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Oh hey I appear to have made almost $200K on BTC in like 2 weeks. Nice.
| the walter white of this generation (walt jr.) | 08/24/26 |
| A Fidelity Trader told me once... | 08/24/26 |
| the walter white of this generation (walt jr.) | 08/24/26 |
| A Fidelity Trader told me once... | 08/24/26 |
| Wilbur in the Godhead | 08/24/26 |
Poast new message in this thread
Date: August 24th, 2026 10:52 AM Author: the walter white of this generation (walt jr.) Has anyone ever figured out why this shit goes up and down? I mean, it's *sometimes* predictable--everyone in 2024 knew we were basically kalshi'ing on the election--but like why did it just rise by 30%?
Really feel like this is an asset class that favors me as a reckless and inattentive retard. I just open coinbase every 5-14 months (which is always fun, since I don't know what number i'm going to see... to like a factor of 100) and if the number seems low, I buy more, and if it seems high as fuck, I use that pay my quarterly taxes.
This "strategy" has netted me an amount I haven't calculated since I bought my house in 2021 (it was >$600K then) and is almost certainly 7 figures. |
Date: August 24th, 2026 10:56 AM Author: A Fidelity Trader told me once... (Prestige Feuds) I'm pretty sure crypto is inversely correlated to the stock market.
When tech and AI stocks were booming at a meteoric unprecedented pace, crypto went down about 40%.
When stocks tanked or went flat for a long time and investors are terrified about inflation and interest rate hikes and slower economic growth, they pull out of risky tech assets and they plunk the money into crypto which has an anti inflationary bend. Simple as. |
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Date: August 24th, 2026 11:04 AM Author: the walter white of this generation (walt jr.) So am I betting against AI by investing in crypto? If so, the big AI companies themselves (which I know to a moral certainty are overvalued), or the concept? I don't consider myself an AI skeptic, but it does seem to me that a lot of the investment is driven by low-probability super-high end transformative outcomes. (http://www.autoadmit.com/thread.php?thread_id=5896607&forum_id=2Reputation#50089039) |
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Date: August 24th, 2026 11:42 AM Author: A Fidelity Trader told me once... (Prestige Feuds) You're not betting against AI. You're hedging against slow growth due to macroeconomic factors. You're saying OK I think AI will happen in the long run but it's probably not going to take off in the next year. There are forces running against it. People who can't afford eggs at the grocery store. Home buyers trying to get a loan. The Fed and the Treasury have to manage 350 million people's expectations. Now you have a budding political movement against building data centers which is extremely stupid and bad for AI. But people are passionate about preserving their communities from perceives disruption. All these political factors are conspiring against AI right now. And the fact that it's still unproven and the model isn't totally understood in terms of long term profitability and who the exact winners and losers are going to be.
So crypto hedges against all of that uncertainty. It's anti inflationary. It's a bet that AI isn't there yet. But that being said the second AI rips in the market crypto will get rug pulled again. When Nvidia starts marching towards 3-400 per share everyone ditches crypto and goes all in on AI. So just be ready. |
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Date: August 24th, 2026 11:03 AM Author: Wilbur in the Godhead (Safari) Got to keep an eye on the earnings report. Check out edgar.sec.gov (http://www.autoadmit.com/thread.php?thread_id=5896607&forum_id=2Reputation#50089038) |