The Official Stock Market Thread

[bradical]

Originally Posted by KhalDrogo

There is absolutely no dollar value of the pure ownership or experience of crypto.

For some (read: most) the gamble is the experience. And I get it, that's from an investors perspective, but even a "hobbyist" in terms of collecting is a capitalist at heart, and has their price, whether or not they will admit that is another thing.

[jcardstore]

What people can’t seem to figure out is that real estate is entirely local and no 2 markets are alike.

There are plenty of areas in the Midwest that are gonna be unaffected or go down minimally. And it really only matters to new buyers from the last 2 years.

My house doubled in paper value since we bought it in early 2019 and I refinanced and got a 2.71. I couldn’t care any less if the paper value of my house goes down 10% or 20% or whatever it makes no difference.

RE investors in cities like Atlanta, Dallas/Austin, areas in Florida are the ones who should be worried

[jcardstore]

If you’re a regular homeowner, with a fixed rate, and not desperate to move in the next 2 years what are you worried about?

[jcardstore]

Originally Posted by KhalDrogo

A hobbyist puts a dollar value on pure ownership or experience. There is absolutely no dollar value of the pure ownership or experience of crypto. Many groups marketed subscription services as NFTs to justify ridiculous prices. But crypto doesn’t even have that.

Says you the non believer but millions of people put a dollar value to the ownership and experience of crypto.

[babyfaceposey]

Originally Posted by jcardstore

What people can’t seem to figure out is that real estate is entirely local and no 2 markets are alike.

There are plenty of areas in the Midwest that are gonna be unaffected or go down minimally. And it really only matters to new buyers from the last 2 years.

My house doubled in paper value since we bought it in early 2019 and I refinanced and got a 2.71. I couldn’t care any less if the paper value of my house goes down 10% or 20% or whatever it makes no difference.

RE investors in cities like Atlanta, Dallas/Austin, areas in Florida are the ones who should be worried

Not worried in Pensacola, Florida. There is not enough housing for the influx of people moving here who are retired. I bought 4 years ago and my house has doubled. Very blessed to live where people vacation.

[KhalDrogo]

Originally Posted by jcardstore

Says you the non believer but millions of people put a dollar value to the ownership and experience of crypto.

I bet they do after today. I hope the “I’m here for the tech” crowd is still there for the tech.

[jcardstore]

Originally Posted by KhalDrogo

I bet they do after today. I hope the “I’m here for the tech” crowd is still there for the tech.

They are, and more motivated than ever.

The problem with euphoric bull runs is that it brings out all the snake oil salesman, fraudsters, scammers, and general scum bags to come collect a few dollars.

Bear markets are great for people who are actually building real products so they can focus on real value add and not the clowns in it for a quick buck.

I am personally glad we can flush all of the garbage from the crypto market because now we can have real innovation. Real money is made by investing in bear markets not jumping on the train

[KhalDrogo]

Originally Posted by jcardstore

They are, and more motivated than ever.

The problem with euphoric bull runs is that it brings out all the snake oil salesman, fraudsters, scammers, and general scum bags to come collect a few dollars.

Bear markets are great for people who are actually building real products so they can focus on real value add and not the clowns in it for a quick buck.

I am personally glad we can flush all of the garbage from the crypto market because now we can have real innovation. Real money is made by investing in bear markets not jumping on the train

Flush all the garbage? As soon as the market turns around, the scams will be right back to take people’s money. No regulation, so nothing stopping them.

Crypto promised to be:

A storage of value. Nope.
A currency. Nope.
An inflation hedge. Nope.

Rebuilding the confidence in crypto will take a very long time. Just look at how long it took people to come back to the market after 2009.

[jcardstore]

Originally Posted by KhalDrogo

Flush all the garbage? As soon as the market turns around, the scams will be right back to take people’s money. No regulation, so nothing stopping them.

Crypto promised to be:

A storage of value. Nope.
A currency. Nope.
An inflation hedge. Nope.

Rebuilding the confidence in crypto will take a very long time. Just look at how long it took people to come back to the market after 2009.

Anyone who knew anything about crypto gave up the currency thesis in 2015.

Gold is a store of value and how’s that done so far? What about bonds? Equities? Literally any financial asset? Store of value doesn’t mean line go up forever that’s such a dumb argument. There are billions of dollars of institutional money in BTC so I guess they’re all just degenerate gamblers? Or maybe… just maybe they are able to separate the noise and the general public who know just enough to look dumb.

Is it an inflation hedge? No but what is? Seriously what asset has hedged inflation this year?

