Digital Explorers

I am a Digital Explorers member. The future looks more bleak than ever for crypto and our lead advisor, Mr. Bernd Schmid, seems very discouraged, although I do appreciate his honesty. He continues to push forward with recommendations, which I continue to follow, but I recently watched the morning show from yesterday (I think) in which the MF morning show crew rant about the implosion of crypto and that it’s basically dead and a terrible investment. What am I supposed to make of this? Who should I listen to? Should I continue to invest or cut my losses? If the MF does not back crypto investment or are having second thoughts, I would sure appreciate knowing now rather than after my last final 23% investment.

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“…I recently watched the morning show from yesterday (I think) in which the MF morning show crew rant about the implosion of crypto and that it’s basically dead and a terrible investment.”

Norm,

Cryptos aren’t an “investment”, nor are they “currencies” in any meaningful sense of that term, despite their (very) limited acceptance by a few minor players as an alternative to conventional fiat currencies. (Ecuador? Russia?) The cryptos did seem to pose a threat to the central bank mobsters. Hence, the increasingly successful moves to regulate and tax them and the likely reason the cryptos are now crashing. E.g., six weeks ago, BITO --a tracking ETF-- tagged 30. Today, it’s trading at $12 something. Ouch!

At best, the cryptos are merely yet another casino game cooked up by Wall Street’s scammers. Fun to trade with a tiny bit of money one could afford to lose, but nothing to own for more than a few minutes or days at a time. Get in; get out. Don’t hang around hoping. (IMHO, 'natch)

Arindam

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https://www.youtube.com/watch?v=t4D3RYJC5KE

You don’t have to cut losses but to re-group with a Business Plan and get all your money back that you hopefully lost in VALUE and not and went SOLD your losses.

Re: the power of compounding, compounding
re: invest in ETF portfolios and few stocks.
re: swing trade only the top 3 crypto dawgs.(BTC, ETH, and LTC).

You did not fill out your RAP sheet to see what kind of Investor/trader shows your risk and money management skills.

https://schrts.co/HMEbgpuE if you can see this chart with red and green OHLC bars (open high low close) you will make money and have no losses for as long you wish to own this stock. eg. . . Since the " V " I had 32 out of 32 successful trades with Zero (0) losses.

CHARTS DON’T lie people do

I also only own $BTCUSD and $ETHUSD. ditto on the successful trades as well. Swing Trade ETHUSD using the 4-hour chart.

If you can see the coloured bars above, I can show you how to be a successful Swing Trader. Shout what you see hoping it is not the default chart.

There are only two (2) very simple rules that an Eight grader under her mother’s supervision, is earning in the 6 figures. She started in 6th grade.

Also, invest in a few Tetter Totter stocks and ETF’s earning over 8 figures in about 8 years of compounding along the way with a 50K bankroll to start.

If you keep watching and listening to Mr. Bernd Schmid you will probably lose your Tommy Johns. https://discussion.fool.com/profile/TMFasymmetry/info.aspx

Re: OSTK, he is losing a boat load of money if he is a HODLer (hanging on for dear life) as well as DIS. OUCH OUCH! I got a headache.

Something to ponder,

Quillnpenn - a poor church mouse scratching for a living as a Swing Trader for over 45 years.
------------ Vision - Multi-Millionaire…Goal - earn 1.3% - 2.5% compounded Daily per the 2.5 percent theory.

DIS - https://schrts.co/BrHiMBzS

OSTK - https://schrts.co/xNfGqtud

The following Tetter Totter pair earning over 8 digits with 50K bankroll

https://schrts.co/yQQTZZRM

https://schrts.co/TpsMqcEs

Norman,

show me two of the cryptos with the dates of purchase you are losing so I can see on my charts for damage control.

Quill -

https://www.youtube.com/watch?v=58e1tdGb0ug

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“Who should I listen to? Should I continue to invest or cut my losses? If the MF does not back crypto investment or are having second thoughts, I would sure appreciate knowing now rather than after my last final 23% investment.”

Norman,

Pull the bio of your crypto manager, Schmid. He’s yet another clueless, risk-oblivious gambler who thinks he’s an investing genius, but who has never lived though a bear market, much less successfully navigated his way through several of them. There are good reasons why us gray beards come across as overly cautious. We’ve seen what happens when the downsides of investments, especially highly speculative one, are ignored.

