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Thread: Buying Altcoins/Bitcoins and investing in the stock market

  1. #331
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    Re: Buying Altcoins/Bitcoins and investing in the stock market

    The value of anything at any given time is what a willing buyer will pay for it. Obviously, the market is always wrong (if it wasn't wrong, the prices wouldn't change every day), but it's the best mechanism we've got. Sometimes it obviously gets wonky, but I don't think that's a reason to shut it down. Whether or not we shut it down for two weeks or two months, the value of companies is going to be what it is in two weeks or two months. You don't have to watch the carnage live on TV if you don't like, and you don't have to buy or sell in this period. If you want the market to close for two months, just don't buy or sell or pay any attention at all to it for those two months. Exact same effect.


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  3. #332
    Member Redsfaithful's Avatar
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    Re: Buying Altcoins/Bitcoins and investing in the stock market

    I think there are times to close the market if it has the potential to do societal harm. No idea if this is one of those times. Lot of people have forgotten that the stock market isn't the master, it's a tool.
    Turning and turning in the widening gyre
    The falcon cannot hear the falconer;

  4. #333
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    Re: Buying Altcoins/Bitcoins and investing in the stock market

    If the market is UP today, and only down 6% for the year (S&P 500), I don't understand the market at all.

    Pretty clear the decision to leave it open was the right one, though.

  5. #334
    Danger is my business! oneupper's Avatar
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    Re: Buying Altcoins/Bitcoins and investing in the stock market

    Quote Originally Posted by Boston Red View Post
    If the market is UP today, and only down 6% for the year (S&P 500), I don't understand the market at all.

    Pretty clear the decision to leave it open was the right one, though.
    The stimulus(es) went to the stock market (savings/investment) rather than consumption.
    "A person is smart. People are dumb, panicky, dangerous animals and you know it."

    http://dalmady.blogspot.com

  6. #335
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    Re: Buying Altcoins/Bitcoins and investing in the stock market

    Quote Originally Posted by oneupper View Post
    The stimulus(es) went to the stock market (savings/investment) rather than consumption.
    I don't think it's that. It's the Fed. They are pumping in way more money than anything that came from some stimulus checks buying stocks.

  7. #336
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    Re: Buying Altcoins/Bitcoins and investing in the stock market

    Quote Originally Posted by BuckeyeRed27 View Post
    I don't think it's that. It's the Fed. They are pumping in way more money than anything that came from some stimulus checks buying stocks.
    And yet, basically no inflation (so far).

  8. #337
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    Re: Buying Altcoins/Bitcoins and investing in the stock market

    Quote Originally Posted by Boston Red View Post
    And yet, basically no inflation (so far).
    You aren't going to get inflation just because of deficits or stimulus. Rates are as low as they can possibly get. There is basically record high unemployment and spending is currently as tight as it can get.

    If the value of the dollar picks up or if interest rates increase or if spending increases, or more likely a combination of all of those, you MIGHT get inflation. But that situation is very far off right now.

  9. #338
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    Re: Buying Altcoins/Bitcoins and investing in the stock market

    Increasing the supply of money should, by definition, lead to inflation.

  10. #339
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    Re: Buying Altcoins/Bitcoins and investing in the stock market

    Quote Originally Posted by Boston Red View Post
    Increasing the supply of money should, by definition, lead to inflation.
    Right, but in practice it doesn't. It's a risk factor, but it has never actually caused inflation. There are some examples in non dollar economies and there were a lot of cases when you had pegged and metal backed currencies.

    Every example in the US of increasing inflation has been some combination of the value of the dollar, spending and rates.

  11. #340
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    Re: Buying Altcoins/Bitcoins and investing in the stock market

    Quote Originally Posted by BuckeyeRed27 View Post
    Right, but in practice it doesn't.
    At least it hasn't. Goldbugs are certainly betting on it right now.

    More money in the system and no inflation is fantastic as long as it lasts, obviously.

    An interesting WSJ article from a few days ago on this issue (paywall) https://www.wsj.com/articles/is-infl...ck-11590750353
    Last edited by Boston Red; 06-01-2020 at 03:47 PM.

  12. #341
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    Re: Buying Altcoins/Bitcoins and investing in the stock market

    Quote Originally Posted by Boston Red View Post
    At least it hasn't. Goldbugs are certainly betting on it right now.

    More money in the system and no inflation is fantastic as long as it lasts, obviously.

    An interesting WSJ article from a few days ago on this issue (paywall) https://www.wsj.com/articles/is-infl...ck-11590750353
    I’m not sure gold is a great inflation indicator. TIPS are projecting growth rates below 2% out to 10 years. Things change of course, but that’s almost a deflationary sign.

  13. #342
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    Re: Buying Altcoins/Bitcoins and investing in the stock market

    Should have bought airline stocks yesterday. Wow. I booked a flight (for September) earlier this week, so it should have occurred to me.

  14. #343
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    Re: Buying Altcoins/Bitcoins and investing in the stock market

    Quote Originally Posted by Boston Red View Post
    Should have bought airline stocks yesterday. Wow. I booked a flight (for September) earlier this week, so it should have occurred to me.
    Probably still have time. Most of them are still down 40-50% YTD.

  15. #344
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    Re: Buying Altcoins/Bitcoins and investing in the stock market

    BTC - From $8,795.50 to $11,181.80, up 27.1%

    AMZN - From $1186.00 to $3014.52, up 154.2%

    FB - From $182.78 to $231.30, up 26.5%

  16. #345
    Sprinkles are for winners dougdirt's Avatar
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    Re: Buying Altcoins/Bitcoins and investing in the stock market

    Quote Originally Posted by Boston Red View Post
    BTC - From $8,795.50 to $11,181.80, up 27.1%

    AMZN - From $1186.00 to $3014.52, up 154.2%

    FB - From $182.78 to $231.30, up 26.5%
    Should have bought Amazon instead of trying to save money for a house. I always make the wrong decisions.


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