9 minutes ago, TEW said:

Stop being a p**sy and use leverage!

Ok can I please borrow some money from the bank of TEW!? 

25 minutes ago, Aspiritfall said:

Ok can I please borrow some money from the bank of TEW!? 

Just put all of your money into way out of the money calls and buy your lambos later!

7 minutes ago, TEW said:

Just put all of your money into way out of the money calls and buy your lambos later!

I did look into options trading and I don't know a damn thing about it so I'm staying away... Etfs for this guy for a while and eventually I will buy some company stocks 

9 minutes ago, Aspiritfall said:

I did look into options trading and I don't know a damn thing about it so I'm staying away... Etfs for this guy for a while and eventually I will buy some company stocks 

Keep most of your money in index funds, and don't touch it. If anything, buy more of the s&p during corrections. Don't get a big head thinking you can make a living as a day trader.

22 minutes ago, we_gotta_believe said:

Keep most of your money in index funds, and don't touch it. If anything, buy more of the s&p during corrections. Don't get a big head thinking you can make a living as a day trader.

Nah I don't mess with it... I'm just buying and holding... Mostly the 5 main Ark etfs... I love Cathie Wood... I'd shove 100 bucks up my ass if she told me to and it would be worth more in a year 

33 minutes ago, we_gotta_believe said:

Keep most of your money in index funds, and don't touch it. If anything, buy more of the s&p during corrections. Don't get a big head thinking you can make a living as a day trader.

Amen. I haven't touched a dime and am in a great position because of it . 

4 hours ago, Aspiritfall said:

I did look into options trading and I don't know a damn thing about it so I'm staying away... Etfs for this guy for a while and eventually I will buy some company stocks 

Just buy buy buy - nothing bad can happen.  

Hi everyone 

You'd be up a nice 16x on Bitcoin if you bought when I originally made this thread on the previous EMB 

Not sure when I recommended Ethereum, maybe around $150? That would be like 5x

17x now. Sorry 

Are WE rich yet Matt? 

Damn it I sold my 30 bucks worth of dogecoins to buy stupid bitcoin 

Guess I have to admit defeat on this one. Or predict another massive drop. Either way, that cycle can last years. I'm tapping out.

34 minutes ago, Paul852 said:

Guess I have to admit defeat on this one. Or predict another massive drop. Either way, that cycle can last years. I'm tapping out.

This is why shorting bitcoin is a really bad idea. Losses can pile up super quick and you put yourself in a position so easily prone to chasing. Call it irrational, call it illogical, call it whatever you want, but the reality of it won't change. Cryptocurrencies are here, good or bad, they're part of our future and they're not going anywhere.

8 hours ago, Aspiritfall said:

Are WE rich yet Matt? 

If we combine our totals, it's going pretty well lol 

5 hours ago, Paul852 said:

Guess I have to admit defeat on this one. Or predict another massive drop. Either way, that cycle can last years. I'm tapping out.

Different story this time compared to 2017. Institutional money now vs retail money back then. Combine that with several regulatory hurdles being reached and it’s not the obvious bubble that it was back then.

Doesn’t mean we won’t see a big swing down at some point, but the no brainer bubble that only morons didn’t see in 2017 is not repeating this time around.

5 minutes ago, TEW said:

Different story this time compared to 2017. Institutional money now vs retail money back then. Combine that with several regulatory hurdles being reached and it’s not the obvious bubble that it was back then.

Doesn’t mean we won’t see a big swing down at some point, but the no brainer bubble that only morons didn’t see in 2017 is not repeating this time around.

Finally seeing the light after claiming it was "all tulips" back when BTC at $600 on the old boards? Took ya long enough.

15 minutes ago, we_gotta_believe said:

Finally seeing the light after claiming it was "all tulips" back when BTC at $600 on the old boards? Took ya long enough.

I never had a strong opinion on BTC until it was at massive all time highs in 2017. I saw the uses and risk and didn’t think it was worth taking at the time, but it was still intriguing. That was until 2017 when it was obvious mania. At that point, yeah, I was laughing at it. You’re damn right I was calling it tulips then. Because it was tulips. Literal speculative mania.

I wouldn’t say I’m "seeing the light” as some kind of BTC zealot so much as changing conditions changed my outlook. I’m not some all in FOMO moron, but at sub $10K with institutional players coming in I like the bet.

The important difference between then and now are the regulatory developments which took enormous amounts of risk off the table. Kudos for hitting on the speculation if you were buying at 3 digits and held, but that wasn’t a risk worth taking for me, and I wonder how many people who think they are crypto geniuses actually understood the headline risk they were buying. Basically, I think buying at $10K with the regulatory risk off the table is a better bet than $500 with BTC being known for Silk Road and terrorism.

Bitcoin was the same thing in 2013 as it is today

57 minutes ago, mattmcginley7 said:

Bitcoin was the same thing in 2013 as it is today

But the regulatory view wasn’t... that’s the difference between institutional investment and potentially being a black market asset that gets you thrown in jail.

1 hour ago, mattmcginley7 said:

Bitcoin was the same thing in 2013 as it is today

Fewer doubters with each passing year, but the technology has remained the same.

2 hours ago, TEW said:

I never had a strong opinion on BTC until it was at massive all time highs in 2017. I saw the uses and risk and didn’t think it was worth taking at the time, but it was still intriguing. That was until 2017 when it was obvious mania. At that point, yeah, I was laughing at it. You’re damn right I was calling it tulips then. Because it was tulips. Literal speculative mania.

I wouldn’t say I’m "seeing the light” as some kind of BTC zealot so much as changing conditions changed my outlook. I’m not some all in FOMO moron, but at sub $10K with institutional players coming in I like the bet.

The important difference between then and now are the regulatory developments which took enormous amounts of risk off the table. Kudos for hitting on the speculation if you were buying at 3 digits and held, but that wasn’t a risk worth taking for me, and I wonder how many people who think they are crypto geniuses actually understood the headline risk they were buying. Basically, I think buying at $10K with the regulatory risk off the table is a better bet than $500 with BTC being known for Silk Road and terrorism.

Nah, I distinctly remember you and pffb bashing it back in 2016, likening it to tulips, baseball cards, etc. It's okay though, I can't dig up the posts now that the boards are gone, so you don't have to worry.

1 hour ago, TEW said:

But the regulatory view wasn’t... that’s the difference between institutional investment and potentially being a black market asset that gets you thrown in jail.

It was never going to be considered a black market asset

40 minutes ago, we_gotta_believe said:

Nah, I distinctly remember you and pffb bashing it back in 2016, likening it to tulips, baseball cards, etc. It's okay though, I can't dig up the posts now that the boards are gone, so you don't have to worry.

Nah, wrong guy my dude. Only called it tulips during that bubble when it was, in fact, speculative mania.

Prior to that I probably pushed back citing regulatory concerns. That’s always been my main issue. Doesn’t matter how great the technology is, if the government is going to lock you up and prevent you from monetizing it, it’s worthless.

7 minutes ago, TEW said:

Nah, wrong guy my dude. Only called it tulips during that bubble when it was, in fact, speculative mania.

Prior to that I probably pushed back citing regulatory concerns. That’s always been my main issue. Doesn’t matter how great the technology is, if the government is going to lock you up and prevent you from monetizing it, it’s worthless.

You're a terrible liar. If lying about this comes so easily to you, who knows what else you've lied about. Probably plenty I'm sure. For what? I don't even get the point. It's just sad.