The J-DEN / Text Channels / finance

i bought in late 2017 early 2018

you bought in at 16 k

sometime then

?

yyeah

ok ok so did it drop off?

$16k price, i put in $1k

yeah it dropped hard lol

how long is the cycle for buying then

when do you think we will be in bear market

no clue. if i knew 100% I'd be rich

So what would you think a target number for now to buy in would be- like say it’s at 23.5/24k now- would you buy at 22? Wait until it goes below 20? Even lower

its just a very good bet not to buy at all time high

i'd wait til 10k

lemme check a price graph

You think it’s gonna lose over 50% of its value

this

?

😳

yes, its happened before

I remember the 2014 "peak" and the subsequent crash

so whats the optimal price you're expecting

likewise 2018

I thought the whole point was that we were in the lindy stage where it was out of the initial startup phase

again i dont know probably in the 10k-15k range

But I do see your point

im bearish on bitcoin getting mainstream adoption

some form of crypto will, almost guaranteed

bitcoin itself, idk im not sold on it

its proved to be a good investment tho

Yeah I’m just wondering if the massive dips have already passed if we’re headed for mainstream adoption. If not BTC, what would you think? Are you like a bsv/Bch guy?

I guess Ethereum is the other big player

i'm way out of my league here but wouldn't it make sense for the mainstream adoption to be some major establishment-backed crypto like libra?

I mean if it’s a crypto backed by a central back then doesn’t that kind of defeat the point of having your money outside of the fiat system?

(Also way out of my league)

yes definitely, but i don't think most people would have any knowledge of that so i don't think that would make a difference in its popularity

apparently the central bank here in sweden is working on a cryptocurrency

Yeah I heard even like Facebook is releasing one

yeah that's libra

i'm sure there is major funding going into the development of that

Oooh ok gotchu

Oh for sure

the forks of BTC are just riding its coattails with little actual development afaik

I dont know where crypto goes from here

I know chainlink and ETH are good bets. I'd get in at the dip

anyone here have experience flipping shit on ebay/amazon?

Just downloaded robinhood, what now?

buy stocks that swing lots and ride the wave and make bank

based

$TH take a look at that one. Decent swings good upside

Low capital investment

(I’m not a finance advisor FYI ok don’t go broke and blame me)

Thanks for the advice

any poor choice or investments are on me dont worry

What websites can u use to watch that kind of stuff?

Also anyone got any good YT recs on how to get into trading?

Someone posted this dudes channel he talks about the fed a lot Steven van metre or something idk. Relaxing dude to watch

I flip stuff on eBay

Here’s his explanation of QE and why deflation is more likely than inflation, dollar and 10 - 30 year treasury bond bullish

https://youtu.be/xtvGeTxBKdk

He puts out a new video every M W F and a Sunday night Charts video

do you do used thrift stuff or repaired stuff? i have a friend that buys broken consoles and sells them repaired and ive been looking to make some extra money

is it something thats worthwhile

eBay is really a mixed bag as an auction site. If you're willing to wait by setting a low starting price long auction, you can get mad money from bidding war people.

It really depends on how prideful the bidders are tbh.

^this

That's why it's sometimes wise to set a reserve on some of your nicer, more-niche items

I think that also entirely depends on what you're selling to what market. Say if it's a nice camera, you'd want to make it a more detail oriented title as you'd get more money from the people that know their stuff. I don't necessarily know if you really want to devote the time to market research for eBay items but a lot of it is case by case

Very true. That has certainly discouraged me from bidding on some items but it does provide a nice security for the seller

https://twitter.com/vrilium/status/1343620506617065475?s=21

yeah repairing old consoles is a good hustle, basically you just have to know what kinda stuff sells. For the most part I just find shit at thrifts, anything that’s sealed or old electronics or old toys.. and low key thrifts usually price stuff with stickers so if it’s not right price switch sticker lol

Finance nose bro put his account on private when too many were asking questions

Changed pfp too

I get a lot of good tips from this guy https://youtube.com/c/CraigslistHunter

oh shit thanks man!

that was exactly the kind of advice i was looking for

ill look into it

Hey fuckers reminder to look into your states PUA program

“The federal government has temporarily expanded unemployment insurance eligibility to self-employed workers, freelancers, and independent contractors. If you are not traditionally eligible for UC, you may be eligible to receive PUA. Note that you must apply for traditional unemployment compensation benefits first before you can apply for PUA.”

If you have spotty income you’ll get denied for your states regular unemployment but PUA will kick in which gives you $200+ per week

Eligibility: You have been diagnosed with or are experiencing symptoms of COVID-19 and are seeking a medical diagnosis; A member of your household has been diagnosed with COVID-19; You are providing care for a family member or a member of your household who has been diagnosed with COVID-19; Your child or other person in the household for whom you are the primary caregiver is unable to attend school or another facility that is closed due to the COVID-19 pandemic, and that school or facility care is required for you to work; You are unable to reach your place of employment because of a quarantine or stay-at-home order due to the COVID-19 pandemic; You are unable to reach your place of employment because you have been advised by a health care provider to self-isolate or quarantine because you are positive for or may have had exposure to someone who has or is suspected of having COVID-19; You were scheduled to start a new job and do not have an existing job or are unable to reach the job as a direct result of the COVID-19 pandemic; You have become the breadwinner/major supporter for a household because the head of your household has died as a direct result of COVID-19; You had to quit your job due to being diagnosed with COVID-19 and being unable to perform your work duties; Your place of employment is closed as a direct result of the COVID-19 pandemic. You worked as an independent contractor with reportable income and COVID-19 has severely limited your ability to continue performing your work activities and/ or has forced you to suspend such activities for one of the above COVID-19 reasons.

tldr

If you’re a fucking meet you might be able to get PUA

Neet

Someone in your house had covid? You get PUA

nice

The government is providing pick up artist insurance?

neet gang

PUA is something anyone can get dude it literally applies to everyone

I know some dudes cant get gf's but damn

If you’re smart you’ll make it work

Did you buy a $129 lawnmower to start a lawn mowing business and your doctor said “hey there bud you have asthma you’re a beefy groyper don’t work you might catch covid and die” well you get PUA.

they should give me money for working

they should give me money for living

dude we have joggers taking out $10k loans backed by the SBA for bullshit businesses as we speak

Everyone is on some grind with the benefits

PUA is basically yeah hey I’m not making money because covid help so they give you like $200 a week it’s small. If you want more you gotta show proof of prior income. But if you just want $200 and you ahem meet the requirements ahem... go for it

You’ll have to look for jobs online or fulfill some stupid requirement but it’s easy to do