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  1. #51
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    Quote Originally Posted by Racingswh View Post
    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.
    Love this. I view it all the same way, it's good fun. I bought my first viper with earnings from investments. In 2006 during the market crash I was just a kid in college, working hard and going to school. I took every cent I could scratch up and put it in the market. It has done well; well enough to buy my dream car. Now that first viper is worth a lot more than I paid for it, so I got another one to really drive and enjoy lol

    I did miss the boat on crypto though. Can't win 'em all.

  2. #52
    Quote Originally Posted by pMak26 View Post
    Love this. I view it all the same way, it's good fun. I bought my first viper with earnings from investments. In 2006 during the market crash I was just a kid in college, working hard and going to school. I took every cent I could scratch up and put it in the market. It has done well; well enough to buy my dream car. Now that first viper is worth a lot more than I paid for it, so I got another one to really drive and enjoy lol

    I did miss the boat on crypto though. Can't win 'em all.
    No boat has been missed. Less than 5% of the us population currently invests in crypto. The potential is massive and its still early.

  3. #53
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    Quote Originally Posted by BJG32 View Post
    No boat has been missed. Less than 5% of the us population currently invests in crypto. The potential is massive and its still early.
    This man speaketh the truth.

    Investing in stocks is dead. You heard it here first. But, it will take some time for the masses to come to that reality and start investing in the digital world. Money will come out of one market, and move into the other. It's happening now, but it is in the shadows.

    This is your window. How fast it closes is directly proportional to what is called the network effect. Watch some YouTube videos about it.
    Last edited by Scott_in_fl; 10-28-2021 at 01:56 PM.

  4. #54
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    Quote Originally Posted by Scott_in_fl View Post
    This man speaketh the truth.

    Investing in stocks is dead. You heard it here first. But, it will take some time for the masses to come to that reality and start investing in the digital world. Money will come out of one market, and move into the other. It's happening now, but it is in the shadows.

    This is your window. How fast it closes is directly proportional to what is called the network effect. Watch some YouTube videos about it.
    I dont think it's one or another. They're separate asset classes.

  5. #55
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    Quote Originally Posted by Scott_in_fl View Post
    This man speaketh the truth.

    Investing in stocks is dead. You heard it here first. But, it will take some time for the masses to come to that reality and start investing in the digital world. Money will come out of one market, and move into the other. It's happening now, but it is in the shadows.

    This is your window. How fast it closes is directly proportional to what is called the network effect. Watch some YouTube videos about it.

    I hope your joking about the stock comment. Apple, Microsoft, Nvidia, Tesla, Enphase (Solar) to name a few has paid off big time for me over the past 24 months and still climbing. I see Bitcoin being the standard in Crypto, we will see. I'm heavy on companies that mine Bitcoin.

  6. #56
    You thread hijacking financial flexors will be rocking Pagani's and Koenigsegg's soon can't wait to see the pics.

  7. #57
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    Quote Originally Posted by Lawineer View Post
    I dont think it's one or another. They're separate asset classes.
    They are, but money flows to the opportunities. The Internet came along when I was beginning college in 1989 or so. And I remember nobody thought about investing in anything tech. Everyone wanted KO, MO, GE, etc. If it had more than 2 letters to the stock ticker, it was garbage. It took a good 10 years for the masses to migrate their investments from the "old dogs" that were cash cow entities with no growth left, and transition to tech companies that made no money and were valued based purely on growth potential (think AAPL at $8, AMZN, GOOG). The same thing will happen with digital assets. It will take some time, but eventually everyone will see that the growth prospects in the stock market have leveled off and that other opportunities are presenting themselves with far greater future growth potential (which, of course, comes with risk).

  8. #58
    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!.
    Profit would be $16,600 today.

  9. #59
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    So disappointing….. 3 pages so far and still no response from Dave6666.

  10. #60
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    The real problem is when it goes down, I tell myself “I’m in it for the long haul. Don’t worry.” When it goes up, I spend money like I sold it. And it’s volatile! Lol.

  11. #61
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    Quote Originally Posted by JD03Cobra View Post
    I hope your joking about the stock comment. Apple, Microsoft, Nvidia, Tesla, Enphase (Solar) to name a few has paid off big time for me over the past 24 months and still climbing. I see Bitcoin being the standard in Crypto, we will see. I'm heavy on companies that mine Bitcoin.

    I suspect there will always be a place for traditional investments. I am definitely not getting rid of real estate anytime soon. So far the buy and hold rental strategy has been pretty great to me.

    I think some playing in the digital investment arena are enamored with the pace. I happen to enjoy it. When you compare typical daily returns up or down traditional stocks are essentially sedentary. If you find daily profit sniping fun I find that easier to do with crypto.

