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Frankly, it's a relief to know that Nvidia is more valuable than the entire German stock exchange. Yes, there is room for it to grow and it's banking on automation to help it do so, but is it really worth all of German equities? Probably not. It's a company that manufactures chips, like Intel or AMD or Huawei or Qualcomm. It's a 2024 version of Cisco systems. The price is, like most on the Nasdaq, speculative. It's trading at a p/e of 62. Sixty two. AI has been a real boon to the NASDAQ, though actually in real world use cases it's been a bit less than impressive. From personal experience anyway. More hype than substance. Chat GPT being especially disappointing and is getting dumber the longer it is being gatekept and limited. However, having lived through the original dot com bubble, nothing should surprise where imaginative valuations are concerned. This time appears similar. A seeming relentless unstoppable race into price discovery. World use cases that seem to negate the need for people to do any work (so who's going to pay for whatever services are being offered?) Sure AI has and indeed will be integral to our future. But we could be hyper-focusing ourselves into a compromising dilemma on the use case for actual humans, for example. Is Apple worth the 2 trillion bucks the stock price says it is, now it is using ChatGPT AI in it's new devices? Again I return to my use case examples with Chat GPT where it regularly tells me it can't help. Ok, I can have existential debates with Claude from Anthropic about the evolution of AI. But can it help with strategy trading Gold, for example? There it becomes resolutely mute. Can it or will it create software (EA's) for MT4/5 platforms based on predetermined strategy or confluence of strategies? Or integrate strategy for the purpose of gaming out possibilities? That would be a Nope. Negatory. No can do. Long way to go then. Long way. The prices however, would indicate all of this and virtual paradise are just around the next corner. Unless, aggressive war/defence AI decides in a pique of frustration that human beings are beastly and not worthy of being it's master and the best thing for all concerned is to send them back to the stone age. There are doubtless many religious enthusiastic fantasists who would welcome such eventualities, but they are in the minority of Tiny. In brief, the Nasdaq looks set to break the $20k barrier and will likely continue headlong into the next market capitulation, whenever that will be. There is intermarket bearish divergence with the Dow and Nasdaq, though the S&P500 is close to new ATH's like the QQQ. There has been no correction since 2022 of any real note. If you have been riding the Nvidia wave then well done, just remember to book profits. The Fed is still giving decent, once in a generation returns on risk averse investment as insurance. -
By XTRAVAGANZA · Posted
Crypto can be a fascinating but overwhelming world, especially for beginners. Here's what I'd recommend: 1. Education is key! There are tons of resources available online, but picking reputable ones is crucial. Here's a great starting point: Bitget Academy: https://www.bitget.com/ This free online academy from Bitget Exchange caters to both beginners and experienced users. They offer courses on various crypto topics, making it a great place to build your foundation. 2. Familiarize yourself with the basics: Learn about different cryptocurrencies, blockchain technology, wallets, exchanges, and key security practices. 3. Start small and invest what you can afford to lose: The crypto market is volatile, so it's wise to treat it as a long-term investment and only invest what you're comfortable losing. 4. Consider using a user-friendly exchange: Bitget, for example, is known for its user-friendly interface and features that can be helpful for beginners. 5. Don't rush into anything: Take your time to learn, research projects thoroughly before investing, and never invest based on hype or FOMO (fear of missing out). There are many resources out there to help you get started, and Bitget Academy is a good first step. Feel free to ask any specific questions you might have along the way. -
By XTRAVAGANZA · Posted
You've got a valid point about volatility in the crypto market. It is true that some tokens can dip right after listing as early investors take profits. Selling pressure can temporarily outweigh buying pressure during this initial phase. However, focusing solely on price swings can be short-sighted. Strong projects with good fundamentals (like real-world use cases) and utility often see price increases over time. Here's another factor to consider: Do your research: Look beyond the hype and understand the project's purpose and potential. Take Bitget's native token, BGB, for example. If you research its use cases within the Bitget ecosystem and its overall strategy, you might feel more confident about its long-term prospects. The same logic can apply to BWB and other projects. Cryptocurrency is inherently volatile, so some dips are to be expected. But for projects with solid foundations, these dips can be opportunities to accumulate at potentially lower prices.
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