To all #crypto investors: Please remember to store your coins in cold wallets away from exchanges.
Besides the problems at #ftx there are rumors about irregularities around proof-of-reserve audits at some other major exchanges:
A week with many events...
Why is Bitcoin falling? What is the ECB doing? Lots of numbers and Paypal completely shocked me! ⤵️
The week was very eventful. Bitcoin fell sharply last week, Paypal wanted to shock the world with news on 25 January, the ECB decided on interest rates again and there were a number of quarterly figures this week. Let's take a closer look.
Why has Bitcoin fallen so much?
3 words explain it: Grayscale, FTX , Miner!
Miners are said to have sold around 10,000 $BTC
BTC were sold. We are currently on the verge of a halving again. This means that the miners will soon only have half the income left. So they have used the increase to build up capital. They are investing in new hardware in order to be able to mine more. Electricity costs rise as a result and so on. They have to take profits from time to time to stay liquid.
Grayscale has converted the trust fund (GBTC) into an ETF and sold over 600,000 BTC. Grayscale's fee policy is not the best and led to further selling. Grayscale sold USD 640 million worth of bitcoins every day. This was felt by the market.
FTX sold 900 million US dollars to GBTC, generating a profit of around 300 million US dollars. However, another positive aspect is that all the new ETFs have already collected around 103,000 BTC and will continue to do so. The market will therefore continue to grow and profits will be taken from time to time!
Is the ECB now lowering interest rates?
No, they are not yet, but they are not currently rising any further. So now the ECB has also found the stop button. However, there are already rumors of interest rate cuts this year. But they don't want to commit to a calendar day, they want to reassess each time. It will be interesting to see what the market prices in for the next round. The FED will be back next week. However, it is not expected to cut interest rates for the time being, but also not to raise them!
Did Paypal shock you with the news?
On 17.01 the CEO of $PYPL Paypal said that they wanted to shock the world on 25.01. That was yesterday and here's what came out of it. Apart from the fact that the exchange rate has fallen by more than 5% in an instant, they said that they are building in a new AI function that will allow you to get a kind of cashback with the Paypal app. So they are trying to jump on the AI bandwagon. But somehow, cashback via app is no longer a big innovation and the world perhaps expected something different. Of course, there was also very little information about what this will look like.
Some important quarterly figures from this week:
$V
Visa first quarter earnings per share of $2.41 beat analyst estimates of $2.34. Revenue of $8.6 billion beat expectations of $8.55 billion.
$TSLA
Tesla fourth quarter EPS of $0.71 misses analyst estimates of $0.73. Revenue of $25.17 billion below expectations of $25.61 billion. Tesla expects volume growth rate in 2024 to be significantly lower than last year.
$INTC
Intel fourth-quarter earnings per share of $0.54, beating analysts' estimates of $0.45. Revenue of $15.4bn, above expectations of $15.16bn.
of $15.16 bn. Intel sees first quarter revenue of only $12.2-13.2 bn (consensus $14.25 bn) and EPS of $0.13 (consensus $0.34).
$LMT
Lockheed Martin Corp. fourth quarter EPS of $7.90 beats analyst estimates of $7.28. Revenue of $18.87 billion beats expectations of $17.95 billion.
$PG
The Procter & Gamble Co. second-quarter earnings per share of $1.84 beat analysts' estimates of $1.70. Sales of $21.4 billion below expectations of $21.47 billion. Outlook for financial year 2024 confirmed.
$MMM
3M Co. fourth-quarter earnings per share of $2.42 beat analysts' estimates of $2.31. Sales of $7.69 billion in line with expectations.
General Electric Co. fourth-quarter earnings per share of $1.03 beat analysts' estimates of
analysts' estimates of $0.89. Sales of $19.4 billion
billion above expectations of $17.16 billion.
$JNJ
Johnson & Johnson fourth quarter earnings per share of $2.29, beating analyst estimates of $2.28.
analysts' estimates of $2.28. Sales of $21.4 billion
billion above expectations of $21 billion.
$NFLX
Netflix fourth-quarter EPS of $2.11 misses analysts' estimates of $2.21. Revenue of $8.83bn beats expectations of $8.72bn. Global subscription growth in Q4 +13.12m. Netflix sees first-quarter EPS of $4.49 (consensus 4.1) and revenue of $9.24bn (consensus 9.27bn).
$TXN
Texas Instruments beat analysts' estimates of $1.49 earnings per share in the fourth quarter.
analysts' estimates of $1.47. Sales of $4.08 billion
billion below expectations of $4.12 billion.
Intuitive Surgical fourth quarter earnings per share of $1.60, beating analyst estimates of $1.48.
analysts' estimates of $1.48. Sales of $1.93 billion
billion above expectations of $1.89 billion.
