Now who predicted that ? [Re: jbyrd63] #7580298
05/09/22 12:15 AM
05/09/22 12:15 AM
Joined: May 2009
Posts: 12,033
Champaign County, Ohio.
K
KeithC Offline
trapper
KeithC  Offline
trapper
K

Joined: May 2009
Posts: 12,033
Champaign County, Ohio.
Originally Posted by Bob
Originally Posted by Diggerman
Dont be too hard on the guy, after all, Steve Wonder throwing a dart at the wall of stocks would be just as lucrative as the best stock analyst.


There was actually a study on this, kind of lol. They had a chimpanzee pick a set of stocks by throwing darts at a board, and then professional stock brokers picked a set they thought would perform well. The chimpanzees stocks beat the professionals stocks. They did it twice that I’m aware of, both times a chimpanzee throwing darts beat the professionals.

Sorry jbyrd, if I want investment advice, I’ll ask a chimp before you lol

Originally Posted by jbyrd63
Don’t blame you bob !
I don’t pick a stock just watch it and figure a pattern. Last couple weeks I picked day and almost to the exact amount of the rise or fall and what day it would happen. Blind luck ? Maybe maybe not
True story went to a casino in March playing black jack Got pulled from the table by a guy with an ear piece asking me how I was calling the dealer hole card NINE hands in a row! True story Still lost my butt because knowing whats coming doesn’t change your awful cards !!!!


Not any sort of an accomplishment as has been proven earlier.

Originally Posted by white17
Originally Posted by KeithC
The Dow Jones is currently at 33,565.78, which is 325.60 higher than it ended at yesterday. That's a 0.98% increase. Less than 1% is not much fluctuation and only a moron would think that is significant.

Keith


X2.

Not many people even pay attention to the Dow. The S&P 500 index has a current historical volatility of 15.149. That means that the index value is expected to fluctuate one way or the other by 0.9468% each day for the next 30 days. It is currently up 0.98 %

Just about where the math says it should be


Keith

Re: Bitcoin falling Now who predicted that ? [Re: jbyrd63] #7580352
05/09/22 06:50 AM
05/09/22 06:50 AM
Joined: Dec 2006
Posts: 121
New York
Chappy Offline
trapper
Chappy  Offline
trapper

Joined: Dec 2006
Posts: 121
New York
If you bought fake money and expected this to go on forever…..”they got ya”……you traded real
Money for fake money, governments aren’t gonna allow that to go on forever!

Re: Bitcoin falling Now who predicted that ? [Re: jbyrd63] #7580379
05/09/22 07:54 AM
05/09/22 07:54 AM
Joined: Nov 2017
Posts: 384
SD
T
Turd Furgeson Offline
trapper
Turd Furgeson  Offline
trapper
T

Joined: Nov 2017
Posts: 384
SD
[Linked Image]

Re: Bitcoin falling Now who predicted that ? [Re: jbyrd63] #7580384
05/09/22 08:04 AM
05/09/22 08:04 AM
Joined: Sep 2014
Posts: 4,737
carolina, Alabama
The Possum Man Offline
trapper
The Possum Man  Offline
trapper

Joined: Sep 2014
Posts: 4,737
carolina, Alabama
So wait, There is a dude with a superpower to predict the stock market? Why is he still on here arguing with peasants and not living on his own personal island yet?


"If you're gonna be stupid you better be tough"
Re: Bitcoin falling Now who predicted that ? [Re: jbyrd63] #7580671
05/09/22 04:13 PM
05/09/22 04:13 PM
Joined: Mar 2007
Posts: 33,529
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 33,529
McGrath, AK
Originally Posted by jbyrd63
Seems like the guys on here that thought I was nuts when I said Bitcoin would drop like a teenage boys pants on prom night are silent !
Yep my 8 ball was right again !
Down over 50 percent from its high few months ago



Is there anyone who didn't predict this ?

