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  #141  
Old 19.05.2021, 17:51
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Re: Dogecoin

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What a day, and then Coinbase is offline temporarily so that you can watch your miney disappear live on CNBC without ability to act. Probably Musk will take to twitter tonight to guide with his wisdom.

This market is a joke.
He already did by tweeting: “Tesla has diamond hands!”

https://finance.yahoo.com/video/musk...tentType=VIDEO

At the end of the day, one shouldn’t view it as a crypto-market crash but merely huge correction given overall assets volatility. Greedy, get-rich-fast-wannabes, those impatient panic driven retail-suckers will always get their hands burnt, but true long term HODLer’s and believers will always prevail.

Last edited by jacek; 19.05.2021 at 18:34.
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  #142  
Old 19.05.2021, 20:35
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Re: Dogecoin

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If I'm reading psychology right:

Bitcoin is on the edge of a pretty severe crash, investors will move their money into alternative coins which will have a significant bounce followed by a bigger crash. Money fleeing crypto as a class will bolster the high p/e end of the stock market.

There will be a winter followed by a rise again but I doubt we will see the kind of % rises we saw in recent months.

Eventually it will stabilise.

But for now there's just way, way too much money in an asset class which is purely a speculative vehicle. I think joe public thinks the good times will never end and once they do a lot will never re-enter.

But this is based on no fundamentals whatsoever so could be 100% wrong.
You were right about a severe crash as you put it.
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  #143  
Old 19.05.2021, 20:38
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Re: Dogecoin

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He already did by tweeting: “Tesla has diamond hands!”

https://finance.yahoo.com/video/musk...tentType=VIDEO

At the end of the day, one shouldn’t view it as a crypto-market crash but merely huge correction given overall assets volatility. Greedy, get-rich-fast-wannabes, those impatient panic driven retail-suckers will always get their hands burnt, but true long term HODLer’s and believers will always prevail.
Agree, big correction today in a lot of asset classes, including commodities.
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  #144  
Old 19.05.2021, 20:45
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Re: Dogecoin

Haven’t seen so much optimism coming from Cathie Woods of Ark for ages
https://finance.yahoo.com/news/ark-i...165404855.html
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  #145  
Old 19.05.2021, 20:56
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Re: Dogecoin

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You were right about a severe crash as you put it.
I wonder if I'm right about a run into growth equities which have taken a real battering recently. Some Chinese companies, especially Tencent look cheap.

I've upped my stake in JCGI.
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  #146  
Old 19.05.2021, 22:06
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Re: Dogecoin

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I wonder if I'm right about a run into growth equities which have taken a real battering recently. Some Chinese companies, especially Tencent look cheap.

I've upped my stake in JCGI.
I’m listening lol. And the Doge?
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  #147  
Old 19.05.2021, 22:26
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Re: Dogecoin

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I’m listening lol. And the Doge?
God knows! Given the ridiculous growth a big crash should happen but really guessing crypto movements is a mugs game.
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  #148  
Old 19.05.2021, 22:30
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Re: Dogecoin

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I’m listening lol. And the Doge?
If in trouble, double. Always works.
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  #149  
Old 20.05.2021, 07:44
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Re: Dogecoin

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What a day, and then Coinbase is offline temporarily so that you can watch your miney disappear live on CNBC without ability to act. Probably Musk will take to twitter tonight to guide with his wisdom.

This market is a joke.
You are mistaken if you think there's still a market, if central banks buying up securities left, right and center.

It's a silly casino, fueled with our retirement money, savings and future tax earnings.
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  #150  
Old 20.05.2021, 09:52
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Re: Dogecoin

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You are mistaken if you think there's still a market, if central banks buying up securities left, right and center.

It's a silly casino, fueled with our retirement money, savings and future tax earnings.
It is in a way, except you also have the chance to make lots of money too if you know what you are doing.

Actually, if I was buying Bitcoin I’d buy now and it did hit my predicted 30-35k drop Hickvonfrick ($29’800)...Dogecoin is also back up and heading towards 0.40, those Reddit geezers are trying to push it to a dollar, they‘re obsessed.
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  #151  
Old 20.05.2021, 10:10
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Re: Dogecoin

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It is in a way, except you also have the chance to make lots of money too if you know what you are doing.

Actually, if I was buying Bitcoin I’d buy now and it did hit my predicted 30-35k drop Hickvonfrick ($29’800)...Dogecoin is also back up and heading towards 0.40, those Reddit geezers are trying to push it to a dollar, they‘re obsessed.
Managed to get 0.5 BTC at 31K, I think its a good catch. Missed that 29k mark
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  #152  
Old 20.05.2021, 10:28
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Re: Dogecoin

From now on, I’m only interested in investing in PoS instead of PoW based coins.
https://www.theguardian.com/technolo...rbon-emissions

Last edited by jacek; 20.05.2021 at 11:47.
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  #153  
Old 20.05.2021, 10:41
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Re: Dogecoin

Reading this, I‘ll be picking up some more TSLA at the price it is, I won‘t be stocking up on Dogecoin after the recent antics with Crypto...TSLA is a safer investment at the moment even though I‘m a Dogecoin supporter.
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  #154  
Old 20.05.2021, 11:23
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Re: Dogecoin

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Reading this, I‘ll be picking up some more TSLA at the price it is, I won‘t be stocking up on Dogecoin after the recent antics with Crypto...TSLA is a safer investment at the moment even though I‘m a Dogecoin supporter.
The term "Dogecoin supporter" underlines the nature of this market, it is about faith and belief.

