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10-08

If Kamala wins. I'm leaving earth

What's the Best "Magnificent Seven" Stock to Buy If Kamala Harris Wins in November?

2021-05-25

Haha I don’t think people still live in the real world. Please move on. Stocks market is the bubble

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2021-05-10

You sure or not

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Kamala wins. I'm leaving earth","listText":"If Kamala wins. I'm leaving earth","text":"If Kamala wins. I'm leaving earth","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/357913468919992","repostId":"2473446739","repostType":2,"repost":{"id":"2473446739","pubTimestamp":1728398814,"share":"https://ttm.financial/m/news/2473446739?lang=&edition=fundamental","pubTime":"2024-10-08 22:46","market":"us","language":"en","title":"What's the Best \"Magnificent Seven\" Stock to Buy If Kamala Harris Wins in November?","url":"https://stock-news.laohu8.com/highlight/detail?id=2473446739","media":"Motley Fool","summary":"All the \"Magnificent Seven\" stocks could be winners in a Harris administration.","content":"<html><head></head><body><ul style=\"\"><li><p>Several of Harris&#39; proposed policies could impact the Magnificent Seven.</p></li><li><p>It&#39;s difficult to determine which stock in the group might benefit the most from her proposals.</p></li><li><p>However, one Magnificent Seven stock could be the biggest winner if Harris&#39; policies lead to lower inflation and interest rates.</p></li></ul><p>The stock market has performed pretty well as the Biden-Harris administration draws to a close. Despite the steep decline in 2022, the <strong>S&amp;P 500</strong> has soared nearly 50%. Much of this performance was driven by huge gains for the so-called &#34;Magnificent Seven&#34; stocks.</p><p>Could this momentum continue in a Kamala Harris administration? And, if so, what&#39;s the best Magnificent Seven stock to buy if Harris wins in November?</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/1290cd3328579120fc0158c0c776f64d\" tg-width=\"700\" tg-height=\"466\"/></p><p>Kamala Harris. Official White House photo by Lawrence Jackson.</p><h2 id=\"id_2727723257\">Harris&#39; proposals that could affect the Magnificent Seven</h2><p>Harris has unveiled a wide range of economic proposals. Her campaign released an 82-page document outlining what she&#39;d like to do to create what she calls &#34;an opportunity economy.&#34; Not all of the proposals in this document affect the Magnificent Seven, but several could.</p><p>The vice president&#39;s plan to increase the corporate tax rate from 21% to 28% has received significant media attention. Although this is a large increase, it&#39;s still lower than the maximum corporate tax rate of 39% that was in place before former President Donald Trump&#39;s tax cuts went into effect in 2018.</p><p>Another Harris proposal is to quadruple the tax rate on corporate stock buybacks. The rationale behind this plan is &#34;to encourage businesses to invest in growth and productivity.&#34;</p><p>Harris also wants the federal government to invest in industries that are important to the country&#39;s economic and national security. Her plan specifically identifies the following types of businesses that would be eligible for tax credits:</p><ul style=\"\"><li><p>Aerospace companies</p></li><li><p>Artificial intelligence (AI) data centers</p></li><li><p>Automobile manufacturers</p></li><li><p>Biotechnology companies</p></li><li><p>Clean energy manufacturers</p></li><li><p>Semiconductor manufacturers</p></li><li><p>Steel and iron producers</p></li></ul><h2 id=\"id_3763262662\">Evaluating the impact of these proposals</h2><p>In theory, the members of the Magnificent Seven -- <strong>Alphabet</strong> (GOOG -2.47%) (GOOGL -2.44%), <strong>Amazon</strong> (AMZN -3.06%), <strong>Apple</strong> (AAPL -2.25%), <strong>Meta Platforms</strong> (META -1.87%), <strong>Microsoft</strong> (MSFT -1.57%), <strong>Nvidia</strong> (NVDA 2.24%), and <strong>Tesla</strong> (TSLA -3.70%) -- would be affected equally by Harris&#39; proposed corporate tax rate increase. However, in practice, this change could impact the big companies differently.</p><p>The following table shows the effective tax rates paid by the Magnificent Seven in their most recent fiscal years:</p><table style=\"border-collapse:collapse;\"><tbody><tr><th style=\"text-align:left;\"><p>Company</p></th><th style=\"text-align:left;\"><p>Effective Tax Rate</p></th></tr><tr><td style=\"text-align:left;\"><p>Alphabet</p></td><td style=\"text-align:left;\"><p>13.9%</p></td></tr><tr><td style=\"text-align:left;\"><p>Amazon</p></td><td style=\"text-align:left;\"><p>9.73%</p></td></tr><tr><td style=\"text-align:left;\"><p>Apple</p></td><td style=\"text-align:left;\"><p>14.7%</p></td></tr><tr><td style=\"text-align:left;\"><p>Meta Platforms</p></td><td style=\"text-align:left;\"><p>17.6%</p></td></tr><tr><td style=\"text-align:left;\"><p>Microsoft</p></td><td style=\"text-align:left;\"><p>18%</p></td></tr><tr><td style=\"text-align:left;\"><p>Nvidia</p></td><td style=\"text-align:left;\"><p>12%</p></td></tr><tr><td style=\"text-align:left;\"><p>Tesla</p></td><td style=\"text-align:left;\"><p>(50% Tax Benefit)</p></td></tr></tbody></table><p>Data sources: Company 10-K filings. *Tesla received more tax benefits than it paid in taxes in 2023.