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billryan
billryan
Joined: Nov 2, 2009
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May 13th, 2021 at 1:21:37 AM permalink
The cost of opportunity?
The difference between fiction and reality is that fiction is supposed to make sense.
PokerGrinder
PokerGrinder
Joined: Apr 30, 2015
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May 13th, 2021 at 2:05:18 AM permalink
Quote: MDawg

Curious enough to compel comment.

What does that mean though? If my crypto were to crash to 0, it might take me perhaps a year, or maybe two or three years (not less than a year, because I don't have a small amount of crypto and I don't have a low income) to recoup the sum value of what the crypto was worth at all the times that I received it, given that few and far between of my clients gave me crypto instead of cash, even if it was going back some years. I continue to accept crypto from clients to this day.

If I were to say that it would take me less than a year to recoup the current value of the crypto I've hodled then that would mean that
(1) I don't have much crypto
(2) I have a low income.

Sometimes you gotta wonder about someone who doesn't describe in detail anything that he does career wise other than run around collecting casino chips.

So, I assume that PGrinder by losses is referring merely to the sum that he put into the crypto...the actual cash investment, because otherwise, his crypto holdings would appear to be insignificant.

Which gets back to how ridiculous of a statement he's making. It would be like saying, well, I only put two hundred grand into TSLA four years ago, so if it crashes back to 0, all I need to recoup is two hundred grand. Versus the millions that this amount of TSLA is worth today, which would be the actual investment loss were TSLA to crash to 0.

Kudos that the guy says he hodls, my hat is off to hodlers, but....


Iím talking about how long it would take me to recoup my investment into crypto not the current value of my holdings.

I make quite a bit more than the average person over a year. Iím amused by your comment about someone who doesnít go into detail of what he does. Iím an ap, I donít have a need to go around saying look at me, look at me. Some people need people to know they are rich, look at my watches, gold bracelets and luxurious suites. I on the other hand like to keep a low profile, I donít need to flaunt what I have. I have this crazy thing called humility.

Btw I do also get comped large suites and all my food is comped but I donít talk about it cause it doesnít matter. It doesnít make me the least bit important.

I have done extremely well in crypto currency both holding btc and trading alt coins. I am very grateful to have the friends I do as I am able to learn and research different projects and invest in them. I believe I am a very sound trader.
You can shear a sheep a hundred times, but you can skin it only once. ó Amarillo Slim Preston
RogerKint
RogerKint
Joined: Dec 5, 2011
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Thanks for this post from:
mcallister3200MaxPen
May 13th, 2021 at 2:53:44 AM permalink
Clearly, I need to recheck the definition of humility.
100% risk of ruin
gamerfreak
gamerfreak
Joined: Dec 28, 2014
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May 13th, 2021 at 3:23:35 AM permalink
Quote: PokerGrinder

It would take me less than a year to recoup my losses if crypto crashed.

As far as why I have an edge itís because I donít just own btc, I own quite a few alt coins and have done the research into them and know what Iím buying when I do. Iím not just dumping money into doge or Shibu coin and hoping.


95% of your net worth is less than a year of savings?
lilredrooster
lilredrooster
Joined: May 8, 2015
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May 13th, 2021 at 3:27:57 AM permalink
..................

Elon Musk, who up to now has been a big pumper upper of Crypto just announced he will no longer accept Bitcoin as payment for his Teslas

due to concern about the environment - how much energy is used in processing Bitcoin



https://www.nytimes.com/2021/05/12/automobiles/tesla-bitcoin.html



but


if you read carefully Elon Musk's statements you will also see this:



"Cryptocurrency is a good idea on many levels and we believe it has a promising future,"




and this - he owns over $1 billion worth of Bitcoin:




"Tesla will not be selling any Bitcoin and we intend to use it for transactions as soon as mining transitions to more sustainable energy,Ē





