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  1. #26
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    Quote Originally Posted by BJG32 View Post
    Etherium
    Excellent choice for a blue chip play, imo.

    Quote Originally Posted by Lawineer View Post
    Shiba and Doge. Of all the market forces, retard strength is the most powerful.
    Excellent choice for mainstream coins that could very likely become transaction currencies.

    Quote Originally Posted by Whiskey View Post
    Not for this thread but I've never understood the whole cyber coin thing. Maybe a new thread explaining all of this. I simply don't have a clue. I've read a few things on it but other than being some computer generated mystery coin...I don't get it.
    Yes, it is tough to get your head around. You must not have school aged children, which actually helped me tremendously. They are playing in the metaverse already with their games. I can't for the life of me interest them in what I grew up with -- Super Mario on a Nintendo Switch, sports titles, etc. Instead, for them, it's all about running around in different worlds on Roblox with their friends, buying things, building homes, flipping burgers, delivering pizzas, etc. It showed me where we're going.

    You also need to watch "Ready, Player One" a Spielberg movie which predicts how this all plays out 30-40 years from now (the masses living in shipping containers but living to wake up and don a virtual reality headset that places them into a virtual world where they have a far better life). Once you get to appreciating where we're headed, then you can appreciate crypto (which btw, again, has been used by our children for many years already in different games to purchase skins, weapons, etc.).

    And if you want to get into the technical bits, search for the MIT University courses presented by Gary Gensler, our current SEC head. Edit: I've done it for you. Here is part one: https://www.youtube.com/watch?v=EH6vE97qIP4

    And then watch some Raoul Pal videos about network adoption.

    There you go. You'll be a pro in not time.

  2. #27
    Bruce H.
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    I've bought several "special interest" cars over the years, all became "collector cars" after purchasing them, all went way up in value while I owned them, and most still are. They all shared a uniqueness of style and features, beauty, rarity, and performance that made them standout from the pack and made them a car I had to have. I always searched out the best example I could find and afford, and that always worked out well for me.

    When the Gen V TA set the production car track record the Viper finally landed on my radar, I had to have it, and I couldn't believe you could actually order this car brand new for $120,480, which I did. It's no surprise at all that it's shot up in value, as have all Gen V's, just surprised it took as long as it did. The C7 Corvette didn't excel in the areas that interested me as listed above, and hasn't seen the appreciation. It's not as "special". Every car enthusiast on the planet knew all about the C7 almost right away, but those same enthusiasts are still discovering the incredible virtues of the Gen V and are driving up the values.

    I've found a common theme of a more expensive model suffering lower sales while produced, and then appreciating more a few years later, like the MKIV Supra TT and Viper. And I think many forum warriors damaged sales of Gen V's, which oddly now is resulting in rising values!

  3. #28
    Quote Originally Posted by BlueAdder View Post
    Don't what you're smoking but that's gnarly.
    No idea why you'd bring politics into this, but on that topic, if the 45th somehow (and I hope not because that moron should be rotting in jail) becomes the 47th, the US will turn into North Korea, then good luck driving anything at all.

    It's not just the US that plans on going electric, most European countries have pledge to go all electric by 2035-2040 or so.

    Just enjoy your Viper.
    Sorry to say, OMG, really. what are you paying fore gas today ? Do i have to say more. Best Pres. in 60 years, or more. Use your Viper now. Dodge is coming out with the fastest electric car ever made.

  4. #29
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    The only one needing prison is the imposter in chief, joe Biden…and his enablers. Also Hillary, Holder, learner, Pelosi, Fauci and on and on. But DJT absolutely did it all right.

  5. #30
    Quote Originally Posted by Lawineer View Post
    Shiba and Doge. Of all the market forces, retard strength is the most powerful.
    Thanks for the input everyone. I actually just started funding my Coinbase account again. I have other friends that agree as well. “If you’re not investing in crypto, then you are totally being irresponsible”. (A friend of mine) haha.

  6. #31
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    I have $1k worth of Shiba, but only as a joke and lotto ticket. 60% of my crypto is BTC and ETH. The rest is the bigger alt coin stuff like ADA, MATIC, DOT, etc.

