Yet it explains why we bounce along from bubble to bubble, time after time whether it be the stock market, real estate or even crypto before the market resets itself.
Back in the late 90's, when it became apparent that 3D graphics chips were going to be a thing, I bought stock in all three 3D chip manufacturers. I didn't know who was going to make it big, I just knew one of the three was.Just buy what you feel is value for money. Most of my investments stay in place for years. e.g., bought into intell at the end of the year. Now it stays for a few years, hoping that intells next generation chips will push them back into the favours of investors. Been a holder of amazon and google for several years. ANd now moving some money into the medical devices. And of course, last year I added some astrazenica (No, they are NOT a vaccin compagny)
The sad thing is that nVidia crawled along... sometimes trading for less than $2 a share, until about 2015, when it started to crawl out of the gutter. Today's price is $761 per share. Had I held my stock instead of selling it when I hit 10x, I would instead have made a 463x return Oh well, who can hold a stock for 13 years waiting for it to move somewhere?
(aka Warren Buffet)
It is fun, but avoid staying too late.
The answer is blockchain.
The sad thing is that nVidia crawled along... sometimes trading for less than $2 a share, until about 2015, when it started to crawl out of the gutter. Today's price is $761 per share. Had I held my stock instead of selling it when I hit 10x, I would instead have made a 463x return Oh well, who can hold a stock for 13 years waiting for it to move somewhere?
One of the principal ways to suck someone in a Ponzi scheme is The Early Payoff. People are so impressed that they cough up new money that they force on the con-man. Have you ~invested~ other funds into BTC? I'm keeping track of what I consider sage observation by my betters...Not bad for 20 days intermittent mining. Would be double if I ran it 24 hours a day or triple with a better gpu.
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How much was it in electric bill ? LolNot bad for 20 days intermittent mining. Would be double if I ran it 24 hours a day or triple with a better gpu.
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Cents, roughly 17 cents for every 2dollars. Microsoft Flight Sim is just as taxing really and with work from home tax offsets it's negligible.How much was it in electric bill ? Lol
You just about explained how I played it.I'm basically chicken when it comes to investing. BUT......if I were to buy bitcoin, when my intial investment doubled, the intial investment amount would go into an account with Edward Jones where , I feel confident it would increase slowly but surely. After that, anything made on bitcoin would be pure gravy...........with no thought of losing profit AND my initial investment. That's just old conservative me thinking out loud.
I put some investment into crypto for the first time last month.Blockchain isn't a proprietary technology. It is simply an electronic identification tag with a secure ledger. No one "owns" the idea. You can't invest in blockchain because the idea is public domain and there are zero barriers to adoption or use. There are many potential applications for blockchain - particularly cases where a product's development and/or distribution chain is complicated or insecure. But I could set up my own blockchain here in my house and use my family to maintain it just as a proof of concept and it would cost me next to nothing. Right now it is hyped like nuts... but I think the actual applications will be integrated with big information tech companies like IBM - and their net impact will be minor in aggregate because they will just become part of the value-added information processing services they offer.
Here are simple value benchmarks that Berkshire Hathaway stocks meet:
People sometimes bash Berkshire Hathaway for investing in "unexciting" established companies like Bank of America or Coca-Cola. But the results speak for themselves.
- Top 25% of all stocks in terms of five-year annual EPS growth rate.
- 15% or greater sustainable growth.
- 12% or better 5-year average return on equity.
By the way, I might not have mentioned why I am bringing up this example. nVidia didn't become a 463x return in 6 years due to a sudden increase in the demand for PC graphics cards for games. They got that valuation because of bitcoin. nVidia chips (and ATI) are used for mining bitcoin, to such an extent that today it is very difficult to buy a current generation graphics card because they are being bought up to support the bitcoin bubble. If bitcoin truly does implode, short nVidia stock.
You can't invest in blockchain because the idea is public domain and there are zero barriers to adoption or use. There are many potential applications for blockchain - particularly cases where a product's development and/or distribution chain is complicated or insecure. But I could set up my own blockchain here in my house and use my family to maintain it just as a proof of concept and it would cost me next to nothing.
I put some investment into crypto for the first time last month.
hbar. IBM is on the governing council..
I got into hbar through an investment with fobi ai, small cap tech stock that lead me to research the coupon bureau, universal digital coupons and that lead to hbar. Dunno where it will go but there will surely be a whole lot of transactions on the ledger. Hopefully many of them through fobi as well.