OT: Lets talk about stocks (Part 2)

[japhi]

Anyone feel like last year is unsustainable?

In last 6 months I’m at around ~80% return and I’m starting to wonder if I peaked. I’m wondering if at any point a bubble will appear and I’ll be foolishly still in.

Yes, last year was ridiculous in Tech. A lot of future growth is built in. But, some energy producers are still near 5 year lows, banks are trading at 12 P/E.

Not sure how much you have in the markets and what percentage it is of your net worth, or what your horizon is. You could always take some profits.

My strategy is to stay 15% cash and buy stuff as it goes on sale. Bought SHOP last week, great company that was off 30% and getting caught up in the wider tech sell off. Will it go lower? Who knows, if so, will buy some more.

 

[japhi]

The dot com boom is more like the tech boom or any other in the stock market. Crypto is very different from all the other booms because it serves a mechanical purpose to electronic trades, one which is advantageous compared to the hurdle track of passing through financial institutions. It's not an industry or commerce, it's a financial tool.

Seriously, A-N-Y-T-H-I-N-G that has future growth written all over it, will get a boom. It's just the nature of speculation.

I think that most of the more serious crypto developers of today will all become bigger with time because it's based on an ever growing use. Because of that it's entirely different from the dot com boom.

Crypto is more akin to what happened to the bond market over the last two generations.

And that's not a boom and bust. It's bullish through half your life.

I'm in payments and work for a Bank so I know way more then I'd like to about KYC, AML, beneficial ownership underwriting, etc. And that's where Crypto loses me as a method of payment - in order for it to be viable, it will need to be layered with all of the compliance that comes with the US and global financial systems. I suspect the banks will strangle the thing to death once they get their hands on it.

 

[Habs]

Bought some Polygon when it was still named Matic a few weeks ago, and oh boy was I glad in the last week and then I wake-up this morning and almost half the ground I had gained was lost. Relief, it's going back up now.

great buy, I missed out on Matic ..waiting for a bigger dip

 

[montreal]

Ark's Cathie Wood Says U.S. Set Up for 'Massive' Deflation

 

[azcanuck]

Ark's Cathie Wood Says U.S. Set Up for 'Massive' Deflation

She also said Tesla would hit 3,000 and then shortly after sold a lot of it off.

She talks a lot of sheet.

 

[azcanuck]

Yes, last year was ridiculous in Tech. A lot of future growth is built in. But, some energy producers are still near 5 year lows, banks are trading at 12 P/E.

Not sure how much you have in the markets and what percentage it is of your net worth, or what your horizon is. You could always take some profits.

My strategy is to stay 15% cash and buy stuff as it goes on sale. Bought SHOP last week, great company that was off 30% and getting caught up in the wider tech sell off. Will it go lower? Who knows, if so, will buy some more.

Weeks ago I cashed out 20 percent of my stock portfolio.

I am very leery of the direction of the stock market due to our government leaders and the signals and policy they are dictating.

I do think Crypto will rebound because of the above statement.

 

[Grate n Colorful Oz]

I'm in payments and work for a Bank so I know way more then I'd like to about KYC, AML, beneficial ownership underwriting, etc. And that's where Crypto loses me as a method of payment - in order for it to be viable, it will need to be layered with all of the compliance that comes with the US and global financial systems. I suspect the banks will strangle the thing to death once they get their hands on it.

You need identity confirmation to open a wallet and the federal (and provinces) gets financial reports on users. I don't know man, I 'm thinking as long as it remains only for electronic transactions, governments will have to put out new regulations to stop it, because that's the whole point, to bypass banks while offering the same security and the newer token companies are hard at work to produce software that does just that. The regulations you talk about were all put into place to quell fraud and money laundering -through the banks-. They'll need new regulations for this as ot is not currency per se, but a means of exchange.

 

[Scintillating10]

Ark's Cathie Wood Says U.S. Set Up for 'Massive' Deflation

She also says bitcoin will go to $500,000

 

[Scintillating10]

Warren Buffett sold off Wells Fargo. Wonder what is coming?

 

[azcanuck]

Warren Buffett sold off Wells Fargo. Wonder what is coming?

That's been going on for a while. He sold most of it I believe by 2020. He actually missed out a good run when he sold a lot of his bank stocks. He doesnt win everything.

 

[canucklover123]

Ark's Cathie Wood Says U.S. Set Up for 'Massive' Deflation

I go through her buys and sells every day and even though, some always make you scratch your head, I do like her underlying fundamental of just focusing on the business and industry.

Even though we know the market tends to be affected by many macro players, she seems to focus solely on the business. Which I guess in the long run, is a good play

 

[canucklover123]

I don't have any crypto exposure anymore, I see alot of them are down this week, maybe I'll make a play tomorrow

 

[BehindTheTimes]

I think the crypto selloff may have been completely orchestrated. We wanted institutions in, we got em, you get what you asked for. I think we’ve hit the floor on btc and we trade sideways for 5-6 weeks and start back up.

