Sparktrader Posted June 19, 2022 Share Posted June 19, 2022 1 minute ago, Adumbration said: Why are you trying to sell me BHP. Or are you biased because you hold it. Yes BHP is different from IVZ. By the way, back in the real world I had a consultancy and the last project I completed before retiring was for BHP. I dont. You claimed miers have no assets or business. $60bn in revenue is some business. A miner or a bank is the same to me. Eps growth, dps growth, pe ratio, div yield. Roe, net profit margin. Same classic measures. Eps growth is the key to long term growth in price. Link to comment Share on other sites More sharing options...
ukrules Posted June 19, 2022 Share Posted June 19, 2022 3 hours ago, Dan O said: You may want to look up the concept yourself. You increase value of an "item" by convincing the next guy in line he'll make money by investing also. There is no real asset behind the item or any govt backing to secure it. its just the hope others will continue to buy and push the price up. Once that stops there's nothing left to attach to retrieve your investment. lol, do some learning. Link to comment Share on other sites More sharing options...
Hummin Posted June 19, 2022 Share Posted June 19, 2022 50 minutes ago, Walker88 said: To be a good trader one needs to be a cynic. Often helps to have good connections to Link to comment Share on other sites More sharing options...
Thailand Posted June 19, 2022 Share Posted June 19, 2022 15 hours ago, Neeranam said: My expert told me to dollar cost average in at $21,000. When it rises to 200k in 2 years, it won't matter if you bought at 21k or 19k. The same expert told me to DCA when BTC had fallen from 19k to 3k in 2018, great advice. I hear the expert bought gold. Link to comment Share on other sites More sharing options...
Walker88 Posted June 19, 2022 Share Posted June 19, 2022 39 minutes ago, Sparktrader said: I disagree, charts always help. Whats rule no 1 for a low? Higher low 2 or 3 higher lows even better. 0 1 2 lift off 0 1 2 3 lift off 2 - ma crossover 3 indicator crossover 4 volume signal 0 - high volume 1 - less volume 2 - less volume Classic chart trading Up to you. I traded my way and seemed to do okay, though I could have just been incredibly lucky. I got paid either way, skill or luck. Link to comment Share on other sites More sharing options...
Sparktrader Posted June 19, 2022 Share Posted June 19, 2022 Just now, Walker88 said: Up to you. I traded my way and seemed to do okay, though I could have just been incredibly lucky. I got paid either way, skill or luck. Everything is 50% luck or more. Link to comment Share on other sites More sharing options...
Walker88 Posted June 19, 2022 Share Posted June 19, 2022 13 minutes ago, Hummin said: Often helps to have good connections to That is a bit of a fallacy. Everybody thinks 'the other guy' knows more. In certain circumstances, maybe individual equities, that may be true, but generally markets are too big and there are far too many players with opposing interests for anyone to have the upper hand. I remember lots of folks used to think Goldman had lots of info. It was never true. Goldman guys thought Morgan knew, or one of the big funds like Bridgewater or Tudor or Quantum. The only place where the majors have a huge advantage is when they co-locate servers in the same facility as the exchanges, then hire guys who write better code. Billionths of a second pay off. Both JPM and GS have months when their system trade platform never has a losing day. 1 Link to comment Share on other sites More sharing options...
bkk6060 Posted June 19, 2022 Share Posted June 19, 2022 Could go to zero. Better buy a bunch of Pizzas with it before it does. Link to comment Share on other sites More sharing options...
Sparktrader Posted June 19, 2022 Share Posted June 19, 2022 13 minutes ago, Walker88 said: That is a bit of a fallacy. Everybody thinks 'the other guy' knows more. In certain circumstances, maybe individual equities, that may be true, but generally markets are too big and there are far too many players with opposing interests for anyone to have the upper hand. I remember lots of folks used to think Goldman had lots of info. It was never true. Goldman guys thought Morgan knew, or one of the big funds like Bridgewater or Tudor or Quantum. The only place where the majors have a huge advantage is when they co-locate servers in the same facility as the exchanges, then hire guys who write better code. Billionths of a second pay off. Both JPM and GS have months when their system trade platform never has a losing day. 20 year chart imo is the best guide. I like using a 15 year linear regression. Std dev 1, 1.5,2.0,2.5. Combine that with an indicator - true strength is good. Confirmation daily 4,9,20 emas. Stop loss 4 and 9. Link to comment Share on other sites More sharing options...
owl sees all Posted June 19, 2022 Share Posted June 19, 2022 (edited) I was gonna buy a load of land in the Meta-verse. I already have 30 NFTs. But now - with the Bitcoin at such an inviting price I'm thinking that the correction might be finished and now is the time to step in. Max Keiser thinks that it was the big boys getting involved, that drove the price unrealistically high, and they are now getting cold-feet; hence the current price. Or was it all planned for the investor to lose confidence. I'm tempted at the current price. Might wait for 15k. Really not sure at the moment. But I don't think I'll sell any gold to buy crypto. Edited June 19, 2022 by owl sees all 1 Link to comment Share on other sites More sharing options...
