What goes up . . .

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.

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/

Anyone make sure Reefskunk hasn't had a nervous breakdown?

..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

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.

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.

Currently we are at about 98% of 12/31/19 values. Good advisors help a lot.

I continue to buy high and sell low, hoping to make it up on volume. It hasn't worked out like I'd hoped.

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/

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

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.

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

Slumlord fvckers