I was talking a trade somewhere along the lines of buy at $28K sell at $31.
What a great idea, let's all give China control of our money and transactions by using their commie blockchain. What could go wrong?
BTW, if you think BTC may pop, perhaps you would look for a multiplier to trade? Miner or other crypto stock.
I totally agree that China’s BSN is dead in the water from a global perspective. But, if Silicon Valley (or IBM?) isn’t all over this we will fall behind the rest of the world in blockchain tech. The main point though is that blockchain does NOT need cryptocurrency, which is something you won’t hear from hodlers. BTCers pump the blockchain tech as part of the ecosystem but it’s just another false narrative. The tech doesn’t need crypto.What a great idea, let's all give China control of our money and transactions by using their commie blockchain. What could go wrong?
Ya, we still buy a ton of stuff from China, so I didn't want to say something like "the evermore isolationist Chinese" but I'm doubting that the world is looking to use chinese technology as the financial super highway.What a great idea, let's all give China control of our money and transactions by using their commie blockchain. What could go wrong?
I think both are in trouble from an investment stand-point. Watch some of the documentaries on the GME and meme stock phenomenon and those retail traders were plowing money into Tesla for no reason other than they worship Musk. Now they are out of money. One of the biggest issues other than inflation right now is that without stimulus checks there is a lack of money entering the market.
As a Block shareholder (and deep in the red), they better be working on a U.S.-based BSN!
I don’t disagree that IBM blockchain prob ain’t the answer. But it’s easy to see why the whole crytpo/miners nonsense as it relates to blockchain tech could be the next crypto narrative to collapse.
3600 but it might go lower till they stop increasing interest rate and inflation under control. The pain is going to squeeze people out of the stock market but not T2K.
Let's see if it holds the lows from Thursday. 3860ish I believe.
I’m 85% in cash after selling yesterday waiting for my entrance point. I’m thinking there‘s no quick rebound this time and it might be a couple of years. I said in the past when 2-5 years treasury get to 4%, 30-40% assets will go there. Plenty of people thinking like me.
Yes, if it happens great if not I’m trading. Brought some AMZN today after selling it yesterday and some UNH. It’s dangerous out there. Sell on the rebound and buy on the BIG dips.
Why the short duration? I’m waiting for yield too but looking for much longer duration in the 5,5% and up range.
I think after 5 years or so, the market might get back to the 8-10% return. I guess some of it, 10-20%, will get the the 10 years if it gets to 5%.
Fine line between gambling and investing. Being balance means you can never be wrong.
No and yes, I was only up to 25% stocks after purchasing them the last few weeks before I realized that the market going lower and sold mainly AMZN, GOOG and AAPL. So I went from 25% stock down to 15% stocks yesterday. I think AMZN and AAPL going further down. AMZN going to trade between $1,900-$2,300.
I stopped going to the casinos about 3 years ago. I went about a month ago and was playing poker and I caught covid. I recovered but I might have long covid, body aches and little energy like I aged 5-10 years.
Good timing! Just completed an across the board buy for our E-Trade account. Bought all 8 ETFs, extra money going to growth and tech.
Our final CD matures in early June (the other 2 matured early in the year)! Don't need more cash at this time, so I may have some bonus ammo to play with. This one is the biggest of them all.
I would love to hear your explanation on why you don’t think blockchain doesn’t need coins/tokens.
Read the article - what does mining a BTC ultimately have to do with the blockchain? Non-crypto blockchains are the future especially in cloud environments without the risky and volatile nature of digital currencies.
Unfortunately, I didn’t sell (didn’t want to pay taxes) and worst, no shorts. I am trying to find opportunities. I think fixed income will be the better place in the near term. Stock market will trade sideways for the foreseeable future.I smell chicken littles and fear.
Selling and paying taxes blows. It's not complicated, if you don't need the money for at least a few years, you should be seriously buying during such downturns. You will make huge returns.