Investing General Discussion

Il_Duce Lightning Lord Rule

Lightning Fast
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I took my FBTC at 87k. Much bigger buy if we get to 75k
I believe the big support levels are 77K and 63K or thereabouts. IE: we at least get to 77K but it could panic sell all the way down to 63K.

I'm going nearly all in if/when it gets to those points.
 

Blazin

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"What humans couldn't..."

the big short GIF
its kind of lol because this EXACT argument has been made for almost two years by just about every NVDA bear I have ever read.

It goes further back in that back during the selling gpu's for mining days again people said the same thing that NVDA was playing games with recognized revenue.
 
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Sanrith Descartes

I was forced to self-deport from the /pol thread
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its kind of lol because this EXACT argument has been made for almost two years by just about every NVDA bear I have ever read.

It goes further back in that back during the selling gpu's for mining days again people said the same thing that NVDA was playing games with recognized revenue.
They only have to be right once.
 

Blazin

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I believe the big support levels are 77K and 63K or thereabouts. IE: we at least get to 77K but it could panic sell all the way down to 63K.

I'm going nearly all in if/when it gets to those points.
That level should be sufficient for people to begin to question the entire idea of BTC which is the secret ingredient for a bottom
 
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Jysin

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its kind of lol because this EXACT argument has been made for almost two years by just about every NVDA bear I have ever read.

It goes further back in that back during the selling gpu's for mining days again people said the same thing that NVDA was playing games with recognized revenue.
I was pretty bearish on NVDA prior to the AI hype train. We were coming out of covid lockdowns, everyone had updated GPUs for PCs on stimmy money (prolonged a future purchase cycle). Tech was selling off into 2022 and Bitcoin miners were vanishing following the Bitcoin price collapse. I saw no catalyst for it going forwards. (For reference, NVDA was down to $10.81 per share in today's prices in October 2022 lows. Shortly after, we came out of the tech bear market and ChatGPT hit the market.

If only we could have forseen that move. Crazy stuff.
 
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Blazin

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I was pretty bearish on NVDA prior to the AI hype train. We were coming out of covid lockdowns, everyone had updated GPUs for PCs on stimmy money (prolonged a future purchase cycle). Tech was selling off into 2022 and Bitcoin miners were vanishing following the Bitcoin price collapse. I saw no catalyst for it going forwards. (For reference, NVDA was down to $10.81 per share in today's prices in October 2022 lows. Shortly after, we came out of the tech bear market and ChatGPT hit the market.

If only we could have forseen that move. Crazy stuff.
To add to our shame Jim Cramer saw it
 
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Jysin

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S&P -5.2% from highs.

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QQQ -7.8% from highs and into the Oct lows as well as it's 100D MA.

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