Current Affairs Stocks and shares and stuff

[nikom court]

Btc Bull market is not over yet, pullbacks like this are a normal cycle,still up over 300% ytd.
Shitcoiners are getting rekt as predicted!

 

[mill]

Btc Bull market is not over yet, pullbacks like this are a normal cycle,still up over 300% ytd.
Shitcoiners are getting rekt as predicted!

I’m a bit unsure tbh.

it feels like some of the tailwinds fit crypto and no headwinds (I mentioned m2 velocity the other day, we are at the bottom of a cycle that has been helpful to Bitcoin). It’ll be interesting to see whether it can weather a taper tantrum type scenario. I’m not convinced it’s immune.

 

[nikom court]

I’m a bit unsure tbh.

it feels like some of the tailwinds fit crypto and no headwinds (I mentioned m2 velocity the other day, we are at the bottom of a cycle that has been helpful to Bitcoin). It’ll be interesting to see whether it can weather a taper tantrum type scenario. I’m not convinced it’s immune.

since 2016 iv been through 600 to 20,000 down to 3000 back up 13000 down to 4000 up to 64000,
im not phased,but a lot of newbies are scared at the moment and selling off,maybe they will never come back!
no fundamentals have changed at all,its all social media fud and fake news.
it was never going to be green candles all the way,this aint for the faint hearted and no get rich quick scheme,
you need strong hands!

 

[DuuuncanHadaPigeon]

since 2016 iv been through 600 to 20,000 down to 3000 back up 13000 down to 4000 up to 64000,
im not phased,but a lot of newbies are scared at the moment and selling off,maybe they will never come back!
no fundamentals have changed at all,its all social media fud and fake news.
it was never going to be green candles all the way,this aint for the faint hearted and no get rich quick scheme,
you need strong hands!

this is true, over time best thing to do is just hold. The grayscale premium worries me though, i think btc can go further down, but like you said if you are holding long term doesn't really matter

 

[DuuuncanHadaPigeon]

ETH tanking hard right now

 

[mill]

since 2016 iv been through 600 to 20,000 down to 3000 back up 13000 down to 4000 up to 64000,
im not phased,but a lot of newbies are scared at the moment and selling off,maybe they will never come back!
no fundamentals have changed at all,its all social media fud and fake news.
it was never going to be green candles all the way,this aint for the faint hearted and no get rich quick scheme,
you need strong hands!

Perhaps not *within* crypto, but that’s not the case relative to other assets was my main point really regarding monetary supply and what thats done for all risky assets.

 

[LinekersLegs]

 

[SerenityNigh]

Why do people support the different crypto currencies the way they support football teams? It’s proper mad.

my crypto is well better than your crypto.

It’s a really strange phenomenon.

imagine being the same way about government bonds. ‘My European peripheral bond is much better than your European peripheral bond’.

it’s like an investment has become part of their identity.

To be fair, you can value bonds based on the risk of default... I'm at a loss still on how to value crypto apart from sensationalism.

 

[SerenityNigh]

 

[LinekersLegs]

Lot of people going to be hurting sadly, especially as lot of trading platforms have crashed, think worthwhile to post that guys followup post and for GOTers always someone on the depression thread ready with a virtual hug and and listening ear x

 

[SerenityNigh]

I mean Tesla is taking that concept to the nth degree though isn’t it?

it was on 24 times price to SALES at one point.

I saw one metric that priced it at $1.4m per car sold lol (I realise that the growth isn’t just targeted for car sales but still lol)

What's great about Tesla is their brand (if you believe in a Buffet style "moat") and their process. But to my understanding, they don't own any IP or technology, they're just maximizing what already exists. They sell the best batteries, but they don't control the technology. (Could be entirely wrong, just digesting what I've read here.)

And, like AMZN (still) they have to increase sales and profits incredibly just to turn a "normal" PE on their current prices. It all seems a bit enthusiastic to me from a shareholder perspective.

 

[nikom court]

Here's the big opportunity for those waiting for the price to go down,do you have the balls!

 

[Mrk]

Love how Elon Musk has spent months quietly ramping Bitcoin, before (presumably) influencing Tesla to stick over a Blillion dollar's worth of it on its balance sheet, then overtly ramping bitcoin, before changing his mind and deciding Bitcoin is bad for the environment after all. Unquestionably a genius, but also incredibly stupid at the same time.

 

[SerenityNigh]

Again, they’re not the ones justifying their share price. The investors do. What would you like them to do?

The fundamental question for investors is do you see them as a car company or something greater? Clearly the market sees more than just an auto company.

I like their potential as a company, but I don't know that I trust the market to determine the correct price. Then again, I'm a bit stodgy and growing more so by the year, so <shrug> <coffee>.

 

[nikom court]

All Tesla's btc gains wiped out,every cloud