Anler Posted August 12, 2020 Share Posted August 12, 2020 So about a year ago I became fascinated with the crypto currency market. Started as a Bitcoin inquiry but then I started to learn about the block chain technology and the defi and smart contracts applications. Started throwing some of my side hustle money at some projects that looked promising. When the largest companies in the world are partnering with these projects you know there is some potential. Well we like to measure our dicks about how our investments are doing in the stock market so when I saw what my little just under $8000 investment was at today I kinda snickered. I have accounts on 2 exchanges but it's $48,000 as of today. Doubled in just the last month. 600% in the last year since I started. I'm going to pull out my initial investment today. 3 1 Quote Link to comment Share on other sites More sharing options...
Edmo Posted August 12, 2020 Share Posted August 12, 2020 Take the money and run. I wouldn’t consider these for long term investments. 1 Quote Link to comment Share on other sites More sharing options...
Anler Posted August 12, 2020 Author Share Posted August 12, 2020 Just now, Edmo said: Take the money and run. I wouldn’t consider these for long term investments. I disagree but I am taking my intital money out just in case everrthing blows up I didnt lose anything. There is a lot of crap out there but the ones I am in, the ones that are killing it are going to be around for a while. This is like buying Microsoft in 1990. Its real nerd shit. In fact Microsoft is one of the companies they are partnered with Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted August 12, 2020 Share Posted August 12, 2020 11 minutes ago, Anler said: So about a year ago I became fascinated with the crypto currency market. Started as a Bitcoin inquiry but then I started to learn about the block chain technology and the defi and smart contracts applications. Started throwing some of my side hustle money at some projects that looked promising. When the largest companies in the world are partnering with these projects you know there is some potential. Well we like to measure our dicks about how our investments are doing in the stock market so when I saw what my little just under $8000 investment was at today I kinda snickered. I have accounts on 2 exchanges but it's $48,000 as of today. Doubled in just the last month. 600% in the last year since I started. I'm going to pull out my initial investment today. The problem with Bitcoin is what you just did. You would be nuts to put in a substantial amount of your net worth to really make any long term difference. Just now, Edmo said: Take the money and run. I wouldn’t consider these for long term investments. They're short term plays like gold etc. Quote Link to comment Share on other sites More sharing options...
Anler Posted August 12, 2020 Author Share Posted August 12, 2020 1 minute ago, ArcticCrusher said: The problem with Bitcoin is what you just did. You would be nuts to put in a substantial amount of your net worth to really make any long term difference. They're short term plays like gold etc. I only own about $500 of bitcoin Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted August 12, 2020 Platinum Contributing Member Share Posted August 12, 2020 (edited) 4 minutes ago, Anler said: I disagree but I am taking my intital money out just in case everrthing blows up I didnt lose anything. There is a lot of crap out there but the ones I am in, the ones that are killing it are going to be around for a while. This is like buying Microsoft in 1990. Its real nerd shit. In fact Microsoft is one of the companies they are partnered with I employ this strategy or ones like it often. Many times I simply take the gains and leave the original "market value" in. Edited August 12, 2020 by Highmark Quote Link to comment Share on other sites More sharing options...
Mainecat Posted August 12, 2020 Share Posted August 12, 2020 Good luck. Cash out ASAP. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted August 12, 2020 Share Posted August 12, 2020 Just now, Anler said: I only own about $500 of bitcoin Doesn't matter, what % of your net worth are you willing to place in it? It won't make a difference in the long run. Quote Link to comment Share on other sites More sharing options...
Anler Posted August 12, 2020 Author Share Posted August 12, 2020 Just now, Highmark said: I employ this strategy or ones like it often. Many times I simply take the gains and leave the original "market value" in. Right now its just a hobby but now I have $40k to play around with. If I lose oh well but I think there are more legs here. Institutional money is flying in now. The exchanges are breaking volume records daily. Quote Link to comment Share on other sites More sharing options...
