Some guys have all the balls

Discussion in 'Crypto Assets' started by Pekelo, Aug 30, 2017.

  1. Arnie

    Arnie

    That thread is 4 years old. If he is still long he is up bigly!
    $30,000/14 he would have bought about 2140 bitcoins...

    2140 x $4697 = $10,051,580
     
    #31     Aug 31, 2017
  2. This year is year 1 of the legalization of Bitcoin in many Asian countries, so you can disregard all prior charts. I'm buying more BTC today along with ETH.
     
    #32     Aug 31, 2017
  3. If it's his life savings, he's a nitwit. If it's 10% of his net worth, I wouldn't judge him.
     
    #33     Aug 31, 2017
  4. stepan7

    stepan7

    "In every boom companies are formed primarily if not exclusively to take advantage of the public's appetite for all kinds of stocks. Also there are belated promotions. The reason why promoters make that mistake is that being human they are unwilling to see the end of the boom. More over, it is good business to take chances when the possible profit is big enough. The top is never in sight when the vision is vitiated by hope. The average man sees a stock that nobody wanted at twelve dollars or fourteen dollars a share suddenly advance to thirty - - which surely is the top until it rises to fifty. That is absolutely the end of the rise. Then it goes to sixty; to seventy; to seventy-five. It then becomes a certainty that this stock, which a few weeks ago was selling for less than fifteen, can't go any higher. But it goes to eighty; and to eighty-five. Whereupon the average man, who never thinks of values but of prices, and is not governed in his actions by conditions but by fears, takes the easiest way he stops thinking that there must be a limit to the advances. That is why those outsiders who are wise enough not to buy at the top make up for it by not taking profits. The big money in booms is always made first by the public-on-paper. And it remains on paper."
     
    #34     Aug 31, 2017
    Chuck Krug likes this.
  5. Great quote!
    Is it from Reminiscences of a Stock Operator?
     
    #35     Sep 1, 2017
  6. vanzandt

    vanzandt

    Flip that chart around and you get:

    Untitled.png
     
    #36     Sep 1, 2017
    Overnight, JackRab and Chuck Krug like this.
  7. upload_2017-9-1_14-44-9.png
     
    #37     Sep 1, 2017
    JackRab likes this.
  8. [​IMG]
     
    #38     Sep 2, 2017
  9. johnarb

    johnarb



    "Put your money where your mouth is at!"

    :fistbump:
     
    #39     Sep 3, 2017
  10. Oil is the next bubble.
     
    #40     Sep 3, 2017