Dogecoin up 14,000% since January
Quote: SOOPOObe happy in your own success. Be proud you built a successful law practice.
Daddy’s trust fund seems more likely
I just don't care anymore
sometimes I walk around outside where there are lot of people in clothes so bad I almost look homeless
I can buy anything I want - anytime - cash - even a really nice house in a really nice neighborhood - I could buy cash - but I don't buy anything
my car is going on 10 years old and I don't plan on every buying another car
I just don't care
it's just things - meaningless crap
I was a much better gambler when I cared - hungry - that's what drove me
now, I still enjoy it - but I'm not hungry for it anymore
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Quote: CalderMy take...simply stop responding.
But then "they" win!
Quote: lilredrooster...................
I just don't care anymore....
I can buy anything I want - anytime - cash - even a really nice house in a really nice neighborhood - I could buy cash
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Just like Randy Moss. Straight cash homie:l!
Quote: onenickelmiracleCryptos are really feeling the pain today. BTC -11.5% Sunday. Bought some last night, was up 2% before I went to bed late, and woke up to calamity. I keep telling myself not to mess with it, but I like to have something to watch on the weekend, and that usually means me watching money burn. This is the volatility and possible correction we have been wondering to expect. It's easy to HODL when you've done it so long way up, but the thought of HODLing -30%, -40%, yuck. I really doubt the HODLers are buying more, and if they're not, how can they really expect others to do so. Cryptos are the most speculative out there, wonder what this means for stocks. Cryptos aren't marginable, so they don't force sales, but people may panic trying to protect the overall.
I made some crypto purchases due to the dip.
Dip is just another word for discount 🤷♂️
Quote: PokerGrinderBUY THE DIP!
Dip is just another word for discount 🤷♂️
probably the best advice ever posted on this forum - also applies to stonks
for anyone who wants to trade - who doesn't want to buy and hold - (talking about stonks - index funds - not crypto)
you might make more than if you bought and held - but you also might not have the same quality mental health as the buy and holders
me...........I'm a buy and holder - stonks - index funds - I do nothing after I've bought - nothing at all - check the value once a year
from the movie Cool Hand Luke:
"sometimes nothing can be a real cool hand"
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Which one? Had you been buying dips this week/month I dont think you would be doing too well.Quote: PokerGrinderBUY THE DIP!
Quote: AxelWolfWhich one? Had you been buying dips this week/month I dont think you would be doing too well.
If you follow the rise and dips of crypto, they go up and down many times.
If down just hold. Good chance it will go back up.
Quote: AxelWolfWhich one? Had you been buying dips this week/month I dont think you would be doing too well.
if it was a stonk or an ETF - not a crypto - that you really believed in - if you bought the dip and it went down more - a good strategy would be to buy more - on the 2nd dip - and even more on the 3rd and 4th dip
of course, if you get caught buying right as a bear market is starting you might have to wait a couple of years for it to come back
we haven't had many bear markets recently - the last 2 were in 2001 and 2008 - 13 years ago
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When one person can tweet something ominous and cause an 8% drop in price, one should question the basic soundness of their investment. Claiming that the prices generally go up is not doing your due diligence.
Investing is not supposed to be a get-rich-quick scheme..
Smart model portfolios have proven they can beat the market on a consistent basis but nobody ever talks about them, because they are so boring.
Everyone wants to bet on the hare even though it is the tortoise that wins the race nearly every time.
Quote: darkozIf you follow the rise and dips of crypto, they go up and down many times.
If down just hold. Good chance it will go back up.
These videos are so entertaining.
Quote: AxelWolfWhich one? Had you been buying dips this week/month I dont think you would be doing too well.
I’ve been doing fine because I’m not holding the btc I buy in btc, my alts have been doing much better during the dip.
Quote: PokerGrinderI’ve been doing fine because I’m not holding the btc I buy in btc, my alts have been doing much better during the dip.
I am guess they are not doing well today. Bitcoin down over $10,000 today.
