i made decent in cryptoshit but havenât cashed out heh! not a janitor, though.
I am planning to get off of nvidia, even though i keep hearing itâs still hard to find any gpu for sale - they sell out immediately, which is probably bullish. I still tihnk itâs good company, but i have better stuff i think to invest in.
Shitcoins are ok if you are just gambling. But going for a home run to retire at 30 will be a financial tsunami that will be hard on young investors that have already been traumatized by the great recession
i guess thatâs fair point, but part of nvidiaâs valuation is built on cryptocurrencies. I cannot guess exactly whatâd happen to nvidia stock if bitcoin crashes.
Donât you think it would only crash if the entire stock market crash?
Or you think a bitcoin crash wonât coincide with stock market crash? If so, please share your thought
Read a recent article (too lazy to search again) that many retail investors (newly open accounts) are jumping in.
If stock market crashes, bitcoin is likely to crash, but it might also go the other way where people buy into bitcoin to escape the crash. Cantâ say.
However, bitcoin has other reasons to crash. Government raid on exchanges, regulations by governments, tether failing miserably as it should are some reasons it could drop > 50% (my personal uneducated guess is 80-90%).
Bitcoin is doomed. All the crypto fans are moving on. I see this as everyone looking for the latest hot stock. Once one has had its run like bitcoin it will be left in the dustbin of history. Key is find the latest fad ride it hard and drop it fast⌠kind of like flipping houses in crappy neighborhoods
âBitfinex has repeatedly promised investors it would produce a full audit of its books to prove it has US dollars on deposit to calm fears, but no audit has taken place.
Over the weekend, Bitfinex confirmed speculation it had severed ties with its auditor, Friedman LLP, which had earlier scrubbed all references to Bitfinex from its website. âWe confirm that the relationship with Friedman is dissolved,â a spokesman told industry website CoinDesk.â
That seems legit. Iâm sure thereâs no reason to worry.
My guesstimate is that the market will continue up through Q1 2019 driven by improved EPS from the tax cuts. Itâs a WAG whatâs going to happen once the effects of the tax cuts wear off for favorable year over year compares. Unless the corporate cuts drive sufficient investment to keep this thing going, I expect we are likely to stall out in 2019 and be in a recession by end 2019 or 2020.
The corporate tax cuts are genius. Itâs allowing companies to increase pay without increasing prices or cutting costs elsewhere. That means we wonât get the normal inflation from the increased wages.
Increasing wages without inflation is a true increase in the standard of living. Itâs what most people miss about why minimum wage increases donât increase the standard of living. Thereâs no cost offset for the business, so they have to increase prices. Inflation eats up the wage increase. The tax cut makes it so companies have another expense decreasing.
Cybersecurity stocks, PANW and SPLK, are showing relative strength.
Is critical to growth of IoT (UBNT, IRBT), cloud computing (NTNX) and e-commerce (SHOP, VEEV).
Not low enough for me to BTFD these cybersecurity stocks.
UBNT and SHOP didnât touch 50-day SMA too.
Thinking aloud: May be UBNT, SHOP, PANW and SPLK are worth accumulating if it touches 50-day SMA Best to wait until their earnings are over.
ZEN was in the original list. They are now cash flow positive, and itâs been heading higher. I might need to take a look again.
Brinks popped on my negative stock screen. Thatâs interesting. It makes sense if society is going more and more cashless with electronic payments, then why do we need armored trucks transferring cash around?