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ROLEXROLEXROLEXROLEXROLEXROLEX
ROLEXROLEXROLEXROLEXROLEXROLEX
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#31 |
"TRF" Member
Join Date: Mar 2024
Location: Prague
Posts: 69
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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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#32 |
2024 Pledge Member
Join Date: Mar 2024
Location: Chicago
Watch: 116500LN/126610LN
Posts: 106
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#33 |
"TRF" Member
Join Date: Aug 2019
Real Name: Jay
Location: England
Watch: SkyD
Posts: 6,351
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#34 |
2024 Pledge Member
Join Date: Mar 2024
Location: Chicago
Watch: 116500LN/126610LN
Posts: 106
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#35 | |
"TRF" Member
Join Date: Aug 2019
Real Name: Jay
Location: England
Watch: SkyD
Posts: 6,351
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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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#36 |
"TRF" Member
Join Date: Oct 2018
Location: Freeattle, WA
Watch: SD43 and SS SkyD
Posts: 427
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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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#37 |
"TRF" Member
Join Date: Mar 2024
Location: Prague
Posts: 69
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Another 15 years and bitcoin will pay you at least 50 a PM Rolex watches.
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#38 |
2024 Pledge Member
Join Date: Dec 2018
Real Name: Frank
Location: Dallas,NY,Colo.
Watch: Patek 5168, 5170P
Posts: 2,509
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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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#39 | |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Jul 2013
Real Name: Brian (TBone)
Location: canada
Watch: es make me smile
Posts: 75,977
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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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#40 |
"TRF" Member
Join Date: Sep 2023
Real Name: George
Location: NY and FL
Watch: Rolex Datejust
Posts: 56
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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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#41 | |
2024 Pledge Member
Join Date: Mar 2024
Location: Chicago
Watch: 116500LN/126610LN
Posts: 106
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Quote:
Fair point Sent from my iPhone using Tapatalk |
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#42 | |
2024 Pledge Member
Join Date: Jan 2018
Location: Florida
Watch: Sub, DJ41, GMT
Posts: 7,709
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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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#43 |
Banned
Join Date: Jul 2016
Location: The Doghouse
Watch: Ingersoll Mickey
Posts: 3,128
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A lot of words on this thread. This post is the most succinct distillation.
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#44 | |
"TRF" Member
Join Date: Aug 2012
Location: canada
Watch: Daytona 116500
Posts: 459
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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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#45 | |
"TRF" Member
Join Date: Mar 2010
Location: USA
Posts: 165
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Quote:
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#46 | |
"TRF" Member
Join Date: Jul 2016
Location: Michigan
Posts: 4,583
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Quote:
Correlation is not causation. |
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#47 |
"TRF" Member
Join Date: Sep 2017
Location: Southeast
Watch: 214270
Posts: 2,667
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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
__________________
Never place your happiness on something you have or can physically acquire |
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#48 |
"TRF" Member
Join Date: Jan 2009
Real Name: Larry
Location: Kentucky
Watch: Yes
Posts: 34,810
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#49 |
"TRF" Member
Join Date: Aug 2019
Real Name: Jay
Location: England
Watch: SkyD
Posts: 6,351
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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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#50 |
Banned
Join Date: Feb 2024
Location: tree
Posts: 118
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#51 |
"TRF" Member
Join Date: May 2020
Real Name: Henry
Location: USA
Posts: 4,280
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Crypto threads never ever end well.
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#52 | |
"TRF" Member
Join Date: Mar 2024
Location: Prague
Posts: 69
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Quote:
I have made several million dollars in cryptocurrencies. Cheers. |
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#53 | |
"TRF" Member
Join Date: Aug 2019
Real Name: Jay
Location: England
Watch: SkyD
Posts: 6,351
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Quote:
I’m a strong advocate but I stay reasonably conservative :) |
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#54 |
"TRF" Member
Join Date: Mar 2024
Location: Prague
Posts: 69
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#55 |
"TRF" Member
Join Date: Apr 2010
Real Name: Scott
Location: Santa Cruz
Watch: RolexOmegaPanerai
Posts: 1,176
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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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#56 |
2024 Pledge Member
Join Date: Sep 2016
Real Name: Rich
Location: Hoboken, NJ
Watch: 116610LN
Posts: 432
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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. |
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#57 |
"TRF" Member
Join Date: Nov 2019
Location: Sunshine State
Watch: lots of Rolex
Posts: 4,885
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This.
__________________
126610LV//116508 Daytona YG Black/Champagne 116655 YM40 Everose Oysterflex//126622 YM40 Blue//126600 SD43 126710BLNR//126711CHNR 126334 DJ41 Rhodium/Diamonds//126331 DJ41 TT Wimbledon 124300 OP41 Green//126334 DJ41Mint Green |
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#58 |
"TRF" Member
Join Date: Nov 2019
Real Name: Vic
Location: Spain
Watch: SD43
Posts: 6,069
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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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#59 |
"TRF" Member
Join Date: Dec 2017
Location: Michigan, US
Posts: 309
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#60 |
"TRF" Member
Join Date: Oct 2023
Location: MD
Posts: 14
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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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