Flysmallie Posted October 30, 2021 Posted October 30, 2021 Have some Bitcoin and some Doge. Bought it several months ago and then it took a dump right after. But I don’t really care. Did it for fun and rarely check on it anymore.
fshndoug Posted October 30, 2021 Posted October 30, 2021 I am just going to buy 40,000 gallons of gasoline ,2,000 rolls of toilet paper and 1,000 lbs of ground beef .Those 3 things are going to double in another 8 months. Johnsfolly, Quillback and snagged in outlet 3 3
snagged in outlet 3 Posted October 30, 2021 Author Posted October 30, 2021 Just now, fshndoug said: I am just going to buy 40,000 gallons of gasoline ,2,000 rolls of toilet paper and 1,000 lbs of ground beef .Those 3 things are going to double in another 8 months. Man no kidding. Prices for everything are going nuts.
moguy1973 Posted October 30, 2021 Posted October 30, 2021 16 hours ago, snagged in outlet 3 said: They should mirror each other since they both track crypto right? For the most part. They are both futures ETFs so it all depends on how the people involved can "predict" what bitcoin is going to do. -- JimIf people concentrated on the really important things in life, there'd be a shortage of fishing poles. -- Doug Larson
snagged in outlet 3 Posted October 30, 2021 Author Posted October 30, 2021 5 hours ago, moguy1973 said: For the most part. They are both futures ETFs so it all depends on how the people involved can "predict" what bitcoin is going to do. Futures prices are decided by buying and selling though right?
moguy1973 Posted October 31, 2021 Posted October 31, 2021 14 hours ago, snagged in outlet 3 said: Futures prices are decided by buying and selling though right? They are decided by a set price someone agrees to buy or sell something at what they think the future value of that will be. snagged in outlet 3 1 -- JimIf people concentrated on the really important things in life, there'd be a shortage of fishing poles. -- Doug Larson
snagged in outlet 3 Posted October 31, 2021 Author Posted October 31, 2021 6 hours ago, moguy1973 said: They are decided by a set price someone agrees to buy or sell something at what they think the future value of that will be. So it doesn’t track the sector like say the spyders or the qqq’s?
moguy1973 Posted October 31, 2021 Posted October 31, 2021 I think it's different than those. -- JimIf people concentrated on the really important things in life, there'd be a shortage of fishing poles. -- Doug Larson
snagged in outlet 3 Posted October 31, 2021 Author Posted October 31, 2021 5 minutes ago, moguy1973 said: I think it's different than those. Yeah I was just reading about them. Still better than sitting it out I guess.
snagged in outlet 3 Posted October 31, 2021 Author Posted October 31, 2021 On 10/29/2021 at 12:13 PM, MrGiggles said: I think the well established coins (ETH, BTC) are solid long term investments. All of the same rules from the stock market apply, diversify, DCAing, etc.. You could read about crypto for weeks and still not really understand it. Pretty complicated stuff that I haven't even began to understand. Approach it with your brain (like anything else), don't dump your life savings into DOGE or SHIB or whatever happens to be coin of the week. Those are fine if you're into high risk, high reward plays, not the way to go for steady growth. Honestly I couldn’t figure out to buy them. So the etf seemed easier.
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