[ ]   [ ]   [ ]                        [ ]      [ ]   [ ]

Bear! - oldviolin - Sep 23, 2021 - 9:27am
 
volcano! - dischuckin - Sep 23, 2021 - 9:18am
 
Counting with Pictures - oldviolin - Sep 23, 2021 - 9:06am
 
Name My Band - oldviolin - Sep 23, 2021 - 9:04am
 
Photography Forum - Your Own Photos - oldviolin - Sep 23, 2021 - 9:01am
 
COVID-19 - westslope - Sep 23, 2021 - 8:24am
 
Derplahoma! - Red_Dragon - Sep 23, 2021 - 7:52am
 
Got a good recipe you care to share ??? - sunybuny - Sep 23, 2021 - 5:20am
 
Radio Paradise Comments - sunybuny - Sep 23, 2021 - 5:19am
 
Poetry Forum - rhahl - Sep 23, 2021 - 4:11am
 
Stream breaking every few seconds - bufes - Sep 23, 2021 - 1:30am
 
Military Matters - Red_Dragon - Sep 22, 2021 - 4:37pm
 
Think About It - miamizsun - Sep 22, 2021 - 3:09pm
 
Google Assistant not streaming RP Main Mix - temexter - Sep 22, 2021 - 3:08pm
 
Interesting or Weird Cover Versions - miamizsun - Sep 22, 2021 - 2:07pm
 
Australia has Disappeared - haresfur - Sep 22, 2021 - 2:05pm
 
Music documentaries - oldviolin - Sep 22, 2021 - 1:06pm
 
The Obituary Page - westslope - Sep 22, 2021 - 12:39pm
 
Baseball, anyone? - ScottFromWyoming - Sep 22, 2021 - 9:58am
 
Climate Change - westslope - Sep 22, 2021 - 8:27am
 
Way Cool Video - Red_Dragon - Sep 22, 2021 - 7:06am
 
Strange signs, marquees, billboards, etc. - Proclivities - Sep 22, 2021 - 5:58am
 
Radio Paradise NFL Pick'em Group - sunybuny - Sep 22, 2021 - 4:49am
 
Trump - westslope - Sep 21, 2021 - 10:03pm
 
• • • The Once-a-Day • • •  - Manbird - Sep 21, 2021 - 9:12pm
 
New Music - oppositelock - Sep 21, 2021 - 7:15pm
 
2020 Elections - R_P - Sep 21, 2021 - 7:09pm
 
All Dogs Go To Heaven - Dog Pix - miamizsun - Sep 21, 2021 - 6:01pm
 
RightWingNutZ - Red_Dragon - Sep 21, 2021 - 3:24pm
 
Sunrise, Sunset - oldviolin - Sep 21, 2021 - 1:58pm
 
If not RP, what are you listening to right now? - rgio - Sep 21, 2021 - 12:50pm
 
The war on funk is over! - Ohmsen - Sep 21, 2021 - 10:39am
 
Pernicious Pious Proclivities Particularized Prodigiously - R_P - Sep 21, 2021 - 10:33am
 
