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You are very wrong. I am sure I speak for many here. I didn't invest a nickel and I have zero regrets about it, no matter what the outcome. If you make some money off it, more power to you. I just sit back amazed at the emotional commitment to this pyramid scheme. This has everything: fear, greed, and world peace. Quoted:
Quoted: I know right? In this thread you can see who invested in crypto and who's jealous of those who already have 
The crypto "bubble" has been "popping" since 2012. 6 years later and it's...well shit, it's a few fucking thousand percent above where it was when the "bubble" was at it's "peak." News flash: crypto isn't going anywhere. https://www.swift.com/news-events/news/blockchain-progression-in-securities-markets_ https://www.swift.com/news-events/press-releases/swift-explores-blockchain-as-part-of-its-global-payments-innovation-initiative It sure sounds like they are interested in blockchain based currency transactions. Now you can argue that the blockchain itself is useful and just the crypto currencies themselves are a pyramid scheme. But it's pretty ridiculous to suggest that at this stage in the game that the blockchain would be segregated from the use of crypto currencies and reserved for institutional use only. |
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Thanks, that's interesting stuff. Looks like a lot of potential systemic and piecemeal change challenges lie ahead for bitcoin specifically. If anything it's a good model for other and future currencies to use as a basis for improvement. I'm still curious how they would actually go about making a network-wide change or enforce those changes since it's not like there is a central server/node to push that update out to it's clients. Quoted:
Thanks, that's interesting stuff. Looks like a lot of potential systemic and piecemeal change challenges lie ahead for bitcoin specifically. If anything it's a good model for other and future currencies to use as a basis for improvement. I'm still curious how they would actually go about making a network-wide change or enforce those changes since it's not like there is a central server/node to push that update out to it's clients. |
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Quoted: How many of you guys have actually cashed in your play money for real money? 
Which time? Bought 1 BTC @ $2800 in July, sold it a month later for $4300. That was my first foray into crypto. I am a blue collar guy so unfortunately I didn't think to "buy and hold" like a savvy investor, but that little profit paid for me to rebuild my deck and refinish my basement. Yes, it will be reported as a capital gain. Then in late November I did something really stupid, but it worked out. I took a $15k loan from my 401k, dumped it all into cryptos (including several shitcoins) and saw the value increase to over $22k within 3 weeks. Pulled the $15k back out and sent it back to Fidelity. Now I'm just playing with house money. Now the value of that house money has plummeted quite a bit recently, but I'm not selling anything. I plan to leave it alone until it's either worth enough to pay my farm ground off, or goes to zero. Either way it isn't life changing money. Better to have lived and lost, or whatever they say... |
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Is the Swift Network a pyramid scheme too? You know what the SN is right? The financial network that banks utilize around the world. What do you think they have to say about blockchain based money transferring systems? https://www.swift.com/news-events/news/blockchain-progression-in-securities-markets_ https://www.swift.com/news-events/press-releases/swift-explores-blockchain-as-part-of-its-global-payments-innovation-initiative It sure sounds like they are interested in blockchain based currency transactions. Now you can argue that the blockchain itself is useful and just the crypto currencies themselves are a pyramid scheme. But it's pretty ridiculous to suggest that at this stage in the game that the blockchain would be segregated from the use of crypto currencies and reserved for institutional use only. |
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http://www.nrn.com/technology/chanticleer-holdings-launch-cryptocurrency-based-loyalty-program
Another possible use for Blockchain tech. |
