NVIDIA tokenized stock FTX
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?
Here are the indicators for free that are likely more beneficial then this silliness: * Previous session high low * Today's high low * QQQ, VIX, ES/SPY/SPX * XLF, XLE * AAPL, AMZN, MSFT, NVDA, TSLA, GOOG * 8 EMA, 21 EMA, 34 EMA Outside of those, learn to create resistance and support levels via charting. And use other fun custom tools like bookmap to show where orders are concentrated.
I trade SPY, APPL, GOOGL, TSLA, NVDA. However, all of my trades are in Bitcoin futures. I also arb ETH against Bitcoin and provide spot liquidity for CRO (market making). If you want to trade Bitcoin profitably, you need to follow the stock market and the dollar. When the NYSE is open, there's always lots of manual trading opportunities. When the NYSE is closed, algorithmic trading is the best option, especially if you want to be on the right side of bittys wild pump and dumps.
The amount of money I've literally just lit on fire in this dogshit market is pathetic - but it has pathetically taught me how to emotionally detach from dollar amounts & mediate wins / losses which has wildly improved my investment skills in other ways. For example - take a bucket of -43% YTD NVDA or -22% MSFT and baghold that after getting ripped for 100% on celcius or 99% on Mshare. Absolute cheese. The fact that people give a flying fuck what the market is doing on a daily basis absolutely boggles me because this literally is the time to print some god damn gains for yourself - drown out the noise. Mother made french dips , don't mind if i do ;P
So the autographed sports memorabilia market is prob whatever billions per year, yet autographed sports memorabilia does not have inherent value. It has theoretical value or sentimental value, but not an inherent price we could objectively agree on. When you break down the value of a stock (vs crypto) it’ll have _figures_ that give an absolute value. You could say book value or assets minus some cost of liquidating. Assets is easiest. It’s an objective number. Just imagine the cost(figure) of all the stuff the company owns. We don’t need any charts or trading history or anything to establish this value. Add up all the planes at Boeing and the company is at least worth that right? We can agree? Now let’s do BTC. We could be here for hours, get it? The company _value_ (price) is tethered to _some number_. A figure. We can point to it and it wasn’t made up nor reliant on a past value. It’s just the price of all the assets added up. Just go with it for a sec. Assets cost money because they make something or make something easier. If planes sell for 1mil and BA has the equipment in place to make them for 800k and sell 10/year they produce in cash 2mil per year right? We have some objective numbers to work with when we bid on the price of a given company now. Putting it in extremes: imagine NVDA were trading at a price to asset ratio such that I, personally, could buy the entire company, the price to asset would be something like .0000001:1. I’d be able to easily sell it for that 1 in the ratio and I’d be rich immediately because ppl doing the math who can actually use the factories NVDA owns think “it’s currently worth at least the price of its equipment, storage, and factories.” and they’d buy it. And the price per share that would equal all those factories is thousands of times more than the price I would’ve paid. There’s no equivalent figures or prices to compare in the crypto world. I’m going on and on about “figures” and “numbers” for a reason. There are two essential components that make up a stock price (lots of things contribute but at least these two must be present for price changes): 1. whatever price we all agree constitutes fair value if the company were just vacant tomorrow and everything had to be sold off and debts paid. 2. The _expectations_ going forward on the revenue they’ll hopefully create from sale of products/services. 2 components. Now crypto: there’s no figure other than the market cap and the chart and derivative prices etc. - to use to judge a “fair value”. It’s just us arguing about whether it visits old highs (technicals) or gets used in the distant future for getting bj’s in the metaverse. There are no FIGURES to compare the market cap to. Remember above, where the NVDA price dropped low enough for me to buy the whole company and flip it overnight? Imagine BTC drops low enough for you to own every single one…who tf do you turn to to sell it and what’s your pitch? “It’s clearly worth _at least_ x” How’d you come to that _fig. ure._? If you could buy a leading company for x and x is drastically below the asset price you can point to that when selling it. What’s the “asset price” of BTC? If you had to sell it for 1bn vs NVDA for 1bn which would be an easier pitch? So you see we only have component #2 fulfilled from above, and poorly. NVDA has a revenue and/or asset figure. Crypto doesn’t. It fulfills rule #2 by being based on _expectations_ but what _figure_ are those expectations based on other than past price performance? When time to bid comes, the investors who can utilize NVDA’s assets to actually generate more money than the company is priced at, will buy it when it gets low enough that it’s demonstrably cheap. The figure for one is less than that of the other. They have proof it’s cheap. When crypto comes up during the fake auction we’re having, the investors from above are grilling you: do you have a figure on how much the BTC can make per year, and or what if they stop making that much? If we have to liquidate all of Bitcoin how much would it be worth? How much did you say it was they make per year? So: new information can’t do the same thing to crypto that it does to stocks. Theres no “news” that might change the figures used to analyze the price. The figures don’t exist for crypto. Yet. All this being said, I personally believe in blockchain technology as I understand it. It’s just that it currently has no inherent value. And lots of things stay priced high w no inherent value anyway. Remember the autographed memorabilia. No inherent value, yet not going away anytime soon. TL;DR “news” to a stock is about how the money they generate via producing goods/services might change. Crypto doesn’t produce any good or service, therefore there is only the expectations of future value. These expectations are still theoretical. The money used to buy crypto isn’t theoretical.
