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on a serious note, I would not encourage anyone that does not have the money to lose to trade in these.. yeah you get a few folks that got in very early.. I mean if you put 1K when it was < 0.01 then sure.. but now.. not sure it's worth it.

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Just now, Bostonseminole said:

on a serious note, I would not encourage anyone that does not have the money to lose to trade in these.. yeah you get a few folks that got in very early.. I mean if you put 1K when it was < 0.01 then sure.. but now.. not sure it's worth it.

 

Just now, ORH_wxman said:

Yep. You shouldn't invest money in entities that you do not understand (or the person who is investing your money doesn't understand). If you do, then understand that you are just purely gambling which is different from investing.

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1 minute ago, SnoSki14 said:

It makes zero sense to buy in now. I bought about 30K shares when it was worth half a cent and cashed out at 30c.

However doge is merely a pump & dump coin that will crash eventually. I think 20 people own like 60-70% of it. 

fully agree, can't get greedy.. I have my finger on the sell button

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6 minutes ago, Bostonseminole said:

broke 0.6.. 

I dumped half of mine at 0.6.  Even if I lose the rest I'll still come out ahead.

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if you look at this chart, you could say, well wedge triangle,  if it went north then it's a buy signal..so there is some technicals in there that can be traded if you know what you are doing

 

 

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1 minute ago, Bostonseminole said:

fully agree, can't get greedy.. I have my finger on the sell button

Sadly a lot of people don't understand what this stuff is or how market caps work and think this will be the next Bitcoin.

And sure they'll be plenty of people that will profit but they'll be a lot more that lose everything. 

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4 minutes ago, ORH_wxman said:

Yep. You shouldn't invest money in entities that you do not understand (or the person who is investing your money doesn't understand). If you do, then understand that you are just purely gambling which is different from investing.

Wish I had the dough to invest in speculative crap like that. 

I used to think of cypto like this, but seeing larger and larger institutions invest in it sends a new message. It's time to get on board. 

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Just now, SnoSki14 said:

Sadly a lot of people don't understand what this stuff is or how market caps work and think this will be the next Bitcoin.

And sure they'll be plenty of people that will profit but they'll be a lot more that lose everything. 

yes, as long as they keep printing it, they are diluting it's value.. they need to set a limit like they did with BTC and others.. everyday day it's dilution day in DOGE.. so ride the musk wave and sell by Friday is my plan.

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6 minutes ago, DotRat_Wx said:

Wish I had the dough to invest in speculative crap like that. 

I used to think of cypto like this, but seeing larger and larger institutions invest in it sends a new message. It's time to get on board. 

Huge institutions investing it in it doesn't necessarily mean it's "safe" to invest in. You should still understand exactly what you are doing and gain technical knowledge. It's more likely these institutions are eyeing its popularity to exploit rather than as some great long term investment. Remember, these same institutions "invested" in countless bundles of garbage debt and we all saw the result in 2008......and these institutions all have the advantage of being first in line to dump shares if the bottom falls out.

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10 minutes ago, Bostonseminole said:

yes, as long as they keep printing it, they are diluting it's value.. they need to set a limit like they did with BTC and others.. everyday day it's dilution day in DOGE.. so ride the musk wave and sell by Friday is my plan.

If you have doge I would wait till Musk's SNL appearance May 8. I'm sure he'll have a skit about doge, which will cause it to pump further.

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13 minutes ago, DotRat_Wx said:

Wish I had the dough to invest in speculative crap like that. 

I used to think of cypto like this, but seeing larger and larger institutions invest in it sends a new message. It's time to get on board. 

Yup but it’s still spec and those institutions aren’t the end all be all.

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8 minutes ago, BuffaloWeather said:

If you held through the 2008 crash instead of selling you would have a return of over 300%. Can't lose if you never sell. Diamond hands! :lol:

https://www.cnbc.com/2019/03/15/the-stock-markets-gain-in-the-last-10-years-is-one-of-its-best-runs-since-the-1800s.html

 

The stock market is a good long term investment....so you shouldn't get too wrapped up in the spikes and dips if you are a long term investor. The crashes can be scary....1987 crash, dotcom bubble crash, financial crisis in 2008, etc. But it is different than speculative commodities markets. I would tell people if they want to make a long term investment, then go with some safe index equity funds or do your own research into technicals of specific stocks and invest accordingly. If someone was selling me crypto as a safe long term investment, I'd pass. I would call that gambling....which is fine if you want to try and score a big speculative strike. But it's still gambling and anyone putting money into it should be aware of the high volatility and downside that goes along with the upside.

