Stock coin – Sweet As A Biscuit http://sweetasabiscuit.com/ Wed, 18 May 2022 17:27:59 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://sweetasabiscuit.com/wp-content/uploads/2021/10/icon-14-120x120.png Stock coin – Sweet As A Biscuit http://sweetasabiscuit.com/ 32 32 5 stocks to avoid after announcing disappointing results https://sweetasabiscuit.com/5-stocks-to-avoid-after-announcing-disappointing-results/ Wed, 18 May 2022 13:36:45 +0000 https://sweetasabiscuit.com/5-stocks-to-avoid-after-announcing-disappointing-results/ The stock market rebounded slightly from its sharp drop last week. The Dow Jones Industrial Average gained 431.17 points to close the latest trading session at 32,654.59, while the S&P 500 and Nasdaq Composite jumped 2% and 2.7%, respectively, to end the session at 4,088.85 and 11,984.52. Markets have sold off in recent weeks on […]]]>

The stock market rebounded slightly from its sharp drop last week. The Dow Jones Industrial Average gained 431.17 points to close the latest trading session at 32,654.59, while the S&P 500 and Nasdaq Composite jumped 2% and 2.7%, respectively, to end the session at 4,088.85 and 11,984.52.

Markets have sold off in recent weeks on fears of aggressive interest rate hikes by the Federal Reserve to rein in soaring inflation and a potential economic meltdown. According to FactSet, as of May 6, 2022, 87% of S&P 500 companies had released their first quarter results, including 79% reported EPS above estimates. Although that figure was above the five-year average of 77%, the S&P 500 had a six-week losing streak, the worst since 2011.

Despite positive above-average EPS surprises, some companies reported disappointing results. Recent results from Coinbase Global, Inc. (PIECE OF MONEY), Wayfair Inc. (O), Allbirds, Inc. (BIRD), Beyond Meat, Inc. (BYND), and Paysafe Limited (PSFE) disappointed investors. So we think it’s best to avoid these stocks now.

Coinbase Global, Inc. (PIECE OF MONEY)

COIN, based in San Francisco, is a fintech company that provides end-to-end cost-effective infrastructure and technology. The company offers the crypto-economy’s leading financial account for retailers, a marketplace with a pool of liquidity to transact crypto assets for institutions, and technologies and services that enable ecosystem partners build crypto-based applications and securely accept crypto-asset payments. .

On May 17, 2022, COIN announced that it would be slowing down its hiring due to the market downturn. The company had previously announced plans to triple its size. COIN President and COO Emilie Choi said the company would tone down hiring and instead focus on onboarding employees it has already hired.

COIN’s net revenue for its fiscal first quarter, ended March 31, 2022, decreased 27% year-over-year to $1.16 billion, below the estimate of 1 $50 billion from Wall Street. The company’s net loss was $429.65 million, compared to $771.46 million in net profit the previous year. Additionally, its loss per share was $1.98, compared to at PES from $3.05 a year ago. Its loss per share missed analysts’ estimate of earnings per share by 24 cents.

Analysts expect COIN’s EPS for the quarter ending September 30, 2022 to decline 211.1% year-over-year to $1.80. Its revenue for the quarter ending June 30, 2022 is expected to decline 44.3% year-over-year to $989.10 million. Over the past six months, the stock price has fallen 79.8% to close the last trading session at $70.

COIN’s weak fundamentals are reflected in its POWR Rankings. It has an overall D rating, which equates to a sell in our proprietary rating system. POWR ratings are calculated by considering 118 separate factors, with each factor weighted to an optimal degree.

It has an F rating for growth, stability, and sentiment. It is ranked No. 123 out of 157 stocks in the F-rated Software app industry. Click here to see other COIN ratings for value, momentum and quality.

Click here to view our Software Industry Report for 2022

Wayfair Inc. (O)

To win Boston, Massachusetts, is engaged in e-commerce. The company provides approximately 33 million million products for the home sector under various brands. It offers online selections of furniture, decor, housewares and home improvement products through its sites, including brands Wayfair, Joss & Main, AllModern, Birch Lane and Perigold.

For the fiscal first quarter ended March 31, 2022, W’s total net revenue decreased 13.5% year-over-year to $2.99 ​​billion. The company’s adjusted EBITDA loss was $113 million, compared to adjusted EBITDA of $206 million in the same period last year. Additionally, its net loss was $319 million, compared to $18 million in net profit the previous year. Additionally, its adjusted loss per share was $1.96, compared to adjusted EPS of $1 a year ago, which was above analysts’ estimate of a loss of $1.56.

For the quarter ending September 30, 2022, W’s EPS is expected to decline 1,200% year-over-year to $1.54. Its fiscal 2022 revenue is expected to decline 5% year-over-year to $13.03 billion. Over the past year, the stock price has gained 81.7% to close the last trading session at $55.17.

