When someone says "Coin XYZ has outperformed BTC in the last N months", or ANY such "X has outperformed Y over the previous N period", turn your BS meter to high. Any such comparison is INCREDIBLY sensitive to the start and end points - by months or even days.
AI speculation is literally lifting the stock market right now and some side effects might affect Crypto if the bubble does burst. Like NVDA stock crashing or coinbase and other major players stock been affected heavily. with rate hikes ending soon and the actual consequences of the hikes not materializing until maybe 2 more months i doubt we are in any real danger to match [DOT.com](https://DOT.com) bubble but it can get nasty for a couple of months like what happened early on the year.
You’re posting this a mere few days after people sold moons for $50k-$100k and are buying homes or paying off debt with it. Yes, there’s plenty of time to make life changing gains, just like there’s still opportunities to make life changing gains in the stock market (GME, AMC, NVDA recently). It also has to do with your time horizon. $1000 at 10% over 40 years is $45K. It’s why consistency in a DCA is so crucial
Thanks! I do use some standard wisdoms like sell when others are greedy, if it's too good to be true above a 40% run within a small amount of time, I sell, and let the dust settle (hype). did the same on NVDA at the 300% jump. Sold all, now waiting to get some back in.
Sell, cut your losses, claim the tax loss to get a nice refund, and move onto winning investments you can trust. *There is no shame in that of your original thesis and reasons for investing in something turn out to be untrue.* Personally, I thought Silvio would have much more influence when I invested. As I learned more about Staci and who is really calling the shots at the Foundation, it was a very easy sell and never look back. Bought more shares of NVDA with that money (that mooned and I sold half for a profit, letting the other half ride) and BTC/ETH which I’m confident will outperform ALGO in the longrun based on Algorand’s horrendous management.
It's not investing. It's speculating. Investing is what you do to have stability of principal with an adequate return. Speculating is what you do when you expect prices to rise. Investing is when you buy US Treasury bonds yielding 4%. Investing is when you buy AAPL bonds yielding 5%. Investing is when you buy shares of a utility company that pay a stable dividend. Speculating is when you buy TSLA shares at 20x forward revenue estimates and 500x forward earnings estimates. Speculating is when you buy NVDA shares at 20x forward revenue estimates. Speculating is when you buy Bitcoin hoping the price will increase. I wish Bitcoin was more inflationary to temper its price increases. There'd be much less focus on trading and speculating and more focus on its use cases and ecosystem development.
Banks are really bad investing. My gf's mother decided to let the bank invest €1k for her in stocks and stuff. Well in less than a month that money was €600. I was shocked and tell her to put those €600 by herself in NVDA and good stocks. She recovered more than that and now she invest in crypto while saying F banks!
>Not accumulating bitcoin Like when I said I would be accumulating BTC? That side... BTC is not inflation protected. It has outperformed inflation but you wouldn't call NVDA inflation protected.... And the majority of the people who invested in crypto have actually lost money. Regardless, just because people make money in something doesn't mean it's not niche and/or people are being left behind. People make money forex trading, most people don't forex trade. People make money with Options, most people shouldn't trade options and the majority of people who do lose. An asset's ability to make (or lose) money does not determine its viability the public as a whole. It is a niche. More people know about it than ever. A significant number of people want nothing to do with it, another large contingent just wants to make money off of it. Including most of the people here. It has benefits to people, especially in countries that are authoritarian, I never questioned this. My entire premise is a niche tech is not leaving people behind. For reasons I outlined most people don't want to hold their entire net worth in a wallet when they can hold it in an FDIC insured account. The cost benefit for a person in the third-world is different, but third world adoption alone will not make it more than a niche. The ways to increase use are all things that are antithetical to decentralization...like custodians...
OP, in particular, doesn't know shit. Market leaders like AAPL, MSFT, and NVDA are making ATHs, and their talking about a *short squeeze* People can't wrap their head around how they missed the bottom, so they'll invent ways to convince themselves that the next drop is still put their
If it’s an ETF approved by the SEC it has SIPC insurance and will be regulated to hell with massive proof of reserves oversight by independent parties. But if you’re still skeptical, it’s the SIPC. Just the same as if Fidelity sold your shares of NVDA and SPY and fraudulently spent it.