Crazy? Quiz - KurtfromLaQuinta - Sep 21, 2021 - 10:25am
 
BACK TO THE 80's - Ohmsen - Sep 21, 2021 - 9:11am
 
Marijuana: Baked News. - Ohmsen - Sep 21, 2021 - 8:37am
 
Make Scott laugh - Ohmsen - Sep 21, 2021 - 8:11am
 
Putin Owns Trump - Red_Dragon - Sep 21, 2021 - 5:01am
 
International Day of Peace - miamizsun - Sep 21, 2021 - 4:21am
 
Museum Of Bad Album Covers - yuel - Sep 21, 2021 - 3:05am
 
Things You Thought Today - haresfur - Sep 21, 2021 - 12:35am
 
What the hell OV? - oldviolin - Sep 20, 2021 - 9:42pm
 
That's good advice - oldviolin - Sep 20, 2021 - 8:49pm
 
Breaking News - Red_Dragon - Sep 20, 2021 - 7:52pm
 
Hello from France - westslope - Sep 20, 2021 - 6:45pm
 
Immigration - R_P - Sep 20, 2021 - 2:08pm
 
Bug Reports & Feature Requests - ScottFromWyoming - Sep 20, 2021 - 10:17am
 
Play the Blues - miamizsun - Sep 20, 2021 - 9:29am
 
What is the meaning of this? - oldviolin - Sep 20, 2021 - 8:58am
 
Philosophy (Meaty Metaphysical Munchables!) - sirdroseph - Sep 20, 2021 - 5:19am
 
The Future is here! - sirdroseph - Sep 20, 2021 - 4:42am
 
Taxes, Taxes, Taxes (and Taxes) - R_P - Sep 19, 2021 - 4:05pm
 
Crazy conspiracy theories - Ohmsen - Sep 19, 2021 - 2:11pm
 
Photos you have taken of yourself - Antigone - Sep 19, 2021 - 1:52pm
 
HALF A WORLD - oldviolin - Sep 19, 2021 - 11:43am
 
Recommended documentaries - Ohmsen - Sep 19, 2021 - 11:37am
 
What The Hell Buddy? - oldviolin - Sep 19, 2021 - 10:29am
 
What are you doing RIGHT NOW? - miamizsun - Sep 19, 2021 - 6:40am
 
-PUNS- Fast Food - haresfur - Sep 18, 2021 - 11:03pm
 
You heard it here first - rhahl - Sep 18, 2021 - 9:29pm
 
As California Goes, So Goes The Rest Of The Country - haresfur - Sep 18, 2021 - 5:45pm
 
Graphic designers, ho's! - Proclivities - Sep 18, 2021 - 10:11am
 
what the hell, miamizsun? - oldviolin - Sep 18, 2021 - 8:59am
 
Today in History - Red_Dragon - Sep 18, 2021 - 8:16am
 
NASA & other news from space - miamizsun - Sep 18, 2021 - 8:02am
 
Mixtape Culture Club - miamizsun - Sep 18, 2021 - 7:38am
 
The Best Commercials - miamizsun - Sep 17, 2021 - 3:07pm
 
Terrorist Watch! - Red_Dragon - Sep 17, 2021 - 5:37am
 
SFW & Gluttony Pants - miamizsun - Sep 17, 2021 - 4:50am
 
Joe Biden - Red_Dragon - Sep 16, 2021 - 11:54am
 
The Dragons' Roost - GeneP59 - Sep 16, 2021 - 9:59am
 
Spambags on RP - Steely_D - Sep 16, 2021 - 3:36am
 
Are you ready for some football? - Red_Dragon - Sep 15, 2021 - 4:18pm
 
Star Trek - miamizsun - Sep 15, 2021 - 3:07pm
 
COVID and China's Influence - coding_to_music - Sep 15, 2021 - 12:43pm
 
Index » Radio Paradise/General » General Discussion » Bitcoin Page: 1, 2, 3, 4, 5, 6  Next
Post to this Topic
kurtster

kurtster Avatar

Location: where fear is not a virtue
Gender: Male


Posted: Jul 13, 2021 - 8:43pm

 islander wrote:
 

So, are you still in?

My Sundial Growers play is probably going to sell out at a loss today. My Enphase and SunRun speculation is doing well.  I still really like this space and am now looking to some other connected pieces. I think that energy storage and infrastructure systems still have a lot of potential. Several of the flywheel energy companies look good. I'm going to pick up some ABB, I'm still looking for a good company that is making a flywheel energy storage system.
 
Yeah, I'm still in.  It got back up to purchase price once already.  I'm just gonna see if it starts cycling within a certain range for awhile.  May buy this dip and try and get a bit of a gain and sell that part on the rise.  If it makes it down to $1700 and I'm by the puter, I'll probably bite.  That could be as soon as the morning.  Life has been real complicated these past couple of months with lot's of medical stuff going on, so I'm being cautious and patient right now.  Haven't been paying enough attention to related things.  Not a good time for decision making right now.

