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#874001 - 12/07/13 01:38 PM What goes up . . .
Dave Vedder Offline
Reverend Tarpones

Registered: 10/09/02
Posts: 8587
Loc: West Duvall
I see Bitcoins have lost more than 24% of their value this week. IMHO anything that shoots up as fast as Bitcoins did can come down just as fast.
_________________________
No huevos no pollo.

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#874007 - 12/07/13 02:14 PM Re: What goes up . . . [Re: Dave Vedder]
JTD Offline
River Nutrients

Registered: 03/08/99
Posts: 3068
Loc: Browns Point,Wa. USA





The Chinese rejected all digital currency and specifically Bitcoin. I believe it is a temporary set back but I am not an expert. Hopefully FP or Dogfish has more insight.



http://memeburn.com/2013/12/chinese-government-outright-rejects-bitcoin-as-currency/
_________________________
In the legend of King Arthur, the Fisher King was a renowned angler whose errant ways caused him to be struck dumb in the presence of the sacred chalice. I am no great fisherman, and a steelhead is not the covenant of Christ, but with each of these fish I am rendered speechless.

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#1040545 - 10/27/20 10:36 AM Re: What goes up . . . [Re: Dave Vedder]
JussieSmolt Offline
Spawner

Registered: 04/13/20
Posts: 722
Anyone make sure Reefskunk hasn't had a nervous breakdown?

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#1040555 - 10/27/20 12:53 PM Re: What goes up . . . [Re: Dave Vedder]
The Moderator Offline
The Chosen One

Registered: 02/09/00
Posts: 14486
Loc: Tuleville
Originally Posted By: Dave Vedder
I see Bitcoins have lost more than 24% of their value this week. IMHO anything that shoots up as fast as Bitcoins did can come down just as fast.


..but look at Bitcoin now.

Kinda wish you would have purchased some back in 2013, huh?

and while you were at it and have gone back in the PP TimeMachine, pick up some stocks in Tesla....Apple....Amazon....Starbucks......
_________________________
Tule King Paker

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#1040569 - 10/27/20 02:09 PM Re: What goes up . . . [Re: The Moderator]
stlhdr1 Offline
BUCK NASTY!!

Registered: 01/26/00
Posts: 6424
Loc: Vancouver, WA
Originally Posted By: elparquito
Originally Posted By: Dave Vedder
I see Bitcoins have lost more than 24% of their value this week. IMHO anything that shoots up as fast as Bitcoins did can come down just as fast.


..but look at Bitcoin now.

Kinda wish you would have purchased some back in 2013, huh?

and while you were at it and have gone back in the PP TimeMachine, pick up some stocks in Tesla....Apple....Amazon....Starbucks......


And... This same conversation will be had in another 8 years... Shoulda, coulda, woulda...

Keith
_________________________
It's time to put the red rubber nose away, clown seasons over.


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#1040579 - 10/27/20 04:19 PM Re: What goes up . . . [Re: The Moderator]
Steelheadman Offline
River Nutrients

Registered: 03/15/99
Posts: 4214
Loc: Poulsbo, WA,USA
Originally Posted By: elparquito
Originally Posted By: Dave Vedder
I see Bitcoins have lost more than 24% of their value this week. IMHO anything that shoots up as fast as Bitcoins did can come down just as fast.


..but look at Bitcoin now.

Kinda wish you would have purchased some back in 2013, huh?

and while you were at it and have gone back in the PP TimeMachine, pick up some stocks in Tesla....Apple....Amazon....Starbucks......


Took some profits (90% in 19 months) a couple of weeks ago, Apple, Facebook, Starbucks, Home Depot, The Trade Desk (Check out TTD), WIX, New Relic. Sold off Canopy Growth at a loss (was up 50% at one time. Waiting for a little correction. Took half and bought more Apple Monday. Looking to invest when the market goes down. Some sectors or stocks can go up in a down market. Haven't tried health or pharma or bitcoin. Starbucks should be good, maybe Tesla.
_________________________
I'd Rather Be Fishing for Summer Steelhead!

