ORH_wxman Posted May 4, 2021 Share Posted May 4, 2021 8 minutes ago, BuffaloWeather said: If you held through the 2008 crash instead of selling you would have a return of over 300%. Can't lose if you never sell. Diamond hands! https://www.cnbc.com/2019/03/15/the-stock-markets-gain-in-the-last-10-years-is-one-of-its-best-runs-since-the-1800s.html The stock market is a good long term investment....so you shouldn't get too wrapped up in the spikes and dips if you are a long term investor. The crashes can be scary....1987 crash, dotcom bubble crash, financial crisis in 2008, etc. But it is different than speculative commodities markets. I would tell people if they want to make a long term investment, then go with some safe index equity funds or do your own research into technicals of specific stocks and invest accordingly. If someone was selling me crypto as a safe long term investment, I'd pass. I would call that gambling....which is fine if you want to try and score a big speculative strike. But it's still gambling and anyone putting money into it should be aware of the high volatility and downside that goes along with the upside. 3 Link to comment Share on other sites More sharing options...
RUNNAWAYICEBERG Posted May 4, 2021 Share Posted May 4, 2021 8 minutes ago, ORH_wxman said: The stock market is a good long term investment....so you shouldn't get too wrapped up in the spikes and dips if you are a long term investor. The crashes can be scary....1987 crash, dotcom bubble crash, financial crisis in 2008, etc. But it is different than speculative commodities markets. I would tell people if they want to make a long term investment, then go with some safe index equity funds or do your own research into technicals of specific stocks and invest accordingly. If someone was selling me crypto as a safe long term investment, I'd pass. I would call that gambling....which is fine if you want to try and score a big speculative strike. But it's still gambling and anyone putting money into it should be aware of the high volatility and downside that goes along with the upside. I invest in equities and etfs but gamble with cryptos. One can do both. 2 Link to comment Share on other sites More sharing options...
STILL N OF PIKE Posted May 4, 2021 Share Posted May 4, 2021 27 minutes ago, ORH_wxman said: The stock market is a good long term investment....so you shouldn't get too wrapped up in the spikes and dips if you are a long term investor. The crashes can be scary....1987 crash, dotcom bubble crash, financial crisis in 2008, etc. But it is different than speculative commodities markets. I would tell people if they want to make a long term investment, then go with some safe index equity funds or do your own research into technicals of specific stocks and invest accordingly. If someone was selling me crypto as a safe long term investment, I'd pass. I would call that gambling....which is fine if you want to try and score a big speculative strike. But it's still gambling and anyone putting money into it should be aware of the high volatility and downside that goes along with the upside. It (Stock market ) *has been a good investment if you are in index funds only so many individual stocks go belly up or perform poorly and get kicked out of indexes at major downturns and then are replaced with newer successful companies so the average index keeps chugging upward Link to comment Share on other sites More sharing options...
STILL N OF PIKE Posted May 4, 2021 Share Posted May 4, 2021 Stock Market this am is falling nicely and resting on key support , that should shake out some speculation Link to comment Share on other sites More sharing options...
ORH_wxman Posted May 4, 2021 Share Posted May 4, 2021 14 minutes ago, RUNNAWAYICEBERG said: I invest in equities and etfs but gamble with cryptos. One can do both. Oh absolutely...never said you can't. You're talking to a dude who used to count cards in blackjack and got tossed from a lot of casinos, lol. It's just that people should understand the difference between the two. 4 minutes ago, STILL N OF PIKE said: It (Stock market ) *has been a good investment if you are in index funds only so many individual stocks go belly up or perform poorly and get kicked out of indexes at major downturns and then are replaced with newer successful companies so the average index keeps chugging upward For sure...that's why I mentioned looking at technicals and educating yourself when you pick individual stocks. Individual stocks can be very much like gambling with commodities. Index funds are the safer play and require less knowledge. 1 Link to comment Share on other sites More sharing options...