W’s POWR ratings reflect this weak outlook. It has an overall D rating, which equates to a sell in our proprietary rating system.

It has an F rating for sentiment and a D rating for growth, momentum, stability and quality. Within the Specialized retailers industry, it is ranked No. 41 out of 44 stocks. To see the other note of W for value, Click here.

Click here to view our 2022 Retail Industry Report

Allbirds, Inc. (BIRD)

BIRD manufactures and sells shoes and clothing for men and women. It offers footwear such as running shoes, everyday sneakers, high-top shoes, slip-on shoes, boat shoes, flat shoes, waterproof shoes, and sandals. The New York-based company’s apparel products include activewear, tops, bottoms, dresses, sweaters, underwear and socks.

BIRD’s net loss increased 61.7% year over year to $21.87 million for the first quarter ended March 31, 2022. The company’s adjusted EBITDA loss increased by 77.9% year over year to $12.21 million. Additionally, its loss per share was $0.15, which was higher than analysts’ estimate of a loss of $0.12.

Analysts expect BIRD’s EPS for its 2022 fiscal year to remain negative. Its EPS is expected to decline 15.2% per year over the next five years. Over the past six months, the stock price has fallen 80% to close the last trading session at $4.93.

BIRD’s POWR ratings are consistent with this bleak outlook. It has an overall F rating, which translates to a strong sell in our proprietary rating system.

It has a D rating for Growth, Value, Stability, Sentiment and Quality. It is ranked #67 of 68 stocks in the Fashion & Luxury industry. Click here to see BIRD’s rating for Momentum.

Beyond Meat, Inc. (BYND)

BYND in El Segundo, California, is a food company that offers plant-based meats. The Company’s product offerings include Beyond Burger, Beyond Sausage, Beyond Beef, Beyond Meatballs, Beyond Breakfast Sausage Patties, Beyond Breakfast Sausage Links, Beyond Beef Crumbles and Beyond Italian Sausage Crumbles. It sells plant-based products on all three major platforms of beef, pork and poultry.

For its first fiscal quarter ended April 2, 2022, BYND’s operating loss widened 296.1% year-over-year to $97.62 million. The company’s net loss increased 268.4% year over year to $100.45 million. Additionally, its loss per share widened 267.4% year-over-year to $1.58, better than analysts’ expectations of a $0.98 loss. Additionally, the company’s revenue increased 1.1% year-over-year to $109.46 million, but fell short of the consensus estimate of $111.60 million.

For the quarter ending June 30, 2022, BYND’s EPS is expected to decline 267.7% year-over-year to $1.14. In addition, its EPS for its 2022 and 2023 financial years should remain negative. It has failed to beat street EPS estimates in each of the past four quarters. Over the past nine months, the stock price is down 77% to close the last trading session at $26.96.

BYND’s weak fundamentals are reflected in its POWR ratings. According to our rating system, it has an overall rating of F, which translates to a strong sell.

It has an F rating for Growth, Value, Stability, Sentiment and Quality. Within the Food manufacturers industry, it is ranked last among 87 stocks. To see BYND’s alternate rating for Momentum, Click here.

Paysafe Limited (PSFE)

Based in Hamilton, Bermuda, PSFE is a specialist payment platform. The company aims to enable businesses and consumers to connect and transact through various payment processing capabilities, digital wallet and online payment solutions. Its products include Direct Debt, Digital Wallets, In-App Payments, Online Payments and Publisher Marketplace. It serves the education, field services and financial services sectors.

PSFE’s revenue for its fiscal first quarter, ended March 31, 2022, decreased 2.5% year-over-year to $367.67 million. The company’s net loss rose 1,831.1% year-over-year to $1.17 billion. Additionally, its adjusted EBITDA declined 8.1% year-over-year to $103.96 million.

Analysts expect PSFE’s EPS for its fiscal year 2022 to decline 705.3% year-over-year to $1.21. The company’s revenue for the quarter ending June 30, 2022 is expected to decline 2% year-over-year to $376.52 million. Over the past year, the stock price has fallen 77.5% to close the last trading session at $2.48.

PSFE’s POWR ratings reflect its poor outlook. The stock has an overall D rating, which translates to a sell in our proprietary rating system.

It has a D rating for stability and quality. It is ranked No. 43 out of 48 stocks in the D rating Consumer Financial Services shares. Click here to see PSFE’s additional ratings for Growth, Value, Momentum and Sentiment.

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COIN shares fell $2.80 (-4.00%) in premarket trading on Wednesday. Year-to-date, COIN is down -73.37%, compared to a -14.84% rise in the benchmark S&P 500 over the same period.

