abenjami Posted March 12, 2020 Author Report Share Posted March 12, 2020 (edited) On a side note, bitcoin had sort of avoided the collapse until now but it took a big shit this morning. Edited March 12, 2020 by abenjami Link to post Share on other sites More sharing options...
abenjami Posted March 12, 2020 Author Report Share Posted March 12, 2020 OILERMAN 1 Link to post Share on other sites More sharing options...
ChemEngr79 Posted March 12, 2020 Report Share Posted March 12, 2020 (edited) 53 minutes ago, Jamalisms said: Did the math and, based on last night's valuations, if I still held all of the assets I sold from early 2019 - January this year, I'd be down 15%. What I bought is up 3%. I'm quite happy with that trade-off. Similar here. I sold Feb 18, and what I bought is up 5%. I am up a net ~19% vs holding at the moment. Edited March 12, 2020 by ChemEngr79 Link to post Share on other sites More sharing options...
Jamalisms Posted March 12, 2020 Report Share Posted March 12, 2020 3 minutes ago, abenjami said: On a side note, bitcoin had sort of avoided the collapse until now but it took a big shit this morning. Yeah, I noticed that. BCH went from $260 to $175 or something. It was up in the $400's a month or so ago. I've been watching it lately and that thing is volatile AF. Link to post Share on other sites More sharing options...
abenjami Posted March 12, 2020 Author Report Share Posted March 12, 2020 5 minutes ago, Jamalisms said: Yeah, I noticed that. BCH went from $260 to $175 or something. It was up in the $400's a month or so ago. I've been watching it lately and that thing is volatile AF. There has been a ton of money to be made investing in crypto due to volatility. You just gotta be willing to take the risk of being one of the suckers holding the bag when the music stops and that could literally happen any day. ChemEngr79 1 Link to post Share on other sites More sharing options...
IsntLifeFunny Posted March 12, 2020 Report Share Posted March 12, 2020 4 hours ago, Starkiller said: Access to the internet is just as likely to lead to revolts. When the fear mongers and conspiracy theorists have a loud voice and a widespread audience, the gullible in the audience do stupid things. Ironically, Trump being president calms them because they will do all sorts of shit to irrationally defend him, such as ignoring a pandemic. If this was happing under Obama they would be calling it a government plot to put people into FEMA re-education camps. There would be people armed in the streets and it would be like the Bundy ranch incident all over again. Right wing gun nuts would be taking over National Parks shacks in Oregon again. All of this is temporary. I’m not sure how you don’t get the point. Keeping people distracted is paramount at this point to not losing control. Link to post Share on other sites More sharing options...
Starkiller Posted March 12, 2020 Report Share Posted March 12, 2020 (edited) 9 minutes ago, IsntLifeFunny said: I’m not sure how you don’t get the point. Keeping people distracted is paramount at this point to not losing control. I simply disagree that the internet moves the ball in a more stable direction. If anything it allows the voice of fear, panic, and conspiracies to spread. Yeah, people will be more easily distracted by shit on the internet than without it. But people would have found ways to distract themselves in the pre-internet era. It’s fitting that in Contagion the guy driving panic and violence was a Jude Law huckster with a blog... Edited March 12, 2020 by Starkiller Link to post Share on other sites More sharing options...
Downtown Posted March 12, 2020 Report Share Posted March 12, 2020 Assuming we get a bump tomorrow, would you guys even debate withdrawing out of a money market account? Debating as I feel like we’re gonna go down more through April, to starting coming back this summer. Link to post Share on other sites More sharing options...
OilerTitanHybrid Posted March 12, 2020 Report Share Posted March 12, 2020 Buffett on Crypto: "I don't own any Cryptocurrency, never will" That Bitcoin dude gave Buffett some Bitcoin at one of their meetings, but when Becky Quick asked Buffett if he had any, he said no. He musta sold it right afterwards! lol He ain't gonna hold that fucking Bitbag! Link to post Share on other sites More sharing options...
OILERMAN Posted March 12, 2020 Report Share Posted March 12, 2020 2 minutes ago, Downtown said: Assuming we get a bump tomorrow, would you guys even debate withdrawing out of a money market account? Debating as I feel like we’re gonna go down more through April, to starting coming back this summer. Im possible to know, is going down 25% or 75%? Link to post Share on other sites More sharing options...
IsntLifeFunny Posted March 12, 2020 Report Share Posted March 12, 2020 1 hour ago, Starkiller said: I simply disagree that the internet moves the ball in a more stable direction. If anything it allows the voice of fear, panic, and conspiracies to spread. Yeah, people will be more easily distracted by shit on the internet than without it. But people would have found ways to distract themselves in the pre-internet era. It’s fitting that in Contagion the guy driving panic and violence was a Jude Law huckster with a blog... It absolutely moves the ball in a massive way in this type of situation. Let them eat cake so they don’t bandy about and go full on thunder dome. Link to post Share on other sites More sharing options...
abenjami Posted March 12, 2020 Author Report Share Posted March 12, 2020 54 minutes ago, OILERMAN said: Im possible to know, is going down 25% or 75%? I'm good with anywhere in that range OILERMAN 1 Link to post Share on other sites More sharing options...
OilerTitanHybrid Posted March 12, 2020 Report Share Posted March 12, 2020 I'll be honest here. I'm almost tapped out from buying all I can buy at these prices. I have a few hundred bucks left, but nothing major. I've already shot my sticky wad and damn proud of it! When the SPX 2525 hit today, that was all I needed to see. If the SPX did somehow hit 2400 though, I'd throw the last bit of cash I have at it and be content to wait out the carnage. I dedicate this next funky song to the market hitting that hellacious correction number of 2525... OILERMAN 1 Link to post Share on other sites More sharing options...
Jamalisms Posted March 12, 2020 Report Share Posted March 12, 2020 I got the next 5% I wanted and more. But I'm gonna wait longer on my other 50%. If it comes back up significantly, then I'll jump. Otherwise, gonna watch it keep dropping. Link to post Share on other sites More sharing options...
Jamalisms Posted March 12, 2020 Report Share Posted March 12, 2020 Nah, nevermind. Decided to bleed another 10% back in with such a nice drop. I know you're all waiting with abated breath for these updates. wiscotitansfan 1 Link to post Share on other sites More sharing options...
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