This guy says futures are a failure

[sss12]

Honestly, I asked you for a step-by-step, because holding 1000 shares of AAPL is not the same as spending it on the items I mentioned. What if AAPL got bombed by NK and your shares tumbled to $10? It's ok, just don't talk like you know when you don't know.

The more BTC corrects, the more prickly the noobs get.

 

[SoesWasBetter]

I see carnage. last coin out is a wooden nickle

get it

 

[SoesWasBetter]

Bitcoin at 10K is still a 100% gain in 3 months. I will take that and keep holding.

Apparently everyone here bought low. The mkt cap of all the claimed holdings of btc on ET is 1,7 TRILLION

Not a single person on the internet bought at 16, 17, 20 000,

 

[johnarb]

The more BTC corrects, the more prickly the noobs get.

Bro, i hate to break it to you but I'm not a noob. Been in bitcoin/cryptos since 2013 and seen the nasty 2 year bear market in cryptos you don't know anything about

You on the other hand are a bitter no-coiner and hope you stay that way

 

[sss12]

Bro, i hate to break it to you but I'm not a noob. Been in bitcoin/cryptos since 2013 and seen the nasty 2 year bear market in cryptos you don't know anything about

You on the other hand are a bitter no-coiner and hope you stay that way

If you are not a noob, your comments are even more lame.
Your assumptions and conclusions of what may be in my portfolio even further off.

 

[neke]

Well, the ones that did ride the bubble all the way through now have done pretty well, don’t you say? I wonder what stocks were in vogue at the time so we can create a representative basket

Here are some to start with. May have to research where they are now:

CMGI
ICGE (Internet Capital Group)
CMRC (Commerce One)
The globe .com
Yahoo
Netscape
Alta Vista
Lycos
Compuserve
Prodigy
Geocities
America Online (AOL)

...and tons of others (many bankrupt or delisted).

Its easier to remember the survivors like AMAZON

 

[johnarb]

If you are not a noob, your comments are even more lame.
Your assumptions and conclusions of what may be in my portfolio even further off.

I'm not assuming anything, our discussion centered around spending investment assets like spending cryptos. If you hold cryptos, good for you. I hold cryptos and I spend cryptos so I'm not talking about a process I don't have experience in.

 

[sle]

Its easier to remember the survivors like AMAZON

I recall a research note by DB (I think) where they showed that if you bought X top computer stocks (I think 50 or something like that, selected and weighted by market cap) at the time and kept the whole portfolio, you would have still beaten S&P 500 handsomely. The thesis was that investing in disruptive companies is a scary but profitable idea.

 

[BONECRUSHER]

Well, the ones that did ride the bubble all the way through now have done pretty well, don’t you say? I wonder what stocks were in vogue at the time so we can create a representative basket

It depends. My father got back to even and more, but he didn't invest in those crazy .com's that had no earnings and ended up bankrupt either...there were plenty that ended up worthless.

 

[BONECRUSHER]

Bull markets have a tendency to produce a lot of geniuses

Unlike dotcoms (which by the way I lived through the experiences of trading that market as I'm old), crypto traders/holders like me get to enjoy the fruits of our successes during this full blown mania, spending on foods, travels, consumer products, luxury items, etc, etc. unlike holding stock certificates that you can't spend on nothing.

You know what sucks ballz right now, though? Being a no-coiner

That's interesting...I buy all that stuff too, but I don't own any cryptos...how on earth can I do that? Yes, I'm a non-coiner...but I've made a living trading for decades, but the 11 years I've been on ET I've never put anyone down for not being able to do the same, though.