Cryptocurrencies' worst nightmare is coming to fruition: much higher interest rates to compete with risk assets, more government regulation debunking its original claim of being unregulated, and the argument that cryptos were an inflation hedge has been shattered. It's also impossible to argue a case for Cryptos as a store of value when Bitcoin went from 68 thousand dollars down to around 30 thousand recently. Cryptos are speculative risk assets as they are proving now by moving in lockstep with other risk assets. Crypto bulls try to associate crypto with Blockchain. The latter has a function while the former adheres to the "greater fool" theory of hoping others pay more for it than you did.

IMHO laugh


Mean As Nails
Re: Bitcoin falling Now who predicted that ? [Re: Chappy] #7580673
05/09/22 04:17 PM
05/09/22 04:17 PM
Joined: Jan 2007
Posts: 3,626
Northern Minnesota
BernieB. Offline
trapper
BernieB.  Offline
trapper

Joined: Jan 2007
Posts: 3,626
Northern Minnesota
Originally Posted by Chappy
If you bought fake money and expected this to go on forever…..”they got ya”……you traded real
Money for fake money, governments aren’t gonna allow that to go on forever!


Where does a person get this real money of which you speak? Don't think there is any real money.

Re: Bitcoin falling Now who predicted that ? [Re: jbyrd63] #7580676
05/09/22 04:20 PM
05/09/22 04:20 PM
Joined: Dec 2012
Posts: 1,168
NC - Here there and everywhere
C
coondagger2 Offline
"Brat"
coondagger2  Offline
"Brat"
C

Joined: Dec 2012
Posts: 1,168
NC - Here there and everywhere
All you guys need to know is that jbyrd is the best when it comes to predicting stocks, football games, hippie electric bikes, turkey hunting, deer hunting, hanging deer stands, basically anything he decides to do he is instantly the best in the world.

He's so humble it took me years to figure this out, but I finally did

The real bet will be how many exclamation points he will include in his response.....!!!!


Gotta live up to the nickname...
Re: Bitcoin falling Now who predicted that ? [Re: coondagger2] #7580696
05/09/22 04:58 PM
05/09/22 04:58 PM
Joined: Oct 2009
Posts: 4,997
western mn
B
bucksnbears Offline
trapper
bucksnbears  Offline
trapper
B

Joined: Oct 2009
Posts: 4,997
western mn
Originally Posted by coondagger2
All you guys need to know is that jbyrd is the best when it comes to predicting stocks, football games, hippie electric bikes, turkey hunting, deer hunting, hanging deer stands, basically anything he decides to do he is instantly the best in the world.

He's so humble it took me years to figure this out, but I finally did

The real bet will be how many exclamation points he will include in his response.....!!!!

Bamm!, there it is wink


swampgas chili and schmidt beer makes for a deadly combo

You have to remember that 1 out of 3 Democratic Voters is just as dumb as the other two.
Re: Bitcoin falling Now who predicted that ? [Re: white17] #7580718
05/09/22 05:33 PM
05/09/22 05:33 PM
Joined: Feb 2014
Posts: 9,923
Ky
J
jbyrd63 Online content OP
trapper
jbyrd63  Online Content OP
trapper
J

Joined: Feb 2014
Posts: 9,923
Ky
Originally Posted by white17
Originally Posted by jbyrd63
Seems like the guys on here that thought I was nuts when I said Bitcoin would drop like a teenage boys pants on prom night are silent !
Yep my 8 ball was right again !
Down over 50 percent from its high few months ago



Is there anyone who didn't predict this ?

Cryptocurrencies' worst nightmare is coming to fruition: much higher interest rates to compete with risk assets, more government regulation debunking its original claim of being unregulated, and the argument that cryptos were an inflation hedge has been shattered. It's also impossible to argue a case for Cryptos as a store of value when Bitcoin went from 68 thousand dollars down to around 30 thousand recently. Cryptos are speculative risk assets as they are proving now by moving in lockstep with other risk assets. Crypto bulls try to associate crypto with Blockchain. The latter has a function while the former adheres to the "greater fool" theory of hoping others pay more for it than you did.