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More big news. http://ir.moneygram.com/releasedetail.cfm?releaseid=1054088 Ripple and MoneyGram Partner to Modernize Payments Pilot will use digital asset XRP to lower costs and increase payment speed DALLAS, and SAN FRANCISCO, Jan. 11, 2018 /PRNewswire/ -- Ripple, provider of the leading enterprise blockchain solution for payments, has partnered with MoneyGram (NASDAQ: MGI), one of the world's largest money transfer companies, to pilot XRP in their payment flows. As part of this agreement, both companies will also explore MoneyGram's integration into Ripple's ecosystem through xVia. MoneyGram Logo (PRNewsfoto/MoneyGram) MoneyGram will pilot the use of XRP, the native digital asset of the XRP Ledger, in payment flows through xRapid, Ripple's solution for on-demand liquidity. XRP remains the most efficient digital asset for payments with transaction fees at just fractions of a penny, compared to Bitcoin fees of about $30 per transaction. Similarly, the average transaction time for XRP is 2-3 seconds with other top digital assets ranging from 15 minutes to an hour. Money transfer companies, like MoneyGram, allow people to safely and efficiently send cross-border payments to friends, families and business partners. The current model for these payments requires money transfer companies to use pre-funded accounts across the globe to source liquidity. Newer blockchain technologies have the potential to revolutionize this process and optimize capital deployment. "The inefficiencies of global payments don't just affect banks, they also affect institutions like MoneyGram. Money transfer companies are incredibly important because they help people get money to their friends and loved ones," said Brad Garlinghouse, CEO of Ripple. "We are excited about this pilot and a long-term strategic partnership with MoneyGram. By using a digital asset like XRP that settles in three seconds or less, they can now move money as quickly as information." For MoneyGram, the second largest money transfer company in the world, this strategic partnership will allow them to understand how blockchain technology and XRP can improve the efficiency of their global treasury operations and consumer experience. Alex Holmes, Chief Executive Officer of MoneyGram, said, "Every day blockchain technology is changing the norm and encouraging innovation. Ripple is at the forefront of blockchain technology and we look forward to piloting xRapid. We're hopeful it will increase efficiency and improve services to MoneyGram's customers." |
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Which time? Bought 1 BTC @ $2800 in July, sold it a month later for $4300. That was my first foray into crypto. I am a blue collar guy so unfortunately I didn't think to "buy and hold" like a savvy investor, but that little profit paid for me to rebuild my deck and refinish my basement. Yes, it will be reported as a capital gain. Then in late November I did something really stupid, but it worked out. I took a $15k loan from my 401k, dumped it all into cryptos (including several shitcoins) and saw the value increase to over $22k within 3 weeks. Pulled the $15k back out and sent it back to Fidelity. Now I'm just playing with house money. Now the value of that house money has plummeted quite a bit recently, but I'm not selling anything. I plan to leave it alone until it's either worth enough to pay my farm ground off, or goes to zero. Either way it isn't life changing money. Better to have lived and lost, or whatever they say... Can you explain alittle more? I don't know what I'm talking about but.... You took a hit for early withdraw(10-20%??) then you will pay income tax on that 15k (~24%). Then you only held the coins for three weeks? So you have short term gain taxes (20%). Eta. Seems like a lot of head ache and paper work. You would need massive gains just to break even. I understand there have been massive gains but that's a huge risk to take. Hope it still works out after tax day. |
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https://www.marketwatch.com/story/a-bitcoin-mixup-at-overstockcom-meant-the-retailer-briefly-gave-discounts-of-85-2018-01-10
Bitcoin blooper adds up to brief 85% discount at Overstock.com The situation came about because Overstock was accepting bitcoin as though it were bitcoin cash, even though there's a wide gap in value between the two virtual currencies. A single bitcoin BTCUSD, -4.08% was recently changing hands at $14,000, while bitcoin cash was fetching around $2,400, according to CoinMarketCap.com data. Krebs has documented how he was able to buy $78 worth of LED bulbs by sending $12 worth of bitcoin cash, meaning he scored a discount of 85%. He also was refunded with $78 worth of bitcoin, rather than $12 worth of the offshoot crypto, which was created last year by a team of people who forked the bitcoin blockchain ledger. "Consider the implications here: A dishonest customer could have used this bug to make ridiculous sums of bitcoin in a very short period of time," he wrote in his "Krebs on Security" post. For example, someone could have paid only $15,000 for a diamond ring that Overstock was selling for $100,000, then returned it for a "a tidy $85,000 profit," the researcher said. |