  7. #32
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    Quote Originally Posted by Old School View Post
    ^^^ What drove the "Porsche feeding frenzy of 2015"? Monkey see, monkey do? ^^^
    I'm pretty sure it's the same as what happened with Vipers (and I'm sure we'll follow the same downward trend over the next couple years). Someone sold a pristine example for much more than anyone expected, so everyone started bringing their pristine garage queen examples out to sell. Eventually that trickles down into the less clean cars too.

    You can already see people trying to sell cars that aren't as unique, aren't as clean, aren't as low mileage... and they're expecting to get beaucoup bucks for them and are leaving disappointed (I assume; something like half of the last handful of BAT offerings didn't meet reserve).

    Pretty sure prices have peaked and we're on the back slope now.

  8. #33
    Well then the question everyone on here loves...Whats my 16 Stryker Purple GTC worth...flame on kids!

  9. #34
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    go check the prices on ANY gated, Naturally aspirated "supercar"... That era has ended. People are starting to understand that manual transmission, large displacement engines are gone for good.

    2 years ago you could buy a gen v viper for 80k no problem. Personally, i don't think those days are ever coming back.

  10. #35
    Quote Originally Posted by Whiskey View Post
    Not for this thread but I've never understood the whole cyber coin thing. Maybe a new thread explaining all of this. I simply don't have a clue. I've read a few things on it but other than being some computer generated mystery coin...I don't get it.
    If you put $100k in ETH when posted that yesterday, and then sold when I posted this today would have made $6,700. I’ll return to this thread in 5 years to let you know what you would have gained. Your head may explode though!.

  11. #36
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    I have 42 trades of SHIB in the last 7 days with an average return of 2.93% per trade. Using 100k that's 2,930 profit per trade x 42. In 7 days. I have never in my life seen anything like Crypto. Just know you need to use money that you would just as soon set on fire in the street for fun.

    I think Vipers are going to be million dollar cars at some point. Won't matter to me and by the grace of God my daughter has absolutely no interest in cars. I expect she will be wealthy very early in life without this addiction.
    Attached Images Attached Images

  12. #37
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    Quote Originally Posted by aspman View Post
    Well then the question everyone on here loves...Whats my 16 Stryker Purple GTC worth...flame on kids!
    a few bitcoin.

  13. #38
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    Quote Originally Posted by Racingswh View Post
    I have 42 trades of SHIB in the last 7 days with an average return of 2.93% per trade. Using 100k that's 2,930 profit per trade x 42. In 7 days. I have never in my life seen anything like Crypto. Just know you need to use money that you would just as soon set on fire in the street for fun.

    I think Vipers are going to be million dollar cars at some point. Won't matter to me and by the grace of God my daughter has absolutely no interest in cars. I expect she will be wealthy very early in life without this addiction.
    I wish I was smart or lucky enough to do that. I'm just buy and hold. I bought at a near high 6 months ago- about 52k BTC. I was down nearly 50% at one point but just let it ride. I think the key for non-guru guys like me is to just buy, hold and dont freak out with the swings.

  14. #39
    Quote Originally Posted by BJG32 View Post
    If you put $100k in ETH when posted that yesterday, and then sold when I posted this today would have made $6,700. I’ll return to this thread in 5 years to let you know what you would have gained. Your head may explode though!.
    I bought $1k of ETH, Doge and Shiba when you guys originally posted. Up a few bucks already. I’m going to continue to fund them here and there. Mainly ETH and Doge. I am also a buy an hold guy.

  15. #40
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    Quote Originally Posted by Lawineer View Post
    I wish I was smart or lucky enough to do that. I'm just buy and hold. I bought at a near high 6 months ago- about 52k BTC. I was down nearly 50% at one point but just let it ride. I think the key for non-guru guys like me is to just buy, hold and dont freak out with the swings.
    I am learning there are two keys.

    1. Do not overthink it.

    I know it doesn't make sense. I know it's not tangible. I know it's the Wild West. Fact is when I scrape the "cream" off regularly it spends just the same as my other money. There was a run in August when it did even seem real.

