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OT: Stock and Investment Talk

bob-loblaw said:
You still skirt around your rationale as to how crypto is the biggest finance scam of all time.

Speculative coins are always going to pop up. There's little to prevent that. just like there's little to prevent a shitty restaurant opening up in a town with a lot of restaurants. People see restaurants busy and simply want to get in.

Youre essentially saying that since there's shitcoins that are scams, all of crypto is a scam. Clearly that's not true.

Is Rutgers going to go with an IBM-like solution at a cost of X (high number) per ticket, or a platform like OpenSea or a yet to be established platform where fees are pennies? They'll go for the cheap option.

Saying that NFT's are a hobby or tax shelter is a fools errand. You say there's no barrier to entry so by default the market is saturated. How is that any different than physical art? There is ZERO barrier to entry there. I could spill marinara sauce on a bunch of paper plates and have an art show selling slices of my san marzano stained sheets of paper.

Reading your 2nd life comments here and in the past, leads me to believe you're jaded by your investment in second life. Did you stop investing in tech stocks because you lost a ton of money on AOL or Yahoo?

And ya Bitgo is behind Chivo. Is it any different than Pfizer, big pharma, big tobacco in the past, or anyone lobbying DC? Our govt simply cant get out of its own way. The amount of money printed the last 2 years scares the hell out of me. The inflation we're seeing and will see frightens me. The future value of the dollar frightens me. I could go on and on. Bitcoin, to me, provides the perfect opportunity to hedge against those fears. If I'm wrong, I'm wrong. Ill have lost $$ I could have stood to lose. I put the odds of that at less than 1% now.

I really dont want to keep going back and forth here. If you want to keep chatting via email or elsewhere, let me know.
Click to expand...
Just answer me this - why are coins even necessary if technology is really at the core of crypto? You can have technology platforms driven by blockchain and execute smart contracts without issuing a bunch of nonsensical coins driving speculation and hype. IBM and financial institutions are doing it right now. And it’s one of the main reason countries are looking at digital currencies. By the way, when OpenSea experiences a bug or service interruption who would Rutgers call to trouble/shoot or compensate RU for the downtime and angry ticket holders that missed the game standing in line?

Regarding NFTs, I don’t disagree with your logic because I never understood the art industry and my mother was both an artist and owned a commercial art business. But physical art and collectibles will ultimately prevail because displaying a Picasso on a wall satisfies a human need that clicking open a picture file on your computer to show guests does not. If the physical world no longer mattered, we’d all be buying virtual beachfront properties (screw LBI) and hooking up with a new VR chick every night. Somehow I’m pretty sure you would opt for the real thing.
 
bob-loblaw said:
You still skirt around your rationale as to how crypto is the biggest finance scam of all time.

Speculative coins are always going to pop up. There's little to prevent that. just like there's little to prevent a shitty restaurant opening up in a town with a lot of restaurants. People see restaurants busy and simply want to get in.

Youre essentially saying that since there's shitcoins that are scams, all of crypto is a scam. Clearly that's not true.

Is Rutgers going to go with an IBM-like solution at a cost of X (high number) per ticket, or a platform like OpenSea or a yet to be established platform where fees are pennies? They'll go for the cheap option.

Saying that NFT's are a hobby or tax shelter is a fools errand. You say there's no barrier to entry so by default the market is saturated. How is that any different than physical art? There is ZERO barrier to entry there. I could spill marinara sauce on a bunch of paper plates and have an art show selling slices of my san marzano stained sheets of paper.

Reading your 2nd life comments here and in the past, leads me to believe you're jaded by your investment in second life. Did you stop investing in tech stocks because you lost a ton of money on AOL or Yahoo?

And ya Bitgo is behind Chivo. Is it any different than Pfizer, big pharma, big tobacco in the past, or anyone lobbying DC? Our govt simply cant get out of its own way. The amount of money printed the last 2 years scares the hell out of me. The inflation we're seeing and will see frightens me. The future value of the dollar frightens me. I could go on and on. Bitcoin, to me, provides the perfect opportunity to hedge against those fears. If I'm wrong, I'm wrong. Ill have lost $$ I could have stood to lose. I put the odds of that at less than 1% now.

I really dont want to keep going back and forth here. If you want to keep chatting via email or elsewhere, let me know.
Click to expand...
I’ll also add that I’m not saying you are wrong for hedging with BTC especially if you are willing to accept potential losses. It’s hard to tell how much RU football crypto enthusiasts are “investing” in crypto. If someone tells me they are throwing under $50K or less than 10% of their portfolio at crypto I’d say go for it. Nothing wrong with some risk or speculation but it depends on the entire investment picture.
 
RUTGERS95 said:
lol slowdown cupcake. I sold almost all my btc and eth near the ATHs and kept a very small amount. Doge is the only one I was too early on but only owned about a half million coins and sold in the mid .20s and .30s having owned under .03. I'd be happy to compare portfolio returns if you'd like. The steaks I bought was for fun, first thing I used crypto on actually.

