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JoyousMischief 1 point ago +1 / -0

If you think that crypto is a risk on asset rather than a hedge, which is what it acts like, when the overall market is done crashing. If btc is sub 30k right now, wouldn't want to see what it looks like in the midst of a SPY cratering and mass liquidations.

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JoyousMischief 5 points ago +5 / -0

They also want to inflate cost of living so you will own nothing and 'be happy.'

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JoyousMischief 3 points ago +3 / -0

Yup. Another interesting bit of data showing that the whales seem to be going risk off and pumping gold. https://twitter.com/_Crypt0Jack/status/1497307846681116676?cxt=HHwWiICqjbbjwMcpAAAA

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JoyousMischief 2 points ago +2 / -0

First of all: stock price doesn't determine if it's cheap. A stock price is simply a function of the valuation of the company (market cap) and how many shares are outstanding, so a one dollar stock can be for a larger company than a five dollar stock and can be overpriced for the 'real value' of the company relative to a more expensive stock per share. Second: this is a super volatile time in the market. Just yesterday the S&P opened 2% down then rallied all the way through today a rally of about 6%. These wild swings in price aren't usually indicative of a very healthy market, and with worsening market conditions incoming (interest rates hikes planned in March due to massive inflation), I am personally not longing any companies. Keep in mind the historic bull run we've seen and the amount of hype around stocks pushing them well beyond what the underlying company is actually worth (Tesla). I would personally hold off for a while until this market cycle corrects, and you are able to buy at a discount, rather than after years of up only mode in the market.

Now this isn't to say that there aren't projects that you could look at that might pay off (for example, with increased uncertainty you could look at a gold company like AUY as a play for market uncertainty/correction, or one that I'm looking at in the future is UUUU for uranium play with increasing demand and fuel shortages creating needs for alternate sources), however, keep in mind how market volatility might make positions oscillate wildly. UUUU for example increased like 10% yesterday and another 5% today, which is some rather extreme movement. Best of luck, be patient, and if anybody would like to say I'm a retard for any arguments/ideas laid out, feel free, I'm a relative noob so grain of salt.

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JoyousMischief 1 point ago +1 / -0

Looking at the technical analysis because that's more my jam, the MACD on the daily and weekly charts look bearish, so I wouldn't hate a short with a price target of around the low 40s, although with news on the horizon and the factors of DC sucking them off as others have mentioned, I would personally see better targets for shorting. Even shorting the overall market has been doing pretty well for me, personally with inverse leveraged ETFs. Basically, the chart looks decent, but it's one I'd watch and have stops for because of potential bulllshit rallies, and honestly, the whole market is horrifically overvalued, so given the shakiness now, I think you're spoiled for choice with shorts. Not financial advice, do your own DD and all that. Best of luck and feel free to call me a retard, since I'm a relative noob at this. Edit: just noticed how many days this was ago, sorry lol. Obviously would have worked quite well for you if you'd shorted 9 days ago. Cheers.

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JoyousMischief 1 point ago +1 / -0

On the subject of meta, I can just say that from what I saw people saw it as a joke at best and a horrible/incompetent project at worst. The graphics made VR chat look realistic, and combined with the typical soulless corporate marketing, a lot of people got a mix of out of touch/actively malicious from the company, which is about the worst combo you can get. Beyond that, you have to look at the overall market. Tech stocks are largely crashing hard (see: Twitter, Paypal), and so the market it basically looking for a value catalyst to send it correcting from the massive bull run its been on. The market is teetering towards a major correction, and so any stock that has already seen major returns in the past couple years is on shaky ground. Not financial advice, do your own DD and all that, but in the near future I would expect significantly more down before facebook would be able to really make another rally.

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JoyousMischief 1 point ago +1 / -0

From the mods "Memes are still allowed. Anyone is able to post memes on the weekdays with context, or on Friday to Sunday as image posts.

Users with a history of posting high quality OC memes can post images/videos at anytime." So basically, if you aren't a 'reliable source' and a normal meme pleb, get fucked.

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JoyousMischief 2 points ago +2 / -0

Why have fun, when you could just stop the public from becoming interested in stonks, comrade.

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JoyousMischief 1 point ago +1 / -0

Given that bitcoin is crashing right now, you could look at crypto related stocks once that crash stops and bitcoin bounces off its 30k floor.

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JoyousMischief 1 point ago +1 / -0

Stocktwits that is. Of course I fucked the name up. XD

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JoyousMischief 2 points ago +2 / -0

Warrant going down would indicate that there's less demand for a long term play on the stock, to my knowledge, similarly to how the CFVIW went up about 7.5% today in anticipation of a future rally. Not to say that it's necessarily bearish, but it would indicate that at least some investors are spooked about DWAC's long term potential. At least that's my understanding, somebody tell me if I'm retarded.

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JoyousMischief 1 point ago +1 / -0

Fair point there. I'm not in any large cap companies because the current market looks pretty top-ish to me, so I guess I'm already positioned for either scenario lol.

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JoyousMischief 1 point ago +1 / -0

I bought in near the start of the month at 15 lol. Averaged down a little, but still at 14.3. This has been a tad stressful, I must say, but the certain floor along with the massive potential upwards gives me a lot of hope for January.

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JoyousMischief 5 points ago +5 / -0

Happy to help and thanks, that does sound like a good idea! Edit, just checked and it says "(1 Ord Class A & 1/4 War)" so it might not be .5 warrant.

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JoyousMischief 2 points ago +2 / -0

If you haven't heard about it yet somehow, the Rumble merger CFVI might work for the necessary volatility day to day. Good luck and Godspeed.

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JoyousMischief 7 points ago +7 / -0

If this dropped down to 40 and was about to rebound like a motherfucker, then maybe. Right now? There's a lot of possible movement downwards and you would remove your capacity to hold for long term profit. Look at the graph and imagine if you had done what you suggest on Dec 2. Do not bet what you can't afford to lose, and certainly don't bet what you can't hold losses on for months.

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JoyousMischief 2 points ago +2 / -0

I'm more in the rumble play right now because I see more upside to that with less risk, but both are damn good plays, and push up the other.

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JoyousMischief 3 points ago +3 / -0

This aged like the finest of wine.

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JoyousMischief 2 points ago +2 / -0

If you think that wasn't all corporate speak without any details, then you have far more faith in financial institutions than I do.

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JoyousMischief 1 point ago +1 / -0

Yeah, and all the handshakes spamming their support is suspicious as hell.

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JoyousMischief 2 points ago +2 / -0

If the overall market fails, bitcoin will get fucked at least short term. It's a good hedge against inflation, but paradoxically institutional investors when they go risk off they get out of crypto, thus damaging the hedge if things get bad enough. The best hedge for a huge crash or hyperinflation is gold. Cash would be better than stocks for a market crash but over time with this inflation you'll get fucked. Just my advice. That is in no way financial (lol)

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JoyousMischief 1 point ago +1 / -0

Yup. Probably going to buy some back up when it gets to at least 40 and it looks like it's hitting support.

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