OT: Stock and Investment Thread
- Thread starter RU05
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Just remember how long we have been hearing the BTC to $500K+ nonsense…sure anything is possible especially with Trump making millions on meme coins, but crypto is just another way to gamble until it proves otherwise. Which is fine.
It wasn’t that long ago you would have (and did) say the same thing about $100k “bitcoin nonsense.” This thread was littered with laughing at 100k predictions. It took about 4 years to go from 10-100. Give it some time to get to 500
Nat gas looking good as well+1
My SLB play is turning out to be poorly timed! LOL.
In happier news, GLD is ripping again.
Or at least my eqt is
BTC may or may not get to $500,000. If it has enough scarcity value, then it may get there. However, commercials that depict BTC as a replacement to the current currency particularly the dollar is laughable. To be taken as a serious currency, we need stability. Saying that BTC is going to $500,000 at some point but may first drop to $50,000-60,000 is the exact opposite of stability. Can't have BTC be volatile and replace dollar at the same time. The crypto folks need to choose a narrative that either BTC is going up infinitely due to scarcity value or it will replace the dollar/currency ad become stable. Can't have it both ways.
It all depends who, where and when as to it being a store of value or a currency alternative. Some shlub in a third world country where inflation is running at 50% isn't holding BTC as a store of value but as a more stable currency despite its volatility.
I’m not making the argument for Bitcoin replacing gold or the dollar, but gold was both speculative and volatile before its adoption as a monetary standard. No one needs to pick a narrative, it can develop over time.
If you like Taylor Sheridan's work then you will love it. It's far fetched and cheesy at times but it's an enjoyable watch.
Depends where. I read $47 for some but $62 in the Permian Basin to make it worth drilling new wells.
At current prices they are not going to drill baby drill and they are going to layoff staff.
I don’t think I ever said it wouldn’t hit $100K (may be I did?). You pulled my comment “I’m still waiting…” which as you said it took several years after the prognosticators had predicted. Cathy Woods nonsense is like me saying the S&P is going to hit 8000 in 2026 and then when it finally hits that level in 2030 I’m all of a sudden correct? Keep in mind there are/were people saying BTC $200K…$500K… in 2025. In the meantime, we all saw how BTC performed in the face of a crisis. BTC went down just like stocks and yet gold once again proved its value.
It's a tough situation. Prices are low because OPEC is flooding the market. Meaning, the US is not oil independent. The Drill Baby Drill crowd had 2 goals. 1 is for lower prices, and the other is for US oil independence. Not sure we can achieve both without fundamental changes to oil production and sales because OPEC can manipulate the market.
Not necessarily. It depends on how it is defined. The oil produced in the US is sold on the global market. OPEC can impact our production, costs and labor.
But according to the oil person I have been following we stop being independent once they bankrupt the US oil industry. He claims they did that during the first Trump administration and from when I first started following him, he claimed it was going to happen again.
I rarely see people who put price predictions down to a month or year related to bitcoin. You have probably 50 posts talking about bitcoin’s 100k predictions not coming true. Just pointing out that there’s a good chance they’ll age as well as the 500k comment you made earlier. Don’t put such narrow time frames on these things.
I believe the general rule of thumb is that oil needs to be above $60/barrel for US production to be profitable. So expect a slowdown in production across the US. This will drive oil prices up. Unless, of course, our "friends" in OPEC and Russia decide to flood the market with cheap oil and gain market share.
I'm not sure the Drill Baby Drill folks ever wanted lower prices. They do want energy independence, but also want elevated oil prices.
I could be wrong, but I’m pretty sure the whole “drill baby drill” thing was more around eliminating environmental red tape around when and how reserves could be tapped rather than going full bore and actually flooding the market with US oil.
PLTR with a beat and raise, but down. Just too damn expensive.
BRK-B ...
YTD = +19.09%
5 Years = +188.11%
10 Years = +282.27%
And this is a "value" investment....
WB chose Greg Abel to be his successor. He mentored Abel. WB will stay on as chairman, helping see that the $347 Billion is invested smartly, when and only when good opportunities surface, at the right price.
I can tell you what he is not buying……..cryptocurrency
26x forward earnings is way overvalued! If you look at the 10-year Shiller cape ratio BRK-B is in a massive bubble. It's like a bunch of tulips! Probably heading downwards another 30-40%.
Says the guy who touts BTC?26x forward earnings is way overvalued! If you look at the 10-year Shiller cape ratio BRK-B is in a massive bubble. It's like a bunch of tulips! Probably heading downwards another 30-40%.
BTC is a commodity, not a stock in a bubble like BRK. Just saying, I think you need to look into that 10-year CAPE ratio. I heard that is the best benchmark to use!Says the guy who touts BTC?
US oil production was on a steep incline throughout Trumps first term.....up until Covid.
Those companies went bankrupt because of Covid, not because of anything "they" did.
26x forward earnings is way overvalued! If you look at the 10-year Shiller cape ratio BRK-B is in a massive bubble. It's like a bunch of tulips! Probably heading downwards another 30-40%.
BRK-B closed at 512.15. Let's see how it does.
That’s the latest take on BTC. However, it has a high correlation with Nasdaq.BTC is a commodity, not a stock in a bubble like BRK. Just saying, I think you need to look into that 10-year CAPE ratio. I heard that is the best benchmark to use!
Typically defined as producing more the you consume
It is true we are never(hopefully) going to disengage from the world market and thus our companies will be affected by production from other countries.
But we do produce more then we consume and we produce more then any other country.
Oil popping today, up 2.5%. Dead cat? Time to short crude futures?
GLD continues to do what GLD does. These futures are like having a money tree.
It hasn’t been highly correlated to the nasdaq since 2022. It’s been ranging in the low to moderate trend since then.
