Posted on 03/11/2022 8:55:37 AM PST by SeekAndFind
Real estate in UAE? It would be their just desert. If they’re willing Dubai, the emirates will be willing to sell.
“And I seem to find the happiness I seek,
When we’re out together dancing sheik to sheik...”
A 6 month chart of bitcoin looks like the glidepath of an airliner going 35 thousand feet to landing.
Did anyone see the bump that started a couple weeks ago when the invasion started? Does anyone see the drop recently?
If you were a Russian Oligarch or Bitcoin multimillionaire...don’t you think they would be slightly ahead of the Western News?
Once again, the news is a day late and a dollar short. The only people getting caught in this downdraft are the kids who are trying to day trade instead of going to their Micro-economics class.
Paper profits are never profits until you cash them in for real assets.
There is a lesson here for everyone.
Thats not what this was about.
This was some group of “millionares” seeing the writing on the wall. They bought crypto on the black market in Russia, or and then transfered it to an exchange who doesn’t care where the money comes from.
My guess, and this is only a guess, is that the price of the crypto sold was not equal to the amount these Russians received. Remember the movie Casablanca? Everything costs more in Casablanca because everyone charged a corruption premium.
What you are seeing is the case study for the crypto use that is peer to peer and, pretty much, free from government intervention.
There are ALWAYS people in the world who will help you liquidate their assets. And those dollars are probably enjoying the Caribbean sun by now.
Do you look at the Dow or the S&P over six months?
Not saying a lot of people don’t...but if you bought crypto in 2013 (where a lot of folks around here bought it) the trade is still the best trade of their lives—even 50% off the recent high.
"Looking good, Louis!"
Just to put it in perspective.
There are four things I measure every day in my financial spreadsheet:
Compound Annual Rate for Bitcoin, Gold, Silver, and SP500
I measure from May 2013. These are as of this morning.
S&P 500 CAGR is 10.90%
Silver CAGR is 4.0517
Gold CAGR is 4.013%
Bitcoin CAGR is 93.1%
If you are looking at a 10 year time frame, it is important to keep things in perspective. Bitcoin is wildly sporadic and is not for the feint of heart or those with a short time frame.
But it doesn’t take many years at 93% compound annual growth to turn a throw away “speculation” into a live changing amount of money.
Your mileage is going to vary. But after more than ten years of reading about this stuff—and 9 years of owning (almost) you get used to the wild swings. And you take some off the top and spread it around fairly regularly.
And you pay your taxes and keep immaculate records because the IRS is ALL over that.
And if you bought Apple in 1984... who cares? It only matters where will it go from here, PERIOD. Should I have bought Sears stock a few years ago, just because it performed well for the first 100 years? Or Xerox?
EXACTLY.
And its under the name of a company, owned by a lawyer from Panama.
Essentially....its gone.
There is a reason this is plastered everywhere in the trading and investment world:
Past Performance Is No Guarantee of Future Results
Really? So the Apple shares that I bought when they were $20 should be sold because they are down recently.
I am not sue I follow your logic.
Of course, you seem to be too busy making excuses why you didn’t research in it ten years…and you warn off anyone looking to do so today.
Sounds like sour grapes to me.
When your time frame is measured in days, it’s no wonder think this way.
If you don’t understand “the logic” that the trading/investing performance from in the past may not be meaningful to what is happening now or in the future, this is not an area you should be involved in. Read this and ponder it’s meaning:
Past Performance Is No Guarantee of Future Results
How many times are you going to write that?
You must think I have crypto as “the basis” of my portfolio. That’s silly.
My point is that you look at the past six months, but ignore the context of the larger picture. You ignore the adoption cycle. You ignore the institution adoption. You ignore the investment in the infrastructure.
Nope, you look at six months price movement and you make a declaration.
Do you look at earnings history? Revenue growth? Expansion history? Dividend growth when looking at investments? All of these things related to traditional investments require a look at a 1-3-5 year window.
Am I saying the CAGR is going to stay at 93%? Your argument suggests that. And that means you are simply arguing to argue. And that’s a waste of time.
It’s extremely foolish of you to be a know-it-all on what I think and how I invest, simply because I said look at the the 6 month chart.
But you make all sorts of assumptions about MY investing based on almost nothing.
I simply said you need to look at context. Your post indicated at the last six months was all the context you needed.
You do this often on lots of threads. And then you turn it into some kind of personal attack. Why don’t you spend as much time learning what you are debating about. Your arguments are juvenile, and your “debating” skills are infantile.
You are a Joe retail trader that is all full of yourself.
“Your post indicated at the last six months was all the context you needed.”
That was a lame assumption you made. There was nothing in my post where I implied that. I call you out on stupid and then you get your feelings hurt.
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