In 2023, the AI craze triggered by ChatGPT stimulated U.S. technology stocks, which had been plagued by missed earnings and rising bond yields in 2022. The FOMO (fear of missing out) sentiment surpassed concerns about economic recession and interest rate levels not seen in 22 years on several occasions. The Magnificent Seven, led by $NVIDIA(NVDA.US)$, made remarkable progress that yea...

$Palantir(PLTR.US)$ Surge 20% tomorrow

$Alibaba(BABA.US)$ it's time to load up this undervalue gem. Meanwhile I use the funds from shorting tesla stock to long my baba

$Alibaba(BABA.US)$ $KraneShares CSI China Internet ETF(KWEB.US)$ baba and kweb lost its early hours gain yesterday as evergrande default is looming. Deadline is on Tuesday and dollar bonds so far are not the priority for the Chinese government.
Baba was rejected at 20sma and 5ema while kweb was rejected at 5ema.
We will see whether this affects baba to break downwards. If it doesn't, baba rally will still be in play for an upward push.
Both are still within bband and once this squeeze ends, we will know the true direction. Do expect both sides as I have shown in my video where the possible bottoms are at for both kweb and baba. Do watch it if you have not to know what I am talking about.
As always trade safe and invest wise!
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https://www.youtube.com/c/investing101channel

Visa vs. Bitcoin $Visa(V.US)$ $Bitcoin(BTC.CC)$
Bitcoin also runs on a network of computers but these computers are not merely facilitators between various institutions. Each computer on Bitcoin’s network, called a node, not only facilitates transactions but also records every transaction ever made. “Moreover, Bitcoin’s blockchain network is independent of the banking sector because it generates its own money through the proof-of-work (PoW) consensus mechanism”- says Max Krupyshev, CEO of Coinspaid.
In other words, while a Visa card represents a gateway to the banks, a crypto wallet is like a gateway to the decentralized Bitcoin network. Banks have central points of failure, but Bitcoin can only go down if all entire global internet services goes down due to its international distribution of nodes, each holding the ledger of all transactions. Distributed ledger technology (DLT) is the backbone of decentralized finance, as all records are stored across various nodes to ensure security and data redundancy.
Another important distinction is that a crypto wallet does not hold Bitcoin similar to a normal bank account. Instead, it holds a private key to unlock Bitcoin’s ledger from anywhere in the world to access the Bitcoin. If the private key was lost, the wallet address itself could be recovered with a seed phrase, unlocking your access to the funds.
The implication of this is staggering because one could lose all the hardware with crypto applications and wallets on it, yet still be capable of unlocking the funds via the seed phrase. When you own Bitcoin, you carry an entire bank in your seed phrase. Word of caution though, if misplaced or forgotten, one could lose a fortune like with Stefan Thomas when he lost access to 7000 BTC, now worth around $395 million.
Visa pales in comparison as merely a crutch for the existing banking system. In contrast, Bitcoin is not only a banking system but its own payment processor system as well.
Part of the content is taken from Yahoo.