Cryptos all green.
BTC building steam. $40,711.
They say heavy resistance at $41,200.
If it breaks it could go up to $48k.
BTC building steam. $40,711.
They say heavy resistance at $41,200.
If it breaks it could go up to $48k.
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Hi, Jake. Right now, I think I'm a Net Loser on the thread. And certainly a Net Loser vs other investment options I could have made.
Re: PSA 10s, I don't have any great reason. Other than the fact that the escalator from 9 to 10 often seems irrational to me. Throw in the fact that 10s are often hard to find. And I think they're even harder to move. Try finding a buyer when the market price is $500+.
I am having fun w/ the trading cards. Of course, I want to turn a profit. Mostly happy w/ the collection I've built. Because of the recent downturn, I'm upside-down on some items, 1986 Fleer basketball comes to mind. -70% on some of those prices.
If I had any guess at Card Prices in the 2nd half of the year, I'd say to look closely at POP counts. It's laughable how many PSA 10s on the 2018 Doncic Prizm. 17,000 PSA 10s!
I'm looking deeper for cards that are lightly traded. Cards that have not yet got to clear price discovery. I'm delving into soccer cards older than 15+ years old. If you go beyond Haaland/Mbappe/Messi/CRonaldo, I think there are some bargains to be had. But even there, the market is moving pretty quickly.Where's the fuckin power box, Carol?Comment -
A few more comments on the PSA 10s. I do have some, but not many. Mentally, if I get a PSA 9, I've already reached Mint level.
*I don't own any PSA 10s for 1986 Fleer Bask. I just think the nose-bleed prices are too high. Who is in the market to buy those? Not too many people.
*However, I have built up a little collection of PSA 10s for 1987 Fleer Bask. No huge names. The 1987 set had major centering problems, hard to find well-centered. I'm of the opinion that an 1987 card which achieves PSA 10 status will hold up over time as a piece of art.Where's the fuckin power box, Carol?Comment -
Now is the time to be buying with prices pretty low. You are right, the POP reports are a big factor especially with more modern cards(Doncic Prizm PSA 10 as you mentioned for example). The only modern cards I'm interested in these days are short prints or serial numbered so the rarity is there.Comment -
You do have to pay a premium for PSA 10s but the upside is much greater as well. I do have a couple of 1986 Fleer PSA 9s(Olajuwon and Malone). I'm on the hunt for a PSA 10 1988 Fleer John Stockton rookie at a reasonable price. I feel like his cards are criminally undervalued given the fact he has 2 nearly unbreakable all time records(assists and steals).Comment -
I love Stockton. You're right, he was so good.
I did a stat comparison vs his contemporary. Stockton vs Isiah Thomas.
People think they were similar. Or even that Thomas was better, b/c he was more explosive. No, Stockton was much better.Where's the fuckin power box, Carol?Comment -
Isaiah Thomas might have been more explosive but Stockton was way tougher, the guy was an absolute junkyard dog in disguise as an unassuming white guy.
Look at how many assists and steals he has the lead over the #2 guy. Then look at Stockton's career and how he played damn near every game for his long illustrious career. The way the game is played nowadays with so many days off and "load management", noone will probably ever come close to breaking either record.Comment -
Getting buried on this. No excuses.
Will post evaluation @ end of June.Where's the fuckin power box, Carol?Comment -
What is the next move Chucky?Comment -
Hi, Pab. Was trying to forget about this thread.
As it relates to this thread, very little to do. My cash balance is now almost $0. Of course, I was hoping to see some assets appreciate.
My time horizon outlook is really six months out. Scoping out where prices might go by 12/31. Economic uncertain times for sure.
Update coming in a few minutes. Based on recent results, I'm not the guy to be listening to.Where's the fuckin power box, Carol?Comment -
See post 76. Within rounding, here is my math:
*BlockFI credits 5%/12 monthly interest on BTC. That = .42% of your balance (within rounding).
*BlockFI credits 5.5%/12 monthly interest on LTC. That = .46% of your balance (within rounding).
My June interest:
*BTC: .02 * .0.0042 = +.000084. So, a few Satoshis!
*LTC: 12 * .0046 = +0.055.Where's the fuckin power box, Carol?Comment -
OK, here's my update:
*Added in the BlockFI interest, which is small (but it adds up).
*See the posts for some LTC/ADA/BTC purchases.
*5 stocks: unchanged.
*Bought 5 cards, one box, and 8 packs. Will evaluate at Cost Basis until I sell OR Fair Mkt evaluation should clearly be scaled up/down.