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Last edited by: lilredrooster on May 13, 2021
"𝘣𝘦𝘭𝘪𝘦𝘷𝘦 𝘩𝘢𝘭𝘧 𝘰𝘧 𝘸𝘩𝘢𝘵 𝘺𝘰𝘶 𝘴𝘦𝘦 𝘢𝘯𝘥 𝘯𝘰𝘯𝘦 𝘰𝘧 𝘸𝘩𝘢𝘵 𝘺𝘰𝘶 𝘩𝘦𝘢𝘳"______Edgar Allan Poe
PokerGrinder
PokerGrinder
Joined: Apr 30, 2015
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Thanks for this post from:
gamerfreak
May 13th, 2021 at 3:43:05 AM permalink
Quote: gamerfreak

95% of your net worth is less than a year of savings?



95% of my net worth with the current value of my portfolio. My portfolio is up almost 500% in the last year.
You can shear a sheep a hundred times, but you can skin it only once. ó Amarillo Slim Preston
lilredrooster
lilredrooster
Joined: May 8, 2015
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Thanks for this post from:
PokerGrinder
May 13th, 2021 at 4:01:13 AM permalink
Quote: PokerGrinder

My portfolio is up almost 500% in the last year.




that's fantastic.........................!


you deserve to be congratulated for that - so congratulations





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"𝘣𝘦𝘭𝘪𝘦𝘷𝘦 𝘩𝘢𝘭𝘧 𝘰𝘧 𝘸𝘩𝘢𝘵 𝘺𝘰𝘶 𝘴𝘦𝘦 𝘢𝘯𝘥 𝘯𝘰𝘯𝘦 𝘰𝘧 𝘸𝘩𝘢𝘵 𝘺𝘰𝘶 𝘩𝘦𝘢𝘳"______Edgar Allan Poe
MDawg
MDawg
Joined: Sep 27, 2018
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May 13th, 2021 at 6:38:06 AM permalink
PokerGrinder I didn't want to insult you by implying that your "career" was "AP'ing" (yes, I put that in quotes) in casinos, but is that actually all you do? I booked a hundred and fifty grand in casinos last year and if that were all I did / made I'd be in serious trouble. I go to casinos for fun it's not for a living.

What about education and a more traditional career?

To get this straight, at your relatively young age you've decided to devote your life to casinos and put all of your savings into various cryptos not even just bitcoin and not even just hodling also trading cryptos? If so, Good luck, you'll need it. And just remember, none of us has a set or guaranteed expiration date.
Last edited by: MDawg on May 13, 2021
I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
mcallister3200
mcallister3200
Joined: Dec 29, 2013
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May 13th, 2021 at 6:55:45 AM permalink
Quote: RogerKint

Clearly, I need to recheck the definition of humility.



Perhaps itís what they call a ďhumble brag.Ē
lilredrooster
lilredrooster
Joined: May 8, 2015
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May 13th, 2021 at 7:19:31 AM permalink
Quote: PokerGrinder

95% of my net worth with the current value of my portfolio. My portfolio is up almost 500% in the last year.




Quote: lilredrooster

that's fantastic.........................!

you deserve to be congratulated for that - so congratulations




that Dog, today on the post at 6:38.06 a.m. just dished out some terrible advice as usual which I 'm sure you will ignore without me saying anything

just enjoying pointing out the terribleness of it

everybody has their own individual appetite for risk - nobody can tell another person what their tolerance for risk should be

if those who accept greater risk fail - so what - people who accept all different levels of risk fail sometimes

now we can all go back to our lives and continue ignoring the Dog






this advice was almost as bad when he recommended the dangerous supplement Niacin





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Last edited by: lilredrooster on May 13, 2021
"𝘣𝘦𝘭𝘪𝘦𝘷𝘦 𝘩𝘢𝘭𝘧 𝘰𝘧 𝘸𝘩𝘢𝘵 𝘺𝘰𝘶 𝘴𝘦𝘦 𝘢𝘯𝘥 𝘯𝘰𝘯𝘦 𝘰𝘧 𝘸𝘩𝘢𝘵 𝘺𝘰𝘶 𝘩𝘦𝘢𝘳"______Edgar Allan Poe

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