Hummin Posted June 19, 2022 Share Posted June 19, 2022 1 hour ago, John Drake said: Neeranam must be the happiest person on AN right at this moment. Bet he's buying hand over fist. And he was not even a believer in the beginning either. Took him awhile to become religious. Bitcoin is all about how many is believers, and how many have the faith in Bitcoin, as long the only control of the coin is those who is willing to take the risk at any time continue buying, it will go up again at once the price is right again, and some will make money again junmp in low, get out higher. As far as I know, there is no one who can unplug BTC, unless something better comescslong and take over and become the new big thing for those who is risk players. 1 Link to comment Share on other sites More sharing options...
Hummin Posted June 19, 2022 Share Posted June 19, 2022 (edited) 7 minutes ago, owl sees all said: I was gonna buy a load of land in the Meta-verse. I already have 30 NFTs. But now - with the Bitcoin at such an inviting price I'm thinking that the correction might be finished and now is the time to step in. Max Keiser thinks that it was the big boys getting involved, that drove the price unrealistically high, and they are now getting cold-feet; hence the current price. Or was it all planned for the investor to lose confidence. I'm tempted at the current price. Might wait for 15k. Really not sure at the moment. But I don't think I'll sell any gold to buy crypto. Better to buy land in Isaan the next years in your gf or wife’s name for the future. To me it seems like less risky. Good quality farm land preferably Edited June 19, 2022 by Hummin 1 1 Link to comment Share on other sites More sharing options...
Boomer6969 Posted June 19, 2022 Share Posted June 19, 2022 Bitcoin is something that happened before, and will happen gain... Link to comment Share on other sites More sharing options...
Sparktrader Posted June 19, 2022 Share Posted June 19, 2022 54 minutes ago, Walker88 said: Up to you. I traded my way and seemed to do okay, though I could have just been incredibly lucky. I got paid either way, skill or luck. 0 1 2 3 bearish Link to comment Share on other sites More sharing options...
owl sees all Posted June 19, 2022 Share Posted June 19, 2022 2 minutes ago, Hummin said: Better to buy land in Isaan the next years in your gf or wife’s name for the future. To me it seems like less risky. Good quality farm land preferably I hear you Hummin. But have to move with the times. Don't want to be a 'fuddy-duddy' who missed the boat. Can get a girl-friend in the Meta-verse now , and even get married, Don't know about children though. Not sure I'd have the energy needed to look after them now. Buy land (in the real world) and it's a constant worry about rain. Obviously the Meta-verse land is different. But if you buy right, you can charge for access, and rent it out. Unfortunately the currency is crypto. I think I'll wait it out. 1 Link to comment Share on other sites More sharing options...
Sparktrader Posted June 19, 2022 Share Posted June 19, 2022 Still bearish Link to comment Share on other sites More sharing options...
OneMoreFarang Posted June 19, 2022 Share Posted June 19, 2022 Enjoy! The Crypto Crash: all Ponzi schemes topple eventually https://www.theguardian.com/technology/commentisfree/2022/jun/19/the-crypto-crash-all-ponzi-schemes-topple-eventually 2 Link to comment Share on other sites More sharing options...
Sparktrader Posted June 19, 2022 Share Posted June 19, 2022 Link to comment Share on other sites More sharing options...
Sparktrader Posted June 19, 2022 Share Posted June 19, 2022 9 minutes ago, OneMoreFarang said: Enjoy! The Crypto Crash: all Ponzi schemes topple eventually https://www.theguardian.com/technology/commentisfree/2022/jun/19/the-crypto-crash-all-ponzi-schemes-topple-eventually The guardian are experts in IT or investing? 1 Link to comment Share on other sites More sharing options...
Popular Post Hummin Posted June 19, 2022 Popular Post Share Posted June 19, 2022 9 minutes ago, Sparktrader said: The guardian are experts in IT or investing? “'You can lead a horse to water but you can't make him drink'” You have all the evidences that BTC is unhealthy, unethical and create creed and losses for most people, and make very few disgustingly rich just by being lucky. It have nothing to do being smart, clever, just lucky. When it goes well, and the correct timing, it is easy to use that to create the hype to make more people buy in to it, and promise skyrocketing rise in new future. How many times will you guys hold on to the wild uncontrolled roller coaster and believe in it? Btc survive on false promise’s and hope. Thats all, nothing else, its not even just air, its energy consuming and for the time, everything is wrong a out it, still people choose to take the bait unbelievable. 3 Link to comment Share on other sites More sharing options...