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https://www.marketwatch.com/story/a-bitcoin-mixup-at-overstockcom-meant-the-retailer-briefly-gave-discounts-of-85-2018-01-10 Bitcoin blooper adds up to brief 85% discount at Overstock.com The situation came about because Overstock was accepting bitcoin as though it were bitcoin cash, even though there's a wide gap in value between the two virtual currencies. A single bitcoin BTCUSD, -4.08% was recently changing hands at $14,000, while bitcoin cash was fetching around $2,400, according to CoinMarketCap.com data. Krebs has documented how he was able to buy $78 worth of LED bulbs by sending $12 worth of bitcoin cash, meaning he scored a discount of 85%. He also was refunded with $78 worth of bitcoin, rather than $12 worth of the offshoot crypto, which was created last year by a team of people who forked the bitcoin blockchain ledger. "Consider the implications here: A dishonest customer could have used this bug to make ridiculous sums of bitcoin in a very short period of time," he wrote in his "Krebs on Security" post. For example, someone could have paid only $15,000 for a diamond ring that Overstock was selling for $100,000, then returned it for a "a tidy $85,000 profit," the researcher said. This happens with USD all the time. Blockchain and crypto currencies are going to have some major growing pains. Just like the internet. Could you imagine if we still had dialup? The Good companies will learn from others mistakes and make the product better because it them. |
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Yup so many clueless people .... Crypto and blockchain go so much deeper than most realize .... Let them miss out  Quoted:
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IN this thread, we find out who has no idea what "Bitcoin" really is. First, it isn't just "Bitcoin" and second, it isn't just currency. Carry on in your ignorance.  |
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Thank goodness, were all saved, buy crypto. Quoted:
Quoted: In two or three years, everyone in this thread will have their lives touched by blockchain in some way shape or form. I five years, the world won't function without it. |
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If you are reporting capital gains. Can you explain alittle more? I don't know what I'm talking about but.... You took a hit for early withdraw(10-20%??) then you will pay income tax on that 15k (~24%). Then you only held the coins for three weeks? So you have short term gain taxes (20%). Eta. Seems like a lot of head ache and paper work. You would need massive gains just to break even. I understand there have been massive gains but that's a huge risk to take. Hope it still works out after tax day. As I said, I will be reporting any profits come tax time. As of now my profits aren't even $10k altogether so I'm not worried about it. I have lots of farm deductions to offset most of it anyway. |
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Quoted: You have never been on a TAG or Surefire Blackfriday sale thread? This happens with USD all the time. Blockchain and crypto currencies are going to have some major growing pains. Just like the internet. Could you imagine if we still had dialup? The Good companies will learn from others mistakes and make the product better because it them. |
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those are pricing errors... this is a currency error. big difference. not really a good or bad story on bitcoin in general just found it amusing. just shows the amount of confusion on this stuff not only on the consumer side but the vendor side as well. Quoted:
Quoted: You have never been on a TAG or Surefire Blackfriday sale thread? This happens with USD all the time. Blockchain and crypto currencies are going to have some major growing pains. Just like the internet. Could you imagine if we still had dialup? The Good companies will learn from others mistakes and make the product better because it them. Because they set it up incorrectly. Not a currency error. Also the current Bitcoin will fail as a currency because of cost and speed. Also thank you for sharing that story. I like to learn all the good and bad. |
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Quoted: Early withdraw? Nope. It was a loan, which is not the same as a withrawal. And I paid it back in full, less than a month after taking it. The only part of that you got right was the "short term gain" taxes. My only "penalty" for taking the loan and paying it back is my dollar-cost average increases a bit (I'm almost 40 and $15k is a small percentage of my 401k) and I have to wait a while before I'm eligible for another loan. Big f'n deal. As I said, I will be reporting any profits come tax time. As of now my profits aren't even $10k altogether so I'm not worried about it. I have lots of farm deductions to offset most of it anyway. You won't have to pay income tax if you paid it back within the term limits. Eta. Could be reading wrong. Glad I don't do my own taxes. |
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Why did it only happen to Overstock.com? Because they set it up incorrectly. Not a currency error. Also the current Bitcoin will fail as a currency because of cost and speed. Also thank you for sharing that story. I like to learn all the good and bad. Quoted:
