Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

ProShares Short SmallCap600 T.SBB


Primary Symbol: SBB

The investment seeks daily investment results that correspond to the inverse (-1x) of the daily performance of the S&P SmallCap 600 Index. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. The index is a measure of small-cap company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 600 U.S. operating companies selected through a process that factors in criteria such as liquidity, price, market capitalization, financial viability and public float. The fund is non-diversified.


ARCA:SBB - Post by User

Post by warthog1on Mar 15, 2021 12:30pm
148 Views
Post# 32799182

Bitcoin Bravada

Bitcoin Bravada My Facebook reply to how great Bitcoin is: What backs the cotton dollar? Us govt debt. What backs Bitcoin? An electronic encryption. What backs gold? Itself! Bitcoin is digital fiat. The fed itself has put its own digital fiat on “high” priority. Ask yourself what happens to all the other digital fiat currencies when sovereign nations start their own? I don’t know. But I’m guessing they outlaw them some how. Anyway, good luck, you understand fiat is bad, I doubt digital fiat is the answer myself. 

 

Bitcoin Promoter Reply: Bitcoin is not digital fiat at all. Once you own Bitcoin you will never go back to Government controlled money. We tried that.  New game. New players.  

 

My reply: Bitcoin is not govt controlled? Well if not why do they tax it? For the most part I agree the govt can not print it to gazillions. I disagree with it is not digital fiat. If I have an emp, electrical failure, encryption hack(inevitable in my opinion) or it goes to zero. The fact that it’s “created” with electricity, and “protected” by encryption does not give it any backing, any value ... aka digital fiat. Bitcoin derives it’s only value thru speculation and the fact that it’s not currently govt controlled (as far as production and regulation). Due to the later I believe it’s days are numbered. We are “rapidly” approaching a time when the public will be brutally “educated” as to what constitutes a valid “backed” currency! 

In my opinion, sound money should be 1. Not controlled or regulated by sovereign countries and 2 Be backed by something of value. Bitcoin only solves half of that problem in my mind. Tread carefully with digital fiat currencies like Bitcoin.

<< Previous
Bullboard Posts
Next >>