OT: Lets talk about stocks (Part 2)

[BehindTheTimes]

Weren't you the one who said during spring that bitcoin would get to 100K$+ for sure before the end of summer?

Nope, but I was the one that said 120k + by the end of 2021. My prediction hasn’t changed.

 

[BehindTheTimes]

I’ve started dabbling in alt coins a bit more the past month. I have been trading superfarm through Binance. I have made 7-8 trades that profited huge gains in 3-4weeks. To the tune of about 60%. Life is great. I expected a major correction on the stock market by now. Figuring the evergrande debacle would have a cascading effect. They seem to have avoided that for now, but I’m not sure how long it will last.

Anyone have any thoughts on how the crypto space will be impacted by a major correction if one were to occur?

 

[Hope Of Glory]

Nope, but I was the one that said 120k + by the end of 2021. My prediction hasn’t changed.

We'll see. I have some bitcoins ETF so I definitely wouldn't complain but what are you basing that number on?

 

[llamateizer]

I’ve started dabbling in alt coins a bit more the past month. I have been trading superfarm through Binance. I have made 7-8 trades that profited huge gains in 3-4weeks. To the tune of about 60%. Life is great. I expected a major correction on the stock market by now. Figuring the evergrande debacle would have a cascading effect. They seem to have avoided that for now, but I’m not sure how long it will last.

Anyone have any thoughts on how the crypto space will be impacted by a major correction if one were to occur?

Crypto is still affected by the stock market. If there is a major correction, Crypto will follow.

I'm trying to get out from alt coin. I'm doing really small alt coin trades for fun.


HUT8 is still doing great. sadly that I sold out some portion (but sent to BTCC)

We'll see. I have some bitcoins ETF so I definitely wouldn't complain but what are you basing that number on?

it's following the stock to flow model. This guy is the creator of it.
he got last 2 months perfectly and is aligned for 63k

 

[QuebecPride]

I’ve started dabbling in alt coins a bit more the past month. I have been trading superfarm through Binance. I have made 7-8 trades that profited huge gains in 3-4weeks. To the tune of about 60%. Life is great. I expected a major correction on the stock market by now. Figuring the evergrande debacle would have a cascading effect. They seem to have avoided that for now, but I’m not sure how long it will last.

Anyone have any thoughts on how the crypto space will be impacted by a major correction if one were to occur?

The best hypothesis for how Crypto will be impacted if there's a major correction in the public markets is to look at the prices in March 2020. Everything crashed, stocks, bonds cryptos etc.

 

[ORRFForever]

Utility stocks have been trailing the market for a long time.

Did Rogers just <bleep> the bed with their earnings because the stock is down almost 9% in a week?

 

[QuebecPride]

Utility stocks have been trailing the market for a long time.

Did Rogers just <bleep> the bed with their earnings because the stock is down almost 9% in a week?

I think it's more a governance issue, with one member of the family trying to take-over the Board.

 

[ORRFForever]

I think it's more a governance issue, with one member of the family trying to take-over the Board.

Fair enough. Thanks!

I don't own a lot of Rogers. Just enough to notice it has dropped.

 

[SOLR]

I’ve started dabbling in alt coins a bit more the past month. I have been trading superfarm through Binance. I have made 7-8 trades that profited huge gains in 3-4weeks. To the tune of about 60%. Life is great. I expected a major correction on the stock market by now. Figuring the evergrande debacle would have a cascading effect. They seem to have avoided that for now, but I’m not sure how long it will last.

Anyone have any thoughts on how the crypto space will be impacted by a major correction if one were to occur?

There will be a huge correction in the crypto space. (look at March 2020)

 

[SOLR]

Utility stocks have been trailing the market for a long time.

Did Rogers just <bleep> the bed with their earnings because the stock is down almost 9% in a week?

Board infighting.

 

[ORRFForever]

Board infighting.

Thanks!

 

[Hope Of Glory]

Crypto is still affected by the stock market. If there is a major correction, Crypto will follow.

I'm trying to get out from alt coin. I'm doing really small alt coin trades for fun.


HUT8 is still doing great. sadly that I sold out some portion (but sent to BTCC)







it's following the stock to flow model. This guy is the creator of it.
he got last 2 months perfectly and is aligned for 63k

So basically technical analysis but for crypto? His twitter feed is... interesting to put it nicely

I'll be happy if he's right but I wouldn't trust that guy, personally.

 

[BehindTheTimes]

Crypto is still affected by the stock market. If there is a major correction, Crypto will follow.

I'm trying to get out from alt coin. I'm doing really small alt coin trades for fun.


