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wrote a post·Jul 13, 2022 02:10

Charlie Munger says buying crypto is investing in nothing - and he avoids it like a dirty sewer

Charlie Munger slammed crypto as worthless and dangerous, and urged investors to avoid it, and called crypto an "open sewer" and sellers "delusional or evil."
Munger also brushed off inflation and the stock-market downturn, and touted fossil fuels' longevity.
$Bitcoin(BTC.CC)$ $Ethereum(ETH.CC)$ $Dogecoin(DOGE.CC)$ $Dogecoin(DOGE.CC)$ $Camber Energy(CEI.US)$ $Occidental Petroleum(OXY.US)$ $Exxon Mobil(XOM.US)$ $Apple(AAPL.US)$ $Berkshire Hathaway-A(BRK.A.US)$
...

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Meltyy

wrote a post·Jul 11, 2022 08:35

BTC Is More Likely to Tumble To $10,000 Than To Hit $30,000?

60% of the 950 investors surveyed by Bloomberg consider a decrease in the price of Bitcoin to $10,000 more likely.
The remaining 40% predict the recovery to $30,000. The survey shows how bearish the investors have become.
$Bitcoin(BTC.CC)$ $Coinbase(COIN.US)$ $AMC Entertainment(AMC.US)$ $Robinhood(HOOD.US)$

101875429 voted

efficentupup

wrote a post·Jul 5, 2022 22:57

Why Oil Prices Crashed By 10% Today

Crude oil prices fell by nearly 7% on Tuesday as fears of a recession mount—a scenario that could put a dent in oil demand.
The price of WTI crude oil slipped $9.01 per barrel by 12:37 pm ET below $100 per barrel to $99.42 (-8.31%), while Brent crude sank $10.41 per barrel to $103.10 (-9.17%).
Also on Tuesday, a Citi report suggested that oil prices could fall to as low as $65 per barrel by the end of this year and as low as $45 by the end of next year i...

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goglobalgobig

commented on a stock·Jun 18, 2022 21:37

Crypto ahead of stock!

$Ethereum(ETH.CC)$ $Amazon(AMZN.US)$ $GameStop(GME.US)$ $Bitcoin(BTC.CC)$ $Tesla(TSLA.US)$ $Roku Inc(ROKU.US)$ $McDonald's(MCD.US)$

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rabitter

wrote a post·Jun 15, 2022 02:05

Bitcoin's crashing — here's why Warren Buffett has hated it all along

The past 7 months have been bumpy for Bitcoin — and now it's crashing hard.
It’s “probably rat poison squared,” Buffett once said.
Here are three reasons Buffett won’t go near it.
1. It has ‘no unique value at all’
The billionaire investor doesn’t like Bitcoin because he considers it an unproductive asset.
Though Bitcoin is intended to provide real value as a payment system, that use is still pretty limited. As Buffett sees it,...

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Humster

commented on a stock·Jun 15, 2022 05:11

$Bitcoin(BTC.CC)$ Once go below 20,000 its GG

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chevalsauvagele

commented on a stock·Jun 14, 2022 08:22

$Bitcoin(BTC.CC)$ why does its price swing up and down every second? noob here

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mesapsa

wrote a post·Jun 13, 2022 21:56

- Crypto exchange $Coinbase(COIN.US)$ lost 13% on Monday.
- A rival crypto exchange, Binance, temporarily paused bitcoin withdrawals “due to a stuck transaction causing a backlog.”
- Crypto lender Celsius paused all account withdrawals and transfers, citing “extreme market conditions.”
- MicroStrategy, led by bitcoin evangelist Michael Saylor whose company is heavily invested in the digital coin, lost 26%.
$Bitcoin(BTC.CC)$ $Ethereum(ETH.CC)$ $Dogecoin(DOGE.CC)$ $AMC Entertainment(AMC.US)$

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FiveHundredCents

wrote a post·Jun 13, 2022 22:22

How big is the stock-market selloff? The S&P 500 erased $9.3 trillion from its market cap

Stocks, bonds and everything in between have been hard-hit this year as fears about high inflation have morphed into concerns about a potential U.S. recession.
But what does the sharp rout in stocks mean in dollar amounts? $S&P 500 Index(.SPX.US)$ officially closed in a bear market on Monday, marking a skid of at least 20% from its most Jan. 3, 2020 peak.
In dollars, that represents a $9.3 trillion drop i...

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bullrider_21

commented on a stock·Jun 14, 2022 02:46

$Bitcoin(BTC.CC)$
Some say BTC may fall to USD20,000. It fell to as low as USD20,889 and rebounded. This may indeed be the support and a good opportunity to buy. However, I don't think this the absolute bottom. In the months ahead, BTC may fall to USD17k- USD18k.