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Quoted: You have never been on a TAG or Surefire Blackfriday sale thread? This happens with USD all the time. Blockchain and crypto currencies are going to have some major growing pains. Just like the internet. Could you imagine if we still had dialup? The Good companies will learn from others mistakes and make the product better because it them. Because they set it up incorrectly. Not a currency error. Also the current Bitcoin will fail as a currency because of cost and speed. Also thank you for sharing that story. I like to learn all the good and bad. |
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More big news. http://ir.moneygram.com/releasedetail.cfm?releaseid=1054088 Ripple and MoneyGram Partner to Modernize Payments Pilot will use digital asset XRP to lower costs and increase payment speed DALLAS, and SAN FRANCISCO, Jan. 11, 2018 /PRNewswire/ -- Ripple, provider of the leading enterprise blockchain solution for payments, has partnered with MoneyGram (NASDAQ: MGI), one of the world's largest money transfer companies, to pilot XRP in their payment flows. As part of this agreement, both companies will also explore MoneyGram's integration into Ripple's ecosystem through xVia. MoneyGram Logo (PRNewsfoto/MoneyGram) MoneyGram will pilot the use of XRP, the native digital asset of the XRP Ledger, in payment flows through xRapid, Ripple's solution for on-demand liquidity. XRP remains the most efficient digital asset for payments with transaction fees at just fractions of a penny, compared to Bitcoin fees of about $30 per transaction. Similarly, the average transaction time for XRP is 2-3 seconds with other top digital assets ranging from 15 minutes to an hour. Money transfer companies, like MoneyGram, allow people to safely and efficiently send cross-border payments to friends, families and business partners. The current model for these payments requires money transfer companies to use pre-funded accounts across the globe to source liquidity. Newer blockchain technologies have the potential to revolutionize this process and optimize capital deployment. "The inefficiencies of global payments don't just affect banks, they also affect institutions like MoneyGram. Money transfer companies are incredibly important because they help people get money to their friends and loved ones," said Brad Garlinghouse, CEO of Ripple. "We are excited about this pilot and a long-term strategic partnership with MoneyGram. By using a digital asset like XRP that settles in three seconds or less, they can now move money as quickly as information." For MoneyGram, the second largest money transfer company in the world, this strategic partnership will allow them to understand how blockchain technology and XRP can improve the efficiency of their global treasury operations and consumer experience. Alex Holmes, Chief Executive Officer of MoneyGram, said, "Every day blockchain technology is changing the norm and encouraging innovation. Ripple is at the forefront of blockchain technology and we look forward to piloting xRapid. We're hopeful it will increase efficiency and improve services to MoneyGram's customers." https://www.cnbc.com/2018/01/02/theres-a-new-hottest-coin-of-2018-so-far-stellar.htmll |
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It's going to be fun when blockchain e-currency is what banks use behind the scenes to transfer wealth, and all you FUDs will be like. It's the same as TULIP BULBS! THE SAAAAAAMME! REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE! EDIT: I hope you don't think the banks are going to roll with a crypto currency that cannot be expanded and contracted in supply. Its just going to be a higher level of control and tracking of money. |
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 Its the hype train, everyone is talking their book and trying to validate their decision to join Amway.Quoted:
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You argue that you know the domain, but then you conflate blockchain and cryptocurrency. What's up with that? Its the hype train, everyone is talking their book and trying to validate their decision to join Amway.blockchain != Bitcoin != cryptocurrency != digital currency != mobile money |
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Arguing that bitcoin is good because blockchain is good is like arguing that pets.com is good because the internet is good. Once there is a leader that is widely accepted then the rest of the coins are going to be as good as monopoly money. |
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Lol. Please direct us all to your investment tips that yield a minimum 100% rate of return this year. Thanks. Quoted:
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Bitcoin = "A fool and his money are soon parted." I dont know about for this year, 2018 as far as last year. there were 354 stocks that returned 100% or more and also had a market cap of 100 million dollars or more. You can put that in your pipe and smoke it crypto boi.. 