Ever since he was in elementary school, Dipanjan had been interested in the stock market. This enabled him to obtain a master’s degree in finance and accounting. Currently, as an investment analyst and financial journalist, Dipanjan is particularly interested in reading and analyzing emerging trends in financial markets. After…

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The most sought-after 50p coin sold for £175 – do you have one? https://sweetasabiscuit.com/the-most-sought-after-50p-coin-sold-for-175-do-you-have-one/ Tue, 17 May 2022 08:15:00 +0000 https://sweetasabiscuit.com/the-most-sought-after-50p-coin-sold-for-175-do-you-have-one/ A lucky coin connoisseur has won a rare Kew Gardens 50p for £175, after 50 people bid on the rare coin on eBay. One side of the coin depicts the country’s most famous botanical gardens. The other side features the Queen’s face, as is the case with 50 pence coins. The Royal Mint, which produces […]]]>

A lucky coin connoisseur has won a rare Kew Gardens 50p for £175, after 50 people bid on the rare coin on eBay.

One side of the coin depicts the country’s most famous botanical gardens.

The other side features the Queen’s face, as is the case with 50 pence coins.

The Royal Mint, which produces coins for the UK, said: “Of all the 50p coins, the Kew Gardens 50p is arguably the most sought after.

“Nothing excites people like this quirky design from 2009.”

READ MORE: Cleaning: Ms. Hinch fans share ‘very effective’ way to get rid of ants

According to Coin Hunter, the Kew Gardens 50p typically sells for between £150.89 and £161.50, which means this buyer has parted with a bit more money than average.

But why is it so special and sought after?

The piece was originally published in 2009.

When first produced, only 210,000 pieces were made worldwide.

DO NOT MISS

While such coins are rare, it might be worth having people at home check their purchases and wallets.

They may have a rare coin that is worth a small fortune.

However, you may have a slightly less rare Kew Gardens 50p in your hands.

Indeed, a recirculated version of the sought-after coin was minted in 2019, to celebrate the 50th anniversary of the 50p coin, which was created in 1969.

Because a much higher number of this coin was minted, it is less valuable to collectors.

But how can currency enthusiasts tell the difference?

Royal Mint explained: “The 2019 version bears a different effigy of Her Majesty The Queen than the original 2009 version and of course features the 2019 mint date, but the Kew Gardens 50p design remains as iconic as ever.

“While this reissue gives collectors a chance to own a 2019-dated version of this sought-after design, it takes nothing away from the original circulating coin for anyone lucky enough to own one.”

Because an original 2009 Kew Gardens 50p is so rare, there are fakes that can be hard to spot with the untrained eye.

Change Checker has provided some tips for spotting a fake.

The website recommended people look for a frosted pattern or very high relief on the side representing Kew Gardens, which can be found on some fakes.

They can also look for a pointed pointed roof on the pagoda and lines either side of the word “Kew”.

On the side that features the Queen’s head, coin enthusiasts should look for the Queen’s neckline; it should point to the ‘P’.

On a fake Kew Gardens 50 pence coin, the Queen’s neck may point towards the ‘E’ or between the ‘P’ and the ‘E’.

Next, they should check the size of the creator’s initials, IRB.

They should also examine the details of SAR’s face, as fake parts can be less detailed and more rounded.

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$1 Billion Crypto Ponzi Scheme Identified by 5 Financial Regulators https://sweetasabiscuit.com/1-billion-crypto-ponzi-scheme-identified-by-5-financial-regulators/ Mon, 16 May 2022 00:45:00 +0000 https://sweetasabiscuit.com/1-billion-crypto-ponzi-scheme-identified-by-5-financial-regulators/ Digital currencies have been tested in the last month since the plunge The developing business sector has been reeling from fundamentally shifting costs, dwindling resources and an assortment of financial difficulties Stablecoins have also gathered dust and plunged sharply over the past month Since November, as the cost of bitcoin, the most well-known digital currency […]]]>
  • Digital currencies have been tested in the last month since the plunge
  • The developing business sector has been reeling from fundamentally shifting costs, dwindling resources and an assortment of financial difficulties
  • Stablecoins have also gathered dust and plunged sharply over the past month

Since November, as the cost of bitcoin, the most well-known digital currency on the planet, has gone down, so have the benefits of monetary forms that were once considered no problem since they were pegged to the dollar. American and managed by trades. .

Advocates of computerized resources praised the efforts of global and public specialists to more easily appreciate and filter the suitability of the area. The stupid Russian attack on Ukraine also contributed to the development.

Across the country, countless people have used digital forms of money to move hoards, indeed demonstrating the usefulness of money. Regardless of its sparkling minutes, the cryptocurrency is currently at a critical crossroads.

bitcoin price

It has lost about half of its reasonable value since November and is helpless against counterfeits, checks and brutal reductions. Regardless of its splendid locations, Bitcoin and other computerized resources are currently at a crossroads.

