jetstream23 Posted May 21, 2021 Share Posted May 21, 2021 15 minutes ago, jetsrule1969 said: If you take any financial advice on a sports site like this one people will eventually realize that you have officially become insane and that you should be locked up for your own safety and the safety of your loved ones. THIS is the only place to go for financial, legal, and medical advice. Everyone knows that. 1 Quote Link to comment Share on other sites More sharing options...
Barry McCockinner Posted May 21, 2021 Share Posted May 21, 2021 ^ a long discussion but a good one to listen to. Quote Link to comment Share on other sites More sharing options...
jetsrule1969 Posted May 21, 2021 Share Posted May 21, 2021 1 hour ago, Barry McCockinner said: ^ a long discussion but a good one to listen to. Bitcoin is ‘a con,’ declares media luminary Barry Diller https://www.marketwatch.com/story/bitcoin-is-a-con-declarers-media-luminary-barry-diller-11621620537?mod=mw_latestnews Quote Link to comment Share on other sites More sharing options...
thshadow Posted May 21, 2021 Share Posted May 21, 2021 On 5/19/2021 at 9:15 AM, Barry McCockinner said: I wish I had bullets to fire. All fiat tied up in new home build and two mortgages ATM. That was a golden opportunity. You have 2 mortgages and are investing in crypto? I hope you're safe, in case anything goes south... Quote Link to comment Share on other sites More sharing options...
Barry McCockinner Posted May 21, 2021 Share Posted May 21, 2021 1 minute ago, thshadow said: You have 2 mortgages and are investing in crypto? I hope you're safe, in case anything goes south... I wouldn't have 2 mortgages if it wasn't for crypto, so there's that. 2 1 Quote Link to comment Share on other sites More sharing options...
Barry McCockinner Posted May 21, 2021 Share Posted May 21, 2021 18 minutes ago, jetsrule1969 said: Bitcoin is ‘a con,’ declares media luminary Barry Diller https://www.marketwatch.com/story/bitcoin-is-a-con-declarers-media-luminary-barry-diller-11621620537?mod=mw_latestnews oh - this is the first I've ever heard anyone make this claim. Exciting! Many people don't understand why bitcoin is valuable. It's fine. I just hope you're not too late. Quote Link to comment Share on other sites More sharing options...
TokyoJetsFan Posted May 22, 2021 Share Posted May 22, 2021 On 5/16/2021 at 3:25 PM, jetstream23 said: I added a little around 45K today, but there could be some further downside. I know Musk is a prominent guy, but one company selling some Bitcoin under the premise that they just now agree with the environment/energy concerns of Bitcoin mining shouldn't cause a sudden 10% correction. BTC has felt for a while (since 60K) like it wants to take a rest. It might ricochet higher from this point but I think there's a chance it takes another trip down towards 40K again. If it does then I'll add some more. my man...you need to worry more about China cracking down on mining and trading than what Elon Musk is doing Quote Link to comment Share on other sites More sharing options...
jetsrule1969 Posted May 22, 2021 Share Posted May 22, 2021 7 hours ago, Barry McCockinner said: oh - this is the first I've ever heard anyone make this claim. Exciting! Many people don't understand why bitcoin is valuable. It's fine. I just hope you're not too late. Yea, this time is different. Ever hear about the Tulip mania! 1 1 Quote Link to comment Share on other sites More sharing options...
jetstream23 Posted May 22, 2021 Share Posted May 22, 2021 2 hours ago, TokyoJetsFan said: my man...you need to worry more about China cracking down on mining and trading than what Elon Musk is doing I'm not worried about Elon. I sold my $TSLA $100 ago. What's most interesting to me as a small-time owner of ~1 Bitcoin is watching how this all unfolds. The contrarian says that China cracking down on mining is because they see BTC as a threat to the CCB's own cryptocurrency. The contrarian in me says that when the US Federal Reserve comes out and says that they're concerned about BTC and that transactions greater than $10,000 need to be reported for tax purposes.... is an IMPLICIT acceptance of BTC. What the US Fed effectively did was legitimize BTC. They didn't say it needs to go away, they just said they want to regulate it, tax it, etc. That puts a little bit of a floor in it IMO. I only have money in crypto that I'm willing to let go to $0. But it's becoming legitimized enough for me to continue to think I need to own some of it. I'm picky though. BTC, Ethereum and a little Polkadot.... mostly on the basis of blockchain tech and structured decentralized "smart" contracts, not because I think any of this ever becomes a "currency." The money I care about is mostly tilted towards relation and at least a 12-month inflationary rebound in everything from materials like copper to banks levered to a growing spread in interest rate margins. But enough nerd talk, when are we going to see the Jets lose a game together again? Quote Link to comment Share on other sites More sharing options...
