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Off Topic Does anybody understand bitcoin?

Discussion in 'Hull City' started by Plum, Jan 10, 2018.

  1. originallambrettaman

    originallambrettaman Mod Moderator
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    Coca-Cola as a business is worth $265b, an estimated $97b of that is for the brand name alone, so it's clearly a major asset for the company. But doesn't register as a tangible asset in the numbers you posted, making the numbers not reflect the actual value of the business.

    My business largely trades from a licensing agreement, rather than a brand I own. So in my case, your tangible asset only valuation would work, but on the majority of major companies it wouldn't accurately reflect the value of a company or its share price.
     
    #481
  2. Gone For A Walk

    Gone For A Walk Well-Known Member

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    All depends what you mean by 'stocks and shares' when you are discussing / comparing to crypto. Meaning for example individual stocks and specific groups of stocks, or 'stocks & shares' in general? Absolutely massive difference.
    Following the whole market, or even for example the whole US or Developed World market by indexing with a long term perspective is likely to be far, far removed from 'gambling' (albeit nothing in life is certain except death & taxes, so someone once said).
     
    #482
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  3. TheCasual

    TheCasual Well-Known Member

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    This managed to wipe $4bn off Coca-Cola's share price.

    But stocks and shares are not fickle?


     
    #483
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  4. TheCasual

    TheCasual Well-Known Member

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    The only real celebrity indorsement of crypto I have really seen is Musk with Dodge. It's not hard to stay away from meme coins.
     
    #484
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  5. Sir Cheshire Ben

    Sir Cheshire Ben Well-Known Member

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    I’ve made a few bob out of crypto. My son a fair few bob more.

    If you’re older get guidance from a youngster who understands, it’s what they’re there for.
     
    #485
  6. DMD

    DMD Eh?
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    As I mentioned. :emoticon-0105-wink:
     
    #486
  7. originallambrettaman

    originallambrettaman Mod Moderator
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    A myth, in reality, Coca-Cola’s value actually increased by $1.3b between Ronaldo moving the bottles and the close of trading on the NYSE that day.
     
    #487
  8. TheCasual

    TheCasual Well-Known Member

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    It shows that stocks and shares are unpredictable as well as crypto.
     
    #488
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  9. TheCasual

    TheCasual Well-Known Member

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    Here is my experimental portfolio.
    please log in to view this image
     
    #489
  10. TwoWrights

    TwoWrights Well-Known Member

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    #490

  11. Edelman

    Edelman Well-Known Member

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    At £97 billion I'd say that it is a bargain brand recognition .
     
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  12. TheCasual

    TheCasual Well-Known Member

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    Had a little dip. The portfolio is currently 6.512% and stands at £934.16.
     
    #492
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  13. THE EXCLUSIVE 10%

    THE EXCLUSIVE 10% Well-Known Member

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    Not as much as you think and not for long when it does.
     
    #493
  14. FLG

    FLG Well-Known Member

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    XRP Ripple lawsuit concluded.
    Boom.
     
    #494
  15. TheCasual

    TheCasual Well-Known Member

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    Great news for whole sector.

    Bitcoin has just hit it's yearly high.
     
    #495
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  16. TheCasual

    TheCasual Well-Known Member

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    Bitcoin/crypto has been quite boring lately.

    It has ranged from $28.5k to $31.8k since mid June.

    But it's a good time to buy. We're only about 8 months off the halvening.
     
    #496
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  17. TheCasual

    TheCasual Well-Known Member

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    Here is the experimental portfolio I set up. Currently 25% down because both alt coins have taken a battering. I still expect to be 8-10 up by August 2025.

    Screenshot_20230812_105848.jpg
     
    #497
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  18. Heimdallr

    Heimdallr Well-Known Member

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    Not a criticism, just an observation, Casual, but your reward/risk seems out of line. You've risked 25% of your initial investment to hopefully make 10%, right?

    You could have put your initial investment in a 5% interest savings account for the two year investment horizon and had zero risk or loss and most importantly, stress.

    Losing 25% of an investment is huge - if you bought a house for £300k and it lost 75k of it's value, you'd be angry, but have a home still. It would seem if you're trading a liquid volatile market such as the cryptocurrencies you list, you'd have a tighter stop, say around 5%, and then at least have the opportunity to get back in if it falls further, as it has...

    Perhaps you see different and that's what makes a market.
     
    #498
  19. TheCasual

    TheCasual Well-Known Member

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    I expect Bitcoin to do 500%, Ethereum about 700%. The alts coins I expect to between 1000% and 2000%.
     
    #499
  20. tigerscanada

    tigerscanada Well-Known Member

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    Panorama @ 20:00 tonight... 2023-09-25
    "Downfall of the Crypto King"
    Food for deep thought.
     
    #500
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