Popular Post BananaBandit Posted August 4, 2022 Popular Post Share Posted August 4, 2022 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? 3 Link to comment Share on other sites More sharing options...
Popular Post Sparktrader Posted August 4, 2022 Popular Post Share Posted August 4, 2022 People sold btc to pay the higher prices They eat food not coins 2 1 Link to comment Share on other sites More sharing options...
Sparktrader Posted August 4, 2022 Share Posted August 4, 2022 Gold went up,mostly big traders Link to comment Share on other sites More sharing options...
Popular Post Gottfrid Posted August 4, 2022 Popular Post Share Posted August 4, 2022 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. 8 Link to comment Share on other sites More sharing options...
Popular Post worgeordie Posted August 4, 2022 Popular Post Share Posted August 4, 2022 Not so many people getting sucked in to buying crypto , maybe it's that simple. regards worgeordie 4 1 Link to comment Share on other sites More sharing options...
Popular Post dj230 Posted August 4, 2022 Popular Post Share Posted August 4, 2022 because bitcoin produces nothing and is worth nothing stocks are rallying 50-100% up the last month because they are actual real assets 6 Link to comment Share on other sites More sharing options...
Popular Post Sparktrader Posted August 4, 2022 Popular Post Share Posted August 4, 2022 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% 2 1 Link to comment Share on other sites More sharing options...
Popular Post proton Posted August 4, 2022 Popular Post Share Posted August 4, 2022 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. 4 3 2 Link to comment Share on other sites More sharing options...
tgw Posted August 4, 2022 Share Posted August 4, 2022 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. 2 Link to comment Share on other sites More sharing options...
talahtnut Posted August 4, 2022 Share Posted August 4, 2022 1 hour ago, Sparktrader said: Stocks are up 10% Inflation up 15% Stocks are not your assets, you have no control. Link to comment Share on other sites More sharing options...
Mac Mickmanus Posted August 4, 2022 Share Posted August 4, 2022 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 1 1 Link to comment Share on other sites More sharing options...
Sparktrader Posted August 4, 2022 Share Posted August 4, 2022 4 minutes ago, talahtnut said: Inflation up 15% Stocks are not your assets, you have no control. You can sell them Link to comment Share on other sites More sharing options...
Sparktrader Posted August 4, 2022 Share Posted August 4, 2022 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 1 Link to comment Share on other sites More sharing options...
talahtnut Posted August 4, 2022 Share Posted August 4, 2022 17 minutes ago, Sparktrader said: You can sell them Why have you not sold them? Link to comment Share on other sites More sharing options...
Sparktrader Posted August 4, 2022 Share Posted August 4, 2022 7 minutes ago, talahtnut said: Why have you not sold them? Sold what? 2 Link to comment Share on other sites More sharing options...
dj230 Posted August 4, 2022 Share Posted August 4, 2022 (edited) 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 Link to comment Share on other sites More sharing options...
Mac Mickmanus Posted August 4, 2022 Share Posted August 4, 2022 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 Link to comment Share on other sites More sharing options...
Sparktrader Posted August 5, 2022 Share Posted August 5, 2022 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 Link to comment Share on other sites More sharing options...
dj230 Posted August 5, 2022 Share Posted August 5, 2022 (edited) 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 Link to comment Share on other sites More sharing options...
Sparktrader Posted August 5, 2022 Share Posted August 5, 2022 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 Link to comment Share on other sites More sharing options...
Mac Mickmanus Posted August 5, 2022 Share Posted August 5, 2022 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 Link to comment Share on other sites More sharing options...
dj230 Posted August 6, 2022 Share Posted August 6, 2022 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%? Link to comment Share on other sites More sharing options...
Mac Mickmanus Posted August 6, 2022 Share Posted August 6, 2022 44 minutes ago, dj230 said: thats down 50%? It did previously get down 50 % , but it went up again Link to comment Share on other sites More sharing options...
Popular Post Hamus Yaigh Posted August 6, 2022 Popular Post Share Posted August 6, 2022 (edited) 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 4 Link to comment Share on other sites More sharing options...
dj230 Posted August 6, 2022 Share Posted August 6, 2022 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. Link to comment Share on other sites More sharing options...
Mac Mickmanus Posted August 6, 2022 Share Posted August 6, 2022 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 Link to comment Share on other sites More sharing options...
Maha Sarakham Posted August 6, 2022 Share Posted August 6, 2022 The word of mouth and buzz around Bitcoin amongst the general public has died down, not as many suckers buying high and selling low. 1 Link to comment Share on other sites More sharing options...
1FinickyOne Posted August 6, 2022 Share Posted August 6, 2022 On 8/5/2022 at 2:35 AM, talahtnut said: you have no control. Control? control is even more of an illusion than bitcoin Link to comment Share on other sites More sharing options...
smutcakes Posted August 8, 2022 Share Posted August 8, 2022 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. 1 Link to comment Share on other sites More sharing options...
dj230 Posted August 8, 2022 Share Posted August 8, 2022 (edited) 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 Link to comment Share on other sites More sharing options...
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