Baron
ET Founder
Never underestimate the power of my words.
Baron's Crypto Trading Journal
- Thread starter Baron
- Start date
Do you have data showing the exact concentration? At the end of the day if you are making money and in this case it could be lots of it...it's really all that matters. Penny stocks used to be a big percentage maker for me back in 03-07'. The stocks I would trade in were super manipulated.
Can't argue with that. What exchange(s) are you guys using to trade it?
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That's because you are a fucking idiot for selling MSTR and buying TSLA at the beginning of the year
You should have sold TSLA and bought MSTR
No Tesla for me. As for MSTR, holding onto my few shares and short-PUTs.
I had planned to purchase more MSTR but the thing took off again. Doh!
I had planned to purchase more MSTR but the thing took off again. Doh!
Woulda coulda shoulda... Hindsight is 100%. I still have far more confidence in TSLA than MSTR.
At this point, its essentially TSLA against Bitcoin since MSTR is all Bitcoin. The question is, do you consider it easier for TSLA to 10x or Bitcoin to 10x?
I don't see how Tesla can grow much bigger than this since its already highly overvalued. If FSD is ever a thing, and nobody has to drive again, then I can perhaps understand higher valuations, but I also think this will actually drop GDP in general. Think of all the delivery drivers out of a job and the need for actually less cars if a bunch of robo taxis are able to pick you up for a fraction of the price of a current Uber. And if the robot replaces jobs, that also means a drop in overall incomes, even if productivity for some companies increase.
Bitcoin on the other hand is getting ready to steal the financial premium away from gold and real estate. Tesla compared to Apple, the biggest company, is a much smaller multiple than Bitcoin compared to the market cap of Gold, or even real estate. There is therefore way more upside for Bitcoin, and both I guess have the potential to go to zero.
In regard to real estate, they are not making any more of it. And Canada's failed liberal government has done its best to ensure that the bubble keeps inflating.
We will see if your BTC prediction about stealing premium away from that sector is correct.
We will see if your BTC prediction about stealing premium away from that sector is correct.
If we were looking at the US, where they have 30 year mortgages, then perhaps the market can just grind to a halt but not collapse. But in Canada, where most mortgages still haven't needed to seek refinancing, the average 5 year mortgage has the clock ticking. Every single month month more and more people are faced with the short of $500, $1000, or even higher payments. There is no way that most people can come up with this money. Of course the house is the last thing you sell, so I expect the economy to suffer first, but housing won't be far behind. Just look at how many developments under construction burn to the ground. People are desperate to not close so they burn down new developments!
Once more and more people realize that the financial premium of real estate has evaporated, they will start looking at other options.