I wouldn’t trust that kid to run a lemonade stand.

Arindam

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Have to agree and from what I have seen with his listed portfolio he is clueless and losing in value a lot of money. He does not know how to trade Crypto other than a HOLDer.

Re: Mr. Schmid’s PCT stock is heading south below the 200ema, however, I could make a boat load of money Swing Trading. eg… since May 2022, 7 out 7 successful swing trades with no loss. eg. Feb to Mid march, could have earned about $25,0000 in profits, and yet the stock is still sliding down below the 200 ema.

He should stick to Engineering, it pays better.

Quill-

He [Schmid] should stick to Engineering, it pays better.

Quill,

‘Engineering’ might pay better. But that doesn’t mean he’d earn an engineer’s wage for very long. The kid is clueless, and he wouldn’t last two weeks in the field before his boss handed him a pink slip.

He got into “financial advising”, because the barriers to entry are so low. Think about it for just a minute. If you’re a smart, savvy, money manager with an audited, multi-market-cycle track record, why would you stoop to bilking the gullible instead of just trading for your own account?

There are some really gifted, really driven money managers out there. I’ve been fortunate enough to meet a few. But, typically, they weren’t accepting new clients, or else I couldn’t meet their account minimums. That’s the Catch-22 of trying to find a good investment adviser or a worthwhile financial newsletter. Them who most need help either can’t afford it or they don’t know enough about investing to understand what it is they really need and/or what they might be able to do for themselves.

Arindam

1 Like

Hi, tnorman27.

Let me just say that Bernd is as experienced a Crypto investor as you can be given the relatively short lifespan of crypto. And of course, Motliness is so foundational to the company that it’s right there in the name. We not only allow but encourage multiple opinions and views. The idea is that the more perspectives you have to consider, the better informed you are to draw your own conclusion. Whose view speaks loudest to you?

Fuskie
Who would encourage you to post your concerns to the Digital Explorer service community where other DE Fools are also wondering what to make of the recent crypto collapse…

https://www.fool.com/premium/digital-explorers/community/


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“Let me just say that Bernd is as experienced a Crypto investor as you can be given the relatively short lifespan of crypto.”

Fuskie,

You assert that Schmid is an “experienced” crypto investor. I say he’s reckless and ineffective, as his track record proves, however short it might be. Were he truly an effective investor and someone whose lead could be trusted, he wouldn’t be losing the money he is in his own account, never mind the misdirection he’s giving to his subscribers whose assets he has failed to protect. As Norm’s post makes clear, he’s losing a lot money for having followed Schmid’s very bad advice, never mind the abusive, $1,999 dollar fee Norm paid on top on that.

You’re far too young to have lived though as many of these investing fads as I have. And even I’m too young to have seen 'em all. But the history books provide this lesson. “If it seems to be too good to be true, it probably is.”

There’s no question but that them who got in early on the crypto scam made a killing. E.g., a friend who does a lot of offbeat investing tried to get me into BitCoin back when it was trading at just $2,200. We all know how high its price has gone since then. But I backed away from the “opportunity”, because I knew I didn’t understand it. And I still don’t have any regrets, because for every one wildcat adventure that does pay off spectacularly, many, many more fail.

BITO is one of several ETFs that track BTC, which --in turn-- is a good proxy for all the fake currencies now trading. And here’s its price chart. https://www.barchart.com/shared-chart/BITO?chart_url=i_16560…

Pretty obvious, right? that the cryptos are a ‘short’, and shortly, ProShares will be rolling out a means to short it. But anyone who’s serious about trading currencies doesn’t mess with derivatives of them, which is what ETFs are. Instead, they set up a currency account with a regulated desk and trade both sides of the market. Had Schmid been doing that, he and his subscribers would have been making money, instead of offering excuses.

Arindam

https://www.investopedia.com/articles/00/100900.asp

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You have no idea how not young I am. I’ve been around, you know? (Al Pacino, Scent of a Woman)

I’m not defending cryptocurrencies. Every subscriber was warned that the crypto market was young and high risk, and they should not simply invest in the crypto hype but to follow a disciplined approach.

