Bitcoin, and other tulips


#886

Golly gosh, Ripple.


#887

When prices are declining:

  • The momentum investor thinks about selling.
  • The value investor thinks about buying.

Whichever one you are, at least try to be systematic about it.


#888

When there’s something actually tangible about the investment, … yes.

As a wise old man said to me in my teens, … “Buy Land Son, … they’re not making anymore of it”

(It pays to be happy to wear L plates and listen to your wiser experienced elders.)


#889

Did anything happen?


#890

Cash out and buy AFLx before it’s too late!


#891

Well not that anyone can predict prices to a tea , but damn im betting no one saw it dropping as much as it did.
But this morning almostback to yeaterdays high.

If you brought at its lowest last night , you could havr made almost 500 dollers per coin. Insane.


#892

All your super in land? All your assets in gold and livestock?

Markets - almost every market - is more or less based on monopoly money.


#893

Kind of…


#894

Well under 7K USD now.

Anyone going to jump back in?


#895

Not bitcoin but VEN and ripple.


#896

So Bitcoin has gone from over $19,000 to now just over $7,000 in 3 months. Wouldn’t touch it with any sort of stick. Etherum has dropped over $600 in a month. Good luck buying in that sh*t.


#897

Ripple? Really?


#898

Could be worse. I’ve traded inverse volatility products (XIV, SVXY) in the past, fortunately not last night…because they may have just declined by 100%. Death. Now that is a bad day!


#899

Bitcoin is $6.5k and still dropping


#900

Sharemarket is crashing too though. Two of my shares are less than what I paid for now.


#901

I may be the only one interested in volatility products, but I found this hilarious:


#902


#903

Meant to copy the whole tweet. That is 12 months in the life os the stock market. It has been a rough little period but all in all, not much to complain about.


#904

Wasnt this forecast last week because of the current gov bond market?


#905

Did you buy them last week?

Share market has performed well above its average for the last year. A small down turn or correction should be expected. It’s nothing.