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OT: 11 Bitcoin ETFs Approved by SEC.

gamecock stock said:
I hope he is right. My crypto exposure is in 5 miners which are up this morning 24%, 23%, 21%, 14% and 1%. I am monitoring closely. I expect bitcoin to go down to the 42,000-45,000 region, if not more imminently now, sometime in 2025. Bottom line: Be careful my friends. Don't fall in love.
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Cool. What are stock tickers (abbreviations) of those miner's you've invested in?
 
BTC $84K. This could get nuts soon. The Trump, Global Liquidity and Money Printing effect in full gear.

All of the no-coiners were warned on this site several times.
 
Ward Jr said:
Ha. Why not post publicly? If someone invests, all is does is add to your stack.
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You know, I used to regulate the sales of investment products in the state. I know that YOU would do your homework. But, I'm not sure others would. So, I don't like putting out specific investment choices on a public forum. I will be happy to send to you what I'm in if you want to give me your email address.
 
gamecock stock said:
You know, I used to regulate the sales of investment products in the state. I know that YOU would do your homework. But, I'm not sure others would. So, I don't like putting out specific investment choices on a public forum. I will be happy to send to you what I'm in if you want to give me your email address.
Click to expand...

That's what this thread is all about. Bitcoin itself is a do-your-own research. I've thrown Chainlink out there as well.

Let's see those miners. :)
 
I'll kick it off.

I've held VanEck Vectors Gold Miners ETF ($GDX) and iShares MSCI Global Metals & Mining Producers ETF ($PICK)*

*Do Your Own Research
 
Ward Jr said:
Stock - This makes zero sense. There's no liability and all you will be doing to adding exposure to your investment.
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Based on my past career, I am just sensitive to putting out my specific investments on a public forum. Again, I will be glad to send them to you directly. Then what you do with them is on you.
 
gamecock stock said:
Based on my past career, I am just sensitive to putting out my specific investments on a public forum. Again, I will be glad to send them to you directly. Then what you do with them is on you.
Click to expand...

OK. Send the info via direct conversation on this site.

To send a private message, known as a "conversation," on the Rivals forums, follow these steps:
  1. Access the User's Profile:
    • Click on the username of the member you wish to message.
    • This action will open a pop-up window with their profile information.
  2. Initiate the Conversation:
    • In the pop-up window, look for the "Start a conversation" option.
    • Clicking this will open a new message window where you can compose your private message.
 
Ward Jr said:
OK. Send the info via direct conversation on this site.

To send a private message, known as a "conversation," on the Rivals forums, follow these steps:
  1. Access the User's Profile:
    • Click on the username of the member you wish to message.
    • This action will open a pop-up window with their profile information.
  2. Initiate the Conversation:
    • In the pop-up window, look for the "Start a conversation" option.
    • Clicking this will open a new message window where you can compose your private message.
Click to expand...
Very good. And I'll comment on your other investments as well. :)
 
I posted yesterday evening that bitcoin is "looking good for 100,000". Things can and do change and I change with it. I've given some thought this afternoon to either cashing out and adding to my cash pile, or simply trimming to 5% of my portfolio. It was 6% earlier. It's probably 7% now, don't want to take the time to calculate. It keeps moving along upwards. But, my finger is on the trigger. Just sayin. It's a tough call. At least it is for me.
 
uscwatson21 said:
This is going to be the worse part of the Trump administration.

The brazen and open attempts to use treasury funds to inflate the price of Bitcoin for certain people to profit from it.
Click to expand...

Or help clear the national debt which your party had by far the largest hand in so Americans don't get suffocated by inflation?

Not to mention, if you think that the price of Bitcoin is going up, why complain and not just invest?

You could totally remodel your Foxhole.

This is far more transparent than mental midget Nancy Pelosi shorting shorts on news she received before the public.

That's the opposite of transparent.
 
Ward Jr said:
View embedded media
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There should be a ban that any elected Government official or presidential-appointed official from owning any Bitcoin for that 5-year period- otherwise a huge conflict of interest. If there's not, that information does get out, which will lead to a public backlash at the next elections.

On another subject, we better hope that the national debt and budget deficit are significantly dealt with. Spending better be cut. If not, get ready for the sh_t to hit the fan. WE will ALL suffer in the resulting debt crisis, which will hit in the next 2 years. If there's luck, it will hit in the next 4 years. But I would not count on luck. I expect it to hit in the next 2 years. The budget deficit last year was $1.8 Trillion. But the debt growth during the past fiscal year was even larger at $2.3 Trillion. The debt mess was caused by BOTH parties.

