Investing General Discussion

Lightning Lord Rule

Il_Duce Lightning Lord Rule

Lightning Fast
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Rangoth said:
As we all know nothing is guaranteed but that fact of never below the 50w line would be a trigger for me to buy calls. But other than ETFs on bitcoin I don’t really know how to do that directly and I have no desire to try and do so on some shady platform outside of IKBR/Fidelity
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MSTR is a decent but not perfect proxy for leveraged BTC.
 
Sanrith Descartes

Sanrith Descartes

Its all the Joos' fault. Am I doing this right?
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Lightning Lord Rule said:
I think it's both. I also saw an infographic thing recently (so 100% accurate!) that says boomers have like 40% of the wealth of the US still.

I also think that the gold and silver increases lately are because the price (really the markets) for these 2 have been heavily manipulated for a loooong time. Oil as well. Now the methods of manipulation are failing and prices are rising on these types of commodities/assets across the board. I think it's going to be a bumpy road to get there, but we get $10K gold, $100 silver, and $200K BTC within 18 months.

Also check out copper and platinum and some of the rare earths for trading opportunities.
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I looked it up. Intarwebs is saying its still 51% for boomer wealth.
 
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Jysin

Jysin

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Synj said:
Still think it’s time to exit crypto?
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I’m not a big crypto investor, nor have I ever said head for the exits. I make my money comfortably in equities. No need for the risk. That said, Bitcoin has had some technical setups that I respect. Its adoption is too big to ignore. But I have simply traded it as a swing opportunity as a technical setup like any other momentum stock. My last trade was the $75-80 range and sold 110-120.

I don’t see any big conviction setup here. Wake me up when it convincingly breaks the 125 triple top.

Alt coins and margin led to this weekend’s bloodbath. Bitcoin was a (albeit quick) simple correction in the scheme of things.
 
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Fucker

Fucker

Log Wizard
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Rangoth

Rangoth

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Lightning Lord Rule said:
MSTR is a decent but not perfect proxy for leveraged BTC.
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I have wheeled that a few times, think I even posted it, but it tends to be a bit meme style for me, or at least it was. It's mNAV has been dropping solidly for quite some time so before I go in for real or long term on that I am waiting to see how it flushes out. My best "true bitcoin" exposure outside of actual bitcoin has been FBTC/BITO. Both are up big and both are long term holds. FBTC for the close as can be exposure to bitcoin and BITO for the monthly dividend which has been significant without major nav erosion.
 
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Sanrith Descartes

Sanrith Descartes

Its all the Joos' fault. Am I doing this right?
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Gold and silver mooning. The gubmint taking stakes in companies. MP, a former SPAC, mining in a location that has never once succeeded in multiple previous iterations is close to $100 a share. PEs stretched to pretty high levels. Indexes making all time highs. The dollar continuing to be debased. $37 trillion in US debt and we continue to spend more every day with zero Governmental plan to address the debt. Vast majority of budgeted US spending is on autopilot and doesn't need to be "reauthorized". And the Fannie/Freddy thing on the horizon.

Not making any sort of prediction. Just showing some of the variables that are currently in play. Happy Monday.
 
Jysin

Jysin

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Quantum insanity continues. This is setting up for a mega short at some point. This was $1 stock at the start of the year.

RGTI CEO himself: "The company remains in "technology development mode," with CEO Subodh Kulkarni stating it's too early for meaningful sales growth or profitability, potentially years or decades away from commercial viability."

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Khane

Khane

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RGTI was around $20 at the beginning of the year and dipped down to under $8 at one point but yes, lots of insane price action in that sector this last month
 
Furry

Furry

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Quantum computing is a scam atm. It provides no power to compute anything other than random noise, and there's no legitimate pathway forward to changing that in any of the scientific journals I've read. It's 100% hype, but hype can propel stocks for quite a while, so I offer no opinion on what the stock's performance will be.
 
Jysin

Jysin

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Furry said:
Quantum computing is a scam atm. It provides no power to compute anything other than random noise, and there's no legitimate pathway forward to changing that in any of the scientific journals I've read. It's 100% hype, but hype can propel stocks for quite a while, so I offer no opinion on what the stock's performance will be.
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Just listen to the CEO himself:

The company remains in "technology development mode," with CEO Subodh Kulkarni stating it's too early for meaningful sales growth or profitability, potentially years or decades away from commercial viability.
 
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Furry

Furry

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Jysin said:
Just listen to the CEO himself:

The company remains in "technology development mode," with CEO Subodh Kulkarni stating it's too early for meaningful sales growth or profitability, potentially years or decades away from commercial viability.
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His estimation of decades is overly optimistic.
 
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