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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@GoldfingerFinancial markets are not 'normal' so applying normal distributions to markets is sure to lead to folly, or ruin. Volatility measures can be useful, but you can expect the massively unexpected to occur from time to time and blow up any system based upon normal probability distributions.
@Goldfinger$Bitcoin is also a great example of the importance of a tight float, there are 16,350,000 bitcoins in circulation right now. How many juniors have so few shares outstanding with even a modestly attractive project portfolio? @Allan should get this... #everhang
@PhotoJ@Goldfinger To all the top callers... Is it possible we're just experiencing a massive re-rating of the space? I mean, when you have a company like Deloitte coming out and declaring "10% of global GDP will be on blockchain by 2025", plus all the giants in the EEA (Enterprise Ethereum Alliance) - they clearly want in on this technology. It's not going away. It's basically gone from a super niche computer geek/criminal space to some of the biggest companies on the planet publicly declaring this blockchain thing is legit, promising, and we plan to integrate it into our business. If Deloitte is anywhere close to being right, the eventual winners will be worth many, many multiples of current valuations.
That said... I'm certain that 99% of the altcoins are worthless. There are probably only a half dozen or so that have any real business existing. Also... it's really easy to sh!t on these things if you don't really understand the technology. Anyone even remotely interested should take the time to at least understand the difference between bitcoin and ethereum.
@RunningWithTheBullBitcoin is the modern tulipmania
Tulip mania or tulipomania was a period in the Dutch Golden Age during which contract prices for bulbs of the recently introduced tulip reached extraordinarily high levels and then suddenly collapsed. Wikipedia
Period: 1636 – 1637
@Goldfinger@nobshere A clever idea he came up with to use the "Joe Friday: Just The Facts" theme to get around all the TA neophytes who love to misinterpret TA. He posts chart setups that are usually approaching an actionable moment, and then you have to sign up for his premium service to get the actual trade calls.