ChiefsPlanet - Money Bitcoin Take?

There's a lot of experience, knowledge, and gains in this thread about a highly volatile and susceptible investment from people who are not rando's. Where would you seek advice?

r/wallstreetbets

eitooh

05-23-2021 06:12 PM

Quote:

Originally Posted by KChiefs1 (Post 15684409)

My cd’s just matured. I’m tired of earning nothing on them.

Is now a good time to jump in?

I have $429,000 to invest...should I do the whole amount?

I would maybe do 5% in crypto and 95% in strong companies like the S&P 500.

Michelangelo

05-23-2021 06:25 PM

“Yo Elon what do you think about the peeps who are angry at you because of crypto.”

Musk responded: “The true battle is between fiat & crypto. On balance, I support the latter.”

KChiefs1

05-23-2021 07:00 PM

Quote:

Originally Posted by TLO (Post 15684472)

I know when I'm looking to invest $429k, I go to www.chiefsplanet.com for all my advice!!!!

Why not? Everyone knows that CP posters have 10” cocks, date supermodels & are multimillionaires.

KChiefs1

05-23-2021 07:01 PM

Quote:

Originally Posted by MTG#10 (Post 15684432)

I'd do:

$300k bitcoin
$100k ethereum
$29k hookers and blow

I know I need to diversify. ROFL

KChiefs1

05-23-2021 07:02 PM

Quote:

Originally Posted by eDave (Post 15684493)

There's a lot of experience, knowledge, and gains in this thread about a highly volatile and susceptible investment from people who are not rando's. Where would you seek advice?

Exactly

wazu	05-23-2021 07:03 PM

Quote:

Originally Posted by MTG#10 (Post 15684432)

I'd do:

$300k bitcoin
$100k ethereum
$29k hookers and blow

The $29K could easily have the best ROI.

KChiefs1

05-23-2021 07:03 PM

Quote:

Originally Posted by eitooh (Post 15684509)

I would maybe do 5% in crypto and 95% in strong companies like the S&P 500.

That’s the conservative way to go but I want something that can turn $429,000 into $5-10 million.

ChiefRocka

05-24-2021 07:33 AM

"Why does the water level drop before the tsunami hits? Because it is like a tide, the tide goes out before it comes in. Traditionally we used to call these features ‘tide waves’ because they behave like a tide. The water particles haven’t traveled from the epicenter of the earthquake, they have oscillated back and forth and the tidal flow does just the same. As the tsunami approaches water is drawn back from the beach to effectively help feed the wave. In a tide the wave is so long that this happens slowly, over a few hours. In a short small ‘wind wave’ we see it happening every few seconds as we dodge waves on the beach. A tsunami is short enough to have a rapid effect, in minutes, but long enough to carry enormous energy."

BWillie

05-24-2021 12:26 PM

Quote:

Originally Posted by KChiefs1 (Post 15684409)

My cd’s just matured. I’m tired of earning nothing on them.

Is now a good time to jump in?

I have $429,000 to invest...should I do the whole amount?

lol cds

BWillie

05-24-2021 12:30 PM

Quote:

Originally Posted by KChiefs1 (Post 15684543)

That’s the conservative way to go but I want something that can turn $429,000 into $5-10 million.

Let me get this straight, you are coming from CD's to Crypto?

That is one complete change in investment strategy. Kudos...if that is your goal then crypto is for you. If you don't mind letting it go way down and way up every so often. No guarantees, though.

Fat Elvis

05-24-2021 12:37 PM

Quote:

Originally Posted by KChiefs1 (Post 15684543)

That’s the conservative way to go but I want something that can turn $429,000 into $5-10 million.

Quote:

Originally Posted by BWillie (Post 15685065)

You know...since you've been waffling on this, you missed out on an easy opportunity to turn that $429K into that $5-10M....if you had gone all in at $31K yesterday at a 100x leverage (that some crypto exchanges allow) you could of cashed out today at over $8M.....

SAGA45

05-24-2021 01:20 PM

Quote:

Originally Posted by Fat Elvis (Post 15685072)

You know...since you've been waffling on this, you missed out on an easy opportunity to turn that $429K into that $5-10M....if you had gone all in at $31K yesterday at a 100x leverage (that some crypto exchanges allow) you could of cashed out today at over $8M.....

What are the downsides to 100x leverage trading and which is the most secure exchange amongst those that offer it?

eDave

05-24-2021 01:38 PM

Liquidation.

Michelangelo

05-24-2021 02:32 PM

Quote:

Originally Posted by BWillie (Post 15685065)

True. It’s too volatile for weak hands.

Way down = 80% loss from top (would you be able to stomach seeing that $429k turn into 85k before it goes up to 5 million?)

Way up = 1000%+

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