</p><p>As you can see, none of the Magnificent Seven companies paid the full 21% corporate tax rate. Microsoft and Meta had the highest effective tax rates of the group. However, all of the companies have been adept at using the tax code to their advantage.</p><p>What about stock buybacks? Most of the Magnificent Seven members have repurchased shares in significant amounts. Apple has by far spent the most money on stock buybacks -- $70.6 billion in the nine months ended July 1, 2023. Increased taxes on stock buybacks could cause Apple and others to change their capital deployment strategies. However, I don&#39;t expect this would significantly impact their stock performance or underlying businesses.</p><p>Each of these companies could benefit from the tax credits for AI data centers proposed by Harris. As the three largest cloud services providers, Amazon, Microsoft, and Alphabet might be the biggest winners on this front. However, Nvidia could also be helped quite a bit because its GPUs are used heavily in AI data centers. In addition, Nvidia and Tesla could potentially receive tax credits offered to semiconductor makers and automakers, respectively.</p><h2 id=\"id_2921650649\">The best Magnificent Seven stock to buy if Harris wins</h2><p>So what&#39;s the best Magnificent Seven stock to buy if Harris wins the presidential race? The honest answer is that there&#39;s insufficient information to know which stock might benefit the most from the aforementioned policies proposed by the vice president. Furthermore, it&#39;s uncertain if she would be able to implement all of her plans should she be elected. The U.S. Congress advances legislation; the president only signs the bills into law.</p><p>That said, many economists believe that Harris&#39; economic policies would help control inflation, while Trump&#39;s plans (especially his proposed tariffs) could cause inflation to rise. If these economists are right, interest rates would more likely be lower during a Harris administration than they would otherwise be.</p><p>While all the Magnificent Seven stocks should benefit from a lower-rate environment, I think the best pick of the group is Amazon. The company has a substantial debt load, which makes it a potentially bigger beneficiary of lower rates than the other Magnificent Seven members. Lower interest rates could also boost consumer and corporate spending, helping Amazon&#39;s e-commerce, advertising, and cloud services businesses.</p><p>Regardless of which person occupies the White House over the next four years, Amazon should benefit from the shift of IT spending to the cloud from on-premises. This migration will likely be accelerated by AI advances.</p><p>Surprisingly, Amazon stock has only climbed around 12% during Harris&#39; time as <a href=\"https://laohu8.com/S/VP..UK\">VP</a>. I suspect it could deliver much greater gains if she becomes president and interest rates decline further.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What's the Best \"Magnificent Seven\" Stock to Buy If Kamala Harris Wins in November?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat's the Best \"Magnificent Seven\" Stock to Buy If Kamala Harris Wins in November?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-08 22:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/10/08/best-magnificent-seven-stock-kamala-harris/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Several of Harris' proposed policies could impact the Magnificent Seven.It's difficult to determine which stock in the group might benefit the most from her proposals.However, one Magnificent Seven ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/10/08/best-magnificent-seven-stock-kamala-harris/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","META":"Meta Platforms, Inc.","BK4581":"高盛持仓","NVDA":"英伟达","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","AMZN":"亚马逊","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","IE0034235295.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"A\" (USD) ACC","LU0187121727.USD":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) INC","HK0000320264.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) ACC","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0068578508.USD":"First Eagle Amundi International Cl AU-C USD","BK4529":"IDC概念","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","BK4528":"SaaS概念","GOOG":"谷歌","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","GOOGL":"谷歌A","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","BK4592":"伊斯兰概念","GB00B4LPDJ14.GBP":"FUNDSMITH EQUITY \"R\" (GBP) ACC","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","MSFT":"微软","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","BK4585":"ETF&股票定投概念","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","BK4576":"AR","BK4587":"ChatGPT概念","BK4575":"芯片概念","BK4525":"远程办公概念","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","AAPL":"苹果","BK4524":"宅经济概念","BK4577":"网络游戏","BK4527":"明星科技股","BK4579":"人工智能","BK4588":"碎股","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","IE00BMPRXQ63.HKD":"NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND \"A\" (HKDHDG) ACC","TSLA":"特斯拉","BK4574":"无人驾驶","BK4573":"虚拟现实"},"source_url":"https://www.fool.com/investing/2024/10/08/best-magnificent-seven-stock-kamala-harris/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2473446739","content_text":"Several