The point of my comment, since you are having trouble keeping up, is that people are saying it's adoption is nil which is simply not the case. I travel quite a bit, I'm seeing it more in Europe as well and would qualify it's adoption as expanding and there is ample evidence to support this.

Now my 'fun' portfolio' is almost devoid of crypto and I've moved to pm mines, selected reits and of course oil & gas. I've added to the latter this year significantly. Gotta pay for that spread down in SC and I want to retire when my last kid goes to college! Taxes suck but I'd rather have half a dollar than not.

If you need any help with the mkts, don't hesitate to ask although I would defer on equities and enterprise valuations to Frida as he's still in that space and probably the smartest guy on here.

good luck oh and BlockChain is the future so get in on that.
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I'm curious. How did you go about knowing about DOGE when it was .02 and on what platform did you buy it since it's only recently been offered on Coinbase?
 
RUAldo said:
Regarding NFTs, I don’t disagree with your logic because I never understood the art industry and my mother was both an artist and owned a commercial art business. But physical art and collectibles will ultimately prevail because displaying a Picasso on a wall satisfies a human need that clicking open a picture file on your computer to show guests does not. If the physical world no longer mattered, we’d all be buying virtual beachfront properties (screw LBI) and hooking up with a new VR chick every night. Somehow I’m pretty sure you would opt for the real thing.
Click to expand...
No matter what live event you look at nowadays, but a large portion of those in attendance will be looking at their phones, recording the event with their phone, or even watching the event through their phone.

So I'm not so sure if the Picasso fullfills more of a human need then whatever is going on in a persons phone.
 
PLTR which was up near $29 just two weeks ago is now hanging just below $24. I jumped in extended Tuesday on news of a Billion dollar deal with the US army but gave most of that back during trading yesterday.

It was in the 22's late July early August, and dropped to around $18 in May, so it's not near those bottoms, but this could be a good place to start a position.
 
RU-05 said:
PLTR which was up near $29 just two weeks ago is now hanging just below $24. I jumped in extended Tuesday on news of a Billion dollar deal with the US army but gave most of that back during trading yesterday.

It was in the 22's late July early August, and dropped to around $18 in May, so it's not near those bottoms, but this could be a good place to start a position.
Click to expand...
NIO is close to its 2021 low after having a nice summer run. I still think they will end up as one of the EV "winners".
 
Apparently container costs were halved from Sept to early Oct. That's a good sign.

Trucking issues still exist getting the products from the ports and out into the country.
 
MRNA following a monster run, and then some bad news ranging from the Merck anti viral to Switzerland halting MRNA's use amongst teenagers, is below $300 after being up in the mid $400's just a month ago.

Fwd P/E of 7x. Though that is all from Covid Vaccine revenue which will dry up, to some extent, at some point.

I rode it from $130 to $220. Watching to see if it get's back near $220.
 
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RUAldo said:
Kramer has been warning about putting new money to work for weeks and now a 180.
Click to expand...
Well things do change, the traditional sept rockiness was certainly in play for his calls from a couple weeks ago, but in the case of yesterday morning, it was buying when the market was selling off, for no apparent reason.
 
RUTGERS95 said:
anyone listening to Kramer needs their head's examined. He's a buffoon
Click to expand...
He's a goofball and I think he says so much that you need to sift through it to find the good stuff, but he knows the market.

For instance yesterday morning he said that selloff was a good buying op, he nailed that one.
 
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RUTGERS95 said:
lol slowdown cupcake. I sold almost all my btc and eth near the ATHs and kept a very small amount. Doge is the only one I was too early on but only owned about a half million coins and sold in the mid .20s and .30s having owned under .03. I'd be happy to compare portfolio returns if you'd like. The steaks I bought was for fun, first thing I used crypto on actually.
Click to expand...
So you DID use an appreciating asset to pay for a consumable, and you think I should be impressed because you made money on a pump & dump scheme. golf clap.
 
RUAldo said:
Just answer me this - why are coins even necessary if technology is really at the core of crypto? You can have technology platforms driven by blockchain and execute smart contracts without issuing a bunch of nonsensical coins driving speculation and hype. IBM and financial institutions are doing it right now. And it’s one of the main reason countries are looking at digital currencies. By the way, when OpenSea experiences a bug or service interruption who would Rutgers call to trouble/shoot or compensate RU for the downtime and angry ticket holders that missed the game standing in line?

Regarding NFTs, I don’t disagree with your logic because I never understood the art industry and my mother was both an artist and owned a commercial art business. But physical art and collectibles will ultimately prevail because displaying a Picasso on a wall satisfies a human need that clicking open a picture file on your computer to show guests does not. If the physical world no longer mattered, we’d all be buying virtual beachfront properties (screw LBI) and hooking up with a new VR chick every night. Somehow I’m pretty sure you would opt for the real thing.
Click to expand...
Sure. Without a coin or token, what is the incentive to run the network? By mining youre helping validate transactions on chain, and by doing so, the native currency of the chain is the reward. Otherwise, you're running software/hardware for feel good purposes. In regards to IBM, a public chain allows for decentralization were consensus is needed to approve any upgrades or changes. IBM hosting a chain completely pulls the decentralized nature of blockchain tech and moves in to a central hub, essentially pulling transactions in a big circle back to our current system at a massive energy cost.