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@killswitch I dont know about for this year, 2018 as far as last year. there were 354 stocks that returned 100% or more and also had a market cap of 100 million dollars or more. You can put that in your pipe and smoke it crypto boi.. Quoted:
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Bitcoin = "A fool and his money are soon parted." I dont know about for this year, 2018 as far as last year. there were 354 stocks that returned 100% or more and also had a market cap of 100 million dollars or more. You can put that in your pipe and smoke it crypto boi.. Serious question? Are we talking IPOs, penny stocks or blue chips? (Assuming based on user name) I would think someone like you with knowledge of financial markets and knows how to read a chart could make a killing using fundamentals in the CC market. So many untraditional investors right now. |
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@killswitch I dont know about for this year, 2018 as far as last year. there were 354 stocks that returned 100% or more and also had a market cap of 100 million dollars or more. You can put that in your pipe and smoke it crypto boi.. Quoted:
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Bitcoin = "A fool and his money are soon parted." I dont know about for this year, 2018 as far as last year. there were 354 stocks that returned 100% or more and also had a market cap of 100 million dollars or more. You can put that in your pipe and smoke it crypto boi..
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Exactly. Let's say banks do decide to adopt blockchain. There is absolutely no reason for them to choose any of the existing coins. They'll fork one or just roll their own. Once there is a leader that is widely accepted then the rest of the coins are going to be as good as monopoly money. Quoted:
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Arguing that bitcoin is good because blockchain is good is like arguing that pets.com is good because the internet is good. Once there is a leader that is widely accepted then the rest of the coins are going to be as good as monopoly money. |
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But until that day, cryptos will be a majority of the traffic on the block chain. And that's what the crypto heads are doing, making the best of this transition time before it's gone. How long that will be is anyone's guess. |
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Cryptocurrency I believe will be one of the biggest scams exposed of all time. The currency has nothing backing it like US currency which we have all the asset of America. The currency is artificially bloated by the more and more people buy into it. To risky of an investment in my opinion and I am not going to touch it. Also I am not old I am a smart investor and made lots of money doing it by not taking stupid risky chances with my money. |
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How many did you have in your portfolio or recommend? Serious question? Are we talking IPOs, penny stocks or blue chips? (Assuming based on user name) I would think someone like you with knowledge of financial markets and knows how to read a chart could make a killing using fundamentals in the CC market. So many untraditional investors right now. Quoted:
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Bitcoin = "A fool and his money are soon parted." I dont know about for this year, 2018 as far as last year. there were 354 stocks that returned 100% or more and also had a market cap of 100 million dollars or more. You can put that in your pipe and smoke it crypto boi.. Serious question? Are we talking IPOs, penny stocks or blue chips? (Assuming based on user name) I would think someone like you with knowledge of financial markets and knows how to read a chart could make a killing using fundamentals in the CC market. So many untraditional investors right now. most of those stocks I screened where micro caps with a lot of volatility like Crypto. In person i'd for sure let you know what I held last year but I can't on the net. But as for myself making money in crypto, there are a few things that prevent me from going in there. futures markets are there, but I prefer options as they are easier to trade IMO. without me being able to have a known downside, I don't like getting involved. Besides that, I agree with you, if liquidity stays there are opportunities, the same way I remember in 1999 with tech but like everything else that trades with out cash flow, no one knows where it's going, how it's going to get there and if it will ever make it there. |
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I'm not your boy, pal! Quoted:
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Bitcoin = "A fool and his money are soon parted." I dont know about for this year, 2018 as far as last year. there were 354 stocks that returned 100% or more and also had a market cap of 100 million dollars or more. You can put that in your pipe and smoke it crypto boi..
