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Discussion Starter · #1 ·
Are any of you taking advantage of the huge setbacks many crypto and blockchain stocks are taking lately by buying them up at bargain prices? Or are you siding on the cautious side because you don't know what the future holds? Some examples of these stocks are as follows:

Canadian Stocks

DMGI
HIVE
CWRK
DGHI
GLXY
HUT

US Stocks

CAN
EBON
FTFT
SOS
RIOT
MARA

I have owned some of them and still own a handful. I am hearing some of the financial experts say to buy blockchain while it's cheap. Eventually it will pay off. What's your feeling on them?
 

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Are any of you taking advantage of the huge setbacks many crypto and blockchain stocks are taking lately by buying them up at bargain prices? Or are you siding on the cautious side because you don't know what the future holds? Some examples of these stocks are as follows:

Canadian Stocks

DMGI
HIVE
CWRK
DGHI
GLXY
HUT

US Stocks

CAN
EBON
FTFT
SOS
RIOT
MARA

I have owned some of them and still own a handful. I am hearing some of the financial experts say to buy blockchain while it's cheap. Eventually it will pay off. What's your feeling on them?
Go to casino,at least they are regulated
 

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Discussion Starter · #3 ·
robertsclak, a lot of people have made a lot of $$$ over the past year or more on those very stocks. Gambling or not, lots of volatility and lots of opportunity...:)
 

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Those are pretty speculative. There may be more potential upside, but the downside is even greater. HIVE, for example, is down 45%. HUT is down nearly 40%. At the same time, Bitcoin is only 19% off its all-time high.

I place these stocks in the same category as I place altcoins: they derive their value from Bitcoin, so when Bitcoin loses value, these lose even more value.

I'd rather buy an ETF like HBLK that contains a mix of blockchain and tech stocks, including several established companies that aren't completely reliant on crypto.

For greater exposure to crypto, I prefer to hold actual Bitcoin.
 

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robertsclak, a lot of people have made a lot of $$$ over the past year or more on those very stocks. Gambling or not, lots of volatility and lots of opportunity...:)
Have people that have made money in crpyto, taken profits out of crypto or just reinvested? I have seen few people do this. If crypto crashes, there will be little actual money leftover. An implosion where all the damage is contained within.
 

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Discussion Starter · #6 ·
I would venture to guess that it's been a combination of all the above you've mentioned. Some people always want to go back and milk the same cow again and again, or at least a cow in the same pasture, while others don't hesitate to take their cash and move it into other places.
 

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Are any of you taking advantage of the huge setbacks many crypto and blockchain stocks are taking lately by buying them up at bargain prices?
How do you know it's a "bargain" price? What underlying reason is there to believe that something like Bitcoin is sure to rise in the future?

For all you know, today is the highest price you will ever see on any of these.
 

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Discussion Starter · #8 ·
Well, could say the same thing with any stock on any market. When a stock drops a considerable amount over one day or several days, there is always the distinct possibility of a correction or rebound. Of course history is never an indicator of a future stock price but it is certainly one of many ways to speculate. If you look at a number of factors, including the price range and the amount of time the stock has spent in various ranges, that can be an indicator of things to come. But for people who only run the other way when these exciting volatile stocks jump up and down, we know where they stand! It's definitely nice to get the viewpoints of everyone, those who are fearful and those who look for the challenges and opportunities.
 

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Well, could say the same thing with any stock on any market.
That's really not true. Stocks are ownerships in companies, which have earnings. (Some stocks do not have earnings and these are speculative). The major companies in the indexes certainly do have positive earnings. So for example when you own XIC you have a stake in a portfolio of companies which have net income.

We know over the long term, corporate earnings grow at a certain pace. So it's more or less guaranteed that X years in the future, the stock market has higher net earnings (cashflow) than today.

Those are a fundamental basis for investing in the stock market. It's why we all expect stocks to ... eventually ... rebound, no matter how badly they fall.

There is nothing like this in crypto koins. There is absolutely no fundamental basis to expect them to go higher in the long term. There isn't even a demonstrated history of, say, a half century that can give us some historical confidence in their pattern.

You're buying crypto koins on pure faith, if you expect them to rebound. I hope you're not gambling too much money on these.
 

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Discussion Starter · #10 ·
You can have all the corporate earnings in the world, but there are many factors that can suddenly cause the price of a stock to drop considerably. There are problems with products and services, there are issues and scandals with executives, there are competitors that rise above, and the list goes on. And when the economy as a whole gets hit, whether it's a catastrophe or whatever the cause, earnings don't mean very much! It seems that every so often there is a major descent in the market which proves it would have been better for people to sell off and buy back in time and time again. That's not to say you can speculate this easily. My point is that buying index funds might be the simplest way to grow your portfolio but far from the best or only way.
 

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It is all a matter of risk and reward. If you expect higher reward, you should anticipate higher risk.
 

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You're buying crypto koins on pure faith, if you expect them to rebound. I hope you're not gambling too much money on these.
There are a few faith believers, but a lot of people are banking on gambling and speculation primarily. The idea they can just sell it to the next sucker for more. The last one out the door with the imaginary internet coins, don't forget to turn off the mining computer.
 

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There are a few faith believers, but a lot of people are banking on gambling and speculation primarily. The idea they can just sell it to the next sucker for more. The last one out the door with the imaginary internet coins, don't forget to turn off the mining computer.
Many people think that this is what "investing" means and this isn't new. Back in the 90s, people thought that investing meant gambling on hot tech stocks like IO-Mega and flipping them for quick profits.