The only stocks I'm really waiting to buy are MSFT, NVDA, GOOGL, AMZN, AMD. Outside of that I just do indexes and day trade SPY. I'd think about JPM and some other banks after the market gets clobbered and the trash gets taken out. I've got cash stocked up for purchases when the market is sufficiently beaten down. Outside of that $10k into I-bonds will yield good interest for the next year to year and a half. I think food disruption from Ukraine/Russia and then EU/Africa will cause issues in the short-term. In the long-term I look at what Burry said and think you have mega-corps cutting spend and reducing inventory in the short-term with rising rates, but as soon as rates start decreasing there will be a supply shock due to lack of supply while people are again flush with cash - and you'll have this whipsaw between extremes at both sides of the demand equation.
I'm not saying you shouldn't buy Bitcoin. You just shouldn't be a 100% in Bitcoin or 100% in cryptocurrency for retirement. Ever heard of diversification? You want to put all your eggs in one basket? >What good is a 401k that’s measured in dollars decaying at a minimum 8% CPI You're not really understanding how inflation affects the stock market. When I bought my 1st share of NVDA back in Feb of 14' at $16 and change that was with USD. Inflation happens, stock buybacks happen, and what do you know as inflation drives down purchasing power it drives up stock market valuations. Inflation is baked into the stock market. Now that same stock is valued at $162, but that was after a 4-1 stock split so If you were to not with the stock hypothetically it would be valued at $648 a share. My longest held portfolio that holds Nvidia is up 3,151%. That's more gaines than my Bitcoin as of now. If you don't think there's a place in a portfolio to be earning 3,151% return, then you're about batshit crazy. Nvidia is just one example, but just that one alone has already netted me six-figure returns. >Taxes will eat whatever remains when you start drawing payments at retirement Ever heard of a Roth IRA? You pay taxes up front. Everyone should have one. It also can be used as an emergency fund in a pinch. Also ever heard of capital gaines? you have to pay these on Bitcoin. I had to pay $16,000 in taxes on cryptocurrency for this past year. Bitcoin is in a name to taxes and other assets in retirement isn't either, So not sure what you're talking about. You dont avoid taxes anymore with cryptocurrency. >Real estate might get you some cover but what are the chances that your local government won’t rob you blind with property tax I purchased in 2015 for $188.5k. It appraised during the refinance last year $430k. I only pay about $2,400 a year in property taxes. The property value will continue to rise over long term even though a short-term correction is definitely in the cards to the tune of maybe 15 or 20%. I only owe 17 years left out of the original 25-year loan, and plan on selling in another 7-10years. So I'll pay about $24,000 in taxes over 10 years, but be able to turn a profit to the tune of >$200k. Once again I don't know how you see real estate as a bad investment. Yes it has its cons, but still deserves a place in a portfolio. >. Gold might be an option I do own some physical gold that I've been buying from JM Bullion. Definitely don't fool with the paper bs, and own the real thing. I don't really look at it as an investment but as a store of value. Gold fluctuates but usually isn't super volatile, and against the backdrop and for inflation should rise. Even if it holds steady though, It protects you from inflation. And if none of this still doesn't make any sense to you then just keep your fingers crossed with your retirement portfolio that is 100% Bitcoin. You could be totally fine and I hope you are because I'm betting on Bitcoin too, but if I'm wrong my retirement is secured. If You're wrong You're screwed and have nothing to show for it.