of Harris' proposed policies could impact the Magnificent Seven.It's difficult to determine which stock in the group might benefit the most from her proposals.However, one Magnificent Seven stock could be the biggest winner if Harris' policies lead to lower inflation and interest rates.The stock market has performed pretty well as the Biden-Harris administration draws to a close. Despite the steep decline in 2022, the S&P 500 has soared nearly 50%. Much of this performance was driven by huge gains for the so-called \"Magnificent Seven\" stocks.Could this momentum continue in a Kamala Harris administration? And, if so, what's the best Magnificent Seven stock to buy if Harris wins in November?Kamala Harris. Official White House photo by Lawrence Jackson.Harris' proposals that could affect the Magnificent SevenHarris has unveiled a wide range of economic proposals. Her campaign released an 82-page document outlining what she'd like to do to create what she calls \"an opportunity economy.\" Not all of the proposals in this document affect the Magnificent Seven, but several could.The vice president's plan to increase the corporate tax rate from 21% to 28% has received significant media attention. Although this is a large increase, it's still lower than the maximum corporate tax rate of 39% that was in place before former President Donald Trump's tax cuts went into effect in 2018.Another Harris proposal is to quadruple the tax rate on corporate stock buybacks. The rationale behind this plan is \"to encourage businesses to invest in growth and productivity.\"Harris also wants the federal government to invest in industries that are important to the country's economic and national security. Her plan specifically identifies the following types of businesses that would be eligible for tax credits:Aerospace companiesArtificial intelligence (AI) data centersAutomobile manufacturersBiotechnology companiesClean energy manufacturersSemiconductor manufacturersSteel and iron producersEvaluating the impact of these proposalsIn theory, the members of the Magnificent Seven -- Alphabet (GOOG -2.47%) (GOOGL -2.44%), Amazon (AMZN -3.06%), Apple (AAPL -2.25%), Meta Platforms (META -1.87%), Microsoft (MSFT -1.57%), Nvidia (NVDA 2.24%), and Tesla (TSLA -3.70%) -- would be affected equally by Harris' proposed corporate tax rate increase. However, in practice, this change could impact the big companies differently.The following table shows the effective tax rates paid by the Magnificent Seven in their most recent fiscal years:CompanyEffective Tax RateAlphabet13.9%Amazon9.73%Apple14.7%Meta Platforms17.6%Microsoft18%Nvidia12%Tesla(50% Tax Benefit)Data sources: Company 10-K filings. *Tesla received more tax benefits than it paid in taxes in 2023.As you can see, none of the Magnificent Seven companies paid the full 21% corporate tax rate. Microsoft and Meta had the highest effective tax rates of the group. However, all of the companies have been adept at using the tax code to their advantage.What about stock buybacks? Most of the Magnificent Seven members have repurchased shares in significant amounts. Apple has by far spent the most money on stock buybacks -- $70.6 billion in the nine months ended July 1, 2023. Increased taxes on stock buybacks could cause Apple and others to change their capital deployment strategies. However, I don't expect this would significantly impact their stock performance or underlying businesses.Each of these companies could benefit from the tax credits for AI data centers proposed by Harris. As the three largest cloud services providers, Amazon, Microsoft, and Alphabet might be the biggest winners on this front. However, Nvidia could also be helped quite a bit because its GPUs are used heavily in AI data centers. In addition, Nvidia and Tesla could potentially receive tax credits offered to semiconductor makers and automakers, respectively.The best Magnificent Seven stock to buy if Harris winsSo what's the best Magnificent Seven stock to buy if Harris wins the presidential race? The honest answer is that there's insufficient information to know which stock might benefit the most from the aforementioned policies proposed by the vice president. Furthermore, it's uncertain if she would be able to implement all of her plans should she be elected. The U.S. Congress advances legislation; the president only signs the bills into law.That said, many economists believe that Harris' economic policies would help control inflation, while Trump's plans (especially his proposed tariffs) could cause inflation to rise. If these economists are right, interest rates would more likely be lower during a Harris administration than they would otherwise be.While all the Magnificent Seven stocks should benefit from a lower-rate environment, I think the best pick of the group is Amazon. The company has a substantial debt load, which makes it a potentially bigger beneficiary of lower rates than the other Magnificent Seven members. Lower interest rates could also boost consumer and corporate spending, helping Amazon's e-commerce, advertising, and cloud services businesses.Regardless of which person occupies the White House over the next four years, Amazon should benefit from the shift of IT spending to the cloud from on-premises. This migration will likely be