Bitcoin Experiment in El Salvador — What’s Happened and What To Expect From Now On?
A massive liquidation that wiped out nearly 400,000 traders
September 7, 2021, is the day when for the first time in history a country made Bitcoin an official currency.
You must have seen the tweets of payments made in BTC at McDonald’s or Starbucks in El Salvador.
The price of Bitcoin gave us a heavy correction as it does from time to time. As I explained at the beginning of September 2021, this month is usually a bloody one for Bitcoin.
So how did we go from a Bitcoin Day to a Bloody Bitcoin Day?
Most Successful Investors and their Strategies a thread-
Like & RT to spread the knowledge
John “Jack” Bogle-
Bogle was very distrustful of fund managers, famously saying, “Fund investors are confident that they can easily select superior fund managers. They are wrong.”
Another famous John Bogle quote was, “Stay the course.” Essentially, instead of trying to beat the market, one should “own the market.”
His advice was to buy index funds consistently no matter where the market was at. Why? Index funds aren’t managed, thus investors don’t have to pay a management fee keeping their costs low.
Ketan Parekh started his career as a chartered accountant in the late 1980s. NH Securities, a stock brokerage firm, was started by his father. So the stock market was the family business for Ketan.
Despite having a family stock market business, he chooses to work under Harshad Mehta. But why?, to learn how to scam and manipulate the stock market in his way.
Retail investors follow every move closely and quickly believe in whatever stocks they invest in it. This is because investors thought that if they invest in stocks picked by Ketan that will give a high return.
I can’t be involved in 50 or 75 things. That’s a Noah’s Ark way of investing — you end up with a zoo that way. I like to put meaningful amounts of money in a few things. — Warren Buffett
Want to learn how Warren Buffet allocates capital in his ideas? Read the secret below... 🧵
Please like and RT to educate more investors.
John Kelly was a scientist in AT&T Bell Labs. At that time, Kelly heard about professional gamblers and became curious on how gamblers managed their capital in the face of uncertainty.
Warren Buffett wrote: “A horse that can count to 10 is a remarkable horse. Not a remarkable mathematician.”
In 2018, I bought an airline. It was not much in news because the media was focused on other things. And when I say I bought an airline, (1/17)
I mean I bought a few shares of Indigo airlines. So, maybe the media was right to not cover this story.
My research told me:
Indigo was a remarkable airline. Probably the best in India.
It was extremely focused on flying clean airplanes, (2/17)
having the lowest fares and flying on time.
Airlines is a brutal business. There are so many dead bodies in India and the world and so few survivors.
The planes are expensive. Aviation fuel is expensive. Pilots are expensive. (3/17)
What if we told you that you can become a moneylender of stocks?
If you had IRCTC shares you can lend them out and earn a hard cash interest of 10.25% annualized
+unlimited upside
+any dividends!
Read below! 🧵
Please RT and share with others.
Securities lending and borrowing mechanism is a facility open to all investors by the stock exchanges. If you have shares in your demat account you can lend them to someone through the exchange for an interest rate. Just like buying or selling a share.
Why would anyone borrow shares from your? Well arbitrageurs do this all the time.
Whenever spot price is cheaper than the future, they borrow shares and short sell them at the same time buying the future contract.