Cryptocurrency
Started by podfam3008
Horse****
Forcing a recession. Taking money from the uber rich who are selling and giving it to retail.
“JUST IN: [emoji631] Retail investors bought $4.7 billion in stocks yesterday, the most in a decade.
@WatcherGuru”
Keep DCAing
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“JUST IN: Treasury Secretary Scott Bessent says "Bitcoin is becoming a store of value."
@WatcherGuru”
If BTC decouples from the stock market it could get crazy
@WatcherGuru”
If BTC decouples from the stock market it could get crazy
Like the retail TSLA bag holders Lutnick and Fox News were recruiting last week before it got napalmed the last two days?
I think common sense has escaped you.
Every single stock just got hammered the last two days. You are a clown.
It's only bad if you didn't buy.
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D
deleted1162946
Buying everyday lately
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deleted1162946
D
deleted1162946
Retail is. It’s the institutions selling. Many year bear market coming they feel
I’m buying two thousand two hundred fifty dollars worth of stock tomorrow like I do every Monday. See you on the other side.
Why did you spell it out like that
Because when I type numbers on the phone SDN app and post it spits out emojis. Lastly why do you care?
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The previous administration, well actually going back further, the Obama administration really set us up for this by lowering interest rates. Trump is saving the market but Obama and Biden really dug him into a hole and he can't hold us up any longer so American's are paying the price. Just pray for Trump to save us like he's done before. The tariff income from other countries will continue to support us and our income from Medicare.
Unless they cut us out of trade because America isn't that special when they can find partners elsewhere sans tariffs
Who else makes high quality trucks, computers, cars, technology, like we do? Unfortunately, the world would collapse without us and Trump knows that, it's a negotiation tactic and he has had more business experience than any president ever. These countries are attacking us with tariff's and Trump is standing up against them. We can bow down or we can fight and take America back.
If this is sarcasm, I honestly apologize, I missed it...
How is he saving the market? The market is currently heading toward a bear market as a direct result of his policy and rhetoric. You could argue the long term value of possibly bringing back manufacturing is worth the market pain, but that will be years (and likely a recession) away. The only hope for him "saving the market" is that he reverses course on tariffs.
I am honestly unsure when you are referencing. His covid response was tepid at best.
but Americans are the ones paying the tariffs... it's coming from our pockets...
ok... god dammit this is sarcasm and I missed it... you made me type out a whole response trying to be helpful/educational...
The president does not control the interest rate, the federal reserve does. The board is nominated by the president, but they are independent of him. However, even if we accept your premise, by the time Obama took office, the interest rate had been dramatically lowered to combat the 2008 recession (<1%). Under Trump the rate went up, then slightly down before the fed axed the rate to stimulate the economy in response to covid. When Biden came into office the rate was again very low (<1%) but inflation was growing so the fed rapidly increased the interest rate, the exact opposite of what you have said.
How is he saving the market? The market is currently heading toward a bear market as a direct result of his policy and rhetoric. You could argue the long term value of possibly bringing back manufacturing is worth the market pain, but that will be years (and likely a recession) away. The only hope for him "saving the market" is that he reverses course on tariffs.
I am honestly unsure when you are referencing. His covid response was tepid at best.
but Americans are the ones paying the tariffs... it's coming from our pockets...
ok... god dammit this is sarcasm and I missed it... you made me type out a whole response trying to be helpful/educational...
Don’t even know where to start on this one. You might try educating yourself outside of what Fox News is telling you, because none of this follows any sort of fact.
As shadesofgrey mentioned, interest rates are controlled by the Fed, not the president. The president has no control over the Fed. And they were lowered under Obama to recover from the housing crisis, which was caused by deregulation during the Bush administration. Deregulation -> banks go wild and reckless -> we bail them out -> recession. If interest rates were not decreased, we would not have recovered from that recession.
In addition, Trump is currently intentionally spiking the economy and demanding interest rates be lowered, but the Fed is not beholden to him, and are not doing so.
Tariffs come out of your pocket, not the targeted country’s. Pure fact, plain and simple. Anyone who tells you otherwise is lying to your face.
Very little of this stuff is made in America. I have no idea what you’re talking about.
Europe and Asia. DO you really think they all drive American vehicles. Ffs we get our semiconductor chips for our cars from Asia and the body parts from Mexico
The world won't collapse without us. They don't give a ****. This 360million person place is not the lynchpin of the world. Other nations also produce goods and services of quality.
