The coin is RIIPING this AM. How you fiat pussies continually allow yourselves to get rope a doped by the coin amazes me.
I did sell of half of mine when FBTC was at $75 and will probably be moving the rest into real investments soon.
Do the finance bros like MP Materials or just a Trump boondoggle with no staying power?
The coin is RIIPING this AM. How you fiat pussies continually allow yourselves to get rope a doped by the coin amazes me.
I did sell of half of mine when FBTC was at $75 and will probably be moving the rest into real investments soon.
Do the finance bros like MP Materials or just a Trump boondoggle with no staying power?
I love these posts - let's pump it up after it's down 20%+ in barely over a month and 40% in the last six months!
A rare earth prospector sounds appealing in theory, but paying 41x Revenue is too rich for me.
DCA and close my eyes I guess.
https://twitter.com/chooserich/status/2019802775928848896?s=46
I'm still holding my paltry bit b/c, well, why sell when it was worth so little. I'll wait another week before I buy anything though. This could just be folks buying what they thought was the bottom.
So true. You can go to one financial website and the anallyst will rate stock XYZ as a "strong buy" and then go to another finanial site and they will have the same stock rated as a "sell" so like you said, I might as well flip a coin.And historical data shows that Wall St analysts have about the same accuracy as flipping a coin
There are 10 types of people in this world, those who know binary and those who don't.
Do you buy actual bitcoins or do you buy an ETF (like IBIT) that tracks the price of bitcoins?@snarlcakes I mean. Looking at these dumbass cycles I'll probably wait for 40k. See if there is any plateau, and then buy a bit. need to recoup my minimal losses.
Did they shake you out? Don't let them treat you like a tourist.
I'll just add the last time people were waiting for 10k and passed on buying at 16k. Said another way they gave up 115k upside for 6k (seems silly to me). The 200 week moving average is 58-59k so it's not surprising it's sitting right above it. Whether you buy at 60k, 50k, or 40k they're all good entry points if you think the asset is better than gold. If you're unsure of the asset then no price will feel good to buy it at when it's dropping. It moves quickly and makes you uncomfortable when it's falling, but that's the only way you can get outsized returns. If it wasn't volatile all the risk would already be priced in.
There are 10 types of people in this world, those who know binary and those who don't.
Do you buy actual bitcoins or do you buy an ETF (like IBIT) that tracks the price of bitcoins?@snarlcakes I mean. Looking at these dumbass cycles I'll probably wait for 40k. See if there is any plateau, and then buy a bit. need to recoup my minimal losses.
Did they shake you out? Don't let them treat you like a tourist.
I'll just add the last time people were waiting for 10k and passed on buying at 16k. Said another way they gave up 115k upside for 6k (seems silly to me). The 200 week moving average is 58-59k so it's not surprising it's sitting right above it. Whether you buy at 60k, 50k, or 40k they're all good entry points if you think the asset is better than gold. If you're unsure of the asset then no price will feel good to buy it at when it's dropping. It moves quickly and makes you uncomfortable when it's falling, but that's the only way you can get outsized returns. If it wasn't volatile all the risk would already be priced in.
I do both.
DCA and close my eyes I guess.
You could always invest your money in real companies that make things and make money .... just saying. Human history shows it'll usually works out better.
But these is always for next sucker. Just don't get the last one holding the bag
Just don't be the last one holding the bag
A good friend will bail you out of jail, but your best friend will be sitting next to you in the cell saying "that was f***ing awesome"
DCA and close my eyes I guess.
You could always invest your money in real companies that make things and make money .... just saying. Human history shows it'll usually works out better.
But these is always for next sucker. Just don't get the last one holding the bag
again, .14% of total portfolio (welll, now .08%). In the end too volatile for me. Once my .14% is restored I will reevaluate.
I wish I had more time to examine the supply chains and suppliers in the energy and semi-conductor/chip spaces. But I don’t
I know a lot about auto finance (particularly subprime) and end of loan backend servicing/recovery. Shorting subprime auto isn’t like 2006/7/8. Insurance companies are making money while losing customers. Big banks aren’t in any real trouble.
I’m interested in who the winner is in the loan servicing space. It will become highly automated from origination to collections and all the way though life of loan. I think a lot of banks and auto financers will either offload this entirely to a third party or radically adopt AI and automation. Tesla Financing, for good or ill, has nearly automated its entire loan life cycle. FTE savings of 50% in their origination and servicing ops. A couple of companies are getting traction in doing this development. But even those might be a flash in the pan if AI platforms get easy enough to use by companies on their own (without expert developers and consulatarion) so even that’s risky.
Making bets today is making a bet on who wins the age of AI besides the tech companies. And hell most of those won’t survive.
DCA and close my eyes I guess.
You could always invest your money in real companies that make things and make money .... just saying. Human history shows it'll usually works out better.
But these is always for next sucker. Just don't get the last one holding the bag
I assume at least 99% of Lars investments are in companies and bonds. If you started DCA at 2021 Bitcoin highs you still out performed the S&P 500. None of us know the future, but we do know 99% of all fiat currencies have failed and the dollar has lost 99% of its purchasing power. It's how they're designed. Hedging against it, especially in a time of a bunch of debt and declining demographics is a prudent decision IMO.
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