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Cryptocurrencies

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Walken said:
he is a great and noble man, having him quote me positively about something I said on John Stones was a tremendous internet day
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I have a feeling the El Browno Frandelino is the CEO of a major multinational and was shorting Bitcoin from January this year.

He's now nostril deep in 90+% directly from the chest of a glamour model, and I mean right now, regardless of when anyone reads this post
 
orly said:
I have a feeling the El Browno Frandelino is the CEO of a major multinational and was shorting Bitcoin from January this year.

He's now nostril deep in 90+% directly from the chest of a glamour model, and I mean right now, regardless of when anyone reads this post
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I agree with you there mate x
 

roydo said:
Very few stocks/markets/bubbles can bounce after a 90% fall, because the values they fell from were unrealistic in the first place. Bubbles burst. (Dot Com, Dutch Tulips, Bitcoin(?)). Stocks that fall 90% are usually terminal, (Woolies, Northern Rock etc etc), and whole markets will indicate economic mismanagement of epic proportions.

Pound cost averaging might work ok with a single market, but a single stock or commodity/bubble, very unlikely.
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Yes, I would always buy the sector. I think that by large trying to pick out individual stocks/coins is a mugs game. There is already an army of Wall St analysts out there trying to do this, so unless you have deeper pockets and better tools than then then you are already hugely disadvantaged. The Dow Jones just lost the last of its original 30 components (GE).. that means that if you have bought the original Dow's individual stocks you would not have got anywhere close to the index's return over time because the index is always ejecting the worst performing members and replacing it with up and coming better companies.

There are more stocks that many might think have seen 10-20 fold changes in price over many repetitionssimply because of their cyclical nature of the industry. A good example is housebuilders - in the last 2 housing downturns they have lost well over 90% peak to trough, yet housing construction is a business that is always going to exist, so a good idea would be to buy housebuilders during the next housing slump. Commodities are cyclical, and a lot of other industries too.
 

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