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

    ...for BTC, but not for equities?
    ...for equities, but volatility in BTC is great?
     
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  3. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Not sure your understanding what I am
    trying to say, BTC goes up and down
    like the wind, though very volatile
    at times big swings 2k - 3k can literally
    happen in minutes, that’s where you
    make your money :)

    As far as stocks go, let the graph speak
    for itself.
     
  4. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

  5. Mr Roots

    Mr Roots Underneath The Bridge

    Still 3000 points higher than in the beginning of 2021
     
  6. GoldFinger1969

    GoldFinger1969 Well-Known Member

    The thing is, BitCoin is followed by folks with speed-of-light connections to the exchanges and supercomputers tracking every move.

    NO WAY we can match that. No way.

    But a rising market in stocks can make you $$$ even if you buy right at a temporary peak.
     
  7. desertgem

    desertgem Senior Errer Collecktor Supporter

    It is easy to have speed-of-light transactions when the subject is strictly imaginary with no substance itself, with value determined only by the individuals commiting to " The greater Fool Theory" ~ I have a magic bean for trade for only 1 ounce of silver!
    Jim
     
  8. Mr Roots

    Mr Roots Underneath The Bridge

    When stocks go down right before the dividend is payed it allows you to get more shares with the dividend if you use a DRIP….but I’m guessing Mpussa doesn’t buy individual stocks.
     
  9. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    If it makes me money, I am all for it !
    when it comes down to it that’s the
    bottom line, beyond anything else :)
     
  10. rte

    rte Well-Known Member

    Ouch, I'll just leave this here.
    Screenshot_20220304-152720_Google.jpg
    Screenshot_20220304-153114_Google.jpg
     
  11. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Nothing wrong with this at all, investing
    101, buy low sell high works for BTC
    as well $3,787 spread my kind of numbers :)
     
  12. Mr Roots

    Mr Roots Underneath The Bridge

    Some people just can’t lose……….in their own head.
     
    Stonedywankanobe likes this.
  13. FryDaddyJr

    FryDaddyJr Junior Member

    dumb people are buying PM right now. smart people are buying the market.
    I would still buy Kroger and it's made me a bunch of money
     
  14. desertgem

    desertgem Senior Errer Collecktor Supporter

    The whole game is who gets out in the first wave with their "faster-than-life" conversions first. It will not be the non corporation entities and individual investors. The Motley Fool and other stock recommendation Groups are working hard and furious to cheer hard for them as they want the business, just look over the ads. Like trying to say buying Raffle tickets hoping for the Nest Egg. Few do. But that doesn't stop most people because they are certain they can work it so they do win. Not for me! IMO, YMMV, etc. Jim
     
  15. rte

    rte Well-Known Member

    I figured you'd jump in with both feet.
    I'm making mine the old fashioned way
    :p
    Resized_20220304_103443_2374425019038.jpeg
    and this covers the prime rib buffet for 2 tonight at the Q
    20220304_165745.jpg
     
    Last edited: Mar 4, 2022
    mpcusa likes this.
  16. rte

    rte Well-Known Member

    Hmmm, I bought an ounce of physical at $30...dumb you say?
    Sold it at $40...whohoo 25% ROI.
     
  17. Mr Roots

    Mr Roots Underneath The Bridge

    Don’t spend your $10 profit all in one place…..If you can do that on a scale 1000x larger that’s a different story.
     
  18. -jeffB

    -jeffB Greshams LEO Supporter

    Stock market drops 1%: "boy I'm glad I sold all my stocks"

    BTC drops 9%: "boy I'm glad I'm holding BTC, gonna buy more!"

    I don't think it's the rest of us who are having a problem with understanding.
     
    Stonedywankanobe likes this.
  19. rte

    rte Well-Known Member

    That extra $10 knocks down the cost of the others that I got in the 20 piece lot.
    I've got 2 more spoken for at the next coin club meeting.
    Yeah that's the rub, more people out there willing to spend an extra $10 on something they like.
    1000x not so much.
     
    Last edited: Mar 4, 2022
  20. rte

    rte Well-Known Member

    :D jeffB you keel's me:p
     
    Last edited: Mar 4, 2022
  21. masterswimmer

    masterswimmer A Caretaker, can't take it with me

    FYI, that's 33.333% ROI. ;)

    You made $10 on a $30 investment.
     
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