Bostonseminole Posted May 5, 2021 Share Posted May 5, 2021 Anyway my doge days are almost done. On the Rh app I can’t see you can do a stop sell trade so that blows. Link to comment Share on other sites More sharing options...
RUNNAWAYICEBERG Posted May 5, 2021 Share Posted May 5, 2021 32 minutes ago, Bostonseminole said: Not aimed at anyone, just got me thinking when I saw the posts , I see in all stocks, some are folks shorting stocks. I don’t think you can short coins can u? . Correct. Can’t short coins. Link to comment Share on other sites More sharing options...
RUNNAWAYICEBERG Posted May 5, 2021 Share Posted May 5, 2021 48 minutes ago, CoastalWx said: Hopefully it crashes and ends the virtual fantasy. Hopefully an EF5 rips through Weymouth later this month? 1 1 Link to comment Share on other sites More sharing options...
Hoth Posted May 5, 2021 Share Posted May 5, 2021 31 minutes ago, CoastalWx said: I just said that lol. It is like that. This whole thing is just crazy. It is crazy. And the Fed/Treasury know this, but have clearly backed themselves into a corner. Note how quickly Yellen reversed her comments about raising rates to combat inflation when the market dropped a measly 2% yesterday. The stock/credit/real estate markets have become so bubbly, and so much individual savings/wealth has been thrown into them and other nonsense like shitcoins, that they are now a significant risk to the economy if they falter. The Fed has no choice but to promise zero rates and more emergency QE even though the economy is growing at an almost unheard of rate and showing signs of overheating. Link to comment Share on other sites More sharing options...
RUNNAWAYICEBERG Posted May 5, 2021 Share Posted May 5, 2021 38 minutes ago, Bostonseminole said: Folks that wish for a crash and people to lose money always amazes me, but I guess if you have nothing invested, why not. I do think it goes down, but hopefully it’s a steady decline not crash, even though I think it will crash I don’t hope for it. . Lol at wishing individual investors, who mostly took to it during the pandemic when their options to make money where crippled, to go belly up. Link to comment Share on other sites More sharing options...
Hoth Posted May 5, 2021 Share Posted May 5, 2021 Just now, RUNNAWAYICEBERG said: Lol at wishing individual investors speculators, who mostly took to it during the pandemic when their options to make money where crippled, to go belly up. Fixed it for you. 1 Link to comment Share on other sites More sharing options...
RUNNAWAYICEBERG Posted May 5, 2021 Share Posted May 5, 2021 Just now, Hoth said: Fixed it for you. Meh. I guess I am one of them, so be it. Link to comment Share on other sites More sharing options...
PowderBeard Posted May 5, 2021 Share Posted May 5, 2021 1 hour ago, RUNNAWAYICEBERG said: Impossible. Like mathematically, it just doesn’t make sense. If they think $10 is within reach, the math says for that to happen the market value would be higher than China’s DGP...which is insane. Well, there could be a day or two this year Gamestop is the most valuable company on the planet and Ryan Cohen is the first trillionaire so...lol 1 Link to comment Share on other sites More sharing options...
DavisStraight Posted May 5, 2021 Share Posted May 5, 2021 4 minutes ago, Hoth said: It is crazy. And the Fed/Treasury know this, but have clearly backed themselves into a corner. Note how quickly Yellen reversed her comments about raising rates to combat inflation when the market dropped a measly 2% yesterday. The stock/credit/real estate markets have become so bubbly, and so much individual savings/wealth has been thrown into them and other nonsense like shitcoins, that they are now a significant risk to the economy if they falter. The Fed has no choice but to promise zero rates and more emergency QE even though the economy is growing at an almost unheard of rate and showing signs of overheating. People are offering 50k-100k over asking prices to bet a house in my area, it's probably worse in and near Boston. That can't last Link to comment Share on other sites More sharing options...