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8 minutes ago, ORH_wxman said:

The stock market is a good long term investment....so you shouldn't get too wrapped up in the spikes and dips if you are a long term investor. The crashes can be scary....1987 crash, dotcom bubble crash, financial crisis in 2008, etc. But it is different than speculative commodities markets. I would tell people if they want to make a long term investment, then go with some safe index equity funds or do your own research into technicals of specific stocks and invest accordingly. If someone was selling me crypto as a safe long term investment, I'd pass. I would call that gambling....which is fine if you want to try and score a big speculative strike. But it's still gambling and anyone putting money into it should be aware of the high volatility and downside that goes along with the upside.

I invest in equities and etfs but gamble with cryptos. One can do both. 

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27 minutes ago, ORH_wxman said:

The stock market is a good long term investment....so you shouldn't get too wrapped up in the spikes and dips if you are a long term investor. The crashes can be scary....1987 crash, dotcom bubble crash, financial crisis in 2008, etc. But it is different than speculative commodities markets. I would tell people if they want to make a long term investment, then go with some safe index equity funds or do your own research into technicals of specific stocks and invest accordingly. If someone was selling me crypto as a safe long term investment, I'd pass. I would call that gambling....which is fine if you want to try and score a big speculative strike. But it's still gambling and anyone putting money into it should be aware of the high volatility and downside that goes along with the upside.

It (Stock market ) *has been a good investment if you are in index funds only 

so many individual stocks go belly up or perform poorly and get kicked out of indexes at major downturns and then are replaced with newer successful companies so the average index keeps chugging upward 

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14 minutes ago, RUNNAWAYICEBERG said:

I invest in equities and etfs but gamble with cryptos. One can do both. 

Oh absolutely...never said you can't. You're talking to a dude who used to count cards in blackjack and got tossed from a lot of casinos, lol.

It's just that people should understand the difference between the two.

 

4 minutes ago, STILL N OF PIKE said:

It (Stock market ) *has been a good investment if you are in index funds only 

so many individual stocks go belly up or perform poorly and get kicked out of indexes at major downturns and then are replaced with newer successful companies so the average index keeps chugging upward 

For sure...that's why I mentioned looking at technicals and educating yourself when you pick individual stocks. Individual stocks can be very much like gambling with commodities. Index funds are the safer play and require less knowledge.

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31 minutes ago, DotRat_Wx said:

I think we're past the time of considering some crypto as speculative. Would have expected a crash by now. Hasn't happened. Hmm

We've already seen it crash before....BTC went from 20k to 3k in under a year between late 2018 and 2019...an 85% reduction...it obviously has gone back up now well past it's previous highs, but would it really be shocking if it tanked to like 8k or something? What if the true value of BTC is really just a niche market somewhere in the neighborhood of 5k and not an order of magnitude higher than that?

The idea is that we should invest in crypto because it keeps going up even if we cannot explain the fundamentals behind the rise. That makes it speculative.

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26 minutes ago, ORH_wxman said:

We've already seen it crash before....BTC went from 20k to 3k in under a year between late 2018 and 2019...an 85% reduction...it obviously has gone back up now well past it's previous highs, but would it really be shocking if it tanked to like 8k or something? What if the true value of BTC is really just a niche market somewhere in the neighborhood of 5k and not an order of magnitude higher than that?

The idea is that we should invest in crypto because it keeps going up even if we cannot explain the fundamentals behind the rise. That makes it speculative.

That's because of this. I don't expect that to happen again. 

https://finance.yahoo.com/news/st-louis-fed-suggests-short-sellers-crushed-bitcoin-131420239.html

In relation to that, the reason ETH went up so much this week.

https://cryptopotato.com/over-375-million-shorts-liquidated-in-a-day-as-eth-price-tapped-3450/

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16 minutes ago, dendrite said:

Cumrocket doubling in size today. The wife is impressed.

I thought you’d get showered with Vagecoin’s instead but congrats to her. 

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41 minutes ago, BuffaloWeather said:

That's because of this. I don't expect that to happen again. 

https://finance.yahoo.com/news/st-louis-fed-suggests-short-sellers-crushed-bitcoin-131420239.html

In relation to that, the reason ETH went up so much this week.

https://cryptopotato.com/over-375-million-shorts-liquidated-in-a-day-as-eth-price-tapped-3450/

You're giving a technical explanation for a short term move....that is something that absolutely can happen again. What we're still missing with crypto is fundamentals. It is still a speculative play. Doesn't mean it is an incorrect bet, but this is much more akin to volatile commodities than equities....except crypto isn't even physical like commodities.