$ABT
Abbott Laboratories fourth-quarter earnings per share of $1.19 meet analysts' estimates.
Sales of $10.24 billion above expectations of
$10.17 billion
$T
AT & T Inc. fourth quarter earnings per share of $0.54 misses analysts' estimates of $0.56. Sales of $32 bn above expectations of $31.46 bn.
expectations of $31.46 billion.
$TMUS
T-Mobile US misses analysts' estimates of $1.91 in the fourth quarter with earnings per share of $1.67. Revenue of $20.48 billion beats expectations of $19.67 billion.
expectations of $19.67 billion.
#intel
#tesla
#netflix
#zinsen
#zinssenkungen
#zinssteigerungen
#ezb
#fed
#bitcoin
#kryptos
#cryptos
#miner
#greyscale
#ftx
#paypal
#visa
#atandt
#johnsonandjohnson
#johnsonjohnson
#abbott
#intuitivesurgical
#3m
#texasinstruments
#generalelctrics
#proctergamble
#procterandgamble
#aktien
#news
#wochenrückblick
#tipps
#shares
#shareholder
#quartalszahlen
Economy on 18.08.2023...
Market steams on and SpaceX lets bitcoin rauchen⤵️
The market deflated big time this week. The economy is stumbling, new orders are down, energy costs, inflation and so on. Over a week ago, I'm sure most of us had a portfolio that was at a high for a long time. But for me, the strong positive reaction of the market was very exaggerated all along and I used the time to build up cash. It could then slowly become exciting to get this piece by piece in the market. But such weeks belong to the stock exchange everyday life simply again and again with it. This reaction from the market, fits the current situation, rather than what ran 2 weeks ago.
The crypto sector is also strongly under pressure. Blame it on the news that SpaceX has sold a very large amount of $BTC
Bitcoin has sold. Now the assumption is that Tesla could be next. That then caused a big reaction in the market. There hasn't been this much liquidation since FTX. My reaction to this: transferred money to the broker. Negative news always hits 10x more than the positive. That's a lot more in the crypto sector again and always hits hard.
But now it's off to the weekend and what we should do is just switch off and next week the world will look very different again. Sit out, accumulate cash and slowly bring it back into the market and don't get crazy.
Eurex, Small expiration day for stock and index options
Economic data
08:00
11:00
Without time data
Baden-Württemberg (Moody's); Bavaria (Moody's);
Berlin (Moody's); Brandenburg (Moody's);
Estonia (S&P); Estonia (S&P); Moldova
(Moody's); North Rhine-Westphalia (Moody's);
Saxony-Anhalt (Moody's); Switzerland (Moody's).
ex-dividend individual stocks
SDM SE 0.09 EUR
NOVO NORDISK A/S ADR 0.8128 EUR
WALGREENS BOOTS ALLIANCE INC 0.4415 EUR
Quarterly figures / Company dates USA / Asia
No time stated: Deere & Co Quarterly figures
Quarterly figures / Company dates Europe
07:30 Estee Lauder quarterly figures
11:00 Volkswagen: Group deliveries July
#quartalszahlen
#boerse
#börse
#aktien
#news
#newsroom
#community
#communityfeedback
#nachrichten
#täglich
#investieren
#wirtschaft
#politik
#inflation
#fed
#rezession
#mitverstandzumkapital
#krypto
#kryptowährung
#bitcoin
#ethereum
#solana
#zinsen
#ezb
#dax
#inflation
#dividende
#dividenden
#spacex
#ftx
Crypto - "Wild", "without sense and reason".
so the comments, but...
My Crypto Strategy. I actually decided against BitCoin years ago, but in early 2021 I still wanted to get in with about 5%-10% of my capital. So I started different strategies. First I invested about 2/3 in ETPs directly through SC ( Bitcoin, Ethereum). Then the thinking was how could I profit 1000x from growth. How do I find the right coins? With overthinking? With research? With rolling the dice? After plenty of pondering, I actually decided on the last option. I came to the conclusion that it is just as good as any other strategy.
So I assumed that 80% of the coins will run towards 0, 15% will run "ok", the last 5% have to bring it. Similar strategy to startup funding. It is also interesting how I arrived at the amount: You calculate how much the woman spends for playing the lottery, take it times 3 years, done.
After the current development, the whole thing went richly wrong. Keyword FTX. Nevertheless, I think it was not too crazy, if of course risky. I was aware of the risk, and was willing to take it, that it came so "hard" thanks to FTX, but was somewhat surprising.
Even if some here did not want to hear it. I think it is important to report failures as well. What thoughts and goals were behind it. I have now removed my Crypto here, the calculation was unfortunately not right. But I still have you. Lotto goes on 😊
"A lot of people doubt me when I tell them I have a billion dollars so just thought I’d share this to put the conversation to bed". #ftx