jetstream23 Posted May 22, 2021 Share Posted May 22, 2021 2 hours ago, TokyoJetsFan said: my man...you need to worry more about China cracking down on mining and trading than what Elon Musk is doing If I told you big countries were cracking down on mining gold out of the ground what do you think would happen to $GLD when that supply starts to become limited? 1 1 Quote Link to comment Share on other sites More sharing options...
jetstream23 Posted May 22, 2021 Share Posted May 22, 2021 10 hours ago, jetsrule1969 said: Yea, this time is different. Ever hear about the Tulip mania! I've read like 4 books on Tulip mania. Just wish I was in Holland to witness it when it actually happened. I honestly have no idea if BTC goes to zero and vanishes, or if it goes to $1,000 before going to $1,000,000 when the final bitcoin is mined in the year 2140. But whereas things like tulips can be grown indefinitely, things like Gold and Bitcoin have scarcity value. They're finite. So whether Bitcoin (gold), Ether (platinum), doge (bronze), etc. carve out their own niches is hard to say, but one thing I've learned the past couple decades is to no longer discount what seems illogical or impossible. Whether it's a global pandemic, flying a helicopter on Mars, the twin towers getting knocked down, or Bruce Jenner becoming a woman.... never say never, my friend. 1 Quote Link to comment Share on other sites More sharing options...
k-met57 Posted May 22, 2021 Share Posted May 22, 2021 i got some more POLK and UNI yesterday. i really think this is the low before a boom Quote Link to comment Share on other sites More sharing options...
Viermoo Posted May 22, 2021 Share Posted May 22, 2021 I think there may be one more dip into the high 20’s for BTC goes steadily back up. I have my limit orders set. Also, looking to get a hefty bag of ETH if it drops below $1800. I went all in back in November and haven’t regretted it. 1 Quote Link to comment Share on other sites More sharing options...
T0mShane Posted May 22, 2021 Share Posted May 22, 2021 Lots of dudes at my job jumped on a new crypto a few weeks back and “tripled” their money, but now that crypto has crashed super hard and they’re all panicking. I’d feel bad for them if they weren’t so smug about their initial gains lol Quote Link to comment Share on other sites More sharing options...
Biggs Posted May 22, 2021 Share Posted May 22, 2021 7 hours ago, jetstream23 said: I've read like 4 books on Tulip mania. Just wish I was in Holland to witness it when it actually happened. I honestly have no idea if BTC goes to zero and vanishes, or if it goes to $1,000 before going to $1,000,000 when the final bitcoin is mined in the year 2140. But whereas things like tulips can be grown indefinitely, things like Gold and Bitcoin have scarcity value. They're finite. So whether Bitcoin (gold), Ether (platinum), doge (bronze), etc. carve out their own niches is hard to say, but one thing I've learned the past couple decades is to no longer discount what seems illogical or impossible. Whether it's a global pandemic, flying a helicopter on Mars, the twin towers getting knocked down, or the Bruce Jenner becoming a woman.... never say never, my friend. In 2140 quantum computers will change encryption forever. People will go off the grid and canned tuna fish will be the excepted fiat currency. Quote Link to comment Share on other sites More sharing options...
greenwichjetfan Posted June 2, 2021 Share Posted June 2, 2021 On 5/10/2021 at 6:03 PM, HessStation said: worst case w no squeeze it’s still a $15-$20 stock end of summer or post covid did you end up selling last week? Quote Link to comment Share on other sites More sharing options...