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5 hours ago, RUNNAWAYICEBERG said:

I’m such an idiot. I was that guy who was brushing it off since the get go but had I bought 10k coins at a penny for just a hundo (just in case), I’d be getting daily Krafts from the wife right about now. 

Don't get me started on being an idiot.  Screenshot is from when I sold all my Doge.  I'll let you guys do the math for the current price...   :axe::axe::axe:

image.thumb.png.303debd696a4b50d842eb3ce9d677c6d.png

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1 minute ago, metagraphica said:

Don't get me started on being an idiot.  Screenshot is from when I sold all my Doge.  I'll let you guys do the math for the current price...   :axe::axe::axe:

image.thumb.png.303debd696a4b50d842eb3ce9d677c6d.png

I'm having a hard time doing the math lol..

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1 hour ago, ORH_wxman said:

You're giving a technical explanation for a short term move....that is something that absolutely can happen again. What we're still missing with crypto is fundamentals. It is still a speculative play. Doesn't mean it is an incorrect bet, but this is much more akin to volatile commodities than equities....except crypto isn't even physical like commodities.

Yeah, I know I've mentioned this in the past ...But it's just another social construct,  an illusion of value that is purely invented and so everyone involved merely wants to agree it exist. 

We say oil and gold,  lumber and paper and ...well, commodities have intrinsic value and they do; but even in saying so, those only do to those that think they need them.. Ask an Eskimo, with lamp lights burning seal blubber oil, and their cultural/provisional model based upon mastery of survival via other means than western cultural perception of need, ask them what has value. They'd blow their knows with t-notes while they explain to you how CC is destroying their means to survive. 

( Sometimes a "proverbial" comet impact and dose of humility needs to happen to drive humility and most importantly, reality .. back into the awareness arena...    But, commodity -based economics is way, way far more substantiating the value a dollar than anything that crypto crap represents.  )

Know what it represents?  Crypton. That's what!     =  'crypton to any commodity based economic systems' 

The reason I'm mentioning this is because I agree with your bold - it's spot on.   I mean the "volatility" you mentioned in the previous sentence is merely predictive via crowd physics' - that's all it is.  If one has some sort of special gift or talent or insight into how waves ripple through the dunces they may come out looking like the head of the class - but at what?

What I find peculiar, how in the f* is a vapidly unsubstantiated and not really footed in commodities arbitrary system, getting people laid?

- that's transferring one economic system that at least tries to make the illusion more physical  ..into a "fake" system of value - it starts taking value out of the substantiated value side, because of abandonment ... right?

That reeks of break down in social order frankly, and that's a problem when economy's abstract purpose for existing, stitching/organizimg culture together around a common them, is no longer agreed upon.  Doesn't that begin to come unraveled? 

I think it's probably demo-able in the math of it .. 

Economy is not my bag, but... I wonder: is it just a matter of time before the gov or some oversight necessity/org/agency steps in and regulates the shit out of it to stop it from sucking value from the substantiated side... sending the investors fleeing like the sky-filled-with-bird scene in Day After Tomorrow. And all these people that have 'real' money invested will get left hold a bag of dog shit when any real currency abandons and the emptiness gets exposed ... 

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3 hours ago, ORH_wxman said:

The stock market is a good long term investment....so you shouldn't get too wrapped up in the spikes and dips if you are a long term investor. The crashes can be scary....1987 crash, dotcom bubble crash, financial crisis in 2008, etc. But it is different than speculative commodities markets. I would tell people if they want to make a long term investment, then go with some safe index equity funds or do your own research into technicals of specific stocks and invest accordingly. If someone was selling me crypto as a safe long term investment, I'd pass. I would call that gambling....which is fine if you want to try and score a big speculative strike. But it's still gambling and anyone putting money into it should be aware of the high volatility and downside that goes along with the upside.

The price you pay for earning power is still ultimately the most important determinant in your long run return. People who chased the market in 1929 didn't recover their losses (if they actually resisted selling during a nearly 90% decline) until the 1960s. Buyers in 2000 took 16 years to break even. Most people are not that patient. If, on the other hand, you have the fortitude to buy in the midst of a significant crisis and can stomach being in the hole for a while, the market can do great things for you over the long run. You could have picked up Apple or Amazon for a couple bucks a share in 2002 or 2003. A relatively minor sum in either company then would've netted you a multi-hundred bagger.

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