These countries weren't tariffing us. You're disconnected from reality
Other countries don't place tariffs on US imports? How many GMs and Fords do you see in Europe? Also, enjoy using your valued DPM degree in other countries than this 360 million person/place.
Yes, other countries have placed tariffs on us. However, we have been living in a relatively "free trade" era. I don't consider myself an expert enough to predict what will happen as a result. However, the consensus among economists is that these tariffs are going to damage the economy. Perhaps the experts and academics are all wrong, and Trump is right, I mean we all have had that random crazy patient that cured their fungal toenails with hair spray (If any prepods are reading this, do you really want to commit to a career where almost everything can be brought back to treating fungal toenails???)
I don't know, I'm a poor PP pod with a family, I can't afford to visit Europe (prepods- stay away from podiatry, she is a strict master and her fruits are not worth the squeeze).
We are actually considered a highly skilled worker for many countries and are privy to better immigration chances, but sadly the compensation in other countries is often times less than here because it's often nonop work (prepods- FFS, why are you reading this?? Go another year of school, study hard, and sneak into a DO school).
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For the record, I’m generally against tariffs. They are a leftist economic policy that I don’t agree with. Though I understand arguments on their utility at times, generally briefly, or as a negotiating tool to more favorable trade deals.
Also, the “economy” is not the stock market. The hypocrisy of people who conflate the two depending on if their team is in office is entertaining to say the least.
One more thing. This attitude that these countries will just find other places to ship their exports to, is laughable. We are the 800lb gorilla in the room. We consume more than just about every other market combined. Canadians (for example) are hilarious when they think that they can just magically get their heavy crude from the sand fields in Alberta to another country to be refined. They have no ability to refine it themselves and don’t have adequate means to transport it to the eastern half of their country to send off to Europe (green energy policies FTW). Or they think would have a market for potash in the quantities that they ship to the US. They don’t. Most global economies are far more reliant on trade than the US (who has been shifting to a primarily service economy over the last 40+ years). They can’t pivot to different markets fast enough and can’t afford the economic interruption long enough to not play ball. Which is exactly why virtually all of them have already come to the metaphoric bargaining table to reduce these tariffs.
I mean this is just patently false. And most countries other than China, have already agreed to actual free trade (even the EU publicly stated they are open to zero tariffs on US goods in exchange for zero tariffs on their exports). China won’t, because the communist party won’t. But tariffs on China don’t end up in meaningful price increases as we’ve already seen. They are so reliant on exports (and have a “captive” work force so to speak) that they just devalue their own currency and keep pumping out cheap goods. When we put tariffs on them during the last Trump presidency it resulted in something like a 0.7% in the price of their goods.
Also, the “economy” is not the stock market. The hypocrisy of people who conflate the two depending on if their team is in office is entertaining to say the least.
One more thing. This attitude that these countries will just find other places to ship their exports to, is laughable. We are the 800lb gorilla in the room. We consume more than just about every other market combined. Canadians (for example) are hilarious when they think that they can just magically get their heavy crude from the sand fields in Alberta to another country to be refined. They have no ability to refine it themselves and don’t have adequate means to transport it to the eastern half of their country to send off to Europe (green energy policies FTW). Or they think would have a market for potash in the quantities that they ship to the US. They don’t. Most global economies are far more reliant on trade than the US (who has been shifting to a primarily service economy over the last 40+ years). They can’t pivot to different markets fast enough and can’t afford the economic interruption long enough to not play ball. Which is exactly why virtually all of them have already come to the metaphoric bargaining table to reduce these tariffs.
GM and Ford make notoriously mediocre automobiles and the American market has vastly different demands than the European market. American car makers have all but discontinued sedans in favor of SUVs and large trucks that makes little sense in Europe. What Parisian is going to drive an F-350 around the city and why would anyone even need it? Europe has better automakers that better suit their needs and without importing costs— has nothing to do with tariffs levied.
So on one hand you have other countries who need exports to stabilize their economy, and on the other hand you have a nation of consumers that produces very little of material value and relies on exports of other nations to satisfy those consumers. We now have a lose-lose situation resulting in a race to the bottom. No matter how you want to spin it— bad situation that benefits no one except for current oligarchs who can further transfer wealth when our economy eats it and they can buy up everything on the cheap.
