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Old 06-25-2019, 09:35 PM   #31
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I've never come across such a thread. I don't know if anyone on this forum actively invests in stocks or the like so I thought I'd find out.

If I had to guess I'd say maybe Chichko Risto.
I'm a daily trader in Gold XAU/USD just for a bit of fun and top up money. It took me 15 years to finally start getting wining trades constantly coming my way
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Old 06-25-2019, 11:12 PM   #32
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I'm a daily trader in Gold XAU/USD just for a bit of fun and top up money. It took me 15 years to finally start getting wining trades constantly coming my way
Interesting Bill!

Gold seems like a good investment, I really should have gotten into it a long time ago and I am ashamed to say I still have not even though I know I should.

Central banks have been pumping money like mad into their respective economies. The effect is wearing off and gold is the classic safe haven.

I'm more into stocks. No shame in losing money until you figure it out, investing is just like anything else in life, it takes experience that can only be learned the hard way. At one point I think I had lost over $30,000 Then I learned to stop chasing unicorns and treating it like a slot machine and actually do research and invest in real companies.

Also for anyone who might be reading, diversify diversify diversify. Investing is about patience and cold calculation, you have to take the emotion out of it.

I keep a portfolio of between 10-20 stocks at all times. A mix of cyclical, tech, raw materials, retail, and speculative. $5000 per stock at most. I try to strike a balance between short selling, and long term investments.

One of my speculative picks currently is "NIO", a Chinese electric car maker sometimes called the Tesla of China. They make very nice SUV's, hold dozens of patents, and have the backing of the Chinese government. Their stock is currently trading in the 2's. They just started delivery on a new model, and if they show strong demand in the next couple of months, the stock could double.
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Old 06-25-2019, 11:26 PM   #33
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My biggest regret which i will never get over...... 10 years ago i was advised on a trading forum to buy Bitcoin at around $0.20. i was seriously considering buying $50 worth more as a novelty thing as i didn't take Bitcoin serious. My internet crashed then by the time it came back on again, The Macedonian in me had a chance to kick in and say ne bre, ne se lazi so igrachki. chuvaj si gi parite..... and i never pursued it.

I fucken hate being Macedonian sometimes.


My son bought $10,000 worth of XRP (Ripple which is another crypto) at $0.28 which is following big brother Bitcoin. He is predicting just like Bitcoin began at Cents.... hitting $$. I hope it works out for him.
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Old 06-26-2019, 01:30 AM   #34
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My biggest regret which i will never get over...... 10 years ago i was advised on a trading forum to buy Bitcoin at around $0.20. i was seriously considering buying $50 worth more as a novelty thing as i didn't take Bitcoin serious. My internet crashed then by the time it came back on again, The Macedonian in me had a chance to kick in and say ne bre, ne se lazi so igrachki. chuvaj si gi parite..... and i never pursued it.
I still think all the crypto currencies are utter rubbish. Sure you can make money on them. But in the long run, they simply have no underlying value. My opinion hasn't changed about them over a few years now.

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I fucken hate being Macedonian sometimes.
So do about 1.6 million others!
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Old 06-27-2019, 08:55 PM   #35
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My biggest regret which i will never get over...... 10 years ago i was advised on a trading forum to buy Bitcoin at around $0.20. i was seriously considering buying $50 worth more as a novelty thing as i didn't take Bitcoin serious. My internet crashed then by the time it came back on again, The Macedonian in me had a chance to kick in and say ne bre, ne se lazi so igrachki. chuvaj si gi parite..... and i never pursued it.

I fucken hate being Macedonian sometimes.

LOL I say that all the time! I swear we are all such pessimistic and distrusting people.

Man you could have bought a nice house with that $50 you didn't invest in bitcoin.

I wouldn't be too hard on yourself though, if you had invested $50 in every half backed idea you ever heard of, imagine how much you would have lost over time. Those kinds of investments are a needle in a haystack, you never know which one will explode, and most are flops.


My son bought $10,000 worth of XRP (Ripple which is another crypto) at $0.28 which is following big brother Bitcoin. He is predicting just like Bitcoin began at Cents.... hitting $$. I hope it works out for him.
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I still think all the crypto currencies are utter rubbish. Sure you can make money on them. But in the long run, they simply have no underlying value. My opinion hasn't changed about them over a few years now.
Crypto is downright confusing. It doesn't have value in the traditional sense but then again no money has any real value. The only reason any currency has any value is because enough people agree that it does. In that regard a crypto currency or a digital currency has whatever value its users agree on.

On top of that the real value behind crypto is the block chain technologies that make crypto currency possible. The block chain technology and its developers are where the real value is.

Having said that I am still too afraid to invest anything in it, especially an established one given the volatility and potential for it become worthless.

I might put a small amount into an emerging crypto like ripple but that's about it.