IMHO laugh


I AGREE white but as I said earlier when I posted this I was told I was nuts. Remember the cali guy set me straight that it was going to reach NEARLY 100,000 by I'm guess he said june of this year ? That he had jumped on the down hiccup right before it was going to sky rocket. Wonder why he hasn't mouthed off on this thread.

Re: Bitcoin falling Now who predicted that ? [Re: white17] #7580903
05/09/22 09:17 PM
05/09/22 09:17 PM
Joined: May 2010
Posts: 9,046
mn north of blakely
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 9,046
mn north of blakely
Someone predicts volatility in the markets and think they are genius? Imagine that




Originally Posted by white17
Originally Posted by jbyrd63
Seems like the guys on here that thought I was nuts when I said Bitcoin would drop like a teenage boys pants on prom night are silent !
Yep my 8 ball was right again !
Down over 50 percent from its high few months ago



Is there anyone who didn't predict this ?

Cryptocurrencies' worst nightmare is coming to fruition: much higher interest rates to compete with risk assets, more government regulation debunking its original claim of being unregulated, and the argument that cryptos were an inflation hedge has been shattered. It's also impossible to argue a case for Cryptos as a store of value when Bitcoin went from 68 thousand dollars down to around 30 thousand recently. Cryptos are speculative risk assets as they are proving now by moving in lockstep with other risk assets. Crypto bulls try to associate crypto with Blockchain. The latter has a function while the former adheres to the "greater fool" theory of hoping others pay more for it than you did.

IMHO laugh


Ken, this current drop in Bitcoin isn't it's biggest percentage wise. You and I both know percentages are the only thing that matters. Probably not in the top three. It dropped something like 85 percent from it's high of 19,xxx in 2017. If it drops that from it's high of 69,xxx we will be looking at somewhere just north of 10,000. South of 20, I'm buying.

As far as government regulations, they better be careful. Gresham's law might take effect. I'm not hoping others pay more for it than I did, I'm hoping someday we will go back to a sound money principal, I'd prefer a gold standard. For me BYC is a game if you will, it won't surprise me if it goes to zero and I'll be equally surprised if it goes north of 250k or equivalent. The thing is if it does 250k won't buy what it once did lol.

As far as the Kentucky wonders prediction, I said I expected it to go below 30k and most likely 25 before the next leg up. I also have said that I expect silver to break below the 20 dollar barrier, it's getting close.

YTD the s&p is down roughly 17 percent, I wonder how much BTC is down since Jan 1.....

Has the FED been stimulating BTC same as traditional markets?


"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
Re: Bitcoin falling Now who predicted that ? [Re: jbyrd63] #7580921
05/09/22 09:37 PM
05/09/22 09:37 PM
Joined: Mar 2009
Posts: 1,110
Akron, Ohio
bass10 Offline
trapper
bass10  Offline
trapper

Joined: Mar 2009
Posts: 1,110
Akron, Ohio
When a thread has 1133 views that is a pretty big number of readers. And when everyone that took time to post thinks you’re arrogant and obnoxious you might want to take a step back and wake up at some point in your life? But nooooo in his own little world he’s brilliant.


"The more people I meet the more I love my dog!"
Re: Bitcoin falling Now who predicted that ? [Re: jbyrd63] #7580941
05/09/22 09:48 PM
05/09/22 09:48 PM
Joined: Oct 2009
Posts: 4,997
western mn
B
bucksnbears Offline
trapper
bucksnbears  Offline
trapper
B

Joined: Oct 2009
Posts: 4,997
western mn
BAMM, BAMM, ! cool
I'll make a prediction that he'll come back and argue.
He's RIGHT ya know and wants to PROVE IT.
OK, LOL,LOL!!,


swampgas chili and schmidt beer makes for a deadly combo

You have to remember that 1 out of 3 Democratic Voters is just as dumb as the other two.
Re: Bitcoin falling Now who predicted that ? [Re: jbyrd63] #7580964
05/09/22 10:18 PM
05/09/22 10:18 PM
Joined: May 2010
Posts: 9,046
mn north of blakely
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 9,046
mn north of blakely
Dave, you didn't use enough exclamation points. Exclamation points are like cowbells, can never have enough!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!11