TalcottWx Posted May 4, 2021 Share Posted May 4, 2021 I think we're past the time of considering some crypto as speculative. Would have expected a crash by now. Hasn't happened. Hmm 4 Link to comment Share on other sites More sharing options...
ORH_wxman Posted May 4, 2021 Share Posted May 4, 2021 31 minutes ago, DotRat_Wx said: I think we're past the time of considering some crypto as speculative. Would have expected a crash by now. Hasn't happened. Hmm We've already seen it crash before....BTC went from 20k to 3k in under a year between late 2018 and 2019...an 85% reduction...it obviously has gone back up now well past it's previous highs, but would it really be shocking if it tanked to like 8k or something? What if the true value of BTC is really just a niche market somewhere in the neighborhood of 5k and not an order of magnitude higher than that? The idea is that we should invest in crypto because it keeps going up even if we cannot explain the fundamentals behind the rise. That makes it speculative. 2 Link to comment Share on other sites More sharing options...
BuffaloWeather Posted May 4, 2021 Share Posted May 4, 2021 26 minutes ago, ORH_wxman said: We've already seen it crash before....BTC went from 20k to 3k in under a year between late 2018 and 2019...an 85% reduction...it obviously has gone back up now well past it's previous highs, but would it really be shocking if it tanked to like 8k or something? What if the true value of BTC is really just a niche market somewhere in the neighborhood of 5k and not an order of magnitude higher than that? The idea is that we should invest in crypto because it keeps going up even if we cannot explain the fundamentals behind the rise. That makes it speculative. That's because of this. I don't expect that to happen again. https://finance.yahoo.com/news/st-louis-fed-suggests-short-sellers-crushed-bitcoin-131420239.html In relation to that, the reason ETH went up so much this week. https://cryptopotato.com/over-375-million-shorts-liquidated-in-a-day-as-eth-price-tapped-3450/ 1 1 Link to comment Share on other sites More sharing options...
dendrite Posted May 4, 2021 Share Posted May 4, 2021 Cumrocket doubling in size today. The wife is impressed. 1 Link to comment Share on other sites More sharing options...
RUNNAWAYICEBERG Posted May 4, 2021 Share Posted May 4, 2021 16 minutes ago, dendrite said: Cumrocket doubling in size today. The wife is impressed. I thought you’d get showered with Vagecoin’s instead but congrats to her. 1 Link to comment Share on other sites More sharing options...
ORH_wxman Posted May 4, 2021 Share Posted May 4, 2021 41 minutes ago, BuffaloWeather said: That's because of this. I don't expect that to happen again. https://finance.yahoo.com/news/st-louis-fed-suggests-short-sellers-crushed-bitcoin-131420239.html In relation to that, the reason ETH went up so much this week. https://cryptopotato.com/over-375-million-shorts-liquidated-in-a-day-as-eth-price-tapped-3450/ You're giving a technical explanation for a short term move....that is something that absolutely can happen again. What we're still missing with crypto is fundamentals. It is still a speculative play. Doesn't mean it is an incorrect bet, but this is much more akin to volatile commodities than equities....except crypto isn't even physical like commodities. 1 Link to comment Share on other sites More sharing options...
TalcottWx Posted May 4, 2021 Share Posted May 4, 2021 3 Link to comment Share on other sites More sharing options...
Bostonseminole Posted May 4, 2021 Share Posted May 4, 2021 1 1 Link to comment Share on other sites More sharing options...
metagraphica Posted May 4, 2021 Share Posted May 4, 2021 5 hours ago, RUNNAWAYICEBERG said: I’m such an idiot. I was that guy who was brushing it off since the get go but had I bought 10k coins at a penny for just a hundo (just in case), I’d be getting daily Krafts from the wife right about now. Don't get me started on being an idiot. Screenshot is from when I sold all my Doge. I'll let you guys do the math for the current price... 2 Link to comment Share on other sites More sharing options...
Bostonseminole Posted May 4, 2021 Share Posted May 4, 2021 1 minute ago, metagraphica said: Don't get me started on being an idiot. Screenshot is from when I sold all my Doge. I'll let you guys do the math for the current price... I'm having a hard time doing the math lol.. Link to comment Share on other sites More sharing options...
