Current Affairs Stocks and shares and stuff

[Paris]

Doge literally fell off a cliff lol

Buy the rumour, sell the news...

There's absolutely no way that Elon didn't buy.

 

[Wizard]

Doge literally fell off a cliff lol

Buy the rumour, sell the news...

There's absolutely no way that Elon didn't buy.

He literally called it a hustle on national TV in the US. But obviously people will now buy the dip and still refuse to accept they are investing in a meme.

Can’t judge as lots of people will have made a killing. Just wish they’d stop being so sanctimonious about it and pretending it isn’t what it is

 

[Zatara]

Has there ever been anyone promoting cryptocurrencies that isn't the owner of a cryptocurrency?

Not sure about "promoting" but Im in the crypto game and never touched the stuff...

*though i did nudge a mate to buy VET at about 3.50 cents and its now over 22c.

But no personal 'skin in the game'.

People been saying bitcoin is useless since it emerged, many big names who decried it before now sing it praises.
On the the bitcoin thread here there was someone(think it was ChesterBlue), told everyone it was a ponzi and they would lose their money, and this was when it was less than 10000. A mod closed that thread saying it was because "he didn't understand it".
Suppose like any investment, you pays your money, and take's your chance.

The 'investment banker' no less who didnt seem to understand basic trading terminology...

Without giving 'advice' per se, anyone in BTC right now should keep their eyes on the market this coming week.

 

[mill]

Not sure about "promoting" but Im in the crypto game and never touched the stuff...

*though i did nudge a mate to buy VET at about 3.50 cents and its now over 22c.

But no personal 'skin in the game'.


The 'investment banker' no less who didnt seem to understand basic trading terminology...

Without giving 'advice' per se, anyone in BTC right now should keep their eyes on the market this coming week.

The thing for me is that people who invest in it are never able to place a target value on it. I’ve asked people how they value it, what the main driver is for that target and whst are the risks to that view is but I’ve never really got a decent answer.

Lots of ‘institutional investors’ and ‘interesting projects’ but no real clear view on how value will be derived.

That’s a bit of a red flag for me as it feels like people are going into something a little blind.

They see the value going up and feel justified but bubbles can last for a long time before the pop (and generally the longer they last the bigger the pop) and at the moment I feel like there is a whole load of market participants who a) haven’t really experienced a crash and the discipline it takes to weather that kinda storm and b) the money to afford their investment halving.

I think there’s lots of amazing applications for the tech and I think tokens are a great new way for people to raise capital for projects. That part of it has a lot of traditional market participants a bit confused. The generation used to FIFA points and trading on FUT got the concept quite easily. But this market is not mature in any kind of way and it concerns me that a lot of people will get their fingers burned.

 

[Paris]

There most important factor behind my investment into crypto is that cash is trash.

Stocks I don't really understand tbh. PayPal smashed all expectations on its earnings report last week, yet its stock price fell considerably.

Gold and silver are more stable but too boring.

That really only leaves crypto. There is a lot of crap out there (doge, hex, safe moon etc) but stick to the good projects and you'll be rewarded.

The other advantage of crypto is that it's another way to pee off boomers.

 

[mill]

There most important factor behind my investment into crypto is that cash is trash.

Stocks I don't really understand tbh. PayPal smashed all expectations on its earnings report last week, yet its stock price fell considerably.

Gold and silver are more stable but too boring.

That really only leaves crypto. There is a lot of crap out there (doge, hex, safe moon etc) but stick to the good projects and you'll be rewarded.

The other advantage of crypto is that it's another way to pee off boomers.

Earnings reports are a reflection of what has happened in the past, and released a month after the quarter has ended.

The price of a stock is the expectation of what might happen in the future so will be dependent more on future capital allocation expectations, capital structure, forward guidance from management etc.

So it’s not quite as simple as ‘they performed better than expected last quarter so the price must be higher’.

 

[carolinablue232]

Earnings reports are a reflection of what has happened in the past, and released a month after the quarter has ended.

The price of a stock is the expectation of what might happen in the future so will be dependent more on future capital allocation expectations, capital structure, forward guidance from management etc.

So it’s not quite as simple as ‘they performed better than expected last quarter so the price must be higher’.

Yes, but it was a bit of a theme last week where a company would beat earnings, elevate guidance, have strong fundamentals, and a robust growth plan and still fall. It was kind of a weird week. Think it’s mostly to do with people finally starting to realize that these stocks might be overbought at their current levels rather than earnings or guidance being poor.

 

[mill]

Yes, but it was a bit of a theme last week where a company would beat earnings, elevate guidance, have strong fundamentals, and a robust growth plan and still fall. It was kind of a weird week. Think it’s mostly to do with people finally starting to realize that these stocks might be overbought at their current levels rather than earnings or guidance being poor.