Like I always said...I hope you crypto guys make a shit ton of money and I hope the noobs don't get burned. |
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not giving advice and keeping it vagues as I can....Boeing knocked it out the park last year bigly and that's one of the Mega Caps. most of those stocks I screened where micro caps with a lot of volatility like Crypto. In person i'd for sure let you know what I held last year but I can't on the net. But as for myself making money in crypto, there are a few things that prevent me from going in there. futures markets are there, but I prefer options as they are easier to trade IMO. without me being able to have a known downside, I don't like getting involved. Besides that, I agree with you, if liquidity stays there are opportunities, the same way I remember in 1999 with tech but like everything else that trades with out cash flow, no one knows where it's going, how it's going to get there and if it will ever make it there. Quoted:
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Bitcoin = "A fool and his money are soon parted." I dont know about for this year, 2018 as far as last year. there were 354 stocks that returned 100% or more and also had a market cap of 100 million dollars or more. You can put that in your pipe and smoke it crypto boi.. Serious question? Are we talking IPOs, penny stocks or blue chips? (Assuming based on user name) I would think someone like you with knowledge of financial markets and knows how to read a chart could make a killing using fundamentals in the CC market. So many untraditional investors right now. most of those stocks I screened where micro caps with a lot of volatility like Crypto. In person i'd for sure let you know what I held last year but I can't on the net. But as for myself making money in crypto, there are a few things that prevent me from going in there. futures markets are there, but I prefer options as they are easier to trade IMO. without me being able to have a known downside, I don't like getting involved. Besides that, I agree with you, if liquidity stays there are opportunities, the same way I remember in 1999 with tech but like everything else that trades with out cash flow, no one knows where it's going, how it's going to get there and if it will ever make it there. Any lessons learned from 1999 that could be applied today? Any good books on the market from that time? |
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Thank you for the reply. Any lessons learned from 1999 that could be applied today? Any good books on the market from that time? Quoted:
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Bitcoin = "A fool and his money are soon parted." I dont know about for this year, 2018 as far as last year. there were 354 stocks that returned 100% or more and also had a market cap of 100 million dollars or more. You can put that in your pipe and smoke it crypto boi.. Serious question? Are we talking IPOs, penny stocks or blue chips? (Assuming based on user name) I would think someone like you with knowledge of financial markets and knows how to read a chart could make a killing using fundamentals in the CC market. So many untraditional investors right now. most of those stocks I screened where micro caps with a lot of volatility like Crypto. In person i'd for sure let you know what I held last year but I can't on the net. But as for myself making money in crypto, there are a few things that prevent me from going in there. futures markets are there, but I prefer options as they are easier to trade IMO. without me being able to have a known downside, I don't like getting involved. Besides that, I agree with you, if liquidity stays there are opportunities, the same way I remember in 1999 with tech but like everything else that trades with out cash flow, no one knows where it's going, how it's going to get there and if it will ever make it there. Any lessons learned from 1999 that could be applied today? Any good books on the market from that time? Lessons...I've learned them the hard way...as in buying Cisco at $70.
