agip wrote:
Although that brings on some career risk
Stocks only go up
agip wrote:
Although that brings on some career risk
Stocks only go up
Prof. Racket wrote:
seattle prattle wrote:
Just curious, Igy, but why would you give bitcoin a second thought?
What's it matter to you?
Perma-bears are addicted to validation. They constantly seek out any horseh!t article or laughing stock pundit (Sven??? lmao) to justify their view points as the continuously get proven wrong year after year.
Inexperienced in life millennials constantly seek out get rich quick investments, thinking they have the inside track on the latest hipster idea. Funnily enough, they are all copying one anothe’s behavior.
Prof. Racket wrote:
agip wrote:
Although that brings on some career risk
Stocks only go up
Career risk can also result from client and asset shrinkage, as well as arbitration. Happened a lot in the aftermath of the Tech Bubble.
Meanwhile, the valuation benchmarks you use are simply the products of prior generations "inexperienced in life".
I submit that it is instead you who is inexperienced in current life, especially millennial life. And no, you can't get it second-hand, by associating with or observing millennials.
Also, the influence of Gen Z is increasing, and is actually driving some emerging consumer behavior, if not directly, than by proxy. Early-20-somethings are also sticking their toes into the markets.
Igy man, you're coming across like a bull-headed hero of his own life, desperately clinging to what you believe has served you well over the years. Maybe "the world" doesn't change at its very core, but neither do you, or anybody really, live at that very core. Your inflexibility does not serve you well, unless your goal is other than financial gain. People and populations change, the normative standards, attitudes, and beliefs change. As boomers rotate out of equities and then out of life itself, we will see a continued evolution of cultural investment qualities.
Yes there are manipulators, and yes there are suckers--but the way you act, you haven't earned the right to call them. Look at my bitcoin experience: not only have I been playing with house money for quite some time now, I have also taken decent profits, yet you disparage the vehicle of bitcoin, and those who use it. I have only gained, and have literally nothing to lose, and the gains have exceeded market gains during the same period. From where I sit, your position on the issue is not only irrelevant, it is ridiculous.
Facts, not bs.
Come on man, you can do better than regurgitating rubbish intended for mass consumption. IDK what kind of a life you've lived, but there sometimes comes a point in one's life during which one is an insider to an issue, and realizes that the public presentation and perception of that issue is carefully controlled, to further purposes other than those of the consumer of said presentation. I submit that almost the entire so-called "financial press" is just optics and PR, if not a downright scam. Forget about its specific content, and think about what the writer/publisher might be trying to accomplish. Think of all these articles you link to as the functional equivalent of non-GAAP accounting, against which you rail constantly.
You are either very clever, or the exact opposite. You are either a gamester, or a dud. Maybe you're just an oppositionally defiant airhead, and not even on the clever/dud continuum.
One thing's for sure, you have provided me some much-needed coffee-break diversion from my analysis of an arcane legal issue. Next time I think I'll surf Japanese prank videos on YT instead.
Prof. Racket wrote:
Perma-bears are addicted to validation. They constantly seek out any horseh!t article or laughing stock pundit (Sven??? lmao) to justify their view points as the continuously get proven wrong year after year.
Lol was gonna post the same thing.
Bitcoin down less than 14% from last weeks ATH (!) and now Iggy is gloating that he was right all along. Yet he hasn't proposed any reason why crypto would drop to 0 besides "it's a bubble"... all the while not grasping the reasons why crypto is attractive to the individual investor.
The big BTC whales at play are luring in leveraged traders on the way up. Check out Bybt Rekt, yesterday it was about $1B in liquidated leveraged plays. People are longing too hard on upswings.
You realize that as the situation of the world changes etc, people think about wealth life and investing in different ways than before. Right now with the inflation narrative, the geopolitical world on edge etc... people are risk-on to get a piece of the pie that many think is shrinking.
Prof. Racket wrote:
seattle prattle wrote:
Just curious, Igy, but why would you give bitcoin a second thought?
