OT: Crypto, Stocks, Bonds, Real Estate, Investments, IRAs & Finances, etc.

Knicks Byke · Post #721 » by **Knicks Byke** » Thu Jan 6, 2022 11:59 pm

Hey guys, would love the crypto enthusiasts here to pull up on the discord. We're a small group of professionals helping each other in this new asset space. /end promotion :lol:

But seriously if you want to chop it up and learn, https://discord.gg/RxYvksH3

knickabocker88 · Post #722 » by **knickabocker88** » Fri Jan 7, 2022 4:29 am

Looks like there's a lot of smart people in this room.

Simple question because I'm stupid, why did crypto dip after the fed indicated faster rate hikes? I get why tech stocks slid but didn't with crypto.

Post #723 » by **dakomish23** » Fri Jan 7, 2022 6:12 am

When asked why PR has no capital gains taxes, the Republican governor tried to push trickledown nevernomics.

It’s 2022 & the GOP still pushes this defunct policy. Unreal.

Garbagelo · Post #724 » by **Garbagelo** » Fri Jan 7, 2022 6:40 am

knickabocker88 wrote:Looks like there's a lot of smart people in this room.

Simple question because I'm stupid, why did crypto dip after the fed indicated faster rate hikes? I get why tech stocks slid but didn't with crypto.

Crypto is heavily correlated to tech stocks. Also crypto tends to be dumped first before tech stocks by institutions.

Im Coming Home · Post #725 » by **Im Coming Home** » Wed Jan 12, 2022 8:09 pm

I feel like NFT is muddying up the crypto scene. Its also crazy how many companies are willing to adopt NFTs already but never did with crypto.

I worry NFT will be the future instead of crypto which is absolutely should not be. NFT is so beyond stupid.

Garbagelo · Post #726 » by **Garbagelo** » Wed Jan 12, 2022 9:05 pm

Im Coming Home wrote:I feel like NFT is muddying up the crypto scene. Its also crazy how many companies are willing to adopt NFTs already but never did with crypto.

I worry NFT will be the future instead of crypto which is absolutely should not be. NFT is so beyond stupid.

I think NFTs add to the flair for crypto and it is definitely more interesting than trading stocks

It is just adding to the gamification of finance and the whole retail trading boom

Stannis · Post #727 » by **Stannis** » Thu Jan 13, 2022 3:49 am

Garbagelo wrote:
knickabocker88 wrote:Looks like there's a lot of smart people in this room.

Simple question because I'm stupid, why did crypto dip after the fed indicated faster rate hikes? I get why tech stocks slid but didn't with crypto.

Crypto is heavily correlated to tech stocks. Also crypto tends to be dumped first before tech stocks by institutions.

You think it will ever stop being like that?

I'm not really bullish on tech because of valuations. So I kinda hate how Bitcoin and Crypto in general follows tech and the NASDAQ

Garbagelo · Post #728 » by **Garbagelo** » Thu Jan 13, 2022 3:51 am

Stannis wrote:
Garbagelo wrote:
knickabocker88 wrote:Looks like there's a lot of smart people in this room.

Simple question because I'm stupid, why did crypto dip after the fed indicated faster rate hikes? I get why tech stocks slid but didn't with crypto.

Crypto is heavily correlated to tech stocks. Also crypto tends to be dumped first before tech stocks by institutions.

You think it will ever stop being like that?

I'm not really bullish on tech because of valuations. So I kinda hate how Bitcoin and Crypto in general follows tech and the NASDAQ

I think eventually Bitcoin will stop being correlated with everything but alts will always have loose connection with NASDAQ

Garbagelo · Post #729 » by **Garbagelo** » Sun Jan 16, 2022 1:42 am

I think we might have a hater period

Coins that everyone hates like ADA, EOS, and XRP may pump

DrCoach · Post #730 » by **DrCoach** » Sun Jan 16, 2022 3:31 am

$8000 worth of shin last would be worth 5.7 Bil now

SA37 · Post #731 » by **SA37** » Sun Jan 16, 2022 5:36 pm

In case anyone is interested, this was a really interesting interview with Ray Dalio:

https://www.bloomberg.com/news/audio/2022-01-07/ray-dalio-on-the-key-to-success-failing-well-podcast

HighRyzer83 · Post #732 » by **HighRyzer83** » Sun Jan 16, 2022 9:51 pm

Stannis wrote:
Garbagelo wrote:
knickabocker88 wrote:Looks like there's a lot of smart people in this room.

