OT: Lets talk about stocks (Part 2)

[QuebecPride]

made a bunch of small moves for the portfolios I manage,

closed my position - CLX

trimmed my position - EVR (has been very good to me), NLY, NLTX

started a new position - HAS

added to my position - ARKF, TRLY, GHVI, LAZ, HA, BG, MXIM, PACB, KPTI, AGTC

Not a bad day to move in.

 

[Scintillating10]

I really got hammered today. I am heavy into Tesla and btc

 

[danyhabsfan]

ICBU

Ive done my DD. It's an OTC stock but if you want to risk some money that you can lose for a potential big gain I think it's a good one.

 

[mariolemieux66]

I bought some Cardano on April 25th when it dipped. It doubled since.

 

[jellybeans]

I bought some Cardano on April 25th when it dipped. It doubled since.

Sold almost 10k doge 3 months ago and went for cardano and ripple i got doge at .06 so i lost big time on that one but doing very well with cardano also sold all my ripple and bought cardano at 1.72.

 

[Scintillating10]

Any of you still in bitcoin staying

 

[llamateizer]

Any of you still in bitcoin staying

I'm still in. Buying with sadness and fear.

 

[Scintillating10]

I'm still in. Buying with sadness and fear.

I don't know what to do? Just when can get no worse it does

 

[Mrb1p]

I don't know what to do? Just when can get no worse it does

You are in this for the long haul, if you want quick cash buy lotto tickets.

 

[RabbleMasterBlaster]

I really got hammered today. I am heavy into Tesla and btc

I'd just add more Tesla. There's nothin to worry about with them if you plan on keeping for long term. BTC on the other hand...wouldn't touch that with a 10 foot pole.

 

[M.C.G. 31]

I don't know what to do? Just when can get no worse it does

I’ve been in this for four years. It went down to 3k USD last year. Keep that in mind for perspective lol

 

[LyricalLyricist]

What exactly is the logic behind Bitcoin going up?

I always hear it will reach X or Y but I don’t know why. That’s what pushes me away from it.

I understand that as companies accept it as currency it can boost but now they’re taking a step back.

 

[Grate n Colorful Oz]

Anybody buy & dumping Matrix every few days or so?

How wonder how long the trend will keep.

 

[Grate n Colorful Oz]

Can't believe that TSLA at 560 isn't attractive.

another rough day.

Guy (Michael Burry) who made a huge profit on shorting the derivatives market in 2008 says he's shorting Telsa bcause he's sure it's a house of cards that will crumble.

 

[QuebecPride]

I don't know what to do? Just when can get no worse it does

If you're not feeling well, you probably had a bit too much of your investable money in Bitcoin. It's a normal human behavior when something is down to feel like selling it all.

Personally, I might buy a bit more since it's 'cheap' vs. what it was a few weeks ago. But that's me. It could very well keep going down.

I have invested something like 500$ in Bitcoin, and it's down down 50-60 bucks, so I might just reinvest so that the total value is 500$.

If I were you I would not do anything drastic, unless you feel like giving up on Bitcoin. If you want to lower your exposure, do it little by little over the next coming weeks. Unless you're done with Bitcoin, because then you might as well just sell everything and move on to something else.

99% of the time, the best move is to do nothing.

 

[QuebecPride]

What exactly is the logic behind Bitcoin going up?

I always hear it will reach X or Y but I don’t know why. That’s what pushes me away from it.

I understand that as companies accept it as currency it can boost but now they’re taking a step back.

There's no logic. Just pure speculation. The technology behind it is interesting, but Bitcoin is not used much as a currency and probably won't be for a while still.

 

[LyricalLyricist]

There's no logic. Just pure speculation. The technology behind it is interesting, but Bitcoin is not used much as a currency and probably won't be for a while still.

And what stops another currency from being preferred in that time frame? Nothing I suppose.

That’s why I stay away from this. I don’t understand the economics of it enough.

 

[azcanuck]

I don't know what to do? Just when can get no worse it does

It will fall deep into a new well.

The USA is experiencing inflation although the official government numbers will not tell you just how badly.

but the investors know. They are always ahead of the curve.

You cant pump and dump government money to the degree that it's happening without having corresponding production to back it up.

This is going to get far worse. I've taken out 50 percent of my stock portfolio , and did it weeks ago , saving a lot of money.

 

[Habs]

What exactly is the logic behind Bitcoin going up?