Last week wasn’t really to do with earnings. The companies reporting were mostly all growth companies and it wasn’t just companies that reported.

For example, the BOE revised their *economic* growth expectations over the next few years. So you saw further rotation into the reflation trade and that money generally came from growth sectors like tech.

 

[carolinablue232]

Last week wasn’t really to do with earnings. The companies reporting were mostly all growth companies and it wasn’t just companies that reported.

For example, the BOE revised their *economic* growth expectations over the next few years. So you saw further rotation into the reflation trade and that money generally came from growth sectors like tech.

Broadly probably true, but at an individual level earnings did play a role with timing for certain stocks. Most of my portfolio is just in ETFs and mutual funds, but I have a little I play with on the side. 5 of those companies reported last week and at the time of earnings 4 took a hit. The only one that was up is a silly e-commerce fashion company that for some reason went up 15% day after they reported.

 

[DuuuncanHadaPigeon]

There most important factor behind my investment into crypto is that cash is trash.

Stocks I don't really understand tbh. PayPal smashed all expectations on its earnings report last week, yet its stock price fell considerably.

Gold and silver are more stable but too boring.

That really only leaves crypto. There is a lot of crap out there (doge, hex, safe moon etc) but stick to the good projects and you'll be rewarded.

The other advantage of crypto is that it's another way to pee off boomers.

Please explain how HEX is crap, I have asked you this before and you never replied...

Triple audited, no admin keys, actual use case, 600x in 450 odd days, trustless interest, the list goes on...

if HEX is crap I would love to know what shitcoins you claim are good (hint - I bet they are either promise coins or ghost chains)

 

[mill]

Please explain how HEX is crap, I have asked you this before and you never replied...

Triple audited, no admin keys, actual use case, 600x in 450 odd days, trustless interest, the list goes on...

if HEX is crap I would love to know what shitcoins you claim are good (hint - I bet they are either promise coins or ghost chains)

With HEX, where does the interest come from? How is it generated?

 

[DuuuncanHadaPigeon]

With HEX, where does the interest come from? How is it generated?

Interest is generated through inflation. Inflation is capped at 3.69% a year and that is only if 100% of the coins are staked. Currently around 10% of supply is staked so inflation is less than 1%. Inflation is only paid to those who stake their coins.

Exactly how a Certificate of Deposit works, except this is on the blockchain, with no middleman, triple audited code and no admin keys.

 

[mill]

Interest is generated through inflation. Inflation is capped at 3.69% a year and that is only if 100% of the coins are staked. Currently around 10% of supply is staked so inflation is less than 1%. Inflation is only paid to those who stake their coins.

Exactly how a Certificate of Deposit works, except this is on the blockchain, with no middleman, triple audited code and no admin keys.

When you say inflation, what do you mean?

A bank will pay interest on a cert of deposit so that they can borrow capital and then utilise that capital to make money. So they’ll pay short term rates and lend and receive long term rates which generally have a liquidity and term premium (and so are higher) and that covers the interest they owe (and makes them a profit on top).

I’m trying to understand where the money comes from to pay the interest. You provide capital (staking) on the basis that you will receive interest at the end of term.

Where does the interest come from? What is the capital used for? How does the borrower make money to pay the interest?

 

[DuuuncanHadaPigeon]

When you say inflation, what do you mean?

A bank will pay interest on a cert of deposit so that they can borrow capital and then utilise that capital to make money. So they’ll pay short term rates and lend and receive long term rates which generally have a liquidity and term premium (and so are higher) and that covers the interest they owe (and makes them a profit on top).

I’m trying to understand where the money comes from to pay the interest. You provide capital (staking) on the basis that you will receive interest at the end of term.

Where does the interest come from? What is the capital used for? How does the borrower make money to pay the interest?

The smart contract inflates the supply of hex to pay the interest. It pays interest in HEX.

There is no central entity lending or acting as a 'borrower' it is just YOU interacting with a smart contract, hence trustless interest.

Again, you are not providing capital to a central entity so that they can then use your money to make more money. YOU interact with the smart contract, which says, when you stake HEX it is burnt and removed from supply. When you end your stake again it is YOU interacting with the smart contract to mint your principle + interest (paid in HEX)

 

[mill]

The smart contract inflates the supply of hex to pay the interest. It pays interest in HEX.

There is no central entity lending or acting as a 'borrower' it is just YOU interacting with a smart contract, hence trustless interest.

Again, you are not providing capital to a central entity so that they can then use your money to make more money. YOU interact with the smart contract, which says, when you stake HEX it is burnt and removed from supply. When you end your stake again it is YOU interacting with the smart contract to mint your principle + interest (paid in HEX)

so the interest from staking is created out of thin air by an algorithm?
You stake and hex is removed from supply at which point an algorithm creates more hex that is paid to you as interest?