Toggle sidebar

OT: Lets talk about stocks (Part 3)

  • Work is still on-going to rebuild the site styling and features. Please report any issues you may experience so we can look into it. Click Here for Updates
JohnTheBaptist said:
You tell me.. it all disappeared, where did it go? Who has it now? Seems like nobody knows. My coins went from 0.60$ to about 0.065$ now. Where did the money go? I don't understand it and it seems like nobody can explain it to me, does anyone understand? I bought the CRO coins from Crypto.com
Click to expand...
I'm not sure I understand the question. It's an asset, like any asset it rises and falls in price, crypto in particular is a volatile one. The volatile asset you bought dropped sharply in price as liquidity receded and there was a lot more selling pressure vs. demand.
 
JohnTheBaptist said:
You tell me.. it all disappeared, where did it go? Who has it now? Seems like nobody knows. My coins went from 0.60$ to about 0.065$ now. Where did the money go? I don't understand it and it seems like nobody can explain it to me, does anyone understand? I bought the CRO coins from Crypto.com
Click to expand...
You basically bought a shit coin that Crypto.com can print out of thin air like Federal Reserve. POS coins can easily be printed because they're back by nothing just like the dollar and artificially burned to augment price.
 
Scorey Perry said:
I was in Bitcoin. After about 6 months, I shook my head and got out. It's just all over the place.

Wonder what Michael Saylor saying about it now?
Click to expand...
Have you read his book, the Mobile Wave? Do you recommend it?

I was thinking of doing some his organisation's free courses.

Last I checked (just now) he is still promoting bitcoin "as the solution".

Now if this affinity for it is derived from hubris, Dutch courage, misguidedness or purely out of greed (how much of his overall portfolio is allocated to bitcoin) remains to be seen.
 
Kaladin said:
I'm not sure I understand the question. It's an asset, like any asset it rises and falls in price, crypto in particular is a volatile one. The volatile asset you bought dropped sharply in price as liquidity receded and there was a lot more selling pressure vs. demand.
Click to expand...
it's not "just an asset" though, it's in a deliberately deregulated space, so of course fraud and corruption will be rampant, thus all the collapses, scandals and rug pulls.
 
CleverContrarian said:
Have you read his book, the Mobile Wave? Do you recommend it?

I was thinking of doing some his organisation's free courses.

Last I checked (just now) he is still promoting bitcoin "as the solution".

Now if this affinity for it is derived from hubris, Dutch courage, misguidedness or purely out of greed (how much of his overall portfolio is allocated to bitcoin) remains to be seen.
Click to expand...
No, I am totally done with crypto. I got out a year ago this October. Made a little money in it and ran.
 
  • Like
Reactions: DailyKaizen
pepperMonkey said:
Hey, that's awesome. I have no trading experience and don't understand TA. Pretty much a newb with surface knowledge in reading balance sheets, 10K's, etc. Good to know who understands this stuff if I get stuck :) With that said, I hope you didn't take what I said the wrong way. I was just worried that you were already beholden to the whims of crypto with your MSTR holdings and because you might be considering getting crypto. I'm actually very bullish on crypto and have a good chunk of my portfolio in BTC (and a trickle of Solana...which is now worth even less than a trickle...). Still, it is very high risk, so unless you are good with such volatility...
Click to expand...
I’m still heavily invested in BTC. I keep dcaing and I will not stop because of FTX. Bitcoin will rebound without any doubts.

JohnTheBaptist said:
Good, they stole 5k from me they should be shut down permanently. Serious question, who has my money and everyone else's money that they lost? Who gained from our losses? Can someone explain?
Click to expand...
How did crypto.com steal 5k from you? You mean you made a bad decision and lost money on your trade? You won’t be the last.
 
  • Like
Reactions: dinodebino, Kaladin and the
Imaginary scenario: if any of you had around 200K$ every year in savings every year, how much would you be spending on stocks vs your mortgage vs buying rental properties.
 
Andrei79 said:
Imaginary scenario: if any of you had around 200K$ every year in savings every year, how much would you be spending on stocks vs your mortgage vs buying rental properties.
Click to expand...

Fluctuates in time.

1) There is a macro trend away from real estate starting in 2030 as the depopulation trends intensify. This doesn't mean you shouldn't invest in real estate as many types of real estate will be red hot past 2030; it means you need to understand that de-population will cause more stuff than in the 1945 to 2025 timeframe to implode. Climate change will bring a macro trend for real estate around 2045 - 2050 as it will start breaking more real estate.

2) Right now, real estate prices are going down; it's probably a good time in the spring to go heavy in rental property, with the aim of selling around 2030. If your revenues are solid for the crisis ahead.

3) 1/2 stock / growth bonds, 1/4 reserve (bitcoin/gold/super safe stock), 1/4 real estate.
 
  • Like
Reactions: Andrei79
US CPI coming out later today. FTX story will be good to follow now that criminal charges are on the table.
 
zzoo said:
I had high hope in TSLA, and I'm investing a lot in it. I'm losing big here :( But I think the future is still bring for TSLA.
Click to expand...
Hope is not as advantageous as doing your homework and allocating your capital in the most intelligent way.

Always remember the six Ps of investing, proper prior planning prevents poor performance.
 
  • Wow
Reactions: the
First time reading this chat about stocks. What is your guys opinion on MMF9032 American Dynamic Power Growth? I'm looking at investing some money in it.

​

 
  • Like
Reactions: DailyKaizen
70Stang said:
First time reading this chat about stocks. What is your guys opinion on MMF9032 American Dynamic Power Growth? I'm looking at investing some money in it.

​

Click to expand...
Welcome 😀
Thanks for bringing this to my attention. Like everything, there are some positives and negatives…

It has a high MER and management fee, can it be justified? It depends, especially also depends on the circumstances of your portfolio, general living expenses, debt, income, dependents etc etc

Generally speaking though, it is a good/ok add to my portfolio and probably yours too, thanks again for that.

Any other suggestions?
 
  • Like
Reactions: 70Stang
Interesting start to the year with Big techs trimming headcount and a few sectors on a bullish run.

BoC is expected to announce another rate hike today. Still expecting a bumping ride in 2023.
 
You must log in or register to reply here.

Latest posts

Ad

Upcoming events

Ad

Top Bottom