There is a reason why Bitcoin will decouple now.
I've noticed that Bitcoin was perceived by the masses to be intended as an inflation hedge.
For the last 2 years, it has been correlated with tech stocks.
So, even though the Bitcoin was perceived as an inflation hedge, its price didn't really grow that insanely fast because people were suddenly hedging...
I'm in the marketing industry, so this post is coming directly from experience.
Facebook/Instagram marketing is severely underusesd in the sectors that would most benefit from it. Even if we account for recent problems in the market and the purchasing power of people, I see the demand at least doubling
in the next 2 years. In fact, from my accumulated basket of...
It is possible that BTC will go to 20 000 and maybe even below that, but chasing the bottom is not the smartest idea.
This is the opportunity that we've been waiting for. Everyone wanted to buy BTC if only it was a little cheaper. Well, now it is, but everyone is scared :)
The wise words of Peter Lynch are that NOBODY can predict the bottom, and nobody can...
I'm making this post in retrospect, I'm shorting NKLA from 7.2.
As a chemist, I can guarantee you that they will fail in their intent, and cannot deliver things that are impossible. Even if they stretch themselves to deliver, the product will be a worthless piece of sh1t.
This could still drive the stock up, because degenerate "investors" could pump it up...
Stock is cheap. At $88 it's waaay below its value.
Asset Value minus debt divided by a number of shares put BABA somewhere in the $95-110 range. Which means that at $88 it's basically free money.
The only con is VIE structure (Google it yourself) - I have decided to put my trust in VIE structure.
EV/EBITDA is 1.98 which is amazingly low for this type of...
Shorting 2% leveraged at 3.13 liquidation (17x from 2.96) till 1.41 at expected 2.4x profit.
Reasoning: Price inefficiency
I want to add that my permanent Long is still with Cardano since 0.7, and will be there for foreseeable future (probably 10+ years). I do these actions in certain circumstances to hedge my position and later increase my long.
The key is...
Low EV/EBITDA combined with high demand for light metals (lightweight electric cars, bicycles, scooters etc.), raging inflation, and an all-time low gives this stock a good chance.
I've been in since $14 and didn't expect it to move so quickly. It's a good opportunity to put some money. Don't go all in, at the end it's a lightly sketchy Chinese stock.
At the bottom, as a related idea, you will find my trendline from February.
Those who follow me also know that I have been very accurate at predicting both short-term and long-term trends. Now, why is that?
It is because I have been following the fundamental principles of markets for years, and tried to understand their weaknesses and strengths.
We have literally the same setup as before previous drop.
It may go sideways for a few more candles before.
Place your buy orders at about a dollar, but it could go lower for a moment.
You still want your orders to be executed.
Nobody will mention this, but these crypto crashes are highly correlated.
Although many claim that Bitcoin is the driving force behind crypto (it definitely started it all), I beg to differ.
I don't think that Bitcoin is the driving force behind any of these alt coins. They have different purpose and different public.
Moreover, the altcoin investors are not...