HessStation Posted June 2, 2021 Share Posted June 2, 2021 7 minutes ago, greenwichjetfan said: did you end up selling last week? Did it hit 4-5 digits? 1 Quote Link to comment Share on other sites More sharing options...
greenwichjetfan Posted June 2, 2021 Share Posted June 2, 2021 7 minutes ago, HessStation said: Did it hit 4-5 digits? Why are you answering a question with a question? You said you saw it worst case as a $15-$20 stock, so I'm curious as to whether you sold out. Did you say anything about it hitting 4-5 digits in that post? I didn't see it. Quote Link to comment Share on other sites More sharing options...
DetroitRed Posted June 2, 2021 Share Posted June 2, 2021 On 5/22/2021 at 9:03 AM, T0mShane said: Lots of dudes at my job jumped on a new crypto a few weeks back and “tripled” their money, but now that crypto has crashed super hard and they’re all panicking. I’d feel bad for them if they weren’t so smug about their initial gains lol If you are a recent buyer, then it’s a crash. If you’ve held Bitcoin for more than a year, you are way up 1 1 Quote Link to comment Share on other sites More sharing options...
HessStation Posted June 2, 2021 Share Posted June 2, 2021 2 minutes ago, greenwichjetfan said: Why are you answering a question with a question? You said you saw it worst case as a $15-$20 stock, so I'm curious as to whether you sold out. Did you say anything about it hitting 4-5 digits in that post? I didn't see it. What? I advised to buy at $9-$10 and at worst case (ie if someone was nervous about it)...it’s a $15-20 summer stock, post shorting/manipulation and in case of the anomaly that it doesn’t squeeze.... Which it hasn’t even done yet. This is FOMO and shorts ie Citadel hasn’t covered. 1 Quote Link to comment Share on other sites More sharing options...
greenwichjetfan Posted June 2, 2021 Share Posted June 2, 2021 3 minutes ago, HessStation said: What? I advised to buy at $9-$10 and at worst case (ie if someone was nervous about it)...it’s a $15-20 summer stock, post shorting/manipulation and in case of the anomaly that it doesn’t squeeze.... Which it hasn’t even done yet. This is FOMO and shorts ie Citadel hasn’t covered. Gotcha. Quote Link to comment Share on other sites More sharing options...
David Harris Posted June 2, 2021 Share Posted June 2, 2021 1 hour ago, HessStation said: What? I advised to buy at $9-$10 and at worst case (ie if someone was nervous about it)...it’s a $15-20 summer stock, post shorting/manipulation and in case of the anomaly that it doesn’t squeeze.... Which it hasn’t even done yet. This is FOMO and shorts ie Citadel hasn’t covered. Alright Hess and everybody. I now have FOMO. I'm doing fine financially. Diversified, have a few business investments. Let's say I have 50K to invest in crypto. I would like at least one full Bitcoin. I know nobody can predict the future but what would the crypto guys here recommend I put it in, and any guess on the timing of purchase? Quote Link to comment Share on other sites More sharing options...
jetsrule1969 Posted June 2, 2021 Share Posted June 2, 2021 8 minutes ago, David Harris said: Alright Hess and everybody. I now have FOMO. I'm doing fine financially. Diversified, have a few business investments. Let's say I have 50K to invest in crypto. I would like at least one full Bitcoin. I know nobody can predict the future but what would the crypto guys here recommend I put it in, and any guess on the timing of purchase? I posted this before maybe you missed it! If you take any financial advice on a sports site like this one people will eventually realize that you have officially become insane and that you should be locked up for your own safety and the safety of your loved ones. 1 2 Quote Link to comment Share on other sites More sharing options...
HessStation Posted June 2, 2021 Share Posted June 2, 2021 15 minutes ago, David Harris said: Alright Hess and everybody. I now have FOMO. I'm doing fine financially. Diversified, have a few business investments. Let's say I have 50K to invest in crypto. I would like at least one full Bitcoin. I know nobody can predict the future but what would the crypto guys here recommend I put it in, and any guess on the timing of purchase? Don’t listen to me but I think Ethereum is the best crypto bet 1 1 Quote Link to comment Share on other sites More sharing options...