I'm of trying to think of how I can phrase what lesson I learned without it being construed as advice, because no matter what I say, someone will interpret it differently from what was meant. But common knowledge is that don't do anything that would screw up your financial well being. I mean....universally it's accepted that dumping your life savings and your HELOC into beanie babies is not a really good idea. what kind of books? Technical analysis books? |
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The US dollar is backed by the US Government. Cryptocurrency is backed by speculation, that can be legislated out of useful existence, with nothing really physical to possess any vale in, besides some 10101010101's in a computer file somewhere... Quoted:
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Our own US dollar is fiat currency but it's accepted by everybody and that is its stability right there. There is no REAL currency anymore. Nothing that can be traded in on demand for precious metals. "The internet will never be a big thing." "The CD will be with us forever, it gives us perfect sound." "Nobody needs more than 640K of RAM in their computer." (Bill Gates said that once upon a time.) Things change. Cryptocurrency, well, the truth is we're in the dawn of a new era and NO it's not some idiot with a flashlight hiding behind a rock. Cryptocurrency is not going to go away, it is going to grow and expand and there will be a natural selection process that will kill off the weakest currencies and leave the stronger ones to continue to battle for dominance until there are finally just a couple. Of course those who are most heavily invested in the old system of money will denigrate the competition. That's to be expected. Cryptocurrency is backed by speculation, that can be legislated out of useful existence, with nothing really physical to possess any vale in, besides some 10101010101's in a computer file somewhere... |
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anytime. Lessons...I've learned them the hard way...as in buying Cisco at $70.
I'm of trying to think of how I can phrase what lesson I learned without it being construed as advice, because no matter what I say, someone will interpret it differently from what was meant. But common knowledge is that don't do anything that would screw up your financial well being. I mean....universally it's accepted that dumping your life savings and your HELOC into beanie babies is not a really good idea. what kind of books? Technical analysis books? Quoted:
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Bitcoin = "A fool and his money are soon parted." I dont know about for this year, 2018 as far as last year. there were 354 stocks that returned 100% or more and also had a market cap of 100 million dollars or more. You can put that in your pipe and smoke it crypto boi.. Serious question? Are we talking IPOs, penny stocks or blue chips? (Assuming based on user name) I would think someone like you with knowledge of financial markets and knows how to read a chart could make a killing using fundamentals in the CC market. So many untraditional investors right now. most of those stocks I screened where micro caps with a lot of volatility like Crypto. In person i'd for sure let you know what I held last year but I can't on the net. But as for myself making money in crypto, there are a few things that prevent me from going in there. futures markets are there, but I prefer options as they are easier to trade IMO. without me being able to have a known downside, I don't like getting involved. Besides that, I agree with you, if liquidity stays there are opportunities, the same way I remember in 1999 with tech but like everything else that trades with out cash flow, no one knows where it's going, how it's going to get there and if it will ever make it there. Any lessons learned from 1999 that could be applied today? Any good books on the market from that time? Lessons...I've learned them the hard way...as in buying Cisco at $70.
I'm of trying to think of how I can phrase what lesson I learned without it being construed as advice, because no matter what I say, someone will interpret it differently from what was meant. But common knowledge is that don't do anything that would screw up your financial well being. I mean....universally it's accepted that dumping your life savings and your HELOC into beanie babies is not a really good idea. what kind of books? Technical analysis books? Yes. Technical analysis books. Specifically ones that worked in 1999. I think this market will be very similar to the market from that era. Plenty of new money, chasing rumors, unproven Technology, huge movement, IPOs Then in the end a few companies like Amazon and Google. A couple Priceline.coms sprinkled in and plenty of Pets.com. Blockchain is here to stay. 95% of the coins on the market won’t. I am not putting another dime into the market. I’m using house money and would like to be able to increase my coin count. |
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I understand about the advice. Please don’t say anything that could get you into trouble. Yes. Technical analysis books. Specifically ones that worked in 1999. I think this market will be very similar to the market from that era. Plenty of new money, chasing rumors, unproven Technology, huge movement, IPOs Then in the end a few companies like Amazon and Google. A couple Priceline.coms sprinkled in and plenty of Pets.com. Blockchain is here to stay. 95% of the coins on the market won’t. I am not putting another dime into the market. I’m using house money and would like to be able to increase my coin count. |
