I am buying Rivian for $5k at the current price. With the R2 reveal coming up next week, I think they will have a nice pop all the way through their next earnings call where they disclose the number of deposits they collected on the new model.
Given how fast things are changing, I am more comfortable with index funds and treasury mutual funds at the moment.
Nvidia, Bitcoin, AMZN, magnificent 7, etc. Everything seems so overvalued. I canât even seems to understand my own companyâs stock movements let alone predict how other stocks are going to do.
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Still true to this day. I wonder where that guy NJC is now?
https://x.com/simplybitcointv/status/1763492989978955995?s=46&t=5nJZ8HCy3l6Fh2rzjfs2GA
The halving is coming. Beware of paper Bitcoin. Not your keys not your Bitcoin. There will only be 21mil.
What should you really do? 3-6 months worth of expenses in short dated US Treasuries. The remainder in SPY. Did your broker/guy/advisor beat the S&P 500 even once in the last 10 years net of fees? Doubt it. Yes, itâs really that simple. Donât let anyone tell you otherwise.
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My bitcoin cash and ethereum classic are doing even better. Altcoins all booming too. Still not too late to buy in but itâs getting there. Iâll be adding on the next downturn for sure. 100k by summer for btc. So much momentum.
Theyâre all scams and are captured. All the altcoins ride on the back on Bitcoin. Most even copied and pasted Bitcoinâs core code and used all these marketing schemes to try and get people to buy in. Bitcoin has never and will never have a marketing team because no one controls it.
Jim I wouldnât have fancied you a crypto guy. For my fun money, I think Solana and WorldCoin have merit. Of course Bitcoin and Ethereum will always be Bitcoin and Ethereum.
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Quite happy with my position in MARA(thon) Digital⌠DCAd from ~13 down to ~4 and it paid off. Rode it back to ~30, took my initial investment and some profit and still hold more than half of my shares. Actually hoping itâll pull back significantly, so I can double or triple my position.
Hard for me to recommend a stock Iâm down 85% on but Plug Power has been moving up and down sharply
Iâm just curious why donât you hold the underlying asset? Why take on counter-party risk?
I always buy alt coins when bitcoin and ethereum go up fast, just as a trade. They always seem to follow. I donât hold any long term
You know what they sayâŚ. The trend is your friend. I think thatâs one area thatâs hard to grasp for many. The amount of capital required to double an alt coin versus doubling bitcoin for example isnât even close. You must always pay attention to market cap and flows. The American 401(k) is what provides the never ending flow of capital to US indexes.
Oh and the Fed money printer. Still my favorite chart.
Comedy gold.
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Trading the BTC miners is almost like trading BTC with a 2-3x leverage. Higher risk - higher reward.
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You have some exposure to Bitcoin but youâre not maximizing the reward. Why own paper Bitcoin exposing yourself to counter-party risk, when you can own the asset itself? There will only ever be 21mil Bitcoin. This is 100% certain. Thereâs only less 2mil left to mine. And with the upcoming halving, the mining reward will be cut in half making the ones in circulation more scarce.
Do you always recommend such fantastic sounding stocks???
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Shouldâve sold it when it was $75 lol
SMCI is fire though
This is the most repeated quote most of the time⌠be in casino or stock market or crypto or housing, etc
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@Jrouleau426 would you pick up RIVN as gable to see if it survives? or there is no way to survive without more dilution?
Anyone buying Tesla? down to $174/share and down 30% YTD