I think the crypto bubble bursts before the ark one.

Ark has already seen 30% correction meanwhile garbage like doge is approaching a 100b market cap based on zero fundamentals. There are so many trash coins out there currently. There needs to be a 2018-esque cleansing.

I prefer talking about stocks, not ponzi schemes.

Crypto is an enormous bubble propped up by new retail """investors""" who are going to all go broke. If reading 90% of the crypto posts on this forum isn't a bright red warning sign, I'm not sure what is.

doge is entering store of value territory now. it was founded on not doing anything


oh come on. one side of crypto is obviously in meme territory now just like in 2017 with the ico craze. yes there are a 1000 memecoins created a day with the sole intention of doing a 10x or if you get lucky 100x+. that said bubble creation and timed popping and pump and dump was literally perfected by wall street. wall street knew what they were doing with derivative mortgage products. they didnt care. as for pumps and dumps its “illegal” (LOL) but in practice they do it all the time but it’s termed “corrections” by which the big players dump, it goes down 5-10% and they reload. this happens oh i dunno 10-25x a year? give or take

and while i am pro-crypto my holdings are still majority in equities and i only buy and hodl. last stock i sold for a true profit to finance something i wanted was in 2016.

I hold many US equities and the rise in the Canadian dollar its just having its way with my account. In the last year the Canadian dollar has come up almost 14%. That makes travel to the US nice but I can't travel!

This post was edited by SBD on May 10 2021 09:29am

yeah, FX is eroding some of my gains since I transferred a lot of my CAD to USD to participate more in the US market during 2020. rip

Must be nice to have a central bank that’s not killing off the purchasing power of your currency! Nice flex.

Feel bad for stupid people, poor people and old people who probably have little understanding of what’s happening with the dollar and are having their wealth eroded by keeping wealth in cash.

central banks are a boomer tool to keep rich and pass the bag down to the next generation.

they inflated all asset classes to benefit them. somebody is going to have to take the loss at some point or this cycle is just going to continue.

This post was edited by Budgeting on May 10 2021 10:14am

Nice pop on Coinbase. Was only a matter of time. I think it settles in the 300-340 range before earnings.

I still can't comprehend wtf is happening with the semi sector. I'm putting more and more money on every 2-3% pull back in some of my semi stocks.

Semiconductor companies might not make much more money than they are currently. The shortage has highlighted how countries need to be able to produce them domestically, so there will be more competition in the long term. Also, TSMC have contracts in place with the likes of Samsung and Apple at fixed prices, it's the auto companies that didn't pre-order when sales were lower in 2020 that are missing out (as are the producers of semiconductors foregoing sales)

This post was edited by dro94 on May 10 2021 12:19pm

Not sure I agree with this. There are a lot of tech trends that all point to semis being in high demand for a long time. A big one is EV's, other ones like crypto, smart infrastructure, VR, overall gaming being others.

Like in 30 years do you see your house, car, electronics needing fewer better chips or more?

The industry is hampered right now because they can't produce to meet demand but that's a short-term issue because obviously capital will flow into the sector to expand capacity. More silicon wafers will be created. More factories from TSM the likes will come online. That means much higher revenue going forth IMO. Contract hedging may cap profits in the short-medium term but when those contracts expire the semi manufacturers will obviously adjust the price upwards.

I think the only concern with some of these companies is they aren't cheap and basically already ran up significantly in the last few years so at this point many of these things are priced in. Idk though, some of these companies don't feel overly expensive. Maybe they are, but I can counter and say pretty much all of the market outside of maybe like energy being overpriced.

This post was edited by ofthevoid on May 10 2021 12:42pm