(02-19-2021, 03:00 PM)EricL Wrote:

(02-19-2021, 11:37 AM)fenders53 Wrote: UTEs are getting no love with interest rates creeping.  I may nibble but gettiing far so I need to find a different sector to build.

No doubt. I was doing some work updating my watch list last night and hadn't realized they'd dropped so much.

AEP at a 3.75% yield now and WEC at 3.25%.

Might have to spend my first dividend reinvestment on bringing up a utility in size.

(02-19-2021, 03:58 PM)divmenow Wrote:

(02-19-2021, 03:30 PM)ken-do-nim Wrote:

(02-19-2021, 02:57 PM)saimash Wrote:

(02-19-2021, 02:34 PM)divmenow Wrote: Bought some CCL. Looks like it finally broke some resistance. Good hit $30 soon.

On top of that I just booked my cruise for Nov for the 4 of us for $1500 for 7 days. Dirt cheap. I cant even go the shore for less then 2 grand just for a weekend getaway lol

That sounds like fun DiveMeNow :-)
Never hurts to give business to a company you've invested in !
The cruise seems like a steal... We've been thinking of booking a cruise as well... The flight prices from Minnesota to places where the cruises start from actually defeats the purpose though (Done 2 cruises from Seattle to Alaska and from Charleston to the Caribbean islands)... Itching to get back on it again :-)

I have lived in Boston all my life and have yet to do the Boston to Bermuda cruise.  As soon as Covid ends!

Yeah were going from Orlando to Mexico and Jamaica. Have to fly out from Philly to get to Orlando first lol

But that's why I booked the cruise now while there cheap. Once the pandemic ends they will most likely go up. 

Best thing is if Nov 21st comes and the pandemic isn't over they refund your money. So its a win, win 

Boston area is fun. You a Sox fan? I can't wait wait for baseball to start. Die hard fan

(02-19-2021, 10:55 PM)fenders53 Wrote: Best way to learn.  I have no idea how to value it and that has to happen if it is to ever be mainstream currency.  Unless I am missing something immediately converting it to USD after a sale makes it not currency.  Can you imagine a company missing or beating earnings by 25% due to currency fluctuation?

(05-07-2020, 11:15 AM)kblake Wrote: bought WFC, GD, FRT, MO, PM and BRK.B

I'm still holding 48% cash for other opportunities

(02-20-2021, 09:05 PM)vbin Wrote: Your btc also doesn't change. If you buy 100 btc, it will stay as 100.  However if you try to measure it in usd, the value will change.

(02-20-2021, 03:17 AM)fenders53 Wrote: I know you guys get that.  How do you solve that when it's decentralized?  I'm not expecting a good answer yet and my net worth is as stable as a leveraged weed stock ETF until I get that answer.   Great spec investment, not a legit currency yet.

(02-20-2021, 11:22 PM)fenders53 Wrote:

(05-07-2020, 11:15 AM)kblake Wrote: bought WFC, GD, FRT, MO, PM and BRK.B

I'm still holding 48% cash for other opportunities

(02-20-2021, 09:05 PM)vbin Wrote: Your btc also doesn't change. If you buy 100 btc, it will stay as 100.  However if you try to measure it in usd, the value will change.

They will come around to some method of valuing it some day.  It's finite so that makes it possible to find some stability.

(05-07-2020, 11:15 AM)kblake Wrote: bought WFC, GD, FRT, MO, PM and BRK.B

I'm still holding 48% cash for other opportunities

(02-21-2021, 12:12 AM)crimsonghost747 Wrote:

(02-20-2021, 03:17 AM)fenders53 Wrote: I know you guys get that.  How do you solve that when it's decentralized?  I'm not expecting a good answer yet and my net worth is as stable as a leveraged weed stock ETF until I get that answer.   Great spec investment, not a legit currency yet.

Once more people will start using it as a currency, the price will automatically stabilize. Right now I'd say that 95%+ of the crypto coins out there are viewed as pure investments, not actually currency that is being used. If that will change someday, then the exchange rates stabilize too. 

Also keep in mind that large fiat currencies can have significant price swings. The brazilian real has shifted about 20% during the past year vs USD. Even if you look at EUR/USD, you'll see a 10%ish difference between the high and low of the past year, and a 40%ish difference between the high and low of the past decade. Yes. 40%. For the two largest currencies in the western world. 

I still do not think that bitcoin will ever be widely used. It's just too cumbersome (I can send most fiat currencies to the other side of the world faster and cheaper than I can send bitcoin) and as I mentioned, currently bitcoins are not widely used. The amount of electricity required to keep the systems up is insane, and likely needs to grow significantly if we want to properly use bitcoins as a currency.

Bitcoin is the poster child and as such draws in the speculative investment money. I suspect that, assuming we will use a crypto currency widely at some point, it'll be something other than bitcoin. Something that is much more lightweight and will do what bitcoin was supposed to do: allow for instant transfers across the planet with negligible cost.