XRP Could Have Profited You $$$

[kangarunner]

Let's say you threw $20K into buying XRP on Nov 8 after election day when it was only 0.55 cents.

You knew Trump was going to bring in a lot of confidence in the market.

Then let's say you sold it now at its current price, $3.09.

What would your profit be?

From ChatGPT:

If you invested $20,000 in XRP on November 8, 2024, at a price of $0.5560 per token, you would have acquired approximately 35,971 XRP tokens.

Selling these tokens today at the current price of $3.09 per token would yield approximately $111,750.39.

Subtracting your initial investment of $20,000, your profit would be approximately $91,750.39.

This represents a return of approximately 458.75% on your initial investment.

I missed out on buying Palantir 6 months ago.
I missed out on buying Bitcoin when it was $50k last year.

What will I miss out on this year?

[Shemp]

"... as the bubble peaked in 2000, high-I.Q. investors exited the stock market, while low-I.Q. investors entered." From Grinblatt, Mark, Matti Keloharju, and Juhani T. Linnainmaa. "IQ, trading behavior, and performance." Journal of Financial Economics 104, no. 2 (2012): 339-362. @kangarunner and others like him will provide updated examples of this phenomenon of low IQ "dupes" buying in at the top as high IQ "rug pullers" get their money out.

[kangarunner]

"... as the bubble peaked in 2000, high-I.Q. investors exited the stock market, while low-I.Q. investors entered." From Grinblatt, Mark, Matti Keloharju, and Juhani T. Linnainmaa. "IQ, trading behavior, and performance." Journal of Financial Economics 104, no. 2 (2012): 339-362. @kangarunner and others like him will provide updated examples of this phenomenon of low IQ "dupes" buying in at the top as high IQ "rug pullers" get their money out.

Exactly...there is no money to be made in the stock market. You're correct.



Exactly...there is no money to be made in the stock market. You're correct.



Exactly...there is no money to be made in the stock market. You're correct.

[kangarunner]

@Shemp

Palantir was trading at $83.74 on Feb 3. Today it's trading at $103. What are you going to say when Palantir hits $200?

What are you going to say when Palantir hits $200?

What are you going to say when Palantir hits $200?

What are you going to say when Palantir hits $200?

What are you going to say when Palantir hits $200?

What are you going to say when Palantir hits $200?

[Shemp]

@kangarunner

Do you "invest" a lot in Fartcoin? It was doing great until Trump introduced his competitor coin.

https://www.coinbase.com/en-nl/price/fa ... ketSection

[kangarunner]

Bitcoin is at $84,672.43 on Feb 27 down from above $100k. @Rock Will Bitcoin go lower? What's the play here? By the way Rock, how is your portfolio doing?

[kangarunner]

@Shemp You're right. Bitcoin isn't going up in value at all. See the last post I made where it was at $84,672. Now it's at $105,000.

You're right. No one made money at all on buying Bitcoin. They simply just bought it and then sold it when the price went up.

So what will you say here when the price of Bitcoin hits $150,000? That it was a stupid decision to buy Bitcoin when it was less than $100K?

What about when it hits $200,000?