Lupz27 Posted June 2, 2021 Share Posted June 2, 2021 20 minutes ago, David Harris said: Alright Hess and everybody. I now have FOMO. I'm doing fine financially. Diversified, have a few business investments. Let's say I have 50K to invest in crypto. I would like at least one full Bitcoin. I know nobody can predict the future but what would the crypto guys here recommend I put it in, and any guess on the timing of purchase? Get in a time machine back to December 2020 and buy GameStop AMC and Dogecoin. 1 Quote Link to comment Share on other sites More sharing options...
HessStation Posted June 2, 2021 Share Posted June 2, 2021 2 minutes ago, Lupz27 said: Get in a time machine back to December 2020 and buy GameStop AMC and Dogecoin. Or 2013 and buy Bitcoin Quote Link to comment Share on other sites More sharing options...
Lupz27 Posted June 2, 2021 Share Posted June 2, 2021 23 minutes ago, HessStation said: Or 2013 and buy Bitcoin Now your just being unrealistic and greedy ? Quote Link to comment Share on other sites More sharing options...
Ken Schroy Posted June 2, 2021 Share Posted June 2, 2021 So in an earlier post I said I had AMC that I bought at 14. So it hits 37 last week and my wife was itching to sell it. I told her that the theaters were opening up and we should wait till after this past weekend. So she got ansty and sold it. We doubled our money BUT, it hit 70 today. lol 1 Quote Link to comment Share on other sites More sharing options...
Obrien2Toon Posted June 2, 2021 Share Posted June 2, 2021 12 minutes ago, Ken Schroy said: So in an earlier post I said I had AMC that I bought at 14. So it hits 37 last week and my wife was itching to sell it. I told her that the theaters were opening up and we should wait till after this past weekend. So she got ansty and sold it. We doubled our money BUT, it hit 70 today. lol Ouch Quote Link to comment Share on other sites More sharing options...
Integrity28 Posted June 2, 2021 Share Posted June 2, 2021 23 minutes ago, Ken Schroy said: So in an earlier post I said I had AMC that I bought at 14. So it hits 37 last week and my wife was itching to sell it. I told her that the theaters were opening up and we should wait till after this past weekend. So she got ansty and sold it. We doubled our money BUT, it hit 70 today. lol What is happening with AMC has nothing to do with the theaters. Sorry you're out. I got in at $9 with Hessy-poo. Added more for a $15 avg. Riding that wave now... t!ts out!!! Quote Link to comment Share on other sites More sharing options...
Flea Flicking Frank Posted June 2, 2021 Share Posted June 2, 2021 2 hours ago, David Harris said: Alright Hess and everybody. I now have FOMO. I'm doing fine financially. Diversified, have a few business investments. Let's say I have 50K to invest in crypto. I would like at least one full Bitcoin. I know nobody can predict the future but what would the crypto guys here recommend I put it in, and any guess on the timing of purchase? Timing is really tough. To me, the crypto with the highest utility is as follows, not necessarily in order: ETH ADA MATIC XLM ICP XRP 2 Quote Link to comment Share on other sites More sharing options...
AFJF Posted June 2, 2021 Share Posted June 2, 2021 First big day for DOGE in a while. Nice to see. Quote Link to comment Share on other sites More sharing options...
Ken Schroy Posted June 3, 2021 Share Posted June 3, 2021 14 hours ago, Integrity28 said: What is happening with AMC has nothing to do with the theaters. Sorry you're out. I got in at $9 with Hessy-poo. Added more for a $15 avg. Riding that wave now... t!ts out!!! Disagree, part of the recent jump was due to the big open of Quiet place 2. Quote Link to comment Share on other sites More sharing options...
More Cowbell Posted June 3, 2021 Share Posted June 3, 2021 On 5/21/2021 at 5:09 PM, Barry McCockinner said: oh - this is the first I've ever heard anyone make this claim. Exciting! Many people don't understand why bitcoin is valuable. It's fine. I just hope you're not too late. I just gotta say, we are on one of the biggest bull market runs in history and this is what you choose to invest in. Quote Link to comment Share on other sites More sharing options...
Barry McCockinner Posted June 3, 2021 Share Posted June 3, 2021 37 minutes ago, More Cowbell said: I just gotta say, we are on one of the biggest bull market runs in history and this is what you choose to invest in. I don't understand what this means. Quote Link to comment Share on other sites More sharing options...
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