Currently, controllers are exploring another misrepresentation. More than 50 potential crypto charging breaches have been revealed by global rating checkers, which could set up a test of authority before long – including a potential $1 billion Ponzi conspiracy .

As reported in reports released on Friday, Service Authorization Heads from the Joint Heads of Global Tax Enforcement (J5) countries met in London this week to share ideas and information to reveal the sources. cross-cutting illegal actions.

On Friday, Jim Lee, Criminal Investigations Officer for the Internal Revenue Service, said, “A portion of these leads relate to individuals with significant NFT trades, including possible expenses or other monetary wrongdoing across our neighborhoods.

Scams Discovered

The money included seems to have had an impact on backers around the world, remembering buyers of forms of digital currency for Australia, Canada, the United States, the United Kingdom and the Netherlands .

It seems like [one] is a billion dollar Ponzi scheme. It’s a billion with a “B,” and that lead influences every J5 country, Lee commented.

The J5 is an anti-wrongdoing program involving the legislatures of five countries. The program highlights the expanded assessment of dangers, misrepresentations and misbehavior in the burgeoning digital currency industry.

Also read: Why does LUNA fly away after the massive fall?

Last Monday, US Treasury Secretary Janet Yellen informed lawmakers that the breakdown regarding the TerraUSD stablecoin shows the need for additional regulations.

The J5 was created in light of the Organization for Economic Co-operation and Development’s (OECD) approach to doing more to tackle enablers of wrongdoing.

The Internal Revenue Service Criminal Investigation (IRS-CI), Australian Taxation Office (ATO), Fiscale Inlichtingen-en Opsporingsdienst (FIOD), Canada Revenue Agency (CRA) and HM Revenue and Customs make up the ‘association.

Latest posts by Ritika Sharma (see everything)

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NFTs are no more? Really? https://sweetasabiscuit.com/nfts-are-no-more-really/ Fri, 13 May 2022 22:00:00 +0000 https://sweetasabiscuit.com/nfts-are-no-more-really/ On Sunday, just $52 million worth of NFTs were traded on the largest NFT marketplace, OpenSea. Lower acquisition means precipitous drops in NFT values. After experiencing a mammoth initiation price of $400,000 in April, BAYC is now selling half that. To compound the anarchy, NFTs are falling along with Bitcoin and Ethereum. BTC fell below […]]]>
  • On Sunday, just $52 million worth of NFTs were traded on the largest NFT marketplace, OpenSea.
  • Lower acquisition means precipitous drops in NFT values. After experiencing a mammoth initiation price of $400,000 in April, BAYC is now selling half that.
  • To compound the anarchy, NFTs are falling along with Bitcoin and Ethereum. BTC fell below $28,000 for the first time since 2018.

OpenSea has witnessed a decline in trading volume

The largest NFT marketplace, OpenSea, saw weak sales on Sunday, with just $52 billion in non-fungible tokens traded on the platform. This is the minimum trading volume the market has seen since December and a subsequent decline starting in April, when trading fell below $100 million on a few occasions.

Lesser buying means precipitous drops in NFT prices. After seeing a significant valuation of $400,000 in April, the Bored Ape Yacht Club price has been cut in half. Similar patterns have also been seen in some major collections. MoonBirds recorded $45,000 from its April high of $110,000, while Reese Witherspoon-backed World of Women is $10,000 from $34,000.

To compound the anarchy, NFTs are plummeting alongside crowned crypto asset Bitcoin, and so is Ethereum.

There is a component of overzealous confirmation bias here. People cite a drop in the total number of NFTs purchased as non-fungible tokens purchased as evidence of the big drop, unaware that money is moving to a minor group of exploding NFTs instead of being distributed among thousands of inexpensive NFTs.

In April, traders, for example, acquired on Bored Ape for $400,000 instead of separate NFTs worth $4,000 per coin.

If NFTs were up, they would be pretty much the only thing that was up. The Nasdaq was down 20% the previous month. Unlike on this day of the previous month, Amazon and Apple were down 30% and 12.5% ​​respectively.

Bored Ape Yacht Club’s aforementioned price has been halved, putting it in the position where Netflix is. Woes compounded by the loss of first-time subscribers, the streaming mammoth’s share price halved from the previous month.

READ ALSO – Blockchain will be taught in classrooms in 3-5 years

There is still a lot of life in NFTs

NFT fortunes are in many ways encapsulated by Otherside, an upcoming metaverse associated with Ape NFTs and created by Yuga Labs, founders of the Bored Ape Yacht Club. The organization landed the first airdrop on April 30 where it experimented with $1 billion in virtual land deeds in just 10 days.

It’s hard to say that NFTs are actually dead when the biggest trading ever has happened in the past couple of weeks.

