🇨🇦 The deepfakes are getting really scary. There was one in Canada of our PM and Secretary of Finance “recommending” Bitcoin. People lost serious money.
🇨🇦 The deepfakes are getting really scary. There was one in Canada of our PM and Secretary of Finance “recommending” Bitcoin. People lost serious money.
You sure they didn’t actually recommend Bitcoin? It’s pretty mainstream. bitcointreasuries.net
That said. The Orange Turd literally turned the White House into a Tesla dealership and did everything except sit on the car hood and wave his boobs. 🤦♂️
Yes, the Cheeto is repulsive. Are we entertained? This is what we get for electing actors. lol
🇨🇦 Actually, this we is Canadian. But I couldn’t agree more. I’ve never hated a living politician more than him. Actually wish him a lingering, painful, terminal illness. Preferably one that includes uncontrollable explosive diarrhea. Adult diapers stat!
🇨🇦 Actually, it would be pretty unusual for the PM of Canada to shill for any specific investment, commodity, etc. Seems like a conflict of interest. Simply encouraging investment in Canada would be more appropriate and expected.
The fact you’re willing to even entertain them as real shows how insidious they are. They’ve been used to spread political disinformation. Scam people out of money. Etc. And you literally can’t tell the difference. Have you seen the one of Obama being arrested in the Oval Office? Posted BY Trump!
I don’t know that I’ve seen any of them, but bitcoin is being regularly discussed at the highest levels. Again, spotting the different between Bitcoin and “crypto” is key.
See my prior reply. That said. I have no problem with you, or anyone else, investing in Bitcoin. Not for me. And I would never recommend it for the same reason I don’t invest in it. I don’t understand it, so I couldn’t explain why I thought it was a good investment. Actually, I would never advise…
…others on investments. Way too much pressure. Except to advise them to talk to an expert.
🇨🇦 The deepfakes are running rampant here. Carney went on TV to warn of all sorts of things being “suggested” in deepfakes. I’ve attached an article specifically about crypto being pushed by multiple political figures including Carney pushing crypto. www.ctvnews.ca/toronto/cons...
Agreed, avoid “crypto” bitcoin only, everything else is 100% scam, spread the word.
🇨🇦 Sorry my friend. I won’t invest in anything that I don’t understand. I’ve seriously tried to understand blockchain technology. I’ve got a BComm from the University of Toronto, which required 5 math courses at various levels. And I love math. But maybe I’ve become stupid in my old age. I don’t…
…get it at all. I tried Ted Talks, YouTube videos, articles, podcasts…I really wanted to understand this thing. But it’s still just a black box for me. Money goes in. Stuff happens. I’m supposed to get more money out. I have to stick to mutual funds, GIC’s, etc. I’m risk averse anyhow. But, because…
…I started it many years ago, one of the mutual funds I’m in has a $25k buy in. Averaged almost 14% over the last 18 years. Mostly boring stuff other than that one. I like boring. It’s safe. BTW. Not to blow my own horn. But I got straight A’s in my university math courses. I think few really…
…understand blockchain. It reminds me of quantum mechanics. Which I find fascinating actually. But there’s an old quote from Richard Feynman “If you think you understand quantum mechanics, you don’t understand quantum mechanics.” Seems similar with blockchain.
Yes! And even experts on investments don't know for sure and get it wrong sometimes. E.g., bank guy had me buy = amounts of Apple and BlackBerry as = risk & likely gain. Très différent! Figure don't invest in risky if you can't afford to lose it, even if you think you understand it. R Feynman 👍🏻!
No worries, the landscape really couldn’t be more confusing, did you study blockchain or Bitcoin? I’m not asking for anyone to invest, I’m here to educate.
Actually, now that I think about it, I looked at Bitcoin as well. On its own.
Blockchain. But they all use blockchain technology. Now you’re getting some “crypto” currencies that are backed by some currency. Usually the US dollar. Doesn’t that defeat the whole purpose of crypto? Some are even literally assets. They market crap like Trump coins (I know he also has crypto) as…
…though they ARE crypto somehow. They’re not supposed to be regulated by ANY government. It’s part of their big attraction, no? I could be misunderstanding all of this as well. Who knows? 😜
Whoa! Real people, reliable authorities! 🤦🏼♀️ I've recently had a LOT of pop-up ads recommending crypto Bitcoin. Especially one with two guys chatting: A: it's so hard to save! B: I've been investing in crypto Bitcoin and have a very good amount of savings now, it's easy and not too late to start! 😳
🇨🇦 Anytime you hear easy and make a lot of money? Run, don’t walk, the other way!
Don’t trust random online Bitcoin bro’s, nothing but trouble.
It had scam written all over it IMO, so I didn't even check how I, too, could make a lot of money. 🤦🏼♀️ Some things may work out or you could lose substantially, like stock. My ex bought a lot of tech stock on margin with OUR money right before the crash.
🇨🇦 My Dad lost his shirt TWICE playing the market on margin. I shit you not. TWICE! And that was before the internet. He had to actually have a stock broker and call in every single buy or sell order.
I didn't even know then there was such a thing as buying on margin. My husband certainly didn't tell me that's what he was doing. Twice?? Oh, no!
Yeah. We always heard about it if he had a great week. Never heard a word when he lost money. He wanted us to think he never lost. BOTH TIMES! My poor Mom. He should have left her very comfortably when he died. He was a very successful optometrist. She was OK, but had to be cautious to get by.
That's exactly like my husband - "We made $30,000 today!" but no mention of days when stock went down or stayed the same. The gains were, of course, only on paper. My only slight upside is half the 100s of 1000s of Long Term Capital Loss in the divorce, so a $3,000 income tax deduction each year. 😏
I’ve changed mindset, for me, bitcoin isn’t investing, it’s opting out of debasement permanently. I won’t be selling bitcoin for the failing dollar, it’s not going to stop failing unless the govt’s of the world stop pulling the levers to print and debase (hint, they can’t stop or it’ll collapse).
Just thought of something. Not arguing, I’m just curious. You’re not going to sell your Bitcoin for the falling dollar. What are you going to do with it? There are currently few places that accept Bitcoin as payment. You must have some actual dollars just for things like groceries, gas, etc.
The app keeps track of everything and spits a tax form out for your cap/ gains/losses over time. It’s very easy to live on a Bitcoin standard.
There are apps that let you spend seamlessly along side your local currency. Strike App, Cashapp. I’ll spend it for the things I need, but yeah, sell for “profit”? No. This assumes I didn’t just lose my keys in a boating accident… so sad.
I don’t understand it so I can’t debate about it in a meaningful way. That said. Nobody’s forced to keep the “falling dollar”. I’m Canadian so it’s a bit different. But one could simply buy gold and your out of the currency business.
Yep, fairly stable. www.ceicdata.com/en/indicator...