Author Topic: Super savvy fictional investors  (Read 2130 times)

jeromedawg

  • Walrus Stache
  • *******
  • Posts: 5181
  • Age: 2019
  • Location: Orange County, CA
Super savvy fictional investors
« on: June 20, 2022, 05:32:14 PM »
Just thought some of you might get a kick out of this... or perhaps some of you might be doing exactly this! Good luck if so!

Anyway, some context to this but the supposed person who posted this (in the comments of a local housing [bubble] blog in my area) used to be a bear who turned bull as soon as he received some inheritance money. Previously he was touting a major housing crash but once the inheritance money came through he bought a house for himself and magically converted to bull. Oh, and supposedly he's a "self-made millionaire" from getting into crypto early. A number of other commenters think he's a fictional character and or trolling. Others aren't quite as sure...


"For someone who is cash and bitcoin heavy these are exciting times.

Stack cash, stack cash and wait for stocks and crypto to bottom.

Generational buying opportunity is coming within the next 12 month.
This is a gift guys!
If you buy low (crypto and stocks) you probably don’t have to worry about house prices as you will make a ton of money.

Look at me. I am in my 30’s and own two houses. During the next stock and crypto bull run I can probably buy more real estate and pay off my existing mortgages.

Be patient, stack cash and wait for inflation to peak. Don’t fight the FED. The SP500 will likely bottom when inflation peaks. Thats when the fed will pivot. Be ready, don’t freak out and enjoy your summer."

Morning Glory

  • Walrus Stache
  • *******
  • Posts: 5165
  • Location: The Garden Path
Re: Super savvy fictional investors
« Reply #1 on: June 20, 2022, 05:46:21 PM »
I'm struggling to make sense of any of that. Why would crypto bottoming be exciting if you were crypto heavy? Why sit on cash until inflation peaks? How would you even know when it does?

My guess is some sort of investment scam, if he has links or contact info in there. Same kind of wording as the work from home/ you won something scams.

jeromedawg

  • Walrus Stache
  • *******
  • Posts: 5181
  • Age: 2019
  • Location: Orange County, CA
Re: Super savvy fictional investors
« Reply #2 on: June 20, 2022, 06:00:27 PM »
I'm struggling to make sense of any of that. Why would crypto bottoming be exciting if you were crypto heavy? Why sit on cash until inflation peaks? How would you even know when it does?

My guess is some sort of investment scam, if he has links or contact info in there. Same kind of wording as the work from home/ you won something scams.

No links or contact info - he's just a braggadocios commenter (if he's actually real and or telling the truth) who has something to say about everything and also has response waiting for everyone. It's quite silly.

MustacheAndaHalf

  • Walrus Stache
  • *******
  • Posts: 7274
  • Location: U.S. expat
Re: Super savvy fictional investors
« Reply #3 on: June 23, 2022, 10:45:44 AM »
If Grayscale Bitcoin Trust (GBTC) recovers from it's 62% YTD drop, that could provide a +163% recovery profit.  I see it differently, which is why I'm still shorting GBTC.
https://www.morningstar.com/etfs/pinx/gbtc/performance

The claim of "peak inflation" became popular after the May 10 inflation fell from the month prior.  But those hopes were dashed by the June 10 CPI-U inflation data.  I think the peak inflation view is getting weaker, which doesn't help this person/troll's case.  When did they start posting about crypto as a buying opportunity?

ChpBstrd

  • Walrus Stache
  • *******
  • Posts: 7566
  • Location: A poor and backward Southern state known as minimum wage country
Re: Super savvy fictional investors
« Reply #4 on: June 30, 2022, 10:43:21 AM »
Things you don’t know about people who post things online:

1) If they use a real name, like on FB, whether that is actually their real name. You don’t ever know who you are actually talking to.
2) Their gender or sexual orientation.
3) Their politics, or whether they are just playing you by either agreeing/disagreeing.
4) Their wealth and/or specific investments.
5) What country they live in, or whether they are incarcerated.
6) Whether they are a person or a bot. People are getting fooled daily.
7) Whether they have hijacked the account of the person you think you are talking to.
8) Audio and video can be faked. So even with this “evidence” you cannot tell if a person did or said anything. Same thing with screenshots of brilliant trades.

We forget these limitations of the internet at our peril. When you think about the whole list of ways we can be deceived thanks to and specific to the internet, it’s hard not to consider only using it when you have to (work, trade, finance, etc.). Even worse, the internet has a tendency to attract narcissists, con artists, people with personality disorders, and compulsive liars because here is a space where you’ll never get caught. You can be anyone you want online, and that hasn’t changed in 30 years.

Chris Pascale

  • Handlebar Stache
  • *****
  • Posts: 1427
Re: Super savvy fictional investors
« Reply #5 on: July 06, 2022, 11:14:00 AM »
Very funny. Reminds me of the ads that were saying, "People are saying it's time to get out of cash."

Okay, who has so much cash that that is their problem?

jeromedawg

  • Walrus Stache
  • *******
  • Posts: 5181
  • Age: 2019
  • Location: Orange County, CA
Re: Super savvy fictional investors
« Reply #6 on: July 10, 2022, 10:56:56 PM »
This person also likes to often compare him/herself to Warren B and keeps repeating things like "be fearful when others are greedy and greedy when others are fearful" - He also will often tell people to "buy the dip!" and "don't try to time the market!" in the same paragraph.

lol... 

Cameronq1

  • 5 O'Clock Shadow
  • *
  • Posts: 5
Re: Super savvy fictional investors
« Reply #7 on: October 29, 2022, 03:54:08 AM »
Just thought some of you might get a kick out of this... or perhaps some of you might be doing exactly this! Good luck if so!

Anyway, some context to this but the supposed person who posted this (in the comments of a local housing [bubble] blog in my area) used to be a bear who turned bull as soon as he received some inheritance money. Previously he was touting a major housing crash but once the inheritance money came through he bought a house for himself and magically converted to bull. Oh, and supposedly he's a "self-made millionaire" from getting into crypto early. A number of other commenters think he's a fictional character and or trolling. Others aren't quite as sure... play in https://fairplay-club.in/app/


"For someone who is cash and bitcoin heavy these are exciting times.

Stack cash, stack cash and wait for stocks and crypto to bottom.

Generational buying opportunity is coming within the next 12 month.
This is a gift guys!
If you buy low (crypto and stocks) you probably don’t have to worry about house prices as you will make a ton of money.

Look at me. I am in my 30’s and own two houses. During the next stock and crypto bull run I can probably buy more real estate and pay off my existing mortgages.

Be patient, stack cash and wait for inflation to peak. Don’t fight the FED. The SP500 will likely bottom when inflation peaks. Thats when the fed will pivot. Be ready, don’t freak out and enjoy your summer."

After the inflation decreased from the previous month on May 10, the notion of "peak inflation" gained popularity. However, the June 10 CPI-U inflation statistics crushed those aspirations. The peak inflation theory, in my opinion, is waning, which doesn't help this person's or the troll's cause. When did they begin discussing cryptocurrency as a purchasing opportunity on their posts?