Anler Posted August 12, 2020 Author Share Posted August 12, 2020 (edited) 1 minute ago, ArcticCrusher said: Doesn't matter, what % of your net worth are you willing to place in it? It won't make a difference in the long run. Right now I have 0%. Youve been saying that but 600% is 600%. Ill take it Edited August 12, 2020 by Anler Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted August 12, 2020 Share Posted August 12, 2020 1 minute ago, Mainecat said: Good luck. Cash out ASAP. It's his speculation slush fund dummy. Quote Link to comment Share on other sites More sharing options...
f7ben Posted August 12, 2020 Share Posted August 12, 2020 I fear corrupt central banks will figure out a way to manipulate and devalue crypto’s. It poses a massive threat to their ability to devalue the dollar and other currencies and their mission of stealing wealth 1 Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted August 12, 2020 Share Posted August 12, 2020 2 minutes ago, Anler said: Right now I have 0%. Youve been saying that but 600% is 600%. Ill take it Yes it feels great. Quote Link to comment Share on other sites More sharing options...
Anler Posted August 12, 2020 Author Share Posted August 12, 2020 Just now, f7ben said: I fear corrupt central banks will figure out a way to manipulate and devalue crypto’s. It poses a massive threat to their ability to devalue the dollar and other currencies and their mission of stealing wealth They already have. Fuck, JP Morgan has already taken custody of one of the exchanges tokens for "security" I am not invested in the currencies I am in the defi and smart contracts plays. Those are the ones that every major corp in the world are racing to establish. As the tech grows they are going to really start to make the cracks in centralized finance look like craters to everybody. Its just a matter of time. Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted August 12, 2020 Gold Member Share Posted August 12, 2020 That some great gains! You should go buy a f150 ecoboost with it and start enjoying the good life! 1 Quote Link to comment Share on other sites More sharing options...
Anler Posted August 12, 2020 Author Share Posted August 12, 2020 24 minutes ago, BOHICA said: That some great gains! You should go buy a f150 ecoboost with it and start enjoying the good life! 2021 Polaris 850 VR1 MAGA sled! 2 Quote Link to comment Share on other sites More sharing options...
awful knawful Posted August 12, 2020 Share Posted August 12, 2020 Making this thread proves you have a huge vagina. Quote Link to comment Share on other sites More sharing options...
Anler Posted August 12, 2020 Author Share Posted August 12, 2020 1 minute ago, awful knawful said: Making this thread proves you have a huge vagina. My milkshake brings all the boys to the yard! Quote Link to comment Share on other sites More sharing options...
Mainecat Posted August 12, 2020 Share Posted August 12, 2020 51 minutes ago, ArcticCrusher said: It's his speculation slush fund dummy. I read his post fucktard. just send me the 8k. After 5 years I will send it back and he will be 8k richer. Quote Link to comment Share on other sites More sharing options...
ford_428cj Posted August 12, 2020 Share Posted August 12, 2020 Nice work you Jew bastard 1 Quote Link to comment Share on other sites More sharing options...
Anler Posted August 12, 2020 Author Share Posted August 12, 2020 2 minutes ago, ford_428cj said: Nice work you Jew bastard I know right? Even still all of the haters are telling me to get out but I keep killing it! Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted August 12, 2020 Gold Member Share Posted August 12, 2020 40 minutes ago, Anler said: 2021 Polaris 850 VR1 MAGA sled! Snowmobiling is cancelled for the year...... rona got it Quote Link to comment Share on other sites More sharing options...
Anler Posted August 12, 2020 Author Share Posted August 12, 2020 2 minutes ago, BOHICA said: Snowmobiling is cancelled for the year...... rona got it They cant stop us! Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted August 12, 2020 Share Posted August 12, 2020 1 hour ago, Mainecat said: I read his post fucktard. just send me the 8k. After 5 years I will send it back and he will be 8k richer. You add zero value. Quote Link to comment Share on other sites More sharing options...
Gold Member Stephen Hawking Posted August 12, 2020 Gold Member Share Posted August 12, 2020 WHAT'S YOUR TNW? ANSWER ME 1 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.