ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
14 March 2024, 08:53 PM | #31 |
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I am planning to sell all my crypto and buy a PM Rolex, but I have plenty of time, +- a 1 or 1,5 year.
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14 March 2024, 09:20 PM | #32 |
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14 March 2024, 09:21 PM | #33 |
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14 March 2024, 09:35 PM | #34 |
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14 March 2024, 09:50 PM | #35 | |
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Quote:
Again I Believe watch prices are completely irrelevant in to the crypto market. Which should be quite obvious given my previous statement :) |
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14 March 2024, 09:53 PM | #36 |
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Rolex is nothing more than a nice piece of jewelry, a fashion statement. It is not a financial instrument. In the world of fashion, things can go from hot to cold very fast. Couple this with the flex culture craze that was hot for a while and you get what we had over the past several years with Rolex values. Flex is now becoming "uncool" as it is seen as tacky. Excess is cool and then loathed and round and round we go.
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14 March 2024, 10:05 PM | #37 |
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Another 15 years and bitcoin will pay you at least 50 a PM Rolex watches.
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14 March 2024, 10:19 PM | #38 |
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All markets go up and down, often for reasons that aren’t fully understood. It’s fun to speculate on reasons, but it will likely be several years before this all sorts out.
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14 March 2024, 10:32 PM | #39 | |
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Quote:
When interest rates go up and hard assets go down. The inverse happens when there’s lots of “free” money. |
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14 March 2024, 10:38 PM | #40 |
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Crytpo does not have such a strong link with the price of Rolex as say interest rates, unemployment rates, CPI, and consumer confidence. How can we be sure due to the crypto surge people bought Rolex? What about other investments such as stocks, bonds, ETFs, or real estate? I bought my wife's Rolex with the proceeds from the sale of Moderna (MRNA).
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14 March 2024, 10:47 PM | #41 | |
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Quote:
Fair point Sent from my iPhone using Tapatalk |
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14 March 2024, 11:33 PM | #42 | |
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Rolex and crypto
Quote:
I wholeheartedly agree. Like I said above, I think the stock market is a much bigger factor. Significantly more people invest in the stock market than crypto. It’s not even close. And you’re right about interest rates, CPI, unemployment, and things like that. Those are huge factors, too. Sent from my iPhone using Tapatalk |
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14 March 2024, 11:41 PM | #43 |
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A lot of words on this thread. This post is the most succinct distillation.
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14 March 2024, 11:44 PM | #44 | |
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Quote:
Kind of weird OP doesn't understand that. There's zero correlation between BTC/crypto and Rolex or any watch brand. Crypto, watches, real-estate, used cars, my home air purifier and many other items went up in price due to excessive quantitative easing from our broken banking system. |
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14 March 2024, 11:48 PM | #45 | |
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Quote:
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14 March 2024, 11:49 PM | #46 | |
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Quote:
Correlation is not causation. |
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14 March 2024, 11:51 PM | #47 |
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Seems like you care else you would not have responded. Next time may I suggest just ignoring threads you don’t like
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14 March 2024, 11:52 PM | #48 |
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15 March 2024, 02:07 AM | #49 |
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I have one friend, his portfolio absolutely terrifies me. He sold all of his real estate to put more in at the bottom of the market. It’s paid off for him but wow what a gamble certainly not for me.
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15 March 2024, 02:13 AM | #50 |
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15 March 2024, 02:14 AM | #51 |
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Crypto threads never ever end well.
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15 March 2024, 02:49 AM | #52 | |
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Quote:
I have made several million dollars in cryptocurrencies. Cheers. |
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15 March 2024, 02:57 AM | #53 | |
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Quote:
I’m a strong advocate but I stay reasonably conservative :) |
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15 March 2024, 03:01 AM | #54 |
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15 March 2024, 03:30 AM | #55 |
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Rolex prices will crash
Now that tik tok is banned I believe Rolex prices will spiral down by 50%.
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15 March 2024, 03:46 AM | #56 |
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Rolex prices were on the way up pre COVID.
During COVID, people with money were working from home and not able to spend money on holidays, nights out etc. They sit at home and they watch youtube, browse instagram and are told that Rolex and luxury watches are a great investment vehicle. You combine this with the reduction in Rolex stock, due to COVID, and all of a sudden you have these crazy price rises. Bitcoin may be a factor too, but was all the government money that went to people, as well as low interest rates. |
15 March 2024, 04:46 AM | #57 |
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This.
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15 March 2024, 05:26 AM | #58 |
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Money poured into watches as a short-term investment is what caused prices to soar exponentially. Looks like those "investors" have abandoned the idea of making a quick buck.
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15 March 2024, 06:12 AM | #59 |
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15 March 2024, 06:27 AM | #60 |
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We're heading into the 4th major bull run for crypto since 2013. Only one time has it been lockstep with watch prices going up majorly (2021)
I'm really leaning towards the COVID lockdowns, government stimulus and people being cooped up in the house being the catalyst for the 2022 watch peak and not cryptocurrencies. |
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