I’d have to say I’d be very intrigued…. I have only recently dabbled in the crypto space , about a year or so , but I’ve invested in the general stock market most of my adult life. I certainly have been kinda shocked by the drastic swings in the crypto space 😳 … I’m starting to get used to it though 😅 I have never had any large capitol to commit to either crypto or the traditional markets … mostly just a few thousand up to 10k at the most a few years back. I still hold a few tech blue chips … AAPL, IBM, NVDA…. and s few others , as well as Pfizer, 3m, WMT, DIS… etc… I was always told to search out dividend stocks so you can build wealth I also worked for a company that had a few upper management that spoke of Hedge Funds , but I never really thought much about it due to limited resources…. So I would be really interested to be able to reap the benefits of Hedge Fund returns , without Hedge Fund prices !! 😀
>their business is strong even without crypto mining. This exactly. With data center, gaming, healthcare and self-driving cars in addition to cryptocurrency mining the company is well diversified and has their hands in some very high growth sectors. I'm up 3,151% on my NVDA and AMD It's just getting started but I'm still up 431% on that. Both of these stocks have made me much more than cryptocurrency has, just because they're not at all speculative assets so I allocated way more to these than I have with cryptocurrency being a little more cautious.
The companies you mentioned are even more volatile than cryptocurrency because they're basically 100% tied to it but then have to worry about financial reports as well. Solid companies to invest in that will benefit off the back of crypto is Nvidia (NVDA) and advanced micro devices (AMD). They both make GPUs and SOCs that are and can be used in cryptocurrency mining. I've owned Nvidia since 2014 and AMD since 2017. Nvidia has already made me six-figure profits while AMD has made me five figure profits thus far.
Every month I take 15% of my paycheck to buy crypto/stocks. I'll keep buying. Stock markets are bleeding today and so is crypto. I'm DCAing NVDA, PLAB and BABA (stocks) and DOT, SOL and AVAX (Crypto). I don't understand how a network like DOT can be so undervalued with so many parachains getting onboard. I've contributed with the last crowdloans of EQ, UNQ and I'm already looking for the next one. SOL and AVAX are essential infrastructure for the future of crypto. It makes no sense for these projects to be so undervalued. We can get financial freedom tomorrow if we take the opportunity today.
Still think that's a smart term play. I'm about 50/50 equities and cryto. Was more heavily weighted crypo in fall, obv. Of crypto, 95% is comprised of BTC and ETH. Of Equities, 90% is in GOOG, AMZN, MSFT, TSLA, NVDA.
I wasn’t attempting to say anything is intrinsically wrong with PoS. Besides, I don’t believe it to be intrinsically bad. I do disagree with the “million little guys”’outweighing whales though is all. It’s all theoretical and has never happened in a large cap PoS chain, and there’s no reason to believe it ever will happen in the coming decades without some breakthrough in “democratic” chains or something. It would be like pointing out all those little retail investors who own large cap MSFT, AAPL, NVDA, AMZN, GOOG shares could outweigh the whales who own shares in a proxy vote. Well, no it’s impossible: You can count them up, just like you can count up the stake of the top known whales and on every larger cap PoS chain and see no way can the little guys even budge the whales. *The only time it matters (at this point in history) is basically for breaking “ties” between whales, which is at least something though*.
I bought my first 1/4 of a coin 2 weeks ago. Spent just under 10k after cashing out some QQQ stocks I’d owned for years. I did this to diversify my portfolio, and my goal is to buy a whole bitcoin. If all goes well tmrw with GME…I just bought 30 more shares after selling some NVDA. I’ll roll the proceeds into BTC and be closer to 1/2-2/3 of a coin. I’m a helicopter mechanic of modest means. These are retirement moves I’m making for 20 years down the line.
Ya it’s still a big thing lol. I missed the boat on the last one. I’m a helicopter mechanic in the military, and the hanger I work on has a shit ton of apes who wouldn’t shut up about it. So I sold some NVDA and bought 20 GME just to ride to wave with the apes with erections. Wish us luck! Any BTC you donate will go to the Ape Sanctuary we’re building.
Qualcomm also has a terrific dividend. I’d also look into NVDA Omniverse. Nvidia will likely be a bigger play than Facebook in the metaverse. Nvidia actually has the capability to make graphics, simulations in real time that looks like something people would want to interact with.
definitely. it’s a time to reconsolidate and evaluate some of the positions that I’m in. Also moving over to traditional stocks for some puts in $NVDA and other chip companies. might go long in Rare Earth ETFs too seeing how fragile the supply chain and the global market is rn. Long story short, look at your portfolio and don’t be afraid to cut losses. We’re looking at a big fall. No doubt crypto as an asset class will 10x in the next decade. But not keen on losing money in the short term.
