Just passed the next big mark! Then pulled backed.
OT: Stock and Investment Thread
- Thread starter RU05
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Nice article for the Nervous Nellies on the board:
Dont be such an obtuse stupid crypto hater!
I dont think that at all. I just tire seeing absurd examples like Pokemon, tulips, NBA, MLB cards, etc.
I was in the same boat as you and reluctant to get in until this year. I had one XRP purchase I naively made a while ago. Did that impulsively after too many tequilas at an Xmas party. Lesson learned.
There's scams in every form of investment. Real estate, stocks, Nigerian kings, etc. The constant far flung examples of bubbles or fraud are akin to me mentioning Enron, Tyco, Madoff, Nikola, etc every time someone recommends a stock. It's on us as investors to do our DD on anything we invest in.
Does BTC at 50k frighten me? Absolutely. Id be weary to get in at that entry point. Luckily, I hold enough we're I'm happy buying a small amount when I see a correction. If I had a lot of money to play with and could afford to lose potentially $$ short term at a 50K entry point I would. I do not. I also do think that we're looking at a $250k+ coin in the next 3 - 5 years, which is why I continue to hold and buy more when I see fit.
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How are you in any position to make such a prediction? It's pure speculation on your part. We get it, you have made money on BTC and feel you now know more than the average Joe. You got in relatively recently, I guess, based on advice from friends.
As Jamie Dimon has stated, every 5 years or so something unexpectedly bad happens. The govt has extended the current "good" streak but the business cycle has not gone away. Many of us feel that we will exit before the bad things happen. And then we don't.
+1Dont be such an obtuse stupid crypto hater!
I dont think that at all. I just tire seeing absurd examples like Pokemon, tulips, NBA, MLB cards, etc.
I was in the same boat as you and reluctant to get in until this year. I had one XRP purchase I naively made a while ago. Did that impulsively after too many tequilas at an Xmas party. Lesson learned.
There's scams in every form of investment. Real estate, stocks, Nigerian kings, etc. The constant far flung examples of bubbles or fraud are akin to me mentioning Enron, Tyco, Madoff, Nikola, etc every time someone recommends a stock. It's on us as investors to do our DD on anything we invest in.
Does BTC at 50k frighten me? Absolutely. Id be weary to get in at that entry point. Luckily, I hold enough we're I'm happy buying a small amount when I see a correction. If I had a lot of money to play with and could afford to lose potentially $$ short term at a 50K entry point I would. I do not. I also do think that we're looking at a $250k+ coin in the next 3 - 5 years, which I was I continue to hold and buy more when I see fit.
I'm buy and hold with BTC and ETH. I believe patience will pay off big time.
Depends on your time horizon. Never got out when the corona bad thing happened last year. Just bought all of the way down and back on the way up. Worked out well.
Appreciate your candid view. The Pokémon mention hits home for me because my buddy made over $1M in the early 90s at the age of 24 speculating on a penny stock 4Kids Entertainment that went on an epic run. He got out long before it came crashing down. He quit his job. Moved to Miami. Paid cash for a Porsche. Lived the dream. That’s one reason I’m struck by FOMO on something like cryptocurrency.Dont be such an obtuse stupid crypto hater!
I dont think that at all. I just tire seeing absurd examples like Pokemon, tulips, NBA, MLB cards, etc.
I was in the same boat as you and reluctant to get in until this year. I had one XRP purchase I naively made a while ago. Did that impulsively after too many tequilas at an Xmas party. Lesson learned.
There's scams in every form of investment. Real estate, stocks, Nigerian kings, etc. The constant far flung examples of bubbles or fraud are akin to me mentioning Enron, Tyco, Madoff, Nikola, etc every time someone recommends a stock. It's on us as investors to do our DD on anything we invest in.
Does BTC at 50k frighten me? Absolutely. Id be weary to get in at that entry point. Luckily, I hold enough we're I'm happy buying a small amount when I see a correction. If I had a lot of money to play with and could afford to lose potentially $$ short term at a 50K entry point I would. I do not. I also do think that we're looking at a $250k+ coin in the next 3 - 5 years, which I was I continue to hold and buy more when I see fit.
Because this is a football message board and Im gonna RutgersAl the **** out of BTC.
