So the house I’m currently sat in has increased in value 20% in 2 years. Had three estate agents give us near the same valuation. One said he’d sell it in a week (I believe him as our neighbour had 5 interested parties, and it was gone in a heartbeat).
My cousin who owns a semi in the suburbs of Liverpool had her house valued at £450,000 (they paid £215,000 back in 2009).
How the fuck is a 20 year old supposed to even imagine owning their own home when they get older?
Update: Wow this REALLY blew up! Thanks for all the replies, great to see so many comments about this hot topic.
Looks like a 20% drop on Sunday means that the Bitcoin bubble is popped at least in the near term. It just goes to show that there is still very little liquidity actually moving the price around. I personally think it will probably bounce back up within a month or two, and the roller coaster will continue again.
No, this is not another "guys I'm sure we're in a bear market this time" post. It's just that most of the threads catastrophising about a bear market don't really elaborate on what people should be doing.
I'm new and since my experience investing is mostly in this absurd bull run betting on growth tech stocks with infinite P/E, I'd like to learn what to do in a bear market so that I have some prep when it happens.
Twitter shares fell as much as nearly 10% early Monday before paring some losses and trading down 6% by midday.
Looking at the stock prior to any of the recent events, it hasn’t really shown excessive growth since it’s IPO. Interested to see if this is a good buying opportunity or this stock is stagnant and has a low chance of competing with the rest of big social media companies?
Tesla market value today (716 Billion) is about the same as the market value of all the world's major car makers combined. In addition China's BYDDY (86B) and Nio (78B) are both more valuable than Daimler (74B) even though NIO only delivered less than 40,000 cars in all of 2020 with huge loss. China's LI and XPEV combined market value are similar to GM (61B), which has production in China and has a worldwide lineup of EV to be on the market in the next few years.
With the exception of autonomous driving, EV manufacturing appears to have a low technology barrier to entry, that's why we have so many EV car companies pops up all over the world. Everybody used the same Total Addressable Market to justify their future value. I don't think autonomous driving is a must have in buying an EV, so the competition will be intense once all ICV companies start to produce their lineup of EVs in the near future.
Since Auto industry is a cyclical business, historically, the market value of the auto companies were somewhat depressed as compared to other high growth industries. Since there is a limit on how many cars will be sold in a year based on historical trends, I don't know how we can justify doubling or tripling the total market value of the whole auto industry unless all the non-Tesla companies lost significant amount of their market value, which is not likely (you are talking about fierce competitors like Toyota, Daimler, Honda, GM, etc)
The first movers (Tesla, BYDDY, Nio, Xpev) are catching all the investment dollars, driving their stock to current nose bleeding price. Once all major car makers start to deliver EVs, supply and demand will determine their profit margin, future cash flow and true present value.
What do you think? How long will this EV mania last?
Hello again folks. This is an extension of my DD last week in which I shared some research on short positions, GME’s debt, and some speculation on institutional investing. Since that post, GME is up 75% and there’s been lots of good bullish / bearish DD on the short term.
In this post, I’m going to cover 3 topics, focusing on the mid-to-long term prospects for GME: 1) Cohen, 2) GME’s market cap potential, and 3) potential investors that could continue to pile in.
TL:DR; You need to think about GME differently. Not as a trader. Not as an investor. You need to think like a venture capitalist. This is an unprecedented opportunity, and the first time I’ve gone all-in - I’m more bullish now than when the stock was trading sub $15. If you’re in GME you need to get in with conviction otherwise you’re going to lose by selling when it drops.
I’ve been a passive investor for many years. This is literally the first time I’ve taken an interest in becoming an active investor. I opened an RH account in August to start speculating on GME. My first post called out some cheap lottery plays that took my speculating account from $5K - $20K in 3 weeks. I’ve since posted a few times on GME, even trying to tell you to buy the post-earnings dip, and added more to my active trading accounts. I’ve taken $10K -> $130K on RH and $230K -> $480K in IBKR since slowly adding to GME since September.
[All my shares are held in IBKR, which allows me to prevent from lending ](https://preview.redd.it/pd0rfxpk08c61.png?width=943&format=png&auto=webp&s=320b84d72... keep reading on reddit ➡
Today marks a historic day in Crypto's young history, as its total Market Cap exceeds 1 Trillion Dollars for the first time ever. ($1.000.000.000.000)
I wish to use this opportunity to thank you all for contributing to making my experience in this market simply amazing.
Good fortune to you all.
I wasn’t sure which flair to use.
As the title says I have a trading bot which I spent a long while developing.
There are two batches of codes which I run alongside each other.
Batch 1 and Batch 2.
Batch 1 uses some of the judgement of myself and calculations to gather stock.
Batch 2 is just purely calculations which release values which say if it’s worth doing a call, or not worth doing a call.
Past few days the top picks with NVDA, and a small cap I can post this daily if you guys are interested.
This the data which I have acquired on Sunday (NY) 10th of January 2021, based on the close of the last business day.
Here’s an update to my trading bot. QS looks tempting but I think I can hold off until tomorrow a better company I understand comes on sight.
Only invest in companies you know and have a understanding of and can see they have a future, to lessen any potential losses via trading.