Nancy J. Allen
Latest posts from Nancy J. Allen (see everything)

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Michael Saylor Welcomes FASB Vote to Overhaul Crypto Accounting Standards https://sweetasabiscuit.com/michael-saylor-welcomes-fasb-vote-to-overhaul-crypto-accounting-standards/ Thu, 12 May 2022 23:30:00 +0000 https://sweetasabiscuit.com/michael-saylor-welcomes-fasb-vote-to-overhaul-crypto-accounting-standards/ FASB set to revise its accounting rules for digital assets New standards could mean companies are no longer required to report cryptos such as BTC as intangible assets on their balance sheets Businesses are required to value assets at their lowest price during a given reporting period Bitcoin lawyer and MicroStrategy CEO Michael Saylor invited […]]]>
  • FASB set to revise its accounting rules for digital assets
  • New standards could mean companies are no longer required to report cryptos such as BTC as intangible assets on their balance sheets
  • Businesses are required to value assets at their lowest price during a given reporting period

Bitcoin lawyer and MicroStrategy CEO Michael Saylor invited US Monetary

The Accounting Standards Board (FASB) votes to audit accounting rules for resources and advanced items.

As it remains under current FASB rules – which is the source of legitimate generally accepted accounting principles (GAAP) – organizations must report advanced resources, for example, BTC as notional resources on their monetary records.

Cryptography is expected to not collect the concordant significance of endless reciprocal cash exchanges, monetary instruments, monetary resources, and actions within the organization.

Tesla and MicroStrategy reported impairment losses on their BTC reserves

As cryptography is considered as a notional resource, organizations are expected to quantify resources at their least cost during a given period of detail, which often results in impedance mishaps on accounting reports, that the company does not have closed or not his situation.

The FASB recently held a meeting to decide on the crypto bookkeeping investigation, and bearing in mind that it has yet to release the results via its site, apparently Saylor was watching the live stream so that he revealed that the vote went through 7-0 and expressed his congratulations to the Bitcoin People Group.

It’s amazing. One step closer to making it simpler for businesses to claim Bitcoin on their monetary record and record it appropriately, Kraken Director of Growth Marketing Dan Held responded.

While the timing of the audit is confusing, the outcome certainly could be, a move to a definition resembling anything approaching conventional monetary resources would allow companies to accurately report their assets rather than detailing them at their lowest costs with elusive resources.

For example, Tesla and MicroStrategy have detailed hampering issues in their BTC caches in different quarterly reports over the past few months. This is regardless of not understanding a misfortune through a deal and the cost of BTC frequently showing their positions in the green.

Cointelegraph also reported yesterday that New York-based radio promotion and broadcast organization Townsquare Media posted a first quarter disability deficit of $400,000 on its BTC property. This despite being able to sell his situation for a profit of $1.2 million on the day of the Q1 lawsuit on March 31.

ALSO READ: More than a third of AMC online payments are crypto

BTC and MSTR failure

If MicroStrategy announced it today anyway, the handicap misfortune would be very real. MicroStrategy detailed the normal price for its mammoth 129,218 BTC holdings at $30,700 in its first quarter report released last week, recommending that the company would post a misfortune if it somehow managed to sell. today.

According to Forbes gauges, the total assets of Saylor – which is largely involved in BTC stocks and MicroStrategy (MSTR) – fell from $1.6 billion in March to just under $1 billion this week.

Information from Coingecko shows that BTC has fallen 27.9% since March 1 to settle at $29,741 at the time of compounding, while MSTR has fallen 63.7% to $168.20 in this equivalent time frame, as reported by TradingView.

Despite the fact that Saylor has illustrated at various events that regardless of the value, the organization will proceed to purchase and host.

Steve Anderson
Latest posts by Steve Anderson (see everything)

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Is JASMY still a good buy? https://sweetasabiscuit.com/is-jasmy-still-a-good-buy/ Wed, 11 May 2022 08:05:34 +0000 https://sweetasabiscuit.com/is-jasmy-still-a-good-buy/ Jasmy Coin’s price has not been spared by the recent sell-off in cryptocurrencies, stocks, and bonds. The small cap coin fell to $0.013, which was the lowest level since March 15 of this year. The coin has also fallen over 95% from its all-time high. Other IoT tokens like IOTA, IOTX and VeChain also took […]]]>

Jasmy Coin’s price has not been spared by the recent sell-off in cryptocurrencies, stocks, and bonds. The small cap coin fell to $0.013, which was the lowest level since March 15 of this year. The coin has also fallen over 95% from its all-time high. Other IoT tokens like IOTA, IOTX and VeChain also took a nose dive.

Jasmy Coin is a relatively small but fast-growing blockchain project that was created by senior officials at Sony, the entertainment company. It is a data management platform that aims to become a leading player in privacy solutions. The goal is to help companies manage data well. Additionally, it helps to ensure that individuals are able to protect their data.

