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
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."
Feb 7, 2022
An interesting platform where you can see Shorts and Options.