Code Batch 1:
Code Batch 2:
Potentially a call:
Obligatory: This is for education and entertainment purposes only, and not financial advice.
Okay, I first off want to say that I am stoked to see all the new degenerates that have decide to join this channel and dump their life savings into whatever one hot stock we are bursting at the seems with at the time. It's an absolute strength in numbers "win" for the sub, and it give me more hope for the momentum we build here.
HOWEVER, I saw a lot of the new crayon casserole lovers, who've taken a break from watching their morning cartoons out there to dump your money into GME this week. Then coming on here and asking, "I bought "X number of shares at "Y" price, am I going to get rich now?"
As someone that has been doing this now for some ten plus years, this is a complete fucking rookie move! You want control over the situation, then use "Limit Orders" and assign the price at the proper support levels. You know who uses "Limit Orders" the bull with the 10 inch cock that comes over to fuck your wife every night while you sit in the corner chair and watch. Why you might ask? Because he's in control of the situation. He uses limit orders to buy the stock at a specific price instead of just sending the order to the markets makers to be assigned the highest price on the book for the day. So while you are buying that stock at $38.50, he's buying at a cool even $35.00, allowing him to capture 10% more on the upside.
Perfect example is with GME, where the entire sub is screaming "hold the line" blah blah blah "SPARTA". You want to hold the line? Then place those future orders at support levels like 33 or 30. That way if and when the stock drops to these levels you get the price you want and you help the stock from dropping even further. So be fucking smart and be patient about this, this is your money so make it work for you and not against you.
TLDR: Use limit orders if you really want to help control the underlying stock and make a smart investment. Be patient and wait for the price to come to you and so some fucking reasearch.
First, English is my second language so please forgive my poorly organized, horribly formatted and super long story. Also I never shared this story before and wasn't really planning to, but I told it to one of my now close friend who is a crypto nerd like me and he said it was inspiring and that I should share it so here goes.
It's 2014 I am working a minimum wage job at a labels factory, I boxed the finished labels. 6 months later, I am promoted and I am head of the quality assurance department (happened super fast and everyone was amazed that it happened including myself :P ). I got a raise and life was good.One day the owner decided to hire a "team leader" basically a tier 2 boss. An authoritarian racist c*nt that hates my guts. We get in an argument, I turn my back on him and walk away and he ends up physically assaulting me for it. I threaten to sue and they fire me because of it.
I complain to the EEOC, because I can't afford a lawsuit. We mediate and like an idiot I settled for 5k they offered me. I Payed my lawyer $400, Bought us a new furnace because ours was old and had broke down. I replace the kitchen sink, paint the house and did some other minor repairs.
All said and done, and after working for nearly 2 years at that company I am unemployed, depressed and have nothing to show for it, Well except for a $1000 I have left from the settlement that I wanted to preserve and invest in something instead of spending it.
I spend a couple month of freelancing and hustling trying to find a new source of income. And one day I am on some random forum trying to find a solution to a problem I have with my code (I have 13+ years of programming experience C++, C#, Asm and reverse engineering) I read the word Bitcoin for the first time ever. And the person talking about it made it sound like it's the next big thing and that it's going to do wonders for apps and payment systems.
Other replies to that same post were talking about how it will make them all rich. I got curious, And on September, 2015, I google Bitcoin for the first time ever and I end up on Coinbase. I bought $5 worth of Bitcoin for shit's and giggles. Forgot about it for ~3 months. Then came back and sold it in October for $5.10. So I made 10 cents profit after coinbase's outrageous fees. And I thought to myself, This is great, I just made 2% with minimal effort. Greed kicked in and I started my quest to learn as much as I can about BTC.
For the skeptics:
https://preview.redd.it/jrz4pt... keep reading on reddit ➡
Burry shorted the housing market and everyone laughed at him. He was right and made a killing.
2 years ago Burry went long Gamestop and everyone called him retarded again. Today he (and u/DeepFuckingValue) were right
Burry is shorting Tesla. FUCK.
Guy is a wacko - he goes by the name "Cassandra" on twitter. Cassandra was a Greek goddess cursed to utter true prophecies, but never to be believed. Bury also deleted all of his tweets recently. Not sure what that means.
TL;DR: Tesla longs are probably fucked within the next year because Dr. Burry doesn't seem to ever miss, he's always just a bit early
I need a new GPU, my one is slowly dying, and I literally can't even buy a GPU at the moment, Amazon has practically nothing available, and because of the rise in Bitcoin prices, people are selling wildly outdated GPUs like the GTX690 for new GPU prices.
People having to be on pre order lists for months for the new 30 series and dealing with psychos using bots to cheat legitimate people out of buying a product and using it for it's intended design rather than bitcoin mining. Then dealing with after market scalpers too?
PC gaming was expensive in 2015 when I last built a new PC but at least I could actually buy some hardware.
Maybe it's just me but I think the PC market is in a horrendous condition. I'm sure covid played it's part but it seems to have been heading for this situation a while before covid anyway.
If people told me this as a joke I wouldn't have believed them. https://www.amazon.co.uk/Gigabyte-GeForce-GTX690-Graphics-GDDR5/dp/B0080K7HRQ/ref=sr_1_2?dchild=1&keywords=gtx+690&qid=1611069502&s=computers&sr=1-2