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#1040584 - 10/27/20 06:55 PM Re: What goes up . . . [Re: Steelheadman]
The Moderator Offline
The Chosen One

Registered: 02/09/00
Posts: 14486
Loc: Tuleville
Originally Posted By: Steelheadman
Looking to invest when the market goes down. .


Good plan.

I see a market correction of some kind happening in the not to distant future.

Having some cash on hand to buy during a market low is a good thing!

My investment portfolio is up 88% for the year.

88%.

Oooof.
_________________________
Tule King Paker

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#1040585 - 10/27/20 07:22 PM Re: What goes up . . . [Re: The Moderator]
Streamer Offline
No Stars for You!

Registered: 11/08/06
Posts: 2271
Loc: T-Town
Originally Posted By: elparquito
Originally Posted By: Steelheadman
Looking to invest when the market goes down. .


Good plan.

I see a market correction of some kind happening in the not to distant future.

Having some cash on hand to buy during a market low is a good thing!

My investment portfolio is up 88% for the year.

88%.

Oooof.


That’s fantastic. I’m at 67% YTD. Have a plan for if Trump gets re-elected and have another plan for if should Biden win. You will want a different strategy for each.
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Space Available! Say something idiotic today!

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#1040597 - 10/28/20 08:33 AM Re: What goes up . . . [Re: Dave Vedder]
Carcassman Offline
River Nutrients

Registered: 11/21/07
Posts: 7428
Loc: Olema,California,Planet Earth
Currently we are at about 98% of 12/31/19 values. Good advisors help a lot.

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#1040604 - 10/28/20 09:38 AM Re: What goes up . . . [Re: Dave Vedder]
Salmo g. Offline
River Nutrients

Registered: 03/08/99
Posts: 13523
I continue to buy high and sell low, hoping to make it up on volume. It hasn't worked out like I'd hoped.

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#1040610 - 10/28/20 10:15 AM Re: What goes up . . . [Re: Dave Vedder]
Streamer Offline
No Stars for You!

Registered: 11/08/06
Posts: 2271
Loc: T-Town

Another big drop is expected to occur. It started yesterday which happened to be Tuesday.

https://www.fool.com/investing/2020/10/26/new-data-suggests-a-stock-market-crash-may-be-immi/
_________________________
Space Available! Say something idiotic today!

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#1040611 - 10/28/20 10:19 AM Re: What goes up . . . [Re: Streamer]
stlhdr1 Offline
BUCK NASTY!!

Registered: 01/26/00
Posts: 6424
Loc: Vancouver, WA
If it were me, I'd get the hell out of the market and buy property in the outskirts of the general populations.. Oh wait, that's what I already did... Screw the volatility, property is long term investment that makes sense. You may see some highs and lows but populations keep growing and unless people start building upward, they've got to start moving outward...

Keith
_________________________
It's time to put the red rubber nose away, clown seasons over.


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#1040634 - 10/28/20 01:55 PM Re: What goes up . . . [Re: Dave Vedder]
OceanSun Offline
Repeat Spawner

Registered: 07/01/04
Posts: 1303
Loc: North Creek
That and the tens of thousands of tech workers that can now work from anywhere indefinitely will continue to drive up values on the outskirts and nearby rural areas.
_________________________
. . . and God said unto them, Be fruitful, and multiply, and have dominion over the fish of the sea . . .

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#1040648 - 10/28/20 03:47 PM Re: What goes up . . . [Re: ]
ArvidBarker
Unregistered


I just bought 50 shares of homeless encampments. The wave of the future!!

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#1040675 - 10/28/20 08:51 PM Re: What goes up . . . [Re: Dave Vedder]
OceanSun Offline
Repeat Spawner

Registered: 07/01/04
Posts: 1303
Loc: North Creek
Slumlord fvckers
_________________________
. . . and God said unto them, Be fruitful, and multiply, and have dominion over the fish of the sea . . .

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#1041041 - 11/02/20 07:02 PM Re: What goes up . . . [Re: OceanSun]
fish4brains Offline
Dah Rivah Stinkah Pink Mastah

Registered: 08/23/06
Posts: 6868
Loc: zipper
_________________________
...
Propping up an obsolete fishing industry at the expense of sound fisheries management is irresponsible. -Sg



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