Typhoon Tip Posted May 4, 2021 Share Posted May 4, 2021 1 hour ago, ORH_wxman said: You're giving a technical explanation for a short term move....that is something that absolutely can happen again. What we're still missing with crypto is fundamentals. It is still a speculative play. Doesn't mean it is an incorrect bet, but this is much more akin to volatile commodities than equities....except crypto isn't even physical like commodities. Yeah, I know I've mentioned this in the past ...But it's just another social construct, an illusion of value that is purely invented and so everyone involved merely wants to agree it exist. We say oil and gold, lumber and paper and ...well, commodities have intrinsic value and they do; but even in saying so, those only do to those that think they need them.. Ask an Eskimo, with lamp lights burning seal blubber oil, and their cultural/provisional model based upon mastery of survival via other means than western cultural perception of need, ask them what has value. They'd blow their knows with t-notes while they explain to you how CC is destroying their means to survive. ( Sometimes a "proverbial" comet impact and dose of humility needs to happen to drive humility and most importantly, reality .. back into the awareness arena... But, commodity -based economics is way, way far more substantiating the value a dollar than anything that crypto crap represents. ) Know what it represents? Crypton. That's what! = 'crypton to any commodity based economic systems' The reason I'm mentioning this is because I agree with your bold - it's spot on. I mean the "volatility" you mentioned in the previous sentence is merely predictive via crowd physics' - that's all it is. If one has some sort of special gift or talent or insight into how waves ripple through the dunces they may come out looking like the head of the class - but at what? What I find peculiar, how in the f* is a vapidly unsubstantiated and not really footed in commodities arbitrary system, getting people laid? - that's transferring one economic system that at least tries to make the illusion more physical ..into a "fake" system of value - it starts taking value out of the substantiated value side, because of abandonment ... right? That reeks of break down in social order frankly, and that's a problem when economy's abstract purpose for existing, stitching/organizimg culture together around a common them, is no longer agreed upon. Doesn't that begin to come unraveled? I think it's probably demo-able in the math of it .. Economy is not my bag, but... I wonder: is it just a matter of time before the gov or some oversight necessity/org/agency steps in and regulates the shit out of it to stop it from sucking value from the substantiated side... sending the investors fleeing like the sky-filled-with-bird scene in Day After Tomorrow. And all these people that have 'real' money invested will get left hold a bag of dog shit when any real currency abandons and the emptiness gets exposed ... Link to comment Share on other sites More sharing options...
Hoth Posted May 4, 2021 Share Posted May 4, 2021 3 hours ago, ORH_wxman said: The stock market is a good long term investment....so you shouldn't get too wrapped up in the spikes and dips if you are a long term investor. The crashes can be scary....1987 crash, dotcom bubble crash, financial crisis in 2008, etc. But it is different than speculative commodities markets. I would tell people if they want to make a long term investment, then go with some safe index equity funds or do your own research into technicals of specific stocks and invest accordingly. If someone was selling me crypto as a safe long term investment, I'd pass. I would call that gambling....which is fine if you want to try and score a big speculative strike. But it's still gambling and anyone putting money into it should be aware of the high volatility and downside that goes along with the upside. The price you pay for earning power is still ultimately the most important determinant in your long run return. People who chased the market in 1929 didn't recover their losses (if they actually resisted selling during a nearly 90% decline) until the 1960s. Buyers in 2000 took 16 years to break even. Most people are not that patient. If, on the other hand, you have the fortitude to buy in the midst of a significant crisis and can stomach being in the hole for a while, the market can do great things for you over the long run. You could have picked up Apple or Amazon for a couple bucks a share in 2002 or 2003. A relatively minor sum in either company then would've netted you a multi-hundred bagger. Link to comment Share on other sites More sharing options...
