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Started by Guest Race,

93 posts in this topic

Hockeyflow33

Hockeyflow33

Posted
Posted
On 1/30/2022 at 11:20 AM, Timely said:

I disagree with this assessment. Just because a hobby now costs more than it once did, that does not preclude it from still being classified as a hobby. You want a cheap hobby that never goes up? Start a rock collection! Lots of inventory out there and 99.99999999999999% of it is free!

Where can I buy rocks with crypto though? 

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pemart1966

pemart1966

Posted
Posted
On 1/30/2022 at 11:20 AM, Timely said:

I disagree with this assessment. Just because a hobby now costs more than it once did, that does not preclude it from still being classified as a hobby. You want a cheap hobby that never goes up? Start a rock collection! Lots of inventory out there and 99.99999999999999% of it is free!

...and the best news?  They ain't making any more of them!

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Rick2you2

Rick2you2

Posted
Posted
On 1/30/2022 at 11:20 AM, Timely said:

I disagree with this assessment. Just because a hobby now costs more than it once did, that does not preclude it from still being classified as a hobby. You want a cheap hobby that never goes up? Start a rock collection! Lots of inventory out there and 99.99999999999999% of it is free!

Actually, rocks have gone up over the years. Go check the historical price of valuable minerals as collectables. They have gone up. Some, by a lot. Mind you, I still think this is a hobby, but when people treat it mainly as a business opportunity, it drives out a lot of those who consider it fun.

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pemart1966

pemart1966

Posted
Posted (edited)
On 1/31/2022 at 8:31 AM, Rick2you2 said:

Actually, rocks have gone up over the years. Go check the historical price of valuable minerals as collectables. They have gone up. Some, by a lot. Mind you, I still think this is a hobby, but when people treat it mainly as a business opportunity, it drives out a lot of those who consider it fun.

All I know is that the price of a load of gravel delivered to the house has gone waaaayy up year over year...

Edited by pemart1966
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pemart1966

pemart1966

Posted
Posted
On 1/28/2022 at 12:01 PM, MAR1979 said:

:facepalm: Nitpicking on the 20 year estimate aside, I think most grasp the idea that when prices in general moved to a certain threshold it was a business.

You know that it's a business when there's extensive discussion of earning thresholds and IRS implications...

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onlyweaknesskryptonite

onlyweaknesskryptonite

Posted
Posted
On 1/31/2022 at 3:05 PM, Hekla said:
On 1/31/2022 at 12:23 PM, Sideshow Bob said:

Sounds like fractional ownership is an option.

I believe the term among geologists is 'fragmented ownership'

Think he was trying to "rally" the rocky road.. 

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onlyweaknesskryptonite

onlyweaknesskryptonite

Posted
Posted
On 1/31/2022 at 4:57 PM, Sideshow Bob said:
On 1/31/2022 at 4:10 PM, onlyweaknesskryptonite said:

Think he was trying to "rally" the rocky road.. 

With rock speculation rampant and the concept of fragmented ownership taking hold, the conditions are ripe for a very literal pyramid scheme. 

its-always-sunny-in-philadelphia-pyramid-scheme.gif.0a4c63389a28e2f449451baf5a43817a.gif

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