I always hear it will reach X or Y but I don’t know why. That’s what pushes me away from it.

I understand that as companies accept it as currency it can boost but now they’re taking a step back.

The US is adding BTC ETF's this year, institutional money hasn't even begun to flow into it yet. BTW I think BTC could hit 28k for a low, and a part of me hopes it does so I can load up again.

 

[LyricalLyricist]

The US is adding BTC ETF's this year, institutional money hasn't even begun to flow into it yet. BTW I think BTC could hit 28k for a low, and a part of me hopes it does so I can load up again.

But isn’t this the same thing?

Assuming that because it’s accessible it will reach some new highs?

I could be 100% wrong. I have no formal training with this but most people I’ve spoken to but crypto because “it will go up”, why? “Because people will buy”, why? “Because it’s going up”

That isn’t really reassuring enough to me given my limited investment experience.

I do hope that it all works out but I am terrified to put anything in.

 

[Habs]

I bought PLTR last week but .. I think my hidden gem is going to be Graph Blockchain Inc. (GBLC.CN)

As BTC and ETH drop, watch for the ADA and DOT projects to rocket up this year. Graph mines ADA, DOT, LINK etc.. . the stock is around .10c , and these are rock bottom prices for a lot of these platforms I believe.

Keep it on your radar! Also, I'm still buying OMI lol.

 

[QuebecPride]

And what stops another currency from being preferred in that time frame? Nothing I suppose.

That’s why I stay away from this. I don’t understand the economics of it enough.

Nothing stops another currency from being the preferred one. But Bitcoin is the household name that everybody knows and should remain somewhat valuable based on that. It has the first mover`s advantage.

Honestly I was at the same place as you a couple of months ago. The crypto universe is really weird with all its terms, and the crypto exchanges don't entice me at all. But with the arrival of BTC and Ethereum ETFs I hopped in. It's still a rather light investment in my overall portfolio, but I figured, why not.

There's no logical explanation for Bitcoin exploding in price, same for NFTs and whatnot. It's more than fine to stay away from it.

 

[Habs]

But isn’t this the same thing?

Assuming that because it’s accessible it will reach some new highs?

I could be 100% wrong. I have no formal training with this but most people I’ve spoken to but crypto because “it will go up”, why? “Because people will buy”, why? “Because it’s going up”

That isn’t really reassuring enough to me given my limited investment experience.

I do hope that it all works out but I am terrified to put anything in.

Its always a gamble, I have way more in ETH and other projects, don't own much BTC these days. I mostly buy coins I can stake and just hold them for a healthy return, cash in the profits for more coin, and start all over again.

 

[QuebecPride]

But isn’t this the same thing?

Assuming that because it’s accessible it will reach some new highs?

I could be 100% wrong. I have no formal training with this but most people I’ve spoken to but crypto because “it will go up”, why? “Because people will buy”, why? “Because it’s going up”

That isn’t really reassuring enough to me given my limited investment experience.

I do hope that it all works out but I am terrified to put anything in.

Well, more people are investing in cryptos every day, and with the ETFs, it's now easier than ever to invest. Beforehand it was mostly an internet and forum play-thing. Now it's accessible via your broker and institutional investors (read here, Wall Street, big banks, pension funds and whatnot) are looking at cryptos as a career risk if they don't hop in, while previously it was a career risk to be in it.

Ethereum has nearly gone up 80% in 2-3 weeks after the Canadian ETFs were released. It's probably not the only effect that explains the prices the past couple of weeks, but imagine when US ETFs are approved at the end of 2021/2022.

 

[llamateizer]

Well, more people are investing in cryptos every day, and with the ETFs, it's now easier than ever to invest. Beforehand it was mostly an internet and forum play-thing. Now it's accessible via your broker and institutional investors (read here, Wall Street, big banks, pension funds and whatnot) are looking at cryptos as a career risk if they don't hop in, while previously it was a career risk to be in it.

Ethereum has nearly gone up 80% in 2-3 weeks after the Canadian ETFs were released. It's probably not the only effect that explains the prices the past couple of weeks, but imagine when US ETFs are approved at the end of 2021/2022.

I don't think it has any effect as I bought in BTCC before the correction of 20%

Guy (Michael Burry) who made a huge profit on shorting the derivatives market in 2008 says he's shorting Telsa bcause he's sure it's a house of cards that will crumble.

crazy how TSLA is becoming less interesting in a few months.