Lafleurs Guy
Guuuuuuuy!
- Jul 20, 2007
- 80,113
- 52,317
Trump was against Bitcoin until he wasn't... And he can reverse himself again. There's nothing behind that currency and it's why it's so volatile.
OT: Lets talk about stocks (Part 3)
- Thread starter Lshap
- Start date
What a year for buy and hold investors. 26% YTD with fairly low risk. Big winners were WELL, TRP, BN, VFV.
Actually had really good entry points and material balances in BTC and TSLA. Failing to hold through end of the year cost me around 100k but the casino stuff isn’t my thing, got cold feed and exited early. Oh well.
Actually had really good entry points and material balances in BTC and TSLA. Failing to hold through end of the year cost me around 100k but the casino stuff isn’t my thing, got cold feed and exited early. Oh well.
the valiant effort
settle down, bud
- Apr 17, 2017
- 5,270
- 6,512
MD thaivuN
Anime Music Hipster
this month was pretty insane for Quantum Computing stocks. a lot of them jumped >100% in that time frame. This sector feels like massive gambling right now.
Lafleurs Guy
Guuuuuuuy!
- Jul 20, 2007
- 80,113
- 52,317
MD thaivuN
Anime Music Hipster
Lafleurs Guy
Guuuuuuuy!
- Jul 20, 2007
- 80,113
- 52,317
Geez those are some crazy spikes.
anyone in these? Is this just a pump and dump or is this the start of a long run?
MD thaivuN
Anime Music Hipster
i wanted to get into RGTI when it was $7/share as a decent value gamble but it flew too fast beyond my confortable price. Right now, the whole sector is a bubble that's ready to burst. All of those companies mentioned pretty much have dogshit financials as you would expect from penny stocks a month ago lol. They all bleed money and aren't at a stage where revenue is growing fast enough.
I would buy if they were still in penny stock price range, but none of them aren't good value right now. FOMO is so strong right now that even companies that aren't doing Quantum Computing but have the word Quantum in their name are getting huge price surges lol.
DCA most of your money into XEQT. Simplest strategy for Canadians IMO, especially if you have no idea what you’re doing. You’ll probably beat all your friends in the long run who are picking stocks based on reading hockey forums :p (or doing voodoo technical analysis crap)
It’s super boring though. Feel free to take some risks with smaller amounts, on asymmetrical opportunities. You’re probably knowledgeable about something… think about what you think the future will look like in 5-10 years in that particular industry/field and then invest in companies that are early in shaping that future (and nobody in the mainstream is talking about it yet).
It’s fun and will you will learn about the emotional side of investing too. You will sell too early on some and hold too long on others.
Either way, you’ve been DCA’ing XEQT the whole time so you’re doing well.
Most importantly don’t follow any of my advice because I’m not a financial advisor.
LaP
Registered User
The pattern is easy. They are in favor of crypto after they bought some and them being in favor means the price will go up. It's stupid i know but it is what it is we are in 2024. Then they'll sell and be against which will drive the price down for a short time and then rinse and repeat. Musk was sued for it but won. Crypto wont be regulated until people put pressure because they are all making lot of money with it. You can manipulate the market at will if you are a popular influencer and make easy money without much risk (if any) of ending in prison. And in 2024 all popular politicians and popular political figures are also popular influencers.
LeHab
Registered User
- Aug 31, 2005
- 15,993
- 6,286
Crypto corporations were big donors in last elections.
Trump family is in Crypto business now with World Liberty Financial project. Trump has also nominated a very pro crypto new SEC chairman.
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