[jcardstore]

The only people who lost confidence in the crypto markets are the ones who didn’t understand any of it in the first place so who cares

[KhalDrogo]

Originally Posted by jcardstore

Anyone who knew anything about crypto gave up the currency thesis in 2015.

Gold is a store of value and how’s that done so far? What about bonds? Equities? Literally any financial asset? Store of value doesn’t mean line go up forever that’s such a dumb argument. There are billions of dollars of institutional money in BTC so I guess they’re all just degenerate gamblers? Or maybe… just maybe they are able to separate the noise and the general public who know just enough to look dumb.

Is it an inflation hedge? No but what is? Seriously what asset has hedged inflation this year?

Don’t get mad at me. These are just claims that have been thrown out over the years.

What’s the crypto end game if it’s not to convince a growing number of people of the utility? Are crypto people now writing off the naysayers for good?

[jcardstore]

Originally Posted by KhalDrogo

Don’t get mad at me. These are just claims that have been thrown out over the years.

What’s the crypto end game if it’s not to convince a growing number of people of the utility? Are crypto people now writing off the naysayers for good?

I’m not mad you’re regurgitating lazy arguments without basis.

The naysayers have been pulling the string to say the same thing for a decade now, it’s played out. 2012, 2015, 2018 etc…

There is utility if you look past Bitcoin. Look at other L1 protocols, blockchain oracles, defi… etc.

[NCtheBBcradle]

Here's a thought. The people who bought homes say pre-Covid, or by early to mid 2020 are probably going to be just fine. They got houses at prices prior to the huge run up, and have the benefit of those sweet historically low mortgage rates.

But - they're now locked in.

Completely locked in, because another new next home would necessitate a mortgage at double their rate. They can't move until prices come down, as the cost of their next house just rose by a third, due to interest rates.

I may be wrong, but I thought I heard on CNBC that 95% of current mortgages in the US are at 5% or less.

I write this from my apartment. I gave up hope of buying a place last year as prices became ridiculous. So I'm salting away $, figuring maybe next year? Maybe never?

[mattglet]

Originally Posted by jcardstore

I’m not mad you’re regurgitating lazy arguments without basis.

The naysayers have been pulling the string to say the same thing for a decade now, it’s played out. 2012, 2015, 2018 etc…

There is utility if you look past Bitcoin. Look at other L1 protocols, blockchain oracles, defi… etc.

So are you arguing FOR cryptocurrency, FOR blockchain, or both? Just because someone craps on crypto doesn't mean they are necessarily throwing out the baby (blockchain) with the bathwater (crypto).

[KhalDrogo]

Coinbase cutting 18% of their workforce. Yeah it’s crypto related, but soon enough you’ll see those kind of cuts in real companies. Companies grew too fast and over hired while money was free and earnings were booming.

[imbluestreak23]

It's pretty dang bloody out there

[jcardstore]

Originally Posted by mattglet

So are you arguing FOR cryptocurrency, FOR blockchain, or both? Just because someone craps on crypto doesn't mean they are necessarily throwing out the baby (blockchain) with the bathwater (crypto).

So I'll be super clear. There is no future for crypto as a currency. I hate the term currency because it obfuscates and pollutes the discussion. Currencies are issued by central banks and governments. Plus why the hell would you want to spend something that you thought would go up in the future? Makes no sense

Can crypto be a method of exchange? Yes. Store of value? Sure. Safe haven in war torn and unstable countries? Getting a little murky here but it's within the realm of possibility.

I've been a blockchain believer since day one, limitless applications for it that actually solve real world problems. Blockchain doesn't necessarily have to be connected to "crypto" either.

NFTs will be a thing, their use and application will be expanded over time. Transferrable digital ownership is real and it's not going anywhere. Yes, 99% of NFTs will be worthless garbage but it's no different than physical art or any other collectible.

Defi is gonna be regulated, as it should be but it's not going anywhere

[rcmb3220]

Rest easy, economy.

[fly606us]

Is this the week the Dow drops below 30,000 ?

[babyfaceposey]

Keep bleeding.

[NYBBFAN]

I made 22% on a single trade today. I love index options.

[chippv]

Under $30k fed took a .75% rate hike to combat inflation


Sent from my iPhone using Tapatalk

[rcmb3220]

Everything was great yesterday.

[pcptrade]

Originally Posted by pcptrade

We have more pain ahead. The correction is not over yet imo

We may get a bounce in 3500-3650 area but we are likely headed to low 3K level

[Fulmer4MVP]

Originally Posted by fly606us

Is this the week the Dow drops below 30,000 ?

Yes, yes it is.