Stock Market

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  • Lake_BumLake_Bum Member Posts: 969 ✭✭✭✭
    J3ff said:
    And now we sink. Hold on to your ****s
    Just remember, you don't lose if you don't SELL hahaha.  Crypto is a volatile market.  Always 
    2000 Captiva 232 
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  • Lake_BumLake_Bum Member Posts: 969 ✭✭✭✭
    ETH is definitely not one you want to jump in and out and in and out of, due to higher gas fees.  But......with the spot ETF now live, it will most definitely be climbing up significantly!  Billions and billions are pouring into it now, from all the large 401K funds.  More cryptocurrencies are soon to come.  My best guess is Solana is next!  
    2000 Captiva 232 
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  • J3ffJ3ff Member Posts: 4,079 ✭✭✭✭✭
    I was more referring to the regular stock market ;) tech stocks 
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  • WillhoundWillhound Member Posts: 4,200 ✭✭✭✭✭
    Still waiting.....against my better judgement I dropped a spare Thou into IBIT back in early April. It hit $1080, dropped to just over $900 and sitting at $1070 today.
    If I'd put it into Proctor and Gamble, which I already have extensive holdings in, it would be $1085 today and earning a dividend. 
    But it gives me something to watch every day I guess...😆
    "Knot Quite Shore" - 2000 FV270 (Sold)
    2018 Cherokee 39RL Land Yacht (Sorry...)
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  • J3ffJ3ff Member Posts: 4,079 ✭✭✭✭✭
    edited August 3

    I really hate when I'm correct and I don't do anything to take advantage of it. Sigh. 
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  • J3ffJ3ff Member Posts: 4,079 ✭✭✭✭✭
    J3ff said:

    I really hate when I'm correct and I don't do anything to take advantage of it. Sigh. 
    Now I REALLY hate not listening to my gut. 
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  • Lake_BumLake_Bum Member Posts: 969 ✭✭✭✭
    Almost buying season  B)
    2000 Captiva 232 
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  • WillhoundWillhound Member Posts: 4,200 ✭✭✭✭✭
    From Yahoo Finance.
    "Bitcoin just took a ride straight down. It dropped from $58,350 to $50,000 in hours.
    The king of crypto's now standing at at $52,800. Not quite the recovery bulls might be hoping for, but hey, it's something.
    This crash wasn't just a Bitcoin thing. It dragged the whole crypto market down with it. Ethereum? It dropped 18% before finding its footing at $2,304.
    The messiest part?
    Over $1.05 billion in leveraged positions got wiped out. Long positions took the biggest hit, with $901.42 million going up in smoke."

    Soon as this dog gets even close to what I put in, I'm out. Smoke and mirrors.....
    "Knot Quite Shore" - 2000 FV270 (Sold)
    2018 Cherokee 39RL Land Yacht (Sorry...)
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  • boatman37boatman37 Member Posts: 810 ✭✭✭
    My average on Bitcoin is $20,005. I didn't have much in but initially bought in at $13,000 then sold 1/2 when I was up about 150% so whats left is free money. I added back on that last dip so that raised my average
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  • Lake_BumLake_Bum Member Posts: 969 ✭✭✭✭
    It's not smoke and mirrors.  What it IS, and always will be, is volatile.  Entry and exit points are more important during times like these, but I'm NEVER in a hurry.  It's a long term thing for me, although I have definitely taken some profits at times.  
    I missed the "magic window" at about 4am today.  So I will wait until it goes down again, and it will.   
    The crappy jobs report is what triggered all of this, both stocks, and crypto.  And the damage isn't done yet.  The FED is discussing an emergency rate cut potentially.  The economy is hanging on by a thread.  And the politicians are still touting "record stock market" hahahaha blah blah blah.  That's the smoke and mirror part. 
    2000 Captiva 232 
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  • J3ffJ3ff Member Posts: 4,079 ✭✭✭✭✭
    Lake_Bum said:
    It's not smoke and mirrors.  What it IS, and always will be, is volatile.  Entry and exit points are more important during times like these, but I'm NEVER in a hurry.  It's a long term thing for me, although I have definitely taken some profits at times.  
    I missed the "magic window" at about 4am today.  So I will wait until it goes down again, and it will.   
    The crappy jobs report is what triggered all of this, both stocks, and crypto.  And the damage isn't done yet.  The FED is discussing an emergency rate cut potentially.  The economy is hanging on by a thread.  And the politicians are still touting "record stock market" hahahaha blah blah blah.  That's the smoke and mirror part. 
    Major catalyst was the Bank of Japan.. take a look at that. Hopefully it's over, likely not though. 
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  • Dream_InnDream_Inn Member, Moderator Posts: 7,651 mod
    Wow, glad I added a lot more to my NIO holdings.  Finally a nice little turn around with earnings report today.  At the end of September they will have another quarter with record EV sales.  A new car (Onvo) that will be a competitor to Tesla in China with a better price and way more options is being sold this month!  Maybe I will be able to move up to my next boat after all :smile:

    Dream 'Inn III -- 2008 400 Express

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  • J3ffJ3ff Member Posts: 4,079 ✭✭✭✭✭
    Dream_Inn said:
    Wow, glad I added a lot more to my NIO holdings.  Finally a nice little turn around with earnings report today.  At the end of September they will have another quarter with record EV sales.  A new car (Onvo) that will be a competitor to Tesla in China with a better price and way more options is being sold this month!  Maybe I will be able to move up to my next boat after all :smile:
    Still got a little ways to go for me !!!  :D maybe I'll DCA after GME goes to the moon 
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