Current Affairs Stocks and shares and stuff

[Paulie]

What's behind this crash?

All big investors are convinced it'll surpass 1 million.

Think ethereum is being tipped something similar too.

 

[carolinablue232]

What's behind this crash?

All big investors are convinced it'll surpass 1 million.

Think ethereum is being tipped something similar too.

You call it a crash. I call it Crypto. Bitcoin was at 5k less than a year ago. Seems to run in cycles.

 

[Paulie]

You call it a crash. I call it Crypto. Bitcoin was at 5k less than a year ago. Seems to run in cycles.

Indeed. I bought a bit today. It isn't going anywhere.

 

[carolinablue232]

Indeed. I bought a bit today. It isn't going anywhere.

I own a small amount of Etherium purely because of fear of missing out.

 

[Paris]

Biden basically crashed the market, including cryptocurrency, with his CGT announcement.

Seems to have recovered a bit now though.

 

[Paulie]

I own a small amount of Etherium purely because of fear of missing out.

Yeah same. I spend more on footy betting (which I've stopped) so why not.

 

[riddick]

Company I work for went public today. Thought it would go down a bit by end of day but ended up about 33% up.

 

[Paulie]

Company I work for went public today. Thought it would go down a bit by end of day but ended up about 33% up.

What company?

 

[carolinablue232]

Company I work for went public today. Thought it would go down a bit by end of day but ended up about 33% up.

Nice! Hope you were in early enough to reap the rewards.

 

[Bruce Wayne]

Company I work for went public today. Thought it would go down a bit by end of day but ended up about 33% up.

UiPath?

 

[Paulie]

What's everyone's thoughts on NIO? Seen someone on YouTube mention Lucid too, they're going for the luxury EV market in the states. Anymore room for someone to teach Tesla heights?

 

[LinekersLegs]

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[carolinablue232]

What's everyone's thoughts on NIO? Seen someone on YouTube mention Lucid too, they're going for the luxury EV market in the states. Anymore room for someone to teach Tesla heights?

Honestly the whole sector scares me now. I wasn’t smart enough to get in on Tesla early, and now it’s just such a crowded space. I like the idea of Fisker doing what they’re doing with recycled materials, but the space feels like a crapshoot. Wouldn’t be surprised at all if the incumbent Ford/GM pivots turned out to be the best play long term.

 

[nikom court]

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

never keep your funds on exchanges,
not your keys not your coins!

 

[Paulie]

Honestly the whole sector scares me now. I wasn’t smart enough to get in on Tesla early, and now it’s just such a crowded space. I like the idea of Fisker doing what they’re doing with recycled materials, but the space feels like a crapshoot. Wouldn’t be surprised at all if the incumbent Ford/GM pivots turned out to be the best play long term.

Yeah there is a lot of competition. Surely there is room for a Chinese firm to take a big portion of the market.