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Author Topic:   Bit Coin: 2 bit bubble
AZPaul3
Member
Posts: 6034
From: Phoenix
Joined: 11-06-2006
Member Rating: 3.7


(3)
Message 124 of 178 (887490)
08-06-2021 12:12 PM
Reply to: Message 121 by Phat
08-05-2021 5:34 PM


Re: Shifty Schiff and the Financial Apologists
im not an idiot.

From this perspective this statement is suspect.

You've said you have a history of gambling and, apparently not successfully. You've had that experience. You know the emotional high you get by taking the chance. You know you had a problem with choosing your bets in the past.

You should have felt those same emotions luring you into this bet. You didn't learn from your past.

Regardless, you are now in a position of your own making and "buyer's remorse" may be grating on your mind from all this negative feedback.

If you are really able to afford this investment without selling the farm, and you yourself indicated a 3-5 year timeframe to see this through, then I have some more advice for you.

Don't break under the pressure and sell out your investment. You are in it now and to dump it is a sure loss. Your best move, at this point, is to ride the bumper car and hope your prognostications are correct.

What I'm concerned about is, now that you have made this error, you will be susceptible to remorse, embarrassed at the error and the need to correct the error by selling out at every down tick.

Don't do that.

You're willing to give it a 3 year stint ... do so.

And stop looking at the daily market. Ignore the daily shifts. Every quarter you check the market. If/when there is an uptick that gives you a clear break-even or gain after expenses, then you can sell.

You made a bet. Consider yourself under contract like a come bet in craps. You cannot bring it down until the future is revealed.

Edited by AZPaul3, : No reason given.


Eschew obfuscation. Habituate elucidation.

This message is a reply to:
 Message 121 by Phat, posted 08-05-2021 5:34 PM Phat has responded

Replies to this message:
 Message 125 by vimesey, posted 08-06-2021 4:08 PM AZPaul3 has not yet responded
 Message 126 by Phat, posted 08-07-2021 6:57 AM AZPaul3 has not yet responded

  
AZPaul3
Member
Posts: 6034
From: Phoenix
Joined: 11-06-2006
Member Rating: 3.7


Message 151 of 178 (887593)
08-12-2021 4:22 PM
Reply to: Message 147 by Phat
08-12-2021 7:51 AM


Re: Todays Facts from Yahoo Finance
I see $100.00 silver and $3000.00+ Gold.

You see nothing, Phat. Based on your predicament, you are hoping, praying.

Ringo does have a point in that when I see that level I should sell and take my profits rather than hang on and hope for $200.00 silver.

Ringo is right.

As I said before, if the price reaches a level where you can get out without loss ... take it!

The safety deposit box itself costs $50.00 a year!

Silly Phat! That's what under your mattress is for. And be sure to include that amount in your analysis of when to sell.

Edited by AZPaul3, : No reason given.


Eschew obfuscation. Habituate elucidation.

This message is a reply to:
 Message 147 by Phat, posted 08-12-2021 7:51 AM Phat has not yet responded

  
AZPaul3
Member
Posts: 6034
From: Phoenix
Joined: 11-06-2006
Member Rating: 3.7


(2)
Message 176 of 178 (888116)
09-04-2021 11:02 AM
Reply to: Message 174 by Phat
09-04-2021 10:40 AM


Re: Todays Facts from Yahoo Finance
I apologize for my rants.

Why? No one else does. Ranting is part of the fun of this place.

Yeah, go get your physical self right. Taking a break from this place can help. You go thru a lot of pushback in these pages, deservedly so, but that has got to be wearing. Without this release for your emotions, however, this next month could be even harder.

Up at the top of this page is a command bar. One of the commands is 'Messaging'. If things in your head get bad, Phat, use that button. You know there are at least a half-dozen of us here ready to help you if we can.


Eschew obfuscation. Habituate elucidation.

This message is a reply to:
 Message 174 by Phat, posted 09-04-2021 10:40 AM Phat has acknowledged this reply

  
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