The problem with your conclusion is the premise it’s based on is incorrect. Yes we have an economy that produces “less” than we did in years past (at least as a % of GDP). But we are the second largest exporter (aka “producer”) of goods in the world. We export a lot of goods. And trade policy should not be solely focused on exports any ways. Imports themselves create a lot of jobs and contribute positively to the economy. Which is exactly why this isn’t a “lose-lose situation” as you put it. Though I have no idea what “race to the bottom,” is even referring to. So maybe I missed some obscure point being made.
Maybe I’m just confused on your position in general. Are the tariffs bad? Or is truly free trade bad? Which one makes it easier for the oligarchs to buy up everything on the cheap? It is admittedly getting hard to tell anymore because Trumps policies have forced a lot of tribal folks to do a 180° on previously held economic beliefs in order to defend their team.
What overly simplified explanations will we offer for Treasury bonds today.
D
deleted1162946
My podiatrist is a great economist. While he’s cutting my nails we discuss treasury bonds and the global economy.
While this podiatrist discussion on tariffs and the economy has been truly enlightening, nobody has addressed my biggest concerns:
1) Does China recognize podiatry and my DPM degree?
2) Does anybody know any good Mandarin teachers, preferably one specializing in medical lingo?
And most importantly;
3) How will the tariffs impact my fentanyl addiction? I don't trust my dealer's assurances that his prices or quality won't be impacted, and I haven't been leveling up enough of my stealth points these past few years to feel confident in my ability to swipe the leftovers from the CRNA after a case.
1) Does China recognize podiatry and my DPM degree?
2) Does anybody know any good Mandarin teachers, preferably one specializing in medical lingo?
And most importantly;
3) How will the tariffs impact my fentanyl addiction? I don't trust my dealer's assurances that his prices or quality won't be impacted, and I haven't been leveling up enough of my stealth points these past few years to feel confident in my ability to swipe the leftovers from the CRNA after a case.
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Exports are exactly what he is basing his tariffs and “trade deficit” on. Or as air bud simplistically puts it— other countries aren’t buying our ****ty cars, so let’s tariff everyone else’s.
At least that’s what one can gather, because Trump actually isn’t putting a coherent reason behind it, nor any sort of criteria to negotiate. It’s all horse**** and no one even knows if it matters or if it will even take hold for longer than 12 hours. Literally becoming the joke of the world. Elect a clown, expect a circus.
Everything is shaping up for a bullrun soon.
Legislation still getting worked out.
The big boys have been loading BTC for a full year now. Focus is shifting to ETH right now and they are buying like crazy.
Every SEC case against crypto has been dropped.
Trump wants USA to be the crypto center of the world.
Just be patient...its coming
ETH 52 week high 48 hours after posting this Lol
Has anyone else seen the tear that gold and silver are on this 2025 year?
It never really goes down much , but gold has more than doubled, silver tripled in past couple years... pretty crazy.
My buds said it was to do with the Argentina and Venezuela stuff as well as inflation, but I have no idea.
I buy the old UK gold sov currency coins or USA pre-64 or new ASE silver sometimes. I was real surprised at the prices... listed some of mine for sale, wow.
A patient recently told me I need to go buy a bunch of Bolivar - Venezuela currency.
sdupre_apma
Full Member
Taking off my APMA hat here for a second, you and me both Feli. I've been slowly stocking up on silver rounds for my daughter for various presents and such. I look like way less of a crazy person for it to my wife this year!
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14th million bajillion time:
Regular savings + compounding growth/dividends = win the game.
The historical return of the S&P is over 10% annual on average since its inception (and it has been more like 25% avg the past few years!).
Index funds pay dividends, go up even faster when inflation is high, they have ultra low expense (0.03-0.09 for all majors). It's a no-brainer. It takes almost no research or upkeep.
You can buy some single stocks or TLH or do options a bit if you want to also... depends on interest level, risk/variance tolerance. Not necessary.
A lot of us have a podiatry business (or surgery center, pharma, etc shares... or real estate) that we invest in to gain money/equity income also.
These alternate invests like bitcoin (or my silver/gold and Mahomes cards) that are purely speculative and pay no dividend or income are fine, but there is just no need to make it any significant percent of portfolio. It's unecessary risk; too much just takes away from the real and can't-miss ivestments. Just because a few guys might have won on the crypto slot machines back in 2015-20 or whatever and sold it to others for way more than they'd paid in does not make it a solid plan today. It's speculation.
