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the market: stocks, bonds, options, whatever

Xorkoth said:
Mine is worth 55 cents. SCORE!!

My good friend, who just got into crypto in 2021 and is very, very much in his moonboy stage, had the majority of his holdings in LUNA (and has, or rather, had, about $60k invested in crypto, basically everything he has ever saved over his lifetime, and he got in during BTC's all time high), and bought all the way down, but his last buy was at about $1, thinking it couldn't go lower. He kept telling me to buy, buy, buy, because they're going to recover and he's going to be a billionaire. And that the snapshot/new LUNA is "free money" since you'll get airdropped some and get to keep Luna Classic. He is convinced that in a few years from now, LUNA is going to be the top L1 blockchain. I told him he needs to give up on LUNA, don't think he wants to listen, though.

I'll give him that he's smart enough not to sell all his crypto in disgust, but I wish he'd move on from LUNA. He's smarter than me in that way, because in 2018, I sold all of my crypto at the very bottom after holding through half the bear cycle, thinking it would never recover. But lots of stuff won't recover and LUNA is almost surely one of them. He does have a lot of other stuff so eventually he'll be fine, but I don't get why he still thinks Luna is heading for the top of the heap.
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LUNA 2.0 or is he thinking LUNC is coming back?

i think we can forget about the original luna (which is lunc now)

the new LUNA is almost $9 already

don't ask me how :shrug:
 
Looks like commodities could outperform stocks for a while

FUMYQIXUsAAkk_r
 
Down about 2grand over last month which isn't bad considering how my portfolio is tanking. There's no longer a current price on a troy ounce of ruthenium. It's not terrible news, but it's a big ol bear market.
 
US gov looking to buy over $4B of uranium from domestic companies. CCJ (Cameco) could be a good bet
 
Cameco is a Canadian company, with U.S. operations. They have more or less a captured market here in Ontario, where 60% of power consumed comes from nuclear power. Cameco also has good vertical integration, from mining to refining for power plants and also medical industry AFAIK.

I think it's as stable a company as you can get in resources, but the future of this market is hard to predict... I probably would exit at this price normally, I'm only holding on because of dividends and home field tax advantage.

I'm looking to change up my commodity exposure. The cost of lumber has been falling as supply chain troubles start easing up, metals could be next on the chopping block. Oil still seems to be hanging in there, my WAG would be until the end of the summer at least.

I slept on the Ag boom and prices have already shot up, guess I'm sitting that one out.
 
I don't think we're in buy zone yet for crypto. My crypto portfolio is looking grim as fuck, but I'm just not paying much attention anymore, out of sight, out of mind. Most of what I have will reach new ATHs in future years. I'm looking for a good buy in for some more, but I think we have quite a bit more downside first. There will be some fake-out surges, too... that's why I'm not paying attention, because it's hard not to get fooled. I'm waiting for a rock bottom, stable floor, and for everyone to start saying bitcoin is dead again. That's when I'm buying more.
 
It's been confirmed that Ethereum is going to switch to PoS this year so that could trigger some price action as the hashrate of GPU miners switches to something else.
 
Not sure what to make of this. Everything keeps dropping. I mean I'll buy more if that's the case, I just like a certain level of value with my coins. We're experiencing something serious here. I just think these coins are still by far more valuable than the dollar.
 
It's called lack of consumer confidence, ions.
The present administration would would be better off admitting that there is inflation and a probability of recession. A leader tells the truth about a situation and proposes a solution, and consumers will buy into the solution.. If a leader tries to convince consumers that there is no problem with the economy when it is evident that there is one consumers begin to worder how much else about the economy is being hidden or lied about and start panicking.

BTW, did anyone notice that BTC is at the lowest price since Dec '20 ?

Edited to correct date from Dec '21 to Dec '20
 
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It's out of control. Almost pure chaos.
The fed will keep spending until our dollar becomes are worthless as a bolivar. And then it will continue to print after that. That's the inflation.
I suppose confidence is down in these coins. I took my original bitcoin investment out a few years back. It's the initial workings of regulating and I feel someone or something is manipulating the price here. Because bitcoin vs the dollar, if demand were at a peak would be valued between $1-10million. Just an estimate. But I'm spending some coin here in a minute and feel that had I waited, or got to it sooner, It's just bad timing.
 
ions said:
The fed will keep spending until our dollar becomes are worthless as a bolivar. And then it will continue to print after that. That's the inflation.
Click to expand...

The Fed is doing the opposite of that, that's why everything speculative is cratering.
 
Electrum1 said:
FVYnz-WWIAIKzZw
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lol

I bought my house literally 3 months before the 2008 housing market collapse. 6 months after I bought it, it was worth half of what I paid for it. Fucking sucked. But now it's worth a lot more than I paid for it. I was able to take out $60k in equity for major repairs, and I still have $100k in equity.

I still sometimes get stuck in a loop of thinking about what if I had been ready to buy a house 3 months later than I was. But no sense in thinking about that.
 
Bitcoin $18,200. It reached oversold on the weekly chart (24.50 rsi right now) and is below the 200day moving average. Been oversold rsi on the daily chart for a week and has 19.3 rsi right now

Going to buy $MSTR stock if bitcoin stays oversold into Monday. MSTR owns 129K bitcoins.

I used stockcharts.com but it won't let me link the chart here
 
It's finally time to start lightly DCAing in more capital for crypto. I think we'll go lower but this is in the range where I feel comfortable beginning to insert new capital. $200 a month is my target. Gonna spread it across BTC, ETH, and various top alts. Also my pet low cap project, VRA, a streaming service blockchain already being used. You can stake it and earn 7 VRA per day, per 10k VRA (about 19% APY). Compounding, though. It's at a half a cent per VRA right now, super cheap; Previous ATH was about 9 cents, which is an 18x from now. I already have 30k, just bought another 20k and staked it. Basically setting it and forgetting it for a couple of years, though in the next bull run I'll take profits to cover my initial investment, at least.

Hoping this bear market is nice and long, give me a chance to accumulate a lot
 
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