Official saddo financial thread

[El Kabong]

It's a bull market for NASDAQ!

[walrus]

I'll tell you my strategy for crashes. Have a coffee.

[walrus]

Hey found a little info for you guys in England looking into btc and other crypto

https://www.google.com/amp/s/amp.the...est-in-bitcoin

[brocktonblockbust]

#Plopcoin @Plopeater "it's the shit"

[walrus]

https://www.dailysignal.com/2018/04/...FFdnMifQ%3D%3D

I don't know if this shit is a concern in England but damn in the us it's all screwed up. With the hacking of the credit bureau it really screwed people. I've read about people bank and brokerage accounts being emptied. People couldn't pay rent, mortgage, car payments etc. I don't know how you resolve an issue like this. A lot of these hacks are done through smart phones. When they hack your credit rating they find your cell phone carrier and enter your account with that two factor authentication. This shit is scary, everything you have worked for for years is taken by these bastards in seconds

[Master]

We are protected up to I think £75,000

[brocktonblockbust]

walrus was so optimistic about the bitcoin stuff, now just ****crickets****

[walrus]

Bill Baruch, a cryptocurrency bull who foresaw both bitcoin’s recent slump and ensuing rally, has set a near-term bitcoin price target of $11,500 to $11,800.

Baruch, the president of Blue Line Futures, has a pretty good track record for bitcoin price predictions. In February 2018, when BTC plunged to $7,200 during the market correction, Baruch confidently forecast that bitcoin would return to $10,000.

And that’s exactly what happened. In March 2018, bitcoin’s price cleared a high of $12,971, and averaged about $10,500.

[walrus]

Damn since @Beanz mentioned buying crypto some of them have doubled, my favorite Ethereum went from 300 to now coming in at 800. This stuff is up and down but beanz is the magic man. Beanz, once a month I need you to mention purchasing crypto, thank u

[walrus]

Crypto was having a nice run then a top exchange in South Korea was raided by the government and slowed the roll

[walrus]

Warren buffet bought 72 million shares of apple

[walrus]

Very odd, according to what I’m reading bitcoin is now the worlds sixth largest currency. In 2016 analyst predicted btc would be number six in 2030. If this is true it is quite phenominal considering you couldn’t give them away when they first came out. Actually it is quite staggering. I will post sources not that anyone here seems interested right now but I want to verify through more people in the know

[walrus]

We are protected up to I think £75,000

Sorry @Master I meant to comment on this. Yes we have FDIC in the US which insures bank deposits up to 100,000 usd. It’s meant to prevent run on banks etc in economic turmoil. I have no idea if it covers hacks or theft or just the banks goin under, something I need to look into.

[walrus]

https://www.investopedia.com/ask/ans...tity-theft.asp

Nope doesn’t cover theft and they moved it up to 250,000 coverage apparently

[walrus]

Yeah as far as I can tell this is true. Btc has more value than the English pound and Russian ruble and all the countries below them. Very strange but it was predicted. When I got into it those numbers didn’t even cross my mind. Etherium, which is the crypto that interests me most is on top of a few as well. Bitcoin is a bit slow and clunky, due to its decentralization it is difficult to update and make it quicker and scalable. Many thought newer coins would over take it and that may still happen but at the rate it won’t be anytime soon. I really think it is wise for everyone to have bitcoin, although it is 7 or 8 thousand now (I think I don’t look at everyday) you could just get 50 bucks or less but the fees would eat into might make more sense to get a 100 bucks worth or so. Just see what happens, it could be something that is handy to have. Just my thoughts and it’s not financial advice