Popular Post Mark Nothing Posted June 19, 2022 Popular Post Share Posted June 19, 2022 I watched all the docom companies go under. Most of the times no assets remained to make shareholders whole. Executive bonuses were paid in full, bondholders got pennies on the dollar, shareholders nothing. There is no underlying assets with any value available to make bitcoin holders whole. Especially if another products is coming to render bitcoin obsolete. The central bankers and governments are working diligently on central bank digital cash. It would be easy for them to call bitcoin a counterfeit currency and disable it And I am always skeptical when the founder is anonymous and the headquarters address and location is undisclosed. 2 1 Link to comment Share on other sites More sharing options...
fdsa Posted June 19, 2022 Share Posted June 19, 2022 5 minutes ago, Mark Nothing said: the headquarters address and location is undisclosed. i've naturally lol'd here. It's really amusing how every single thread about cryptocurrency gets filled with ppl who have no clue about it but very confident that all cryptos will "go to zero". 1 Link to comment Share on other sites More sharing options...
ozimoron Posted June 19, 2022 Share Posted June 19, 2022 BTC is testing historical support and no V shaped recovery in sight. I think if it loses 18K then 4K is about where i would start to buy in. BTC isn't going away and many cryptos do have functionality so I think going to zero won't happen. 2 Link to comment Share on other sites More sharing options...
Hummin Posted June 19, 2022 Share Posted June 19, 2022 (edited) 6 minutes ago, fdsa said: i've naturally lol'd here. It's really amusing how every single thread about cryptocurrency gets filled with ppl who have no clue about it. Its more amusing reading members say that over and over, again and again, obviously not knowing or have any clue themselves what is going to happen with BTC. Nobody knows, except as long its not frozen out by governments, and if manage to keep enough interest and trust, it can go on forever as the rollercoaster it is. Until all trust or interest is gone, and the new “thing” appears. Most likely a new hype will finely take over. BTC will never be goverment backed, and why should it? Edited June 19, 2022 by Hummin 2 Link to comment Share on other sites More sharing options...
Hummin Posted June 19, 2022 Share Posted June 19, 2022 7 minutes ago, ozimoron said: BTC is testing historical support and no V shaped recovery in sight. I think if it loses 18K then 4K is about where i would start to buy in. BTC isn't going away and many cryptos do have functionality so I think going to zero won't happen. What is this functionality the cryptos have, that can not be replaced ? In a few years it will already be old technology and upgraded and replaced with something else. Cant believe the dot com bubble is so easy to forget. Link to comment Share on other sites More sharing options...
ozimoron Posted June 19, 2022 Share Posted June 19, 2022 1 minute ago, Hummin said: What is this functionality the cryptos have, that can not be replaced ? In a few years it will already be old technology and upgraded and replaced with something else. Cant believe the dot com bubble is so easy to forget. The dot com technology didn't go away, only the speculation did. The same goes for blockchain technology. It isn't going away either. Link to comment Share on other sites More sharing options...
owl sees all Posted June 19, 2022 Share Posted June 19, 2022 Once the people that are in it simply to take a profit have got out, those left who believe in the concept will see it slowly move upwards. I think Bitcoin and perhaps Etherium will survive, but the majority of the others will become worthless. Recall the Pattaya coin; Shinecoin? That died a death. Link to comment Share on other sites More sharing options...
Stocky Posted June 19, 2022 Share Posted June 19, 2022 2 hours ago, Adumbration said: Anyway. You are the guy in the hole, not the one standing next to it. No, I'm the guy in head office. Link to comment Share on other sites More sharing options...
Hummin Posted June 19, 2022 Share Posted June 19, 2022 2 minutes ago, ozimoron said: The dot com technology didn't go away, only the speculation did. The same goes for blockchain technology. It isn't going away either. Thats very true, but how many companies are left from that time? Apple Amazon and windows barely came through it, but they came through because they had something you needed and wanted and adopted quick enough to come out of it.. Something physical not just nodes and codes told to have a value. Bitcoin have no real value, blockchain might have future value and anyone can use the tech for free, but expensive to develop. Bit coin have built in limitations and will stagnate eventually. Link to comment Share on other sites More sharing options...
Dan O Posted June 19, 2022 Share Posted June 19, 2022 14 hours ago, Sparktrader said: Stocks are 20% overvalued compared to avg pe ratios Everyone seems to forget that we had an excellent economy and stock market pre-covid and the dow was at 29000 and unemployment was below 4%. Covid hit and the feds dumped interest rates basically to 0, forcing bond money into stocks and then the govt fed the economy with free money and extra unemployment payments. Yeah the market has tanked from all those factors over the last year and half but those were an artificial economic condition. It really should be falling 25% more due to the inflation feed from supply issues and greed, just my. 02 cents worth 2 Link to comment Share on other sites More sharing options...
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