GAME05

My park has the giant horse fly. The things are about 1" long and they bite. One area in particular is swampy and has horse trails, so longer grass also perfect for ticks. Ran into a guy leaving the area last week and both his arms were covered in red fly bites. Plus you'll have to scrape 40+ ticks off each horse if you ride in the summer.

I generally think anything north of the Dells and not the Dells itself, although I could be convinced of it being anything north of Stevens Point. I tend to think of 'up north' as an area of long stretches of empty country road only ever leading to one tiny town after another. There's something about it that just feels different.

In the paper written to introduce Bitcoin, the inventor (be it Nakamoto or a group of people, as we don't even know if Nakamoto exists) said this: “The root problem with conventional currencies is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.” The Fanny Mae crisis was the impetus, and I don't know if I'd say "banking crisis" so much as it's just digital currency designed to eliminate banks as the necessary middle-man for transactions. Mining crypto takes a lot of energy from the computers running 24/7, but many coins, once they've become established enough that there's a lot on the market already, move to a proof-of-stake method where more coins are introduced to the market by way of new coins as interest. Have your coins held in some staking place and you get back 4-6% (it varies) APR. I would only figure the price of Bitcoin will stabilize upon further adoption. It's still so new yet that Elon Musk can say something bad about it and tank the price 20%. It's still pretty heavily manipulated by individuals and corporations. I think to a large extent manipulated by interests who know that they can make a negative comment, make the market fall, and that's when they quietly buy in to catch the rebound. There's irony in that. Maybe Bitcoin won't even be the currency winner. Maybe it'll be one whose value is tied to the price of gold.

Thoughts for no reason other than to think out loud as I learn this very different thing from regular stock trading, Youtube, and maybe if someone tells me I'm terribly wrong which I'd appreciate: Ellio Trades is a popular Youtube channel, but he's one of those "everything is wonderful every day" sorta people who does nothing but blow smoke up your rear. I suspect he just invests heavily in whatever he's about to pump that day and then takes the percentage increase from his subscribers all jumping on. BitBoy Crypto is a little more down to earth, but they only ever say "This coin is great!" only once it's gone up 20% and you'd be buying high, so therefore what's the value in the channel? It seems impossible to find anyone who doesn't just look at the charts and tell you it's going up based on the Fibonacci Sequence and all that jazz, none of which I believe in. It's halfway impossible to find anyone who will tell you why any certain crypto is a good project and meets a market need. If stocks only went up or down based on moving averages, a bot would make everyone rich, but that's certainly not the case. Pretty convenient that when their predictions don't work, they just don't make another video admitting they're wrong. That said, one Youtube channel I'm starting to somewhat like is "Alex Becker's Channel". He seems big into investing in new projects after they initially dip, but it's beyond my knowledge on how to even get into those things. If they're not on Coinbase Pro I don't know how to do it. But beyond that these seem to be some of his/my takeaways: --Being that crypto is a bigger win/lose gain/loss risk than the regular market, why invest in lower-gain-potential coins like Bitcoin and Ethereum? --Ethereum's gas fees (transaction fees) are outrageous. Nobody will pay a $5 gas fee for a $5 item. There is still value in it now based on hype, but it won't last long-term. --Gaming and NFT crypto projects provide a more immediate use case than currency-based ones, and therefore have a bigger gain potential, or at least a sooner gain potential. --It is important to research if the crypto project has any use cases--companies actually using their product. These are better than ones which don't. Solana, for example, has a few hundred companies currently using their product. Other coins go up based on the theory of what they can do but they're less stable without use cases. --If you like a brand new project and want to get in on its Initial Coin Offering, don't get it immediately. Wait until the initial hype is over, wait until it dips (if it dips), and then buy it on the cheap. Then just give it a few months until people recognize it again and then it'll 5-10x. --I mentioned possibly getting a Crypto Wallet to a friend who is big into crypto. He said that on Coinbase or Binance it's pretty secure to leave money stored there. But elsewhere, or should I just want one, there's a company which will stamp your code words onto a metal plate. That way it's fire/water resistant and permanent, and then he sent copies to his siblings, especially should he die and they would then be able to access his accounts. --More and more I'm liking the idea of playing the dips. If crypto is going to crash 30% out of nowhere, I'm liking the idea of pulling out profits when the market is good and leaving some available money aside for when it does dip 30% in a day or week to then be able to throw some money back in. The "invest in a good company and then forget about it" is probably the appropriate Buffet-style strategy that works well in the regular market, but probably doesn't in such a volatile market as crypto. With crypto it's even harder to control the greed impulse, but I'm starting to think it's all the more necessary to do so. Like this week it dropped 30% and then went up 15% the next day. If I had pulled more money out, sure I'd have missed maybe a 5% gain, but I'd have avoided the big drop and then taken advantage of that rise. Today I pulled 20% out after that rise and plan to hold it for a second dip.