A simpler explanation: Where to go for PTB to 'escape' from inflation? FAANG is largely tapped out (with N=both NFLIX +NVDA), only a couple tril can go there to top it out, maybe. Need a new "sink"-bitcoin is perfect. Only 0.5 tril right now, could easily hold 10-12 tril (like gold).
I cleared out on my debt, did a couple large renovations on my house, and bought a car with Bitcoin a couple years back, about $48k worth at the time on 4/15/2021 to be exact. The price was 63k and some change haha. In hindsight, pulled it off just about perfectly and I don't think I could do it again. Bunch of people gave me some shit for trading an asset for a liability on the car specifically. Turns out everyone was wrong because the car market appreciated and went into a bubble itself and I sold it for a profit 15 months later. Meanwhile Bitcoin depreciated and I used some of the profits from the car to DCA and lump sum buy back Bitcoin at less than half the price I sold it for. Then used the rest get a nicer car, buy more NVDA stock that just broke stock market history 2 weeks ago and now almost have as much Bitcoin as I did before selling. Posted about it years back 👇 https://www.reddit.com/r/Bitcoin/comments/nso9mq/its_no_lambo_but_it_was_purchased_with_bitcoin/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button
Recession started a long time ago. Now AAPL and NVDA just smashed all time highs. Other major stocks getting close. You're telling me that happens when we worst is yet to come? Okay man. The people that may be losing their jobs were never the ones that pumped multi-trillion dollar markets to new heights.
Only -4% down on my portfolio (stocks and crypto combined) Almost double profits on NVDA PC corrupted and backup corrupted, had to format and lose 2 years stuff. Woman I was talking to literally disappeared off everything. ​ Not sure if I should be happy, angry, or sad. Send help.
I diversified my portfolio back in January. I bought Apple, Microsoft, Google and Tesla. Just like crypto I bought into companies that I truly believe in. All have been profitable buys since January. The only one that hurts a little was NVDA, I had two chances to pick it up at ~260 and got too greedy thinking it was gonna go lower. It literally ducking moon yesterday after closing. Earning report through the moon. Maybe it’s because I’m in the green, but I quiet like being involved in the stock market too. It feels like a little less drama than crypto space, if that makes any sense.
I always had this point of view. “Why would you sell?” I will tell you, when an unexpected expense comes up that doesn’t accept bitcoin I need to sell to cover the expense. For example my wife just had a health scare and after all the tests and doctors we had an $11k bill that wasn’t in the budget. Rather than put it on the credit card with crazy interest rates, I sold a little Bitcoin and some NVDA stock to cover the expenses. I did buy back my bitcoin and stock over the months afterwards (more bitcoin less NVDA as the price on NVDA is just to high compared to my entry price.) This is what Bitcoin is for.
Nvidia ( ticker NVDA). Manufacturers GPUs for mining. Yea not ASICs, but the foundation of the company is processing information with hardware and software influencing every sector in the market, not limited to, but including Bitcoin and cryptocurrency. Have been a shareholder since 2014 and it's been a wild ride. Took some major profits off the table and reinvested some of those into Advanced Micro Devices more commonly known by its stock symbol AMD which is basically the infant version of the more mature Nvidia, but may have even more potential to profit off of a new age cryptocurrency world.
Forward PE is 35. Company has grown at 50% CARG for over a decade and will keep doing so for the near future. No blue chip can match its growth and debt. It’s too cheap when you use reluctant metrics. NVDA is way overpriced…
Forward PE is 35. Company has grown at 50% CARG for over a decade and will keep doing so for the near future. No blue chip can match its growth and debt. It’s too cheap when you use reluctant metrics. NVDA is way overpriced…
So close to buying 40k when at $600. Per coin. Biggest mistake ever. Did buy at 6k, 12k, 18k and 26k, sold at 52,500 k. Still best investment ever!!! Recently started buying at 26k. Also bought NVDA, TSLA and META, stock symbols for A.I. about to EXPLODE !!!
