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Are we all going to fee like idiots for not going all in when it hits 100k in 12-18 months?
Im almost certain some South American country is literally doing this as the foundation of their entire economyOk, after I posted this, there was an ad on the screen, that I am looking at now as I type that literally says
"What if bitcoin was powered by harnessing the energy OF VOLCANOES."
That's it. This is prophetic. I'm pulling the rest of my money out of the market and buying some puts.
Ok, after I posted this, there was an ad on the screen, that I am looking at now as I type that literally says
"What if bitcoin was powered by harnessing the energy OF VOLCANOES."
That's it. This is prophetic. I'm pulling the rest of my money out of the market and buying some puts.
See I saw Matt Damon on the TV shilling for crypto and that solidified for me that it was a bad investment.
Just look at who thinks they're getting rich off bitcoin and ask yourself when "common folk" ever were in a position to access a financial material that would change their fortune in the history of the universe and succeeded. That is enough for me to stay away.
Ever since Motley Fool's ridiculous "Foolish Four" went down in flames, something like 20 years ago, I thought everyone regarded their stock analysis as ... well, about what you'd expect from a medieval court jester. Maybe a couple notches below that hack Cramer.Bitcoin looking better then most of my Motley Fool stocks at this point in time. Don’t get me wrong, pretty much everything I have money in has been beaten up badly. I might just start putting money under my mattress at this point.
Arguably you should short these stocks…I imagine that’s what these people are doingEver since Motley Fool's ridiculous "Foolish Four" went down in flames, something like 20 years ago, I thought everyone regarded their stock analysis as ... well, about what you'd expect from a medieval court jester. Maybe a couple notches below that hack Cramer.
Nobody, nobody should've been losing money in the last decade. That these "experts" have been so good at losing money for people in this historic bull market really speaks to the truth that they don't know anything at all.
Interesting article in MF about this alternative to crypto. If there was a LANDcoin backed by productive farmland, wouldn't that actually be everything crypto wants to be. Thoughts??Bitcoin looking better then most of my Motley Fool stocks at this point in time. Don’t get me wrong, pretty much everything I have money in has been beaten up badly. I might just start putting money under my mattress at this point.
I actually own a fair amount of that stock. One of the few of mine that hasn’t been sinking the last few weeks.Interesting article in MF about this alternative to crypto. If there was a LANDcoin backed by productive farmland, wouldn't that actually be everything crypto wants to be. Thoughts??
Forget Bitcoin: I'm Buying This Under-the-Radar REIT | The Motley Fool
This real estate investment trust offers similar benefits to investing in Bitcoin, with less volatility.www.fool.com
Fascinating. I am very interested but the chart shows it's near all time highs. Not sure if waiting for a pullback would equate to trying to time the market. Ahhh, the psychology of investing.I actually own a fair amount of that stock. One of the few of mine that hasn’t been sinking the last few weeks.
It’s been steady for me which for now is all I can really ask for right now. I started investing a good amount of money around August of last year and went into tech, high growth stocks at their peaks. I also have a few ETF’s and micro caps.Fascinating. I am very interested but the chart shows it's near all time highs. Not sure if waiting for a pullback would equate to trying to time the market. Ahhh, the psychology of investing.
It’s been steady for me which for now is all I can really ask for right now. I started investing a good amount of money around August of last year and went into tech, high growth stocks at their peaks. I also have a few ETF’s and micro caps.
Fortunately, most of money is in my 401k, and Roth IRA accounts managed by a financial advisor I’ve had since I was a resident. I’m am glad I didn’t start managing those accounts like I was planning to do, even though I still feel like they are also ripping me off. Still new to the game but this hasn’t been a fun experience for me.
2% is criminal. What type of promises are they making to try and get people to sign up for that s**t? They should be required to show a schedule of how much money 2% of a certain investment over 10, 20, 30 years ends up being, similar to a finance charge they show when you get a loan.What can they do that you can't do yourself? As a medical student I talked to some douchebag at northwestern mutual who wanted to take 2%. You a hedge fund bro? "My kids need to eat too". Yeah no, get a real job and I'll keep buying vtsax with a 0.15% fee and let my kids eat instead.
Invest regularly, when the market goes down invest more.Definitely agree. At the time, I just didn’t have the time to look into more and this year I decided I would learn about investing and becoming financially independent. I decided I would take my extra money that wasn’t being used and invest it with a little help from the motley fool. Now maybe it’s the timing of my investment which I know hasn’t been 6 months, but I’m already down 20% from where I started. Looking at the stocks though, I do see almost every sector except energy and finance has gone down a lot so maybe it’s just the start of a repositioning or a true bear market.
I guess my thing now is what should I expect going forward? Right now I’m just saving, still investing but definitely not at the pace I was at before. Hopefully, I will be able to control all my other assets but having those accounts controlled by my financial advisor actually saved me from myself. I was never taught anything about finances.