Bostonseminole Posted May 5, 2021 Share Posted May 5, 2021 Just now, DavisStraight said: People are offering 50k-100k over asking prices to bet a house in my area, it's probably worse in and near Boston. That can't last I'm getting allot more price drop alerts on my zillow, so I think it's coming..as some said, once post covid and more houses go up for sale, prices will drop. Link to comment Share on other sites More sharing options...
SnoSki14 Posted May 5, 2021 Share Posted May 5, 2021 1 hour ago, RUNNAWAYICEBERG said: Impossible. Like mathematically, it just doesn’t make sense. If they think $10 is within reach, the math says for that to happen the market value would be higher than China’s DGP...which is insane. $1 is as far as it gets in my opinion before the big guys dump. It's scary that people are dumping their life savings into Doge when a few wallets could dump nearly half the coins if they wanted to causing a massive price plunge. My prediction is there will be a run-up to Musk's SNL appearance and then things will crash hard as it approaches a dollar. 1 Link to comment Share on other sites More sharing options...
Hoth Posted May 5, 2021 Share Posted May 5, 2021 11 minutes ago, DavisStraight said: People are offering 50k-100k over asking prices to bet a house in my area, it's probably worse in and near Boston. That can't last Lots of people may sadly end up leveraged and underwater at some point in the coming years. ...Or maybe we go full Wiemar and their two bedroom makes them paper trillionaires... 1 Link to comment Share on other sites More sharing options...
Hoth Posted May 5, 2021 Share Posted May 5, 2021 15 minutes ago, DavisStraight said: People are offering 50k-100k over asking prices to bet a house in my area, it's probably worse in and near Boston. That can't last Every house in my neighborhood that goes on the market gets snapped up quickly, renovated and flipped. It's like we're back in the 2005-6 days when this is considered a sure fire way to get rich. Link to comment Share on other sites More sharing options...
Whineminster Posted May 5, 2021 Share Posted May 5, 2021 We need a reset, a good crash to come back to normality. And I just sold my DOGE. Bought $20 last week, so made $23....hey I'll take it. Link to comment Share on other sites More sharing options...
CoastalWx Posted May 5, 2021 Share Posted May 5, 2021 23 minutes ago, SnoSki14 said: $1 is as far as it gets in my opinion before the big guys dump. It's scary that people are dumping their life savings into Doge when a few wallets could dump nearly half the coins if they wanted to causing a massive price plunge. My prediction is there will be a run-up to Musk's SNL appearance and then things will crash hard as it approaches a dollar. Yeah, if this craze continues after it drops maybe I'll educate myself more and throw play money at it. Nobody needs to get butthurt from what I said...it's more of a comment about how insane this is. It seems like it's at a high point and not worth getting into it, but on the other hand...the overall trend line likely is for it to keep going up? Link to comment Share on other sites More sharing options...
powderfreak Posted May 5, 2021 Share Posted May 5, 2021 2 hours ago, Hoth said: Pretty much. I wonder how many little guys get overexcited and dump their savings into one of these coins, only to get wrecked. I'd bet it's a surprising number. It's the American public, nothing surprises me anymore, . I got in at 0.22 and got out at 0.6 yesterday in Doge. Its hard to watch it go up another 10% today but I had 0.5 as my "out" and then when it blew past that I mentally said 0.6... and feel pretty good that I stuck to that one finally. Made several thousand in free money to get some home improvement plans rolling this summer. It's definitely straight up gambling and definitely feels weird, I'll be honest. Certainly not "earned" money. Feels a little dirty for some reason, ha. 3 Link to comment Share on other sites More sharing options...