Edit:  Did some catching up and it seems that inflation worries are driving things down at the moment.  Also concern as to whether or not the Fed will do anymore quantitative easing.  More is good for crypto.  Currently the Fed has about $8 Trillion on its balance sheet.  Adding more would cause inflation.
westslope

westslope Avatar

Location: BC sage brush steppe


Posted: Jul 13, 2021 - 3:06pm

 islander wrote:

.......

Looking for 25% on speculative investments and you call me the 1%!  Good luck. I'm sure with your knack for buying at the lows you'll be rolling in it soon.


I had to laugh when I read this.  25% on a speculative investment is rather tame (but probably a realistic, relatively safe goal).  

kurtster:  You would know that islander was a 1%er if he bragged about making a modest compound annual rate of return below the rate of return on the S&P500, and in passing, casually mentioned his cattle ranch in Idaho or the upland game preserve he visits annually in Argentina. 

Unless islander was a precious metals specialist like Eric Sprott or risk-loving mining entrepreneur like Robert Friedland.  If that was the case, he would be too busy to hand out free advice on RP.

——————————————————-

Investment story:  My wife worked for a long time with a linguistics professor in an Eastern Canadian university.  She would buy shares in a company and then sell them after it made a 20% gain.   No exceptions.   I do not know any relevant details but would guess that her portfolio out-performed most self-directed portfolios in Canada.    Her strategy was so unorthodox and simple, that only an economist could appreciate it.  

Other than their love of passive investing (e.g., ETFs), what is the one thing that economists emphasize in this world that others should heed?   Costs matter.   The time spent researching matters.  The time spent checking in matters.  The time spent fretting matters hugely.  

islander

islander Avatar

Location: Seattle
Gender: Male


Posted: Jul 13, 2021 - 5:54am

 kurtster wrote:


So you can play along, since you seem to be so interested.  
In on May 24  Exchange rate $2,419.42 USD = 1 Ethereum (ETH)

Current price:  CLICKY   $2793.02 or roughly 10%

Current PP sell price:

$2,776.63 USD = 1 ETH  with a $2790.02 market price

I am currently looking to see what the new range is likely to be going forward.  If I get up 25% ( $31-3200 ?) I might cash out and wait to go back in on a dip.  But that is dependent on if it starts cycling.  There is also the risk of getting out and getting left behind.  There may not be another dip or one that matters for a very long time.



So, are you still in?

My Sundial Growers play is probably going to sell out at a loss today. My Enphase and SunRun speculation is doing well.  I still really like this space and am now looking to some other connected pieces. I think that energy storage and infrastructure systems still have a lot of potential. Several of the flywheel energy companies look good. I'm going to pick up some ABB, I'm still looking for a good company that is making a flywheel energy storage system.
islander

islander Avatar

Location: Seattle
Gender: Male


Posted: Jun 25, 2021 - 6:36am

 islander wrote:



I'm sure you schooled the paypal guys and have set them straight. But if you want to be taken seriously in most investment groups you talk about your trades in real time. You don't need to tell us how much you are putting in, but it adds a lot more legitimacy if you say "today I bought, and here's my targets", instead of "I bought last week when it was low and sold today".  My speculation fund is about $1k. I'm moving some of it around. Here is what I have planned:  I have a buy order for SNDL at $1 that I hope fills tomorrow.  I'm also looking at moving some into Enphase and Sunrun. for Sundial I'm looking to sell out on an upswing at about $1.2, and Enphase and Sunrun I'll probably sell when I get a 10% return or so - depending on the volatility that goes with the solar guys I may change that target a little bit. 



My SNDL order never filled because it stayed too high. I got around to looking at it yesterday and I missed the low, but it's at my original target, so I bought in at $1.  Not expecting much, but stop loss is at $.85 and sell is at $1.2.  I think I'm going longer on Enphase, but I took a little profit on Sunrun and moved it to First Solar. First is the same basic segment, but astronger company and is trading at a pretty good discount right now.  While looking around I went back to check Sunpower and found a P/E under 13. That was almost enough to get me in, but the rest of their fundamentals are messy. 
kurtster

kurtster Avatar

Location: where fear is not a virtue
Gender: Male


Posted: Jun 8, 2021 - 7:14pm

 rgio wrote:

It could be stolen before.  There were cases that included "fake" wallets and other infrastructure plots...but the idea that a government could unlock a wallet seemed unlikely.