Definitely agree. At the time, I just didn’t have the time to look into more and this year I decided I would learn about investing and becoming financially independent. I decided I would take my extra money that wasn’t being used and invest it with a little help from the motley fool. Now maybe it’s the timing of my investment which I know hasn’t been 6 months, but I’m already down 20% from where I started. Looking at the stocks though, I do see almost every sector except energy and finance has gone down a lot so maybe it’s just the start of a repositioning or a true bear market.
I guess my thing now is what should I expect going forward? Right now I’m just saving, still investing but definitely not at the pace I was at before. Hopefully, I will be able to control all my other assets but having those accounts controlled by my financial advisor actually saved me from myself. I was never taught anything about finances.
Definitely agree. At the time, I just didn’t have the time to look into more and this year I decided I would learn about investing and becoming financially independent. I decided I would take my extra money that wasn’t being used and invest it with a little help from the motley fool. Now maybe it’s the timing of my investment which I know hasn’t been 6 months, but I’m already down 20% from where I started. Looking at the stocks though, I do see almost every sector except energy and finance has gone down a lot so maybe it’s just the start of a repositioning or a true bear market.
I guess my thing now is what should I expect going forward? Right now I’m just saving, still investing but definitely not at the pace I was at before. Hopefully, I will be able to control all my other assets but having those accounts controlled by my financial advisor actually saved me from myself. I was never taught anything about finances.
Ok, yes.. I will be the first to admit I’m wrong. I will say things wrong because again I’m new to investing. I said either the beginning of a re-positioning or a bear market or whatever this is called… either way I’ve lost a good amount in a short time. What’s a good word for a personal bear market????
bear market?
it's been up 10% in the last 6 months
Invest regularly, when the market goes down invest more.
Crypto is a real head scratcher. Of all the Ponzi's this one has a complete zero intrinsic value. I mean, even the Tulip bulb, the granddaddy Ponzi of them all, at least you could plant the dam* thing. There's absolutely nothing you can do with a crypto once the suckers disappear.
No.Are we all going to fee like idiots for not going all in when it hits 100k in 12-18 months?
Fundamental value is zero??No.
Not because it can't hit 100,000. It might.
But because its fundamental value is zero and has a date with destiny to reach that point.
Fundamental value is zero??
Why don’t we abandon all currency then?
Crypto has been around for over 10 years. How long before we accept it as legit?
Fundamental value is zero??
Why don’t we abandon all currency then?
Crypto has been around for over 10 years. How long before we accept it as legit?
Fundamental value is zero??
Why don’t we abandon all currency then?
Crypto has been around for over 10 years. How long before we accept it as legit?
Because the government says our currency is legal tender and that's good enough value for me. When Bitcoin disappears it will make for nice stories and no one will care. When currency of the US government is worth zero we are in some seriously big trouble.Fundamental value is zero??
Why don’t we abandon all currency then?
I feel like this only confirms the theory that a universal digital currency makes sense ….Yeah that's why I used it to buy a sandwich last week
oh wait no i didn't, I used my credit card
I geuss we will see what happens with VenezuelaBecause the government says our currency is legal tender and that's good enough value for me. When Bitcoin disappears it will make for nice stories and no one will care. When currency of the US government is worth zero we are in some seriously big trouble.
Exactly. And we are heading in that direction.I geuss we will see what happens with Venezuela
i think that a digital currency makes sense, i don't know if a universal one would work.I feel like this only confirms the theory that a universal digital currency makes sense ….
Exactly. And we are heading in that direction.
Crypto has been around for over 10 years. How long before we accept it as legit?
You clearly don't understand how it works, and you confidently state that your false impression is the reason it will fail. Unless by achilles' "heal" you meant it was fine.The part that really makes me think this will never happen is the intrinsic complexity of transacting it. The blockchain records every exchange in its history and that record is used in every new exchange. How long until quadrillions of exchanges eventually result in a ledger that has grown exponentially enough to the point that the energy and computing resources needed to buy a gallon of gas with bitcoin make it impossible to use. Furthermore, how do you audit something with more information contained in it than stars in the sky?
Fundamentally, this seems like Achilles' heal. I have yet to hear a good explanation of how this isn't really a problem.
As well as the creation of a new crypto practically every week that immediately shoots up in price. That defies having real value and smells of momentum plays.The part that really makes me think this will never happen is the intrinsic complexity of transacting it. The blockchain records every exchange in its history and that record is used in every new exchange. How long until quadrillions of exchanges eventually result in a ledger that has grown exponentially enough to the point that the energy and computing resources needed to buy a gallon of gas with bitcoin make it impossible to use. Furthermore, how do you audit something with more information contained in it than stars in the sky?
Fundamentally, this seems like Achilles' heal. I have yet to hear a good explanation of how this isn't really a problem.
Yeah, this time it will be different....You clearly don't understand how it works, and you confidently state that your false impression is the reason it will fail. Unless by achilles' "heal" you meant it was fine.