It seems like bitcoins dirty little secret- that producing them requires huge amounts of electricity is beginning to worry some institutional investors.
And this is why wise investors diversify.
Quote: billryanDown 44% from last month's peak.
It seems like bitcoins dirty little secret- that producing them requires huge amounts of electricity is beginning to worry some institutional investors.
And this is why wise investors diversify.
I think this is an excuse/cover story.
It's not a dirty little secret, it's been well known, there is zero chance Musk didn't already know this.Quote: billryanDown 44% from last month's peak.
It seems like bitcoins dirty little secret- that producing them requires huge amounts of electricity is beginning to worry some institutional investors.
And this is why wise investors diversify.
Quote: AxelWolfIt's not a dirty little secret, it's been well known, there is zero chance Musk didn't already know this.
Musk may well have known it, but the people selling this week seem to be mostly newbies that bought in in the last few months, are seeing their profits crumble, and are getting out. CNN is reporting the majority of sales in the last 24 hours are coming from accounts that had not sold previously while most buys are from accounts previously trading.
In other words- experienced buyers are trying to buy on the dips while inexperienced buyers are now selling out. What they need to stabilize the price is to get new class of buyers involved and that isn't happening right now. Right now, it is a step or two away from a full blown bear run.
https://www.google.com/amp/s/www.bbc.com/news/business-57169726.amp
I should point out that China has launched their own digital currency called YCC (Yuan Chain Coin) which is the first digital currency backed by the nation of a major power.
I'm certain that had something to do with it.
I also should point out YCC is one of the tokens I invested in, for better or worse and this morning it's the only one of my four tokens that is up
Quote: AxelWolfWhich one? Had you been buying dips this week/month I dont think you would be doing too well.
Yuan Chain CoinQuote: darkozChina made an announcement decrying the volatility of digital currency and putting a ban on them. This is another reason crypto is on the downslide
https://www.google.com/amp/s/www.bbc.com/news/business-57169726.amp
I should point out that China has launched their own digital currency called YCC (Yuan Chain Coin) which is the first digital currency backed by the nation of a major power.
I'm certain that had something to do with it.
I also should point out YCC is one of the tokens I invested in, for better or worse and this morning it's the only one of my four tokens that is up
YCC
$ 0.017674 USD
-10.30%
(1D) TH
Other than tether, I don't see any green on the top 60 when looking at coinbase.
Quote: AxelWolfYuan Chain Coin
YCC
$ 0.017674 USD
-10.30%
(1D) TH
Other than tether, I don't see any green on the top 60 when looking at coinbase.
I purchased it a few days ago on the dip so it was up for me this morning.
And now it's down lol.
(Yes I invested into a second stock besides Cytodyn a few months ago).
Every single one is now down for me.
I may just stick to AP. Seems more solid!
Chinese want to control the money and everything they do is to keep the money in China. If they let there be a loophole, the Chinese will take it more than any AP. The digital RMB is a power move for sure. I'll never understand these minute long fluctuations. Down $5,000 in 15 minutes and up $4000 in 15 minutes. It just seems like you never have a chance to see anything coming. People say it's manipulated, maybe this is it.
Quote: darkozI currently own two stocks and five coins.
(Yes I invested into a second stock besides Cytodyn a few months ago).
Every single one is now down for me.
I may just stick to AP. Seems more solid!
Yea no kidding.
These last few months I bought BTC at $60k and COIN right at its IPO.
Bad times.
Quote: billryanInvest, don't speculate.
Live, Laugh, Love
Quote: gamerfreakLive, Laugh, Love
I try buying the dips
Quote: gamerfreakLive, Laugh, Love
Buy sheep, sell deer!
Quote: onenickelmiracleSomehow up, up and away but only after boom and bust and another halving. Sounds simplistic but take a ratio of the boom to the bust from the past, consider halving or not, and it's a pretty low number a year from now. I'd say this forecast puts BTC $10,000-$25000 11 -12 months from now.
