Economy Stocks thread v28: in loving memory of Rob Mafia and Brackis1

wlu.29 said:
You think they still have run way?
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Absolutely, quantum computers are going to be able to break Bitcoin encryption in a few years. Sector is going to be extremely volatile in the short term, so finding an entry point is going to be tricky if you're looking to trade. If you're playing the long game though then you won't need to worry about that as the sector will explode in the upcoming years.
 
Voodoo_Child906 said:
Absolutely, quantum computers are going to be able to break Bitcoin encryption in a few years. Sector is going to be extremely volatile in the short term, so finding an entry point is going to be tricky if you're looking to trade. If you're playing the long game though then you won't need to worry about that as the sector will explode in the upcoming years.
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“In a few years” LMAO

Not only is that much further away than a few years, Bitcoin isn’t static. There are ways to “quantum proof” the chain.
 
Rob Battisti said:
“In a few years” LMAO

Not only is that much further away than a few years, Bitcoin isn’t static. There are ways to “quantum proof” the chain.
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A lot of experts are saying that in 5-10 years Quantum Computing will be able to break Bitcoins ECDSA encryption.

https://www.analyticsinsight.net/cybersecurity/can-quantum-computing-crack-bitcoins-encryption-soon

5 years

And while classical systems can "quantum proof" the chain for now, new quantum algorithms will emerge that target the mathematical foundations of post-quantum cryptography. It's like AntiVirus always being a few steps behind attacks. Eventually Quantum computing is going to be needed by everyone in order to protect every asset, and that's when everyone is going to be wishing they invested now.
 
Voodoo_Child906 said:
A lot of experts are saying that in 5-10 years Quantum Computing will be able to break Bitcoins ECDSA encryption.

https://www.analyticsinsight.net/cybersecurity/can-quantum-computing-crack-bitcoins-encryption-soon

5 years

And while classical systems can "quantum proof" the chain for now, new quantum algorithms will emerge that target the mathematical foundations of post-quantum cryptography. It's like AntiVirus always being a few steps behind attacks. Eventually Quantum computing is going to be needed by everyone in order to protect every asset, and that's when everyone is going to be wishing they invested now.
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I’m not against quantum in anyway shape or form. Quantum computing alongside AI is going to be the biggest risk in the world.
 
Rob Battisti said:
You like it as a mix of IONQ, RGTI and QBTS?
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I have IBM as well, but those 3 are the more volatile ones that can triple and quadruple again in a few years. I remember looking at them in 2024 but didn't pull the trigger, still pissed about that lol. As you can see from the charts these stocks are extremely volatile so I don't recommend trying to day trade them too much.
 
Voodoo_Child906 said:
I have IBM as well, but those 3 are the more volatile ones that can triple and quadruple again in a few years. I remember looking at them in 2024 but didn't pull the trigger, still pissed about that lol. As you can see from the charts these stocks are extremely volatile so I don't recommend trying to day trade them too much.
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RGTI in 2024? That’s meme crypto levels of multiples.
 
Rob Battisti said:
RGTI in 2024? That’s meme crypto levels of multiples.
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Ya, it was 80 cents when I looked at it in 2024, now it's $28! The market cap is still only 9 Bil which is tiny compared to other tech stocks. They're currently not making much money but Quantum may run like AI/Semi Conductor stocks in a few years when they're more applicable.

RGTI is set to deliver their 100 Qubit system by the end of the year. I'm not sure if it's already priced in but if they achieve their 99.5% fidelity rate it could level up again. If they miss though, lookout below...
 
Voodoo_Child906 said:
Ya, it was 80 cents when I looked at it in 2024, now it's $28! The market cap is still only 9 Bil which is tiny compared to other tech stocks. They're currently not making much money but Quantum may run like AI/Semi Conductor stocks in a few years when they're more applicable.