Overall, it's not pretty. I'm upside-down on most of these items. And my Cash Balance is now low, so no buying options in the near future.Where's the fuckin power box, Carol?Comment -
shares valuation total LTC 19.055 132.7 2,529 ADA 500 1.31 655 BTC 0.030084 33175 998 ETH 0.20 2056 411 VO 1 238.53 239 NOBL 4 91.09 364 URA 10 21.33 213 PSLV 30 9.23 277 SCCO 6 63.18 379 CARDS (13) Cost Basis 1,237 Packs (8) Cost Basis 72 BOX (2) Cost Basis 140 SILVER BAR Cost Basis 694 INVESTMENTS 8,208 cash 54 TOTAL 8,262 Where's the fuckin power box, Carol?Comment -
Hang in there and don't let the red concern you too much. I LOVE the ADA play, I am super bullish on it and if I had more cash that would be the first thing I average down on.
Have you looked into Topps MLB NFTs? I can't say they are a good investment (I'd actually say they are a pretty crap investment currently, but they do have a super high upside if they ever take off like NBA Top Shots did) but might be worth checking out. https://toppsmlb.com/
Have you looked into options trading? Options are a much cheaper (but riskier) way to get gains in the stock market. Buying 100 shares of TSLA ($680 a share) ain't happening for me anytime soon, but for less than a few thousand dollars you can have leverage over 100 shares of even the priciest companies.
Grit your teeth and ignore your profit/loss figures for now and you'll have a great July I am sure.Comment -
Thanks, peace! Remember my note from a while back? I knew you were a sharp guy.
I don't mind volatility. Gotta be able to handle the swings. The part that makes me blush a little is that one could be doing fine right now on any balanced stock-index fund. Feel like I might have tried to get too clever.
You want some cash to get down on more ADA? My terms are low. Maybe 4% on a 6-month SBR Pro loan.
The NFT stuff doesn't make sense to me. Of course, crypto-currency doesn't make sense to A LOT of people.
I don't do Options. At the moment, I'm too busy to think about it.
I am having fun w/ my trading card collection. Have to say that my eyes are open. I have seen prices on Holy Grail cards dip in the L4 weeks. My presumption is that a lot of people need to turn around $$ to pay bills. And the collection is one of the things that must go.
Will do the evaluation again in 30 days. My cash balance is down to dust! So, not many options in the near future.Where's the fuckin power box, Carol?Comment -
haha, no loans for me these days, I appreciate the offer though. That’s the way to go honestly, get that passive income in anyway possible, even if it’s just betpoints (cashing out for some Bitcoin is always a nice treat when I hit a winner).Thanks, peace! Remember my note from a while back? I knew you were a sharp guy.
I don't mind volatility. Gotta be able to handle the swings. The part that makes me blush a little is that one could be doing fine right now on any balanced stock-index fund. Feel like I might have tried to get too clever.
You want some cash to get down on more ADA? My terms are low. Maybe 4% on a 6-month SBR Pro loan.
The NFT stuff doesn't make sense to me. Of course, crypto-currency doesn't make sense to A LOT of people.
I don't do Options. At the moment, I'm too busy to think about it.
I am having fun w/ my trading card collection. Have to say that my eyes are open. I have seen prices on Holy Grail cards dip in the L4 weeks. My presumption is that a lot of people need to turn around $$ to pay bills. And the collection is one of the things that must go.
Will do the evaluation again in 30 days. My cash balance is down to dust! So, not many options in the near future.
And as far as nfts are concerned, I don’t think anyone actually understands them. 99% of people just see a quick buck and not something to hang onto. Including me haha. With that said though, I have been “collecting” (or more accurately opening packs and selling them) NBA Topshot “moments” (cards) and have been extremely lucky with some packs, each has been profitable by anywhere from 2x to 10x the cost of the pack. Sold a Lebron James all star game “moment” (card) for $899 from a $200 pack. If I had sold it immediately it would have gone for over $2K… but I am not complaining.
keep at it, I’m confident you’ll be back in the black this monthComment -
Thx, Peace. Yes, this is discretionary $$. Have to think about worst-case scenario.
That's interesting that you could score on NFTs and then turn it around for profit. One always has to wonder about the quick-flips. That sort of implies that no one wants to be the last guy HOLDING THE BAG.
But I think that way about US Dollar$ right now. Turn them into something useful before people figure out that they're hollow!Where's the fuckin power box, Carol?Comment -
Peace, u know I value your opinion:
1) You know I'm long BTC and LTC. I'm just waiting for the surge.
2) What do you think about Gold? Been thinking about buying a 1/4-oz.
