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Investors do all the time. They watch it drop, maybe average down and finally get to a point where it isn't worth selling, so they just hold until they are forced out by the company being delisted or by the company being bought out at a price way lower than they paid.

Carlo Pietro Giovanni Guglielmo Tebaldo Ponzi

Why all in on a possible sucker play?

Only believers kinda sorta. When it drops they will decide to wait for a lower price, and finally they'll brag about how smart they were not to have been sucked in. Now as a skeptic I'm just waiting for the trend to change. I was challenged about a year ago to show how a trader could outperform...

Me either but then I'm waiting for the market to turn around. Higher highs and higher lows on the weekly.

I'm a skeptic. I don't see where Bitcoin can fix and replace what we have now. I've read the books and spent the time to research. The first thing that strikes me is that bitcoin is tied to fiat. If you don't have fiat you have no way of valuing bitcoin. Take a look at North America. Canada...

Not much different from a reddit short squeeze on GME It's is their fault for investing in a company that doesn't require an audit.

I was under the impression that the amount of bitcoin would be fixed. Well, just give all your money away and enjoy the abundance.

Why do you feel that the investors are innocent? Surely they bear some responsibility for their actions. There wouldn't be any whining or crying if they all became very rich.

Isn't the natural force of business, rich get richer and poor get poorer, what you are railing against? A fixed money supply is not solving that problem. With a fixed supply I believe you create a problem. To simplify this lets say that there is a fixed supply of $1000. If you lend that amount...

Nah not yet, they are still growing earnings. That advise is a year late :) I think he gave us that advise a year ago. Location! Location! Location!!

I worked in a bank in 1965, my salary was 2300 per year.

Measure inflation by how long you have to work to buy what you need. In the 60's I had to work about an hour and a half to buy a dozen beer, and about 1/3 of an hour to buy a pack of smokes or a gallon of gas. It's about the same today except gas might be a little cheaper

Same arguement for crypto.

Well it's hard to price the Brooklyn Bridge in Crypto because it fluctuates so violently. It seems we have to have fiat to value crypto.

Crypto won't change that. The smart people will still end up with most the money. Whether the unit of exchange is fiat or crypto, human nature won't change.Right now the smart people are betting against crypto.

What is your exit strategy for the long slow haul? What exactly are you hoping to accomplish?

What is your objective in buying EWZ. The price is in a down trend, down 35% from all time high. Dividend is decent but not growing and has been cut from time to time.

That is only 1/2 the story. If you look at what happens if you miss the few days of the largest drops you do much better. According to data from Ned Davis Research. From 1979 to mid-April of 2020, the S&P 500 Total Return Index gained 11.23% per annum. Sure, if you missed the best 40 days...

One thing about cash is that my liquid net worth will be the same tomorrow. Might not be able to buy as much but I know the number won't drop. Actually it will increase a bit as my cash is earning 2.9% in a savings fund. Margin is fine but it get reduced as the market value of you holdings...