how come bitcoin isn't doing better?

[BananaBandit]

if most nations are currently having trouble with inflation, shouldn't bitcoin be going up, up, up?

 

my train of thought:       paper money not doing well means people want to escape paper money. so they go into crypto, and bitcoin is the leading crypto.  this makes bitcoin skyrocket in value

 

what is wrong with my thought process here?

[Sparktrader]

People sold btc to pay the higher prices

 

They eat food not coins

 

 

[Sparktrader]

Gold went up,mostly big traders

[Gottfrid]

Maybe because it´s built on the same principles like a tire, blown up by air. In other words, it has no foundation in a real economical structure.

[worgeordie]

Not so many people getting sucked in to buying crypto , maybe it's that simple.

regards worgeordie

[dj230]

because bitcoin produces nothing and is worth nothing

 

stocks are rallying 50-100% up the last month because they are actual real assets

[Sparktrader]

9 minutes ago, dj230 said:

because bitcoin produces nothing and is worth nothing

 

stocks are rallying 50-100% up the last month because they are actual real assets

Stocks are up 10%

[proton]

Why isn't monopoly money doing better, it's worth as much as bitcoin. Bitcoin is not regulated and has nothing behind it except hope and greed. 

[tgw]

the error in the thought process is considering bitcoin as an asset.

 

the idea bitcoin is built on is in its core frivolous: people with computers "mine" money. it makes no sense at all.

 

the crypto technology though, the blockchain, does make sense and opens the path to real crypto currencies. but these will be privately issued and backed with commodities and real wealth assets such as real estate, in the same manner as a fund.

[talahtnut]

1 hour ago, Sparktrader said:

Stocks are up 10%

Inflation up 15%

Stocks are not your assets, you have no control.

[Mac Mickmanus]

1 hour ago, Sparktrader said:

Stocks are up 10%

S&P up 8 % in the last month , but down 7 % in the last 6 months 

[Sparktrader]

4 minutes ago, talahtnut said:

Inflation up 15%

Stocks are not your assets, you have no control.

You can sell them

[Sparktrader]

2 minutes ago, Mac Mickmanus said:

S&P up 8 % in the last month , but down 7 % in the last 6 months 

You always say something negative on prices

[talahtnut]

17 minutes ago, Sparktrader said:

You can sell them

Why have you not sold them?

[Sparktrader]

7 minutes ago, talahtnut said:

Why have you not sold them?

Sold what?

[dj230]

4 hours ago, Sparktrader said:

Stocks are up 10%

lol even the nasdaq is up near 20%, plenty of stocks are up 50-100%, Tesla, apple, amazon, growth stocks are up near 100% Roblox, Affirm, Coinbase, etc. I am up near 50%, but sold too soon, would have been up 100% at least. 

Edited August 4, 2022 by dj230

[Mac Mickmanus]

10 minutes ago, dj230 said:

lol even the nasdaq is up near 20%, plenty of stocks are up 50-100%, Tesla, apple, amazon, growth stocks are up near 100% Roblox, Affirm, Coinbase, etc. I am up near 50%, but sold too soon, would have been up 100% at least. 

Depends on what date you compare it to . 

Tesla would be up 1000 % if you compared the price to 2020 , or down 50

% if you compared the price to six months ago 

[Sparktrader]

8 hours ago, dj230 said:

lol even the nasdaq is up near 20%, plenty of stocks are up 50-100%, Tesla, apple, amazon, growth stocks are up near 100% Roblox, Affirm, Coinbase, etc. I am up near 50%, but sold too soon, would have been up 100% at least. 

Tesla is down for year

[dj230]

11 hours ago, Mac Mickmanus said:

Depends on what date you compare it to . 

Tesla would be up 1000 % if you compared the price to 2020 , or down 50

% if you compared the price to six months ago 

 

How could it be down 50% when it's near all time highs?

 

If you know how to invest you made money, its a zero sum game

Edited August 5, 2022 by dj230

[Sparktrader]

9 minutes ago, dj230 said:

 

How could it be down 50% when it's near all time highs?

 

If you know how to invest you made money, its a zero sum game

About 25% of the high

[Mac Mickmanus]

9 minutes ago, dj230 said:

 

How could it be down 50% when it's near all time highs?

 

If you know how to invest you made money, its a zero sum game

The stock price for Tesla was $1222 in November 2021 and the price is $925 today 

[dj230]

20 hours ago, Mac Mickmanus said:

The stock price for Tesla was $1222 in November 2021 and the price is $925 today 

thats down 50%? 

[Mac Mickmanus]

44 minutes ago, dj230 said:

thats down 50%? 

It did previously get down 50 % , but it went up again 

[Hamus Yaigh]

Crypto value is based on a greater fool theory. It's value is hoped to increase based on some fool paying more than you did. There just aren't enough fools around these days with money to burn.

Edited August 6, 2022 by Hamus Yaigh

[dj230]

5 hours ago, Mac Mickmanus said:

It did previously get down 50 % , but it went up again 

 it went up 50%, many stocks did even mega caps which rarely have huge moves like that. 

 

Some stocks up over 100% not common movements. Those who missed on investing at those prices will never get that chance again. Easily 1000% returns in some stocks for the years to come. 

[Mac Mickmanus]

5 minutes ago, dj230 said:

 it went up 50%, many stocks did even mega caps which rarely have huge moves like that. 

 

Some stocks up over 100% not common movements. Those who missed on investing at those prices will never get that chance again. Easily 1000% returns in some stocks for the years to come. 

People do actually have another chance to get similar gains . 

All they have to do is to buy stocks today that are going to increase by 50 % .

   Its easy to look back and point out which sticks have gained, the difficult bit is buying stocks that will gain in the future

[Maha Sarakham]

The word of mouth and buzz around Bitcoin amongst the general public has died down, not as many suckers buying high and selling low.

[1FinickyOne]

On 8/5/2022 at 2:35 AM, talahtnut said:

you have no control.

Control? 

 

control is even more of an illusion than bitcoin

[smutcakes]

On 8/5/2022 at 4:58 PM, dj230 said:

 

How could it be down 50% when it's near all time highs?

 

If you know how to invest you made money, its a zero sum game

Stick to topics you know what you are talking about... the more you have posted on this topic the clearer it is that you have no idea what you are talking about let alone you investing.

[dj230]

On 8/6/2022 at 7:41 PM, Mac Mickmanus said:

People do actually have another chance to get similar gains . 

All they have to do is to buy stocks today that are going to increase by 50 % .

   Its easy to look back and point out which sticks have gained, the difficult bit is buying stocks that will gain in the future

Not really when you're buying great companies at undervalued prices, typically s&p500/nasdaq returns 100% in 5-7 years. 

3 hours ago, smutcakes said:

Stick to topics you know what you are talking about... the more you have posted on this topic the clearer it is that you have no idea what you are talking about let alone you investing.

900/1200 = 50%? 

 

I said to buy stocks a month ago or so while most were saying sell, now that people are getting enticed into the market again I am selling my positions for 50-100% gains and should be all cash by this week and I'll sell out of the money puts until Sept fomc ???? 

Edited August 8, 2022 by dj230