I’ll post here when I have any that I’m confident in.
What is confident? Because I’ll take lukewarm as well.
LMAO!!!
Seriously, computer nerds, there’s a lot of money out there to be made if you have brains and balls. It’s the fucking Wild West.
Curious, you still holding BTC?
I might be putting a small amount of “what the hell” money into cryptocurrency but damn the explosion in value even in past few months seems insane. Wondering how others are viewing BTC right now.
I’m still holding BTC. Will be taking some profit soon depending on how this current rally goes. My relative does the trading for me. The past few times it broke an all time high were followed by a sharp drop, so do take caution.
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Crypto currency is a fucking amazing investment right now. I have a friend who is like twenty years old and he has turned around ten grand into like two hundred with that crypto currency stuff, apparently there are a ton of different kinds etc.
He was telling me the stocks commonly will increase by 25-100% in short periods of time.
You can lose pretty big too if you are speculating. Some have lost up to 80% of their value in 3 months after peaking in May. The problem is that most are lacking in fundamentals, so investment for the long term is more of a gamble than a calculated risk, which is why I directly addressed the computer nerds in my first post since they are the ones who could have fully appreciated Ethereum’s technology at that point in time and I figured anyone else interested would do his own research and make an informed decision.
Yeah I don’t know too much about it but my friend does coding for a living and I know it’s totally changed his life, and I know he invests in a pretty wide variety of that crypto stuff.
Hey @dt79 do you trade short-term volatility?
I’ve been doing really well with it the last few days.
Nope.
The swings are quite wild, aren’t they haha
Down nearly 12% today. It’s an odd feeling hoping there is a flash crash or another Enron/Madoff issue… yet, also hoping there isn’t…
If it makes you feel better, we’re working towards another housing bubble. Might get some crashing going on after a bit.
I see tech being a bigger bubble. Such as companies that have investor value, but don’t earn revenue.
I’m actually surprised it’s still holding above 4000 despite the news from China regarding the ICO ban/speculation about a ban on exchanges, coupled with the fact that it’s been going up for so long at this rate without a major correction.
Have you guys been hedging with gold?
Yea but the tech bubble isn’t insured by the govt (us). Imo when housing crashes again the populace isn’t going to be quite as forgiving as last time.
I own some gold, but no, I don’t.
I don’t know that the housing market will crash, unless something changes. I think there will be a correction, but not devastating like 07/08.
You mean like the FED increasing interest rates in June and average interest rates for mortgages going down? Followed up by a leading member of the FED stepping down for “personal reasons.”
Edit: wrong month
The Fed doesn’t raise or lower interest rates. They raise or lower the Federal Funds Rate.
To be completely honest, I don’t know anything about the VC of the Fed; however, I do know that he is 73. Personal reasons can mean a lot of different things.
Curious, do you know why the housing bubble happened?