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#1
11-21-2020, 08:30 AM
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Quote:
This has been my father's mantra with stocks for years. My carpool buddy, sort of thinks he's hip, 40 year old , still dresses in skater gear bought bit coin at $800. He had one bit coin and discussed it a lot. Now one thing to know about Dave, he is real tight with a buck. Cheap AF. We'd drive in and he would give me a check for $83.17 for tolls and gas. (Round up or round down, right?) Anyway, bitcoin dropped to $300 and he was really upset. I told him "buy another one. You'll have 2 for $550". He didn't do it and he brings it up from time to time. So...don't regret the things you purchase. I was having a bit of buyer's remorse last month. I was checking out this Cy Young on eBay with a weird stamp. Card was real beat up, but the seller had 7000 stars, the minimum bid was $280. My 4 year old son was distracting me at the time, I placed the bid. Completely forgot about it. It was the first bid, obviously there would be others in the week. Well...imagine my surprise when I got an email looking for $318. Anyway...good call being happy with the purchase. 
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#2
11-21-2020, 03:10 PM
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Bitcoin
Quote:
A bit off topic, but have you ever actually checked out the price of Bitcoin? It hit $800 in December 2016 and has never been priced lower since. Over $19,000 in December 2017. The price then slid to around $3,100 in December 2018 and is now trading over $18,600. So, I don't know how your carpool buddy was able to buy it at $800 and watch the price drop to $300 - that just never happened. Full disclosure - I am not a fan of cryptocurrencies like Bitcoin. I think blockchain technology is amazing with so many uses, I just won't put money into something when someone I don't know can simply "mine" more of it. I must admit, lots of others have made lots of money on it - just not me.
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