Used to have a bunch of ETFs and single stocks, but sold it all for crypto by now. Name of the game is to diversify, but why fucking bother with stocks when it's the the same risks, but for a fraction of the rewards. And don't give me that bullshit about volatility or whatever. And let's especially not pretend that investing in TSLA or NVDA or whatever is any different. Blue chips my ass. Not sure why I'm getting mad at you guys. But just needed to vent a bit. 🙏
Great answers. Thanx. \- TBH, my lengthy question was a little-bit loaded and bit rhetorical b/c I actually do believe that crypto is inextricably & surreptitiously intertwined with the legacy equities markets, traditional fiat banking systems & TradeF etc. It's difficult to prove it simplicity with hard facts & data (not sure thats a healthy thing), but there's not a lot of believable alternative explanations. The oppsing rationale (mostly from crypto degens) sounds like fantasy storytelling & gets pretty elaborate. It's somewhat well known that SVB was woven into crypto / stable projects like Circle and many other VC backed crypto projects. b/c those projects were required/motivated by the VC's to do their fiat banking with SVB & SVB wanted that business. Most crypto bro degens refuse to believe that VC's engage in this boosting conduct with their portfolio companies... (I know. I live in San Fran and am in the industry. VC do this crap constantly). I dig your TSLA example. I was thinking about that exact same example when I wrote my questions. It's the most obviously irrational & illogical valuation story in the market. Total BS. (AMZN & NVDA seem to be sharing the leaderboard with TSLA at the moment also). Thanks for the perspective.
Very interesting: here is the top 20 |Name|Market Cap| |Gold logo Gold GOLD|$12.638 T| |Apple logo Apple AAPL|$2.380 T| |Saudi Aramco logo Saudi Aramco 2222.SR|$1.933 T| |Microsoft logo Microsoft MSFT|$1.890 T| |Silver logo Silver SILVER|$1.232 T| |Alphabet (Google) logo Alphabet (Google) GOOG|$1.171 T| |Amazon logo Amazon AMZN|$947.15 B| |Berkshire Hathaway logo Berkshire Hathaway BRK-B|$665.46 B| |NVIDIA logo NVIDIA NVDA|$572.31 B| |Tesla logo Tesla TSLA|$552.07 B| |Bitcoin logo Bitcoin BTC|$469.28 B| |Meta Platforms (Facebook) logo Meta Platforms (Facebook) META|$469.00 B| |TSMC logo TSMC TSM|$455.02 B| |Visa logo Visa V|$450.77 B| |Exxon Mobil logo Exxon Mobil XOM|$433.72 B| |UnitedHealth logo UnitedHealth UNH|$432.54 B| |LVMH logo LVMH MC.PA|$419.16 B| |Tencent logo Tencent TCEHY|$417.16 B| |Johnson & Johnson logo Johnson & Johnson JNJ|$398.61 B| |JPMorgan Chase logo JPMorgan Chase JPM|$386.31 B|
Bitcoin was valuable long before any speculators came into the space. First and foremost, Bitcoin is a peer-to-peer electronic payment network that truly is decentralized and controlled by no authority. Unlike a bank or Visa, that kept declining my transactions when I tried to open up a lawful account on a gambling web site soon after they became legal in my state, Bitcoin does not censor or decline payments. Furthermore, Bitcoin settles in finality and irreversibly much faster than bank ACH or Visa. This can be a drawback in some scenarios, but for other use cases it is a huge advantage over the traditional financial system when you can be certain in 1 hr or less that final irreversible settlement is complete and we need not wait days or maybe many many days if it’s a holiday weekend. The Bitcoin payment network also has strong privacy guarantees when used correctly. On top of this, the network has proven itself resilient to hackers, withstood the test of time, and was launched fairly as a decentralized open source technology for the masses, which is in direct contrast to most other cryptos that saw Bitcoin’s success and were launched with the sole purpose of enriching some Founders who maintain some level of centralized control or authority over the networks, code, or circulating supply. So as you can see, we have barely scratched the surface here and it’s *obvious* that the Bitcoin payment network offers an in-demand useful service, not only in filling a niche area that Visa/banks can’t accommodate, but also that so-called “shitcoins” cannot accommodate either. If there is demand to use the Bitcoin payment network, well, there is automatically demand for its native currency: The Bitcoin. So you see, that is one of the main reasons why Bitcoin went from $0 to over $1,000 per coin: **Demand**. Note that this is demand that is not speculative, but demand to use the Bitcoin network. *Now comes the problem IMO…* More and more people who had no desire to ever use the payment