The price of Jasmy Coin has fallen sharply over the past few weeks as investors react to rising interest rates and inflation still being significantly higher. Most notably, a quick look at the on-chain data shows that the volume has dropped significantly over the past few days. This could be a sign that previous holders have started exiting their positions.

Jasmy Coin Price Prediction

On the 1D chart, we see that the JASMY price dropped to an all-time low of $0.010 in March this year. It then attempted to pull back and it later hit a high of $0.050 when listed on key exchanges like Binance. At the same time, the coin has formed a descending triangular pattern which is shown in green. In price action analysis, this pattern is usually a bearish sign.

The Jasmy Coin price broke below the 50-day moving average while the Woodies CCI broke below the neutral level. Hence, the outlook for the coin is bearish with the next key support level being at $0.010. The bearish view will be invalidated when the coin manages to move above the descending trend line.

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Warren Buffet Defends Cash Over Cryptocurrencies https://sweetasabiscuit.com/warren-buffet-defends-cash-over-cryptocurrencies/ Mon, 09 May 2022 22:44:02 +0000 https://sweetasabiscuit.com/warren-buffet-defends-cash-over-cryptocurrencies/ Legendary capitalist and thus crypto’s biggest critic, Warren Buffett, defended silver over “new kinds of money” and the same Berkshire Hathaway would “always have plenty of cash on hand,” as CNBC reported. , CNN different | et al. | et al} printed live updates of him addressing the company’s annual meeting of shareholders today in […]]]>

Legendary capitalist and thus crypto’s biggest critic, Warren Buffett, defended silver over “new kinds of money” and the same Berkshire Hathaway would “always have plenty of cash on hand,” as CNBC reported. , CNN different | et al. | et al} printed live updates of him addressing the company’s annual meeting of shareholders today in Omaha, Nebraska. Buffett, 91, did not specify bitcoin or other cryptocurrencies, although in the past he has said it was not a distinctive value.

Investments are not just jokes

Warren Buffett wanted to simplify the size of his $248 billion stock portfolio, saying the investments are just “chatter” with the companies he takes stakes in.

The wealthy capitalist spent part of his free annual shareholder letter on Saturday, but an accounting distinction between his stock picks and outright takeovers creates a ‘glaring omission’ in Berkshire Hathaway Inc’s financial results The conglomerate’s equity investments can generate capital gains that are at least sufficient for Berkshire’s share of the preserved earnings of the individual companies, Buffett argued.

Overall, the retained earnings of our investees are guaranteed to be of major importance in the growth of Berkshire’s value, Buffett even in the letter. For its equity investments, only the dividends Berkshire receives are recorded in operating income. Retained earnings work heavy and add a lot of value, but not in a way that transfers those gains directly into Berkshire’s reported earnings.

Warren Buffet thinks money can only pay bills

The US government believes this has become redeemable for legal money in the United States,” Buffett said, posting a photo of a $20 bill.

That’s what money is, Buffet added. it will eventually become much less valuable for obtaining energy. However, once people tell you that they are looking for new kinds of money, that may be the only problem that can pay the bills.

Tron founder and CEO Justin Sun dined with Buffett in Omaha in 2020, paying $4.57 million for the privilege, with the funds going to the Glide Foundation charity in San Francisco.

Latest posts by Ahtesham Anis (see everything)

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Can lands still be rare in Metaverse? https://sweetasabiscuit.com/can-lands-still-be-rare-in-metaverse/ Sun, 08 May 2022 03:53:12 +0000 https://sweetasabiscuit.com/can-lands-still-be-rare-in-metaverse/ Metaverse is one of the biggest innovations exploding in the crypto industry right now, showing just how advanced technology we are getting. Thanks to blockchain technology that helped all of this come true. However, in the metaverse worlds, many enthusiasts wonder if the lands will ever become scarce. We can already see how expensive land […]]]>

Metaverse is one of the biggest innovations exploding in the crypto industry right now, showing just how advanced technology we are getting. Thanks to blockchain technology that helped all of this come true. However, in the metaverse worlds, many enthusiasts wonder if the lands will ever become scarce. We can already see how expensive land is sold in these virtual realms.

In the real world, many crypto and nft projects are skyrocketing due to their fear and unique nature. But in the metaverse, developers can introduce so many terrestrial NFTs, so why are people still optimistic?

What makes land valuable in the Metaverse?

Metaverses will face the difficulty of people proliferation. There are dozens of metaverse coins spinning right now, and as faith Tushar of Multicoin Capital recently said, they will all sell “land”.

However, the issues raised by Nir et al. the last few days are much more basic and should signal flaws within the model despite the competitive landscape. More than anything, the idea that geographic homes in a virtual world will rise in value the same way lands in the real world seem to miss some really basic distinctions.

