Crypto----thoughts going forward

Started by JParis, April 12, 2021, 06:45 AM

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Dan_AKA_ROY23

#30
April 21, 2021, 01:08 PM Last Edit: December 31, 1969, 04:00 PM by Guest
Quote from: Ron post_id=9899 time=1619035460 user_id=94I discovered DOGE back in November of last year. The price was around .0027somthing. Bought 1500 bucks worth. 537,000-ish coins. Sold it after a week or so when it wasn't moving very much.  20 to 50 dollar swings each day. Made a couple hundred bucks and moved on...

That was a day that I regret!!!


Ouch. I can relate. Sold stocks that a few years later were over 1,000%. Happens to the best of them..

gcode

#31
April 21, 2021, 02:36 PM Last Edit: December 31, 1969, 04:00 PM by Guest
back in the early .com days I bought 1000 shares of Apple at $7/share
I sold it at $11 a few month later and patted myself on the back for being a genius trader
Today that stock is worth somewhere north of 3/4 of a million dollars ... some genius  :whistle:

TylerBeer

#32
April 21, 2021, 04:21 PM Last Edit: December 31, 1969, 04:00 PM by Guest
Hey, you made money that day. Better than losing

Dan_AKA_ROY23

#33
April 22, 2021, 06:06 AM Last Edit: December 31, 1969, 04:00 PM by Guest
Quote from: TylerBeer post_id=9911 time=1619047288 user_id=116Hey, you made money that day. Better than losing


+1

We can't delve in the past on the would of could of's.

(Congrats of that $4,000 profit, gcode)  :huh:  :p

Here's Johnny!

#34
April 22, 2021, 06:53 AM Last Edit: December 31, 1969, 04:00 PM by Guest
In October 2010 Bitcoin $0.10 each....should have, could have...didn't! 😬

gcode

#35
April 22, 2021, 06:59 AM Last Edit: December 31, 1969, 04:00 PM by Guest
I remember hearing about Amazon in the early internet days back when it was just starting up
and only sold books. I looked it up and it was at $28/share.. I didn't buy any

Here's Johnny!

#36
April 22, 2021, 07:56 AM Last Edit: December 31, 1969, 04:00 PM by Guest
Quote from: gcode post_id=9936 time=1619099942 user_id=60I remember hearing about Amazon in the early internet days back when it was just starting up
and only sold books. I looked it up and it was at $28/share.. I didn't buy any


I think it started around $1.72/ share....I missed that as well!😬

Jim at Gentex

#37
April 22, 2021, 12:06 PM Last Edit: December 31, 1969, 04:00 PM by Guest
Quote from: Ron post_id=9899 time=1619035460 user_id=94I discovered DOGE back in November of last year. The price was around .0027somthing. Bought 1500 bucks worth. 537,000-ish coins. Sold it after a week or so when it wasn't moving very much.  20 to 50 dollar swings each day. Made a couple hundred bucks and moved on...

That was a day that I regret!!!


Yeah crypto works better as a long-term thing, but there's no doubt you can make money if a coin takes off.
Many people I know have spread their investments over many of the lesser coins, hoping one of them will take off like Bitcoin did.
I doubt that will ever happen, but it would be nice to see dollars returned for pennies invested on a few kinds of crypto coins.

You gotta "hodl" them!   :w00t:
"Never argue with idiots.
They will drag you down to their level and beat you with experience." - Mark Twain

"Just because I don't care doesn't mean I don't understand." - Homer Simpson

mattq

#38
April 22, 2021, 12:12 PM Last Edit: December 31, 1969, 04:00 PM by Guest
I'm in $ETH also

Here's Johnny!

#39
April 23, 2021, 06:18 AM Last Edit: December 31, 1969, 04:00 PM by Guest
Bitcoin on the slide and likely heading down further....Elon needs to Tweet again! LOL

Dan_AKA_ROY23

#40
April 23, 2021, 06:25 AM Last Edit: December 31, 1969, 04:00 PM by Guest
Quote from: JFord post_id=9986 time=1619183939 user_id=140Bitcoin on the slide and likely heading down further....Elon needs to Tweet again! LOL


Biden capital gains tax increase for wealthy the catalyst. At such lofty prices, it was inevitable. Question now is will the cryptos rally once again?

JParis

#41
April 23, 2021, 06:28 AM Last Edit: December 31, 1969, 04:00 PM by Guest
Quote from: Dan_AKA_ROY23 post_id=9987 time=1619184357 user_id=82
Quote from: JFord post_id=9986 time=1619183939 user_id=140Bitcoin on the slide and likely heading down further....Elon needs to Tweet again! LOL


Biden capital gains tax increase for wealthy the catalyst. At such lofty prices, it was inevitable. Question now is will the cryptos rally once again?


The question isn't if, the question is when...

Dan_AKA_ROY23

#42
April 23, 2021, 06:52 AM Last Edit: December 31, 1969, 04:00 PM by Guest
Quote from: JParis post_id=9989 time=1619184498 user_id=139
Quote from: Dan_AKA_ROY23 post_id=9987 time=1619184357 user_id=82
Quote from: JFord post_id=9986 time=1619183939 user_id=140Bitcoin on the slide and likely heading down further....Elon needs to Tweet again! LOL


Biden capital gains tax increase for wealthy the catalyst. At such lofty prices, it was inevitable. Question now is will the cryptos rally once again?


The question isn't if, the question is when...


Then wait and see a bit, John, and buy a little more.

I'm not a huge fan of dollar cost averaging. Not a great strategy buying more shares of a losing stock. However, this isn't about stocks. A completely different and emerging asset class.

Dan_AKA_ROY23

#43
April 23, 2021, 07:03 AM Last Edit: December 31, 1969, 04:00 PM by Guest
I'm not a huge fan of dollar cost averaging. Not a great strategy buying more shares of a losing stock.

Well,... if a good company's stock - trending higher on a longer-term chart - takes a hit lower (they all do at some point)...then dollar cost averaging may prove a good move.

My worry is, if you scan stocks there are many examples of a stock going from say $90 a share all the way down to $20 a share. If an investor is DCA'ing on the way down and buying more at $80, then say $65, then $50, etc. he/she is gonna take a substantial loss. It might takes years to get back to $90. It might never get back to that price.

Here's Johnny!

#44
April 23, 2021, 07:08 AM Last Edit: December 31, 1969, 04:00 PM by Guest
On Bitcoin.

https://www.msn.com/en-ca/money/markets/bitcoins-free-fall-below-dollar50000-has-it-testing-a-new-technical-threshold-that-could-signal-even-more-weakness-ahead/ar-BB1fYv7a?li=AAggFp5">https://www.msn.com/en-ca/money/markets ... li=AAggFp5">https://www.msn.com/en-ca/money/markets/bitcoins-free-fall-below-dollar50000-has-it-testing-a-new-technical-threshold-that-could-signal-even-more-weakness-ahead/ar-BB1fYv7a?li=AAggFp5
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