network took notice, and this is a diverse group. Some are speculators who will just buy and hold “forever”, some are day traders and degenerates, some are institutional investors, some are people who have no clue what they are doing but just heard people were getting rich buying bitcoins… in any case, these buyers create more demand, but now it’s hard to know how much demand for BTC is due to true use case, how much is purely speculative long term, how much is purely speculative as a short term trade, and so on. Note that “speculation” need not be speculation of mass adoption for BTC prices to outperform the S&P 500 over the next decade. The speculation can simply be that crypto takes on a more meaningful role and is adopted by more people over time, and that Bitcoin retains and solidifies its leading position as “digital gold” and the safest most secure and decentralized cryptocurrency network. Now if you learn enough about shitcoins, that’s not a terrible stretch. *It would be like speculating that NVDA will retain its leading position as the top GPU manufacturer well into the future and continue to grow.* In any case, you should also be aware that Bitcoin’s halving mechanism tends to work with a variable lag, but places upwards pressure onto the price of BTC and leads to a large Bull run typically. It is sort of like an inverted yield curve—does it have to predict a recession 100% of the time? No. But *has it* done a damn good job of predicting that? Yes.
But most people care about the buying power of BTC in the real-world of you want to exchange it for goods and services. That buying power is indeed volatile right now. Despite this, I don’t see how volatility is an argument against Bitcoin. It is not so volatile that I get unreasonable slippage if I convert fiat or USDC to BTC and then use Bitcoin’s superior network to transact. Furthermore, for a long term investment, volatility is not the same as “risk”. Many of the most successful growth equities that have crushed the S&P 500 over longer periods of time, like NVDA as just one example, are incredibly volatile and can underperform a lot in any 1 - 2 year period. The only disadvantage is something only a moron would do; i.e., I absolutely need this downpayment for a house and it’s due to be paid 3 weeks from now and I hold that money in BTC. *Who the fuck does that?*
Usually we talk about “insane” appreciation when an investment goes 10x in a short period of time. If we assume most “goods/services” cost $10 or more (conservative given inflation), OP is asking what will happen is BTC in today’s dollars go something close to 60,000x and not 10x. NVDA stock is $165/share. What will I ever do if it reaches $9.9M/share and their market cap is $24.6Q (Q = Quadrillion here), which is orders upon orders of magnitude greater than the entire world’s market cap today. *This seems like a philosopher’s question none of us will deal with in our lifetimes.* If we do, congratulations on the new-found wealth to everyone here!
OP great topic award, NFA .Personally, I have lost about 2-3 thousand on the metaverse. That said OP I believe what you do but will go NVDA long calls and I have a taste < $200 USD gaming studios because it is too early. Why NVDA? NVIDIA Omniverse The platform for creating and operating metaverse applications. USD language will be how all metaverses talk to each other and can be searched. Like www. In web 2.
I guess the silver lining here is that those who are trying to exploit the crypto community are getting exposed or cornered. While it’s great that BTC could go back to 30K, those crooks like FTX, Celsius would still be operating under the disguise that everything is alright. That I’d argue would be worse in the long run. I guess these are necessary growing pains for an asset that’s still very new and highly speculative. There’s a lot of nastiness to shake off and folks are starting to understand the line between total decentralization and total regulation. I assume in the next decade or so we’ll find the happy middle point between the two. Im still very optimistic going long and sort of happy that crypto community is having an honest discourse with itself. This is time of reeling, healing and eventually growing. Lastly, this is pain not exclusive to crypto. Many folks got torched holding stocks, even ones that were deemed “safe” (NVDA, AMZN, GOOGL and META). So folks need to understand the macro environment and not make panic moves like sell all their crypto for something else that’s also in the dumps. When time comes for money to flow back into the markets, you can bet crypto will rally again.