    2. DO NOT GO ALL IN ALL AT ONCE.

    I have learned some extremely hard lessons that others can avoid. If you're going to invest 10k buy 5 coins with 2500 and set up auto buys for the pull backs for the leftover 7500. When it pulls back and it absolutely will, even crashes and then recovers, and boy does it and quick, you will capture all of that upside profit buying after the prices pulled way back lowering your average prices for all your holdings. I have had 25% dips in coin prices this week in just 2 days. All I did was strategically increase my positions so during the recovery, which really happened last night and this morning, I just watched my portfolio value grow.

    To MAKE THE MOST MONEY in crypto you have to have xtra cash set aside to buy during the pullbacks. If you're "all in" all you can do is sit and ride the wave up and down, up and down.

    I use an automatic trader. I set my own parameters and use paid strategies to do my research and identify coins.

    Sorry for so far off topic but my two main hobbies are crypto and cars. Do well with the first one and it makes it easier to afford tires for the second one.

  16. #41
    Quote Originally Posted by Racingswh View Post
    I am learning there are two keys.

    1. Do not overthink it.

    I know it doesn't make sense. I know it's not tangible. I know it's the Wild West. Fact is when I scrape the "cream" off regularly it spends just the same as my other money. There was a run in August when it did even seem real.

    2. DO NOT GO ALL IN ALL AT ONCE.

    I have learned some extremely hard lessons that others can avoid. If you're going to invest 10k buy 5 coins with 2500 and set up auto buys for the pull backs for the leftover 7500. When it pulls back and it absolutely will, even crashes and then recovers, and boy does it and quick, you will capture all of that upside profit buying after the prices pulled way back lowering your average prices for all your holdings. I have had 25% dips in coin prices this week in just 2 days. All I did was strategically increase my positions so during the recovery, which really happened last night and this morning, I just watched my portfolio value grow.

    To MAKE THE MOST MONEY in crypto you have to have xtra cash set aside to buy during the pullbacks. If you're "all in" all you can do is sit and ride the wave up and down, up and down.

    I use an automatic trader. I set my own parameters and use paid strategies to do my research and identify coins.

    Sorry for so far off topic but my two main hobbies are crypto and cars. Do well with the first one and it makes it easier to afford tires for the second one.
    Change the topic of this thread. Haha. Some of you definitely know what your talking about with crypto. I may need new tires soon so any information helps.

    I do agree with the buying on the pullbacks. Any coins of interest? Also what platform do you use?

  17. #42
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    Quote Originally Posted by AAA96 View Post
    Change the topic of this thread. Haha. Some of you definitely know what your talking about with crypto. I may need new tires soon so any information helps.

    I do agree with the buying on the pullbacks. Any coins of interest? Also what platform do you use?
    Excellent DCA (dollar cost averaging) explanation by Racingswh. And yes, the way to go.

    If you really want to make money, look at the coins in the lower rankings on coinmarketcap.com or coingecko.com. Look really deep if you can and see if you can learn about the project. I like tokens that need to be purchased to do something, like play a game (i.e. VPP, NTVRK, CGG) or trade crypto (i.e. BNB, KCS). You have to convert your currency to their coin to play or purchase things, or to get discounts. I learned that my kids are addicted to asking for Robucks, which are the currency they need to purchase things in Roblox. This concept of paying for tokens is straight out of Chuckie Cheese, but now on a much bigger scale. And when the tokens are limited, and more kids want to play, the value of the tokens has to increase.
    Last edited by Scott_in_fl; 10-14-2021 at 12:57 PM.

  18. #43
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    Quote Originally Posted by AAA96 View Post
    Change the topic of this thread. Haha. Some of you definitely know what your talking about with crypto. I may need new tires soon so any information helps.

    I do agree with the buying on the pullbacks. Any coins of interest? Also what platform do you use?
    Mini crash last night. Good time to get in.

    Binance US or Coinbase Pro and the Crypto Hopper

    Quick stats for 7 days. 93 trades. 4.79% return per trade

    Biggest single coin gain in my trading history was this morning a 2 AM MASK 65.13%. I waited 5 1/2 years for my ACR-E to appreciate that much.

    SHIB is up 5 fold since taking my initial buy and hold position outside of my daily trading. I bought it at the end of August.

  19. #44
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    Everything took a bit of a dip but SHIB it seems. That thing has been a monster lately, but the thesis and catalyst for a continued move much higher makes sense. The devs are building a great ecosystem and it obviously has a tremendous following, and too many people still think it's a joke.

