Double shocked…you mean Saylor and Novogratz, two of the biggest pumpers in the game, fed the market a heaping scoop of BS? Never…I do not believe it. It’s going to $100K…no $500K…no $1M…just keep buying LOL. Sorry, I couldn’t resist.
You and I have different definition of gift.
This is absolutely true. I guess it is the impact of institutional money going into crypto.
The narrative has changed from "digital gold" to it being a new technology.
Regardless, good to hear that a bear'ish investor is thinking that. The middle school emotions will end sooner or later.
Moderate bounce tomorrow that tails off late. More downside to come but not tomorrow.
I was looking for a quick rebound trade and almost went there. Almost went TQQQ. But went with Lyft instead.
I think TQQQ would be the better play (over Lyft, which had a pretty bad earnings report). However, you need to hold TQQQ for a while to get a significant return. It's a market trend play. Whether inflation ticks down next week or next month, we are then off to the races! :)
On put contracts you sold? Which ones?
The swing from yesterday morning to afternoon to today was insanely profitable for volatility traders
For clarification, I thought there would be profit taking in the AM and then a mild afternoon recovery, but still down for the day; not the blood bath we experienced.
The DAQ will be fine and back to ATHs in short order. As for BTC and crypto, it's cycle includes long consolidation periods which may last up to 2 years. We shall see. The next BTC halfing won't happen until 2024. These events normally trigger bull runs.
He said the same thing at the SALT even in the Bahamas and he actually countered Cathy wood on the $1mm projection of Bitcoin she modeled
If it’s not a store of value, not a currency replacement, and trades in tandem with tech stocks yet has no underlying business, what’s the catalyst for the bull run? Is it simply a matter of less supply due to Whale consolidation and the halving taking place in 2024 that gives rise to the next big pump and dump? Where is the adoption? The scale? Use cases? People love to point out that institutions are apparently interested in “investing” in crypto yet that’s all driven by financial firms looking to develop new revenue streams in the form of fees. Has a single thing crypto pumpers have said so far come true?
Come on Pinehurst. The entire stock market is imploding because of what Biden is doing and you don't want to talk about it in an investing thread? BTW more downside to come.
The market downturn is far more complicated than pinning it on the current administration. This is global. Take your blinders off and learn a little about macroeconomics.
Nut, The U.S. is not the world. The U.S. leads the world. The world is following the U.S. and MOST of the economic issues we are having today are directly related to the current policies and lack of confidence in the current administration. It is you who needs to take the blinders off and stop acting like the administration isn't responsible for the current serious economic issues facing our country and leading the market down the drain.
I’d say he backed down quite a bit compared to his usual optimism. In fact, he basically conceded earlier this week that he has egg on his face.
Sorry but you're wrong. The economy still has the COVID blues (free cash dating back to the previous administration, supply chain issues, now reaggravated by China's shutdown of Shanghai), the Fed printing money artificially inflating the market, Ukraine war (putting pressure on food prices, natural gas, and oil). I will admit it was a strategic mistake to reduce oil production when this administration took office instead of tapering when real alternatives became viable and plentiful. The U.S. is the leading economy in the world but it is entwined in global economics. What goes on in what may seem distant parts of the world affects us here.
Biden is failing and flailing! It is his policies which set the tone and he is failing miserably. President Trump had our economy on a rock solid path and had the election not been stolen he would continue to have our economy on a rock solid path. President dementia is not getting it done and the mid terms are our first chance for a major course correction....Or the economy and markets are going to continue to go down.
You planning on a career change, or a lay off, considering people are fleeing the stock market. You have two and half years left under President Biden. Are you advising your people to leave the market until Biden leaves office?