If they can track the wallet, what else can they see?  I would guess the US has been hiding this ability for a while and decided to try and scare off some of the bandits by letting them consider what the US might be able to see.  If governments can track bitcoin, a lot of the underworld / dark web utility disappears.



I find this ability, if indeed it is a real one, good for crypto actually.  It will help to keep the riff raff more out of the picture.
rgio

rgio Avatar

Location: West Jersey
Gender: Male


Posted: Jun 8, 2021 - 6:22pm

 haresfur wrote:


More to the point, it not only can be tracked, it can be stolen, right?

It could be stolen before.  There were cases that included "fake" wallets and other infrastructure plots...but the idea that a government could unlock a wallet seemed unlikely.

If they can track the wallet, what else can they see?  I would guess the US has been hiding this ability for a while and decided to try and scare off some of the bandits by letting them consider what the US might be able to see.  If governments can track bitcoin, a lot of the underworld / dark web utility disappears.

haresfur

haresfur Avatar

Location: The Golden Triangle
Gender: Male


Posted: Jun 8, 2021 - 3:37pm

 rgio wrote:

Hmmmm....?



That can't be good for business.  If the crooks now have to worry that the government can track it, the value would have to plummet...wouldn't it?  


More to the point, it not only can be tracked, it can be stolen, right?
rgio

rgio Avatar

Location: West Jersey
Gender: Male


Posted: Jun 8, 2021 - 11:31am

Hmmmm....?

WASHINGTON (Reuters) -The Justice Department on Monday recovered some $2.3 million in cryptocurrency ransom paid by Colonial Pipeline Co, cracking down on hackers who launched the most disruptive U.S. cyberattack on record.

Deputy Attorney General Lisa Monaco said investigators had seized 63.7 bitcoins, now valued at about $2.3 million, paid by Colonial after last month's hack of its systems that led to massive shortages at U.S. East Coast gas stations.

The Justice Department has "found and recaptured the majority" of the ransom paid by Colonial, Monaco said.

An affidavit filed on Monday said the FBI was in possession of a private key to unlock a bitcoin wallet that had received most of the funds. It was unclear how the FBI gained access to the key.


That can't be good for business.  If the crooks now have to worry that the government can track it, the value would have to plummet...wouldn't it?  
R_P

R_P Avatar



Posted: Jun 8, 2021 - 11:22am

“Bitcoin just seems like a scam,” he said, “I don’t like it because it’s another currency competing against the dollar. I want the dollar to be the currency of the world; that’s what I’ve always said.”

Trump’s comments drew scorn from far-right activists such as conspiracy theorist Laura Loomer and Ali Alexander, the leader of the so-called Stop the Steal movement. They each questioned the former president’s anti-Bitcoin stance and claimed that the real “scam” was Trump’s longstanding support for the COVID-19 vaccine.

“Since we are on the topic of scams, I’d say COVID vaccines are also a scam,” Loomer wrote on Telegram Monday. “The reality is Trump’s base is pro-cryptocurrency and anti-COVID vaccine.”

Alexander agreed with Loomer, adding that “Trump is so passionately pro his experimental vaccine and anti-Bitcoin yet his base is the opposite on both issues.”

“He has terrible advisors and needs to re-examine these issues of freedom,” Alexander wrote to his nearly 20,000 subscribers on Telegram. “Like dude… get over it. We the People choose freedom.”

islander

islander Avatar

Location: Seattle
Gender: Male


Posted: Jun 7, 2021 - 6:47am

 kurtster wrote:

I stand corrected.  Been awhile since I bothered to open a statement.  It is now on self adjusting.

Overview (Opened January 11, 2018 )
Total Invested $100.00
Total Earned -$7.14
Total Balance $92.86

Quarterly Statement Betterment October 1, 2019 - December 31, 2019
Betterment Securities, Broker-Dealer

Quarterly Summary
Beginning Balance (Sep 30, 2019) $88.37
Net Change $4.49
Ending Balance (Dec 31, 2019) $92.86

Beginning Balance (May 1 2021) $108.50
Deposits $0.00
Withdrawals1 -$0.02
Earnings $1.30
Ending Balance (May 31 2021) $109.78

It is making money hand over fist ...