Chinese want to control the money and everything they do is to keep the money in China. If they let there be a loophole, the Chinese will take it more than any AP. The digital RMB is a power move for sure. I'll never understand these minute long fluctuations. Down $5,000 in 15 minutes and up $4000 in 15 minutes. It just seems like you never have a chance to see anything coming. People say it's manipulated, maybe this is it.
You are looking at absolute numbers. If bitcoin goes down $5,000 it was less than 10% of the price. Stocks are regularly moving that amount. Almost everyday there is a stock down 10%.
Quote: DRichI am guess they are not doing well today. Bitcoin down over $10,000 today.
Oh ya, my alts took a nasty beating last night.
Quote: DRichYou are looking at absolute numbers. If bitcoin goes down $5,000 it was less than 10% of the price. Stocks are regularly moving that amount. Almost everyday there is a stock down 10%.
It's pretty rare for an established stock to go up or down 10%. In forty plus years of investing, I can only think of a dozen or so days that my portfolio changed by 10%. I'm sure there are some lightly traded OTC stocks that may have have regular swings like that but those are speculative stocks.
Quote: billryanIt's pretty rare for an established stock to go up or down 10%. In forty plus years of investing, I can only think of a dozen or so days that my portfolio changed by 10%. I'm sure there are some lightly traded OTC stocks that may have have regular swings like that but those are speculative stocks.
That's true but how many stocks go from $1 to $60,000 in a decade?
As usual, with expectations of great profit comes great volatility.
Quote: darkozThat's true but how many stocks go from $1 to $60,000 in a decade?
As usual, with expectations of great profit comes great volatility.
https://www.youtube.com/watch?v=ai7GpvcZ9Pc
I honestly didn't know people were investing in cryptos with leverage. I also didn't know there were people like the tiger cub losing $20B in 2 days either before a few weeks ago. Think I had heard about the leverage but just didn't catch onto it or ignored it because it was always mentioned so quickly.
Quote: onenickelmiracleI'd say this forecast puts BTC $10,000-$25000 11 -12 months from now.
I’ll bet you $100 that next April and May there will be no day BTC is less than $25k. You interested?
Offer valid until Sunday night.
Your optimism made me feel a bit more optimistic. Just on past form, it would be unthinkable. I'll carry on hodling.Quote: SOOPOOI’ll bet you $100 that next April and May there will be no day BTC is less than $25k. You interested?
Offer valid until Sunday night.
Thanks
I would prefer to make that bet in 30 minutes when BTC is already under $25000. Are you SHAMU? It makes sense Satashi!Quote: SOOPOOI’ll bet you $100 that next April and May there will be no day BTC is less than $25k. You interested?
Offer valid until Sunday night.
Quote: billryanI was talking to my nephew this morning. A month ago he had almost $800,000 worth of crypto and was planning on selling half when it got to a million and buying a house. Yesterday his holdings were worth just north of $400,000 and he was thinking about cashing in some stocks my mom left him to buy more crypto to recoup his losses. He says his total investments are under $65,000 so far so he is still up, just nothing like he was last month. I can understand why it is so tempting, on the one hand, but you'd think this week's results would have taught him something. he still thinks this is the way to get rich quickly.
I never have invested large amounts in bitcoin, but if I had just held what I had I would have been a millionaire.
But I don’t think that ever could have happened.
When bitcoin it $1k I was shocked thought that was as high as it would ever go
At $10k I thought the same thing
And $20k, and $40k….
I have a really solid understanding of how crypto works from a technical standpoint, but that is almost useless when it comes to making actual money from it.
Quote: billryanI was talking to my nephew this morning. A month ago he had almost $800,000 worth of crypto and was planning on selling half when it got to a million and buying a house. Yesterday his holdings were worth just north of $400,000 and he was thinking about cashing in some stocks my mom left him to buy more crypto to recoup his losses. He says his total investments are under $65,000 so far so he is still up, just nothing like he was last month. I can understand why it is so tempting, on the one hand, but you'd think this week's results would have taught him something. he still thinks this is the way to get rich quickly.