...WCI says it all the time, but docs (even powe-dye-a-trysts) don't need to swing for the fences on wacky get-rich-quick stuff that is higher risk. That all depends on buyers later on. Leave that stuff to low earners trying for a lottery ticket. You have already won the game with a pretty high income potential... so, just don't lose it. There are a thousand ways to invest poorly, but nearly all people who do well use a pretty similar and basic method.
And no, we don't usually have the fake podiatry surveys level of high income, but it's still high enough. You can do well and retire well - or even early - if you want to simply by plugging regular stock/index investments. You can retire even early in many cases if you do that regular investing and also live fairly frugal (Your Money or Your Life is a great $5 book on this). Get out of debt... Invest some of your income regularly... Grow it in indexes... Retire... Done. It is not fancy, but it doesn't have to be. 🙂
Regular savings + compounding growth/dividends = win the game.
The historical return of the S&P is over 10% annual on average since its inception (and it has been more like 25% avg the past few years!).
Index funds pay dividends, go up even faster when inflation is high, they have ultra low expense (0.03-0.09 for all majors). It's a no-brainer. It takes almost no research or upkeep.
You can buy some single stocks or TLH or do options a bit if you want to also... depends on interest level, risk/variance tolerance. Not necessary.
A lot of us have a podiatry business (or surgery center, pharma, etc shares... or real estate) that we invest in to gain money/equity income also.
These alternate invests like bitcoin (or my silver/gold and Mahomes cards) that are purely speculative and pay no dividend or income are fine, but there is just no need to make it any significant percent of portfolio. It's unecessary risk; too much just takes away from the real and can't-miss ivestments. Just because a few guys might have won on the crypto slot machines back in 2015-20 or whatever and sold it to others for way more than they'd paid in does not make it a solid plan today. It's speculation.
...WCI says it all the time, but docs (even powe-dye-a-trysts) don't need to swing for the fences on wacky get-rich-quick stuff that is higher risk. That all depends on buyers later on. Leave that stuff to low earners trying for a lottery ticket. You have already won the game with a pretty high income potential... so, just don't lose it. There are a thousand ways to invest poorly, but nearly all people who do well use a pretty similar and basic method.
And no, we don't usually have the fake podiatry surveys level of high income, but it's still high enough. You can do well and retire well - or even early - if you want to simply by plugging regular stock/index investments. You can retire even early in many cases if you do that regular investing and also live fairly frugal (Your Money or Your Life is a great $5 book on this). Get out of debt... Invest some of your income regularly... Grow it in indexes... Retire... Done. It is not fancy, but it doesn't have to be. 🙂
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Listen to him! Slow and steady wins the race
sdupre_apma
Full Member
Fair points Feli, fair points. I'm going to counter though... I'm personally emptying my portfolio to invest in Pokemon and Magic the Gathering cards
CAMBoot
Full Member
You mean to tell me you didn't go all in on Swatch x AP flipping?
MTG, totally.... but Pokemon is for little kids. Everyone knows this. 🙂
I can't play Magic anymore.... too bad. There is no once or twice per week for me.
If it's not tournaments, it's deckbuilding, testing with friends, researching. Driving to a grand prix.
Dang girls got in the way of MTG after about junior high and early high school years.
I tried to play again around age 30 right after residency, but it didn't last long (dang work and dating).
But if I ever got real old or paralyzed or something, I would totally play MTG six days per week again.
But for now, there is just no compromise I can find (the girls at Magic tournaments aren't exactly dime pieces).
My girlfriend tells me, "you could play just one or two days a week," and I'm like "noooooo, you cannot. The cards rotate!"
I had a decent collection of Magic cards from high school. Around a decade later I decided to list them on ebay and sold them off. A couple were surprisingly valuable, like $100+. What was truly disappointing was the power-creep that ran rampant with each new set. It used to be if you dropped a Serra Angel you had board control, and there was nothing better. By the time I sold them, it was a $0.75 uncommon that people were finding in the freebox at the gaming store.
Which brings me back to podiatry. Older docs told me how in the 90s, if you were doing a bunionectomy with a metatarsal osteotomy and screw fixation, you were hot stuff. Today, with needlessly long residency and fellowship training, a competent bunion surgeon is like a Serra Angel, just a $0.75 uncommon.
Which brings me back to podiatry. Older docs told me how in the 90s, if you were doing a bunionectomy with a metatarsal osteotomy and screw fixation, you were hot stuff. Today, with needlessly long residency and fellowship training, a competent bunion surgeon is like a Serra Angel, just a $0.75 uncommon.
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This is peak confidence we’re witnessing here.
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