Hoth Posted May 4, 2021 Share Posted May 4, 2021 1 hour ago, DotRat_Wx said: Lol, the only thing mooning there is their float! Link to comment Share on other sites More sharing options...
weathafella Posted May 4, 2021 Share Posted May 4, 2021 20 minutes ago, Hoth said: The price you pay for earning power is still ultimately the most important determinant in your long run return. People who chased the market in 1929 didn't recover their losses (if they actually resisted selling during a nearly 90% decline) until the 1960s. Buyers in 2000 took 16 years to break even. Most people are not that patient. If, on the other hand, you have the fortitude to buy in the midst of a significant crisis and can stomach being in the hole for a while, the market can do great things for you over the long run. You could have picked up Apple or Amazon for a couple bucks a share in 2002 or 2003. A relatively minor sum in either company then would've netted you a multi-hundred bagger. The long game is the only reliable way you can do this. Selling at the bottom is nuts and timing the market is a fools errand. I actually won the only time I timed the market. In March 2009 I moved my entire 401K into equities. It worked out but I’m not sure I’d do it again. During a difficult time in my life circa 1991 I had to tap into a 403b account. The end balance was meager but now nearly 30 years later including RMDs which subtracted from value it is worth 10x that amount. It’s a near forgotten account that I don’t even consider in my assets in my head but it’s worth enough $$ to keep us going probably for a year. Patience. Link to comment Share on other sites More sharing options...
TauntonBlizzard2013 Posted May 4, 2021 Share Posted May 4, 2021 1 hour ago, Bostonseminole said: I'm having a hard time doing the math lol.. Me too lol... no I’m interested Link to comment Share on other sites More sharing options...
RUNNAWAYICEBERG Posted May 4, 2021 Share Posted May 4, 2021 1 hour ago, Bostonseminole said: I'm having a hard time doing the math lol.. He would be a millionaire right now. Ouch. Link to comment Share on other sites More sharing options...
RUNNAWAYICEBERG Posted May 4, 2021 Share Posted May 4, 2021 33 minutes ago, TauntonBlizzard2013 said: Me too lol... no I’m interested He sold like 2.1mill shibes back on 5/11/20 when it was worth 0.002 maybe. 1 Link to comment Share on other sites More sharing options...
metagraphica Posted May 4, 2021 Share Posted May 4, 2021 2 minutes ago, RUNNAWAYICEBERG said: He sold like 2.1mill shibes back on 5/11/20 when it was worth 0.002 maybe. Link to comment Share on other sites More sharing options...
RUNNAWAYICEBERG Posted May 4, 2021 Share Posted May 4, 2021 Just now, metagraphica said: I’m hurt from that. 1 Link to comment Share on other sites More sharing options...
Bostonseminole Posted May 4, 2021 Share Posted May 4, 2021 4 Link to comment Share on other sites More sharing options...
Bostonseminole Posted May 4, 2021 Share Posted May 4, 2021 4 minutes ago, metagraphica said: yikes Link to comment Share on other sites More sharing options...
RUNNAWAYICEBERG Posted May 4, 2021 Share Posted May 4, 2021 14 minutes ago, Bostonseminole said: New school vs old school lol. Link to comment Share on other sites More sharing options...
dendrite Posted May 4, 2021 Share Posted May 4, 2021 34 minutes ago, RUNNAWAYICEBERG said: New school vs old school lol. She just said ok boomer Link to comment Share on other sites More sharing options...
Supernovice Posted May 4, 2021 Share Posted May 4, 2021 There's been plenty of fun to be had just in small caps this past week...forget sh*tcoins OCGN, PIXY, PRPO UXIN....was able to bag +20% on all of these. you guys chasing coins are doing it wrong. Link to comment Share on other sites More sharing options...
PhineasC Posted May 4, 2021 Share Posted May 4, 2021 1 hour ago, dendrite said: She just said ok boomer I like how this is being painted as a Millennial vs Boomer battle when as usual it will just be the 0.1% versus everyone else, just like everything else. Once some establishment people make some money in crypto, they will pull up the ladder behind them same as always happens. 1 Link to comment Share on other sites More sharing options...
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