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2017 Saving and Investment Thread

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Re: 2017 Saving and Investment Thread

Postby LANDM » Feb 6th, 2018, 12:08 pm

forum wrote:When housing markets crash and correct, they tend to over correct.

Remember I said that too.

Great buying opportunity right now in the Crypto market.


Do you read what you say?

Yes, that’s why they generally go higher over time.

And, my Captain Obvious prediction for today is that we will soon enter into a year where the digits all add up to twelve yet, when you sequentially subtract them, you get -8.

I don’t know how soon but probably this will happen within a year.

Remember I said that.

And, within a few hours, darkness will descend on the land.
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Re: 2017 Saving and Investment Thread

Postby normaM » Feb 6th, 2018, 1:01 pm

I need a Sugar Granddaddy - reckon one of you high rollers must know a few.
It was time for the market to correct, two straight years it had to.. the panic selling usually those who have $4.99in Bitcoins too.
I should prolly start a" spending and praying for the best" thread
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Re: 2017 Saving and Investment Thread

Postby alanjh595 » Feb 6th, 2018, 2:09 pm

Well, everything that was lost yesterday was gained back today plus more.
TORONTO (Reuters) - Canada's main stock index closed higher on Tuesday, reversing earlier falls as it followed a similar turnaround on Wall Street and benefited from gains among energy and industrial stocks.

At 4:25 p.m. (2125 GMT), the Toronto Stock Exchange's S&P/TSX composite index rose 29.12 points, or 0.19 percent, to 15,363.93.

https://ca.finance.yahoo.com/news/tsx-s ... 01811.html

Yet Bitcoin is still down.
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Re: 2017 Saving and Investment Thread

Postby GoStumpy » Feb 6th, 2018, 6:01 pm

alanjh595 wrote:Well, everything that was lost yesterday was gained back today plus more.
TORONTO (Reuters) - Canada's main stock index closed higher on Tuesday, reversing earlier falls as it followed a similar turnaround on Wall Street and benefited from gains among energy and industrial stocks.

At 4:25 p.m. (2125 GMT), the Toronto Stock Exchange's S&P/TSX composite index rose 29.12 points, or 0.19 percent, to 15,363.93.

https://ca.finance.yahoo.com/news/tsx-s ... 01811.html

Yet Bitcoin is still down.
The attachment Capture.JPG is no longer available


You sure do read what you want to, don't ya?
DOW:
DOW.png

S&P 500:
SP500.png

Bitcoin:
bitcoin.png


I think Bitcoin recovered more than they did, don't you agree?
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Re: 2017 Saving and Investment Thread

Postby Even Steven » Feb 6th, 2018, 7:45 pm

GoStumpy wrote:DOW:
DOW.png

S&P 500:
SP500.png

Bitcoin:
bitcoin.png


I think Bitcoin recovered more than they did, don't you agree?


Yes, but at the same time, Bitcoin lost a whole lot more.

While displaying graphs side by side does make it somewhat easy to compare, you've to notice that graphs have completely different values on the vertical axis. Bitcoin dropped from 10K to 6K - that's a drop of 40%. Dow and S&P at the same time dropped around 7%. They did recover slightly - probably 1-2 percent, while bitcoin recovered way more - like around 30% from the lowest point. But bitcoin drop at the same time was much more severe and has lots of room until it grows to the original high of 10K. And for DOW and S&P we're talking about single digits gains needed for full recovery.
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Re: 2017 Saving and Investment Thread

Postby forum » Feb 6th, 2018, 8:52 pm

Cryptocurrency market dives = People scratch the lambo of their list, and wait another year to buy.

DOW market dives = People cancel lavish retirement plans.

Housing market dives = People eat squirrel soup to make mortgage payments and tell everyone around them that everything is fine.
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Re: 2017 Saving and Investment Thread

Postby alanjh595 » Feb 6th, 2018, 9:05 pm

AND look at the percentages. Bitcoin down over 60%. Other markets are down 4% each.

$10,000 - 60% = net loss of %6,000

$10,000 - 4% = net loss of $400.

Big difference.
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Re: 2017 Saving and Investment Thread

Postby LANDM » Feb 7th, 2018, 6:52 am

forum wrote:Cryptocurrency market dives = People scratch the lambo of their list, and wait another year to buy.

DOW market dives = People cancel lavish retirement plans.

Housing market dives = People eat squirrel soup to make mortgage payments and tell everyone around them that everything is fine.


And yet you only have experience with the first situation on the list.

You have zero experience with the other two.

However, you missed:
Interest rates dive = Forum has to stay in mom’s basement for another few years since a 0.75% savings account is his primary investment vehicle. A "war chest" to "keep his powder dry" for the day he buys the lambo. [icon_lol2.gif]
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Re: 2017 Saving and Investment Thread

Postby Bman » Feb 7th, 2018, 6:56 am

Millenials.
Running around like they rent the place.
Is the world getting stupider, or is it just getting easier for stupid people to have their thoughts heard?

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Re: 2017 Saving and Investment Thread

Postby forum » Feb 7th, 2018, 7:12 am

Bman wrote:Millenials.
Running around like they rent the place.


Not exactly...

http://www.businessinsider.com/eddy-zillan-ohio-savings-cryptocurrency-millionaire-2018-2
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Re: 2017 Saving and Investment Thread

Postby GoStumpy » Feb 7th, 2018, 9:24 am

alanjh595 wrote:AND look at the percentages. Bitcoin down over 60%. Other markets are down 4% each.

$10,000 - 60% = net loss of %6,000

$10,000 - 4% = net loss of $400.

Big difference.


Did the other markets go up 5000+% last year?

How about market caps? How much $$$ was lost in that 4% vs Bitcoin's ~60% dip?

Two completely different animals
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Re: 2017 Saving and Investment Thread

Postby GoStumpy » Feb 7th, 2018, 9:32 am

Bitcoin is up 18% today... has there been a day in history that the DOW or S&P500 has been up 18% in one day?

It's a Risk VS Reward scenario.

Is the reward worth the risk?

The reward can be huge. The risk can be huge too....
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Re: 2017 Saving and Investment Thread

Postby GoStumpy » Feb 7th, 2018, 10:11 am

alanjh595 wrote:AND look at the percentages. Bitcoin down over 60%. Other markets are down 4% each.

$10,000 - 60% = net loss of %6,000

$10,000 - 4% = net loss of $400.

Big difference.



S&P 500 market cap is somewhere around 19 Trillion... so 4% of that is a loss of 740 Billion

Bitcoin at maximum had a market cap of 334billion.. so a 60% loss of that is 200 Billion

Big Difference.
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Re: 2017 Saving and Investment Thread

Postby Verum » Feb 7th, 2018, 2:20 pm

"Never argue with stupid people, they will drag you down to their level and then beat you with experience." Explains why so few people reply to me, and why I might not reply
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Re: 2017 Saving and Investment Thread

Postby normaM » Feb 7th, 2018, 5:29 pm

ok, so we'll all be living in cardboard boxes in the gutter and walking everywhere.
I'm shocked some people don't drive to their garage. Auto industry would Goven bail outs anyways.
Meanwhile my Muttmobile gets me from point a to point b
But damn I'd relish new a new ride. Are you listening Forum? You my fav, I'd like a Stinger pls. Grey. TIA
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