I account managed amazon when they were about to go bust and one of the guys sold his 250,000 shares. That's bad timing.
True investment isn't about timing to be honest, it's about placing a price on a company, seeing a yield and adding or trimming positions based on that. My play on Nvidia was all about bitcoin so hadn't really expected to be holding it forever.
BITCOIN as an alternative to regular currency
Now that is what you call bad timing! He must be sick to his stomach everyday, wouldn't fancy being the delivery driver knocking to see if he can take in his neighbours Amazon parcelsEuler wrote: ↑Tue Nov 20, 2018 10:54 amI account managed amazon when they were about to go bust and one of the guys sold his 250,000 shares. That's bad timing.
True investment isn't about timing to be honest, it's about placing a price on a company, seeing a yield and adding or trimming positions based on that. My play on Nvidia was all about bitcoin so hadn't really expected to be holding it forever.
I don't see much point in selling out like he did, I very rarely sell anything, as companies go down they become so irrelevant to the overall portfolio it just isn't worth it and better to hold on for an Amazon or a Netflix type situation.
You don't need many of them in your life time to make up for all of the losers.
I will assume by not answering the Berkshire question you aren't quite the contrarian you say you are
I wouldn't sell either.Bitcoin is taking another hammering today, nearly saw the $4,000 level go earlier though rebounding a bit now.
Yes as am I, I like the ~$15 billion growth in banking positions they took in the last quarter. Also with the current sell offs I am sure they are adding to that Apple position.
Sorry for taking the thread off topic but do you invest in residential property much? For me the government has and is making it so much harder I am thinking about exiting entirely.
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CallumPerry
- Posts: 575
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Interested to know trader's thoughts on Ripple, known as xrp. Had a little look but still have quite basic knowledge, a child's (who I tutor once a week) father has recently put a few hundred down with some guys at work for an investment.
Any worth short/mid/long term in your opinion?
Any worth short/mid/long term in your opinion?
Might be worth starting a new thread for this, if its the new tax relief being phased in your referring to I think it's going to hit a few ppl hard and I'm already considering what options are best
There is of course the plain retail FOMO but incidentally there were also a few hedge funds that stacked up heavily OTC at hefty premiums from $8k all the way to the top. Grayscale comes to mind for example, allegedly paid 100% premium, 40k when bitcoin hit ATH ($19,891). I know, madness right? Lol! I think they were most likely anticipating a third wave up and wanted to front-run it. As the saying goes; liquidity is an illusion. It's always there when you don't need it but rarely there when you do. I believe the opposite true also.
I wonder how these funds are going to treat their positions going forward. I.e. will they treat BTC like any other risk asset and liquidate it first as we continue to see equities correct globally and book a 90% loss (possibly more if the $4k double bottom doesn't hold), or do they simply HODL along with the trapped retail bulls?
I wonder how these funds are going to treat their positions going forward. I.e. will they treat BTC like any other risk asset and liquidate it first as we continue to see equities correct globally and book a 90% loss (possibly more if the $4k double bottom doesn't hold), or do they simply HODL along with the trapped retail bulls?
Last edited by ec0n0mist on Fri Nov 23, 2018 11:23 pm, edited 1 time in total.
As a trader I like XRP. TA works quite well on it (even on smaller time frames i.e.3-30 mins), as do most large caps. From a consumer's POV, I'm philosophically against everything Ripple stands for. It still boggles the mind as to why their community is growing as fast as it is. BTW, Ripple is the technology company, XRP is the token (cryptocurrency). They are not the same thing in spite of what most will have you believe. Secondly, Ripple's success does not depend on XRP's survival. Even if it did, why would XRP's price need to go up for it to work? It doesn't. XRP is a shit-coin through and through. [That's not to say money can't be made. However, 'Investment' or 'HODL' approach is not a strategy I'd recommend when it comes to XRP].CallumPerry wrote: ↑Tue Nov 20, 2018 11:28 pmInterested to know trader's thoughts on Ripple, known as xrp. Had a little look but still have quite basic knowledge, a child's (who I tutor once a week) father has recently put a few hundred down with some guys at work for an investment.
Any worth short/mid/long term in your opinion?
It's been rumoured for some time now, that banks are planning to turn Ripple into a segmented global network, essentially substituting SWIFT to an extent. This hasn't happened yet. In fact, a number of banks have outright declined such claims.
The issue is that swift is very much embedded into everything the banks do, even updating to MX message formats has been met with resistance to the point that the underlying data structure (xml) is now out of date and it hasn’t even been rolled out yet!ec0n0mist wrote: ↑Fri Nov 23, 2018 9:42 pmAs a trader I like XRP. TA works quite well on it (even on smaller time frames i.e.3-30 mins), as do most large caps. From a consumer's POV, I'm philosophically against everything Ripple stands for. It still boggles the mind as to why their community is growing as fast as it is. BTW, Ripple is the technology company, XRP is the token (cryptocurrency). They are not the same thing in spite of what most will have you believe. Secondly, Ripple's success does not depend on XRP's survival. Even if it did, why would XRP's price need to go up for it to work? It doesn't. XRP is a shit-coin through and through. [That's not to say money can't be made. However, 'Investment' or 'HODL' approach is not a strategy I'd recommend when it comes to XRP].CallumPerry wrote: ↑Tue Nov 20, 2018 11:28 pmInterested to know trader's thoughts on Ripple, known as xrp. Had a little look but still have quite basic knowledge, a child's (who I tutor once a week) father has recently put a few hundred down with some guys at work for an investment.
Any worth short/mid/long term in your opinion?
It's been rumoured for some time now, that banks are planning to turn Ripple into a segmented global network, essentially substituting SWIFT to an extent. This hasn't happened yet. In fact, a number of banks have outright declined such claims.
I just don’t see how ripple can do it to be honest.
$4,000 didn't take long to breach. There was a bit of a feature on Saturday's BBC Money Box on Bit Coin and the guest still sees it hitting $500,000 in the next few years
Good luck with that!Money Box along with a lot of media heavily covered Bit Coin in the lead up to the pop, I would suspect a lot of older, 50's+ were buying in, this was the impression I got from listening to shows such as Money Box this time last year as it was being talked about as an 'investment'. I know a few people at my gym started to talk to me about how they were 'investing' in it this time last year and how they were going to make a killing, I suggested at the time they didn't and any money they were putting in they could afford to lose. I know one guy who actually gave up his well paid job to trade bitcoin. He doesn't come to the gym anymore
This was a good tweet I saw last week:
Morgan Housel
@morganhousel
Thanksgiving 2016: tell everyone about tech stocks.
2017: tell everyone about crypto.
2018: tell everyone about tax loss harvesting.
I don't think we've hit bottom yet. I predicted the bust and guessed a bottom of between $1 000-$2 000 for Bitcoin way back when in this thread. It remained stable for longer than I thought though, holding at $6K for quite a while before plunging again. Let's see... 
Mate, I can assure you that you have next to NFI.Zenyatta wrote: ↑Wed Nov 28, 2018 2:13 amI don't think we've hit bottom yet. I predicted the bust and guessed a bottom of between $1 000-$2 000 for Bitcoin way back when in this thread. It remained stable for longer than I thought though, holding at $6K for quite a while before plunging again. Let's see...