In the simplest terms, actual land values ​​support location and utility. A bit of land in the real world is effective depending on how long it takes to get to the various places you want to go, which is why land in the capital of Japan and New York are some of the most valuable in the world. world: they’re on the edge of cool stuff. This geographic reality is inseparable from the real-world land mismatch since each piece of land has a completely separate geographic location from the other piece of land.

There is no intrinsic reason for a piece of virtual land to be more valuable based on its location, any greater than an online address is effective because it is “closer” of another. in a virtual world, you will simply transport your avatar to any place instantly. As another Twitter user observed, this implies that supporting metaverse land values ​​would require placing entirely artificial restrictions on users, which would worsen the experience and ultimately deter users who are the source. $64,000 worth of a metaverse.

Then there is the second value of land in the real world, its reasonable utility. in the real world, this can include things like whether or not it is soil or suitable water sources for agriculture or other natural resources. But then again, there’s no such thing as a “natural resource” in a metaverse, so creating a virtual earth trail of the $64,000 thing’s value structure would involve attaching some rights to it.

Financial pitfalls

We tend to describe the entire metaverse land investment plan as a kind of “financial skeuomorphism.” Skeuomorphism refers to the tendency to style digital goods in such a way as to mimic the physical world, and was a very hot topic in interface styling throughout the early development of the iPhone.

Over time, visual skeuomorphism in interface design has faded as people become more accustomed to the variations between digital and physical objects. an equivalent may very well be happening with the metaverses, with the fact that a group of people just invested $285 million, not in Yuga Labs stock, but in the monetary equivalent of an app icon in shadow.

And while Apple was poised to gradually move away from skeuomorphism, the metaverse fits their land valuations that may have gobbled up shark repellent that they can only squirt directly in their investors’ faces. To maintain land value, developers might have to impose artificial limitations that harm the user experience and possibly the particular value of the system.

Conversely, creating a metaverse that’s easier to maneuver or produce interval content would almost inherently hurt land values.

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ApeCoin: Does the coin have a use? https://sweetasabiscuit.com/apecoin-does-the-coin-have-a-use/ Sat, 07 May 2022 05:12:00 +0000 https://sweetasabiscuit.com/apecoin-does-the-coin-have-a-use/ Metaverse and non-fungible tokens (NFTs) are more than just buzzwords in the crypto industry. The NFT sector has seen massive growth in the previous year: in 2021 alone, the market was valued at $40 billion. This sector continued to grow this year with the launch of new NFT marketplaces. With this continued growth, we have […]]]>
Metaverse and non-fungible tokens (NFTs) are more than just buzzwords in the crypto industry. The NFT sector has seen massive growth in the previous year: in 2021 alone, the market was valued at $40 billion. This sector continued to grow this year with the launch of new NFT marketplaces. With this continued growth, we have also seen a new coin take the industry by storm – $APE.

Remember last year when Paris Hilton, Neymar Jr, Snoop Dogg and many other celebrities bought into the Bored Ape Yacht Club (BAYC), which is now one of the most popular NFTs by volume? Well, ApeCoin is the ERC-20 governance and utility token within the APE ecosystem. This means that every investor who bought (or will buy a BAYC NFT) would receive APE tokens for free. They can cash out or sell whenever they want.

Another point to note is that ApeCoin was officially created by ApeCoin DAO and not Yuga Labs, the team behind BAYC. Why is this detail important? Probably for regulatory purposes. Cryptocurrencies cannot give off stockish vibes. If they do, there is a high chance that the Securities and Exchange Commission (SEC) will go after the token and the company (just like they did with Ripple). We will come back to this point a little later.

Tokenomics and its use case

There are 1 billion APE coins in total and 15% of the token supply is allocated to NFT holders. Additionally, 47% of the total supply will be given to the DAO treasury, with the amount vesting over the next 48 months.

In addition, Yuga Labs will receive 15%, founding members of Yuga Labs will receive an additional 8%, and 14% will be allocated to early contributors to the APECOIN project. Of course, retail traders who didn’t get free APE because they didn’t hold any BAYC NFT can buy the coin on the exchange.

As APE holders ponder when to sell, we should keep in mind that it also serves as a governance token. This means that ApeCoin holders can not only vote on proposed protocol changes, but it will also determine the future of the token.

APE is now the in-game currency in Animoca Brands’ Benji Bananas. E11EVEN Residencies in Miami has decided to accept APE payments. Obviously, APE will be the in-game currency for many of the projects that Yuga Labs will lead. Beyond that, its use case also lies in its value as a governance token.

Beyond its usefulness, one cannot ignore its volatility either.

Just days after hitting a new all-time high, the token fell and hit a low of $16.71 on May 2, 2022.

