You're like a junk collector. Picking up stuff other people have thrown away, hoping some day someone will need it and you'll be able to sell at a profit. Oh you'll make a little here and there and end up with a great collection of junk.The only ones crying are either paper-hands, or forced liquidations. Long-term investors don't crystalize losses and are happy to get a second chance of winding back the clock to take further advantage of.
Some of my top class REITs have crashed down to initial covid-panic selling prices. Despite I'm already long, I am happy to keep loading up at these bargains. What more can you ask for, except for your broker to give you stocks for free?
I would have never bought MSTR without the fire-sales going around. Glad for this opportunity! I just wish I didn't have a PoS Honda Civic, so I could spend less on repairs and more on securities.
EU agrees to tame 'Wild West' with new crypto market rules
- Thread starter ajacobson
- Start date
So he will make a little bit and end up with more junk to sell?
That sounds like a great idea to me!
It is if you want a portfolio full of junk.
I sure do especially since I've already made a profit on it. It means more profits for the future. Pass that junk this way.
You've made a profit. How do you do that if you are a long term investor with diamond hands?
Without getting too personal can you give us an example of a profit you made this year?
Thank you so much!
Not too long ago I was told this when I was buying Enbridge, Pembina, Suncor, and all the other oil stocks because everyone sold them off at fire-sale prices insisting they were now junk and OIL would never rebound because the bubble popped and Cathy Wood said OIL will never be above 6 to 12 bucks a barrel.
Now, despite been giving this warning about crypto for tens of dozens of times, I suppose that THIS TIME, you are going to tell me that you REALLY REALLY MEAN IT. Because THIS TIME it's different and crypto really will just go away to zero!
Hate to burst your bubble Deaddog, but Ethereum isn't going to go away, nor is oil. Regardless how many times you may think WELL THIS TIME ITS DIFFERENT!
It is possible ETH/BTC may be at depressed prices for a couple more years while the US is stuck in recession/depression but it's not going to vanish unless you think we're headed back to horse carriages.
Even if you could prove there is a 70% chance that crypto can't recover, the asymmetrical nature makes it an obvious buy.
Have you guys checked what's happening to Grayscale?
Is this time different? Well, yes it is.
Not only Grayscale but many companies that made their business on top of crypto garbage are going bust. Sailor Gambler is next.
That's what is different, the main companies that kept the shit hole afloat are going bust.
Is this time different? Well, yes it is.
Not only Grayscale but many companies that made their business on top of crypto garbage are going bust. Sailor Gambler is next.
That's what is different, the main companies that kept the shit hole afloat are going bust.
I don't think I ever mentioned oil stocks. I'm still holding mine although they are on a short leash.
And I haven't said bitcoin won't go back up. I just don't see the value in it. I'm a speculator, not a long term investor. I like my capital to be earning a return. If/when bitcoin starts to trend up I'll maybe take a shot. I can pyramid up, keeping an eye on protecting my capital.
I took a shot when it broke trend at 48k but took a quick loss. Still waiting for it to stop going down. Why tie up your capital for a couple years if you don't have to?
Thanks Captain Obvious. Yes, companies are doing bust, blue chip companies are going bust. But what won't go bust are the too big too-big-to-fail types because our tax-payers money is going to make sure they stay afloat.
We have a recession (possible depression 2.0) we are falling into, and the whole word is being sucked into it. So you'd better fucking bet we are going to see even more companies falling like dominoes, particularly since the governments promised free money until 2024 and then did a 180 turn-around just as everyone leveraged up debt. Now they are caught in rising rates that are crushing them at the worst possible of times.
So what is it you are trying to say here that we don't already know? By the way, crypto has been around long, long, long before 'Grayscale' or MSTR got into it. You are mistaken if you think THEY kept it afloat. That's like saying Goldman S. is what kept gold alive for thousands of years.
We have a recession (possible depression 2.0) we are falling into, and the whole word is being sucked into it. So you'd better fucking bet we are going to see even more companies falling like dominoes, particularly since the governments promised free money until 2024 and then did a 180 turn-around just as everyone leveraged up debt. Now they are caught in rising rates that are crushing them at the worst possible of times.
So what is it you are trying to say here that we don't already know? By the way, crypto has been around long, long, long before 'Grayscale' or MSTR got into it. You are mistaken if you think THEY kept it afloat. That's like saying Goldman S. is what kept gold alive for thousands of years.