Dow Jones inching closer to 16k. Anybody else going to sell?

Yakamoto

legendary

Activity: 1218

Merit: 1007

Quote from: AtheistAKASaneBrain on August 12, 2015, 05:54:45 PM

Not holding any. Already cashed all of my shit out and bought BTC. All in on BTC. BTC wins or wins, im tired of traditional stocks acting gay. Time for something fresh and exciting.

You have a good point, traditional stocks are run by bots (Mainly), and if there's a large enough dip, it could easily turn into a shitshow.

Bitcoin, in my opinion, should be a good store of value for a fairly long time, but there are no guarantees it will survive, however there is still a low risk of that happening.

Should stocks crash again, would it be a good time to try and convince others to purchase Bitcoin?

AtheistAKASaneBrain

hero member

Activity: 770

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Not holding any. Already cashed all of my shit out and bought BTC. All in on BTC. BTC wins or wins, im tired of traditional stocks acting gay. Time for something fresh and exciting.

freeyourmind

sr. member

Activity: 364

Merit: 252

Quote from: Alley on August 12, 2015, 10:49:28 AM

If we dip below 16k I think I'm going to sell half my stocks and move into physical gold. I'm not going through 08 again.

I get PTSD thinking about 2008...but waiting until the market drops and selling probably isn't the greatest strategy

Why not sell now and buy back lower if you think it's going to drop?

spazzdla

legendary

Activity: 1722

Merit: 1000

told you to buy the dip

malzahar

full member

Activity: 210

Merit: 100

I`m looking at other areas that have more movement to day trade like oil.

As for investing wise, I just keep my funds with my ameritrade account since its giving me interest just keeping it there.

I only do like 1 or 2 trades out of a week btw.

funkenstein

legendary

Activity: 1066

Merit: 1050

Khazad ai-menu!

Quote from: Harry Hood on August 12, 2015, 04:47:16 PM

Quote from: Alley on August 12, 2015, 10:49:28 AM

If we dip below 16k I think I'm going to sell half my stocks and move into physical gold. I'm not going through 08 again.

Heck no! I'm not going to sell, I'm going back the truck up and buy some more! It's going to be a great buying opportunity to get the really solid companies (e.g., Caterpillar) for very cheap, which doesn't happen very often!

Don't be scared by a sell off, build up some fiat or bitcoin reserves now to deploy into stocks when the sales come around.

.. To deploy into promises from brokers that they both hold and will act on promises from DTCC that they in turn hold and won't sell on reserve tokens from "solid companies" (e.g. Caterpillar).

FTFY

Harry Hood

sr. member

Activity: 266

Merit: 250

Quote from: Alley on August 12, 2015, 10:49:28 AM

If we dip below 16k I think I'm going to sell half my stocks and move into physical gold. I'm not going through 08 again.

Heck no! I'm not going to sell, I'm going back the truck up and buy some more! It's going to be a great buying opportunity to get the really solid companies (e.g., Caterpillar) for very cheap, which doesn't happen very often!

Don't be scared by a sell off, build up some fiat or bitcoin reserves now to deploy into stocks when the sales come around.

spazzdla

legendary

Activity: 1722

Merit: 1000

Nah QE crazy mode will come into effect soon.

5 BILLION A MONTH BOYS!

Buy
The
Fucking
Dip

gotmilk_

sr. member

Activity: 442

Merit: 250

http://www.marketwatch.com/story/dow-death-cross-is-a-bearish-omen-for-the-stock-market-2015-08-11

TA is saying it is time to sell! Wink

RodeoX

legendary

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The revolution will be monetized!

Divesting China stock. Who knows where that train is going?

Alley

legendary

Activity: 910

Merit: 1000

If we dip below 16k I think I'm going to sell half my stocks and move into physical gold. I'm not going through 08 again.

Topic: Dow Jones inching closer to 16k. Anybody else going to sell? (Read 597 times)