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re: Official CryptoTalk Thread

Posted on 7/1/17 at 3:48 pm to
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82110 posts
Posted on 7/1/17 at 3:48 pm to
Damn, the ETH hype and excited died in the matter of a week here.

No more lambos
Posted by Bullfrog
Running Through the Wet Grass
Member since Jul 2010
60665 posts
Posted on 7/1/17 at 4:14 pm to
They'll be back, later this month.
Posted by dkreller
Laffy
Member since Jan 2009
33627 posts
Posted on 7/1/17 at 4:56 pm to
I've been busy looking at interiors.
Posted by KarlMalonesFlipPhone
Member since Sep 2015
3848 posts
Posted on 7/1/17 at 5:59 pm to
Patience. We'll all be driving lambos within a decade.
Posted by dkreller
Laffy
Member since Jan 2009
33627 posts
Posted on 7/2/17 at 4:32 pm to
Fireworks are going off in Ethereum right now
Posted by LSU2a
SWLA to Dallas
Member since Aug 2012
2891 posts
Posted on 7/2/17 at 7:26 pm to
The ICOs are still going and ETH still has major network issues. What does that mean? This rollercoaster is going to keep going and I wouldn't be surprised to see ETH dive between $200 and $350 several times over July. Most ICOs are not going to sit on their raised ethereum, they will dump it for cash.
This post was edited on 7/2/17 at 7:28 pm
Posted by 50_Tiger
Arlington TX
Member since Jan 2016
43213 posts
Posted on 7/3/17 at 9:44 am to
Baws,

I had this idea while showering.

Hypothetically, if you could identify the next crypto rush and throw 250k at it, then make 5x your investment back (1.25mil) then invest that in nothing but dividend stocks and reap the quarterly earnings, could this be a valid approach to long term wealth?

So at the bones of the question, you invest 250k -> 1.25 mil and throw it all in dividend stock, take your salary on dividends every year.
Posted by MSTiger33
Member since Oct 2007
21505 posts
Posted on 7/3/17 at 9:46 am to
Lot of risk to that
Posted by LSU fan 246
Member since Oct 2005
90567 posts
Posted on 7/3/17 at 9:58 am to
Besides the rusosite
This post was edited on 12/18/17 at 9:31 pm
Posted by 50_Tiger
Arlington TX
Member since Jan 2016
43213 posts
Posted on 7/3/17 at 10:48 am to
quote:

Besides the rush from $70 to $400 a month or so ago, when have we just had a 5x increase like it was nothing?

Buying the other day at $200 was a good idea looking at it right now. The only thing is that everyone thought we were going sub 200 that day. It did the exact opposite


Yeah that was the big caveat in my thought as well. How can you predict something like that and actually be right.

But could you imagine if you were??

I also considered doing this on low price stocks of tech companies that fall off a cliff. Catch the gains on the small rebound.
Posted by MusclesofBrussels
Member since Dec 2015
4956 posts
Posted on 7/3/17 at 5:19 pm to
quote:

I had this idea while showering.

Hypothetically, if you could identify the next crypto rush and throw 250k at it, then make 5x your investment back (1.25mil) then invest that in nothing but dividend stocks and reap the quarterly earnings, could this be a valid approach to long term wealth?


Posted by TJG210
New Orleans
Member since Aug 2006
29309 posts
Posted on 7/3/17 at 11:32 pm to
quote:

also considered doing this on low price stocks of tech companies that fall off a cliff. Catch the gains on the small rebound.


You'll lose your arse far quicker than making yourself a millionaire
Posted by Carson123987
Middle Court at the Rec
Member since Jul 2011
67859 posts
Posted on 7/3/17 at 11:43 pm to
quote:

Baws,

I had this idea while showering.

Hypothetically, if you could identify the next crypto rush and throw 250k at it, then make 5x your investment back (1.25mil) then invest that in nothing but dividend stocks and reap the quarterly earnings, could this be a valid approach to long term wealth?

So at the bones of the question, you invest 250k -> 1.25 mil and throw it all in dividend stock, take your salary on dividends every year.


Bruh
Posted by The Boat
Member since Oct 2008
176207 posts
Posted on 7/4/17 at 12:32 am to
It's good that it's been hanging around $280 with no big ups or downs for a while right? We gonna go back up any time soon? Usually when it holds steady for several days we shoot up.
Posted by dkreller
Laffy
Member since Jan 2009
33627 posts
Posted on 7/4/17 at 1:23 am to
I like to think it's a good thing. Especially with all the talk of Tezos dumping ETH.
This post was edited on 7/4/17 at 1:24 am
Posted by 50_Tiger
Arlington TX
Member since Jan 2016
43213 posts
Posted on 7/4/17 at 9:02 am to
Okay,

I didn't realize this was the OT. If you think its "out there" can you at least explain why.
Posted by 50_Tiger
Arlington TX
Member since Jan 2016
43213 posts
Posted on 7/4/17 at 9:05 am to
quote:

You'll lose your arse far quicker than making yourself a millionaire


I make around 5k a month doing this. My friend who actually introduced me to doing this makes around 30k a month.

Simple: We don't buy into any stock more than 5 dollars. We research the company as to WHY it fell and make a decision on it. Assuming the risk we buy x amount. Sell at the peak of the rally and gain usually 2-5x depending on the stock price, or we have a small loss if we guessed wrong.

We have about an 80% success ratio going right now. He has way more capital to throw at it than I currently, but I am building a significant amount to start moving into his range.
This post was edited on 7/4/17 at 9:07 am
Posted by jeffsdad
Member since Mar 2007
24294 posts
Posted on 7/4/17 at 9:41 am to
Well let us know when you make a move so we can share the wealth! not really "share" but make us some money...
Posted by oklahogjr
Gold Membership
Member since Jan 2010
40237 posts
Posted on 7/4/17 at 10:28 am to
quote:

make around 5k a month doing this. My friend who actually introduced me to doing this makes around 30k a month.

Simple: We don't buy into any stock more than 5 dollars. We research the company as to WHY it fell and make a decision on it. Assuming the risk we buy x amount. Sell at the peak of the rally and gain usually 2-5x depending on the stock price, or we have a small loss if we guessed wrong.

We have about an 80% success ratio going right now. He has way more capital to throw at it than I currently, but I am building a significant amount to start moving into his range.


I like the sound of it. However one shoulf always br aware its much easier to pick winners in a bull market
Posted by LSU2a
SWLA to Dallas
Member since Aug 2012
2891 posts
Posted on 7/4/17 at 10:47 am to
The stock market's continual rise is unsustainable. Unless serious tax reform and a decent infrastructure bill is passed soon, the stock market will experience a significant correction and cryptos will see a boost. Be careful exposing yourself to the stock market at this point.
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