Viper only go up in value

[JD03Cobra]

Sounds like we need a stock thread!

[ViperNC]

Shitcoins like that are a slot machine, and nothing more.
The other +99% of my holdings are ETH, BTC, DOT, SOL, LINK and MATIC.

edit: And GainsFarm (3% or so).

Ha! One could argue all crypto is like a slot machine.... constantly trading with massive swings. As a Financial Advisor and insurance estate planning expert of 26 years I've seen all sorts of "get rich quick" schemes. Crypto is just the latest. Some will win. Most will lose. Basically if you have money that you can toss into a fire pit without feeling the pain of watching it burn then by all means put some in crypto. Alternatively, never invest a penny that you can't afford to lose. Time will tell if crypto becomes a mainstream asset (and it very well may with regulation), but the best rule is to not invest in anything until you fully understand what you're putting money into along with the risks involved. Most people are throwing money at crypto because of what they hear from others and based on very limited knowledge at that.

I just think it is interesting to talk about with clients who agonize over putting money in the market and then will drop money into crypto without thinking twice because they are letting their emotions make decisions for them.

[Lawineer]

Ha! One could argue all crypto is like a slot machine.... constantly trading with massive swings. As a Financial Advisor and insurance estate planning expert of 26 years I've seen all sorts of "get rich quick" schemes. Crypto is just the latest. Some will win. Most will lose. Basically if you have money that you can toss into a fire pit without feeling the pain of watching it burn then by all means put some in crypto. Alternatively, never invest a penny that you can't afford to lose. Time will tell if crypto becomes a mainstream asset (and it very well may with regulation), but the best rule is to not invest in anything until you fully understand what you're putting money into along with the risks involved. Most people are throwing money at crypto because of what they hear from others and based on very limited knowledge at that.

I just think it is interesting to talk about with clients who agonize over putting money in the market and then will drop money into crypto without thinking twice because they are letting their emotions make decisions for them.

Outside of crypto, you'd think I was getting ready to retire next week. I'm 37. 60% cash, 40% equities and bonds, with riskiest position being XOM or JPM.
And I have the same amount invested in crypto ahaha.
Crypto is strange in that I simultaneously have anxiety about having way too much in it and not nearly enough.

I told myself I'd sell when profits paid my mortgage. I'm a little shy of halfway there so no complaints. Under 40 with no mortgage or kids sounds cool to me!

[ViperNC]

Outside of crypto, you'd think I was getting ready to retire next week. I'm 37. 60% cash, 40% equities and bonds, with riskiest position being XOM or JPM.
And I have the same amount invested in crypto ahaha.
Crypto is strange in that I simultaneously have anxiety about having way too much in it and not nearly enough.

I told myself I'd sell when profits paid my mortgage. I'm a little shy of halfway there so no complaints. Under 40 with no mortgage or kids sounds cool to me!

Everyone has their own risk tolerance. Easier to do with no mortgage and especially no kids. Trust me.... kids are the most expensive venture you can ever pursue.

[Gen5snake]

Ha! One could argue all crypto is like a slot machine.... constantly trading with massive swings. As a Financial Advisor and insurance estate planning expert of 26 years I've seen all sorts of "get rich quick" schemes. Crypto is just the latest. Some will win. Most will lose. Basically if you have money that you can toss into a fire pit without feeling the pain of watching it burn then by all means put some in crypto. Alternatively, never invest a penny that you can't afford to lose. Time will tell if crypto becomes a mainstream asset (and it very well may with regulation), but the best rule is to not invest in anything until you fully understand what you're putting money into along with the risks involved. Most people are throwing money at crypto because of what they hear from others and based on very limited knowledge at that.

I just think it is interesting to talk about with clients who agonize over putting money in the market and then will drop money into crypto without thinking twice because they are letting their emotions make decisions for them.

I totally agree with you...I feel there will be a lot of bag holders. Crypto is not and more than likely will never be in my portfolio...knowingly....there is no need. It's not even in my sandbox account where I'm willing to take on more risk.

[Lawineer]

Everyone has their own risk tolerance. Easier to do with no mortgage and especially no kids. Trust me.... kids are the most expensive venture you can ever pursue.

I sold the GF on no kids (she was 60% no kids to begin with) on the premise that we'd be able to keep living downtown/uptown and travel more with less stress. We didn't discuss some of the finer details like who would be paying for our next house and who would be paying for vacations though. Eek.

Anyway, regarding risk, it is odd that I'm more scared of SPY than my crypto coins.