There are only a few things that can be cut. We need to cut Social Security, Medicare and National Defense, which would be extremely unpopular. Count me as a sceptic here. So, get ready for it to hit the fan and blow back on ALL of us. The only good news about the coming debt crisis is that there will be investment pockets to make life-changing riches. That is something I am currently researching so as to make sure my portfolio is positioned to take advantage of the coming crisis. As I have said before, I voted for Harris. But Trump is going to be all of ours President. We ALL should pull for him to be successful. I, for one, am. I do NOT want to see a debt crisis. Sadly, I expect it. So, I am going to make sure that my portfolio is positioned to take advantage of it.
 
gamecock stock said:
There should be a ban that any elected Government official or presidential-appointed official from owning any Bitcoin for that 5-year period- otherwise a huge conflict of interest. If there's not, that information does get out, which will lead to a public backlash at the next elections.

On another subject, we better hope that the national debt and budget deficit are significantly dealt with. Spending better be cut. If not, get ready for the sh_t to hit the fan. WE will ALL suffer in the resulting debt crisis, which will hit in the next 2 years. If there's luck, it will hit in the next 4 years. But I would not count on luck. I expect it to hit in the next 2 years. The budget deficit last year was $1.8 Trillion. But the debt growth during the past fiscal year was even larger at $2.3 Trillion. The debt mess was caused by BOTH parties.

There are only a few things that can be cut. We need to cut Social Security, Medicare and National Defense, which would be extremely unpopular. Count me as a sceptic here. So, get ready for it to hit the fan and blow back on ALL of us. The only good news about the coming debt crisis is that there will be investment pockets to make life-changing riches. That is something I am currently researching so as to make sure my portfolio is positioned to take advantage of the coming crisis. As I have said before, I voted for Harris. But Trump is going to be all of ours President. We ALL should pull for him to be successful. I, for one, am. I do NOT want to see a debt crisis. Sadly, I expect it. So, I am going to make sure that my portfolio is positioned to take advantage of it.
Click to expand...

Spot on. After entitlement spending like Medicare/Social Security and defense, there just isn’t much of what’s left to make any measurable cuts.
 
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uscwatson21 said:
Spot on. After entitlement spending like Medicare/Social Security and defense, there just isn’t much of what’s left to make any measurable cuts.
Click to expand...
THAT (and interest) makes up the meat of the Federal budget. People say let's cut Medicaid because it's a "poor peoples" program. WRONG. That would be nowhere near enough to cut anyway. My mother was in an assisted living facility for the last 3 1/2 years of her life. It cost us $5,000/month for that care back then. She passed away 5 years ago. I cannot imagine what the cost would be today. My brother and I were in a position to pay it. But many, many people in that facility were not. They were not some poor minority people. They were white middle class people. I spoke to some of their relatives. They were not in a position to cover the cost. So, they depended on Medicaid to pay for their parents' care. And let me tell you something. If you don't pay, those assisted living facility people don't care. They will throw out your parents, if you fall in the cracks to not qualify for Medicaid. They are in business to make money. I saw that happen.
 
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gamecock stock said:
There should be a ban that any elected Government official or presidential-appointed official from owning any Bitcoin for that 5-year period- otherwise a huge conflict of interest. If there's not, that information does get out, which will lead to a public backlash at the next elections.

On another subject, we better hope that the national debt and budget deficit are significantly dealt with. Spending better be cut. If not, get ready for the sh_t to hit the fan. WE will ALL suffer in the resulting debt crisis, which will hit in the next 2 years. If there's luck, it will hit in the next 4 years. But I would not count on luck. I expect it to hit in the next 2 years. The budget deficit last year was $1.8 Trillion. But the debt growth during the past fiscal year was even larger at $2.3 Trillion. The debt mess was caused by BOTH parties.

There are only a few things that can be cut. We need to cut Social Security, Medicare and National Defense, which would be extremely unpopular. Count me as a sceptic here. So, get ready for it to hit the fan and blow back on ALL of us. The only good news about the coming debt crisis is that there will be investment pockets to make life-changing riches. That is something I am currently researching so as to make sure my portfolio is positioned to take advantage of the coming crisis. As I have said before, I voted for Harris. But Trump is going to be all of ours President. We ALL should pull for him to be successful. I, for one, am. I do NOT want to see a debt crisis. Sadly, I expect it. So, I am going to make sure that my portfolio is positioned to take advantage of it.
Click to expand...