 

[Habs]

I think the crypto selloff may have been completely orchestrated. We wanted institutions in, we got em, you get what you asked for. I think we’ve hit the floor on btc and we trade sideways for 5-6 weeks and start back up.

looks pretty suspicious the way it went down with Elon's ramblings etc...

It either goes a long ways up from here, or they say the next resistance is the 21k level.

 

[BehindTheTimes]

looks pretty suspicious the way it went down with Elon's ramblings etc...

It either goes a long ways up from here, or they say the next resistance is the 21k level.

The Wyckoff distribution theory looks fairly plausible here IMO. I think this may have been completely manipulated and ongoing for some time.

 

[montreal]

She also says bitcoin will go to $500,000

Macfee once said it was going to 1 Million. Of course he's a tad nuts but I was surprised she said that as that's a very big number. I have a few dollars in ETH but I might pick up a little bitcoin. I have done really well with SI as I got it at 30 and trimmed 50 of the 150 I bought in 100's. I've been thinking of getting 100 shares of MSTR since it's dropped.

I go through her buys and sells every day and even though, some always make you scratch your head, I do like her underlying fundamental of just focusing on the business and industry.

Even though we know the market tends to be affected by many macro players, she seems to focus solely on the business. Which I guess in the long run, is a good play

I don't follow her too much, I have a little ARKF and I've been in ARKK in the past and am thinking about getting back but only 50 shares for now and if it drops I'll be another 50 in time.

I think the crypto selloff may have been completely orchestrated. We wanted institutions in, we got em, you get what you asked for. I think we’ve hit the floor on btc and we trade sideways for 5-6 weeks and start back up.

I'm not a crypto person but with China involved I wouldn't put anything past them.

 

[llamateizer]

What's happening with Bunny coin?

it has lost 80% of its value.

I tried to deposit 2 bunny but it costs 0.04 BNB (15$), same with withdrawal.

even with having enough gas, the transaction didn't passed.

EDIT: oh

Go Forward Plan

 

[Mrb1p]

What crypto cash? Sold ADA and ETH high, bought low yesterday... now im up 20% on all.

This should be illegal lmao.

 

[Habs Halifax]

What crypto cash? Sold ADA and ETH high, bought low yesterday... now im up 20% on all.

This should be illegal lmao.

I own 200+ shares of ADA. I'm going to sit back and let it ride for years. Can't be bothered with the daily/weekly watch and those who bought Bitcoin low back when and stuck with it are the ones who did the best.

I'm not looking to make a few hundred with daily/weekly transfers. I'm looking to make substantial gains before I act. That will take time and I'll let the waive of others buying/selling play it's course. I only got about $1000 invested in about 10 coins and that's as far as I will go with this type of investing.

 

[llamateizer]

What crypto cash? Sold ADA and ETH high, bought low yesterday... now im up 20% on all.

This should be illegal lmao.

Lol. I know. it's not "easy" easy. but it's easy.

for someone who doesn't like to take risk, I willing fully exposed myself in order to learn and get hurt.

 

[the paisanos guy]

What crypto cash? Sold ADA and ETH high, bought low yesterday... now im up 20% on all.

This should be illegal lmao.

your head's gonna explode when you step into a casino

 

[Mrb1p]

your head's gonna explode when you step into a casino

I hate casinos.

 

[Mrb1p]

I own 200+ shares of ADA. I'm going to sit back and let it ride for years. Can't be bothered with the daily/weekly watch and those who bought Bitcoin low back when and stuck with it are the ones who did the best.

I'm not looking to make a few hundred with daily/weekly transfers. I'm looking to make substantial gains before I act. That will take time and I'll let the waive of others buying/selling play it's course. I only got about $1000 invested in about 10 coins and that's as far as I will go with this type of investing.

I own about 10xs that and have bought about that amount with my own money.

You do you though

 

[Habs]

What's happening with Bunny coin?

it has lost 80% of its value.

I tried to deposit 2 bunny but it costs 0.04 BNB (15$), same with withdrawal.

even with having enough gas, the transaction didn't passed.

View attachment 436341


EDIT: oh

Go Forward Plan

I picked up 100 bunny for 100$ last night, insane. I expect it to go over 100$ again soon, they aren't shutting down. I would buy more today if I hadn't blew the rest of my load on more CAKE.

 

[llamateizer]

I picked up 100 bunny for 100$ last night, insane. I expect it to go over 100$ again soon, they aren't shutting down. I would buy more today if I hadn't blew the rest of my load on more CAKE.

30$ looks like a base price. hopefully it recovers sooner than later.

wanted to dip in the 4000% of wBNB