What's it matter to you?
Perma-bears are addicted to validation. They constantly seek out any horseh!t article or laughing stock pundit (Sven??? lmao) to justify their view points as the continuously get proven wrong year after year.
Igy is a sadistic wet rag. He takes joy in making others unhappy.
agip wrote:
Ghost of Igloi wrote:
Lucid Motors market cap exceeds Ford after 24% rally. At a $100 Billion market cap works out to $2 Billion per delivered vehicles. Thank the Fed.
there have been absurdly-priced stocks from the 17c on.
It's a feature of the stock exchange system. Or it's a bug. I dunno.
These are simply momentum plays,
It is a new electric vehicle company now coming to the market, and traders pick it up on momentum for a quick buck speculation.
Same as RIVN,
If it is over-valued, most investors don't really care because most don't plan on owning it that long,
I sold my RIVN early this morning, and while i could have made a lot more if I sold yesterday at the peak, I still made enough to make the trade worthwhile.
The takeaway is this: the market is made up of a lot of different parts. Don't confuse the obvious speculation plays with the broader market, and don't infer the health of the market (or economy, for that matter) based on a small pocket. If you do so, you will arrive at inaccurate conclusions and your 'modeling' will be flawed. To the extent that those inaccurate conclusions influence one's investing plan, they may very well find that things don't go as they would have hoped or expected.
Maseratl wrote:
Meanwhile, the valuation benchmarks you use are simply the products of prior generations "inexperienced in life".
I submit that it is instead you who is inexperienced in current life, especially millennial life. And no, you can't get it second-hand, by associating with or observing millennials.
Also, the influence of Gen Z is increasing, and is actually driving some emerging consumer behavior, if not directly, than by proxy. Early-20-somethings are also sticking their toes into the markets.
Igy man, you're coming across like a bull-headed hero of his own life, desperately clinging to what you believe has served you well over the years. Maybe "the world" doesn't change at its very core, but neither do you, or anybody really, live at that very core. Your inflexibility does not serve you well, unless your goal is other than financial gain. People and populations change, the normative standards, attitudes, and beliefs change. As boomers rotate out of equities and then out of life itself, we will see a continued evolution of cultural investment qualities.
Yes there are manipulators, and yes there are suckers--but the way you act, you haven't earned the right to call them. Look at my bitcoin experience: not only have I been playing with house money for quite some time now, I have also taken decent profits, yet you disparage the vehicle of bitcoin, and those who use it. I have only gained, and have literally nothing to lose, and the gains have exceeded market gains during the same period. From where I sit, your position on the issue is not only irrelevant, it is ridiculous.
Facts, not bs.
Come on man, you can do better than regurgitating rubbish intended for mass consumption. IDK what kind of a life you've lived, but there sometimes comes a point in one's life during which one is an insider to an issue, and realizes that the public presentation and perception of that issue is carefully controlled, to further purposes other than those of the consumer of said presentation. I submit that almost the entire so-called "financial press" is just optics and PR, if not a downright scam. Forget about its specific content, and think about what the writer/publisher might be trying to accomplish. Think of all these articles you link to as the functional equivalent of non-GAAP accounting, against which you rail constantly.
You are either very clever, or the exact opposite. You are either a gamester, or a dud. Maybe you're just an oppositionally defiant airhead, and not even on the clever/dud continuum.
One thing's for sure, you have provided me some much-needed coffee-break diversion from my analysis of an arcane legal issue. Next time I think I'll surf Japanese prank videos on YT instead.
I love you still Maserati. :-)
So is the crypto bell ringing?
ETFs are coming out daily to cash in on the craze
and the traditional death knell just happened. When a stadium is named after something, it's time to sell that something and run for the hills. A true historic phenomenon. Proven over ages.
https://www.latimes.com/business/story/2021-11-16/crypto-staples
seattle prattle wrote:
agip wrote:
there have been absurdly-priced stocks from the 17c on.
It's a feature of the stock exchange system. Or it's a bug. I dunno.
