I wanted to share my thoughts on why I think we've been seeing these recent huge gains and a possible way to capitalize on them. The Motivation
I too am trying to become a rich fellow autist, just like you. Usually, I'm late to the meme stock party and miss out on profits. So, I thought to myself "If I can think of the similarities between these companies, maybe I can beat the crowd and make some real wsb
front page worthy shit."hopefully as gains The Baseline Stock
As my first stock of analysis, of course, I took the latest meme stock $SPCE, Virgin Galactic. Founder Richard Branson is a multi-billionaire with the proper financial backings to make a company huge. But, I figured that is not enough drive for even the newest of new investors to buy calls/shares in the masses and the stock price to soar. With a quick background check, you could find that Branson tried sending tourists to space back in 2008. [ref]
He even said he had over 250 people prepaid for $200,000 each. If that happened today, the stock would have probably rocketed to another dimension.
Even better, the market $SPCE is entering isn't controlled by a single company, leaving room for huge growth and a market with gigantic potential. Fox already reported this hype that the space market is projected to reach upwards of $1 trillion. This was even before Virgin Galactic took off in December, albeit this market cap projection included weather, Wi-Fi, shipping and logistics, television and radio rely on satellite-based services. [ref]
This could be a factor. Past Trends Analysis
It seems, especially nowadays, hype
drives certain stocks through the roof. Even the slight thought of a company having a massive market cap leads to a huge response from investors. No news becomes good news for the company and good news creates huge share volumes. Most recently, $SPCE and $TSLA bulled their way to daily gains at unimaginable rates without much concrete news. Some meme stocks mentioned here do well ($AMD, $MSFT), those <10% daily gains have some premise, having solid financials to back it up. But, they do not demonstrate extreme leaps like $SPCE who hasn't even made a penny (since I'm Canadian, I should say a Nickel instead). To strengthen my original reasoning, I needed to think of other stocks that had this situation. Then, it all started to come together...
- $SPCE - Sub-orbital tourism/travel. +320% in 2 1/2 months
- $TSLA - The BEV vehicle with a bonus of technology and renewable energy market? Close enough of a guess, but who cares because it went +270% in 4 months
- $ACBRIP - Legal weed hype. Canada legalizing marijuana. +376% in just over 2 months
- $BYND - Vegetarian "meat" market. Blew up +255% in merely 2 1/2 months
- $NFLX - Online mass video streaming market. +114% in 6 months
- Though this is not a stock, Bitcoin investments when it was seemingly the first kind of major form of cryptocurrency was insane. +2,390% in 1 year. I'd call this an outlier but I don't know anything about the market so maybe another will happen.
This is a list of stocks I can think of, irrelevant of their revenue, that showed the best of best short term gains and all had that similarity. Ahead of the Party
If I want to get ahead of these parties I need to pick the $BYND or the $SPCE @ $8 before it runs up a 89.9° incline. Finding a company that has the potential to completely enter and control a market, without any actual revenue history. That's where this prediction comes in: $DEAC. The market:
Major sports betting on the US market is not yet available and this acquisition corporation plans to change that by merging with DraftKings. [ref]
Before this merger was made public, CNBC wrote a huge article on the sports betting, including a market projection of $150 billion (the estimated current illegal gambling market size). DraftKings and FanDuel own 83% of the legal gambling market in New Jersey. [ref]
This leads to a massive potential upside in having an IPO in the sports betting industry, projected to be $5 billion dollars. The opportunity:
$DEAC is an acquisition corporation meant exactly for this purpose. They plan to merge with DraftKings and change to a publicly-traded DraftKings. Not only is the market projected to be large, but this deal is also said to be priced in at a market cap of $3.3 billion. By the way, $DEAC is currently at an $840 million market cap. Now... I'm no mathematician, but those numbers are definitely far apart. The challenge:
While a supreme court ruling allowed any state their own legalization ability for sports betting, I believe NYC just turned down daily sports fantasy betting again. It most likely will be appealed but state legalization it is something to keep in mind. Currently, it shows 21 states have DFS regulations. [ref]
Tax incentives could be a push for the other states to follow and legalize DFS regulations. Conclusion/TLDR
There's one thing in common with these huge gaining stonks, They are breaking through to a market that's yet to be controlled
. I'm not a millionaire yet, nor I may never be, but the potential upside of a $DEAC investment seems like a great way to make people millionaires, cough cough
May the gains be with you all!
Hey, The parts for my mining rig just arrived! Yay! Its 2 R9 270's which I have estimated to give around 800-900kHs. submitted by
My first question is: With such a hashrate - would I better off mining on p2p or in a traditional pool? And if so.. What pool do you recommend? I know most people just say that over time it balances out, but seeing as mining a block is completely random - I don't see how this is the case? Surely Having the confidence that you're going to get blocks frequently in a big pool is good?
Also, I have a USB stick here - and I was going to use BAMT. Is this the best linux distro for mining? I've seen another one called SMOS that claims to be better but I don't have a clue. So should I just use BAMT?
Finally.. In a few months when I'm literally a millionaire from mining coins ;) - a) What is the best way to store my bitcoins securely? Should I mine into an offline paper wallet b) I see Dogecoin as quite a volatile currency - perhaps even more so than bitcoin.. Does it make more sense to store the bulk of your crypto currency as bitcoin or dogecoin? Obviously theres no correct answer to this as nobody knows whats going to happen but I'd like to hear what other people do!
Thanks for all your help - the whole community has been so helpful in helping me pick parts for my rig and I hope to have it built by tomorrow :)
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