Too Hot Investment Thread

Rivian is hoping for 80 billion valuation at their IPO!! Crazy times

 

Every day is " interesting" if ur a crypto investor, which I am not.

 

I guess it's all relative but the next few weeks should be very interesting in crypto.

 

Nope

Enquiring minds want to know!

 

I'm not an expert by any means, but for one thing, the infrastructure bill currently includes vague language related to blockchain technology and cryptocurrencies that, if not cleaned up and if interpreted the wrong way, will put burdensome regulation and cost on crypto in America and likely drive almost all of the blockchain innovation out of the country.

That would likely have impact on valuation for cryptocurrencies in the short to intermediate term, I would think.

 

I've been following a guy who expects Cardano to jump to $5-$7 by years end, tank to $1-$2, then climb back to $10+ and hold. He's been right thus far predicting Cardano. I'm 10k in with ETH and 10K with Cardano and have already doubled my money. I have no clue what I'm doing so I lean on what I read from others. You have any insight?

 

I bailed on them (at a loss) in May. It's only gone down more since then.

 

It really depends on your strategy. I don't ever plan on selling any of my crypto.

If I was planning on selling my crypto I think by the end of September/ beginning of October I would be looking hard at unloading it. Accepting that I may be early and I might miss the top but I wouldn't be left "holding the bag". It sounds like you have some nice gains already and if you are looking to get your money back quick that's the approach I would take.

 

Solana has been on a tear lately. Thinking of throwing a small chunk of change towards it.

 

Solana to $200 is not a stretch in my opinion.

 

There's supposed to be a nice run from now until the end of the year.

 

is that because of strong fundamentals or because some reddit poster said so?

 

Funny. We know that you aren't a believer.

Without getting too technical....it's based on a lot of things like supply and demand, history of past bull markets, the influx of institutional investors and the adoption rate of crypto.

Did you know the adoption rate of crypto is moving at a faster pace than the adoption rate of the internet? Think about that. Put aside the fact that Bitcoin has been the best investment in the last decade, with an annualized return of over 200% and returning 10 times more than the Nasdaq 100. The rate of adoption of crypto is faster than the internet and it's not even close but it's probably because of reddit.

Remember when "electronic mail" came out and everyone dismissed it and thought it would be just some little "game" to play around with? That's where we sit with crypto except it's coming even faster.

Bitcoin just broke $50k by the way and Ethereum is pushing $4k but I'm sure it's because of some gamer in his mother's basement somewhere on some reddit thread is running a pump and dump scheme....or maybe it's all drug dealers, terrorists and Russian cyber punks waiting to steal everything.

Or maybe because there is real demand for an alternative to the US dollar and current financial system?

We can go 15 rounds and I'm still not going to change your mind.

Just look at the adoption rate of crypto and the returns of Bitcoin and Ethereum while looking at the large institutional investors coming into crypto, the potential upside for the average retail investor is something that we will probably never see again in our lifetime.

 

A large part of crypto growth is not based in fundamentals or belief in some future defi dreams, but straight up gambling from all the cash slushing around.

There are some strong headwinds for coins with the proposed regulations in infra bill and continued threat of inflation drying up fed faucet.

Still wouldn't surprise me to see continued short term gains. I don't really care. Im long on my meager crypto stake.

 

Have it your way but it doesn't change the fact that crypto is growing faster than the internet and Bitcoin has been the best investment over the last decade and it's not even close or up for debate.

 

Lol. When did I say it wasn't? You seem to be bringing argument to a discussion.

Im just saying past performance doesn't always predict future performance. And that crypto growth is based on a combination of all the things you listed, not simply some undeniable, unstoppable fundamentals.

It will continue to have bull and bear runs just like every other market. I wish you the best of luck in predicting this fall's crypto market. I'm not as bullish as you for q4, but that's fine - as I said, Im long.

 

I just don't see it as big of a gamble as others. The technology can disrupt a lot of industries.

 

I believe it has that potential as well. I think all investors should be in crypto at some level. What level is up to the investor to decide.