It's sad, because most people who approach investing with this mindset will ultimately do worse than investing in GICs. These days, we are watching people in their 20s and 30s gambling with all their hard-earned savings.

On top of that, I'm reasonably sure that most of the crypto koinz are an outright scam. Just classic pump & dump, but on a global scale, aided by spammers and con artists who expertly work social media. Also encouraged by global criminals who use these vehicles for money laundering and drug & weapons sales, and want the added public enthusiasm to add liquidity and also mask their own activities.
 

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I have HIVE which I bought on the huge pullback in March. The miners are good because they mine all crypto coins. Other good stocks are Coinbase (which Cathy Wood has in her ARK ETFs now) and Voyager Digital that are really just exchanges.

The market cap is about $1.4T now for bitcoin but the addressable market is $13T for gold and another $96T for currencies in circulation which some don't seem to understand . If it replaces just 10% of currency ,that is $9.6T potential.

Gold is a similar asset in nature and risk but w far less upside potential. If you consider bitcoin a gamble, then you consider gold a gamble as well. But bitcoin has some utility as a means of payment, another reason for their soaring value and a far larger addressable market.
 

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Are any of you taking advantage of the huge setbacks many crypto and blockchain stocks are taking lately by buying them up at bargain prices? Or are you siding on the cautious side because you don't know what the future holds?
Add BITF and VYGR to your Canadian list, COIN and SI for US

I'm very bullish on blockchain/crypto/DeFi short/long term with the awareness that human nature will likely cause another bubble/crash in between. I really like these 20-30% setbacks that shake out weak hands and liquidate the highly leveraged gamblers

james4beach posted the top here when he bought in 2017 so that could be my sign for 2021 :p
 

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Many people think that this is what "investing" means and this isn't new. Back in the 90s, people thought that investing meant gambling on hot tech stocks like IO-Mega and flipping them for quick profits.

It's sad, because most people who approach investing with this mindset will ultimately do worse than investing in GICs. These days, we are watching people in their 20s and 30s gambling with all their hard-earned savings.

On top of that, I'm reasonably sure that most of the crypto koinz are an outright scam. Just classic pump & dump, but on a global scale, aided by spammers and con artists who expertly work social media. Also encouraged by global criminals who use these vehicles for money laundering and drug & weapons sales, and want the added public enthusiasm to add liquidity and also mask their own activities.
What underlying demand there is, is mostly related to illegal funding and currency transfers. As those avenues eventually get clamped down upon when inevitably countries start to not just discover billions of illegal funding moving around, it may take some type of action, like a massively funded terrorist attack or other such event, for the chains to really come down on all cryptocurrency. Maybe it won't be eliminated, but it will be suppressed enough that there won't be trillions of this around. Maybe some billions worth. 0.1% of what is out there now.
 

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As those avenues eventually get clamped down upon when inevitably countries start to not just discover billions of illegal funding moving around, it may take some type of action, like a massively funded terrorist attack or other such event, for the chains to really come down on all cryptocurrency.
Terrorists have been funded in USD for decades so why haven't they clamped down on that? This is just an outdated mainstream media narrative that boomers and dinosaurs repeat without any knowledge on the topic. If anything it's easier to track and surveil digital transactions.

Visa, Mastercard, Paypal, Square, all the major US banks have already announced they are adopting digital currencies in some form. All the major US crypto exchanges are launching debit/credit cards that can use digital USD that earns much better yield than traditional banks.

Several US states and federal agencies are adapting to this new reality. US, Canada and many other western countries are developing central bank digital currency. Of course Canada is several years behind the US so I can understand why Canadians have less awareness especially the older Canadians.
 

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Are any of you taking advantage of the huge setbacks many crypto and blockchain stocks are taking lately by buying them up at bargain prices? Or are you siding on the cautious side because you don't know what the future holds? Some examples of these stocks are as follows:

Canadian Stocks

DMGI
HIVE
CWRK
DGHI
GLXY
HUT

US Stocks

CAN
EBON
FTFT
SOS
RIOT
MARA

I have owned some of them and still own a handful. I am hearing some of the financial experts say to buy blockchain while it's cheap. Eventually it will pay off. What's your feeling on them?
Your miners HIVE AND HUT have leveraged upside to crypto prices. Even more so than the cryptos themselves but hard to tell earnings unless you know generally how their contracts are

CurrencyWorks(CWRK) just got listed today. Did you buy into the RTO or Pre-IPO rounds for it? Never heard of it till now.

New Guidance from CSA to the exchanges is a bit of a headache. Lots of companies wanting to list on TSXV and CSE using a go-public shell now are no longer able to, NEO Exchange I'm told is easier but not sure why that is.
 

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Discussion Starter · #19 ·
The purpose of this thread was to get people talking with their opinions on these crypto and blockchain stocks or funds and it seemed to work. I appreciate the feedback. It's been fun reading and gathering people's thoughts on this matter. There is no question that these stocks have shown a lot of volatility over the past few months. When there's volatility there activity, and when there's activity there's money being made and money being lost! Personally, I think some people made some great points about this sector that makes one think whether it's a good idea to invest in crypto/blockchain, and if so, to what extent for for what type of duration. It's interesting reading about the 'scams' and criminal activity related to crypto. I also thought Jimmy's comparison to gold was a good one. And gold has been a safe haven for many many years for a lot of people.
 

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I am getting into a bit of crytocurrency through qbtc and qeth. However I would only put a max of 5% in crypto as it's pretty volatile. I wouldn't mind adding a bit of voyager digital or coinbase as I think they will definitely play a big role in the future.
 
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