48451
47543

2017 Saving and Investment Thread

The forum's Skid Road. DO NOT ENTER unless you're ready for a squabble.

Re: 2017 Saving and Investment Thread

Postby slootman » Aug 9th, 2017, 8:44 am

Bnoel wrote:Based on nothing but speculation. Always buy earnings, not ideas in an industry with zero barriers to entry.

Cryptocurrencie are decades away from widespread adoption.
[url]
https://hbr.org/2017/01/the-truth-about-blockchain[/url]


I raised this many pages ago and didn't get a response. Without being able to determine a target value of a currency, expecting it to go up in price is 100% speculation. That's fine as long as one understands its a gamble buy (which I'm not sure has been acknowledged by some proponents here). Some folks buy lotto tickets to try and get rich, some buy penny stocks, some buy bitcoins.

Could bitcoin end up being worth 100k? Maybe. Could it also end up being worth $6? Maybe.
slootman
Übergod
 
Posts: 1745
Likes: 931 posts
Liked in: 1355 posts
Joined: Jul 11th, 2007, 11:37 am

Re: 2017 Saving and Investment Thread

Postby Jonrox » Aug 9th, 2017, 11:36 am

forum wrote:Ethereum is at $295. So who else has almost doubled their money since I suggested loading up @ $150?

To be fair, you could also ask "who else lost over $100 per coin since I suggested loading up @ over $400?".

2 people like this post.
Jonrox
Lord of the Board
 
Posts: 3092
Likes: 280 posts
Liked in: 1563 posts
Joined: Apr 14th, 2010, 1:09 pm

Re: 2017 Saving and Investment Thread

Postby forum » Aug 9th, 2017, 8:21 pm

Jonrox wrote:
forum wrote:Ethereum is at $295. So who else has almost doubled their money since I suggested loading up @ $150?

To be fair, you could also ask "who else lost over $100 per coin since I suggested loading up @ over $400?".


I'm Holding the coins I bought for $400. But I am about to take a profit from the lower priced ones.

ETHEREUM IS CODING'S NEW WILD WEST


https://www.wired.com/story/ethereum-is-codings-new-wild-west/

Like I said from the beginning...for cowboys only.

This system is called the Ethereum Virtual Machine (EVM), or colloquially, the “world computer.” Code is run publicly, but users are pseudonymous. It’s like Amazon Web Services, except instead of Amazon as the seller and users as the buyer, users can play either role. No individual controls the system. That makes Ethereum something genuinely new—something unprecedented.
User avatar
forum
Lord of the Board
 
Posts: 4937
Likes: 816 posts
Liked in: 1095 posts
Joined: May 10th, 2011, 8:08 pm

Re: 2017 Saving and Investment Thread

Postby Bnoel » Aug 10th, 2017, 2:24 am

Meet ‘Spoofy’. How a Single entity dominates the price of Bitcoin.
[url]
https://hackernoon.com/meet-spoofy-how- ... c711d28eb4[/url]
Bnoel
Fledgling
 
Posts: 187
Likes: 23 posts
Liked in: 44 posts
Joined: Jul 1st, 2017, 4:57 am

Re: 2017 Saving and Investment Thread

Postby LANDM » Aug 10th, 2017, 5:46 am

forum wrote:
I'm Holding the coins I bought for $400. But I am about to take a profit from the lower priced ones.



It doesn't work that way. Although I'm sure that CRA would laugh their heinies off if they actually saw someone do this on their taxes. [icon_lol2.gif]

Bman likes this post.
LANDM
Guru
 
Posts: 5185
Likes: 1178 posts
Liked in: 2437 posts
Joined: Sep 18th, 2009, 10:58 am

Re: 2017 Saving and Investment Thread

Postby Bnoel » Aug 10th, 2017, 6:51 am

It's based on averages.
Bnoel
Fledgling
 
Posts: 187
Likes: 23 posts
Liked in: 44 posts
Joined: Jul 1st, 2017, 4:57 am

Re: 2017 Saving and Investment Thread

Postby Veovis » Aug 10th, 2017, 4:52 pm

https://en.wikipedia.org/wiki/Adjusted_cost_base

Day one of learning, and a very easy concept, foreign to such a savvy investor such as Forum leaves me so surprised.

lightspeed likes this post.
Veovis
Guru
 
Posts: 5253
Likes: 645 posts
Liked in: 3168 posts
Joined: Apr 19th, 2007, 2:11 pm

Re: 2017 Saving and Investment Thread

Postby forum » Aug 11th, 2017, 8:30 am

Image
User avatar
forum
Lord of the Board
 
Posts: 4937
Likes: 816 posts
Liked in: 1095 posts
Joined: May 10th, 2011, 8:08 pm

Re: 2017 Saving and Investment Thread

Postby forum » Aug 11th, 2017, 8:34 am

How I feel after the dip to $150 I predicted and the massive bull run back up to $300...

Image
User avatar
forum
Lord of the Board
 
Posts: 4937
Likes: 816 posts
Liked in: 1095 posts
Joined: May 10th, 2011, 8:08 pm

Re: 2017 Saving and Investment Thread

Postby Hassel99 » Aug 11th, 2017, 9:12 am

forum wrote:How I feel after the dip to $150 I predicted and the massive bull run back up to $300...

Image




You feel like a Schizophrenic ?



Checks out.

2 people like this post.
User avatar
Hassel99
Lord of the Board
 
Posts: 3117
Likes: 866 posts
Liked in: 2514 posts
Joined: Aug 23rd, 2012, 8:31 am

Re: 2017 Saving and Investment Thread

Postby forum » Aug 11th, 2017, 7:07 pm

Weekends are great. People get paid and invest into cryptocurrencies. Nice little bump
User avatar
forum
Lord of the Board
 
Posts: 4937
Likes: 816 posts
Liked in: 1095 posts
Joined: May 10th, 2011, 8:08 pm

Re: 2017 Saving and Investment Thread

Postby forum » Aug 12th, 2017, 6:31 pm

Time to double down on Eth.

Microsoft Goes Ethereum: $561 Bln US Company Releases Ethereum-Based Protocol ‘Coco’


https://cointelegraph.com/news/microsoft-goes-ethereum-561-bln-us-company-releases-ethereum-based-protocol-coco
User avatar
forum
Lord of the Board
 
Posts: 4937
Likes: 816 posts
Liked in: 1095 posts
Joined: May 10th, 2011, 8:08 pm

Re: 2017 Saving and Investment Thread

Postby Bnoel » Aug 13th, 2017, 2:57 am

Why wouldn't you buy Microsoft stock instead?
Bnoel
Fledgling
 
Posts: 187
Likes: 23 posts
Liked in: 44 posts
Joined: Jul 1st, 2017, 4:57 am

Re: 2017 Saving and Investment Thread

Postby forum » Aug 13th, 2017, 6:26 am

Bnoel wrote:Why wouldn't you buy Microsoft stock instead?


Why wouldn't I buy both?
User avatar
forum
Lord of the Board
 
Posts: 4937
Likes: 816 posts
Liked in: 1095 posts
Joined: May 10th, 2011, 8:08 pm

Re: 2017 Saving and Investment Thread

Postby forum » Aug 13th, 2017, 8:00 am

Man, look at Bitcoin go!

A single bitcoin is $5,000 CAD.

Who's coming to the moon with me? :smt045
User avatar
forum
Lord of the Board
 
Posts: 4937
Likes: 816 posts
Liked in: 1095 posts
Joined: May 10th, 2011, 8:08 pm

PreviousNext

Return to Bickering Room

Who is online

Users browsing this forum: No registered users and 4 guests