Never bought any. I just think people are doing the typical caveman thing where they hate things they don't understand and ignore the parallels between the thing they like and the thing they don't like. STAWKTH-R-BETER, yeah, okay, go do penny stock things for a year, or intangible pop culture stocks, or pharma stocks, and then let's talk again. Maybe afterwards people have a better understanding what their filters actually are.
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- Thread starter enki
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Never bought any. I just think people are doing the typical caveman thing where they hate things they don't understand and ignore the parallels between the thing they like and the thing they don't like. STAWKTH-R-BETER, yeah, okay, go do penny stock things for a year, or intangible pop culture stocks, or pharma stocks, and then let's talk again. Maybe afterwards people have a better understanding what their filters actually are.
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alien
Naw, people just don't like hype. Whether it be tech stocks, housing bubbles, powerball hysteria, crypto currency...
When everyone you work with, meet at the coffee shop, bagging your groceries... is talking about crypto you know the hype is about to bust.
A welder at work set up a mining operation in his basement last winter. That was my clue to not touch this thing. I didn't need any deeper understanding than that.
When everyone you work with, meet at the coffee shop, bagging your groceries... is talking about crypto you know the hype is about to bust.
A welder at work set up a mining operation in his basement last winter. That was my clue to not touch this thing. I didn't need any deeper understanding than that.
ejv
Untitled work in progress
Reminds me what my brother told me about during the housing boom and later fall. He was a loan officer at the time. He said when he was doing a refinance loan for a stripper in Las Vegas on what was her 4th home, he realized things would not end well.
Mike95060
Work In Progress
panthera
Ride or Die
Thats nothing. Faangs have lost $1 trillion recently. Check it out.
https://www.cnbc.com/2018/11/20/tec...n-and-counting-from-highs-amid-tech-rout.html
So much for stocks being better.
Climber
Well-known member
They're going to have to fall much, much further to match the fall of bitcoin and other crypto currency.
panthera
Ride or Die
They're going to have to fall much, much further to match the fall of bitcoin and other crypto currency.
hahaha really. Last I checked 1 trillion is alot more than the entire crypto market cap at its ath.
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The metric shouldn’t be a dollar figure but a % of market cap at the time in question, to equalize the resultz
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alien
Exactly. FANNG’s are down 20-30% from their high. Bitcoin is down over 75%.
Who cares about market cap.
Entoptic
Red Power!
+1 it’s all about percentages.
redruM
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it's called "percentage loss". are you really not aware of the concept?
bitchcoin's fall is far greater than the tech stocks.
for the time being, anyway.
afm199
Well-known member
Bitcoin is a huge bargain today. It's a much bigger bargain that it was last week at $5k. It's $4k now! I'd back the truck up, and also put some money away to buy at $2k when it gets there. Hugest bargain.
Climber
Well-known member
Just think of all of the fail that you could be touting if you had bought at $8k like some advocated early in this thread!
Actually, in the other thread there's plenty of people pushing individual stocks, saying it's a great thing etc, saying they read 2 articles saying it was great, etc. LOL
That is why if you want to invest in a specific industry or technology, you should buy a sector ETF or at least a bundle of companies instead of just gambling on one. I have posted about this multiple times, but nobody seems to get it. They think their "research" is good enough to find THE one best company. Even if it pans out, what's your plan for constantly monitoring it over time to see if it remains a good stock?
If you cannot find an ETF or mutual fund for the sector you're interested in, you can buy a bundle of up to 30 companies from Motif, for a very low price. In fact there are several "blockchain" company groupings on there already:
https://www.motif.com/search#select...tifs&s.d=blockchain&truncatedQuery=blockchain
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i must have read past them. it's one thing to say it's done well for me vs from sounding there is a motive behind them talking it up (especially something that is lesser known or less popular). i think i have learned much from the stock thread from mature investors sharing how they handle their portfolios more than anything. having said that, i have not changed my investment strategy to be like anyone else's.
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Entoptic
Red Power!
Just think of all of the fail that you could be touting if you had bought at $8k like some advocated early in this thread!
And ride it up to 18k at which point it was probably a good idea to sell.
Still don’t understand why you feel the need to hammer on people that lost money.
Climber
Well-known member
Not hammering people that lost money, just the people who were trying to tell everybody to jump on this train.
It may work for you, but the vast majority of people who hopped on that train have lost money.
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Maybe the disconnect is an assumption of basic trading knowledge. When people say, "BUY BTC!!", to me, it comes with an asterisk of, "surely you see the absurd volatility of this train, so go ahead and ride it...as long as you know when to step off" and not, "..and hold 4vr because it smokes CAT in the long run!!!".
redruM
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this is an i-told-you-so moment for us "shit posters" and "FUD spreaders" and whatever else you called those in this thread who were highly critical of buttcoin and warned of imminent danger.