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| The Scuppers This is a new forum for the not necessarily fishing related topics... |
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12-18-2017, 05:35 PM
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#31
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Seldom Seen
Join Date: May 2001
Posts: 10,505
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GBTC today....
$3,463.00
764.00 28.31%
So if I did not buy in on 9/1/17 when it was trading around 800, what would make me buy in when it goes up almost 800 in a day? Opportunity lost? Absolutely. Not going to say that it doesn't bother me a little bit, but there is nothing in the story that is any more compelling now than there was back then. Besides, I would have already been long out of it having taken a profit anyway. No way I could even consider establishing an initial position at this level...
Of course if it is at 10k in March I will be kicking myself a little bit, but I can only act with the information I have in front of me now.
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“Americans have the right and advantage of being armed, unlike the people of other countries, whose leaders are afraid to trust them with arms.” – James Madison.
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12-19-2017, 09:12 AM
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#32
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Registered User
Join Date: Nov 2003
Location: MA
Posts: 3,630
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Quote:
Originally Posted by Nebe
A friend of mine grew up as a 1%er. Parents were LOADED. He could have become anything he wanted in life as his parents could have placed him in any good college he chose. Long story short, his dad put everything they owned in an investment that was sure to explode. The story ends with his parents loosing everything, including their house and my friend is now a nail banger framing houses.
Kudos to Chef, but I make my money with my hands and with extreme caution. Call me the tortoise.
Posted from my iPhone/Mobile device
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Your friends dad is an idiot ... I’d never or suggest anyone put a huge percentage of your savings in altcoins . 1-3 % would be a smart move though .
Posted from my iPhone/Mobile device |
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12-19-2017, 10:02 AM
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#33
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Seldom Seen
Join Date: May 2001
Posts: 10,505
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And another red flag...
Crypto Company CRCW has had its stock trading suspended by SEC until Jan 3 2018 pending investigation of its promotion and compensation.... Stock was ten bucks in October. Closed at 575 before suspension. Reminds me of some pot stock suspensions that left shareholders holding the bag....
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“Americans have the right and advantage of being armed, unlike the people of other countries, whose leaders are afraid to trust them with arms.” – James Madison.
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12-21-2017, 05:30 PM
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#34
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Seldom Seen
Join Date: May 2001
Posts: 10,505
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GBTC today...
1,772.00
-610.995 -25.64%
So I could buy twice as much as.... just three days ago....
And another sure sign that this cryptomania has reached a frenzy that will rob you; Long Island Iced Tea skyrocketed 4X after changing its name and focus to Long Blockchain.... I actually thought it was a joke when I first read the report. Maybe John should rename the site Striped-Blockchain.... he will be able to sell it for millions! Tomorrow!
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“Americans have the right and advantage of being armed, unlike the people of other countries, whose leaders are afraid to trust them with arms.” – James Madison.
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12-22-2017, 09:43 AM
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#35
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Registered User
Join Date: Jul 2004
Posts: 10,242
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Ross, why is it that everyone who says they invest in schemes like this never lose $, you only hear of them making $?
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12-22-2017, 09:54 AM
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#36
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Registered User
Join Date: Sep 2003
Location: Libtardia
Posts: 21,591
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It’s hard to post when you are in the fetal position under your desk.
Posted from my iPhone/Mobile device
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12-22-2017, 01:53 PM
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#37
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Seldom Seen
Join Date: May 2001
Posts: 10,505
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Quote:
Originally Posted by PaulS
Ross, why is it that everyone who says they invest in schemes like this never lose $, you only hear of them making $?
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Pride and ego mostly. I made good money in Go Pro when it came out. Took a profit. Went back in pretty heavily on momentum, added to it on a couple pull backs, and ended up losing 75% of the capital invested plus the original profit. Still used the loss to offset gains as recently as last year. Of course you cant do that in a retirement account...
Emotion can lead to massive errors in judgement when it comes to investing. Chasing a stock is no different from the gambler trying to make up losses from the 1 o'clock NFL games by going in heavy on the late games. I do have >50% in a single position, but it is a large cap and I am up > 125%, which skews the pie. Usually have no more than 10% in a single position when establishing it. These folks who say they put it all in on Bitcoin, or whatever, are either lying or have the ability to live with a ton more risk than anyone I know personally.
Crypto market cratering some more today, though most trading is done for the day at this hour as majority of traders are in the bars... |
“Americans have the right and advantage of being armed, unlike the people of other countries, whose leaders are afraid to trust them with arms.” – James Madison.
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12-22-2017, 02:00 PM
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#38
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Registered User
Join Date: Jul 2004
Posts: 10,242
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Amazing that the fundamentals can change that much in a day LOL
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12-22-2017, 02:04 PM
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#39
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Seldom Seen
Join Date: May 2001
Posts: 10,505
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Live by the sword
Die by the sword
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“Americans have the right and advantage of being armed, unlike the people of other countries, whose leaders are afraid to trust them with arms.” – James Madison.
