As of today officially out of the stock market, buying BTC and PM,S

Discussion in 'Bullion Investing' started by mpcusa, Feb 24, 2022.

  1. -jeffB

    -jeffB Greshams LEO Supporter

    Ready to sell them and take some profit?
     
    rte and Nyatii like this.
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  3. chascat

    chascat Well-Known Member

    Should be buying stocks and sellinq PMs.
     
    baseball21 likes this.
  4. Nyatii

    Nyatii I like running w/scissors. Makes me feel dangerous

    I did sell some ammo. Made 3100%.
    And, I have more than some stores so I suppose I could let some more go. I could never use it all.
     
  5. Sidney Osborne

    Sidney Osborne Well-Known Member

    Lots of bit proxies..Mara...mstr...bitf..
     
  6. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    always good to stockpile ammo, you
    never know when you will need it.
     
    Nyatii likes this.
  7. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    stock portfolio was down over 20%
    theres just so much abuse you can
    take…LOL
     
    rte likes this.
  8. Mr Roots

    Mr Roots Underneath The Bridge

    Weak hand….lol
     
  9. Phil's Coins

    Phil's Coins Well-Known Member

    As a CFP told me, "BTC might be a solid investment, IF there was something backing it up!"
    I've looked at it and that is all that is going to happen, I will stick to Gold & Silver.
    Semper Fi
     
    daniel a DiBiasio likes this.
  10. Paddy54

    Paddy54 Well-Known Member

    On a bad day a wire brush works wonders ;)
     
    Cliff Reuter likes this.
  11. Jedinited

    Jedinited Jayhawk Numismatist

    All markets are going to be a wild ride for the indefinite future. The stock market has been propped up and over bought for years. The government only has so many fingers to plug in the dike...artificially low interest rates, quantitative easing, printing money, etc...accumulation of unsustainable debt. Wholly new territory.

    What I do know is that NO ONE KNOWS what the future will bring. The world has not been in this spot, politically and economically, since WW II. Putin is a dangerous, murderous thug that is unpredictable. It's impossible to say what he might do. Then throw in China and North Korea. Not too mention the problems we have right here at home.

    My opinion is that diversification of investments is the safest and most prudent route. Picking just one or two types of investments carries more risk than someone that invests in real estate, stock market, PMs, cash, other valuable collectibles, etc...even a little bitcoin. Although I have always thought it would end up as Zero, I bought some and made enough profit to sell and have some left with house money. You just never know.
     
  12. -jeffB

    -jeffB Greshams LEO Supporter

    That is what I hear a lot of people call it.
     
  13. Hamilcar Barca

    Hamilcar Barca Well-Known Member

    That makes two of us.
     
    Santinidollar likes this.
  14. Hiwatt

    Hiwatt Coffee break

    This is why I can't day trade.
    Headline the very next day (today) on CNBC:
    Dow rallies about 600 points, heads for its best day of 2022
     
    Last edited: Feb 25, 2022
  15. -jeffB

    -jeffB Greshams LEO Supporter

    I sold no stocks yesterday or today. Just sayin'.
     
    Hiwatt likes this.
  16. kSigSteve

    kSigSteve Active Member

    Buying companies you had high conviction for at lower prices. Yes; I’ll keep some cash on the sidelines and will scoop up these tasty dips.

    Knowing how to scale in and out of positions and when is critical now.

    TQQQ was a great play yesterday with the high volatility.

    I think we still have a lot more downside to see and I stick to my opinion of BTC going down to test a key level of support and a psychological level of $30k.
     
    Last edited: Feb 25, 2022
  17. CoinCorgi

    CoinCorgi Tell your dog I said hi!

    I bet that the stock market goes up until it doesn't go up anymore.

    Any takers?
     
    Hamilcar Barca and kSigSteve like this.
  18. Cheech9712

    Cheech9712 Every thing is a guess

    You still got to pay attention here. Let us know how you make out. And @CoinCorgi that was funny
     
  19. Cheech9712

    Cheech9712 Every thing is a guess

    Is silver a more useful then gold? Does silver’s uses out number golds uses. Other then like outer space stuff when you need the best. Which is more useful? NONE MONEY WISE
     
  20. Gam3rBlake

    Gam3rBlake Well-Known Member

    Yes. Yes it is more useful than gold.

    Not just for outer space stuff but for many things from solar power to water filtration.

    The problem is most of the gold used in industry is recycled and reused but most of the silver is not because it’s not economical to recycle silver in most cases.
     
    MIGuy likes this.
  21. Nyatii

    Nyatii I like running w/scissors. Makes me feel dangerous

    It doesn't hurt to buy a little extra food and such at the store each time you shop as it looks like it will keep going up, at least for the near future, so you may save a few dollars in that it will cost you more to buy it later.
    And, my old favorite - ammo.
     
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