Quote from: Gachapin on Today at 12:41:30 AM

Quote from: Biodom on December 27, 2022, 10:25:19 PM

Quote from: Gachapin on December 27, 2022, 10:09:13 PM

Quote from: BitcoinBunny on December 27, 2022, 08:17:07 PM

Glad I didn't buy any Tesla shares. Fuck sake. It's in a total death spiral now.

Roll Eyes

starts to looks like a shitcoin chart

META, NFLX and TSLA all did about 75% drop from the highs.
Considering that two of those had the market cap more than a tril, it is quite astonishing.
The question is, what they are going to do going forward?
People don't want to look back too much, but about 50-60 years ago (I wasn't investing back then, just read books about it more recently), there were nifty fifty (50 large caps in US) in the 60ies and 70ies.
They were as "untouchable" as the FAANG stocks were before.
Those nifty fity were up even when others were down.
Finally, the 1973-1974 bear market dropped them hard (75% or more)-and most never recovered their prior outperformance (Walmart was the exception).
The point is that it is unlikely that most of the top techs would outperform from the middle of this decade going forward.
Both AAPL and MSFT were founded in the mid-late seventies...we shall find new stonks like this at or after 2025-2026 (apart from btc, which should be the center of the portfolio).

sounds likely...

compared to these stocks BTC hasn't performed so bad in the down trend this year... I hope that doesn't mean we are going to fall further

In reality, patience does not come anymore. The wealth I invested in the past has now completely shrunk. He says how to be patient.