Regarding using PP as a platform.  There is no way of putting in trading orders.  There are no provisions for margin trading.  You can only buy and sell, live in real time with fully funded transactions.  You watch and wait.  My point all along has been that there is more than ample reaction time to avoid getting burned by a sudden downturn.  They are not as sudden as say metals or certain equities.

So you can play along, since you seem to be so interested.  
In on May 24  Exchange rate $2,419.42 USD = 1 Ethereum (ETH)

Current price:  CLICKY   $2793.02 or roughly 10%

Current PP sell price:

$2,776.63 USD = 1 ETH  with a $2790.02 market price

I am currently looking to see what the new range is likely to be going forward.  If I get up 25% ( $31-3200 ?) I might cash out and wait to go back in on a dip.  But that is dependent on if it starts cycling.  There is also the risk of getting out and getting left behind.  There may not be another dip or one that matters for a very long time.



I don't know, for someone with the uncanny ability to sell crypto at the peak and buy back in at nearly the low, I'm really surprised you weren't able to pick an ETF mix in betterment with a little better record.  I haven't run all their ETFs, but the biggies - VTI and VTV did much better than that. Even the riskier emerging market stuff like VOE did ~5% annualized in that window.  Did you just put it all in bonds (although even most of those like BNDX did better than your return). Oh wait, short term treasury bonds were pretty flat, that must be where you put it all.   You should diversify a little bit to limit your risk in any one sector. 

Looking for 25% on speculative investments and you call me the 1%!  Good luck. I'm sure with your knack for buying at the lows you'll be rolling in it soon.

kurtster

kurtster Avatar

Location: where fear is not a virtue
Gender: Male


Posted: Jun 6, 2021 - 7:07pm

 islander wrote:


As usual, you are wrong on many levels. I'm not even sure what you are on about with Netflix.  If you had actually listened to my advice on betterment, you wouldn't have had much exposure to volatility. You wouldn't have made 25% annual returns either, but that's not realistic for most people.   I'll go ahead and call bullshit - if you had money in Betterment for the last 3 years and are down 5%, you would have had to invest in the most risky and most unlucky funds they have. They only have a handfull of vanguards ETFs, but I don't think any of them would have that return in that window unless you bailed out last April. 

I'm sure you schooled the paypal guys and have set them straight. But if you want to be taken seriously in most investment groups you talk about your trades in real time. You don't need to tell us how much you are putting in, but it adds a lot more legitimacy if you say "today I bought, and here's my targets", instead of "I bought last week when it was low and sold today".  My speculation fund is about $1k. I'm moving some of it around. Here is what I have planned:  I have a buy order for SNDL at $1 that I hope fills tomorrow.  I'm also looking at moving some into Enphase and Sunrun. for Sundial I'm looking to sell out on an upswing at about $1.2, and Enphase and Sunrun I'll probably sell when I get a 10% return or so - depending on the volatility that goes with the solar guys I may change that target a little bit. 




I stand corrected.  Been awhile since I bothered to open a statement.  It is now on self adjusting.

Overview (Opened January 11, 2018 )
Total Invested $100.00
Total Earned -$7.14
Total Balance $92.86

Quarterly Statement Betterment October 1, 2019 - December 31, 2019
Betterment Securities, Broker-Dealer

Quarterly Summary
Beginning Balance (Sep 30, 2019) $88.37
Net Change $4.49
Ending Balance (Dec 31, 2019) $92.86

Beginning Balance (May 1 2021) $108.50
Deposits $0.00
Withdrawals1 -$0.02
Earnings $1.30
Ending Balance (May 31 2021) $109.78

It is making money hand over fist ...

Regarding using PP as a platform.  There is no way of putting in trading orders.  There are no provisions for margin trading.  You can only buy and sell, live in real time with fully funded transactions.  You watch and wait.  My point all along has been that there is more than ample reaction time to avoid getting burned by a sudden downturn.  They are not as sudden as say metals or certain equities.