3) What is your take on the housing mkt? In a perfect world, I'd have some dry powder ready. If housing prices plummet 50%+ (like I think they can), might take a look at buying some property.Where's the fuckin power box, Carol?Comment -
I don't post too much news in here, but:
*I likely won't be selling ETH any time soon. Was pondering a sale if it creased $2700.
Altcoin Daily is reporting ETH supply shock based on 8/4 change tied to token-burn. Wish I understood it better. Net effect is reduction in daily mkt supply.
Do as you see fit.Where's the fuckin power box, Carol?Comment -
There's going to be tons of dips and rallies and man oh man does it suck going through the painful dips, but BTC and the more popular cryptos are definitely going to be around for the foreseeable future. Whether these headlines along the lines of "<some rich guy> says BTC to $250,000 by 2025" are even in the right universe remains to be seen, but as long as BTC is still a thing the value almost HAS to go up. Not only is there a maximum number of bitcoins that will ever be mined, there are a lot more BTC than people realize that have just been lost for whatever reason. People get locked out of their wallets or pass away for example. If there was an upper limit to how many US dollars there could EVER be in the world, I know i'd approach finances very differently.
Personally, I've never been all that interested in gold as a store of wealth, although with all the talk of inflation I can understand the appeal. I can tell you like tangible assets, which in this time of rampant speculation can potentially pay off big (e.g. you'll have gold bars and collectibles while fools like me are left with worthless .gifs haha). Though, I don't know if it is worth the extra hassle to own the physical gold itself, the lazier way to get exposure to gold without owning the actual bullion would be to invest in an equity that tracks with gold such as GDX. Also, silver might be the sexier play over gold these days since it is used for more actual manufacturing purposes.
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Its hard to tell how much of this housing boom will last, I've seen some headlines recently about wall street firms buying entire neighborhoods in some places which might be temporarily lifting prices. I would take that with a grain of salt though as I don't keep nearly as close an eye on real estate. Owning property in a good location doesn't ever seem to be a mistake in the long run though.Comment -
Thx for the response, Peace. Full respect!
Wish I could say that my portfolio looked better. ANYONE can be right over time, if their time-horizon is long enough.
The charts on the $$-printing are truly insane. Feel like something is coming home to roost in the near future.
USA has become laughably bad. What is this deal w/ small businesses not being able to find skill laborers? The motivation was sucked out w/ all these handouts. Who is kidding who? How did the American work-ethic turn to shit?
As for my Item 2 comment (above), re: seeking out Physical possession of Gold. Here is my ONJohn tribute. Let's get Physical:
Where's the fuckin power box, Carol?Comment -
July update. A few days later:
*Small amount of interest credited to LTC and BTC.
*Cryptos bouncing back.
*Somehow, my Stock selections were beyond awful.
Still below $10k buy-in:
shares valuation total LTC 19.12646 143.1 2,737 ADA 500 1.387 694 BTC 0.030184 40851 1,233 ETH 0.20 2838 568 VO 1 242.60 243 NOBL 4 92.46 370 URA 10 19.40 194 PSLV 30 8.82 265 SCCO 6 65.00 390 CARDS (13) Cost Basis 1,237 Packs (8) Cost Basis 72 BOX (2) Cost Basis 140 SILVER BAR Cost Basis 694 INVESTMENTS 8,835 cash 54 TOTAL 8,889 Where's the fuckin power box, Carol?Comment -
I always had a sneaking suspicion that that song was about investing!Thx for the response, Peace. Full respect!
Wish I could say that my portfolio looked better. ANYONE can be right over time, if their time-horizon is long enough.
The charts on the $$-printing are truly insane. Feel like something is coming home to roost in the near future.
USA has become laughably bad. What is this deal w/ small businesses not being able to find skill laborers? The motivation was sucked out w/ all these handouts. Who is kidding who? How did the American work-ethic turn to shit?
As for my Item 2 comment (above), re: seeking out Physical possession of Gold. Here is my ONJohn tribute. Let's get Physical:
I agree that the excessive stimulus handouts were absolutely a poor decision and who knows anymore what is happening with these unfilled jobs. Hard to be too optimistic seeing some of these numbers, but I think the counter argument would be that there was going to be a time period (whether its months or years I do not know) where upon post reopening there would be a good deal of displaced workers that are just naturally transitioning between jobs and careers, but rather than incrementally happening, major changes were forced upon the economy so it needs time to return to equilibrium. Hopefully that will work itself out without being too much of a detriment to businesses, but again, whether it takes months or years, who knows.
From a quick glance at your balance sheet I have a feeling your patience is paying off (especially with the crypto). I made a decent sized BTC and ADA buy right around BTC was 33K but now I really wish I didn't half ass it and threw some more into both. I'm going to resist buying for the time being and see how the crypto market looks again in a few weeks.