"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
Re: Bitcoin falling Now who predicted that ? [Re: jbyrd63] #7580967
05/09/22 10:20 PM
05/09/22 10:20 PM
Joined: Oct 2009
Posts: 4,997
western mn
B
bucksnbears Offline
trapper
bucksnbears  Offline
trapper
B

Joined: Oct 2009
Posts: 4,997
western mn
grin
Excellent!!!!.


swampgas chili and schmidt beer makes for a deadly combo

You have to remember that 1 out of 3 Democratic Voters is just as dumb as the other two.
Re: Bitcoin falling Now who predicted that ? [Re: jbyrd63] #7580972
05/09/22 10:30 PM
05/09/22 10:30 PM
Joined: May 2010
Posts: 9,046
mn north of blakely
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 9,046
mn north of blakely


"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
Re: Bitcoin falling Now who predicted that ? [Re: Steven 49er] #7581214
05/10/22 10:36 AM
05/10/22 10:36 AM
Joined: Mar 2007
Posts: 33,529
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 33,529
McGrath, AK
Originally Posted by Steven 49er



Has the FED been stimulating BTC same as traditional markets?



In an indirect way I think they have. All that stimulus sloshing around while everyone was living in the basement I believe added immensely to the meme stock debacle and to the bitcoin craze.

Although I don't think that was the Fed's intention.


Mean As Nails
Re: Bitcoin falling Now who predicted that ? [Re: white17] #7581271
05/10/22 11:51 AM
05/10/22 11:51 AM
Joined: Dec 2006
Posts: 15,143
Rodney,Ohio
SNIPERB🦝 Offline
trapper
SNIPERB🦝  Offline
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Joined: Dec 2006
Posts: 15,143
Rodney,Ohio
Originally Posted by white17
Originally Posted by Steven 49er



Has the FED been stimulating BTC same as traditional markets?



In an indirect way I think they have. All that stimulus sloshing around while everyone was living in the basement I believe added immensely to the meme stock debacle and to the bitcoin craze.

Although I don't think that was the Fed's intention.

That would be a small part of it at best. It was trading around 9k and was pretty flat for months afterwards. It was already to 20k after the second then the Biden stimulus it was almost 50k. Unemployment checks was a biggef factor methinks because they were overgenerous.

Re: Bitcoin falling Now who predicted that ? [Re: jbyrd63] #7581273
05/10/22 11:53 AM
05/10/22 11:53 AM
Joined: Dec 2006
Posts: 15,143
Rodney,Ohio
SNIPERB🦝 Offline
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SNIPERB🦝  Offline
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Joined: Dec 2006
Posts: 15,143
Rodney,Ohio
Originally Posted by white17
Originally Posted by Steven 49er



Has the FED been stimulating BTC same as traditional markets?



In an indirect way I think they have. All that stimulus sloshing around while everyone was living in the basement I believe added immensely to the meme stock debacle and to the bitcoin craze.

Although I don't think that was the Fed's intention.

That would be a small part of it at best. It was trading around 9k and was pretty flat for months afterwards. It was already to 20k after the second then the Biden stimulus it was almost 50k. Unemployment checks was a biggef factor methinks because they were overgenerous.

Re: Bitcoin falling Now who predicted that ? [Re: jbyrd63] #7581378
05/10/22 03:09 PM
05/10/22 03:09 PM
Joined: Mar 2007
Posts: 33,529
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 33,529
McGrath, AK
Good point. I had forgotten the unemployment fiasco


Mean As Nails
Re: Bitcoin falling Now who predicted that ? [Re: jbyrd63] #7581690
05/10/22 10:38 PM
05/10/22 10:38 PM
Joined: May 2010
Posts: 9,046
mn north of blakely
S
Steven 49er Offline
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Steven 49er  Offline
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S

Joined: May 2010
Posts: 9,046
mn north of blakely
The FED purchased billions of corporate debt and MBS.


The payroll protection program was basically a corporate bail out.

The unemployment and stimulus money to the people was peanuts compared to that.


"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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