I tend to doubt McCarthy makes it past this year.

I'm not even sure Bitcoin is going to be the one coin that's primarily used as currency. It won because it was first past the post, but there has got to be better programs out there for currency. Plus El Salvador aside, the regions you'd really need for mass adoption like the US and EU, are likely going to be last to really adopt it because they have the most stable currency. Buying a Snickers with Bitcoin in Wisconsin is still probably 20 years away.

(not claiming to be an expert, but writing about it helps my own understanding) Bitcoin was started in 2008 because of the mortgage crisis tanking the economy. The problem it's trying to address is the power that centralized authorities have on the value of fiat currency. Today that might extend to printing trillions of dollars or national debt. Bitcoin folks would probably show you the Zimbabwe trillion dollar bill as one example of why bitcoin is better. It's also why bitcoin was started with a finite number of coins available to prevent inflation. And then the decentralized wave hit other avenues like applications on the internet because some issues are similar. We're entrusting most all of our information to giant companies like Google and Facebook, whereas storing our information on the decentralized blockchain is out of their control. Not sure why or how, but I do hear blockchain advocates say that transmitting data on the blockchain is faster and more secure than traditional methods, and that transactions should also be cheaper. And the new hot thing is NFTs, of attaching a coin to intellectual property (art, music) as well as video game property (the rare sword you just got in a loot crate, or valuable property you control in a massive multiplayer online game). That coin signifies ownership and also allows you to sell that property to someone else. There's also programs out there now which will allow people to gamble on another's or your own video game--the program creates a $5 coin (or whatever denomination) which is transferred to the winner of the bet and also takes a gas fee (transaction fee).

Does anyone here actually mine crypto? Based on the articles I've read (for what that's worth) it takes about eight months to reach the break-even point. Looks like companies sell rigs designed for it and they don't necessarily take up a whole room (just depends on how much you're looking to make). But it does strike me as a good potential passive income source. Granted, I have a particular barrier in that I don't know anything about computers and would have to find somebody I could pay to set it up and teach me.

If nothing else it's a big attendance boost for their G-League team, and it's not like the roster spots there are super valuable. I like Thanassis on the team. Plenty of games the Bucks open the half flat, so Thanassis is the guy you can throw in to be high-energy and hopefully lift the rest of the team up.

There's a hardware invention missing yet. Something like a credit card which would do the bitcoin-to-cash conversion for you automatically for a fee and work like a credit/debit card. When this little 'event' ends and the crypto market tanks again, my plan is to put a sizeable percentage into it with the plan to just bury it for four years. Then with play money going off Coinbase with a hardware wallet and going for some of the newest coins. Way higher risk/reward, though.

If the players there aren't any good it must not be one of those go-pro-college-prep schools. Therefore, what's the point of this school existing? Is this just a way for people to get their HS diploma without actually going to class?

Speaking of the regular market, what are peoples' thoughts on the immediate future? Michael Burry has heavily shorted the market including Arc's funds, Ray Dalio is more on the inflation train and Buffet is currently holding 31% cash which is extremely high for him. I was considering dry bulk goods shipping, but so much of that depends on Corona lockdowns continuing/expanding, and I have a hard time seeing that happening.

