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STOCK MARKET: Let's talk stocks and investing

Discussion in 'BBS Hangout' started by SWTsig, Jun 2, 2008.

  1. Commodore

    Commodore Contributing Member

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    I buy a little bitcoin every week, never sell, probably outperform everyone in this thread
     
  2. CCity Zero

    CCity Zero Member

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    Doubtful, considering you could probably take your knowledge of crypto and run options plays on riot/mara etc. I mean you can't make 100-500% in return on BTC at this point in one afternoon, but you could have multiple times on those. And if you started back when BTC was released and sitting on a ton of coins then sure, as of right now you're up crazy, but if you had a wallet with 1k+ coins you probably wouldn't have to be buying more btc at this point. I mean I'd literally take the annual return on most of it so the money is working for me and diversify with other assets, not just a BTC wallet.


    And yes, options are high risk but imo they're less risky than crypto exchanges suddenly deciding to not let you move back transactions to your wallet or having to rely on other parties.
     
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  3. DonnyMost

    DonnyMost not wrong

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    Depends on your time horizon. If you have 5+ years to wait for returns, the answer is almost assuredly yes, BTC will outperform most.

    Knowledge of crypto doesn't mean you can time a market. Gambling on crypto adjacent funds will only result in you getting wiped out eventually. You might as well go to the casino or play the lotto.

    It doesn't matter how much BTC you have, if you believe Bitcoin is the best currency/asset in the world, you're going to keep acquiring it.

    Maybe. Depends on what the 'other' asset is. Me personally outside of BTC I'd probably only be tempted to acquire real estate.

    This is not an argument against bitcoin, it's an argument against using hot wallets/exchanges to store it.
     
  4. CCity Zero

    CCity Zero Member

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    Where am I talking about timing the market? I and others have posted examples here and on the btc thread where you could have easily made good returns playing options in both directions on MARA/RIOT. I mean if you love BTC why not make higher returns before putting it into that. I don't think short term it could have been beat in the % of return gained on those plays. These plays were in regards to 2020-2022, I am not currently saying to make such a play on either as I have not actively been trading the last few months.

    And yes, please diversify, real-estate is a good example.

    I don't have a wallet with 1000+ btc either but after seeing the stuff I've seen and personally experienced I won't be putting major money in crypto ever. I am especially not going to be in w/ any real amount unless it's backed going forward.

    My argument against it is that you might have your wallet and it's safe etc. but if I don't have a way to use it/easily exchange it then I'm not really in as much control except between some Randoms/friends/family. I'd personally rather put 50k in Robinhood even with their poor order execution/overall management vs trying to buy 50k worth of BTC and somehow losing it in an exchange with no backing during transfer or even having to deal with buying small amounts and transferring it etc etc.. My example for RH is even if they go down the drain and are not that great when it comes to reputation/orders - they're backed as long as you're using it for stocks, unfortunately there's no regulations in place for crypto, I mean Robinhood is smart enough to not even claim they can back it and that should tell you something.

    This is also is coming from someone who has made money mining it on the side and also got their original return plus some before losing a very small amount in an exchange literally during transfer. The amount lost was nothing in comparison to what I made with it/got out, so that's a positive, I just I will not be recommending cryptocurrency as a solid investment until a lot of things change.
     
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  5. Sajan

    Sajan Member

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    COOL!
     
  6. DonnyMost

    DonnyMost not wrong

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    How is that not 'timing the market'? You are literally gambling on whether line go up or down. You might as well go buy scratch offs. Understanding BTC has absolutely zero impact on whether you think line go up or down tomorrow.

    Yes and no. I think it's a good idea to diversify your investments. I think it's not so good of an idea to diversify your savings. I don't really consider BTC an investment, btw. I did when I started years ago (which was insanely dumb), but not anymore.

    IMO I consider BTC to be its own asset class. Crypto, as it is commonly referred to, is everything but BTC. I don't touch 'crypto'. My BTC in cold storage is the safest, most resilient asset I own.

    I've talked about this before, and it's just a time-bound problem. Eventually the road will be paved to allow for easier transactions. Whatever problems you have with intermediaries I can't speak to (are you leaving 50K laying around on exchange...?), but again, that's the problem BTC set out to solve for... no trusted 3rd parties necessary.
     
  7. CCity Zero

    CCity Zero Member

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    This is the only answer
     
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  8. CCity Zero

    CCity Zero Member

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    So you really think after the crash 3/20, MARA/RIOT weren't the easier btc related plays/setups to watch/wait for and make returns buying calls? I mean it was literally telegraphed where they'd directly follow btc once it was moving and during the 2021 run. Am I saying play that now, no, but the btc run up directly impacted those stocks. I am using them as examples since bitcoin is topic but at that time it was literally easy mode. And the added buy-in to btc/difficulty spike literally made it easy to not gamble like lotto tickets.