Hard to beat those returns. There has been explosive growth in numerous assets over that same time period though, most notably tech. AAPL was under $14, AMZN was in the low 200s, NVDA was around $6, and GOOG was just under $300. BTC crushes all of those, but was also obviously far more dangerous an investment a decade ago. I'm curious as to how much BTC was held for a decade before being cashed out, and I would bet there is a larger percentage of massive unrealized gains in the aforementioned stocks than BTC.
I “missed the boat” on lots of stuff but you don’t see me posting about how $AAPL or $AMZN or $GOOG or $NVDA are worth a fraction of their values. Not everyone is petty and salty, like you guys apparently are for attacking my post. Crypto can go down 90% from here easily, on the next market downturn.
They are not new stock. But I don't think that was the issue to begin with. Staking for POS tokens, yes, because that generates new tokens, but traditional interest payments from CEXs are not from new tokens. My point is the precedence of being paid in a non fiat currency exists. It's the same if you barter and trade property. You have to assign fiat value to that. Before GWB raised the estate tax exemption, under Bill Clinton in the late 90s and 2000, it was relatively low. In the SF Bay Area, homes had risen above $1mm already. A neighbor's parents passed away and they had 2 properties. They had to sell one immediately to cover the 40% estate tax. Again, not trying to justify what the IRS is doing here, but just saying being paid in crypto is not enough of a justification to ask for no taxes. As for your reference to stock splits, stock splits are non-taxable. Your # of shares changes and your basis changes the day it happens, so it ends up being a no-change. Source: AAPL shareholder in 2020 when the stock did the 4:1 split. Same with TSLA's 5:1 and NVDA's 4:1.
This seems like a “mish-mosh” of questions, and anyone that knows for sure all your answers would not be here to answer them, they’d be using their uncanny ability to predict the future and intricate knowledge of markets to be generating massive wealth for themselves and others they care about, or enjoying all that wealth they have. In any case, take this with a grain of salt. It’s Reddit. 0. Bitcoin can’t become a *stable* global currency until it has deep deep liquidity on both buy and sell sides, and has gained much more adoption. What % of businesses today do vs. do not accept Bitcoin? Clearly we are far from meeting adoption goals and early, so there’s no way Bitcoin should be “stable” right now. 1. Not sure I understand question 1. What is the problem here? Businesses that accept Bitcoin as payment don’t have to “cope” with anything. They can convert to stablecoin or fiat, they can hold as Bitcoin on their balance sheet, or more commonly, they can have a combination of the two where they hold some % on the balance sheets and convert some % if the amount they have on their balance sheets gets too large for their appetite. Volatility isn’t bad inherently. **Do we ask large pension funds how they cope with having some highly volatile NVDA stock in the mix on their Holdings?** I guess we don’t have adoption yet (back to point 0. above), so almost no business is operating entirely in BTC on all levels, so it’s east to manage volatility. 2. Again, see number 0. Bitcoin also is not “pegged” to the USD, there is just an exchange rate between BTC/USD and people used to thinking in terms of dollars want to know “How much USD is that?” or people used to Mexican Pesos want to know “How many pesos is that?”. If you were used to thinking in BTC, you would want to know “How many sats is that?” for a coffee, or Bitcoin for larger ticket items. 3. Bitcoin could he a hedge against inflation in the longterm, and it certainly has been a great hedge against inflation in the past in the sense that anyone who invested in Bitcoin and held long enough was rewarded with inflation adjusted returns so great, even today with inflation on the rise and Bitcoin down, you made enough return that you are *crushing* inflation. This same trend can continue in the future, as clearly the longterm end game shows Bitcoin demand increasing, while the supply stays the same. I do not have a crystal ball, but the “tokenomics” *long term* do suggest a great hedge against inflation. **I think the mistake people make is thinking that Bitcoin is a short-term hedge against inflation that should quickly react to CPI numbers in a manner that has a direct negative correlation.** With the liquidity where it is today, that is an unrealistic expectation. Also, Bitcoin is down on speculation of a strengthening dollar and the Fed raising rates to combat inflation, and was up on the opposite thesis, so there is some semblance of negative correlation there, but the game-changer is a long term fight against inflation over decades, not short term speculation and “noise”.