Are you trolling?

Unlike Congress and their insider trader, this administration is literally on a bull horn telling the American public what they plan on doing.

Americans now have the opportunity to plan according.

Same with those in Congress.

As for cutting spending, I'm too lazy to write this out so let's see what AI thinks:

Cutting Social Security, Medicare, and National Defense would not significantly alleviate the national debt for several reasons:
  1. Political and Social Resistance: These programs are politically sensitive and deeply ingrained in the social fabric of the U.S. Cutting Social Security or Medicare could lead to significant public backlash, as they are vital for millions of Americans' retirement and healthcare needs. National Defense, on the other hand, is often seen as essential for national security, and cuts here would be equally contentious due to geopolitical considerations.
  2. Economic Impact:
    • Social Security: This program is primarily self-funded through payroll taxes, and any significant cuts might reduce economic activity by decreasing disposable income for seniors, which could in turn decrease consumer spending, a significant component of GDP.
    • Medicare: Cutting Medicare could lead to reduced healthcare services, which might increase emergency healthcare costs in the long run, negating some of the savings. Moreover, healthcare spending supports a substantial part of the economy, and cuts here could ripple through various sectors.
  3. Defense Spending: While defense is a large part of discretionary spending, it's relatively smaller compared to mandatory spending like Social Security and Medicare. Reducing military spending might not yield as much savings as anticipated due to ongoing commitments and the strategic necessity of maintaining certain levels of military readiness. Furthermore, defense spending also supports numerous jobs and can stimulate economic activity through defense contracts.
  4. Debt Structure: Much of the federal debt is compounded by interest payments, which have been escalating due to rising interest rates and increased borrowing. Even if spending on these programs were cut, the immediate impact on the national debt might be minimal because interest on the existing debt would continue to grow.
  5. Long-term vs. Short-term Effects: While cuts might reduce future spending, the immediate effect on the debt might be less significant due to the structure of federal spending where a large portion is already committed through mandatory programs. Moreover, any economic contraction caused by these cuts could reduce tax revenues, potentially offsetting some of the savings from the reduced spending.
  6. Alternative Fiscal Measures: Posts on X and expert analyses suggest that at this point, even substantial cuts in these areas might not drastically alter the debt trajectory without complementary measures like tax increases or other revenue enhancements. The national debt has reached a level where spending cuts alone are insufficient to manage it effectively over the short term.

In summary, while cutting these programs would theoretically reduce government outlays, the practical, political, and economic implications suggest that such measures would not provide a straightforward solution to reducing the national debt without causing significant social and economic disruption.
 
gamecock stock said:
THAT (and interest) makes up the meat of the Federal budget. People say let's cut Medicaid because it's a "poor peoples" program. WRONG. That would be nowhere near enough to cut anyway. My mother was in an assisted living facility for the last 3 1/2 years of her life. It cost us $5,000/month for that care back then. She passed away 5 years ago. I cannot imagine what the cost would be today. My brother and I were in a position to pay it. But many, many people in that facility were not. They were not some poor minority people. They were white middle class people. I spoke to some of their relatives. They were not in a position to cover the cost. So, they depended on Medicaid to pay for their parents' care. And let me tell you something. If you don't pay, those assisted living facility people don't care. They will throw out your parents, if you fall in the cracks to not qualify for Medicaid. They are in business to make money. I saw that happen.
Click to expand...

Indeed.

The plan is for the Republicans to pass all this crazy legislation then be out of office in time for the general public to blame the democrats for the disorder and chaos.
 
Ward Jr said:
Are you trolling?

Unlike Congress and their insider trader, this administration is literally on a bull horn telling the American public what they plan on doing.

Americans now have the opportunity to plan according.

Same with those in Congress.

As for cutting spending, I'm too lazy to write this out so let's see what AI thinks:

Cutting Social Security, Medicare, and National Defense would not significantly alleviate the national debt for several reasons:
  1. Political and Social Resistance: These programs are politically sensitive and deeply ingrained in the social fabric of the U.S. Cutting Social Security or Medicare could lead to significant public backlash, as they are vital for millions of Americans' retirement and healthcare needs. National Defense, on the other hand, is often seen as essential for national security, and cuts here would be equally contentious due to geopolitical considerations.
  2. Economic Impact:
    • Social Security: This program is primarily self-funded through payroll taxes, and any significant cuts might reduce economic activity by decreasing disposable income for seniors, which could in turn decrease consumer spending, a significant component of GDP.
    • Medicare: Cutting Medicare could lead to reduced healthcare services, which might increase emergency healthcare costs in the long run, negating some of the savings. Moreover, healthcare spending supports a substantial part of the economy, and cuts here could ripple through various sectors.
  3. Defense Spending: While defense is a large part of discretionary spending, it's relatively smaller compared to mandatory spending like Social Security and Medicare. Reducing military spending might not yield as much savings as anticipated due to ongoing commitments and the strategic necessity of maintaining certain levels of military readiness. Furthermore, defense spending also supports numerous jobs and can stimulate economic activity through defense contracts.
  4. Debt Structure: Much of the federal debt is compounded by interest payments, which have been escalating due to rising interest rates and increased borrowing. Even if spending on these programs were cut, the immediate impact on the national debt might be minimal because interest on the existing debt would continue to grow.
  5. Long-term vs. Short-term Effects: While cuts might reduce future spending, the immediate effect on the debt might be less significant due to the structure of federal spending where a large portion is already committed through mandatory programs. Moreover, any economic contraction caused by these cuts could reduce tax revenues, potentially offsetting some of the savings from the reduced spending.
  6. Alternative Fiscal Measures: Posts on X and expert analyses suggest that at this point, even substantial cuts in these areas might not drastically alter the debt trajectory without complementary measures like tax increases or other revenue enhancements. The national debt has reached a level where spending cuts alone are insufficient to manage it effectively over the short term.

In summary, while cutting these programs would theoretically reduce government outlays, the practical, political, and economic implications suggest that such measures would not provide a straightforward solution to reducing the national debt without causing significant social and economic disruption.
Click to expand...
I never troll, unlike you. I'm just providing a friendly warning, hoping to be helpful. Get ready for that "significant social and economic disruption" that is coming, cuts or no cuts. Take cover and care.
 
gamecock stock said:
Again, get ready for that "significant social and significant economic disruption" that's coming, cuts or no cuts. Take cover and care.
Click to expand...

Take cover?

We've been taking cover for 4 years.

It's time to do the opposite.

They aren't cutting these programs for Americans.

They will likely increase spending for Defense.

Watson will continue to be able to troll on our dime.

He just might also have to do a little work as his DEI commander could be out of a job.
 
Ward Jr said:
Take cover?

We've been taking cover for 4 years.

It's time to do the opposite.

They aren't cutting these programs for Americans.

They will likely increase spending for Defense.

Watson will continue to be able to troll on our dime.

He just might have to do a little work as his DEI boss could be out of a job.
Click to expand...
I could be all wrong about you but, I would think you know we need to do something about the debt. I have been posting about that long before now. I'm really not trying to cause trouble. I am SINCERELY concerned about what I believe is a meteor about to hit us. Trust me when I say I want to be wrong. I don't have time to debate. I have to run and do other things. Bye.
 
gamecock stock said:
I could be all wrong about you but, I would think you know we need to do something about the debt. I have been posting about that long before now. I'm really not trying to cause trouble. I am SINCERELY concerned about what I believe is a meteor about to hit us. Trust me when I say I want to be wrong. I don't have time to debate. I have to run and do other things. Bye.
Click to expand...

+ Stop sending all of our taxpayer money to Ukraine for people slaughtered
+ Dramatically cut the size of our government
+ Bring industry back to America and raise GDP
+ BTC Reserve Fund
+ Stop Stuffing Bills with a boatload of special interest group crap.
+ Stop spending over $100 Billion a year on Illegal Immigrants
+ Make Other Countries Pay Their Debts (The EU alone owes us $300 Billion)
+ Have China and others pay tariffs
+ Export Oil
 
After an up day in my crypto miners yesterday, an epic day for the ages, I expected a pullback today. But 3 of my 5 crypto miners finished up, accounting for 66% of my crypto investment. Most of these miners will go bankrupt. My crypto portfolio is full at 7.57% of my total portfolio, way overweight. But holding tight, for now.
 
Last edited:
gamecock stock said:
After an up day in my crypto miners yesterday, an epic day for the ages, I expected a pullback today. But 3 of my 5 crypto miners finished up, accounting for 66% of my crypto investment. My crypto portfolio is full. Holding tight, for now.
Click to expand...

Ha. Keep us posted Stock. :)

I'm expecting a short consolidation period before it attacks the next Fib level around $102,000.

Once that happens, all bets are off as it's unchartered territory.

The "Chartists" become witnesses.

We'll likely have a drop or two back below $100K during that process and well within the bull.
 
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