HUT8 is still doing great. sadly that I sold out some portion (but sent to BTCC)







it's following the stock to flow model. This guy is the creator of it.
he got last 2 months perfectly and is aligned for 63k

PlanB is an excellent source. I also follow Willy woo and Michael Saylor, but yes, a lot of what I base that projection on is PlanB’s stock to flow model.

 

[BehindTheTimes]

The best hypothesis for how Crypto will be impacted if there's a major correction in the public markets is to look at the prices in March 2020. Everything crashed, stocks, bonds cryptos etc.

Yes and then crypto proceeded to go on a huge bull run thereafter. It will be volatile and there will be corrections, but trying to time the market with btc is not something I get too involved with. I continue to DCA. I’m not concerned in the least. If a major correction happens then I’ll just use it as a buying opportunity.

I believe ppl will want to protect/invest their money somewhere and I believe that space will be crypto. I actually think a correction may be good for crypto long term.

 

[QuebecPride]

Yes and then crypto proceeded to go on a huge bull run thereafter. It will be volatile and there will be corrections, but trying to time the market with btc is not something I get too involved with. I continue to DCA. I’m not concerned in the least. If a major correction happens then I’ll just use it as a buying opportunity.

I believe ppl will want to protect/invest their money somewhere and I believe that space will be crypto. I actually think a correction may be good for crypto long term.

That's not different than the stock market, historically...

Of course the returns are not on the same magnitude nor the same time frame. But you asked how it would react, and I answered

A public market crash is 30% at least. For bitcoin, that happens 3 times a year. Very different risk profiles.

 

[BehindTheTimes]

That's not different than the stock market, historically...

Of course the returns are not on the same magnitude nor the same time frame. But you asked how it would react, and I answered

A public market crash is 30% at least. For bitcoin, that happens 3 times a year. Very different risk profiles.

For sure, but I think people/institutions will be looking for a hedge against inflation. We haven’t seen the worst of it yet, supply chain shortages etc. shit may get ugly before it gets better, but I think we see more and more flock to crypto. For all the volatility in crypto, no one loses money if this just buy and hold over the long haul, at least not yet.

 

[Scintillating10]

I’ve started dabbling in alt coins a bit more the past month. I have been trading superfarm through Binance. I have made 7-8 trades that profited huge gains in 3-4weeks. To the tune of about 60%. Life is great. I expected a major correction on the stock market by now. Figuring the evergrande debacle would have a cascading effect. They seem to have avoided that for now, but I’m not sure how long it will last.

Anyone have any thoughts on how the crypto space will be impacted by a major correction if one were to occur?

Catgirl up 9200% in last 30 days.

 

[Scintillating10]

Board infighting.

Is this good time to buy Rogers? This latest feud will blow over eventually

 

[SOLR]

Is this good time to buy Rogers? This latest feud will blow over eventually

Might be yes - however it could also lead to the merger with Shaw to fail if all of this goes to court etc.

 

[QuebecPride]

For sure, but I think people/institutions will be looking for a hedge against inflation. We haven’t seen the worst of it yet, supply chain shortages etc. shit may get ugly before it gets better, but I think we see more and more flock to crypto. For all the volatility in crypto, no one loses money if this just buy and hold over the long haul, at least not yet.

Stocks are a great hedge against inflation too. The best stocks are the ones who manage to pass inflation to their customers/clients. Of course, the stocks with low margins will be affected by the rise in salaries (grocery stores, restaurants, etc.).

 

[BehindTheTimes]

Stocks are a great hedge against inflation too. The best stocks are the ones who manage to pass inflation to their customers/clients. Of course, the stocks with low margins will be affected by the rise in salaries (grocery stores, restaurants, etc.).

For sure.

 

[LyricalLyricist]

Suncor cut dividends during pandemic. They just announced they’re doubling it back. I don’t think many here are in Suncor but this is great news.

The oil price surge might result in huge dividend increases over next few years.

 

[QuebecPride]

Suncor cut dividends during pandemic. They just announced they’re doubling it back. I don’t think many here are in Suncor but this is great news.

The oil price surge might result in huge dividend increases over next few years.

If it lasts, sure, but as we both know oil prices are quite volatile.

 

[Maliki2]

SHIB to the moon!!!!

 

[Scintillating10]

Suncor cut dividends during pandemic. They just announced they’re doubling it back. I don’t think many here are in Suncor but this is great news.

The oil price surge might result in huge dividend increases over next few years.

Financials don't look good. EPS .80 cents, Yield 2.82%