Velo Vol
Internets Expert
- Joined
- Aug 19, 2009
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Because (for now, at least) there's no inherent value in this stuff unless you can get more people to buy into it.It's hilarious because if you think you are truly on to something that others don't understand and are behind the curve on, isn't it in your interest to kind of keep it to yourself? Especially from a trading perspective.
I don't disagree with you, but the crypto bros don't believe that though. They think that this is the new wave, and it is here to stay whether you "get it" or not.Because (for now, at least) there's no inherent value in this stuff unless you can get more people to buy into it.
Because they are members of a cult. They think that governments cannot or will not crack down on it in any way. Which, again, is really funny if you think about it. A huge reason why that community loves crypto to begin with is because it isn't government-controlled. What do they expect...an alternate monetary/payments system to spring up outside of their control and for governments to just let it happen?The true believers don't seem to think this can happen.
Which is why crypto's future is most likely as digital gold rather than a payment system. Ethereum might be an exception.Well put. One thing that you learn from the morons is that people don't grasp what money is. What I mean by that is:
1. Human needs can only be met by work. This is most clearly illustrated by food, because food is clearly only by work and you don't live long if you stop eating.
2. Money is only useful as a means of measuring work. You can't use money if nobody will work for it.
You can't pay the river and the sun and the sky. You can only pay people, and it turns out if people don't work, you'll starve quick.
It doesn't matter how money is denominated. It matters that people will work for it. It doesn't seem like this is common knowledge, somehow.
P.S. I thought it was comical that they banned it on WSB. In WSB they'll ban you if you don't drink your own pee and post video. But by golly Bitcoin was just too vile.
I don't know what to think about INTC. I read up some on where they stand technically. They are clearly in a chip boom cycle and trading at a P/E of 12? It has to be worth that. I actually am holding AMD today (not bad) and I had gotten into that again by selling a put based on the price of puts, which again puts you wheeling it when it goes against you.
Wow, that was quite a day for SUMR. I never heard of it, but it's been a while since we had a baby.
INTC has their own fabrication facilities. That’s great during up cycles as they aren’t reliant on Taiwan Semi. But when things slow down they can’t scale back their costs accordingly. I think that they are fairly safe from a stock price crash and should be a beneficiary during economic expansions. They have a nice dividend and an attractive p/e.
The downside about having their own fabrication facilities is their technology is several years behind the competition (AMD, NVDA, TSMC). The biggest bull case for INTC is that one would think they will close the technology gap eventually.
I think most know on here know I've been a bull of those 3 for a while so I might not have the most unbiased opinion.
What happened? Typical fat cat American company? Lazy?
Seems somewhat like the American auto industry in the 70s and 80s.
The downside about having their own fabrication facilities is their technology is several years behind the competition (AMD, NVDA, TSMC). The biggest bull case for INTC is that one would think they will close the technology gap eventually.
I think most know on here know I've been a bull of those 3 for a while so I might not have the most unbiased opinion.
I don’t get the connection. Seems like if they own their own production facilities they could change it up anytime that they wanted too. That sounds more like less R&D to me, but I’m only reading summaries instead of studying operational details.
Who has the fanciest chip us all well and good. But that could be priced in and then some.
INTC: 12x
TSM/AMD: 30ish x
NVDA: 80x
The bottom line is their bottom lines.
The money is headed away PCs and more towards mobile, data centers, or gaming. Intel is struggling in those 3 areas so that's why they trade at a huge discount. The stock market is based on future earnings, not the past.
Again, I think the bull case for Intel is strong if they close this gap some. If they gain back some of the share they lost in those 3 area, their PE will shoot up.
Where is Micron in the pecking order? They were THE hardware/chip darling back in the day.