OT: Stock and Investment Talk
- Thread starter RU-05
- Start date
If El Salvador can do it, then I'd think most other countries can figure something out.
El Salvador is, at the moment, looking pretty smart, they may look to be geniuses if it goes on a bigger run. The only 2nd guess would be "they should have bought more".
That’s not what they are trying achieve. They want to adopt BTC as currency. 90% of the country still don’t accept BTC.
That’s great if they are an investment fund. It doesn’t help with their GDP. US and other countries are sitting on Gold that has ran up 50% since 2022. Did that solve any problems?
What is your point? That El Salvador buying BTC, and it since doubling, was not a good buy?
We can also debate whether the US should or shouldn't build a crypto reserve, but it does appear to be happening, and it will drive the price of BTC way up.
I think the point is that buying cryptocurrency is not a way to help the economy. The government should also not be investing in equities and commodities as away to pay off its debt. They definitely should not be picking winners and losers... ie ok to buy BTC, but not ETH, SOL, etc.
The other point is that El Salvador wants to use BTC as legal tender. I like the idea because it’s not a well banked country. But the volatility of BTC makes it difficult.
There is a high chance of corruption when the government picks winners and losers. If Musk decides to buy $10 billion worth of DOGE and then pushes Trump to have the government buy DOGE, that in most cases would be unethical. How confident are you that ethics rules are going to followed under Trump administration?
They’re running a little behind MSTR. Will be interesting to see how much that stock continues to run.
Michael Saylor (MicroStrategy) Portfolio Tracker
A website tracking the amount of bitcoin (and value in USD) owned by Michael Saylor (read: MicroStrategy).
saylortracker.com
Probably shouldn't be, but Trump and Elon are running it for the next 4 years. So, I guess the question is.....do you want to make money or not? Whether or not the gov'ment should be buying BTC is irrelevant. Elections have consequences.
Probably??? Yes you can make tons of money as long as you get out before things crash. The thing about this type of trading is that there are going to be winners and losers.
Thoughts on the likes of Mara and Riot?They’re running a little behind MSTR. Will be interesting to see how much that stock continues to run.
Michael Saylor (MicroStrategy) Portfolio Tracker
A website tracking the amount of bitcoin (and value in USD) owned by Michael Saylor (read: MicroStrategy).
Appears they own much less btc then their market cap. Is that the extent of the underperformance?
Also, I threw a couple dollars down on BONK. It better work.
Me too. I own BTC, ETH, SOL and 2 small SOL plays (SHDW and BONK).
TSLA continuing to beast it
PLTR continuing to beast it.
PLTR continuing to beast it.
True that. Have made $1.5M on Tesla options in the last week 😂
I love the market action these days as my net worth climbs, but it’s never a good thing when a billionaire can befriend a president and his company goes up $415B in value. The next 4 years may redefine conflicts of interest as everyone turns a blind-eye just to make money.
Donnie will ultimately screw the consumer enough to bring the market down. A new bout of inflation will destroy many and slow the economy. The question is will he bring growth down to 1% from 3% or will he actually cause a recession even while the Fed is already in the process of lowering rates.
I don't blame Trump or Elon for what is going on now. The market is making its own decision on how to react to their working relationship. And yes, it's always fun to see my accounts at screaming ATHs. :)
I get it - all my accounts are at ATHs and it feels great. However, there is a reason we are supposed to have regulators and rules - humans are inherently greedy and selfish. I’m sure at your company the CEO can’t give a contract or sweet-heart deal to his brother-in-law or golf buddy (at least not without Compliance). I think Trump is playing with fire. But then again we are all making so much money.
That's my biggest concern. As long as there aren't too many bumps along the way, I'll be in a position to retire at the end of Trump's term. But if he and his buddies send the economy into the dump (like with these tariffs) I'm screwed, as I'm sure many others will be.
OUST up 33% today. Not sure the why. I see and upgrade but is that worth a 33% upward move? I'm guessing something else is afoot.
He’s strictly a supply-side economics guy…so supply side inflation is actually a good thing to him!🤣
Of course he believes he’ll have oil prices down to $50 a barrel too.🤣
Easiest bet in the world to win would be that the oil price will not be lower than it is today in Oct. 2028.
Can’t wait until we see updated valuations of Twitter. I’d say he got his moneys worth at this point.
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