I guess the silver lining here is that those who are trying to exploit the crypto community are getting exposed or cornered. While it’s great that BTC could go back to 30K, those crooks like FTX, Celsius would still be operating under the disguise that everything is alright. That I’d argue would be worse in the long run. I guess these are necessary growing pains for an asset that’s still very new and highly speculative. There’s a lot of nastiness to shake off and folks are starting to understand the line between total decentralization and total regulations and I assume in the next decade or so we’ll find the middle point between the two. Im still very optimistic going long and sort of happy that crypto community is having an honest discourse with itself. This is time of reeling, healing and eventually growing. Lastly, this is pain not exclusive to crypto. Many folks got torched holding stocks, even ones that were deemed “safe” (NVDA, AMZN, GOOGL and META). So folks need to understand the macro environment and not make panic moves like sell all their crypto for something else that’s also in the dumps. When time comes for money to flow back in to the markets, you can bet crypto will rally again.
- Sold 100 $MU call options for a loss of $392,575 - Sold 50 $NVDA call options for a loss of $361,476 - Let expire 50 $DIS call options for a loss of $132,824 If she can afford that, she's probably doing really well rn
You can still invest in a currency you think is superior, and Bitcoin’s purchasing power will still fluctuate even in a world where it is the only currency. Presumably in our lifetimes a successful Bitcoin would see that purchasing power increase, so there is nothing wrong with “investing” in Bitcoin. I agree that there is a lack of understanding about what Bitcoin is and how it goes far beyond that of a mere investment opportunity, but for someone who is completely ignorant, that is all it is **to them**, *and it’s not much different than someone who knows nothing about NVIDIA’s business model, never used or owned a GPU, and doesn’t even understand what a GPU is investing in NVDA anyway*. People who are ignorant will invest. I’d rather a dumbass invest in BTC than treasury bonds tbh and am not going to chastise them.
tldr; Jim Cramer has turned "negative" on Nvidia Corporation (NASDAQ: NVDA) and said he's shorting the semiconductor company. Cramer said the "Merge" of the Bitcoin-Ethereum "Ethereum" has been an "unintended consequence" for Nvidia. "They haven't been able to make the transition yet to artificial intelligence, virtual reality, machine learning. We're just not there yet," he added. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
They bought NVDA heavy & sold it at a loss prior to this dump . They are proud profiteer's . She doesn't need the money & isn't really allowed to do anything with it , i wouldn't have a problem with her trades if she wasn't on her 18th fucking term in congress. Super wealthy always have a leg up but she's a blatant hypocrite & deep swamp leech.
Short for algorithms, they’re bots that take in all the data on a market (say, BTC/USD for example or NVDA Stock), pull in data from all sorts of sources for financial equations, scan through price action etc and use all that to compute it and then make orders in the market. Basically they trade for you. Only the players with SERIOUS money have them though.
You are constantly deleting tweets which didn't age well, on stocks you were wrong about (most stocks). The few stocks you've been right about all are AMC/BBY/GME, and you are simply copying other sentiments hoping you are right. On the days you are wrong, half your tweets go out of the window and you are trying to save face. ​ I was wrong. You successfully pumped DTC today and sold at open into your pump. Congratz. NVDA/GME/DTC are all down today significantly. ​ >Also if I could pump stocks, then why would I ever be wrong? Wouldn't everything I suggest go up? Because you sell at open/pre-market. ​ 8 shares holders? Before you said it was 10? And what's a shareholder? You are just making up shit to make it seem like your sham isn't a sham. >How is Wall Street taking advantage of people by increasing the price? Convince WSB there is a pump coming. Rise stock price. Short into fake-rally. Make Big Bucks.
Which tweets have I deleted? I typically redo a tweet if there is a typo that I notice. I was wrong once with BBBY in that I thought it would raise higher, but if you actually follow me, you'll see me mentioning not to buy on open and to let a stock find a bottom. The goal is volatility. Look at the charts yesterday for AMD and AMC. What about the other stocks today? Did I pump NVDA, GME, and BBBY today? I done that? You previously admitted that I didn't have the reach to pump stocks, so which is it? Also if I could pump stocks, then why would I ever be wrong? Wouldn't everything I suggest go up? Also, no, I never mentioned employees. There is me working on it, and 8 share holders who are people I previously worked for. I said all of this on Sunday, you can go check it out. Also, I was in the Philippines previously, if that's what you were thinking of. I'm now back in the UK. How is Wall Street taking advantage of people by increasing the price?