So you can play along, since you seem to be so interested.  
In on May 24  Exchange rate $2,419.42 USD = 1 Ethereum (ETH)

Current price:  CLICKY   $2793.02 or roughly 10%

Current PP sell price:

$2,776.63 USD = 1 ETH  with a $2790.02 market price

I am currently looking to see what the new range is likely to be going forward.  If I get up 25% ( $31-3200 ?) I might cash out and wait to go back in on a dip.  But that is dependent on if it starts cycling.  There is also the risk of getting out and getting left behind.  There may not be another dip or one that matters for a very long time.

islander

islander Avatar

Location: Seattle
Gender: Male


Posted: Jun 6, 2021 - 5:37pm

 kurtster wrote:


yeah, yeah ... says the 1% er.  

I'm trying to keep specific dollar amounts out of this and instead speak in percentages, which in essence is all that matters, right ?  What, you want me to post my actual purchase and sales history to make you happy and me credible ? I'll guestimate that I am still up about $500 just to make you happy.  All's I am doing is using the amount of money you spend to fill the tank on your boat.  A lot to me, but chump change to you.

This is more about the opportunity provided by Pay Pal, the pluses and minuses.  I'm learning and sharing what I am learning.  I just had a long conversation with a PP supervisor over an inordinate length of time on a fund hold after a sale.  I went into depth with this guy when he tried to tell me that PP is only a payment processor.  I got him to understand that there is no third party involved once I nailed him down on just exactly who is their trading partner and to explain the actual percentage of the buy and sell spreads.  They will not disclose that.  I could make screen captures and figure it out myself, but this should be posted for the sake of transparency and also maybe to meet legal obligations.  He did admit that there is no trading partner, that it is PP itself, which led to the admission that they should not be applying the same rules.  This is a two party transaction directly between the member and PP itself.   A major adjustment is required here where there has to be a certification that all parties involved are safe and secure eliminating holds going forward.

But I digress, you already know all of this stuff, because you just do, right ?  Well you should'a told me a long time ago of this problem.

OBTW ... I took your advice regarding Betterment a few years ago and almost immediately lost money due to volatility.  Took everything out except $100.  Three years later, that $100 is worth $95.  Meanwhile every time I see Netflix's current stock price I think of you.




As usual, you are wrong on many levels. I'm not even sure what you are on about with Netflix.  If you had actually listened to my advice on betterment, you wouldn't have had much exposure to volatility. You wouldn't have made 25% annual returns either, but that's not realistic for most people.   I'll go ahead and call bullshit - if you had money in Betterment for the last 3 years and are down 5%, you would have had to invest in the most risky and most unlucky funds they have. They only have a handfull of vanguards ETFs, but I don't think any of them would have that return in that window unless you bailed out last April. 

I'm sure you schooled the paypal guys and have set them straight. But if you want to be taken seriously in most investment groups you talk about your trades in real time. You don't need to tell us how much you are putting in, but it adds a lot more legitimacy if you say "today I bought, and here's my targets", instead of "I bought last week when it was low and sold today".  My speculation fund is about $1k. I'm moving some of it around. Here is what I have planned:  I have a buy order for SNDL at $1 that I hope fills tomorrow.  I'm also looking at moving some into Enphase and Sunrun. for Sundial I'm looking to sell out on an upswing at about $1.2, and Enphase and Sunrun I'll probably sell when I get a 10% return or so - depending on the volatility that goes with the solar guys I may change that target a little bit. 

kurtster

kurtster Avatar

Location: where fear is not a virtue
Gender: Male


Posted: May 30, 2021 - 3:23pm

 islander wrote:


if you only post your trades afterward, then you can always be up. This is a secret of most people who perfectly time the market swings consistently. 


yeah, yeah ... says the 1% er.  

I'm trying to keep specific dollar amounts out of this and instead speak in percentages, which in essence is all that matters, right ?  What, you want me to post my actual purchase and sales history to make you happy and me credible ? I'll guestimate that I am still up about $500 just to make you happy.  All's I am doing is using the amount of money you spend to fill the tank on your boat.  A lot to me, but chump change to you.

