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billryan
billryan
Joined: Nov 2, 2009
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May 10th, 2021 at 10:09:26 PM permalink
Quote: Calder

Quote: onenickelmiracle

...Any time I do anything w investing try to pick moments, I usually get screwed...



These to me display gambling mindsets. Certainly no crime, and not surprising on a board of this nature.

But I think few financial advisors would call either of these ideas investing.



But what do they know?
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 10th, 2021 at 11:58:11 PM permalink
Quote: Calder

Quote: onenickelmiracle

...Any time I do anything w investing try to pick moments, I usually get screwed...



These to me display gambling mindsets. Certainly no crime, and not surprising on a board of this nature.

But I think few financial advisors would call either of these ideas investing.


If I believe that this is an excellent investment opportunity and I have the opportunity why wouldnít I do this? Like I said the downside isnít that big.

This is gambling but I believe Iím gambling with an edge so I donít see the issue. I gamble with an edge every day, this is no different.
You can shear a sheep a hundred times, but you can skin it only once. ó Amarillo Slim Preston
PokerGrinder
PokerGrinder
Joined: Apr 30, 2015
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May 10th, 2021 at 11:59:19 PM permalink
Btw my financial advisor made me like 10% last year, I made 400%.
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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May 11th, 2021 at 2:13:11 AM permalink
Quote: PokerGrinder



This is gambling but I believe Iím gambling with an edge so I donít see the issue. I gamble with an edge every day, THIS IS NO DIFFERENT.




sorry, but you're incorrect - it is different

I believe you have an edge - as just about everybody does who wades into a bull market - but only because it's been rocketing upward for quite some time

if that changes and it starts to rocket downwards or waffle and chop up and down I believe your edge and everybody else's will disappear

one main reason is that currently there is not the opportunity to sell these currencies short except possibly with ETFs and that will not be anywhere near as volatile as buying the currency outright

so, it's not at all like your edge at poker - where you're just better than the majority of players that you face

and that will always be the case unless the underclass at poker improves dramatically - and that is very unlikely



Quote: PokerGrinder

Btw my financial advisor made me like 10% last year, .




the S&P 500 gained 18.40% including dividends in 2020 - you underperformed the broad market by a lot
if you used a financial advisor it suggests you are not comfortable trading the market by yourself



*
Last edited by: lilredrooster on May 11, 2021
"𝘣𝘦𝘭𝘪𝘦𝘷𝘦 𝘩𝘢𝘭𝘧 𝘰𝘧 𝘸𝘩𝘢𝘵 𝘺𝘰𝘶 𝘴𝘦𝘦 𝘢𝘯𝘥 𝘯𝘰𝘯𝘦 𝘰𝘧 𝘸𝘩𝘢𝘵 𝘺𝘰𝘶 𝘩𝘦𝘢𝘳"______Edgar Allan Poe
AxelWolf
AxelWolf
Joined: Oct 10, 2012
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May 11th, 2021 at 2:57:17 AM permalink
Quote: PokerGrinder

The way I see it, I have infinite life changing upside and a very small inconsequential downside.

Your parents will be glad to have their basement back.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
PokerGrinder
PokerGrinder
Joined: Apr 30, 2015
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May 11th, 2021 at 3:14:23 AM permalink
Quote: AxelWolf

Your parents will be glad to have their basement back.


Lol thanks boss
You can shear a sheep a hundred times, but you can skin it only once. ó Amarillo Slim Preston
onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
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May 11th, 2021 at 5:06:38 AM permalink
I'd think 95% too much and by having less you can increase share if the price drops a lot from current levels.
I am a robot.
billryan
billryan
Joined: Nov 2, 2009
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May 12th, 2021 at 9:18:38 AM permalink
Quote: PokerGrinder

Quote: Calder

Quote: onenickelmiracle

...Any time I do anything w investing try to pick moments, I usually get screwed...



These to me display gambling mindsets. Certainly no crime, and not surprising on a board of this nature.

But I think few financial advisors would call either of these ideas investing.


If I believe that this is an excellent investment opportunity and I have the opportunity why wouldnít I do this? Like I said the downside isnít that big.

This is gambling but I believe Iím gambling with an edge so I donít see the issue. I gamble with an edge every day, this is no different.



What edge do you think you have? What insight or advantage do you have that the average buyer lacks? You stated that you think this is an excellent investment opportunity. I'd like to understand what makes it so. So far, it seems most people look at the past performance and think it will continue. If bitcoin is at 50K, it needs to get to 100K for you to double your money. I'd love to have someone explain why one bitcoin is worth more than most luxury cars.
The difference between fiction and reality is that fiction is supposed to make sense.
darkoz
darkoz
Joined: Dec 22, 2009
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May 12th, 2021 at 9:43:52 AM permalink
Quote: billryan

Quote: PokerGrinder

Quote: Calder

Quote: onenickelmiracle

...Any time I do anything w investing try to pick moments, I usually get screwed...



These to me display gambling mindsets. Certainly no crime, and not surprising on a board of this nature.

But I think few financial advisors would call either of these ideas investing.


If I believe that this is an excellent investment opportunity and I have the opportunity why wouldnít I do this? Like I said the downside isnít that big.

This is gambling but I believe Iím gambling with an edge so I donít see the issue. I gamble with an edge every day, this is no different.



What edge do you think you have? What insight or advantage do you have that the average buyer lacks? You stated that you think this is an excellent investment opportunity. I'd like to understand what makes it so. So far, it seems most people look at the past performance and think it will continue. If bitcoin is at 50K, it needs to get to 100K for you to double your money. I'd love to have someone explain why one bitcoin is worth more than most luxury cars.



Scarcity and demand.
For Whom the bus tolls; The bus tolls for thee
billryan
billryan
Joined: Nov 2, 2009
  • Threads: 202
  • Posts: 12032
May 12th, 2021 at 9:51:11 AM permalink
Quote: darkoz

Quote: billryan

Quote: PokerGrinder

Quote: Calder

Quote: onenickelmiracle

...Any time I do anything w investing try to pick moments, I usually get screwed...



These to me display gambling mindsets. Certainly no crime, and not surprising on a board of this nature.

But I think few financial advisors would call either of these ideas investing.


If I believe that this is an excellent investment opportunity and I have the opportunity why wouldnít I do this? Like I said the downside isnít that big.

This is gambling but I believe Iím gambling with an edge so I donít see the issue. I gamble with an edge every day, this is no different.



What edge do you think you have? What insight or advantage do you have that the average buyer lacks? You stated that you think this is an excellent investment opportunity. I'd like to understand what makes it so. So far, it seems most people look at the past performance and think it will continue. If bitcoin is at 50K, it needs to get to 100K for you to double your money. I'd love to have someone explain why one bitcoin is worth more than most luxury cars.



Scarcity and demand.




And your edge is what? An ushaken belief that it will continue to go up in price?
The difference between fiction and reality is that fiction is supposed to make sense.

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