In all seriousness, it's based on things I've read, podcasts Ive listened to. That's my thought is that it very well could hit that number if not higher. But guess what... this is a free football message board, so If I boldly proclaim were going to sign Savon & Toal and BTC is going to 250k, so be it. It's on the reader to engage and form their own conclusions
I agree with you. I've done a lot of reading, listening about bitcoin and blockchain. If I was much younger, I'd be a long term holder (HODLer) but I have a certain target price in mind.
I hear you. I lost a TON of teenage money on baseball cards, thinking every rookie card was going to be the next Mantle rookie or Honus Wagner card. FOMO drove dumb purchases like Fleer Flair cards and triple high glossy nonsense.
And I fomo of what could have been on BTC. I knew of it in its infancy and could have easily mined coins when all it took was the processor of a pc. I also had a crypto enthusiast pushing me to buy in when it crashed in 2018. So rather than dwell on what could have been, I focus on what I have and the future, and imparting some of my thoughts on crypto to others. Sometimes I can be of use, some times, I simply cannot answer certain questions (like in the case of some of Frida's questions to me) I'm obviously a big believe in crypto now and dont see it going anywhere, which is why I can be aggressive in how I come across here. My intentions are never to make anyone feel stupid, and regret that that's how I came across to you.
Bought it at 14 and sold it at 18 and change. I have a tendency to get impatient with SPACs but at least it was a profit.Wow. TO THE MOON!
Sadly, didn't have CCIV.
My warrants are up to $27. Not bad considering I paid $1.20 ea for them.
I dont know a ton about Lucid. Is this a long term play, or we looking at the next EV Spac that pops at announcment and fizzles as people realize it mos away.
In my limited experience, the SPACs run up when a merger agreement is announced, then drop after the actual merger. Some that popped up (that I didn't participate in) were Nikola, Virgin Galactic and Quantum. The ones I made money on did go down, except for CCIV.
I have the Nikola fears and the typical SPAC fizzle that Nut mentions above, but Lucid does think they'll begin shipping Q2, so we shall see. I've gone back and forth. I'll likely take some profit closer to the actual merger and hold the rest.
I think I'll be a holder until my daughter graduates HS in 2030 (and then hopefully the wife and I will blow all of this fun money). However, I do need to think about an earlier exit strategy. If the account hits X dollars or Y returns, just cash in an enjoy. This level will be very high, but I probably should develop a plan, just in case.
I flipped almost all of my Nikola stock in the 70's. I also got caught asleep at the wheel with Hylion. Missed my opp to sell at $50. My question was more based on Lucid as a company. I havent gotten the chance to dig in to them as a company.
I took a lottery ticket on the CCIV warrant based on Michael Kleins history w SPACS. I was torn between 3 warrants. I put $ into CCIVW and ERESW. The other one I was considering was Chamath's latest that announced w Sofi. Oh well.
Lucid is making a lot of bold claims about their tech without any of their products on the road. Their marketing does smell a little Nikola-ish. Their 1 hour reveal of the Lucid Air was over the top, and in the recent "interview" w/ cnbc, it didn't look like the reporter was even in the factory. Time for them to put up.
God!
Seriously, I have no idea, but I have a ton of TSLA via funds, so they are the best.
Solid state batteries are more energy dense than any current lithium ion. However, what's the cost/KW? How are they planning on scaling production? These are the 2 big bugaboos that have plagued solid state batteries for decades. Solid state isn't new.
Maybe they're truly onto something. Or, maybe they're the next Nikola Motors trying to cash in on the EV revolution.
Finally, a SPAC we can all get behind...
https://thestonkmarket.com/elon-mus...itcoin-martin-shkrelis-involvement-confirmed/
https://thestonkmarket.com/elon-mus...itcoin-martin-shkrelis-involvement-confirmed/
Or they are the revolution that changes EV. This is the next FOMO stock. Cathie Woods will be pumping this stock in no time. Disruptive tech.
I think there's <1% chance CW moves on this. The gang at Ark does their homework. But, I agree with you about the FOMO crowd. Most don't know what a kilowatt is. That goes for a lot of Wall St analysts too.
#wow
I wonder how the miners will do today? They've had such a steep run-up in recent days.