    My issue with cars as investments is the care they require as well as the service and space cost. I need to insure it, garage it, keep the kids and animals away from it, make sure nothing falls on it, make sure nothing scratches it, make sure it starts, replace the tires even though they are still good and on and on. I am doing all that while keeping what now for a GTSR is $300-350k or so tied up. Is the opportunity cost of having that money tied up pretty significant? Probably. For me my hopes would be to double that annually. I am not sure a GTSR doubles annually? It might. As I have said I expect them to be million dollar cars. I just don't know how long it will take.

    For myself personally cars are just a means to an end and that end is driving enjoyment.

  12. #62
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    Quote Originally Posted by Racingswh View Post
    I suspect there will always be a place for traditional investments. I am definitely not getting rid of real estate anytime soon. So far the buy and hold rental strategy has been pretty great to me.

    I think some playing in the digital investment arena are enamored with the pace. I happen to enjoy it. When you compare typical daily returns up or down traditional stocks are essentially sedentary. If you find daily profit sniping fun I find that easier to do with crypto.

    My issue with cars as investments is the care they require as well as the service and space cost. I need to insure it, garage it, keep the kids and animals away from it, make sure nothing falls on it, make sure nothing scratches it, make sure it starts, replace the tires even though they are still good and on and on. I am doing all that while keeping what now for a GTSR is $300-350k or so tied up. Is the opportunity cost of having that money tied up pretty significant? Probably. For me my hopes would be to double that annually. I am not sure a GTSR doubles annually? It might. As I have said I expect them to be million dollar cars. I just don't know how long it will take.

    For myself personally cars are just a means to an end and that end is driving enjoyment.
    ^^^ Perhaps a brother from a different mother?

    I see it the exact same way, and ponder the cost/opportunity of different markets all the time -- including the car market/real estate/stocks/crypto. And I also feel that cars for me are all about the driving enjoyment and are not "investments". But it is nice/fun to see some of them increase in value and I agree that ACR-E's will be million dollar cars one day (and likely within the next 6-10 yrs).

  13. #63
    Quote Originally Posted by Scott_in_fl View Post
    I agree that ACR-E's will be million dollar cars one day (and likely within the next 6-10 yrs).

  14. #64
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    Quote Originally Posted by BJG32 View Post
    Profit would be $16,600 today.
    Kind of wild that's a "blue chip" of Crypto. Basically the Google of tech (Apple being BTC).

    GainsFarm is my new lotto ticket. I know absolutely nothing about it (well, a little) but my friends who do this for a living rave about it.

  15. #65
    Quote Originally Posted by Lawineer View Post
    Kind of wild that's a "blue chip" of Crypto. Basically the Google of tech (Apple being BTC).

    GainsFarm is my new lotto ticket. I know absolutely nothing about it (well, a little) but my friends who do this for a living rave about it.
    Yep. And as of today that profit would be $25k…. And its still extremely early!

  16. #66
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    Quote Originally Posted by Lawineer View Post
    Kind of wild that's a "blue chip" of Crypto. Basically the Google of tech (Apple being BTC).

    GainsFarm is my new lotto ticket. I know absolutely nothing about it (well, a little) but my friends who do this for a living rave about it.
    Had not heard of GainsFarm. Looking into it. $1000 token is big. Yes, it's the percentage gains that we're interested in, so not a big deal, but unusual.

  17. #67
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    And back to the topic, Vipers are going up, but so is just about everything else. I just renewed my CarGurus search on Aventadors and the damn things must all be up $100k from just a few months ago. For example, even 2012 models that were very low $200's, are now at $300's. And SV's and SVJ's, forget about it.

    Geez, just go look for a recent ZR1 stick and you're paying $180k.
    Last edited by Scott_in_fl; 11-02-2021 at 09:48 PM.

  18. #68
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    Keep the crypto buys coming!

  19. #69
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    ANC, ASH, KDA.

  20. #70
    So whats my 16 stryker purple GTC worth ?

  21. #71
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    Quote Originally Posted by aspman View Post
    So whats my 16 stryker purple GTC worth ?
    2.5 Bitcoins.

  22. #72
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    Quote Originally Posted by Scott_in_fl View Post
    Had not heard of GainsFarm. Looking into it. $1000 token is big. Yes, it's the percentage gains that we're interested in, so not a big deal, but unusual.
    I am going to buy more under $700.

  23. #73

  24. #74
    Shibu Inu lost 14% today as a crypto whale moved $2,3 Billion in tokens from his wallet earlier this week. I saw an article stating if he cashed in his position Shibu would lose 99.99% value. Not for the faint of heart. Think I'll go drive my Viper.

  25. #75
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    Quote Originally Posted by ViperNC View Post
    Shibu Inu lost 14% today as a crypto whale moved $2,3 Billion in tokens from his wallet earlier this week. I saw an article stating if he cashed in his position Shibu would lose 99.99% value. Not for the faint of heart. Think I'll go drive my Viper.
    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).
    Last edited by Lawineer; 11-04-2021 at 01:14 PM.


 
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