This is a good thread: -
https://twitter.com/jonwu_/status/1536476104986267648
BITCOIN as an alternative to regular currency
in fairness, he produced a nice little article about the whole process: https://blockster.com/scam-or-no-scam/. warts 'n allNaffman wrote: ↑Tue Jun 14, 2022 1:01 pmThe irony of it allEuler wrote: ↑Tue Jun 14, 2022 12:52 pmThis is a good thread: -
https://twitter.com/jonwu_/status/1536476104986267648
In Adam Todd news, Digitex market cap gone from a high of 104 million to now just over 23k
Full-on meltdown now across the Crypto universe.
You will only get to see who is naked when the tide goes out and it looks like there will be a lot of naked people flaying around on the rocks. I didn't realise that there were so many dodgy ETF style companies out there. Surely they must have known that volatility was going to kill them at a moment like this?
You will only get to see who is naked when the tide goes out and it looks like there will be a lot of naked people flaying around on the rocks. I didn't realise that there were so many dodgy ETF style companies out there. Surely they must have known that volatility was going to kill them at a moment like this?
Feels so reminiscent of Football Index albeit on a much much larger scale, holders can see the warning flags but will keep buying more and more as it continues down.Euler wrote: ↑Wed Jun 15, 2022 9:43 amFull-on meltdown now across the Crypto universe.
You will only get to see who is naked when the tide goes out and it looks like there will be a lot of naked people flaying around on the rocks. I didn't realise that there were so many dogy ETF style companies out there. Surely they must have known that volatility was going to kill them at a moment like this?
Real estate next…
Yes, crypto is way down but so is the stock market and a lot of other alternative investments. Even cash is worth a decent % less this year going by energy, food and fuel prices so pick your poison.BFDon wrote: ↑Tue Jun 14, 2022 8:51 amIt's rough out there but some context is needed. YTD S&P down 21.8%, Amazon 39%, Tesla 46%. Gold had a nice run in January but essentially flat over 2 years, no better than BTC or ETH. It will be interesting if we continue this bearish macro outlook just how much crypto will fall
Everything was way too high in 2020/2021 so it's only natural for all these assets to revert back to the mean. For crypto the outfall is a lot worse because of the higher risk:reward nature.
I think some cryptos will suffer the same fate as LUNA and go to 0 but I believe a lot will recover and be used more in the future. The concept of a digital currency is just too useful the way things are going.
I don't think people should invest more than 1-2% of their total savings or net worth in crypto but recall some hedge fund managers stating that there is more risk/value to be lost by not owning any than putting 1% of their capital into it. It has to be an amount that won't make a difference if you lose all of it
https://www.youtube.com/watch?v=9fVzWE0JwRw
It's staggering to think where the markets were at the end of last year from the pandemic lows. The SPX more than doubled in value. But it's an example of how hard it is to time the market, a lot of people went to cash for that run.alexmr2 wrote: ↑Wed Jun 15, 2022 2:05 pmYes, crypto is way down but so is the stock market and a lot of other alternative investments. Even cash is worth a decent % less this year going by energy, food and fuel prices so pick your poison.BFDon wrote: ↑Tue Jun 14, 2022 8:51 amIt's rough out there but some context is needed. YTD S&P down 21.8%, Amazon 39%, Tesla 46%. Gold had a nice run in January but essentially flat over 2 years, no better than BTC or ETH. It will be interesting if we continue this bearish macro outlook just how much crypto will fall
Everything was way too high in 2020/2021 so it's only natural for all these assets to revert back to the mean. For crypto the outfall is a lot worse because of the higher risk:reward nature.
I think some cryptos will suffer the same fate as LUNA and go to 0 but I believe a lot will recover and be used more in the future. The concept of a digital currency is just too useful the way things are going.
I don't think people should invest more than 1-2% of their total savings or net worth in crypto but recall some hedge fund managers stating that there is more risk/value to be lost by not owning any than putting 1% of their capital into it. It has to be an amount that won't make a difference if you lose all of it
https://www.youtube.com/watch?v=9fVzWE0JwRw
Agreed about crypto. There's been a lot of badly managed risk which is now unwinding and I have little confidence in the vast majority of coins but there's also some very smart, successful people committed to building and i'm bullish on BTC and ETH long term. It is certainly no replacement for stocks in an investment portfolio but the risk warrants a small holding as you say with a long term view. I'm fully prepared to lose everything i've put in
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jamesedwards
- Posts: 4370
- Joined: Wed Nov 21, 2018 6:16 pm
It looks fairly bad here but AUS/NZ/CAN look like they're in real troublejamesedwards wrote: ↑Wed Jun 15, 2022 10:23 pmNo chance. Population growing far faster than homes can ever be built. ↑↑↑demand + ↑supply = ↑↑price.
