I know! Patience pays off. I’m just not sure what order I should set. Maybe not $8000-- there will be too many buyers at that price. $8050? $8500? Both?
Really? No way… you already lost money at the 9k bid and if you go in now again you will lose again when it drops to below 8k and beyond.
Ha ha ha ! Now you are active testing other’s will !!
I am mentally prepared to see it down to $100…
And I think it will fully recover. If I would not believe that, I would have sold 2 weeks ago for $12k/BTC and made 25% profit.
Experienced RE investors laughed at me when I bought a 3/2 house in East San Jose for $204k (in 2010, not in 1980). Of course, the house had the intrinsic value (rental income). I remember I was very nervous that day… until I saw the house… it turned out quite attractive with its white picket fence. The new owner removed that fence for some reason.
Then wait for it to drop to $100. Why catch a falling knife and spend unnecessary money.
Are you equating wuqijun to your friend? wuqijun is shrewder I wanted to buy in East SJ too but my wife doesn’t want to deal with … tenants, are tenants ok? I recall prices have declined more than 80% since the peak… I know because one of my friend has a brand new house there.
I almost bought a brand new house in east San Jose for $375k back in 2010. And then I declined so the seller begged me to buy it at $365k. And again I declined. I wasn’t as savvy with real estate back then as I am now… I was too busy waiting for my stocks to recover
I am not even convinced that I can buy for 8000.
I am convinced that anybody can buy at below $5k shortly.
It will go below 6500.
For sure… no brainer.
Whatever money you put now will be declined long time and will not recover forever.
IMO, You will gain experience than recovering the money you are going to lose !
So bitcoin indeed dropped like a rock. Where’s my respect that you’re supposed to pay me?
Respect will be paid when it fell down to 5k.
$2500 then flat
We can revist next year.
I had one of my rich friends over last night. He thinks the party will continue for stocks. But will end if the Dems take the house or senate in November
I feel 5000 is easy to reach by the trend of bitcoin.
Yes, but he said shortly. I’m giving a month to reach 6500
A month is too long… can’t wait…
So how are your nephews doing with their investments?
I have not spoken to them since. Younger one has gone back to college in upstate NY and the older one is who I will be visiting in few days (Phoenix) so we’ll talk and see.