Amazon Stock Discussion

DouGiee : The fall of NVIDIA begins...

102362254 : Bitcoin typically recovers in July following a decline in June. However, its performance could be affected by upcoming Mt. Gox repayments and sales by the German government. Personally, I prefer investing in Bitcoin ETFs rather than directly in Bitcoin itself.

mr_cashcow : Thanks again for the reward points
Ah yes bitcoins, the digital gold of the 20th century! It sure fluctuate a lot but I do firmly believe it would rebound soon
July bitcoin performance crystal ball forecast:
Historically, July is a strong month for Bitcoin, with prices increasing by 12% to 19% on average.
In recent years, whenever June ended with a price downturn, July saw a significant comeback, with Bitcoin gaining an average of 7.42%.
Despite this, Bitcoin has begun July 2024 on a high note, rising 4% in the past day to $63,200.
$106 million in short positions have been liquidated in the past 24 hours, with 85% of them being sellers.
Analysts predict Bitcoin to rebound strongly in July after declining by 7% in June 2024
NFA, plz DYOR/DD!

ZnWC : Thanks for the reward points
Bitcoin (BTC) which is the most popular cryptocurrency is +41% YTD as of yesterday and hit a high price of USD 72,000 last month.
I think the BTC price will undergo several waves of plummet and rebound, not just July. Unlike stocks, BTC is not linked to any company and has no intrinsic value hence it is extremely difficult to time the market. TA indicators may not accurately forecast the price trending.
Disclaimer: The above is not financial advice. Cryptocurrency like BTC is a very risky asset so DYODD before you invest.
Some important info about cryptocurrency you should know:
1) Warren Buffett said in 2018 that cryptocurrency with almost certainty would come to a bad ending. He believes that cryptocurrencies are not a viable or valuable investment.
2) Ark Invest CEO Cathie Wood called bitcoin a “financial super highway,” emphasized the important use cases for the cryptocurrency in emerging markets. Ark’s spot bitcoin ETF has become one of the more successful bitcoin ETFs among the ten funds issued in January this year.
Despite Wood's strong belief, there's no evidence that she bought and held BTC.
3) There is no regulation to protect retail investors who bought cryptocurrency. Those who bought BTC in 2022 will remember several cryptocurrency brokerages collapsed commonly known as "bank run". Just to name a few cryptocurrency exchangers who went bankrupt - FTX, BlockFi, Hodlnaut and Celsius. Many retail investors lost money because they were unable to withdraw their money.