Rickdogg44
RIP Charmander RIP Kobe
the picture
Boiler Room: The Official Stock Market Discussion
the picture
ahomeplateslugger
Superstar
i wait for strength in the market and strength in the stocks i'm interested in. so if i see a good green day with good volume and it's been trading sideways for a few days then i'll throw some cash in it. then if it keeps moving up then i'll just keep buying. but i need to see good volume and consistency.
i'm over trying to buy at the bottom. that's how you end up catching a falling knife. i buy when a stock shows strength with buying volume, a stock showing the start an uptrend or if the valuation is cheap. if the valuation is cheap then i ignore the stock price and just buy.
ogc163
Superstar
In the last +10 years, nothing screams ensuing apocalypse quite like a ZeroHedge headline. No surprise that the retweet doesn't link to the article because imo they lost credibility fighting the post-Great Recession rally the entire way up. They are perma-bear status and inject their own (often incorrect) bias into every interpretation they have of the market in my limited experience
ogc163
Superstar
null
...
good job that they talk about more than "the [stock] market". and they were not wrong.
zirp, cheap money, QE + stock buybacks is irresponsible flagrantly and unsustainable smoke and mirrors "growth".
null
...
those forks didn't increase the supply of bitcoin.
null
...
supply and demand, scarcity ...
"A demand schedule, depicted graphically as a demand curve, represents the amount of a certain good that buyers are willing and able to purchase at various prices, assuming all other determinants of demand are held constant, such as income, tastes and preferences, and the prices of substitute and complementary goods."
Supply and demand - Wikipedia
"In microeconomics, two goods are substitutes if the products could be used for the same purpose by the consumers.[1] That is, a consumer perceives both goods as similar or comparable, so that having more of one good causes the consumer to desire less of the other good."
Substitute good - Wikipedia
to illustrate just imagine the price of bitcoin today if it was the only crypto "coin" out there. with no alternatives.
the point is that there are alternatives ("substitutes"), some of which were forked from the very same codebase.
it is fake scarcity, "logistical" rather than technical scarcity.
logistical not technical scarecity (e.g. apple's market position is that) but the past should be indicative here. it is not that BTC tech is limited as much as BTC's "position" is limited. or at least that is what the arguments degrade to. but still those arguments are cast as technical scarcity when that is not true.
not to mention Value overflow incident - Bitcoin Wiki
that aside with interoperability on L2 why would anyone need to "hold" bitcoin? or even use it?