[BJG32]

No kids was the best investment I ever made, 2nd place was starting my own business . Im now 42, semi-retired. Crypto (ETH in particular) has treated me well, not for everyone.

I bought my ACRE for $130k in march 2020….gotta include that in my good investment category too!

[StrokerAce]

I won two out of three hands at bowling last week. Put in $6 and got back $12. Not too shabby.

[Lawineer]

No kids was the best investment I ever made, 2nd place was starting my own business . Im now 42, semi-retired. Crypto (ETH in particular) has treated me well, not for everyone.

I bought my ACRE for $130k in march 2020….gotta include that in my good investment category too!

Starting my own business was definitely huge. I remember looking around my group of friends and realizing I was 1 of 2 that wasn't self employed and the second poorest. I'd like to credit myself for starting my own business, but I got fired, doh! I knew I was making less than I could be, but I was making too much to risk it. Ended up nearly tripling my income in a year (though, a lot of trade offs). It was the strange kick in the ass I needed. Kind of a wild ride. Mission failed successfully, I suppose.
I'm 37- if things keep going like this (knocks on wood), I hope to be doing this 20-30 hours a week rather than 60-70 by 42 and spending the rest of the time at race tracks or mountains. That's the dream!

I won two out of three hands at bowling last week. Put in $6 and got back $12. Not too shabby.

I was at our local quickie-mark type place and the owner working there talked me into buying a powerball ticket (I never do, but I feel for them since a grocery store opened up a block from them about a year ago). Boom, netted 8 dollars. Unfortunately, I promised him half if I "won big" for talking me into it, so I'm only up $4, lol. HOW'S THAT FOR RISK MANAGEMENT. "Okay, I'll take the dumbest bet possible, but only if you cut the upside to half!"

[ViperNC]

I sold the GF on no kids (she was 60% no kids to begin with) on the premise that we'd be able to keep living downtown/uptown and travel more with less stress. We didn't discuss some of the finer details like who would be paying for our next house and who would be paying for vacations though. Eek.

Anyway, regarding risk, it is odd that I'm more scared of SPY than my crypto coins.

Ha! My wife sold me on kids if I wanted to marry her! Wasn't much of a debate at that point, but we're happy. I must say that even at this point whereby we are financially independent with no debt, my girls are 12 & 14 right now and I know it just gets more expensive until the day they are off the payroll. So now at 50 I get to work until that point albeit at a semi retired pace these days. Hopefully that continues. If any of my fellow Viper owners need a good resource for advice in the family, estate, or business continuation planning arena I'm happy to help. Always good to work with people who share your passions.

Interesting article this AM and it mentions a V10 race car so I'm 100% percent positive its Viper related.

https://www.msn.com/en-us/money/mark...e-verthp-feeds

[Policy Limits]

Children are a great investment if you want to continue your legacy & build bigger and better for generations to come. You also otherwise might end up dying alone in a nursing home with a Joe Biden style Depends Diaper on.

Btw, who grabbed this patriòtic snake pictured? The list price was $300k and it appears to have sold quickly.

[Lawineer]

Children are a great investment if you want to continue your legacy & build bigger and better for generations to come. You also otherwise might end up dying alone in a nursing home with a Joe Biden style Depends Diaper on.

Btw, who grabbed this patriòtic snake pictured? The list price was $300k and it appears to have sold quickly.

That's a lot of time and money to invest for the off chance that your kids will live near you and spend a lot of time with you in your last days- or with the Biden analogy, that you'll even know who they are, haha! Obviously, a lot of people, if not the overwhelming majority of parents I've met say kid are the greatest thing. If that makes you happy, you should do it.

Personally, I didn't have the best father in the world- or many happy memories with my family as kid. In fact, when my dad passed, I struggled to have many fond memories of him at all. So the whole happy family thing was something I didn't really experience, and that's probably why I never really yearned for having a family or kids. I know a few of my friends without kids today feel similarly (though, even more just didn't want them). Fortunately, that's all in the distant past, I'm long over it and everything worked out for me. I appreciate having a stable drama free life a lot more because of it.

[JD03Cobra]

No kids was the best investment I ever made, 2nd place was starting my own business . Im now 42, semi-retired. Crypto (ETH in particular) has treated me well, not for everyone.

I bought my ACRE for $130k in march 2020….gotta include that in my good investment category too!

