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The Scuppers This is a new forum for the not necessarily fishing related topics...

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Old 12-18-2017, 05:35 PM   #31
nightfighter
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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.

“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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Old 12-19-2017, 09:12 AM   #32
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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.
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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 .
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Old 12-19-2017, 10:02 AM   #33
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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....

“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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Old 12-21-2017, 05:30 PM   #34
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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!

“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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Old 12-22-2017, 09:43 AM   #35
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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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Old 12-22-2017, 09:54 AM   #36
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It’s hard to post when you are in the fetal position under your desk.
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Old 12-22-2017, 01:53 PM   #37
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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 $?
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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Old 12-22-2017, 02:00 PM   #38
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Amazing that the fundamentals can change that much in a day LOL
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Old 12-22-2017, 02:04 PM   #39
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Live by the sword

Die by the sword

“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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Old 12-22-2017, 04:10 PM   #40
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pigs get fed. hogs get slaughtered.
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Old 12-24-2017, 08:30 PM   #41
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Still have that new VS in box if anyone wants to step up ?
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Old 01-03-2018, 07:41 AM   #42
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Massroots 📈
Marijuana and blockchain
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