Daily finance
snacks and coffee

Daily thoughts on what's happening on the Stock market and with Cryptocurrencies.

On the first column you will find the actual news, and on the second column are my raw thoughts.

Feb 24, 2022

This is how the market reacted. Cryptocurrencies are down significantly and Gold and Silver are seeing >+3% increases.

I had numerous conversations with friends or people I met during 2020 and 2021 and they were trying to convince me that cryptocurrencies (specifically $BTC and $ETH) are store of value.

It's absolute madness to be onboard with that and my main argument was always: (for the moment) cryptocurrencies are gambling.

Apparently Russia has started to invade Ukraine, stock markets have panicked but AS ALWAYS in these scenarios, $XAU and $XAG went up.

Let's see how this unfolds.

Disclosure: I had a paper position of 10k on Silver in 2021

Feb 8, 2022

"Peloton is firing over 2,800 employees — 20% of its corporate workforce — due to an ongoing downturn in the company's business." (source)

The +30% doesn't make any sense.

The market went crazy just because a new CEO was announced?!

"GameStop partners with Immutable to create NFT marketplace for gamers."

Why haven't Valve implemented this yet?

Steam has two marketplaces of "items":

  1. Point Shop https://store.steampowered.com/points/shop/

  2. Community Market https://steamcommunity.com/market/

Either Valve is missing something or $GME is selling thin air news.

Update: The answer from Immutable is ridiculous

Feb 7, 2022

An interesting platform where you can see Shorts and Options.