On Tesla, I would agree that now at 550 or so we have seen the biggest part of the overdue correction and further puts are riskier. Not sure I buy the stock though. But then, what do I know?
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  #155  
Old 20.05.2021, 12:28
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Re: Dogecoin

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Reading this, I‘ll be picking up some more TSLA at the price it is, I won‘t be stocking up on Dogecoin after the recent antics with Crypto...TSLA is a safer investment at the moment even though I‘m a Dogecoin supporter.
Pick-up trucks are not a big thing here, but are you aware of F150 EV launch?

This is a watershed moment. With US incentives the initial purchase price of 40K USD, decreases to 31-32K. About ~8K less that a Tesla Model 3. I have not yet talked to friends in the US, but the deal is you get a F-150 for the price of a Nissan Leaf (until the Ford EV incentives expire). Also, utility companies will fight to get these things.

Ford went to the neck of the pick-up truck segment. Tesla has a nice but old luxury sedan (model S) and the luxury SUV (X) which are competitive but the segments are low sales volume. The Model 3 has nothing iconic or remarkable. The main selling point was being the most affordable serious EV. At least in the US that point is gone for a while. On this side of the Atlantic, VW is churning out small electric SUVs while Tesla is building the the new Berlin airport.....sorry a new manufacturing plant in Grünheide. So, when the model Y arrives to Europe it will already have a dozen well established competitors.

Tesla had a 10 year advantage once, but it seems they quit the race and are just enjoying their memories of their remarkable past achievements.
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  #156  
Old 20.05.2021, 12:45
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Re: Dogecoin

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The term "Dogecoin supporter" underlines the nature of this market, it is about faith and belief.

On Tesla, I would agree that now at 550 or so we have seen the biggest part of the overdue correction and further puts are riskier. Not sure I buy the stock though. But then, what do I know?
At P/E of 550 or so. Given their potential to grow their profits hugely (they only just became profitable recently), and expand into other fields. I find that price about right. Or at least, put it this way - I'd rather buy Tesla than American Airlines. Value companies are stupidly overpriced in general atm.
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  #157  
Old 20.05.2021, 12:48
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Re: Dogecoin

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Pick-up trucks are not a big thing here, but are you aware of F150 EV launch?

This is a watershed moment. With US incentives the initial purchase price of 40K USD, decreases to 31-32K. About ~8K less that a Tesla Model 3. I have not yet talked to friends in the US, but the deal is you get a F-150 for the price of a Nissan Leaf (until the Ford EV incentives expire). Also, utility companies will fight to get these things.

Ford went to the neck of the pick-up truck segment. Tesla has a nice but old luxury sedan (model S) and the luxury SUV (X) which are competitive but the segments are low sales volume. The Model 3 has nothing iconic or remarkable. The main selling point was being the most affordable serious EV. At least in the US that point is gone for a while. On this side of the Atlantic, VW is churning out small electric SUVs while Tesla is building the the new Berlin airport.....sorry a new manufacturing plant in Grünheide. So, when the model Y arrives to Europe it will already have a dozen well established competitors.

Tesla had a 10 year advantage once, but it seems they quit the race and are just enjoying their memories of their remarkable past achievements.
I see it as the iphone question. I'm a person almost entirely unconcerned with fashion and brands and who likes a good deal. Yet want an iphone each time. I know it, its reliable and it works. Yes its probably overpriced but I just don't are.

I think people will buy Tesla's even if they are more expensive because they have got that brand pulling power. They turn heads and are seen as desirable and cool. A Nissan Leaf is neither.
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  #158  
Old 20.05.2021, 12:58
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Re: Dogecoin

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I see it as the iphone question. I'm a person almost entirely unconcerned with fashion and brands and who likes a good deal. Yet want an iphone each time. I know it, its reliable and it works. Yes its probably overpriced but I just don't are.

I think people will buy Tesla's even if they are more expensive because they have got that brand pulling power. They turn heads and are seen as desirable and cool. A Nissan Leaf is neither.
You missed the F150. On the other side of the Atlantic, the F150 is the Skoda Octavia combi.

People do buy more expensive cars for brand pulling power, desirability and coolness. I'm one of them. But said cars are low volume and high margin. Nothing wrong with making lots of money by selling not that many cars. But the Tesla world conquering plans won't materialize. Tesla as another Porsche, totally feasible. Tesla as another Toyota, no way, not even another Ford. Price accordingly.
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  #159  
Old 20.05.2021, 13:01
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Re: Dogecoin

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You missed the F150. On the other side of the Atlantic, the F150 is the Skoda Octavia combi.

People do buy more expensive cars for brand pulling power, desirability and coolness. I'm one of them. But said cars are low volume and high margin. Nothing wrong with making lots of money by selling not that many cars. But the Tesla world conquering plans won't materialize. Tesla as another Porsche, totally feasible. Tesla as another Toyota, no way, not even another Ford. Price accordingly.
Before the iphone, phones seemed to be all commodity priced. Yet that changed.

I'm pretty sure desirable brands like Mercedes etc. are actually no more profitable than more value brands in the car industry. In other words, they aren't actually quality brands that have high ROCE.

I suspect Tesla will be able to shake that up somewhat, especially if it can get economies of scale. And cut out the middle men dealers, and sell ancillary charging devices etc. and potentially get into the self driving stuff.
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Old 20.05.2021, 13:10
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Re: Dogecoin

Innovative cars talk. I hope that NIO will recover at some point and hit ATH again. What happened to the ole Do(d)ge Challenger topic?
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