The dot-com bubble burst only to come back stronger, look at where we are now
Bitcoin and the dot-com bubble
- Thread starter fishfry600
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1 other person
Superstar
Yes the housing market too. I cant wait for the cryptocurrency crash. Thats a good chance to put some skin in the game and potentially walk away a millionaire.
SadimirPutin
Superstar
blockchain technology will be around for a long time...
but the rise in bitcoin price is true irrational exuberance.....which is in itself not a problem per se but you should be very careful and take periodic gains off the table from time to time
but the rise in bitcoin price is true irrational exuberance.....which is in itself not a problem per se but you should be very careful and take periodic gains off the table from time to time
Nothing wrong with it. Just gotta always make sure to have AN EXIT STRATEGY when investing.
Sadly, I've learned that lesson the hard way in past
[recalls the 2005/06 stock blunder]
It's just like fukking a chick you dont wanna impregnate. Gotta know when to pull out no matter how good the shyt feels at the time.
Sadly, I've learned that lesson the hard way in past
[recalls the 2005/06 stock blunder]
It's just like fukking a chick you dont wanna impregnate. Gotta know when to pull out no matter how good the shyt feels at the time.
It's a bubble, nothing goes up that much that quickly unless there's something tangible behind the value. Right now it just "ooh, look at the stock chart" buy bait. I'd be willing to short it a couple hundred dollars if I could find a way to do it.
How do you protect yourself without insider info?Nothing wrong with it. Just gotta always make sure to have AN EXIT STRATEGY when investing.
Sadly, I've learned that lesson the hard way in past
[recalls the 2005/06 stock blunder]
It's just like fukking a chick you dont wanna impregnate. Gotta know when to pull out no matter how good the shyt feels at the time.
You cant. That's why you gotta have an exit strategy
It can be as simple as setting a selling price. Like you bought a stock today at $5 a share. You then plan to sell that share once it reaches $15 a share. The plan should be to sell itno matter what even if you know shyt's still going great and it will be worth $2 more in another week. But your strategy was to set the sale in motion and get out while you're still in the black. Dont get greedy and say to yourself "i can get a few more $s per share if i stick it out another x amount of weeks." That's how you get burned.
That's how i got burned
I was buying stocks from a company i woked for and during the time i was buying i was paying between $6 and $11 a share over a period of 3 years as it was rising. Then came the day the stock reached $27. My boy told me "Dont be greedy. Sell it now before it bursts". I was like "nah i'll hang onto it a little longuer." We had the same discussion when it reached $30+ a share. I still wouldnt sell. It then dropped back to $27. He was like "dude! okay at least sell half of it. Trust me" I did just that and kept the other half
Then... Then... I get depressed when i talk about this shyt
In an 8 month span i saw the stock drop from $30+ to $16. I was like okay i took a loss. It cant get any worse. Let me at least stick around until it goes back up another $5.
Never hapenned
I managed to sell the shyt before it got even uglier but believe me when i say i saw that stock price go from $30+ at its highest to $0.54 in less than like 2+ years
little4209
All Star
i'm sure that the majority of these worldwide brands started with just their lifes savings..so yea
High quality poster
Veteran
Y’all need to put that bitcoin down and invest in some Jesus
When dat burst happens
Drip Bayless
Superstar
Blockchain technology is going to revolutionize the finance industry and is here to stay. Now whether bitcoin will be at the forefront remains to be seen, personally I don't think it will because Bitcoin is only used as a store of value and has no utility at the moment
SadimirPutin
Superstar
These prices rise and dip for no tangible reason other than sentiment....
This I why investing in this class of asset is problematic
This I why investing in this class of asset is problematic