It’s funny when people call Bitcoin a bubble; have you seen the price of TSLA or NVDA? That’s what I call a bubble and it’s poppin. At this point there’s literally no chance of bitcoin ever going to zero, but I can picture a scenario where any company, even Apple, is going bust. All it takes is one scandal or sales failure.
tldr; Block SQ intends to develop a bitcoin mining system in a bid to bolster its presence in the cryptocurrency market. The company generated bitcoin revenues of $1.82 billion (47% of total revenues) in third-quarter 2021, up 11% year over year. Block, which carries a Zacks Rank #4 (Sell) at present, will face strong competition from existing crypto mining players such as NVIDIA NVDA, Marathon Digital Holdings and Hut 8 Mining. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Your comparing a savings acount, something ment for "SAVING" and has NO RISK has pretty much 0% chance of losing value (short of inflation) with crypto an INVESTMENT. High risk which means more rewards, but again HIGH RISK. Maybe a better example would be to compare crypto against FBGRX, APPL, or NVDA. It's clearly easy to see crypto is popular because people ain't never been tought the difference between saving and investing.
If you want something that you can buy now, you’d probably better be investing in NVDA (yeah i know it’s not a crypto) or AMD. The thing is we don’t know who the winner is going to be but it sure will be using GPU. Any so-called metaverse coins will be pretty speculative because the project itself is still on development phase and the ones that are out are very poor quality (MANA for example is a joke with that laggy performance, even VR chat is better and it’s free).
It really isn't. If I swing trade One\BTC or Luna\BTC pair to accumulate more Harmony, Terra or BTC when the ratio is right, if the ratio isn't right I just end up being stuck with BTC which isn't bad or One or Luna I'm fine with all those scenarios it's just the amount of profit could be 5x or .5x or holding BTC is great too. Imo it's like trading blue chip stocks like MSFT, Apple, NVDA etc even if it drops you can hold it longer than you wanted but you'll be up in the future. If you swing trade ADA Shib or ICP if you make a bad trade or miss time it you are essentially "stuck" with ada shib icp etc. With a very uncertain future and the ratio might never go back so you're losing the btc ratio.
I made $600 today in 2 transactions day trading options with NVDA and ARKK based on RSI and linear regression. I was 90% confident each trade would be successful. I check premarket every day and probably only make a trade every other week. Just because you don't understand something doesn't mean it's not real. I don't understand how rain works, but it's raining right now.
It’s not all fear, stupidity, and margin calls. A big part of this is essentially a domino effect— people liquidate one position when they see screaming deals elsewhere. Even more so when you can claim a loss for tax purposes to offset profits, and then jump into a nice dip. If you aren’t holding a lot of cash but you want to jump into NVDA today when it’s -6%, you sell something, perhaps some crypto…then someone else sells their bag to buy whatever you’ve sold at a perceived discount. The tax rebalancing cycle can serve to amplify this dynamic end of calendar year.
> That means that the price of nearly every coin in the crypto space is being driven up by fake dollars. Did people just realize this now lol? Same with the valuations of TSLA, NVDA, GME, AMC, etc. Bitcoin pumps shitcoins, shitcoins pump meme stonks, meme stonks go back to pumping the coins. It's a circle of pumping. But hey, when the music is playing, you have to dance!
all the bullshit about crypto being a safe haven from the financial market/ global economy has been disproved again and again. when they fall, so does crypto. therefore the most important consideration is, will the global market continue to fall? what will it take to stabilise them and when? IMO the evergrande thing i dont believe will have much impact- but may take time to resolve- uncertainity. $300bn of liabilities. if they wanted. the land of china could step in super easily and take care of all that 5hit. but yeh overseas debt holders gonna get fucked. OMicron- i think once the data is out AND BNTX confirms that they can create a new vaccine within a few weeks as they have already stated, things will settle down on that front. taper etc.. yanks will do whats needed to stabilise. remember Nancy pelosi's husband has 400C NVDA options :)
Totally disagree with you, there are plenty of good companies to invest in but the problem is everyone gets greedy and puts their money into companies which they expect 100% return within a week lol and when people get burned they blame the market is corrupt. Plenty of great stocks like Apple, Google, MS, NVDA, AMD, FB, Pfizer, etc that are safe bet.