Non Footy Chat Thread II

[TheCrowe]

And because the asset is backed by no underlying business fundamentals, the price is entirely driven by FOMO. Dickheads crow about how much money they made and then tell desperate losers they need to buy. Buy from whom? Someone who needs you to buy so they can convert their bullshit electronic money for real, stable money backed by a government.

I'm not telling anyone to buy and my crypto can be converted to dollars in a few seconds. Sold 2 small lots today for $US. If you don't like it, don't buy it. Simple
Now tell me about how gold is backed by a solid underlying business plan. Its really just a pretty rock.

 

[Poupou Escobar]

I'm not telling anyone to buy and my crypto can be converted to dollars in a few seconds. Sold 2 small lots today for $US. If you don't like it, don't buy it. Simple
Now tell me about how gold is backed by a solid underlying business plan. Its really just a pretty rock.

I also think gold and silver are shit investments.

 

[Avenger]

It’s not the buying and selling that matters, it’s the factors that determine price and value. Crypto has no inherent value. These days it merely exists to be traded.

It doesn’t matter if it doesn’t have Intrinsic value or inherent worth, like physical assets or income-producing properties.


It does have subjective value and is determined by collective trust and societal agreement. Bitcoin derives its value from its utility, scarcity, and the belief in its decentralised system.


Fiat currency is no longer backed by anything, which is a major factor driving rampant inflation worldwide. Bitcoin’s halving mechanism is anti inflationary and ensures that financial powerhouses like the US system can’t destabilise the global economy unchecked. This is also why figures like Trump and his allies have suddenly become crypto advocates. Even they recognise that the current system is unsustainable.

 

[TheCrowe]

I also think gold and silver are shit investments.

Gold is ok as a hedge in inflationary conditions but I wouldn't either. Crypto is high risk but just like any other market, its worth what someone will pay you for it. There have been many bubbles throughout modern history and most coins are just that but to gain high rewards you generally have to accept high risk. If you cant accept risk it is not the asset for you.

 

[Avenger]

Gold is ok as a hedge in inflationary conditions but I wouldn't either. Crypto is high risk but just like any other market, its worth what someone will pay you for it. There have been many bubbles throughout modern history and most coins are just that but to gain high rewards you generally have to accept high risk. If you cant accept risk it is not the asset for you.

This is the same genius who told me investing in the Sydney property market was a bad idea back in the early 2010s. I didn’t listen, while he’s stuck paying high rents.

 

[the phantom menace]

We don’t need traditional media any more. Big Tech decided the last three US elections ffs

I thought someone said that in another thread that "you were having a little break from here"?

Guess at your rate a 24hr gap without posting is a break of sorts... Welcome back merkin.

 

[Avenger]

The idiot woke left destroying another great brand. @Gronk and @the phantom menace must be in charge. Even Jaguar’s response to criticism has similar themes.

#f**kwits


‘Hatred’: Jaguar erupts over brand backlash
https://www.news.com.au/technology/...e/news-story/08209638e503aae08ec45b47b807467e

 

[the phantom menace]

The idiot woke left destroying another great brand. @Gronk and @the phantom menace must be in charge. Even Jaguar’s response to criticism has similar themes.

#f**kwits


‘Hatred’: Jaguar erupts over brand backlashView attachment 96969
https://www.news.com.au/technology/...e/news-story/08209638e503aae08ec45b47b807467e

What's exactly gone wrong here - a company has changed it's logo...?

And they've had a relaunch, with some James Brown style-alikes in the 30min commercial...?

I guess people looking for a daily whinge will find a whinge somewhere.

 

[Poupou Escobar]

The idiot woke left destroying another great brand. @Gronk and @the phantom menace must be in charge. Even Jaguar’s response to criticism has similar themes.

#f**kwits


‘Hatred’: Jaguar erupts over brand backlashView attachment 96969
https://www.news.com.au/technology/...e/news-story/08209638e503aae08ec45b47b807467e

They are losing market share and had to do something (melo)dramatic. Why not pick a side of the culture wars (the wealthy side) and give merkins another way to virtue signal? They will be hoping to pick up disaffected Tesla drivers whose vehicles are no longer fit for virtue signalling purpose.

 

[Avenger]

What's exactly gone wrong here - a company has changed it's logo...?

And they've had a relaunch, with some James Brown style-alikes in the 30min commercial...?

I guess people looking for a daily whinge will find a whinge somewhere.

Once again, you’re part of the woke minority, loudly crying about injustice.

YAY!!!!!!!!

 

[Gronk]

The idiot woke left destroying another great brand. @Gronk and @the phantom menace must be in charge. Even Jaguar’s response to criticism has similar themes.

#f**kwits


‘Hatred’: Jaguar erupts over brand backlashView attachment 96969
https://www.news.com.au/technology/...e/news-story/08209638e503aae08ec45b47b807467e

You're doing that @Gronk thing again. What are you triggered about now ?

 

[Gronk]

They are losing market share and had to do something (melo)dramatic. Why not pick a side of the culture wars (the wealthy side) and give merkins another way to virtue signal? They will be hoping to pick up disaffected Tesla drivers whose vehicles are no longer fit for virtue signalling purpose.

Some guy with a ponytail knew you'd say that.

IIRC Jaguar are now owned by an Indian company and have not actually released a car for yonks (although their Project 8 was apparently a beast). So they clearly have a new car(s) coming and gee haven't they got a tongues wagging ? When the car(s) are released, everyone will sure have a look now.

I am not sure why everyone is up in arms about it. It looks to me that their target market is China EV luxury.

 

[the phantom menace]

Once again, you’re part of the woke minority, loudly crying about injustice.

YAY!!!!!!!!

What am I woke crying out about exactly?

Trying to decipher your post, and arriving at a nothing to see here reply?

A little bit like that Paris Olympics opening ceremony "outrage" which amounted to a similar nothing...

 

[Avenger]

You're doing that @Gronk thing again. What are you triggered about now ?

What are you, Zlatan now?

 

[Avenger]

What am I woke crying out about exactly?

Trying to decipher your post, and arriving at a nothing to see here reply?

A little bit like that Paris Olympics opening ceremony "outrage" which amounted to a similar nothing...

I’m not outraged, I’m just laughing at how typical all this is. And yes, again you are in the minority.

YAY!!!!

 

[the phantom menace]

I’m not outraged, I’m just laughing at how typical all this is. And yes, again you are in the minority.

YAY!!!!

Interesting take... from my replies it should be clear I don't give two shits about what logo Jaguar uses, whether or not it changes its logo, and what ad campaign it runs.

I think you'll find that puts me in the majority of the population - while you continue to... curse at clouds?

You'd have to admit, yours was a worse trolling effort than any of Pou's posts!

 

[Avenger]

Interesting take... from my replies it should be clear I don't give two shits about what logo Jaguar uses, whether or not it changes its logo, and what ad campaign it runs.

I think you'll find that puts me in the majority of the population - while you continue to... curse at clouds?

You'd have to admit, yours was a worse trolling effort than any of Pou's posts!

You still virtue signalled those rainbow weirdos. Normal people can see it’s a nonsense.

 

[Twizzle]

Normal people can see it’s a nonsense.

what, preytel, are normal people ?

 

[Avenger]

what, preytel, are normal people ?

What the f**k does that mean?

 

[Incorrect]

what, preytel, are normal people ?

Preytel??!!

WTF??

Dear oh dear.... I'm screenshotting this for posterity and am going to use it as an example of someone trying to sound smug and intelligent but ending up failing embarrassingly.... Lol