Simple question because I'm stupid, why did crypto dip after the fed indicated faster rate hikes? I get why tech stocks slid but didn't with crypto.

Crypto is heavily correlated to tech stocks. Also crypto tends to be dumped first before tech stocks by institutions.

You think it will ever stop being like that?

I'm not really bullish on tech because of valuations. So I kinda hate how Bitcoin and Crypto in general follows tech and the NASDAQ

Everything follows tech, even the non tech sectors. Whenever production or efficiency increases is either directly or indirectly involves that company's tech upgrade. Even something benign like HR payroll automation.

Tech is industry.

Zenzibar · Post #733 » by **Zenzibar** » Mon Jan 17, 2022 3:17 am

DrCoach wrote:$8000 worth of shin last would be worth 5.7 Bil now

Where do you go for your research?

Thanks!

Garbagelo · Post #734 » by **Garbagelo** » Sat Jan 22, 2022 7:26 am

Rekt

Also, SAND is at 3 dollars

HarthorneWingo · Post #735 » by **HarthorneWingo** » Sat Jan 22, 2022 9:17 am

Can anyone here explain crypto to me in one 10-15 line paragraph comprised of layman's terms?

Jose7 · Post #736 » by **Jose7** » Sat Jan 22, 2022 2:22 pm

HarthorneWingo wrote:Can anyone here explain crypto to me in one 10-15 line paragraph comprised of layman's terms?

just dont trust anyone that lumps bitcoin in with "crypto". Two very different things. One solves money and the others promises random **** to incentivize you to buy their tokens.

that is all.

Esq-4 · Post #737 » by **Esq-4** » Sat Jan 22, 2022 3:13 pm

Jose7 wrote:
HarthorneWingo wrote:Can anyone here explain crypto to me in one 10-15 line paragraph comprised of layman's terms?

just dont trust anyone that lumps bitcoin in with "crypto". Two very different things. One solves money and the others promises random **** to incentivize you to buy their tokens.

that is all.

Where do you feel ETH falls between Bitcoin and altcoins?

HarthorneWingo · Post #738 » by **HarthorneWingo** » Sat Jan 22, 2022 6:03 pm

Jose7 wrote:
HarthorneWingo wrote:Can anyone here explain crypto to me in one 10-15 line paragraph comprised of layman's terms?

just dont trust anyone that lumps bitcoin in with "crypto". Two very different things. One solves money and the others promises random **** to incentivize you to buy their tokens.

that is all.

Thanks Jose. So then what is “bitcoin” and what does “solving money” mean?

Stannis · Post #739 » by **Stannis** » Sat Jan 22, 2022 7:45 pm

Garbagelo wrote:Rekt

Also, SAND is at 3 dollars

lol nice call. But even at 3 dollars, do you even like it here?

Everything seems too scary to buy here other than BTC.

Jose7 · Post #740 » by **Jose7** » Sat Jan 22, 2022 11:11 pm

Esq-4 wrote:
Jose7 wrote:
HarthorneWingo wrote:Can anyone here explain crypto to me in one 10-15 line paragraph comprised of layman's terms?

just dont trust anyone that lumps bitcoin in with "crypto". Two very different things. One solves money and the others promises random **** to incentivize you to buy their tokens.

that is all.

Where do you feel ETH falls between Bitcoin and altcoins?

ETH is a security papi. Ginsler has even considered this since his MIT blockchain teaching days. Eth will move to eth 2.0 as a POS model away from proof of work where it becomes even more centralized. Eth also has a pre mine.