So the guy went from $65,000 to $400,000 and you believe it's not a good way to make money
Quote: gamerfreakI never have invested large amounts in bitcoin, but if I had just held what I had I would have been a millionaire.
But I don’t think that ever could have happened.
When bitcoin it $1k I was shocked thought that was as high as it would ever go
At $10k I thought the same thing
And $20k, and $40k….
I have a really solid understanding of how crypto works from a technical standpoint, but that is almost useless when it comes to making actual money from it.
I thought the idea was silly when I heard about it in 2009 or whenever, and still do.
Now that the world's second-biggest economy has banned the use of crypto-currency, it will be interesting to see if others follow.
I'm sure the US is waiting with bated breath for a chance to get their share of the sale of these coins the last week or so. I wonder what it feels like to lose half your portfolio only to get hit with short term capital gains taxes on the rest.
Quote: billryanI thought the idea was silly when I heard about it in 2009 or whenever, and still do.
Now that the world's second-biggest economy has banned the use of crypto-currency, it will be interesting to see if others follow.
I'm sure the US is waiting with bated breath for a chance to get their share of the sale of these coins the last week or so. I wonder what it feels like to lose half your portfolio only to get hit with short term capital gains taxes on the rest.
That actually wouldn't make the concept of crypto a bad idea.
That would just make government oversight intrusive and crippling to the crypto market.
If you feel crypto is a silly idea it makes no sense that that your criticism is it's success being cut down by government.
EDIT:. China launched recently their own government sponsored crypto currency which they didn't shut down. If you can't understand why they are banning the rest, you should stick to comic book evaluation.
Your edit makes no sense, given what is actually going on in China, as opposed to what you seem to think is happening.
But, hey. If you thought bitcoin was a good investment last week in the $50,000 plus range, you should be buying the hell out of it now that it's under $40,000.
I thought it was ridiculously overpriced then, and think it still is now.
Perhaps if I was well past middle-aged and in desperate need of kick-starting my portfolio, I might take a shot at it, but I charted my path to success years ago and achieved it by sticking to the plan.
I don't worry about beating the market, I worry about beating inflation and that is not all that difficult.
Quote: billryanWhy would you think my criticism of digital cryptocurrency has anything to do with it's " success" being cut down by the government.
Your edit makes no sense, given what is actually going on in China, as opposed to what you seem to think is happening.
But, hey. If you thought bitcoin was a good investment last week in the $50,000 plus range, you should be buying the hell out of it now that it's under $40,000.
I thought it was ridiculously overpriced then, and think it still is now.
Perhaps if I was well past middle-aged and in desperate need of kick-starting my portfolio, I might take a shot at it, but I charted my path to success years ago and achieved it by sticking to the plan.
I don't worry about beating the market, I worry about beating inflation and that is not all that difficult.
Objection. This man deserves his own corner. Maybe 2 corners or just a wall. Additionally I think 2/3 of his posts should not count towards top contributors. Most of the time it is triple posts and really not adding anything at all and he is abusing a technicality. I don't know why he wants to post so uselessly, but I don't want to see his name up there. If you have to promote him as a mod to fix it, do it.
Quote: billryanI was talking to my nephew this morning. A month ago he had almost $800,000 worth of crypto and was planning on selling half when it got to a million and buying a house. Yesterday his holdings were worth just north of $400,000 and he was thinking about cashing in some stocks my mom left him to buy more crypto to recoup his losses. He says his total investments are under $65,000 so far so he is still up, just nothing like he was last month. I can understand why it is so tempting, on the one hand, but you'd think this week's results would have taught him something. he still thinks this is the way to get rich quickly.
You'll know when you have enough money when the only reason you complain about taxes is amusement.
Quote: rxwineYou'll know when you have enough money when the only reason you complain about taxes is amusement.
You'd be surprised how many people simply don't factor taxes into their plans. That and thinking medicare is going to provide you with free health care.