This was due to the launch of one of the most anticipated NFT mints, during the launch of Otherdeed for Otherside by Yuga Labs. Otherside is the metaverse built by Bored Ape Yacht Club’s parent company. Yuga Labs had revealed that the NFT mint would cost 305 APE (~$5,250) a dish; Catalyzed by this news, the APE was up the previous week.

The Mint did not go as planned, mainly due to massive demand from Otherdeed, which in turn led to high gas fees for NFTs on Ethereum. This meant that users were paying thousands of dollars for an NFT below $6,000.

Another disappointing result is that there were many victims of failed transactions. They had paid gas charges, but they did not get their NFT. After this fiasco, Yuga Labs asked ApeCoin DAO to hold a vote on whether APE could migrate from Ethereum to its own blockchain.

The biggest lesson that can be learned is that the future of APE is intertwined with that of Yuga Labs, a company valued at nearly $4 billion. As APE is used as the main settlement on most Yuga Labs products and services, one can assume that the future of this token is quite optimistic given that Yuga Labs is currently a top notch company.

Do you remember the fact that cryptocurrencies cannot act like stocks? Well, as long as APE’s sourcing metrics and future are independent of Yuga Labs, that point of contention (or a close correlation between the two) shouldn’t be an issue. However, with the SEC case against Ripple, one cannot help but wonder how the final verdict of this case will help shape the landscape of most digital assets and their tokenomics.

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Why Bitcoin Futures and Spot Signals Don’t Match https://sweetasabiscuit.com/why-bitcoin-futures-and-spot-signals-dont-match/ Thu, 05 May 2022 17:01:20 +0000 https://sweetasabiscuit.com/why-bitcoin-futures-and-spot-signals-dont-match/ Bitcoin price rebounded as much as 5% after yesterday’s Federal Reserve meeting. However, the movement has almost fully retraced. What’s interesting about the situation is that traders on a particular platform could have seen this coming much more clearly, while others could have suffered a false exit. Here is a closer look at a comparison […]]]>

Bitcoin price rebounded as much as 5% after yesterday’s Federal Reserve meeting. However, the movement has almost fully retraced. What’s interesting about the situation is that traders on a particular platform could have seen this coming much more clearly, while others could have suffered a false exit.

Here is a closer look at a comparison between BTCUSD spot index price charts and BTC CME futures that sheds light on the odd discrepancy. We’ve also shed some light on how to potentially take advantage of these cases.

Why You Can Never Sleep In The Crypto Markets

The crypto market never sleeps. It trades day and night, 24/7. Even stock futures pause for short periods. But when it comes to CME Group’s BTC futures, it more closely tracks the trading hours of the stock market.

CME takes a break from Friday to Sunday evening. If the price of Bitcoin moves significantly during the period when the trading desk is offline, it will leave a gap on its chart that will steadily become a target that will be “filled” in the following days.

Related Reading | Bitcoin indicator hits historic low not seen since 2015

Since some spot market trading days are missing from the CME BTC futures chart, some technical indicators may produce minor deviations. More often than not, these minor deviations are the first signs of a false exit.

Need proof? In the chart below, we compared the BTCUSD spot price index, BTC CME futures, and SPX futures. The Bitcoin Spot Index produced a bullish LMACD cross yesterday, while the CME chart remained bearish. Interestingly, the CME chart more closely mimics the popular US stock index.

BTC CME futures performs more on par with the stock market | Source: BTCUSD on TradingView.com

How to Predict Potentially Fake Bitcoin Exits Using Spot Vs CME Comparison

The LMACD – the logarithmic version of the Moving Average Convergence Divergence indicator – is considered a lagging indicator. For this reason, bullish or bearish crossovers are generally considered reliable signals to enter or close a position.

It is unclear if the above gap occurred naturally due to missing trading days on the chart, or if something else was at play. The crossover seems to have been used as a trap to bulls, eliminating all last-minute longs. The daily momentum is currently bearish again, so there is a risk that the decline will continue until it recovers.

Related Reading | Time vs Price: Why This Bitcoin Correction Has Been the Most Painful Yet

Traders do not need to completely abandon the indicator, but rather can use these discrepancies between the performance of the two indicators to try to predict when false exits, running stops, or other nasty moves will occur.

The last time the LMACD produced a false signal on spot trades, but not on the CME BTC chart, was the exact November 2021 peak. Is there any chance that this latest false out was a sign that the bottom is there, or is it just suggesting more downside to come?

BTCUSD_2022-05-05_10-55-49

The missing bullish crossover called the top in November 2021 | Source: BTCUSD on TradingView.com

Bitcoin bulls need to push back the momentum in their favor on the daily timeframes and follow with enough strength to force longer timeframes to follow.

To follow @TonySpilotroBTC on Twitter or join TonyTradesBTC telegram for exclusive daily market insights and technical analysis training. Note: Content is educational and should not be considered investment advice.

Featured image from iStockPhoto, Charts from TradingView.com

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