    I am definitely not saying do that now and am not in MARA/RIOT/BTC or even actively trading for that matter for probably another few months. Yes, options are high risk/reward but scratch off comparison is pretty funny, especially if you're not blindly throwing money into 0 DTE contracts. I mean if you're not willing to accept the risk trading options how do you buy btc knowing that your transaction could screw up/exchange randomly closes during your transaction back to your wallet? The odds are probably low but it has happened to me, so I'm sure it'll happen to someone else again. Whereas if I want to trade risky options I at least know what I am in for.

    And again, I made money on BTC/crypto in general so I don't hate it and my bad experience of losing a little money isn't as bad as others. I mean I made more than I lost and didn't lose a life changing amount either. I just won't invest more in it until there's a major change like you mention.

    You realize this this whole conversation stemmed from Commodore telling us he did better than everyone in this thread, and unless he has btc pre pizza purchase I know he's just trolling. But Hell, for all I know he has 100000 btc, it's doubtful but this is the Internet, so maybe he's rich beyond belief.
     
  9. DonnyMost

    DonnyMost not wrong

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    I'm willing to grant you that the risk of having your money on an exchange go *poof* is greater than with any traditional bank. I can't really follow your hypothetical scenario all that well other than to say I know it is possible that people A) **** up and get scammed or send their money into the abyss somehow and B) sometimes exchanges decide to freeze accounts arbitrarily and you can caught in an unlucky dragnet and be sent to customer service hell for weeks on end to resolve it. Be that as it may, that risk profile is not bad enough to stop me from migrating most of my wealth from traditional funds into BTC. Generally speaking I'm far more afraid of inflation at this point than I am of stubbing my toe during my BTC transactions.

    Can you explain what happened?

    I get that it's obnoxious having a BTC maxi come into a stockbro thread. It's like a vegan jumping into a thread about the best fast food. But FWIW, he's not wrong. Most people who DCA BTC are going to beat the stock market if they have a long enough time horizon. I don't like to think of BTC as an investment though because that implies you will one day exit. The point of BTC is to save and store your wealth. The growth aspect is secondary and unfortunately largely attached to how poorly the US dollar/economy is doing.
     
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  10. KingCheetah

    KingCheetah Contributing Member

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    What happened to you?
     
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  11. CCity Zero

    CCity Zero Member

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    Right, I didn't have the problem with the fumbling address or anything silly like like that or sending to Randoms etc etc, and the reason I'm not super upset is because I made initial investment back and some, and then did some mining too a few years later, anyway before mining I took a small amount of house money from initial investment (probably a few hundred in end, so again nothing too serious), and I was basically doing arbitrage trading and it was working... and I was growing the balance (this was basically me playing around with the system and learning things too so good experience). Unfortunately on my last arbitrage trade this now defunct exchange just decided to block withdrawals, it was one of the "okay" ones at the time so not fully shady but not the ones I am more likely to trust with more money at the time (this was probably 4/5 years back iirc), I was definitely taking risks and was aware it could happen but liked making the transactions/experience - I mainly stuck to Coinbase/binance/kukoin but occasionally would go to the other exchanges and I just happened to pick the wrong day and got trapped. The exchange screwed over people with major money claiming they lost the keys or something, obviously nothing like what people in ftx had happen.

    I did enjoy learning the system though. I think my biggest regret in btc is w/ my background in tech I knew about it when it was easy to actually mine at home before pizza purchase and blew it off so that's definitely on me. When I finally was mining later it was mainly ETH for last few years before the move to POS.

    I also agree with you on inflation, it is a bigger fear along with banks and rates being out of control. My concern is perfect storm of increasing consumer debt/jobs/banks/inflation all hitting wall etc..

    Anyway, I am not against anyone investing in it and I think as use cases grow it will likely help adoption rate. If someone makes millions or loses it in some crazy tragedy, I won't be a poster to be making fun of any one/saying I told you so, I want everyone to do well.
     
  12. Space Ghost

    Space Ghost Contributing Member

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    I'm outperforming BitcoinTINA
     
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  13. Ziggy

    Ziggy QUEEN ANON
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    FINALLY positive today on a bazillion shares and long calls of TMF. I don't think I've ever held this much of anything this dumb since MARA.
     
  14. CCity Zero

    CCity Zero Member

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    TMF I was originally planning on playing but been in limbo still with family stuff. Probably a few months out from actually trading anything.. I am glad it worked out for you even if longer hold still a win! I think there could be continuation of it going more but things are a mess and bank situation will make it interesting.
     
  15. Ziggy

    Ziggy QUEEN ANON
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    FINALLY positive. Probably be NEGATIVE tomorrow. But I'll buy MORE. And MORE.
     
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  16. geeimsobored

    geeimsobored Contributing Member

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    Invisible Fan, CCity Zero and Sajan like this.
  17. DOMINATOR

    DOMINATOR Member
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    spoke way too soon
     
  18. adoo

    adoo Member

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    Apple buying Disney ?
     
  19. Invisible Fan

    Invisible Fan Contributing Member

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    Hope not. Makes sense on the surface, but they really serve different segments of the population.
     
  20. Space Ghost

    Space Ghost Contributing Member

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    No
     

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