Getting rid of my wife and keeping my 3 kids was the best investment I ever made! 2nd place - Telsa stock paid for my Viper

[Lawineer]

lol this thread. Bought a few grand worth of ETH.

[Racingswh]

lol this thread. Bought a few grand worth of ETH.

SHIB buy and hold yesterday til today up more than 25%. I literally just locked in my 25.53% 1 day return at this moment. Now it's going even higher.

I had every intention of buying more as it continued to fall. I just got lucky. Seems that's what a lot of this is. I have traded the coin well over 50 times now.

Have the cash to buy the dips. Scrape off the "cream" regularly. Move the profits somewhere else if the risk is too much to tolerate.

That said LOTS of red today. Not for the faint of heart for sure.

[Lawineer]

SHIB buy and hold yesterday til today up more than 25%. I literally just locked in my 25.53% 1 day return at this moment. Now it's going even higher.

I had every intention of buying more as it continued to fall. I just got lucky. Seems that's what a lot of this is. I have traded the coin well over 50 times now.

Have the cash to buy the dips. Scrape off the "cream" regularly. Move the profits somewhere else if the risk is too much to tolerate.

That said LOTS of red today. Not for the faint of heart for sure.

I just remind myself I'm in for long term. But yeah, volatility is insane.

[Vipes]

I just remind myself I'm in for long term. But yeah, volatility is insane.

Not sure how long you've been in but hopefully you don't let the bear market shake you out if you find yourself holding in the middle of it. My crypto portfolio was down 99% a year after its 2017 high. I wasn't smart enough to sell the blow off top but I did keep buying more throughout the down years. This 4 year halving cycle is looking like a perfect average of the previous 2 cycles.

[Lawineer]

I’ve been buying in slowly since about may. Definitely some terrifying days, but other than trading one for another, I haven’t really sold anything.

[swexlin]

Children are a great investment if you want to continue your legacy & build bigger and better for generations to come. You also otherwise might end up dying alone in a nursing home with a Joe Biden style Depends Diaper on.

Btw, who grabbed this patriòtic snake pictured? The list price was $300k and it appears to have sold quickly.

I live only a few miles from McLaren Phil (which is actually here in West Chester PA). I didn't have time to drive over and see it, but it did sell, and was spotted today in New Hope, Bucks County, PA, by a guy in my local car group.

[Scott_in_fl]

Ha! One could argue all crypto is like a slot machine.... constantly trading with massive swings. As a Financial Advisor and insurance estate planning expert of 26 years I've seen all sorts of "get rich quick" schemes. Crypto is just the latest. Some will win. Most will lose. Basically if you have money that you can toss into a fire pit without feeling the pain of watching it burn then by all means put some in crypto. Alternatively, never invest a penny that you can't afford to lose. Time will tell if crypto becomes a mainstream asset (and it very well may with regulation), but the best rule is to not invest in anything until you fully understand what you're putting money into along with the risks involved. Most people are throwing money at crypto because of what they hear from others and based on very limited knowledge at that.

I just think it is interesting to talk about with clients who agonize over putting money in the market and then will drop money into crypto without thinking twice because they are letting their emotions make decisions for them.

Inflation, Inflation, Inflation. It's really all you need to know about crypto.

Fiat money has been, and is being used by all gov't's to inflate away their debt. Just look at the US. We're at $28T in debt https://usdebtclock.org/ , we hit a debt ceiling every 6 months now (and that interval will get shorter and shorter in the years to come), and we are passing another $2T "stimulus" bill (that will really cost closer to $4T) when the economy is firing on all cylinders (there are more Lambos in my neighborhood than I've ever seen). Does any of this make sense to you? Does it seem like we can ever get on top of this mess? The educated answer is NO.

Enter crypto -- but let's first start with what crypto is. Crypto is a generic term for many digital assets, most of which were created to facilitate digital technologies like instantaneous, low cost movement of funds. Others were created to digitize contracts and obligations, with automatic payouts once the performances are made by each counter-party. Others are to track intellectual property assets and ensure that royalties are automatically paid to the rightful owner.

I could go on and on, but the tech is real solutions for real problems. If you cannot imagine what these technologies are and how they will continue to change the world, then you need to open your mind a bit. Crypto tokens are the only forms of accepted "currency" for these technologies (i.e. if you want to play a game in the Sandbox metaverse, then you need to use $SAND to pay for everything, and you can earn $SAND by playing).

