Investing General Discussion

hory

hory

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People are concerned china will own the mining capability. Items on the "list" would hurt next gen miner production.
 
S

superstraight

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Wasn't bitcoin 110k like a couple weeks ago?

Man, people have gotten far too comfortable with this bull run. SPY drops 20 points after a massive run and the sky is falling. lol..
 
Rangoth

Rangoth

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I don’t think sky is falling, but losing a month gains in a single day is noteworthy at the least. I think will be like before and some counter-tweet in the next 2 weeks will correct it, but I guess we’ll find out
 
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Sanrith Descartes

Sanrith Descartes

Its all the Joos' fault. Am I doing this right?
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Rangoth said:
I but losing a month gains in a single day is noteworthy at the least.
Click to expand...
first time GIF
 
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Jysin

Jysin

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superstraight said:
Wasn't bitcoin 110k like a couple weeks ago?

Man, people have gotten far too comfortable with this bull run. SPY drops 20 points after a massive run and the sky is falling. lol..
Click to expand...
It isnt so much about recent 110k, as much as it is the technical look. (And to a greater extent, the "store of value" thesis for me).
We have effectively triple top rejected 125k.

1760163279862.png



And the store of value / inflation hedge hasn't correlated whatsoever. It has effectively been an early indicator of bullish momentum. It has been leading equity pullbacks / breakouts. Just another speculative investment vehicle for the bull market.

Meanwhile, the Gold chart over the same time period:

1760163642629.png
 
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TJT

TJT

Mr. Poopybutthole
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Damn, I should pay more attention to Gold/Silver and stuff. I've always avoided bullion.
 
Foler

Asshat Foler

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This is spicy. I thought the original trump tariff dip was panning out to be a once in a lifetime buying opportunity. I’ve buffered my “ammo” for another trump dip and it looks like we may get it. However, not really sure what I’m eyeing to buy.. Unless NVDA goes down 30% I’m probably not interested. I’ll be looking at AVGO, AMD, and TSLA I guess. Also I added PL to my portfolio over the past 2 days. This is my second space stonk that I’m banking on.
 
Rangoth

Rangoth

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I suppose any solid company heavily hurt by poor relationshi with China, if you believe the political US/China climate will eventually reduce in tension, they tend to go right back to where they were. Big risk/big reward I guess.
 
Sanrith Descartes

Sanrith Descartes

Its all the Joos' fault. Am I doing this right?
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Jysin said:
It isnt so much about recent 110k, as much as it is the technical look. (And to a greater extent, the "store of value" thesis for me).
We have effectively triple top rejected 125k.

View attachment 605261


And the store of value / inflation hedge hasn't correlated whatsoever. It has effectively been an early indicator of bullish momentum. It has been leading equity pullbacks / breakouts. Just another speculative investment vehicle for the bull market.

Meanwhile, the Gold chart over the same time period:

View attachment 605263
Click to expand...
BTC is the grandest meme stock the world has ever known.
 
TJT

TJT

Mr. Poopybutthole
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I'm still very much in the green with all the crypto I have but this does communicate to me that getting into some Silver or Gold might be a good idea.

RIP leveraged crypto retards though.
 
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Synj

Synj

Dystopian Dreamer
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Jysin said:
It isnt so much about recent 110k, as much as it is the technical look. (And to a greater extent, the "store of value" thesis for me).
We have effectively triple top rejected 125k.

View attachment 605261


And the store of value / inflation hedge hasn't correlated whatsoever. It has effectively been an early indicator of bullish momentum. It has been leading equity pullbacks / breakouts. Just another speculative investment vehicle for the bull market.

Meanwhile, the Gold chart over the same time period:

View attachment 605263
Click to expand...

2020 Purchases:
CC3877F4-1A93-4E86-AA36-428453AF419A.jpeg
 
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Lightning Lord Rule

Il_Duce Lightning Lord Rule

Lightning Fast
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Jysin said:
It isnt so much about recent 110k, as much as it is the technical look. (And to a greater extent, the "store of value" thesis for me).
We have effectively triple top rejected 125k.

View attachment 605261


And the store of value / inflation hedge hasn't correlated whatsoever. It has effectively been an early indicator of bullish momentum. It has been leading equity pullbacks / breakouts. Just another speculative investment vehicle for the bull market.
Click to expand...
This has been my thesis as well for the last 18 months or so. The time delay on the leading indicator aspect is the hard part to gauge, but it's there.
 
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D

Dalren

Trakanon Raider
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Jysin said:
It isnt so much about recent 110k, as much as it is the technical look. (And to a greater extent, the "store of value" thesis for me).
We have effectively triple top rejected 125k.

View attachment 605261


And the store of value / inflation hedge hasn't correlated whatsoever. It has effectively been an early indicator of bullish momentum. It has been leading equity pullbacks / breakouts. Just another speculative investment vehicle for the bull market.

Meanwhile, the Gold chart over the same time period:

View attachment 605263
Click to expand...

To be a little more fair in this comparison, you really need to zoom out and look at the bull run between the two, bitcoin has made the majority of its move already. It's like this when you zoom out:
1760207752602.png


I do think we are nearing the final stretch for bitcoin this cycle unless the cycle extends and breaks with how it has behaved in the past (Regardless of cycle extension i do think bitcoin has 1 more pump left to go). Gold could keep soaring who knows. But now is when you start planning your exits for bitcoin.
 
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