Here is a good read on the basics of block chain. https://blockgeeks.com/guides/what-i...in-technology/

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So do about 1.6 million others!
LMAO thats a keeper right there.
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Old 06-28-2019, 03:13 AM   #36
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It doesn't have a value in any sense. Its only value is that some other idiot buys it hoping that others will pay more than him. At least with currency, you are banking on the country that owns it. In this case, you are dealing with something more volatile than Venezuelan Bolivars and people are loving it. Everyone is saying how the blockchain technology is awesome. Well, the first stable country that converts its currency into it might get an advantage. Other than that, I simply cannot fathom how something so volatile is considered to be a good idea for a "currency".

But I deal with stupid investors on a daily basis. I would say I literally beg a client a month not to invest in whatever they are considering and they still do it and lose their money. They (typically) are the ones who love crypto stuff.


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Crypto is downright confusing. It doesn't have value in the traditional sense but then again no money has any real value. The only reason any currency has any value is because enough people agree that it does. In that regard a crypto currency or a digital currency has whatever value its users agree on.

On top of that the real value behind crypto is the block chain technologies that make crypto currency possible. The block chain technology and its developers are where the real value is.

Having said that I am still too afraid to invest anything in it, especially an established one given the volatility and potential for it become worthless.

I might put a small amount into an emerging crypto like ripple but that's about it.
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Old 06-28-2019, 04:20 AM   #37
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It doesn't have a value in any sense. Its only value is that some other idiot buys it hoping that others will pay more than him. At least with currency, you are banking on the country that owns it. In this case, you are dealing with something more volatile than Venezuelan Bolivars and people are loving it. Everyone is saying how the blockchain technology is awesome. Well, the first stable country that converts its currency into it might get an advantage. Other than that, I simply cannot fathom how something so volatile is considered to be a good idea for a "currency".

But I deal with stupid investors on a daily basis. I would say I literally beg a client a month not to invest in whatever they are considering and they still do it and lose their money. They (typically) are the ones who love crypto stuff.
Surely crpyto currency has value in that it can buy illegal goods anonymously? Or for money laundering purposes?
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Old 06-28-2019, 05:47 AM   #38
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My machine guns are en route!
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Old 07-03-2019, 12:09 AM   #39
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Default Bitcoin Bubble Bursts As Ethereum, Ripple's XRP And Litecoin Prices Crash--Here's Why

https://www.forbes.com/sites/billyba...heres-why/amp/

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Bitcoin, which has soared sharply higher over the last few months, has suddenly turned, losing almost 15% in value over the last 24-hours and sparking fears the latest bubble has burst.

Ethereum, Ripple’s XRP, and litecoin, the three top cryptocurrencies by market capitalization alongside bitcoin, also all turned red, each losing between 5% and 10% in value over the last day, according to price data from CoinMarketCap.

The bitcoin price dived after touching year-to-date highs of $13,880 per bitcoin on the Luxembourg-based Bitstamp exchange late last month to trade at lows of $9,710 earlier this morning.

The sudden bitcoin, ethereum, Ripple XRP, and litecoin price sell-off comes after warnings bitcoin is heading for a “violent breakdown” and technical data that showed a strong sign of buyer exhaustion across bitcoin and cryptocurrency markets.

“We fell off a cliff here, supported by the bottom of this descending triangle,” said crypto analyst and BlockTV reporter Joe Saz. ”I believe this descending triangle is going to be a violent breakdown. I don’t typically have a red flag emergency, but it’s looking very bad right now.”

Technical bitcoin price data meanwhile showed a bear cross of short-term moving averages and weakening buy pressure yesterday, interpreted by some as a potential catalyst for a sharp price drop.

Elsewhere, the market was spooked on Sunday by a bitcoin trader allegedly placing a significant short order, betting that the bitcoin price would go down in coming days.

The bitcoin price has been pushed higher in recent months, rising over 200% since the beginning of the year, due to a surge of crypto interest from some of the world’s biggest technology companies including iPhone maker Apple and social media giant Facebook.
“The deep pullback last Wednesday night was like a bucket of ice water that was dumped on the anxious crypto market, which was indeed getting a bit too hot,” Mati Greenspan, senior market analyst at brokerage eToro, wrote in a note to clients yesterday.

“The prospect of prices rising too far too fast had some traders feeling fearful, so it’s good to see things relaxing somewhat.”

Bitcoin last year went through a sharp correction after 2017′s epic bull run which saw bitcoin prices go from under $1,000 per bitcoin to almost $20,000 in fewer than 12 months. Last year the bitcoin price fell to lows of around $3,000 per bitcoin.
Changes 15% overnight and all the genius investors call it a good currency.
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Old 07-03-2019, 02:42 PM   #40
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https://www.forbes.com/sites/billyba...heres-why/amp/



Changes 15% overnight and all the genius investors call it a good currency.
This is why I will not invest in crypto. I don't invest in things I don't understand.

I think at some point the block chain developed for use in crypto currency, will have others uses that will generate income for one or some of these crypto companies. Ripple is well positioned to be a banking tool and they are investing heavily in finding other uses for the technology.

In the end investing in an emerging technology is risky and confusing. Some turn into google and amazon. Others fizzle out into nothing. I don't know if crypto will ever function as a currency, certainly not with the type of volatility it has.

Who listened to me and bought NIO stock when it was at $2.50 a week ago? If you did you made 25% already.
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