I like to see the patience paying off and I hope to see some triple digit % returns by September haha. Let's keep the gains coming.Comment -
Thanks, peace. Yes! Olivia's original lyric was "Let's stack PHYSICAL. Physical."
Very happy w/ the crypto rebound. Heading toward a balance > 10k original.
My failures in here were my stock picks. Also, I donated a good chunk on sport-picks.
Need to evaluate this in terms of Real vs Nominal. Feel like inflation is easily +10% in 2021. So, I think a flat-line might be something like 11,000 balance.
Committed to updates at least thru end of 2021 CY. We'll hope for the best.Where's the fuckin power box, Carol?Comment -
Happier review this month. Crytpos surging. ADA more than doubled in last month!
Reviewed the cards. Want to acknowledge that I'm under-water on some of this stuff. So, I'm using LCM (Lower of Cost or Market) for conservative valuation on the Marino/Reed.
Very small interest gained on LTC/BTC:
shares valuation total LTC 19.198 181.8 3,490 ADA 500.000 2.859 1,430 BTC 0.0303 48454 1,467 ETH 0.200 3765 753 VO 1 248.26 248 NOBL 4 94.19 377 URA 10 21.60 216 PSLV 30 8.48 254 SCCO 6 61.73 370 85 Marino LCM (cost = $40) 22 86 Areed LCM (cost = $70) 50 CARDS (11) Cost Basis 1,127 Packs (8) Cost Basis 72 BOX (2) Cost Basis 140 SILVER BAR Cost Basis 694 INVESTMENTS 10,711 cash 54 TOTAL 10,765 Where's the fuckin power box, Carol?Comment -
Nice! Looking a lot better this month man! Told ya ADA was going to be solid. Cryptos (as I’m typing this at least) have dipped considerably and I’m using some profits from some big NFL payoffs buying more ADA at these levels for sure ($2.10ish). Also buying the BTC dip and possibly SOL. Just dipping a toe into SOL since I need to do some more due diligence but also something to keep your eye on.
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Sept month-end valuation. Pretty lame, but TBD:
shares valuation total LTC 19.354 174 3,368 ADA 500.000 2.2 1,100 BTC 0.0305 51420 1,569 ETH 0.200 3514 703 VO 1 239.01 239 NOBL 4 89.46 358 URA 10 24.37 244 PSLV 30 7.87 236 SCCO 6 56.24 337 84 Marino LCM (cost = $40) 22 86 Areed LCM (cost = $70) 50 CARDS (11) Cost Basis 1,127 Packs (8) Cost Basis 72 BOX (2) Cost Basis 140 SILVER BAR Cost Basis 694 INVESTMENTS 10,259 cash 54 TOTAL 10,313 Where's the fuckin power box, Carol?Comment -
Sold 4 shares of NOBL.
Bought .0072 shares of BTC @ $56,278 rate.
Will update math later.Where's the fuckin power box, Carol?Comment -
Sold: 1 share VO, $249.
Bought: .001 BTC. Cost $241, plus $4 fee.
New Cash Balance = $4.Where's the fuckin power box, Carol?Comment -
October month-end evaluation. I know I'm a day early:
*Mostly good Oct returns. Life on the wire.
I did sell the two stocks and add to BTC holdings. LTC has disappointed me a little.
Overall, return looks pretty good. Just keep in mind that we should be thinking Real vs Nominal, so that we stay ahead of Inflation:
shares valuation total LTC 19.350 190.64 3,689 ADA 500.000 1.96 980 BTC 0.0417 60990 2,544 ETH 0.200 4265 853 VO 0 239.01 - NOBL 0 89.46 - URA 10 26.86 269 PSLV 30 8.36 251 SCCO 6 60.00 360 84 Marino LCM (cost = $40) 22 86 Areed LCM (cost = $70) 50 CARDS (11) Cost Basis 1,127 Packs (8) Cost Basis 72 BOX (2) Cost Basis 140 SILVER BAR Cost Basis 694 INVESTMENTS 11,050 cash 4 TOTAL 11,054 Oct 2021: MONTH-END Where's the fuckin power box, Carol?Comment -
Looking forward to report at the end of NovemberComment -
Thanks, Pab. Looking good at the moment.
I've actually made several errors in judgment. First one was trying my hand at some Sports Bets. Blew at least $700 on those, otherwise results would look much better.
New area I've been browsing in is Debt Instruments. If anyone is thinking about buying a car right now, not a bad time. If your Credit rating is decent, you can Finance to an Interest rate that's much lower than what you should expect to earn on investments. Also, cars not depreciating as fast at the moment, crazy.Where's the fuckin power box, Carol?Comment