RGTI is set to deliver their 100 Qubit system by the end of the year. I'm not sure if it's already priced in but if they achieve their 99.5% fidelity rate it could level up again. If they miss though, lookout below...
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Right now I’m over leveraged in CLSK. Which has had a nice little run, but I want out. Thinking about options now.
 
Rob Battisti said:
Right now I’m over leveraged in CLSK. Which has had a nice little run, but I want out. Thinking about options now.
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I'm actually looking at RFK's MAHA plan and how it's going to affect the farming and fertilizer sectors. If he gets legislation through then the organic farming/fertilizer sectors are going to get a bump.
 
It looks like the suits from UNP kissed the ring to help grease the wheels for their merger to go through. Trump's firing federal regulators who are overseeing the merger, who might be against it, for not being "America First."

Trump also doesn't want to make a comment on it but made a comment on it:

Sept 19 (Reuters) - U.S. President Donald Trump on Friday said that a Union Pacific merger with Norfolk Southern "sounds good to me.

"I don't want to make a comment on it but Union Pacific is a great railroad," Trump told reporters in the Oval Office.
 

Buffett’s Berkshire totally exits its profitable stake in Chinese EV maker bought because of Munger​

​

Berkshire Hathaway has completely exited its extremely profitable equity investment in the Chinese electric vehicle maker BYD. In August 2022, Berkshire began to reduce the 225 million share position it had purchased in 2008 for $230 million. That followed a 41% jump in the value of the position during that year’s second quarter to $9 billion. By June of last year, Berkshire had sold almost 76% of its stake, bringing it just under 5% of BYD’s outstanding shares. By crossing below that level, Berkshire no longer had to disclose subsequent sales under the Hong Kong exchange’s rules, so as far as we knew the company owned 54 million shares.

A Buffett Watch reader, however, pointed out that the Q1 financial filing by Berkshire Hathaway Energy, the subsidiary that held the shares, listed the value of the investment as zero as of March 31. A Berkshire spokesperson confirmed that the entire BYD position has indeed been sold. Based on the investment values listed in BHE’s reports, the sales continued after the stake fell below 5% last year. Berkshire made its initial purchase 17 years ago at the urging of Charlie Munger. At the 2009 annual meeting, he told shareholders that even though it looked like “Warren and I have gone crazy,” he saw the company and its CEO, Wang Chuanfu, as a “damn miracle.”

It was an incredible call. BYD shares increased by roughly 3890% during the years Berkshire owned them.

 
BABA back from the dead! Up another nearly 10% today, to around $180. Because (why else does anything go up these days?) they announced an AI spending boost.

BABA was around $100 in mid July and about $80 in January.
 
HOLA said:

Buffett’s Berkshire totally exits its profitable stake in Chinese EV maker bought because of Munger​

​

Berkshire Hathaway has completely exited its extremely profitable equity investment in the Chinese electric vehicle maker BYD. In August 2022, Berkshire began to reduce the 225 million share position it had purchased in 2008 for $230 million. That followed a 41% jump in the value of the position during that year’s second quarter to $9 billion. By June of last year, Berkshire had sold almost 76% of its stake, bringing it just under 5% of BYD’s outstanding shares. By crossing below that level, Berkshire no longer had to disclose subsequent sales under the Hong Kong exchange’s rules, so as far as we knew the company owned 54 million shares.

A Buffett Watch reader, however, pointed out that the Q1 financial filing by Berkshire Hathaway Energy, the subsidiary that held the shares, listed the value of the investment as zero as of March 31. A Berkshire spokesperson confirmed that the entire BYD position has indeed been sold. Based on the investment values listed in BHE’s reports, the sales continued after the stake fell below 5% last year. Berkshire made its initial purchase 17 years ago at the urging of Charlie Munger. At the 2009 annual meeting, he told shareholders that even though it looked like “Warren and I have gone crazy,” he saw the company and its CEO, Wang Chuanfu, as a “damn miracle.”

It was an incredible call. BYD shares increased by roughly 3890% during the years Berkshire owned them.
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Guess they realize TSLA will beat them out
 
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