Financial Independance for Men

[BoBParticipant 823]

trader1913 wrote:

Blockchain stocks have been making me a killing!

Only if you sell…

[trader1913Participant 1577]

BoB wrote:

Only if you sell…

Well yeah, I’m a trader not a long term investor 😉

I know how this works; before bitcoin it was ebola that caused the biotech sector to go crazy; before that it was the housing bubble that caused the property sector to go crazy.

If you want a play by play:

– A catalyst causes the stock to move (earnings, PR, new tech, patents etc.)
– Newbie shorts get in, justifying the trade with fundamentals (stock is trash, tech is fake, earnings are trash etc.)
– Big money holds the stock up, releases PR and squeezes newbie shorts
– Public offering once the stock has squeezed to maximize the profits for big money

[SOLI2DEParticipant 746]

Prophet Micah wrote:

Gold & Silver, Guns & Ammo. That is the currency I choose to secure my financial future.

My sentiments exactly!!!

“Do not give your strength to women, nor your ways to that which destroys kings.” -Proverbs 31:3-

[LastManStandingParticipant 638]

I hate to sound rude, but do you honestly have faith that the average person will be able to benefit and prosper of the Financial markets in the coming decades?

[Gravel PitParticipant]

The average person is rightly afraid of what they dont understand. That adage has kept crypto small for a long time when in reality something new and beneficial had been invented (blockchain) and it should have soared more than it has. Its taken a long time for people to come around and see that its not a total scam.

In my noob opinion, crypto has surpassed the s~~~-tests going on a decade now. What has been invented and is being perfected is new technology, not some repackaged tech from yesterday, like an iPhone26 with “better” everything.

Average IQ people and even smart people kept an arms length from crypto. Now, today, in my opinion, after what happened in Nov & Dec of ’17, people who had been on the sideline are swarming the field and taking their positions. Some are small players with little capital. Some are global monsters with billions. All are getting ready for 2018, for when a Sept or Dec happen again.

Some coins will lose, others will see 1000%s in profits. This has happened before, it will happen again and its happening now and it wont stop. As I said, I was a huge naysayer for years. After Nov, I decided I was no longer sitting on the bench watching other people make money.

I actually lost over $200 to fees, transfers and selling some Litecoin at a loss. It only took 3 days for those losses to be completely made back. We’re talking about a small $750 investment that panned 24% in 72 hours just by holding. It is over a grand now.

So do I think the average man can profit? Lol, there are 25 year old kids on youtube making 10K a month for cat videos and the like. Lol. There are 30 year old millionaires who were courageous enough to throw a few hundred in crypto a few years ago. So yea, in an odd world that we live in, the average no body can profit.

I sound overly optimistic. We all have reason to be cautious. But from what Ive seen and what I know, for now, this stuff is the future of money, like it or not. I personally love cash and would revolt if they stopped printing it. But we’re all trying to accumulate wealth and if I have to play with weird technology buying air-money before it grows in value, well Im going to do it. Others have done it and theyre making a lot more than some 2% IRA

We’ll see. Cross your fingers and wish us luck

[LastManStandingParticipant 638]

yeah, but what happens when the Federal Government declares no business is allowed to do transactions in bitcoin, and replace it Fedcoin, backed by our caring friends of the Federal Reserve?

I notice the people invested in Bitcoin seem emotionally attached to it for some reason. When I buy a stock or bond, I don’t have any loyalty to that particular investment. Just an observation.

[Gravel PitParticipant]

LastManStanding wrote:

, but what happens when the Federal Government declares no business is allowed to do transactions in bitcoin,

Bitcoin is viewed as a property of ownership by the United States government. It is traded in the stock market/futures market as such. The government can’t outlaw property. That would be like outlawing the SMP or DOW.

The FED, as you know, stands apart from the US Gov. Sure man, if the FED wanted to, they could invent their own crypto coin and replace the dollar. What makes you think they aren’t already buying crypto? Many banks and credit card companies are.

All your dollars and pennies are already mostly digital and they haven’t been backed by Gold since the 1920’s if I’m not mistaken. In the end, their is no difference when you check your balance on your debit card versus checking your balance on a crypto wallet. In 10 years, you’ll be able to use them the exact same way you do now, buying groceries and gasoline.

American Express and other giant companies aren’t making their own crypto, they’re buying out the ones they want to use. For example, Ripple went from literally being worth hundredths of a penny to being worth $0.97. In less than a week, it went from $0.97 to over $2.00. The thing could end up being worth $20 in several weeks. This is just one example of dozens of coins and tokens. Some aren’t even currency, they’re being used as blockchain tech in various fields. Blockchain is going to revolutionize the internet because it makes everything secure and its fast.

I’ve already accepted the fact that dollar bills continually buy less over time. Instead of saving dollar bills, I buy the crypto with them because the crypto will at least hold its value. Anyway, I can’t explain things that I don’t fully understand yet myself.

Let me assure that I’m a pessimist, skeptic and angry person who yells at homeless people when they beg. I’m not the guy that comes out and advocates and believes in s~~~. So when a doubting Thomas like me is revved up, you better look again bro. I’m here spreading what I perceive to valuable (or at least concerning) information that I think men like us in this community should know. What you do with it is of course on you, we all go our own way. 🙂

[Gravel PitParticipant]

trader1913 wrote:

If you want a play by play:

– A catalyst causes the stock to move (earnings, PR, new tech, patents etc.)
– Newbie shorts get in, justifying the trade with fundamentals (stock is trash, tech is fake, earnings are trash etc.)
– Big money holds the stock up, releases PR and squeezes newbie shorts
– Public offering once the stock has squeezed to maximize the profits for big money

I should have listened to stuff like this 12 months ago. Crypto was a terrible thing to keep buying all year long, I especially got wrecked hard last Spring… and then again hard in November and even harder in December missing the rally, then reentering only to be smashed but its correction.

Id love to say that Crypto is a better buy right now. (having lost 80-97% of it’s all time high) but I was terribly wrong before and probably will be again. Lost about $5000 buying that s~~~.

I did learn a lot about trading though LOL. I no longer obsess about it, like watching candles all day. So maybe my losses were a great learning opportunity who knows, maybe I can recoup them.

[LastManStandingParticipant 638]

It happens man lick your wounds and move on. Easy money is just something that really doesn’t exist for the have-nots. Building wealth is a long grind. Good luck!

[LionOnTheLooseParticipant 1315]

trader1913 wrote:

BachelorForLife wrote:

This is exactly what I’ve been saying. Crypto currency maybe valuable now, but it’s a f~~~ing bubble. Not only that, not a lot of places use Bitcoin. At least with gold and silver, they’ll always be valuable to everyone worldwide.
I don’t even do stocks because I just see it as risky gambling.

There are many ways to mitigate risk when investing in stocks. The best way is to avoid ‘stock picking’ where you try to find the next big thing. Market indexes are very effective at mitigating risk; because you spread the risk across a whole market.
If you can find a good index fund provider, that is passively managed (avoid actively managed funds at all costs; they shaft you using fees) then that is the way to go.

I’m still studying investment before I make any rash decisions but this is what I’ve heard–I read somewhere that even Warren Buffett recommended to his wife that she just put her money into a passive index tracker fund because he thinks the actively managed fund industry is bulls~~~. And that’s Warren Buffett!

There aren't holes in your pockets. It's called marriage.

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