Member Info for lunq

I’m relatively numb to these drops these days. Have experience of my crypto coins dropping -80% so these dips are nothing new, but was definitely pooing myself the first time it happened. Can take time to get used to big dips, but the more you experience it the easier it becomes. It’s why I said yesterday to learn to embrace the dip and enjoy the sensation of your gonads been squeezed...

I view investing as playing a game on my phone nowadays....just numbers on a screen with the goal of beating my highest score. Weird feeling but great game.

#PleasureAndPain
#BuyLowSellHigh
#EmbraceTheRedBloodLikeAWomanDoesEveryMonth

Thanks for sharing your journey, wasarunner and I hope you succeed in reaching your goals. Agree in that being overly diversified can be a hindrance to growing a portfolio. Concentrated high conviction investments is the route I've chosen and although it may be considered risky, I only invest in areas/things I fully understand which helps mitigate the risk somewhat.

Being diversified across say 25-50 companies is common wisdom among stockpicking, but I disagree somewhat....If anyone said they held just two stocks, say Facebook and Amazon, people would think they were crazy, taking too much risk. But-but what if they go bust? But then you look at the owners Zuckerberg and Bezos and understand that they are effectively "all in" on their respective company's and it's unlikely they spend sleepness nights worrying whether to diversify creating additional businesses in case their main company goes bankrupt.

There are many areas in our everyday lives where we do not diversify...

-People don't usually spread their money across 10 bank accounts in case one goes bust (or has better customer service than the rest).
-People don't usually spread their money across 10 brokerage accounts in case one goes bust.
-People don't usually have 10 part time jobs in case the company of their 1 full time job goes bust.
-People don't usually buy 10 different brands of toiletpaper at a time in case one doesn't feel soft on their bottom.

Rather, people tend to focus on a single or small handful of the above and rely on faith. Trusting that the thing they've chosen will perform as expected, and if it doesn't, moving on and find a replacement.

I'm not "all in" on Argo by any means. Majority of my portfolio is a mix of Bitcoin, altcoin and crypto-related stocks. Both the altcoins and stocks are essentially leveraged plays on Bitcoin, and so in that respect, I am "all in" on Bitcoin. But I have faith from having done my homework and have experience in the industry so I'm completely comfortable with it. Once I'm old or as rich as the Rothschilds, then I will look into diversifying into random stuff, probably something like the boring Vanguard 60/40 Lifestrategy fund for proper "diversification".

#Conviction
#Courage
#Patience

Embrace the pain of the tight squeezing of your gonads. Learn to love it. Be a little kinky. Volatility will remain and works in both directions, once the time is right we go shooting back up.

#PleasureAndPain
#NoSexPleaseWeAreBritish
#Conviction
#Courage
#Patience

I think the Americans will play a driving force on Argo SP simply on the basis that they are generally more optimistic, enthusiastic and confident. America's entrepreneurial roots instill a society supportive of capitalism and a culture that encourages and embraces opportunites for success and prosperity as per the American Dream. If Argo is destined to be "the one", the Yanks will find and back it. Brits are relatively pessimistic and negative in comparison...

Tell an American that Argo will hit $10 soon and they'll respond with a high-five and a loud whoop whoop noise. Tell a Brit the same thing and they'll respond with a dedicated BB thread telling you to stop ramping so much.

#BullsVBears
#IsZengahAmerican?

https://www.theatlantic.com/politics/archive/2015/03/the-american-ethic-and-the-spirit-of-optimism/388538/

This is what they call in cryptoworld as FUD. Fear Uncertainty & Doubt. Deliberately timed negative articles released whenever the Bitcoin price is dropping with the intention to get people to sell (into JP Morgan's buy orders)

Dear Dadbatty,

lunq is unavailable to respond to your message at the moment. He is with busy with Warren Buffet snorting cocaine from a hooker's bumhole in the comfort of his private jet which is currently enroute to the Carribean islands where he is looking to buy his 6th worldwide mansion. This is a popular Monday afternoon activity of theirs.

He would like to remind Chaebol and those who cannot fathom there are others in the world with larger genitals than themselves to accept the previously mentioned bet. Bets can be placed via various blockchain applications so no trusted intermediary is required to facilitate the process.

Yours Sincerely,
Jeeves (one of Mr lunq's butlers at his UK residence)

#TakeTheBet
#PutYourMoneyWhereYourMouthIs
#ChaeNoBols

Further articles debunking the presumptive lifestyles of the wealthy:

>Mark Zuckerberg was just spotted shopping at Costco. Look inside the lives of surprisingly frugal millionaires and billionaires, from businessmen like Warren Buffett to A-list celebs like Jennifer Lawrence.
https://www.businessinsider.com/frugal-billionaires-millionaires-lifestyle-money-car-house-habits-net-worth-2019-2

>Millionaire Spending Habits That Will Surprise You
https://www.daveramsey.com/blog/millionaire-spending-habits

#PlayToWin
#GotYouOnTheRopes
#SmallBallersSmallMindset
#MoneyDontMeanAnythingWeWillAllDieSoon

Chaebol, Let’s flip it around and talk about the lifestyles of people with smaller income.

====

Two couples both earning a combined household wage of £25000.

John works 40 hours a week at the local warehouse. His wife Julie works 40 a week as a cleaner. Both like to smoke, drink and eat from McDonalds. They have an outstanding loan from their purchases of the latest iPhone and some designer clothes. Any spare money they buy scratchcards.

Their neighbours next door... Paul works at the same warehouse and works 60 hours per week. His wife Pauline works 20 hours a week as a cleaner. They do not smoke or drink and prefer eating home cooked meals. Pauline has an outstanding loan from her purchase of a laptop to help with part time open university course. Any spare money they invest in Argo.

