Joined
·
7,182 Posts
Me too. Same for Apple, Tesla etc. They always intrigue me then I read on here how overvalued they are
Exponential growth is hard to understand until it's hindsight
Posts by m3s
1 - 20 of 21 Posts
Exponential growth is hard to understand until it's hindsight
Joined
·
7,182 Posts
I came across ARKK and Cathie Wood first because of their presence in crypto. Another day years ago I noticed Elon Musk replying to her on Twitter (one of like 100 people he follows). Again this was several years ago. Few days ago a colleague mentioned her and suddenly I'm seeing her mentioned everywhere I look
She seems to ignore short term noise and look +10 years out. Some people have a knack or intuition for disruptive big picture long term potentials without worrying about the smaller details. Rather than analyzing bloomberg terminals in cubicles like everyone else she brainstorm with likeminded investors and send them to network with the industry
I always seem to get excited for things +10 years before they become mainstream. I try to bounce thoughts off others but the vast majority of people can't see that far. It made me second guess myself and miss out on huge investments. Once I stopped listening to all the naysayers it eventually comes to fruition
The best investments like this start out very slow with little interest. Especially if everyone else disagrees because they have blinders on or simply don't have the long term vision. She hasn't wavered from her investments for a long time it's not like she jumped on the bandwagon with the masses at the end
Joined
·
7,182 Posts
10 years later techs stocks are all the rage.
Joined
·
7,182 Posts
What do you think happens if everyone tried to transfer their stocks to a physical certificate??
What if I told you that this is exactly how crypto works except you can use decentralized exchanges to trade easier. You can also provide liquidity to the decentralized exchanges to earn income that these brokers are currently earning off your idle shares instead of you
Give it 5-10 years and stocks should be tokenized on blockchains
Joined
·
7,182 Posts
Yea we need social keys (can be recovered by x trusted guardians) Otherwise you can always pay for professional custody (should be distinct from an exchange employing "your" assets for liquidity)
Joined
·
7,182 Posts
I have a feeling emerging markets will perform well in this period. A pandemic is just another day in the park for them. They have always dealt with hardships and crisis. Weaker USD could be huge for them
Joined
·
7,182 Posts
Joined
·
7,182 Posts
I've been picking up stocks from ETF holdings like BLOK
The market has gone crypto crazy. I'd like to know why US based companies like Galaxy, Voyager etc are listed on CN
The market has gone crypto crazy. I'd like to know why US based companies like Galaxy, Voyager etc are listed on CN
Joined
·
7,182 Posts
I narrowed it down to ETH and ADA.
ETH pays me 5.5-6.5% (liquid) and 8% (bonded) and this is expected to increase after the ETH2 merge at these volumes. The fees will get burned at that point. This could make ETH the first capital that can also be liquid and a commodity (transaction fees) Visa, Mastercard and European banks will be using it for transactions
ADA pays me 5-6% (liquid) and is projected to have its biggest upgrade in Aug. They have agreements with governments and they have far more features for governance and sustainability. ADA seems more professional and advanced but nothing is really built on it yet. If they get smart contracts and DeFi before ETH2..
I have some exposure to BTC in TFSA/RRSP. I have random other tokens that have exploded but I don't see them sticking around. No DOGE yet
Joined
·
7,182 Posts
I haven't bought ETH for a long time @MrBlackhill but I hold a lot of it. I run an ethereum node and I used ethereum DeFi before the gas prices got out of hand (now hundreds of dollars per transaction..)
Lately I'm buying Polygon because it appears to be the best scaling solution coming to ethereum. It's easier to stake than ETH. If I sell some ETH after this pump cools off I might put more into Polygon. However if Cardano successfully launches smart contracts I will be laser focused on their DeFi projects. User experience is so much better with Cardano and the fees are tiny.
Look at VYGR, COIN etc. Voyager app has been crashing and getting complaints but I see that as unfortunate growing pains from exponential demand. Coinbase is now the #1 app in the US app store
Lately I'm buying Polygon because it appears to be the best scaling solution coming to ethereum. It's easier to stake than ETH. If I sell some ETH after this pump cools off I might put more into Polygon. However if Cardano successfully launches smart contracts I will be laser focused on their DeFi projects. User experience is so much better with Cardano and the fees are tiny.
Look at VYGR, COIN etc. Voyager app has been crashing and getting complaints but I see that as unfortunate growing pains from exponential demand. Coinbase is now the #1 app in the US app store
Joined
·
7,182 Posts
HUT 8 announces plans to list on NASDAQ
www.newswire.ca
Hut 8 Announces Plans to List on NASDAQ
/CNW/ - Hut 8 Mining Corp. (TSX: HUT) ("Hut 8" or the "Company"), one of North America's oldest and largest innovation-focused bitcoin miners, is pleased to...
www.newswire.ca
Joined
·
7,182 Posts
Elon Musk tweet storm about crypto over the weekend. US taxes are also due but I think it's more the uncertainty from the "technoking of Tesla"
Cardano, Solana, Polygon are up in a sea of red since this started because they are the most likely ones he would chose
Fixing Doge as Elon says they will try to do is possible but it would take a complete overhaul at this point
Joined
·
7,182 Posts
Sometimes we even get "buy the news" when the Fed gives "bad news" that isn't as bad as expected
It's like the reverse "buy the rumour" when the rumour is bad news. Just Wall Street doing Wall Street things
JPow loads his pellet gun with a rate hike and looks the rabid stimulus addicted elephant in the eye
1 - 20 of 21 Posts
Join the discussion