There were two types of Fools who subscribed to the service, those who were already experienced with crypto and wanted a more structured approach to investing, and those who were inexperienced with crypto and wanted to get started by working with more knowledgeable Fools. But I do not think it is either fair nor authoritative to criticize the service or the service advisor without having the knowledge of being a subscriber.

Fuskie
Who who would argue that it was not the recommendations that failed Digital Explorer subscribers but the cryptocurrency market…


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You have no idea how not young I am.

Fuskie,

But I do know how old you are, because you’ve said so in previous posts, just as you’ve tried to assert that you’re an “old hand” at investing. 25 years? That is sooo cute. Get back to me when you’ve hit 50 years or so.

Second, the reason why most who post at TMF are NOT subscribers is because most of us are far better investors than TMF’s motley assortment of 'advisers" and writers. (Why pay for bad advice?) Many of us --under a variety of handles-- have been posting since the beginnings of TMF on AOL --which was before your time, right? – and it is we who have created what TMF is/was/could be/should be, namely, a free flowing dialectic on ways to invest or trade.

That Norm --or anyone else-- wants to subscribe is their choice. I think they are fools --lower case-- for doing so when everything TMF offers can be found elsewhere and --generally- for free. Once, that might not have been true. But these days, every broker and dozens of financial websites are competing for eyeballs, readers, and users. These days, the problem for beginning investors --and even for the very experienced-- isn’t finding reliable information and shrewd investment advice, but deciding which of the many paths might best fit their particular circumstances, and isn’t that what really matters?

Arindam

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Again, you have no idea how many post to the service communities, because you are not a MF One member with access to them. You simply believe that everyone else is a better investor than TMF’s advisors. But since you are looking in from the outside, there’s no actual basis for the claim. What is true is that you believe in investing differently from TMF’s Foolosophy of long-term (3-5 years or longer) buy-and-hold investing. That’s fine. You think TMF advice is bad. I think it has been very effective for me and a majority of Fools who have held fast to it. Since you don’t follow TMF advice, all you can really speak to is your own experience.

Fuskie
Who notes he was running online discussion platforms well before the advent of AOL…


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Fuskie,

What you say is absolutely true. I’ve built wealth using methods TMF avoids or abhors, and I will continue to do so.

Years ago, before Bidwell was bought by Datek and later by TD, they used to host monthly seminars and invite guest speakers. One of them was Dave, who wore his tassled hat and made his pitch for TMF’s way of investing. He’s a good speaker, and it was a fun, informative evening. In the question period that followed, I asked him why TMF avoids bonds, specifically, junk bonds, which have equity-like characteristics that can offer --on an absolute basis-- returns that rival equities. I don’t remember his exact answer, but it was something along the lines of “just not my cup of tea”. Not a problem. The paths to pulling more money out out markets than one brings to them are as varied and diverse as there are investors.

That I’m an “outsider” is also true. There’s much to like about TMF’s way of doing things. I own Tom and Dave’s books, and they’re fun to read. Like them, I was an English major and can appreciate that they write well. More than once, I’ve thought about doing a trial subscription to Stock Adviser. However, when one goes to a site like the Better Business Bureau and reads the complaints about the TMF’s custom service and the hassles encountered in getting refund within the 30-day trial period, I change my mind. Also, as you well know, there are an endless number of complaints posted in this forum that go like this. “On advice of TMF, I bought such and such. Now I’m losing money. What should I do?” The unvarying answer is “a 3-5 year holding period.” However, when fundamental analysis is done on the stocks asked about, the necessary assessment is this: “Currently not profitable and not forecast to become profitable over the next three years.” Worse, when technical analysis is done on that stock, it becomes obvious that recommendation to buy the stock wasn’t timely and that the stock is now a better short instead.

Arindam

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Just a thought, Tom and Dave were comedic writers for the late Louis Rukeyser who I watched every Friday for years from Owings Mills, Maryland. They wrote all of Mr. Rukeyser’s one-liner cute jokes.

Louis Rukeyser taught the brothers everything about running a Financial Newsletter from 1994 to 1997.

In 1997, Motley Fool’s online presence moved from AOL to its own domain, Fool.com, where it continued to provide investment advice under an advertising-based revenue model.

Quill -

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