Down goes the Dow

agip wrote:

well that smarts.

DogecoinDOGE

PRICE

$0.177796

24 HOUR % CHANGE

-36.96%

why doesn't that surprise me?

Whelp, swaglord checking in here. Getting straight REKT with crypto.

I think overall I'm still up, but it can't be that substantially. I might've lost about $90k in the past few weeks by holding on.

Tbh the only thing I regret is not trimming the "butter" from a few riskier coins.

I have about 50k cash as dry powder, and another 65k in stocks so I should be good to weather the storm.

Not sure when this current narrative is gonna change, but the combination of environment concerns, CCP crackdown, and Elon being a goofball... it's tough.

Good luck.

I got out and only holding less than 10% of the bulk of what i had, which was never very much to start with, so i would just dump it but it's insignificant enough to not even bother.

agip wrote:

well that smarts.

DogecoinDOGE

PRICE

$0.177796

24 HOUR % CHANGE

-36.96%

In a functioning financial system this should not trade at all, and be illegal to do so. What people believe is real makes no sense, other than from the standpoint of a roll the dice gamble during the largest bubble ever. Incredibly stupid behavior.

Ghost of Igloi wrote:

agip wrote:

well that smarts.

DogecoinDOGE

PRICE

$0.177796

24 HOUR % CHANGE

-36.96%

In a functioning financial system this should not trade at all, and be illegal to do so. What people believe is real makes no sense, other than from the standpoint of a roll the dice gamble during the largest bubble ever. Incredibly stupid behavior.

nah

a functioning financial system is open to innovation and change like crypto, without a heavy foot of regulation stomping off creation.

of course there has to be strong regulation against fraud and misreprentation. But that's not the problem with crypto.

investing has always had a large amount of bubbles and stupid investments. Crypto may be just one in a long, long line of investments that worked really well for a while...then collapsed.

Ghost of Igloi wrote:

What people believe is real makes no sense

Says the guy who believes “The Big Lie”.

agip wrote:

Ghost of Igloi wrote:

In a functioning financial system this should not trade at all, and be illegal to do so. What people believe is real makes no sense, other than from the standpoint of a roll the dice gamble during the largest bubble ever. Incredibly stupid behavior.

nah

a functioning financial system is open to innovation and change like crypto, without a heavy foot of regulation stomping off creation.

of course there has to be strong regulation against fraud and misreprentation. But that's not the problem with crypto.

investing has always had a large amount of bubbles and stupid investments. Crypto may be just one in a long, long line of investments that worked really well for a while...then collapsed.

Dogecoin? Bitcoin?

Nah!

Bertrand wrote:

Ghost of Igloi wrote:

What people believe is real makes no sense

Says the guy who believes “The Big Lie”.

Even the Troll knows “The Big Truth,” markets only go up and this thread is dead.

Ghost of Igloi wrote:

https://twitter.com/hussmanjp/status/1404452714633965571

Sounds like he is describing the last four years. And I am not talking about crypto or investing.

all time high nasdaq

tech stocks back in fashion?

might make sense as the broad market is sensing a slowdown in the general economy in 2022.

tech stocks will still have growth even if the broad economy slows so they might be rising in anticipation of that.

seattle prattle wrote:

Ghost of Igloi wrote:

https://twitter.com/hussmanjp/status/1404452714633965571

Sounds like he is describing the last four years. And I am not talking about crypto or investing.

Yes, like defunding the Seattle Police Department. 🤡

Ghost of Igloi wrote:

Bertrand wrote:

Says the guy who believes “The Big Lie”.

Even the Troll knows “The Big Truth,” markets only go up and this thread is dead.

Sorry (not) Igy, but your boy is not coming back anytime soon. Enjoy the peace and quiet.

Mid-year check.

How are you all doing?

So far, my stuff is up 11.92% YTD.

Dow is up 11.73% YTD.

So, pretty much right on so far. I'll take it.

I share, but I'm interested in YOU and how YOU are doing. So, whatcha got?

Flagpole wrote:

Mid-year check.

How are you all doing?

So far, my stuff is up 11.92% YTD.

Dow is up 11.73% YTD.

So, pretty much right on so far. I'll take it.

I share, but I'm interested in YOU and how YOU are doing. So, whatcha got?

Anyone? Buehler? Buehler?

I guess you haven’t heard, markets only go up. Thus this thread is dead. Even the Troll knows that.

Flagpole wrote:

Mid-year check.

How are you all doing?

So far, my stuff is up 11.92% YTD.

Dow is up 11.73% YTD.

So, pretty much right on so far. I'll take it.

I share, but I'm interested in YOU and how YOU are doing. So, whatcha got?

Ghost of Igloi wrote:

I guess you haven’t heard, markets only go up. Thus this thread is dead. Even the Troll knows that.