Brownslave688
You want a toe? I can get you a toe.
Kick that to 3 month or 6 month.
Bitcoin/Ethereum/cryptocurrencies
- Thread starter 35years
- Start date
Brownslave688
You want a toe? I can get you a toe.
Eventually the shorts get reckt. Then it really takes off.
I was in the low 60’s.
I bought a lot at 200+
Sells set for 174. Then plan to buy back in around 100.
Well after I take the 90 or so out we bought with the tax refund.
DriveInDriveOut
Inordinately Right
To hide massive volatility and terrible returns?
Brownslave688
You want a toe? I can get you a toe.
No to show what could be if one bought at the bottom.
I washed all of my trades in late December. And bought back in the next day. It’s legal in crypto. Was able to write off 80% of my capital gains for the year.
And now my overall investment is in the black.
Brownslave688
You want a toe? I can get you a toe.
You’re stuck thinking like stocks. 36% ain’t a bad loss when the previous year was +1200%
DriveInDriveOut
Inordinately Right
Well the post wasn't for you, it was to troll faceplanted, who treats crypto as his retirement plan.
I know you've got the money to save for retirement and also play with crypto. Have fun.
Brownslave688
You want a toe? I can get you a toe.
Hopefully in another 3 years it’ll be my retirement plan
DriveInDriveOut
Inordinately Right
Faceplanted
Well-Known Member
Stocks are totally different!! Instead of owning a bunch of numbers you own a bunch of “shares”
Hate to break it to you but it’s the same thing.
My real estate investments are booming as well, closing on selling a rental property next week and my homestead will be nearly paid off.
I diversify believe it or not, just not in the boomer stock market. We will still have 2 rental properties with a ton of equity and passive income. I can literally retire whenever I want and start a business or get a bs job. It feels good fam.
DriveInDriveOut
Inordinately Right
So not only do you buy crypto, but you leverage massive debt from bankers to pretend you own real estate.
Cool beans!
Brownslave688
You want a toe? I can get you a toe.
What'dyabringmetoday???
Well-Known Member
Hey- some of us are learning from this guy. Lol.
Faceplanted
Well-Known Member
Early 30s
>Nicer rides than you
>wife that has a successful career
>no kids
>0 debt
>new construction house almost paid off after 5 years
>rental properties giving passive income
I can taste the seething fam. Best of luck to you and working until your 55. Maybe your pension will only get dropped by 60%.
Btw brownslave will end up making 10-20 years of 401 gains in one year. I’ll say poor though because I’m invested in a scam.
DriveInDriveOut
Inordinately Right
Sounds like you're confused about the word debt.
1989
Well-Known Member
You get confused when the cost of debt on an asset is smaller than the net gains.
DriveInDriveOut
Inordinately Right
Hope it all works out for you fren.
1989
Well-Known Member
Has worked for about a decade. Debt secured by the underlying asset. All have different equity percentages, but all have been successful. Especially when I concentrated on the quality ones. You got anything for sale?
DriveInDriveOut
Inordinately Right
I'm glad it's worked out for you in the longest bull market in history. Sounds great, congrats.
1989
Well-Known Member
Also one of the weakest bull markets. It would’ve worked from 1999-2009 also. But would never work with an attitude like yours.
DriveInDriveOut
Inordinately Right
Every time I mention mortgages being debt, you attack. Seems to me you need to argue about it to justify it to yourself.
It's probably something that's on your mind a lot, weighing heavily on you. Hope it all works out for you friend.
