It's tied to Etherum, which looks to be the clear #2 in the crypto world, and Etherum looks to have benefits beyond just that of the coin itself.
Crypto as a whole is on fire. A lot of thought that this continues. So Hive is likely riding that wave.
OT: Stock and Investment Thread
- Thread starter RU05
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Crypto as a whole is on fire. A lot of thought that this continues. So Hive is likely riding that wave.
I’m not saying CW doesn’t believe in Tesla. I’m saying the sole purpose of today’s interview was to help stop Tesla’s recent slide. A downturn in Tesla will hurt her February performance which would not bode well for the recent $5B+ in-flows to her fund. If CW wanted air time she could have talked about Spotify or Invitae. But, she wouldn’t dare because those stocks only make up a fraction of her portfolio in comparison to Tesla. Unless there is a major trigger event, she’s basically locked into her Tesla position until she finds the next Tesla. At which point she will build up the new position while trimming her Tesla position.
I'm not actually in it, so you get the thunder and the money.
From early Sept to mid Nov TSLA was down almost 20%. She is not sweating this current move.
She is the current market superstar, the likes of CNBC want to have interviews with her. TSLA, a market superstar in it's own right, is her largest holding, of course she is going to talk about it.
People are trying to create a devious narrative on this one where one does not exist.
1. You're welcome!
2. I believe it can match RIOT's market cap without a problem. Right now, RIOT has 4 times the cap, so I can see HIVE getting up to $18-20 (and maybe more if RIOT keeps leading the way). FYI, same thing about ARGO Blockchain as well.
3. I'm not saying this will happen in the next month or two, but looking at BTC charts, this bull run may last through 2021.
Got in with HIVE at $1.75 and now it's just under $5.
So is ARGO. Some of the BTC chart "experts" believe this bull run will last throughout the entire year. BTC has a crazy amount of momentum with institutions jumping in. Amazing to watch.
Guess I should disclose that I’m a CFA so none of you sue me later.
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If bitcoin follows its historical pattern after each halving, then the bull run will last 12-18 months after the halving (5/20) which would take it to the end of 2021. That's my target date to get out though I probably will sell bits along the way.
That’s actually where I think Roaring Kitty screwed up. If he did portray himself as just another guy trying to make a buck in the stock market (and screw Wall Street in the process) I think he’s got a problem. His credentials and experience in the financial services industry are going to haunt him in litigation. He’ll burn through his GME money real fast on legal fees. And, he doesn’t have the deep pockets like the hedge funds he burned. He better hope the movie rights are worth something or he’ll need a gofundme page soon.
I'm staying in for the early 2024 halving! And maybe more, we shall see. Hoping I can pick up some more along the way.
Historical bitcoin halving dates
| Halving | Date | Mined in period |
|---|---|---|
| Halving 1 | 28 November 2012 | 5,250,000 |
| Halving 2 | 9 July 2016 | 2,625,000 |
| Halving 3 | Expected May 2020 | 1,312,500 |
| Halving 4 | Expected 2024 | 656,250 |
Go look at the charts of previous halvings. There are serious retracements after 12-18 months so it might be wise to lighten your holdings and buy the big dip if you're in for the long term.
It is downright scary what I am reading. Very few people are talking about companies generating income, with most of the discussion on momentum stocks that have crazy valuations and financial instruments that generate no cash flow. I don’t know when this ends, but when it does, it might be ugly. I got out a little early in the late 90’s but avoided the disaster. i did the same in the mid 2000‘s and avoided another disaster. This correction might not be as bad as the dot.com bubble, but I am too close to retirement to be “gambling“ at these valuations. i am keeping a lot of cash, with VZ (13 P/E And 4.4% dividend) as my largest holding. I have a diversified portfolio (KR, T, HD, LOW, BMY, UTHR, MRK, XOM, ZTS, AFL, COST, GIS, WRK, GILD, PG, JNJ, MMM, WM, UPS, F, CSCO, INTC, AAPL, HLT, AA, PYPL, PLTR, etc. as well as a few speculative stocks). All these stocks will go down in a correction, but many of these companies have very solid balance sheets, and will fair better in a correction. I am far from an expert, but I have been around long enough to see some co-workers deal with a lot of pain, including people coming back from retirement. If you’re young, you will most likely be fine.....keep this in mind, the S&P was lower in 2011, than it was in 2001.....ten years later (and 30+% lower in 2009 versus eight years earlier). Don’t get me wrong, investing is a good thing, just be aware of the risks. And that “CASH FLOW IS KING”.
