GREY:EPWCF - Post by User
Comment by
Smokey1958on May 19, 2021 11:06am
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Post# 33229842
RE:RE:RE:RE:RE:Awesome news
RE:RE:RE:RE:RE:Awesome news I think it's strictly a market issue, Invio ....and brutal coincidence. Combine that with some wavering overall fear as inflation and covid figures are rattling a lot of chains. Unfortunately even stocks with good (or great) news and large volumes are struggling. The tragic coincidence of a solid NR on these days makes the situation ripe for day traders. In the longterm it doesn't change the positive fundamentals but it sure can be disappointing.
As for crypto, while I couldn't agree more it works perfectly for the maverick investors like some of those preying on these penny stocks ....especially those like CBDT, that are ready to take flight. There is a crypto I have come to understand very well that three years ago was essentially Monopoly money ...and it was used by those that created as such. Literally the moment there was an Exchange, a seller and a buyer ....it achieved "value" in more traditional terms. It has a lifespan of about 10 years. There are billions of it. Imagine you have been essentially gifted or "earned" one million of these. A year ago you're not paying attention to it at $.0001. Two months ago at $.03 it takes on a whole different meaning .....but as in the stock market ....someone eventually has to lose for someone else to gain.
Will there be crypto in the future .....absolutely! Will it look like Bitcoin ....not at all. In the meantime, the mavericks will have a field day with the more naive and some will suffer terribly because of it.
Cheers ....and GLTE .....patiently holding long.
inviolablspirit wrote: Definitely great news, unfortuantely with crypto and tech stocks being down that somehow translates into Empower's news being worthless according to the current stock price movement. How ridiculous is this market and those that manipulate it?
I'm sorry, if I offtend anyone that invests in crypto, but it's literally a worthless investment, or should be. Crypto is completely virtually, they produce no product, render no service and employ no one. I don't get the appeal for something like this. It is an investment completely based on faith. You'll never see an investor like Warren Buffet invest in it because it has literally ZERO value. And with the move to more environmentally friendly options around the world, Bitcoin and other cyptos are an environmental disaster that with eventually disappear. Bitcoin uses more energy per transaction than any other method known to mankind. It uses more energy than a million VISA transactions and more energy than Facebook, Netflix, Apple, Google and Microsoft combined. I can't see it lasting.
But why it's fall and the tech stocks would be affecting this stock is beyond me.