This is more about the opportunity provided by Pay Pal, the pluses and minuses.  I'm learning and sharing what I am learning.  I just had a long conversation with a PP supervisor over an inordinate length of time on a fund hold after a sale.  I went into depth with this guy when he tried to tell me that PP is only a payment processor.  I got him to understand that there is no third party involved once I nailed him down on just exactly who is their trading partner and to explain the actual percentage of the buy and sell spreads.  They will not disclose that.  I could make screen captures and figure it out myself, but this should be posted for the sake of transparency and also maybe to meet legal obligations.  He did admit that there is no trading partner, that it is PP itself, which led to the admission that they should not be applying the same rules.  This is a two party transaction directly between the member and PP itself.   A major adjustment is required here where there has to be a certification that all parties involved are safe and secure eliminating holds going forward.

But I digress, you already know all of this stuff, because you just do, right ?  Well you should'a told me a long time ago of this problem.

OBTW ... I took your advice regarding Betterment a few years ago and almost immediately lost money due to volatility.  Took everything out except $100.  Three years later, that $100 is worth $95.  Meanwhile every time I see Netflix's current stock price I think of you.


rgio

rgio Avatar

Location: West Jersey
Gender: Male


Posted: May 30, 2021 - 1:37pm

 islander wrote:


if you only post your trades afterward, then you can always be up. This is a secret of most people who perfectly time the market swings consistently. 

There was a hint of sarcasm in the question, but it doesn't really matter.

westslope

westslope Avatar

Location: BC sage brush steppe


Posted: May 30, 2021 - 1:30pm

 islander wrote:


if you only post your trades afterward, then you can always be up. This is a secret of most people who perfectly time the market swings consistently. 

Yes!   This.       

islander

islander Avatar

Location: Seattle
Gender: Male


Posted: May 30, 2021 - 1:24pm

 rgio wrote:

So are you still holding?  If so...you're down.  How far will you go?



if you only post your trades afterward, then you can always be up. This is a secret of most people who perfectly time the market swings consistently. 
kurtster

kurtster Avatar

Location: where fear is not a virtue
Gender: Male


Posted: May 28, 2021 - 5:39am

 rgio wrote:

So are you still holding?  If so...you're down.  How far will you go?



Nope, still up.  Goes any lower might buy the dip.  I'm all Etherium now.  More thoughts later.  Out the door to work.

rgio

rgio Avatar

Location: West Jersey
Gender: Male


Posted: May 28, 2021 - 5:14am

 kurtster wrote:


Yeah, went back in and will be holding as well going forward.  We just went through a big adjustment and shake out and it's looking better again going forward.  That and now I can actually use it to buy stuff should I want to.

So are you still holding?  If so...you're down.  How far will you go?

miamizsun

miamizsun Avatar

Location: (3261.3 Miles SE of RP)
Gender: Male


Posted: May 27, 2021 - 4:24pm

tyler cowen and mark carney

On digital currencies (about  halfway down)



whole interview is informative

rgio

rgio Avatar

Location: West Jersey
Gender: Male


Posted: May 27, 2021 - 3:26pm

 kurtster wrote:


Oh, fear not.  I never intended to use it.  I'm trying to accumulate it.  And being all in Pay Pal, it is highly documented.  You do raise an interesting point.  Accepting it for payment could also have the same implications.  I need to be careful with my activity because my vinyl goes out via PP and I don't want to send out any unnecessary flags.  Without going into details, I had my first audit at the age of 22.  I took notes and learned a lot about these things.  Everything was in order, but the experience was a serious eye opener.  I am capable of doing my own long forms, but prefer not to right now.  I'll pay a little for the service for peace of mind.



Imagine accepting $1M on Saturday for good or services... and waking up with a value of $500k on Monday.  Not only did you lose $500k....but you owe tax on $1M, with loss deduction limitations on the missing $500k.  There will be companies that go out of business because they won't have the money to pay the taxes.
Page: 1, 2, 3, 4, 5, 6  Next