Short it to the ground!
Disclaimer: This is a trade that is set to last at least 6 months. Only for people invested in to consider selling, and those that do long term trades. Personally won't be shorting it. I lose my mind and start ripping my hair out if something takes more than 2 weeks.
End of the road for google. Their search engine is deteriorating. The markets globally are moving so irrationally. Dumb money for sure. Youtube is going crazy, discriminating people at random, killing videos, channels, they don't care about their creators because there is not much competition. Yet. But it is starting.
Not going to start a long explanation anyone can go check for themselves. Short version: Google products bad, bubble bad.
Remember what happened last year when the video game industry started abusing micro transactions and also getting "woke" and attacking their clients?
Right now it's even struggling to dead cat bounce, it actually looks like it's going to end up down 75% or more from ath.
Google 2008 linear chart:
Googl compared to video game companies:
What is the risk? The risk imo is the stock market, moving irrationally due to dumb money, has been going up for 6 months on trade war hopes, pulls a 1929 on us.
But even if that were to happen, doesn't mean google would go to 2000$. A stop loss at 1600$ would give much higher odds of winning, but not a great risk to reward. A stop loss at the previous high is a great risk to reward, but lower odds. So ye depends on every one strategy. I personally prefer RR 1 to 2. Lower than 1 you get really high winrates but it doesn't feel optimal and losers set you back alot doesn't matter in the long run but still, doesn't feel the best. And really high risk rewards are for idiots plain and simple.
For the next two decades whether it is wise to invest in googl or in their competitors (Yahoo/Verizon Vimeo/IAC etc) will depend on how googl adapts.
If they mess up and their leading position goes to their head and they refuse to adapt, then good night. Who cares about myspace or friendster now? What has their n°1 spot 20 years ago done for them? RIP.
It will also depend on their competitors. The whole company. Just 1 of their service growing is cute but the rest has to go along.
Also will depend on the charts, if supports are holding, if we see buying interest... Unless you're a pure value investor and don't care lol.
I still think it's interesting to look at the chart. What's the point of buying something of value cheap if no one is going to buy after you?
Maybe a whole new competitor emerges and tears google apart?
* Wait I'm seeing a pattern here. Every silenced/discriminated youtuber is a white man. Non profit channels to help handicapped children - that happen to be run by a white man - are getting hit (yes really... they got that dirty) handicapped children... are you serious... they literally could not be more evil... They're silencing channels about animals and stuff. Non political stuff, non edgy, non weird, non adult themed, just little children and animals.
Really? And what they all have in common is the youtuber has white skin and looks like a man. I didn't notice anything with the girls - except the non PC ones ofc - channels. And "trending" is full of black men and girls. OH MY this is it. This truly is what is going on. Wtf is wrong with these idiots? Discriminating a whole group because "we don't like it there is too many of them".
Isn't that how Hitler got started with the jews? Closing their stores with the SA in 1933?
End of the road for google. Their search engine is deteriorating. The markets globally are moving so irrationally. Dumb money for sure. Youtube is going crazy, discriminating people at random, killing videos, channels, they don't care about their creators because there is not much competition. Yet. But it is starting.
Not going to start a long explanation anyone can go check for themselves. Short version: Google products bad, bubble bad.
Remember what happened last year when the video game industry started abusing micro transactions and also getting "woke" and attacking their clients?
Right now it's even struggling to dead cat bounce, it actually looks like it's going to end up down 75% or more from ath.
Google 2008 linear chart:
Googl compared to video game companies:
What is the risk? The risk imo is the stock market, moving irrationally due to dumb money, has been going up for 6 months on trade war hopes, pulls a 1929 on us.
But even if that were to happen, doesn't mean google would go to 2000$. A stop loss at 1600$ would give much higher odds of winning, but not a great risk to reward. A stop loss at the previous high is a great risk to reward, but lower odds. So ye depends on every one strategy. I personally prefer RR 1 to 2. Lower than 1 you get really high winrates but it doesn't feel optimal and losers set you back alot doesn't matter in the long run but still, doesn't feel the best. And really high risk rewards are for idiots plain and simple.
For the next two decades whether it is wise to invest in googl or in their competitors (Yahoo/Verizon Vimeo/IAC etc) will depend on how googl adapts.
If they mess up and their leading position goes to their head and they refuse to adapt, then good night. Who cares about myspace or friendster now? What has their n°1 spot 20 years ago done for them? RIP.
It will also depend on their competitors. The whole company. Just 1 of their service growing is cute but the rest has to go along.
Also will depend on the charts, if supports are holding, if we see buying interest... Unless you're a pure value investor and don't care lol.
I still think it's interesting to look at the chart. What's the point of buying something of value cheap if no one is going to buy after you?
Maybe a whole new competitor emerges and tears google apart?
* Wait I'm seeing a pattern here. Every silenced/discriminated youtuber is a white man. Non profit channels to help handicapped children - that happen to be run by a white man - are getting hit (yes really... they got that dirty) handicapped children... are you serious... they literally could not be more evil... They're silencing channels about animals and stuff. Non political stuff, non edgy, non weird, non adult themed, just little children and animals.
Really? And what they all have in common is the youtuber has white skin and looks like a man. I didn't notice anything with the girls - except the non PC ones ofc - channels. And "trending" is full of black men and girls. OH MY this is it. This truly is what is going on. Wtf is wrong with these idiots? Discriminating a whole group because "we don't like it there is too many of them".
Isn't that how Hitler got started with the jews? Closing their stores with the SA in 1933?
Nota
Dtube and the whole steemit social media platform and cryptocurrency has potential but their business model is too weird at the moment.Youtube and even google are imploding.
There will be time for the competitors to improve, or googl to fix their mistakes.
I want to look in depth at steemit but I know it's pointless, their business model can't work. Maybe in 6 months I'll take a look...
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.