It's a great question you pose, re tech support and frankly I dont have the answer, now. BUT, as this technology adapts you'll see forward facing solutions that tie into a perspective blockchain to provide a solution. It's like trying to connect to the internet in 1994 without AOL. This crazy internet platform exists, the gateway isnt there yet. It will be.

You're focusing on the wrong thing with land and NFT's. Give the metaverse time... It's not going anywhere.

Also, you'll see NFT's supplement value in collectibles. It's already happening in the rare watch space. NFT's are helping to drive down the cost of insurance on rare watches, as they become a digital add on to a physical collectible. If I were to boost a rare XYZ without having the NFT, it theoretically become fraudulent.

www.nytimes.com

NFTs Arrive in the Watch World (Published 2021)

The first purely digital timepieces have been offered to bidders, but will their auctions become a watershed moment or a bubble? Only time will tell.
www.nytimes.com www.nytimes.com


RUAldo said:
I’ll also add that I’m not saying you are wrong for hedging with BTC especially if you are willing to accept potential losses. It’s hard to tell how much RU football crypto enthusiasts are “investing” in crypto. If someone tells me they are throwing under $50K or less than 10% of their portfolio at crypto I’d say go for it. Nothing wrong with some risk or speculation but it depends on the entire investment picture.
Click to expand...

Of course, but to me, losing $xx,xxx amount to me will hurt, BUT certainly not hurt as watching widescale adoption of crypto and explosive monetary upside.
 
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RU-05 said:
Charlie Munger bought a ton of BABA.
Click to expand...
Interesting, BABA is way undervalued now due to government silliness. If this ends, great play. If the commies continue to screw around, bad play. I just don't know.
 
T2Kplus20 said:
Interesting, BABA is way undervalued now due to government silliness. If this ends, great play. If the commies continue to screw around, bad play. I just don't know.
Click to expand...
It appears Munger is a fan of how the Chinese Gov't goes about it's business. I saw a interview not too long ago and he was very complementary to them.

But maybe this is a sign that China has flaunted it's power enough and will let their business entities do their things for a bit. Seems most of the chinese stocks had a good run yesterday.

T2Kplus20 said:
NIO is close to its 2021 low after having a nice summer run. I still think they will end up as one of the EV "winners".
Click to expand...


I think BOA upgraded NIO yesterday. $56ish price target.

In the short term at least, it appears China is impeding foreign competitors so as to allow NIO to expand. Unlike Baba and the Tech giants this may be a case where the Gov't is pumping up one of it's large businesses.
 
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RU-05 said:
It appears Munger is a fan of how the Chinese Gov't goes about it's business. I saw a interview not too long ago and he was very complementary to them.

But maybe this is a sign that China has flaunted it's power enough and will let their business entities do their things for a bit. Seems most of the chinese stocks had a good run yesterday.




I think BOA upgraded NIO yesterday. $56ish price target.

In the short term at least, it appears China is impeding foreign competitors so as to allow NIO to expand. Unlike Baba and the Tech giants this may be a case where the Gov't is pumping up one of it's large businesses.
Click to expand...
I think NIO is in good shape with the China market, mostly due to their battery swap system (which works well in urban centers). Not sure of the plan on how/when to expand to other countries.
 
T2Kplus20 said:
I think NIO is in good shape with the China market, mostly due to their battery swap system (which works well in urban centers). Not sure of the plan on how/when to expand to other countries.
Click to expand...
That's the thing with China (and why we see so many western companies bow down a little bit in order to do business there) with over a billion people Nio has a ton of runway before they need to think about international expansion.
 
And what impact would a surging NIO, probably with government assistance have on Tesla?
 
RU-05 said:
That's the thing with China (and why we see so many western companies bow down a little bit in order to do business there) with over a billion people Nio has a ton of runway before they need to think about international expansion.
Click to expand...
+1
1.4 billion customers in China! You can be the most successful car company in the world just by crushing it in China.
 
mdk01 said:
And what impact would a surging NIO, probably with government assistance have on Tesla?
Click to expand...
Definitely would be negative in terms of EV market share.

But not much effect on TSLA's actual growth rate, which continues to be impressive.
 
T2Kplus20 said:
Don't Mess with Tesla!

View embedded media
Click to expand...
Not mentioned in the video but crucial to Tesla's future. 4680 battery cells from the pilot plant in Fremont will be used in the Austin Model Y. There was some some speculation that Austin Model Y would start with 2170 cells (older version bought from suppliers) if 4680s weren't ready. This is excellent news. Both Austin and Berlin will eventually have their own 4680 cells manufactured on site.

Another overlooked statement from yesterday... Elon said eventually, everyone will have long range EVs, and eventually, everyone will have autonomous vehicles. Tesla's long term competitive advantage will be manufacturing.
 
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