Not that I want anyone to get hurt, but in an odd way I really am looking for the trend to continue and the bottom to fall out of the market, when everyone says crypto is dead and worthless. Bitcoin purchased 365 days ago is almost exactly 4x today, 5x if 2019 and 6.7x in 2018. It would mean almost four years of little/no returns, but presuming the peak happens again, that's an amazing amount of money to be made. Just looking at the charts of the other coins from November of last year almost makes you sick if you didn't get in at that point (which I didn't). Granted, I guess a lot of new coins are nothing more than scams or pump-and-dumps taking advantage of the hype. And I guess with Coinbase being on the Exchange now, there's an expectation that they'll expand their offerings and one can become exposed to a lot more brand new offerings.

Not referring to TheBruce at all with this, but what I see all the time is how crypto is on a four-year cycle, or how now is the "alt-coin season." To me this just screams predicting the market based on what is really a very young lifespan of crypto. Just a few months ago everyone was saying how four years ago the market was up/down at these points and therefore it'll be the same now. At this point, early enough in my crypto-trading life, I see nothing supporting this apart from coincidence. Or even more so I see so many price-prediction videos where they're only putting a Fibonacci chart over the top but not telling you why that particular coin is better than the rest or why there's a market need for it. If Fibonacci were some guaranteed thing, you could just write a trading bot which follows it and be rich. I have the dual-authentication on Coinbase Pro but I've reached an amount of money where I think I also need a wallet. I guess there's online ones, though what's to say a bad virus doesn't also steal that. I don't love the idea of having a little USB stick worth $~~~~, but I guess it is what it is. But I suppose keeping it in the police evidence locker at work is about as safe a place as can be.

Should we split this thread between the regular market and the crypto market, or is there no call for that?

Thought it was Covid, it wasn't, and now I can only figure it was a bad bout of food poisoning. But it dehydrated me so completely that a 10' walk felt like a two-mile run. So that put me out for a week+. Other family stuff going poorly and then I made my mother cry, so there's that.

Boy you weren't wrong about the bump in the road. Cashed out about a week ago (if only I'd waited a week, but whatever). I saw the crypto market as a whole so steadily rising the past month, I figure things are a bit overvalued now, and for the most part I'm waiting until the next 20% correction. Also moved over from Coinbase to Coinbase Pro before I cashed out just to save on the fees (no fee to transfer over). My password isn't "password" and the authentication stuff is on, but now I need to learn how to trade in and out of a wallet just for added safety. Just picked up Wells-Fargo in my regular account since it's fallen the past few days. But otherwise hesitant to do much of anything on the market as I'm afraid of everything right now.

I'm suddenly picturing StoutDude sitting at a table with a bunch of friends pouring ice cream into his mouth saying "Yeah, I'm just trying to fit into my old clothes again."

I don't see how QB Rating or "if only he played with the first team" matters at all with Love. Does he hold the ball too long? Does he freeze when the pocket collapses? Can he read a defense? It's that little nuance that matters with Love, not that I can really tell one way or another. But whether he throws for 3 or 300 yards in a preseason game doesn't seem to make a difference.

Literally 1" from being eliminated from the playoffs. I saw the Nets as the biggest threat to beat the Bucks, even moreso than the Hawks or Suns, and even without Kyrie or a 100% Harden. It was the biggest hurdle. Plus against the Hawks and Suns there was always a way out if we lost a game we had won, which obviously doesn't exist in a Game 7. Oh, and coming back from being down 3-2. And what does "doesn't value a Championship enough" even mean? It reads like some kinda assessment of who is the bigger Bucks fan.

It's weird I think my biggest high didn't come from beating the Suns or the Hawks, but from when they beat the Nets.

Am in the middle of People of Earth on Hulu and liking it. Lighthearted drama about a support group for people abducted by aliens and the twist is that they're right.

Played my first nine holes of golf in at least 15 years yesterday and it was was awesome. So much fun despite having heat exhaustion by the 5th hole and suffering my way through the rest. But lesson learned, when it's 95 degrees outside, maybe don't play that day. I have no distance yet, but somehow eight of my nine drives actually went straight.

Texans would be better off suspending him. Better optics in the community, and they certainly could use the talent upgrade once they go 0-16.

Trevor Moore of "Whitest Kids You Know" died at 41 of an accident.