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I understand about the advice. Please don’t say anything that could get you into trouble. Yes. Technical analysis books. Specifically ones that worked in 1999. I think this market will be very similar to the market from that era. Plenty of new money, chasing rumors, unproven Technology, huge movement, IPOs Then in the end a few companies like Amazon and Google. A couple Priceline.coms sprinkled in and plenty of Pets.com. Blockchain is here to stay. 95% of the coins on the market won’t. I am not putting another dime into the market. I’m using house money and would like to be able to increase my coin count. Quoted:
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Bitcoin = "A fool and his money are soon parted." I dont know about for this year, 2018 as far as last year. there were 354 stocks that returned 100% or more and also had a market cap of 100 million dollars or more. You can put that in your pipe and smoke it crypto boi.. Serious question? Are we talking IPOs, penny stocks or blue chips? (Assuming based on user name) I would think someone like you with knowledge of financial markets and knows how to read a chart could make a killing using fundamentals in the CC market. So many untraditional investors right now. most of those stocks I screened where micro caps with a lot of volatility like Crypto. In person i'd for sure let you know what I held last year but I can't on the net. But as for myself making money in crypto, there are a few things that prevent me from going in there. futures markets are there, but I prefer options as they are easier to trade IMO. without me being able to have a known downside, I don't like getting involved. Besides that, I agree with you, if liquidity stays there are opportunities, the same way I remember in 1999 with tech but like everything else that trades with out cash flow, no one knows where it's going, how it's going to get there and if it will ever make it there. Any lessons learned from 1999 that could be applied today? Any good books on the market from that time? Lessons...I've learned them the hard way...as in buying Cisco at $70.
I'm of trying to think of how I can phrase what lesson I learned without it being construed as advice, because no matter what I say, someone will interpret it differently from what was meant. But common knowledge is that don't do anything that would screw up your financial well being. I mean....universally it's accepted that dumping your life savings and your HELOC into beanie babies is not a really good idea. what kind of books? Technical analysis books? Yes. Technical analysis books. Specifically ones that worked in 1999. I think this market will be very similar to the market from that era. Plenty of new money, chasing rumors, unproven Technology, huge movement, IPOs Then in the end a few companies like Amazon and Google. A couple Priceline.coms sprinkled in and plenty of Pets.com. Blockchain is here to stay. 95% of the coins on the market won’t. I am not putting another dime into the market. I’m using house money and would like to be able to increase my coin count. It's more art than science, despite it being based in science. |
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I agree TA is the only way to play. FA is not applicable like in FX where you can analyze the central bank interest rate target. Same thing in the dotcom bubble. Lots of TA, FA would have had you staying on the sidelines. Quoted:
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I understand about the advice. Please don’t say anything that could get you into trouble. Yes. Technical analysis books. Specifically ones that worked in 1999. I think this market will be very similar to the market from that era. Plenty of new money, chasing rumors, unproven Technology, huge movement, IPOs Then in the end a few companies like Amazon and Google. A couple Priceline.coms sprinkled in and plenty of Pets.com. Blockchain is here to stay. 95% of the coins on the market won’t. I am not putting another dime into the market. I’m using house money and would like to be able to increase my coin count. |
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All I can say is that mater is
I think Warren Buffett has forgotten more about making huge money over his years, then I ever learned at several of the best business schools in the nation... Yes, Digital Currency is going to be a reality, but first is not always best... Let me go dial up AOL to check out MySpace for updates... |
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All I can say is that mater is I think Warren Buffett has forgotten more about making huge money over his years, then I ever learned at several of the best business schools in the nation... Yes, Digital Currency is going to be a reality, but first is not always best... Let me go dial up AOL to check out MySpace for updates... 
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Quoted: Yep. during the dot com bubble a lot of those companies didn't have positive cash flow, so they couldn't fit into FA models, and when that happens how are you suppose to put a efficient multiple on that stock when you are missing literally half of the equation.
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