Talking stocks, trading, and investing in general

[Piobaire]

Port was up 2.2% this week.

I'm not sure how to handle that at this point.

 

[Texasmade]

Port was up 2.2% this week.

I'm not sure how to handle that at this point.

Sell your ports and buy more Cabernets.

 

[Omega Male]

Walmart profit warning. That's not great.

 

[brokencycle]

Walmart profit warning. That's not great.

I'm glad I bought my customer discretionary spending ETF a year ago. Looking like more averaging down opportunity ahead.

 

[Omega Male]

I'm glad I bought my customer discretionary spending ETF a year ago. Looking like more averaging down opportunity ahead.

Retail is a tough space whether you are old- or new-economy.

 

[GreenFrog]

Can we go back to December 2021? My net worth was a lot higher back then.

 

[GreenFrog]

In any event, pleased with GOOG and CMG today.

 

[Omega Male]

Cope more.

What if Bitcoin's Price Falls to $5,000? - TheStreet

A crash in bitcoin's would be good for the crypto industry, which could then rebuild on a sounder footing.

www.thestreet.com

 

[PhilKenSebben]

Cope more.

What if Bitcoin's Price Falls to $5,000? - TheStreet

A crash in bitcoin's would be good for the crypto industry, which could then rebuild on a sounder footing.

www.thestreet.com

....wut....

 

[otc]

Makes no sense. Why not take it one further. Bitcoin zero.

For real, if you want the **** that that author imagines is going to happen, you should want bitcoin to die.

Bitcoin is a ****** beta product. Not even a beta. It is a proof of concept that shows how the underlying tech could work at scale.

It doesn't have any programmability or versatility. It has turned out to be MASSIVELY resource inefficient. It can only process like 10 transactions per second worldwide. Various details keep it from actually doing any of the things it promised.

This is like if Ford made the Model T and then just said "cool, we've got mass production and interchangeable parts, we'll be good forever" and just kept using the platform for the next 100 years. Yeah, eventually those shortcomings become pretty apparent.

Even if you believe in the crypto-blockchain dream, how can you not see that Bitcoin is not the vehicle to take you there.

 

[jack webb]

The Bitcoin Bros have been awfully quiet on social media lately. Some aren't finance people at all, just interested & enthusiastic laymen from various fields who caught the Bitcoin wave, were doing quite well for themselves, and loudly spreading the gospel. Until recently. Nothing like a 60% drop to send one back to his knitting.

 

[GreenFrog]

Hope everyone’s portfolios did well today.

 

[the shah]

Makes no sense. Why not take it one further. Bitcoin zero.

For real, if you want the **** that that author imagines is going to happen, you should want bitcoin to die.

Bitcoin is a ****** beta product. Not even a beta. It is a proof of concept that shows how the underlying tech could work at scale.

It doesn't have any programmability or versatility. It has turned out to be MASSIVELY resource inefficient. It can only process like 10 transactions per second worldwide. Various details keep it from actually doing any of the things it promised.

This is like if Ford made the Model T and then just said "cool, we've got mass production and interchangeable parts, we'll be good forever" and just kept using the platform for the next 100 years. Yeah, eventually those shortcomings become pretty apparent.

Even if you believe in the crypto-blockchain dream, how can you not see that Bitcoin is not the vehicle to take you there.

I'm not even sure it's demonstrated functionality at scale. regarding the price crash though as long as Tether exists to prop it up BTC won't collapse (in the way luna survived until terra the underlying peg was toppled, but tether is unimaginably larger than terra)

 

[the shah]

The Bitcoin Bros have been awfully quiet on social media lately. Some aren't finance people at all, just interested & enthusiastic laymen from various fields who caught the Bitcoin wave, were doing quite well for themselves, and loudly spreading the gospel. Until recently. Nothing like a 60% drop to send one back to his knitting.

indfl (forgot how it was spelled?) might own a few greek islands and a fleet of yachts at this point (or at least when btc was ~70k)

 

[Texasmade]

indfl (forgot how it was spelled?) might own a few greek islands and a fleet of yachts at this point (or at least when btc was ~70k)

You're making the assumption he was smart enough to cash out at the top. I'm guessing he probably bought more as it started crashing.