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I'm not seeing any movement in 2012. The halving in 2016 took a couple months for the market to catch on, as did the one this year. The one this year was preceded by a bounce off the covid floor ,and then it like all sorts of other stocks took off.
It also had a pretty sizable run in 2019 which was not associated with a halving.
Not sure about this correlation.
I mentioned VZ just this morning. Bought it yesterday. Me and @RUAldo had a pretty good back and forth recently on VZ vs T vs TMUS.
I talk often about GM as an inexpensive EV play, and it was the largest holding in my portfolio (until the very recent run by RIOT). Recently bought TM as well. Current p/e of 15x.
I know T2K is into all sorts of etf's and his crypto play is on his investment periphery.
Nut mentioned some great dividend plays, including HEQ, which is something I will likely add soon.
So we do have those discussions. I definitely think it is important to balance the portfolio, and I've been pulling profits from those runners to feed the longer term plays. But the story of the day is the high flyers. There is only so much I can talk about the lack of movement from WMT.
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Might have found a good momentum penny play. ESYL. Israeli company that jumped 133% today on 10x normal volume. "designs and markets plug-and-play external storage devices that expand the capacity of media system and transmit digital content to any television." Don't see any news.
OTC. .014 cents.
OTC. .014 cents.
+1 - the news of the day isn't about the slow and steady. It's about BTC and the high flyers! 99.5%+ of our investments are funds, ETFs, and indexes. I spend a lot of time researching and analyzing these to maximize our current returns and protect us against the next bear market. I'm not sure when it will happen, but since we have a 16-year time horizon, I'm sure we will deal with another 2 of them (at least).
As for our crypto/fun portfolio, it has been a blast. Not just watching it go up (and yes, I know it will go down as well), but also because I am learning about something new and exciting. And big thanks to some in this thread for encouraging me to check it out and jump in a bit.
I’m in violent agreement with you. There is so much speculation right now that it will not end well for many. I won’t escape a correction even with my moderate to slightly aggressive investment portfolio but at the same time will use those opportunities to buy blue-chips for the long term. I picked up some serious bargains last March. My biggest regret is not buying more aggressively but the market rebounded so quickly I didn’t get a chance.
Correction = buying opportunity
Did this in 2008/2009 and in early 2020. Made tons of money.
Isn't he a bond guy? Gee, even the slow and steady folks are falling in love with BTC.
I’m in WMT too for the conservative part of my portfolio. I still think it’s a long-term juggernaut.
Had it for 8 months and it's up 18% plus the dividend. Got any more duds for me?
Edited to add: And those figures are after the pre-market drop
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The chart says it is. I just happened to get in in Sept, thinking it could still be a mover as it transitioned more and more to digital, but as it turned out I missed that move. It's only been 6 months, so I'm being a bit dramatic. But when the overall portfolio is flying, I do want to see a little positive moment from my stability plays.
I'll stick with it though. Show some discipline.
18% in 8 months? I'm up that much in Feb.
Seriously though, see above. I know I'm being dramatic.
Companies like Walmart are not going pop like tech or innovation. This is something you should hold forever, unless something significantly changes or goes wrong with the company. It is a foundational company of our economy and society.
I'm up almost 4 times that in less than a month with my crypto portfolio!18% in 8 months? I'm up that much in Feb.
Seriously though, see above. I know I'm being dramatic.
Even more seriously, WMT has underperformed all 3 major indexes since June. Pretty substantially.
It's down about 8% since early Sept.
As it is, as T2 points, out a foundation company, I think this is prob a good time to get in (or stay in),but this thing has not performed well relative to the overall market.
It's down about 8% since early Sept.
As it is, as T2 points, out a foundation company, I think this is prob a good time to get in (or stay in),but this thing has not performed well relative to the overall market.
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WMT will be a market darling once we have a correction and speculative stocks implode. That doesn’t mean WMT will deliver the returns retail traders have gotten used to. But, the fact that Buffett recently bought VZ and Elliott Management got back into AT&T signals that Big Money is rotating into companies offering dividends and cash flow. There will be a major market rotation at some point. It’s just hard to predict when with more stimulus money coming.
When I bought it I was hoping for a "tech" pop. And it's digital sales do continue to increase, but I guess that move piggybacked the covid move.