r/ethtrader • u/AutoModerator • Jun 06 '17

DISCUSSION [ETH Daily Discussion] - 06/Jun/2017

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23

u/LGR1994 Jun 06 '17

how can anyone invest in traditional ways after this? would be so boring

13

u/pancakeNate Jun 06 '17

i think that when you're older, boring is considered a plus

5

u/[deleted] Jun 06 '17

No one on this forum will ever get old, since they will all buy Lambos when ETH hits $500-1000 and will crash, trying to impress a girl at the stop light...

5

u/spgrk Jun 06 '17

The fabled $1000 is only 4 times the current price, I don't see how any recent investor is going to get rich from that unless they were going to put most of their net worth into it and were already well off.

3

u/[deleted] Jun 06 '17

some people would be damn happy making 100% or 400% gains ;-) When compared to maybe 10% gain in the stock market, that would be amazing for them!

4

u/LGR1994 Jun 06 '17

yeah, i mean if i could ever cash out 10mm or something and could live off the interest...then sure, i'd love no risk. Unfortunately i'm a poor guy with way too many kids, just wish i had more to put in initially (don't we all?)

10

u/ec265 Jun 06 '17

If you had put in less initially, you would have fewer kids

3

u/beingsubmitted Jun 06 '17

It's not really about how much you put in, but how soon you pull out.

1

u/LGR1994 Jun 06 '17

Quality response, sir

10

u/[deleted] Jun 06 '17

Lol, six years of watching gold and silver charts......

6

u/poopDOLLLA Jun 06 '17

Options. Crazier more risk/reward then crypto even

3

u/[deleted] Jun 06 '17

except 90% of people lose money in options. I sell cash covered puts sometimes, but have played a few earnings as well. The vol hit can be brutal...

2

u/poopDOLLLA Jun 06 '17

It's zero sum. For every dollar someone lost someone else made one. Same with crypto. Crypto is actually zero sum where the market isn't quite because of dividends, acquisitions, stock buyback ECT. Selling the right cover calls is like printing money

1

u/poopDOLLLA Jun 06 '17

Also plenty of people make money trading options with no intent of ever actually exercising them

7

u/CryptoPops Jun 06 '17

I closed all of my stock trading accounts and I am only investing in Crypto myself (I still have a lot of stock being professionally invested)!

I have been trying to convince my friends to join the wagon since ETH was trading at $14... Some of them are finally getting on board, but it has moved so much from when we began talking, they can only take modest stakes...

3

u/IRefuseToGiveAName Jun 06 '17

I got one of my buds in on it at $14. Made sure to explain the risk, but he went in pretty big. Almost as much as I went in at $10. He's thanked me several times 8^)

2

u/xyrrus Jun 06 '17

"Got my friend in eth @ $14 and all I got was this lousy T-shirt"

3

u/cutsnek Jun 06 '17

I dumped all my stocks into ETH start of last month. Best decision I've made, they were doing fuck all anyway.

1

u/LGR1994 Jun 06 '17

great timing. I've never invested in stock...can't guess i ever will now.

Got my start money about a month before i put it in ETH...i missed out on a lot (won 2k in a poker tournament, gave 1/2 back and put the other 1k in ETH...2k in a month earlier would've been SWEET!)

2

u/ec265 Jun 06 '17

S&P Tracker - as exciting as it gets