    EDIT: Just looked and Wow, SHIB up 43% in the last 24hrs even when most everything else has been beat down.
    Last edited by Scott_in_fl; 10-27-2021 at 10:18 AM.

  20. #45
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    Around 800% in a month. Tells me enough, I’m too late to the party for this run. Will have to wait for dip. I’ll never buy at an ATH

    Quote Originally Posted by Scott_in_fl View Post
    Everything took a bit of a dip but SHIB it seems. That thing has been a monster lately, but the thesis and catalyst for a continued move much higher makes sense. The devs are building a great ecosystem and it obviously has a tremendous following, and too many people still think it's a joke.

    EDIT: Just looked and Wow, SHIB up 43% in the last 24hrs even when most everything else has been beat down.

  21. #46
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    Quote Originally Posted by chris_lee View Post
    Around 800% in a month. Tells me enough, I’m too late to the party for this run. Will have to wait for dip. I’ll never buy at an ATH
    Looks like someone bought 12 million worth of it driving the price and interest in it higher. I thought it was racy in the 30's. Now it's in the 80's. Totally nuts.

    Here's a fun fact. $1000 worth of SHIB bought on January 1 2021 is worth today over $500 Million dollars. I did not verify that claim but their were so many zeros after the decimal point in January it looked right at a glance.

  22. #47
    Quote Originally Posted by Racingswh View Post
    Here's a fun fact. $1000 worth of SHIB bought on January 1 2021 is worth today over $500 Million dollars. I did not verify that claim but their were so many zeros after the decimal point in January it looked right at a glance.
    man that would have been nice, early retirement. Wish I knew enough to make those kinds of investments.

  23. #48
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    Quote Originally Posted by Scott_in_fl View Post
    Everything took a bit of a dip but SHIB it seems. That thing has been a monster lately, but the thesis and catalyst for a continued move much higher makes sense. The devs are building a great ecosystem and it obviously has a tremendous following, and too many people still think it's a joke.

    EDIT: Just looked and Wow, SHIB up 43% in the last 24hrs even when most everything else has been beat down.
    Yep. The way the money spends is certainly no joke.

    This right now is why you never go all in when prices are on the rise. You need to be ready when the pullbacks happen. It's critical to long term success in this game IMO.

  24. #49
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    I threw $1000 at it. I pulled out $1000. Still have $2k in there. Lol

    (I have a lot more in legit coins).

  25. #50
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    Quote Originally Posted by camarochevy1970 View Post
    man that would have been nice, early retirement. Wish I knew enough to make those kinds of investments.
    The problem for most of us was access. Back then (Like January 2021 was 50 years ago or something ) mainstream access to SHIB was limited. Now any of us in the US with a bank account can buy it. I do not know the rules surrounding coin purchase in Canada or Mexico.

    Also investing real money into something that does nothing and you know nothing about is difficult for most of us (I thought it was all BS when I first heard of it many years ago. I kick myself now). I suspect that's why many of us gravitate to what we know like traditional stocks and mutual funds and some take that even further and invest in tangibles like real estate and autos.

    Then I met a person who had built a software company and is a blockchain developer. He was also a crypto coin investor since 2014. His net worth more than likely begins with a B and is probably 15 years younger than myself. I thought it might make sense to pay attention to what he was saying. Even he only invests in coins built with software that actually does something. I have branched off from that original foundation as it was explained to me which was easy because my job is all about automated online transactions. I just apply that similar thought process to crypto trading.

    As to coins themselves fortunately they have price movements that are tracked and measured. The price movements create patterns that can be estimated as to what they might look like in the future. They are far from perfect but these estimates give buy signals. All you do is follow the best signals. It's the setup that's slightly complex. I use 10 strategies or so the look at each coin and throw off buy signals. Then I buy the coins that have the highest buy signals at the time. Some automate the entire process and just let it run. The volatility is my friend. I want the pullbacks so that I can invest more and capture more upside. Yesterday the postions looked like they were going to star in a horror movie. Red everywhere. This morning looks like springtime. Lots of green!


    For me it's a hobby just like my cars are and I enjoy talking about it, sharing information and learning as much as I can.


 
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