Funny reading this bc it seems that when people are scared os the best time to buy
OT: Stock and Investment Thread
- Thread starter RU05
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Still sounds like the definition of “crumbs” if that’s the worldwide transaction numbers…
Stock market has been either going down or up by a lot on Wednesday and/or Thursday and then going the other direction by Friday. This is resulting in relatively easy buys of options of high beta indices (TQQQ, SOXL etc). The option prices plummet by Thursday afternoon and then rebound massively by Friday.
Like I said, go ask a bunch of people you consider mainstream. Most of them won’t even know what DeFi means. It has nothing to do with fear and everything to do with utility.
This is true when you’re pretty certain you know what you’re buying is worth, and that the offered price is well below said value. So, how do you tell what it’s worth? Take BTC. What’s a range of fair value, and how do you come to that range?
The big issue with Solana is the lack of stability and security. They sacrificed decentralization for speed and it hasn't paid off. Cardano is much more advanced at this stage, but also years behind ETH.
S&P oscillator hit its lowest level of 2022 last night.....-8.25. Crazy low that screams oversold. In that light, today makes perfect sense.
Do you use the oscillator for trading?
No judgment, but honest question- have you used either network for anything other than buying and holding the coin?
Very good question in general for trying to figure out a market value or what you believe is fair price to pay
I do generally use it as part of my technical analysis, but oscillators are not very useful in this market.
I was thinking the same. Not shocked per say, but there was a noticeable divergence.
I don't think BTC is dead, but I do think it could have significantly more downside then the NDX in the near to midterm.
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$30k isn’t a significant level for btc, so it’s kinda arbitrary in this regard. That said, the rest of your post makes a lot of sense, Luna nonsense aside. I’m the kind of investor you are taking about. I bought Amazon, Google, Microsoft, Snowflake and Solana this week. A nice mix doesn’t hurt
There’s multiple perceived levels of resistance in the 30’s. Guess my point is being “shocked” it didn’t finish above 30 today isn’t a big deal. There were plenty of scenarios sending it much lower. It hanging near 30 right now isn’t a concern
It's pretty much at it's 18 month lows. Today it dropped as the overall market in general and the tech market more specifically bounced significantly. With no major catalyst on the horizon. How is this not a concern?
It was at $26,350 yesterday morning. It’s at $29,591 now. You can say it dropped “today” which is true and I can say it’s up more than the overall market since “yesterday” which is also true. Either way you twist it, being “shocked” it didn’t finish above 30 is hyperbole
I agree shocked is not the right word, but there was a noticeable divergence between the NDX and BTC today.
BTC set that new low $25 ish,, which in itself should be very concerning, then rebounded, but after regaining 30K it has now sank back below 30K.
It's 60ish% off it's highs set 6 months ago, 30% off it's monthly highs. It's down for the week. It's down over the past 24 hours.
Ok, we’ve met in the middle. I know it’s down, we all do. Was just pointing out its not shocking that it didn’t finish above 30. Both of us know there’s plenty of people that had it going to 18, 14, etc.
I'm of the mindset that it's going back to 17K. And then see what happens after that.
Thanks. But I‘m asking you - how do you determine the value and range for BTC.?
It’s interesting that nobody is talking about El Salvador, the only real currency use case/experiment. If the country defaults and it’s BTC currency strategy goes to Hell, that will trigger yet another negative BTC news cycle and erode confidence. What’s comical is the same day it was reported that El Salvador lost $40M on BTC and will likely default, the president tweeted about the “Bitcoin City” he wants to build at the base of a volcano and posted pics of him with a gold-painted scale model. I couldn’t make this **** up if I tried.
It all depends on what their native currency is doing (or would have been doing). That's the legit question at hand. Is BTC an improvement or not?
Lots of opportunities in such an emotionally oversold market:
IMPO, the selling is all technical or algorithms and the bounces are all emotionally triggered.
For you SOFI bulls on the board:
SoFi Technologies (SOFI) upgraded to a buy at Piper Sandler, says market now over-discounting the fintech company ahead of a “significant ramp” in earnings in the second half of 2022 and into 2023. Shares rallied more than 4% in the premarket.
SoFi Technologies (SOFI) upgraded to a buy at Piper Sandler, says market now over-discounting the fintech company ahead of a “significant ramp” in earnings in the second half of 2022 and into 2023. Shares rallied more than 4% in the premarket.
Yeah, now we are only down 46%.
Why? The stock is so cheap I can just buy the company. It’s one I have no business trading but was doing well looking at the range. Sold all of my position at 23 avg. bought all of it back at 13.Buy more SOFI on margin?
Recent interview with one of the best fund managers today:
We have a large position is his PRWCX fund (our only holding with some exposure to bonds/fixed income):
We have a large position is his PRWCX fund (our only holding with some exposure to bonds/fixed income):
I totally agree with his floating rate and short duration position on fixed income. I was never a big fixed income fan but as a retiree I want have enough cash or short term fixed income to weather any potential extended down market. Not that I expect one…
PRWCX is one of the best funds available today. Well, kind of available, since it is closed to new investors. I was thrilled to finally get access to it last year (as a T Rowe Price account holder with enough balance). We will continue to increase our allocation to this one as the years go on.
I think the expense ratio is 68. A bit high perhaps but certainly not 1.64,where are you seeing that? Not in the prospectus. I don’t mind paying for active management in FI, but I’d pay about 30 basis points with Vanguard but don’t have a problem with this fund. Everyone should make their own choices.
The i-shares option we have is 0.57% - TRAIX
Asset allocation funds are tricky to compare, but PRWCX (T Rowe's Capital Appreciation) and VWENX (Vanguard's Wellington) are in the same Morningstar category. 10 year returns:
PRWCX = 206%
VWENX = 145%
However, I'm sure VWENX is much more tax-effective since that's Vanguard's forte.