Same household income. Different lives, different goals, different spending habits.

#MindsetMatters
#MoneyOnlyChangesChavsWhoWinTheLottery
#CallMyBluffIHoldSomeAces

Here’s a book for smallballers with small mindset who think millionaires are some type of mythical creature who spends all day shopping for Gucci shoes: Millionaire Next Door
https://en.m.wikipedia.org/wiki/The_Millionaire_Next_Door

Chaebol, Not comparing myself with Buffet, was using him as an example. Nice presumption of yours on what millionaires do or don’t do with their lives. What do you think that millionaires “should” be doing this morning?

If you’re calling me a liar, happy to prove it but will only do so if you’re willing to bet real money, want to play?

Not familiar with dark pools, can you elaborate?

Tell your son there's always someone out there with a bigger *****. Hurts the ego to think about it though. Some with smaller ones too though. It's all relative.

Update on my position for 1Inch token which I disclosed on the 21 Jan with an average entry price at $1.87. It's now currently $2.67, up approximately 40%. Targetting $4 by end of March.

https://www.coingecko.com/en/coins/1inch

#TalkTheTalkWalkTheWalk
#ConvictionCouragePatience

£10,000 is hardly an amount to be taking seriously... Minimum £1million portfolio and you can join some of us at the big boys table. There are more tables for the bigger men, but I'm working hard to get there.

Preemptive Question: "if you're a millionaire why are you here and not laying around on a golden beach drinking ****tails all day whilst deciding which Lamborghini to buy next?"

Answer: Warren Buffet the billionaire is still working hard at 90 years old, drives a normal car, lives in a modest house and cares little about material objects.

#GetRichOrDieTrying
#BigBallsBigEgo

Some of you may have heard of an ETF called Invesco Elwood Global Blockchain, which provides exposure to a range of blockchain related equities.

I've never really liked their portfolio holdings which I felt contained too many companies which did not have blockchain technology as their main focus (Amazon, Facebook, Verizon, etc)

However, in their last quarterly update they added companies which I think are much more relevant (Microstrategy, Silvergate, Hive, Hut 8,)

Anyways, I contacted them to request the inclusion of Argo and perhaps if you a few minutes to spare you could do the same, presenting a case as to why Argo may be a good fit for their ETF.

Cheers
xxx

https://elwoodam.com
https://elwoodam.com/wp-content/uploads/2020/11/Index-Review-October-2020.pdf
https://etf.invesco.com/gb/private/en/product/invesco-elwood-global-blockchain-ucits-etf-acc/trading-information

It reminds me of being at the pub watching a football match. We're all on the same side, sat across multiple tables discusing varying topics. Some are analysing the teams 4-4-2 formation, others are talking about the goalkeeper's latest haircut and some people are worried the team might lose. On Zengah's table they are calling for a 10-0 win ;) Some of the chaps sat at the bar since opening hour are complaining it isn't the same as the good old days. If we don't like what people are discussing we can always move to another table and start a new conversation. As time goes by an increasing number of laggards/drunkards will be arriving making the place even more noisy. For me that will be the time to drink up and leave. I'm the drunken idiot burping loudly everywhere. Listen to my slurred gibberish if you want, I don't mind, I'm just here to watch the team win.

Yemaj, the best thing you can do, assuming you still have Argo and believe in it's long term prospects, is to step away from this forum and ignore the short term price movements, regularly checking the price does not help. Check back in 6 months time. Please understand you may be feeling emotional right now, and it's completely understandable:

https://www.moneycrashers.com/wp-content/uploads/2010/06/cycle-market-investing-emotions-2136x1427.jpg

But I'm not going to whisper soothing words into your ear promising that everything will be OK.... As I said, its time to level up if you want to survive these markets. Especially if choosing to swim in the deep end. Investing in Argo as a newer player will be a challenge, but those who persevere will learn a lot about themselves and how the stock and crypto markets operate. Stick with it. There is no get rich quick scheme. Good luck & all the best.

The fact you are blaming others is a classic sign of someone inexperienced. Blaming others when things go wrong, taking all the credit when things go right. Harsh truth. Noobs shouldn’t even be anywhere near this type of stock. They should be learning to invest with passive index trackers, before moving into active management funds, and then onto individuals large caps stocks. Only then they should go into high risk stuff like Argo. Harsh facts, but the truth. No one on this board is responsible for your portfolio. It’s all on you. No one is forcing you to buy or sell. It’s all on you. If you want to play this game it’s time to step up. The barriers of entry to play the stock market game are low. Anyone can participate. And we play against the sharpest and most experienced minds in the world. Time to (wo)man up and start taking responsibility for your own actions. As ever, one needs big balls to make it. Simplistic and vulgar advice, but the absolute truth. Bags of Courage. Bags of Conviction and a big sack of Patience. Doesn’t sound like you have those yet. It will come with time. Welcome to the world of investing, hope you stick around.

Agree regarding emotional decision having major impact. Anecdotal story but apparently some of the best performing customers accounts at Vanguard are from those who are dead...i.e. those who cannot touch their investments. No emotional decision making and a case of stiff hands, rather than strong hands...

Long term the price is on track if you believe in market cycles and squiggly lines on a chart. Short term daily prices movements are nothing to be concerned with :

https://twitter.com/100trillionusd/status/1352280602721058819?s=21

I think Zengah’s been consistently enthusiastic whether at 130p or 65p. He’s an Argo bull. But you’re right, people need to DYOR etc rather than rely on what some random individual said on a forum.

If Zengah was capable of affecting the SP, surely as a 'ramper' the price would be going up not down?

Fair play for having courage to call him out directly though. Balls of courage and conviction are mandatory if we are choosing to play with what is essentially a leveraged play on Bitcoin price.