These are simply momentum plays,
It is a new electric vehicle company now coming to the market, and traders pick it up on momentum for a quick buck speculation.
Same as RIVN,
If it is over-valued, most investors don't really care because most don't plan on owning it that long,
I sold my RIVN early this morning, and while i could have made a lot more if I sold yesterday at the peak, I still made enough to make the trade worthwhile.
The takeaway is this: the market is made up of a lot of different parts. Don't confuse the obvious speculation plays with the broader market, and don't infer the health of the market (or economy, for that matter) based on a small pocket. If you do so, you will arrive at inaccurate conclusions and your 'modeling' will be flawed. To the extent that those inaccurate conclusions influence one's investing plan, they may very well find that things don't go as they would have hoped or expected.
Recent trading in EV stocks and crypto are clearly speculation. The fact that I point out the lack of fundamentals supporting them as investments just runs counter to the enthusiasm for such risk taking. It is not surprising I become the focus of ire for pointing out the obvious.
Johannes wrote:
Prof. Racket wrote:
Perma-bears are addicted to validation. They constantly seek out any horseh!t article or laughing stock pundit (Sven??? lmao) to justify their view points as the continuously get proven wrong year after year.
Igy is a sadistic wet rag. He takes joy in making others unhappy.
Funny coming from the guy that has registered and used over a half dozen handles to harass Igy.
Swaglord_the_realest_!69 wrote:
Prof. Racket wrote:
Perma-bears are addicted to validation. They constantly seek out any horseh!t article or laughing stock pundit (Sven??? lmao) to justify their view points as the continuously get proven wrong year after year.
Lol was gonna post the same thing.
Bitcoin down less than 14% from last weeks ATH (!) and now Iggy is gloating that he was right all along. Yet he hasn't proposed any reason why crypto would drop to 0 besides "it's a bubble"... all the while not grasping the reasons why crypto is attractive to the individual investor.
The big BTC whales at play are luring in leveraged traders on the way up. Check out Bybt Rekt, yesterday it was about $1B in liquidated leveraged plays. People are longing too hard on upswings.
You realize that as the situation of the world changes etc, people think about wealth life and investing in different ways than before. Right now with the inflation narrative, the geopolitical world on edge etc... people are risk-on to get a piece of the pie that many think is shrinking.
Sorry Swaglord, that is nonsense. You and your hipster buddies are sucked into the biggest bubble of nonsense ever. As Nassim Taleb said tulips without the aesthetics. Wish you the best though.
Ghost of Igloi wrote:
seattle prattle wrote:
These are simply momentum plays,
It is a new electric vehicle company now coming to the market, and traders pick it up on momentum for a quick buck speculation.
Same as RIVN,
If it is over-valued, most investors don't really care because most don't plan on owning it that long,
I sold my RIVN early this morning, and while i could have made a lot more if I sold yesterday at the peak, I still made enough to make the trade worthwhile.
The takeaway is this: the market is made up of a lot of different parts. Don't confuse the obvious speculation plays with the broader market, and don't infer the health of the market (or economy, for that matter) based on a small pocket. If you do so, you will arrive at inaccurate conclusions and your 'modeling' will be flawed. To the extent that those inaccurate conclusions influence one's investing plan, they may very well find that things don't go as they would have hoped or expected.
Recent trading in EV stocks and crypto are clearly speculation. The fact that I point out the lack of fundamentals supporting them as investments just runs counter to the enthusiasm for such risk taking. It is not surprising I become the focus of ire for pointing out the obvious.
What concerns me is that you extrapolate from some traders speculating, which has always been a part of the larger market, to infer the fundamental instability of the market. We are all familiar with you siting what is going on in NFTs, crypto, EV, tech. valuations, GME, Robinhood.... where do i stop?
A modicum of perspective is all that is asked.
Ghost of Igloi wrote:
Swaglord_the_realest_!69 wrote:
Lol was gonna post the same thing.
