The Rokslide Stock Traders Thread

Joined
Jan 18, 2022
Messages
436
BTC can only store as much value as someone else is willing to buy it from you for.

Similar to gold, but at least gold can be made and used in other things. BTC no so much. It’s a speculation play, one that has made people rich, but let’s not confuse it for what it is.


Sent from my iPhone using Tapatalk Pro
From that article I linked: “Bitcoin is a high-risk asset that mostly trades on vibes, and it has no fundamentals. In many ways, that makes the cryptocurrency the ideal asset to create a bubble since it can theoretically be pumped forever. There's no real basis to claim it's overvalued or undervalued.”
 

2531usmc

WKR
Joined
Apr 5, 2021
Messages
490
From that article I linked: “Bitcoin is a high-risk asset that mostly trades on vibes, and it has no fundamentals. In many ways, that makes the cryptocurrency the ideal asset to create a bubble since it can theoretically be pumped forever. There's no real basis to claim it's overvalued or undervalued.”
One one hand, the govt is destroying the value of the dollar, so we’re looking for a store of value in btc. But on the other hand, I think buying btc is simply buying a software algorithm that has zero intrinsic value. Time will tell…
 

BBob

WKR
Joined
Jun 29, 2020
Messages
4,478
Location
Southern AZ
I'm always curious of these tips....one look at their 5 year chart threw cold water on my curiosity
It’s been shorted heavily recently. Cramer even panned it! But if you believe in the Cramer opposite affect maybe it has a chance? 🤣

“Not enough specialty,” Cramer said when asked about ZoomInfo Technologies Inc. (NASDAQ:ZI). “Let's pass on that.”

On Nov. 12, ZoomInfo Technologies reported better-than-expected earnings for its third quarter.
 
Joined
Jul 29, 2014
Messages
1,421
Bitcoin has fundamentals. It's the hardest asset, best money there is. There is states, nations, and the united states filing paper work and pushing hard for strategic bitcoin reserves now. Pensions, corporations and billionaires are buying it up. Wallstreet etfs, Larry Fink and blackrock are loading up. Game theory is going to kick in and the race will be on. It's going to 100k to 150k by Christmas. 1 million as soon as next year or by 2030 at the lastest. And then to 13 million plus. Fidelity says it could be 1 billion by 2038. You might want to get some incase it catches on.




Sent from my iPhone using Tapatalk
 

eyeguy

Lil-Rokslider
Joined
Mar 19, 2017
Messages
271
Location
IOWA
Bitcoin is an interesting one. The longer it sticks around and the more infrastructure that is set up to manage it [etf's, places like Robinhood that trade it, fund managers not only allowing but some recommending a small allocation in some portfolios, the better chance that it has to stick around and be a true store of value like gold and silver. I realize its different bc you cant hold it but that is also part of what makes it unique. Other digital assets work better for small purchases as far as cost of transactions so not sure it will ever thrive as digital money.
Its limited supply 21 million max [19.88 million already mined] make it one of the few things that cant be printed and printed into oblivion.
Talk about holding some in the federal reserve has been thrown around but I see that as a hard sale when we dont know for sure who created it and if they are or are not alive... I have some but realize it could go south in a hurry. Do your own research this is not financial advise! ha
 
Top