SnoSki14 Posted May 5, 2021 Share Posted May 5, 2021 7 minutes ago, CoastalWx said: Yeah, if this craze continues after it drops maybe I'll educate myself more and throw play money at it. Nobody needs to get butthurt from what I said...it's more of a comment about how insane this is. It seems like it's at a high point and not worth getting into it, but on the other hand...the overall trend line likely is for it to keep going up? I mean sure as long as the hype continues it could go up. Doge is being listed on other places too which helps. I'm still learning about the crypto space but I do know Doge was created as a joke to make light of cryptocurrency. It was intended to make people feel at ease about the space. The creator of Doge is prob crapping himself seeing what's been happening. But I guess the jokes on everyone. If a meme coin could do this then everything we've ever known about money & economics is nonsense. Link to comment Share on other sites More sharing options...
powderfreak Posted May 5, 2021 Share Posted May 5, 2021 41 minutes ago, SnoSki14 said: $1 is as far as it gets in my opinion before the big guys dump. It's scary that people are dumping their life savings into Doge when a few wallets could dump nearly half the coins if they wanted to causing a massive price plunge. My prediction is there will be a run-up to Musk's SNL appearance and then things will crash hard as it approaches a dollar. I think that's what most feel like. I know several who say they'll get out on Friday before SNL. I think each time it goes up another ten cents it levels off pretty fast. Yesterday it did it right around 0.6.... today it shot up to near 0.7 and has sense leveled off back down a bit. Human nature is to like round numbers to get out at... it's an interesting pattern to me. It gets right up to a new multiple of ten and then people dump some, it levels off back down about 5 cents for a while under the peak. Link to comment Share on other sites More sharing options...
RUNNAWAYICEBERG Posted May 5, 2021 Share Posted May 5, 2021 8 minutes ago, powderfreak said: It's the American public, nothing surprises me anymore, . I got in at 0.22 and got out at 0.6 yesterday in Doge. Its hard to watch it go up another 10% today but I had 0.5 as my "out" and then when it blew past that I mentally said 0.6... and feel pretty good that I stuck to that one finally. Made several thousand in free money to get some home improvement plans rolling this summer. It's definitely straight up gambling and definitely feels weird, I'll be honest. Certainly not "earned" money. Feels a little dirty for some reason, ha. That’s wall street for you and they don’t feel dirty about it so neither should you. Congrats. 2 1 Link to comment Share on other sites More sharing options...
powderfreak Posted May 5, 2021 Share Posted May 5, 2021 52 minutes ago, DavisStraight said: People are offering 50k-100k over asking prices to bet a house in my area, it's probably worse in and near Boston. That can't last It's been insane up here too. Everything is going over asking price and most are selling in cash. Not a single home or condo under half a million on the market right now in Stowe. Honestly an article this week in the local paper reads very familiar to what Phin did... just buying stuff sight unseen and in big transactions to escape the city life. Not going to lie, I'm not excited for a tax assessment in Stowe. They are already talking about it and I know even where I am, our townhome is assessed almost $100K lower than what adjacent units have sold for. Quote “I’ve never experienced anything like this in my life in terms of individuals buying homes sight unseen,” said Leslie Anderson, a paralegal with Stevens Law Office in Stowe. “There’s hardly anything on the market right now. And I would say predominantly, the majority of the transactions we handled were cash deals and none were under $500,000.” The Stowe housing market is experiencing unprecedented pressure, mostly from a massive influx of wealthy out-of-state home-buyers. Available homes are few and far between — with nothing on the market for less than half a million. A recent review from the Vermont Center for Geographic Information using data from the department of taxes illuminates this jump with eye-popping numbers. The review found a 38 percent rise in the state when it came to residential property sales involving out-of-state buyers in 2020, a jump to 3,795 sales from 2,750 sales in 2019. Stowe took the top spot, recording $132.1 million in this kind of transaction, a 21 percent increase from 2018 ($104.2 million) and a 49 percent increase from 2019 ($66.8 million). “There is a big jump in the prices that people are paying for properties versus our assessments,” Stowe assessor Tim Morrissey said. “What’s driving the prices is the lack of inventory of houses and condominiums for sale on the market right now.” Morrissey predicts that the state will require a reappraisal of homes in Stowe in 2022 or 2023 as the market price of homes rise past their currently assessed value. Link to comment Share on other sites More sharing options...