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12-22-2017, 04:10 PM
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#40
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Registered User
Join Date: Sep 2003
Location: Libtardia
Posts: 21,591
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pigs get fed. hogs get slaughtered.
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12-24-2017, 08:30 PM
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#41
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Registered User
Join Date: Nov 2003
Location: MA
Posts: 3,630
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01-03-2018, 07:41 AM
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#42
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Registered User
Join Date: Nov 2003
Location: MA
Posts: 3,630
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Massroots 📈
Marijuana and blockchain
🚀
Posted from my iPhone/Mobile device
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01-17-2018, 09:58 AM
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#43
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Seldom Seen
Join Date: May 2001
Posts: 10,505
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I have received three calls today about the cratering bitcoin prices. Two from kids in their twenties who were previously the greatest investors ever, and one from a friend who went in pretty heavy at his kid's urging. I could only offer what I know. There are regulatory issues on the horizon that may have adverse effect on price. In particular, the Koreans considering banning the trading and ownership in cryptocurrencies. And then there is the impending first expiration of futures contracts on the commodities exchanges. All negatives in my view. Price has been halved from its very recent high of 19500. It is at 9545 as I type this, down +10% on the day, or over 1000 bucks... They were not happy when I said that I could see this thing getting cut in half again from this level. They are not having a good day.....
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“Americans have the right and advantage of being armed, unlike the people of other countries, whose leaders are afraid to trust them with arms.” – James Madison.
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01-17-2018, 10:02 AM
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#44
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Seldom Seen
Join Date: May 2001
Posts: 10,505
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For fair comparison to previously quoted investments, GBTC is at 1440
Was 3463 on 12/18/17
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“Americans have the right and advantage of being armed, unlike the people of other countries, whose leaders are afraid to trust them with arms.” – James Madison.
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01-17-2018, 10:44 AM
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#45
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Registered User
Join Date: Sep 2003
Location: Libtardia
Posts: 21,591
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Down just over 50% this month. Ouch.
Posted from my iPhone/Mobile device
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01-17-2018, 11:18 AM
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#46
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Registered User
Join Date: Sep 2003
Location: Libtardia
Posts: 21,591
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The one thing Chef said that proved 100% correct was that when more options of crypto currency became available, this one would take a nose dive.
Posted from my iPhone/Mobile device
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06-21-2018, 05:13 AM
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#47
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Registered User
Join Date: Nov 2003
Location: MA
Posts: 3,630
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Quote:
Originally Posted by Nebe
The one thing Chef said that proved 100% correct was that when more options of crypto currency became available, this one would take a nose dive.
Posted from my iPhone/Mobile device
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Bitcoins far from done ! Lol , you’ve all been saying it’s dead , done , and scam for years now 🤣 ! Lots of those other options are now classified as securities too , which bitcoin isn’t . Watch ! I bought more at recent lows .🚀
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06-21-2018, 06:42 AM
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#48
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Seldom Seen
Join Date: May 2001
Posts: 10,505
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Quote:
Originally Posted by cheferson
Bitcoins far from done ! Lol , you’ve all been saying it’s dead , done , and scam for years now �� ! Lots of those other options are now classified as securities too , which bitcoin isn’t . Watch ! I bought more at recent lows .��
Posted from my iPhone/Mobile device
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You are doing very well then, trading these new currencies. Congrats! But I don't think you could quote posts where "dead, done, and scam" were stated here. Still some serious questions about bitcoin, some serious money made, and some serious money lost. Glad to hear you always managed to be on the plus side. I have never had the pleasure to meet someone who has been able to accomplish that. |
“Americans have the right and advantage of being armed, unlike the people of other countries, whose leaders are afraid to trust them with arms.” – James Madison.
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08-08-2018, 06:53 PM
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#49
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Seldom Seen
Join Date: May 2001
Posts: 10,505
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Chef, I sincerely hope you are out and did not ride this thing down.....
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“Americans have the right and advantage of being armed, unlike the people of other countries, whose leaders are afraid to trust them with arms.” – James Madison.
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08-09-2018, 08:14 AM
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#50
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Certifiable Intertidal Anguiologist
Join Date: Feb 2000
Location: Somewhere between OOB & west of Watch Hill
Posts: 35,134
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Quote:
Originally Posted by nightfighter
Chef, I sincerely hope you are out and did not ride this thing down.....
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I don't know. I am not going to gamble on it but with RUS/China playing games on US currency it might not be bad. |
~Fix the Bait~ ~Pogies Forever~
Striped Bass Fishing - All Stripers
Kobayashi Maru Election - there is no way to win.
Apocalypse is Coming:
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08-24-2018, 06:21 AM
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#51
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Hardcore Equipment Tester
Join Date: Mar 2001
Location: Abington, MA
Posts: 6,234
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Its already financially ruined a few people
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Bent Rods and Screaming Reels!
Spot NAZI
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