@CDX_EIRE What is your target for Penn? I had it at $100 for the end of next year and then I'd reassess the situation but we are almost there now.
I am holding it in my retirement account so I'll probably just let it run TBH - I've sold too many things too early and missed 1x 2x you know.
What I am going to do is take a tiny bit off the top of PTON because its became 17% of my account so I need to rebalance a little.
Retirement account? I have always assumed that you are younger than me. I'm 42 (and a half).
THE CLEVELAND BROWNS ARE IN THE PLAYOFFS FOR THE FIRST TIME IN 18 YEARS!!! I'm still crying.
Does Randy still own them?
He sold them in 2012 for over $1 Billion. https://www.espn.com/nfl/story/_/id/8225861/randy-lerner-sells-cleveland-browns-more-1b-sources-say
I see Bitcoin is down about $3,500 off its peak. That's about 10%. It's such a spectacular thing to watch. I was searching for the right word there. Commodity? Investment? Currency? Stock?
Pyramid scheme
I think so too. Out of curiosity, is there a price point at which you would buy in?
I think so too. Out of curiosity, is there a price point at which you would buy in?
Apparently this is huge
https://cointelegraph.com/news/occ-greenlights-national-banks-to-run-nodes-and-stablecoin-networks
Major lobbyist group the Blockchain Association noted of today's announcement that "The letter states that blockchains have the same status as other global financial networks, such as SWIFT, ACH, and FedWire." Such flagships mechanisms of international payments have had to up their games in response to competition from blockchain-backed payments in recent years.
I think the best thing to do with Bitcoin and Etherium is to average into it over time, just my opinion. Going all in at any point is just suicide given the volatility.
I've been throwing $50 into them everytime they pullback, admittedly, it hasn't fully worked out on this occasion as I put it in at $32,000ish.
I have fuck all in it btw just like $600.
Edit:
I understand the fear with it, Westworld season 3 shows how the blockchain can really cause chaos. Given it is so private you could build an app as they did on the show where basically it is tinder for criminal pursuits. You match the level of crime you're willing to commit and you get assigned jobs and paid via blockchain. Nobody ever knows and nobody can track it.
Howard Lindzon is a guy I follow and he is brilliant IMO. He says as the banks figure out how to trade it and the laws change it will stabilize and become less volatile. The issue is they cant do anything with it and over time that will change as they learn how to make it a product.
The banks won't touch it because it's unregulated, erratic and impossible to value. The bitcoin fans are always talking about when the institutions start investing because that would drive up the price.
It's like the gold bugs. They are always convinced that the dollar will crash and gold will go to the moon. That event is always just around the corner and now is the best time to buy in. They all go on each others' shows and agree amongst themselves that gold is undervalued and the price is about to rise spectacularly.
Here's a new one to watch; whacky backy!
Legalisation has been growing across the US but the Mary Jane ETF is down heavily this year. There is a lag in the market but they are expecting the markets to get very fizzy on weed once the legal issues are sorted.
Look for a bottom of $12 within the next month or two and fill yer boots.
The stock is the Alternative Harvest ETF, ticker MJ.