Now let's talk about digital currencies as an alternative to fiat money. There are some coins that are designed to replace fiat. They are immune to inflation because they are limited in circulated volume. There are only ever going to be something like 21m Bitcoins. You want to buy them now because their value vis fiat will only continue to escalate as more fiat chases the 21m BTC's.

The "chasing" will increase as we move to digital economies because eventually the only way to pay will be digital and you can either "convert as you go" by exchanging your fiat for digital money per transaction (which will be done at the then-current rate of exchange, which will be more inflated every day), or you can start saving digital currency to counter the inflation and start moving away from fiat.

This is how BTC gets to $100,000, $1m, $10m/coin. And we have not even touched the tip of the iceberg on things like staking for 30% APY's.

There really is a bold new world on the horizon. You can either prepare for it or not. Some may be too old to worry about it. Hell, I may be too old to worry about it. But my kids are not and I want to do my best to position us/them for what is coming.

[Lawineer]

The more of these clowns in fleet money and raise taxes, the more viable crypto becomes. I can see a world where everyone basically uses their own crypto as the equivalent of a modern day gift card. The only difference is I can’t swap home depot gift card for a grocery store gift card instantly.
For centuries no one questioned what rights the kings had. They’ve been hacked away after people said “that’s stupid, why do they have that exclusive right?” Money is next. They’ll have a USA coin. And that’s fine. They can do whatever they want with it- but I don’t have use it. I’ll be able to take payment (even if it’s in us government coin) and instantly convert it to a reserve currency they can’t make more of.

I for one am absolutely tired of working my ass off, paying half my money on taxes (income, property, self employment, sales, fuel, social security, etc) to taxes and being told I need to pay my fair share by a bunch of lazy idealists who want everything I have except my work ethic and having another 5% of my money disappear into thin air.

After typing this, I’m going to go buy more. It’s so obvious where the future is- the only question is 5 years, 10 or 20.

[ViperNC]

The Metaverse..... Now there is a concept that is completely FUBAR: I'm unhappy with my own real life so I'll go live the life I want to live in a virtual reality. For those who are happy with our lives and prefer to live in the real world rather than a simulation the upside is at least there will be less idiots around getting in your way because they will be plugged into their immersive headsets. And lets not forget, all the news about this is just a rope a dope from Zuckerberg trying to get you to look in a different direction:

https://edition.cnn.com/2021/10/28/b...cap/index.html

We as parents need to teach our children so they can teach their children that live exists outside and not plugged in. With that said, I'm going to go drive my Viper. Its real.

[GRglasser]

The Value for me is the enjoyment of the car and driving it. And if it goes up in value then that’s a bonus ….

Amen!

- - - Updated - - -

You will have to ask my heirs. Selling during my lifetime is not expected.

Preach!

[Lawineer]

The Metaverse..... Now there is a concept that is completely FUBAR: I'm unhappy with my own real life so I'll go live the life I want to live in a virtual reality. For those who are happy with our lives and prefer to live in the real world rather than a simulation the upside is at least there will be less idiots around getting in your way because they will be plugged into their immersive headsets. And lets not forget, all the news about this is just a rope a dope from Zuckerberg trying to get you to look in a different direction:

https://edition.cnn.com/2021/10/28/b...cap/index.html

We as parents need to teach our children so they can teach their children that live exists outside and not plugged in. With that said, I'm going to go drive my Viper. Its real.

Crypto is for more than meta universe. But meta is probably the next internet. Imagine telling people in the 80s about social media and people following strangers to see what awesome stuff they’re doing with their lives. It’s just not a world we will likely adapt like kids of today.

[Scott_in_fl]

I've heard that if you ask any 10-12 year old, that you would learn that their digital assets are far more important to them than any physical items. They don't care much about their clothes, their toys, etc. as much as they care about their digital clothes, toys, etc.

I have a 10 year old and I know this to be true. Her Roblox avitar and the clothes, homes, cars, etc. that her avitar gets to use in the game are absolutely her most cherished items. She does chores to earn Robux which can only be used in the Roblox world of games.

So, yes, this stuff is incredibly hard to get your head around if you're my age. But it's not for those that are born into it.

And I obviously prefer the real but, again, its not really about me. I'll be gone by the time this stuff gets really wacky. But it will be very normal for the younger generations. And just like I saw the Internet come to life in the late 80's with the Prodigy console but could not afford to do anything about it at the time, I get to watch the second coming with an ability to do something about it this time.

If you want to see a glimpse of the Metaverse that will be, you should watch Ready Player One. It is required reading/watching for anyone learning about crypto.