Bitcoin down less than 14% from last weeks ATH (!) and now Iggy is gloating that he was right all along. Yet he hasn't proposed any reason why crypto would drop to 0 besides "it's a bubble"... all the while not grasping the reasons why crypto is attractive to the individual investor.
The big BTC whales at play are luring in leveraged traders on the way up. Check out Bybt Rekt, yesterday it was about $1B in liquidated leveraged plays. People are longing too hard on upswings.
You realize that as the situation of the world changes etc, people think about wealth life and investing in different ways than before. Right now with the inflation narrative, the geopolitical world on edge etc... people are risk-on to get a piece of the pie that many think is shrinking.
Sorry Swaglord, that is nonsense. You and your hipster buddies are sucked into the biggest bubble of nonsense ever. As Nassim Taleb said tulips without the aesthetics. Wish you the best though.
hah
pie shrinking!
GDP growing at 5% or so
Corporate profits at records and growing double digits
you make it sound like crypto people are reasonable investors just scraping around a dying system.
Hah
crypto investors are simply trying to get rich quick, and making themselves susceptible to crazeballs adverts they read.
Owning something that has zero cash flow or utility (as crypto does) will have a long term return of zero. That's economics.
Zero. it's just a matter of time. But sure, it's working now.
seattle prattle wrote:
Ghost of Igloi wrote:
Recent trading in EV stocks and crypto are clearly speculation. The fact that I point out the lack of fundamentals supporting them as investments just runs counter to the enthusiasm for such risk taking. It is not surprising I become the focus of ire for pointing out the obvious.
What concerns me is that you extrapolate from some traders speculating, which has always been a part of the larger market, to infer the fundamental instability of the market. We are all familiar with you siting what is going on in NFTs, crypto, EV, tech. valuations, GME, Robinhood.... where do i stop?
A modicum of perspective is all that is asked.
How is that different than you or any other poster writing something that is clearly not true? Speculation may have always been part of the market, but what we are seeing is far beyond anything in the past. Over the last couple of days we have had several posts on how this is some new era absolving investors from any kind of metric resembling reality. Writing such thinking was a relic of the Depression experience even though the truth is the NASDAQ had a negative return from March 2000 through July 2016.
Zero cash flow-incorrect, if you choose to do so you can get paid for lending it.
Zero utility-incorrect. It is a symbolic representation of value and has some utility as does any other, including fiat.
Zero return long term-incorrect depending on your time frame. 10 years is already long for some people.
Crypto investors are homogenous-incorrect. Hodl’ers are not trying to get rich quick, and whales actually did get rich quick and are still largely invested, same as any IPO event.
GDP growing at 5%-only as measured by a measurement system optimized to reach such a conclusion; Q3 Shadowstats corrected GDP -0.05%
Honestly, resistance to understanding the utility of crypto other than as a speculative vehicle is strange. Nothing in life is guaranteed. “Full faith and credit”, in a system that has devalued the underlying asset more than 95% in a hundred years, and devalued it massively this year even by crooked standards.
Anyone who is actually diversified has some skin in the crypto game.
Choppy market day today
I do agree that Central Bank and governments have undermined the financial system, but I see crypto as a manifestation of that corruption rather than a solution. Most people investing in crypto have no underlying theory supporting the trade, mostly just following friends, advertising, and hype. At worst a significant number are like the poster’s “not so bright” sister-in-law.
Ghost of Igloi wrote:
Most people investing in stocks or, indeed, anything, have no underlying theory supporting the trade, mostly just following friends, advertising, and hype. At worst a significant number are like the poster’s “not so bright” sister-in-law.
Which sister-in-law is probably in also equity, bond, and RE markets.
No that doesn’t make crypto any better—but nor does it make it any worse.
Maser@ti wrote:
Choppy market day today
Lots to chew on in other posts, but for now, I've noticed the see-sawing today. Apple is saving my butt on the day, and to a lesser extent, a couple of the other FANG. But mostly Apple.
I think Nividia announces earnings after the close. Yeah, they are.
Tough call on that one with such a big run-up.