RUNNAWAYICEBERG Posted May 5, 2021 Share Posted May 5, 2021 22 minutes ago, CoastalWx said: Yeah, if this craze continues after it drops maybe I'll educate myself more and throw play money at it. Nobody needs to get butthurt from what I said...it's more of a comment about how insane this is. It seems like it's at a high point and not worth getting into it, but on the other hand...the overall trend line likely is for it to keep going up? Get into other cryptos have that more long term stability. Cardano or Stella are cheap. There are others. Buy like 50 coins and then look 10years from now to see if your kids colleges are paid off from a $100-$200 gamble at the crypto casino. Also coinbase gives you free coins when you watch their videos. You’ll learn a little and realize some of this has actual staying power. https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/10-best-cryptocurrencies-invest-2021-143026001.html 2 Link to comment Share on other sites More sharing options...
Hoth Posted May 5, 2021 Share Posted May 5, 2021 15 minutes ago, SnoSki14 said: I mean sure as long as the hype continues it could go up. Doge is being listed on other places too which helps. I'm still learning about the crypto space but I do know Doge was created as a joke to make light of cryptocurrency. It was intended to make people feel at ease about the space. The creator of Doge is prob crapping himself seeing what's been happening. But I guess the jokes on everyone. If a meme coin could do this then everything we've ever known about money & economics is nonsense. Interest rates pegged close to zero for over a decade breaks a lot of things. 1 Link to comment Share on other sites More sharing options...
powderfreak Posted May 5, 2021 Share Posted May 5, 2021 6 minutes ago, RUNNAWAYICEBERG said: That’s wall street for you and they don’t feel dirty about it so neither should you. Congrats. Yeah I just wander around mountains all day. This is new to me. I just picture investing like Wolf of Wall Street... total mayhem, drugs and cash. Link to comment Share on other sites More sharing options...
TalcottWx Posted May 5, 2021 Share Posted May 5, 2021 Think I'm going to ride out the week in tesla and yum brands. TSLA will be interesting with Elon on SNL. Yum brands is crushing it during this reopening. Just announced they need another 20, 000 workers. Room to run in that one I think. Looked at my trade history and I did 10% in April. Not bad Link to comment Share on other sites More sharing options...
Typhoon Tip Posted May 5, 2021 Share Posted May 5, 2021 Do you guys belong to any Econ -based social media platforms ? heh Link to comment Share on other sites More sharing options...
TalcottWx Posted May 5, 2021 Share Posted May 5, 2021 2 minutes ago, Typhoon Tip said: Do you guys belong to any Econ -based social media platforms ? heh Stocktwits and reddit... I don't read wall street bets 1 Link to comment Share on other sites More sharing options...
Ginx snewx Posted May 5, 2021 Share Posted May 5, 2021 @weathafella Remember our conversation this past summer about undiagnosed cancer and the implications of Covid shutdowns? https://apple.news/AZCAqmXqVQ5OZZXg-IAA9sQ Link to comment Share on other sites More sharing options...
TalcottWx Posted May 5, 2021 Share Posted May 5, 2021 7 minutes ago, DotRat_Wx said: Think I'm going to ride out the week in tesla and yum brands. TSLA will be interesting with Elon on SNL. Yum brands is crushing it during this reopening. Just announced they need another 20, 000 workers. Room to run in that one I think. Looked at my trade history and I did 10% in April. Not bad I need to start diversifying more instead of just picking a few stocks. I have been in a weird place financially. 401k grew by 50% last year, but I have no contributions lately. My Schwab is different. Its basically to play with. Link to comment Share on other sites More sharing options...
TalcottWx Posted May 5, 2021 Share Posted May 5, 2021 Ebay looking bullish I think Link to comment Share on other sites More sharing options...
HIPPYVALLEY Posted May 5, 2021 Share Posted May 5, 2021 2 minutes ago, Ginx snewx said: @weathafella Remember our conversation this past summer about undiagnosed cancer and the implications of Covid shutdowns? https://apple.news/AZCAqmXqVQ5OZZXg-IAA9sQ No doubt, I seriously thought I was gonna die from an abscess tooth because it was impossible to find a dentist for a few weeks in March 2020. Link to comment Share on other sites More sharing options...
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