Couple interesting thoughts...

Frederick Foresight said:
Just curious. Do you own any BTC now? If not, are you planning on buying some?
More...
I own 5 bitcoins and whatever coins that resulted from the forks, bought it 4 years ago for 3k. All things considered, I’d call it a token allocation to keep my finger in the pie.

PS. If we see a decline I might buy some more but at these levels I am OK just waiting it out.
 
sle said:
I own 5 bitcoins and whatever coins that resulted from the forks, bought it 4 years ago for 3k. All things considered, I’d call it a token allocation to keep my finger in the pie.

PS. If we see a decline I might buy some more but at these levels I am OK just waiting it out.
More...
Not a bad little pie! And it looks like you bought it at a mostly prebaked price. If you had not bought any thus far, would you even consider going in now?
 
Last edited:
Frederick Foresight said:
Not a bad little pie! And it looks like you bought it at a mostly prebaked price. If you had not bought any thus far, would you even consider going in now?
More...
It’s a tricky question. Truth is, even holding at these levels is worth it only in size that’s not a meaningful portion of your net worth.
So if I was flat, I would probably buy A little or (probably a better option) wait for a drop first.
 
sle said:
No, he is not, but he is reasonably good at understanding the various market and economic factors. Individuals who mostly suck at everything (like myself) might improve by listening and internalizing the opinions of others. Especially when those people are truly good at what they do. Even if it happens on the internet and the knee-jerk reaction is to argue instead.
More...

is this a boss I would know? if it is, those guys are the smartest (and one of the wisest) people I have ever met. I would take their market views very seriously. thanks for sharing.
 
newwurldmn said:
is this a boss I would know? if it is, those guys are the smartest (and one of the wisest) people I have ever met. I would take their market views very seriously. thanks for sharing.
More...
Yup, you’re thinking of the right person.
 
Pekelo said:
Suddenly every old timer who can't trade anymore is an expert on crypto. Interestingly, he never mentioned any other cryptos when he talked about "Bit Coin".
More...
If Ralph Acampora or Joe Bat gets on CNBC and starts talking about it then time to find the nearest exit.
 
Frederick Foresight said:
People much smarter than I am seem to be enamored of Bitcoin and other cryptocurrencies.....

I just don't get it. Judging by the rapidity of its ascent....
More...

The rapidity you're talking about took 9 years, but you're probably referring to the last 12 months. I started buying in 2013 and better price entries were available for 2 years.

Price reflects risk. I considered it "lost money" when I bought. Since then, many positive things have happened in Bitcoin/crypto space.

Bitcoin may come down in price but I don't think it will go below $5K. I get "advised" constantly to cash out as it's about to crash and they are shocked when I confidently say I don't think so.
 
You must log in or register to reply here.
Back
Top