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birb_cromble  1mo ago (text post)   993 thread views

Weekly Finance Thread

A weekly thread to discuss financial matters - from personal all the way up to global.

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This is crazy haha. How did you manage not to sell when it 10xed? Or 20xed? Or 30xed? Etc.? Did you forget about it, or do you have some sort of "no selling before I retire" approach?

The only useful thing bitcoin ever created was NVDIA. NVDIA chips enabled AI’s linear algebra equations to work.

NVDIA has had 3 stages

  1. Video games
  2. Bitcoin
  3. AI

The use case in the prior use case funded the research to make the chips useful in the next use case. For an investor though I think it’s hard to hold long term. If you saw the prior cycle and the market fully priced in Video Game usage why would you also realize bitcoin is going to explode and these chips are super useful?

I also think NVDIA is an example where research funding creates things that eventually have other applications. NASA research once did this for a lot of things that found civilian uses that may not have been immediately known.

It's going to be so hilarious if violent video games turn out to have caused the cure of cancer.

It's in a taxable account. Every time I consider selling, the question I have to ask myself is "Is where ever else I'd put the money worth the 15% haircut?" Basically I'm looking for an upside over Nvidia of at least 15%.

The answer continues to be "no". It was "no" when it doubled, it was "no" when it 10x'ed, it was no then it crossed $200/share and I'd 50x'ed. If it ever hits $400/share and I've 100x'ed it will pobably still be "no".

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