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/biz/ - Business & Finance

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28520004 No.28520004 [Reply] [Original]

The signs of ''the top'' is that most people will religiously attack anyone slightly bearish.

>> No.28520498

>>28520004
the top is when new money stop flowing in, we have still a long way to go imo.

>> No.28520520
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28520520

fuck you.

>> No.28520610

My parents bought a house in 1995 (Australia) for $155,000.

In 2000 the house prices here started skyrocketing, in 2006 my parents decided it was insane, and to sell, they got $440,000.

They then decided to start renting, and wait out for a crash so they can buy back in cheap when they believed house prices would fall down to a reasonable level.

In 2008 the GFC happened and instead of house prices dropping they actually continued skyrocketing in Australia.

In November 2020 the house they sold for $440,000 back in 2006 sold for over $2 million dollars.

My parents are still renting, priced out of the market, completely, and what about their $440,000? Well inflation raped the profits they made on that by holding it waiting for an opportunity to buy.


Dont be like my parents, being overly bearish can actually ruin your life worse than being overly bullish. At least if youre overly bullish, you still have an asset....

>> No.28520628
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28520628

>>28520498

>> No.28520667

>>28520498
there is one.

>> No.28520683

>>28520610
Good advice, except regarding shitcoins.

>> No.28520836

>>28520683
It applies to BTC at least.

>> No.28520899
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28520899

>>28520520
Yeah fuck that guy!!!

>> No.28521013

Posters in 3 hours:
>in retrospect, it was inevitable and obvious. all the signs were there

>> No.28521156

>>28520004
when niggers start throwing their entire life savings of 20$ into stocks and crypto you know its the absolute fucking top

>> No.28521708

>>28520610
Hold on to things that actually have value and have room for long term growth. There is a difference between meme stocks and unstable shitcoins whose value sinks as fast as they pump

>> No.28522529

>>28520004
like exactly what is happening right now?

>> No.28522783

>>28520004
Unless you have a plan to immediately reinvest, you are usually better off holding anyways in a time of unprecedented fiat debasement.

>> No.28523139

>>28522529
muh rainbows and institutions lol
there are literal prostitutes and rappers shilling btc on tweeter

>> No.28524246

>>28523139
agreed, just hope we can keep the party going a few more weeks, that is all I need to make it