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Coffee Shop
The US dollar is crashing.
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<blockquote data-quote="simme" data-source="post: 1658446" data-attributes="member: 40418"><p>Building on my post above, obviously it is better to buy things when they are cheap and sell them when they are high. In practice, that is hard to do because of emotions. When prices are high and rising, the mob mentality becomes that the market is doing well, there are lots of opportunity and time to make money by putting more money in. Everybody else has made money, I need to as well. </p><p>When markets have fell with prices getting lower and lower for a long time, the mob tends to get discouraged, thinks the future is bleak and decides they better get out while there is at least a little value left. Ends up that many end up buying when prices are high and selling when prices are low. Sometimes just prior to a long bull market with lots of money about to be made. Buy low and sell high seems simple, but many times hard to follow.</p><p>Put that in terms of cattle prices. Was 2014 a good year to expand the herd or cull the herd? What about 2020 and 2021. Good time to sell out or expand. Hard to be sure, but often times ends up very different than expected in just a short time. Some people say that it is best to do the opposite of what most people are doing.</p><p>Tine to buy Bitcoin or sell? Some things I suspect are true in both the cattle business and in investing. Sticking with a long term plan based on moderate expectations will be more successful over the long haul than jumping in and out of the current "hot" plan - FOR MOST. There will always be those people who hit the lottery jackpot every time. Just hard to be that person. The price paid for the opportunity of large profits is the risk of big losses. I have a hard time taking my own advice.</p></blockquote><p></p>
[QUOTE="simme, post: 1658446, member: 40418"] Building on my post above, obviously it is better to buy things when they are cheap and sell them when they are high. In practice, that is hard to do because of emotions. When prices are high and rising, the mob mentality becomes that the market is doing well, there are lots of opportunity and time to make money by putting more money in. Everybody else has made money, I need to as well. When markets have fell with prices getting lower and lower for a long time, the mob tends to get discouraged, thinks the future is bleak and decides they better get out while there is at least a little value left. Ends up that many end up buying when prices are high and selling when prices are low. Sometimes just prior to a long bull market with lots of money about to be made. Buy low and sell high seems simple, but many times hard to follow. Put that in terms of cattle prices. Was 2014 a good year to expand the herd or cull the herd? What about 2020 and 2021. Good time to sell out or expand. Hard to be sure, but often times ends up very different than expected in just a short time. Some people say that it is best to do the opposite of what most people are doing. Tine to buy Bitcoin or sell? Some things I suspect are true in both the cattle business and in investing. Sticking with a long term plan based on moderate expectations will be more successful over the long haul than jumping in and out of the current "hot" plan - FOR MOST. There will always be those people who hit the lottery jackpot every time. Just hard to be that person. The price paid for the opportunity of large profits is the risk of big losses. I have a hard time taking my own advice. [/QUOTE]
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The US dollar is crashing.
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