accelerated by AI advances.Surprisingly, Amazon stock has only climbed around 12% during Harris' time as VP. I suspect it could deliver much greater gains if she becomes president and interest rates decline further.","news_type":1},"isVote":1,"tweetType":1,"viewCount":41,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":138137053,"gmtCreate":1621916562772,"gmtModify":1704364397203,"author":{"id":"3573794416630780","authorId":"3573794416630780","name":"Richgod","avatar":"https://static.tigerbbs.com/deb0e7defd12a60f1c891c9d45177dad","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573794416630780","idStr":"3573794416630780"},"themes":[],"htmlText":"Haha I don’t think people still live in the real world. Please move on. Stocks market is the bubble","listText":"Haha I don’t think people still live in the real world. Please move on. Stocks market is the bubble","text":"Haha I don’t think people still live in the real world. Please move on. Stocks market is the bubble","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/138137053","repostId":"2137132568","repostType":4,"repost":{"id":"2137132568","pubTimestamp":1621915020,"share":"https://ttm.financial/m/news/2137132568?lang=&edition=fundamental","pubTime":"2021-05-25 11:57","market":"us","language":"en","title":"10 Reasons the Cryptocurrency Bubble Is Bursting","url":"https://stock-news.laohu8.com/highlight/detail?id=2137132568","media":"Motley Fool","summary":"This might be more than just a \"healthy pullback.\"","content":"<blockquote><b>This might be more than just a \"healthy pullback.\"</b></blockquote><p>For more than 100 years, the stock market has been <a href=\"https://laohu8.com/S/AONE\">one</a> of the greatest wealth creators in this country. Stocks might have taken a back seat to housing, oil, gold, or other assets for brief periods of time over the past century, but they've delivered the highest consistent returns of any investment vehicle.</p><p>That is until cryptocurrencies came along a little over a decade ago.</p><p>The emergence of <b>Bitcoin</b> (CRYPTO:BTC), <b>Ethereum</b> (CRYPTO:ETH), <b>Dogecoin</b> (CRYPTO:DOGE), and a host of other digital currencies have paved the way for once-in-a-lifetime gains. For instance, a $155 investment in Bitcoin at $1 would have been worth over $1 million when it hit $64,800 a token in mid-April.</p><p>But over the past two weeks, cryptocurrencies have fallen off a cliff. Some would call this a natural pullback after a monstrous run higher. I have a different name for it: a popping bubble.</p><p>While there is no shortage of enthusiasts who believe digital currencies are the greatest thing since sliced bread, I believe the crypto market is imploding for 10 very good reasons.</p><p><img src=\"https://static.tigerbbs.com/08bd510be5ae746f0867c5de1184417a\" tg-width=\"700\" tg-height=\"464\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>1. There's very minimal real-world utility</p><p>One of the biggest drawbacks of digital currency is that it's virtually useless outside a cryptocurrency exchange. Although we've seen a small number of high-profile companies or organizations accept Bitcoin or Dogecoin, the reality is that the total number of businesses accepting either is microscopic. Approximately 1,300 businesses globally have chosen to accept Dogecoin after eight years, while Fundera found that 15,174 businesses accept Bitcoin, as of December 2020. For some context here, there are an estimated 582 million entrepreneurs worldwide.</p><p>2. Valuations, relative to transaction data, made no sense</p><p>Even though valuation is somewhat subjective, <a href=\"https://laohu8.com/S/AONE.U\">one</a> glance at transaction data for the three most popular cryptocurrencies, relative to payment processing juggernauts such as <b><a href=\"https://laohu8.com/S/V\">Visa</a></b> (NYSE:V) and <b>Mastercard</b> (NYSE:MA), would leave anyone's jaw on the floor.</p><p>The latest Nilson report found that 1.01 billion credit transactions were processed daily in 2018, 700 million of which were handled by Visa and Mastercard. By comparison, Bitcoin, Ethereum, and Dogecoin are processing in the neighborhood of 300,000, 1.4 million, and 50,000 respective transactions on their blockchains each day. All the major cryptos combined can't hold a candle to the processing potential of Visa or Mastercard, yet the Big Three of crypto have a higher combined market value than Visa and Mastercard. That makes no sense.</p><p><img src=\"https://static.tigerbbs.com/ce89a01a16c15dafb27017a6a42cedc3\" tg-width=\"700\" tg-height=\"496\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>3. Businesses have been slow to adopt blockchain</p><p>On paper, blockchain sounds great. On the financial side of the equation, it's a way to expedite the validation and settlement of payments. Rather than waiting up to a week for cross-border payments to settle, they could be resolved in mere seconds or minutes. Blockchain also has nonfinancial applications. Ethereum's smart contract-driven blockchain might be the key to one day unlocking supply chain bottlenecks.</p><p>However, what sounds great on paper doesn't always translate into real-world success. Blockchain continues to suffer from a Catch-22. Businesses won't adopt it till the technology is proven on a broad scale, but no businesses will abandon their existing (and proven) infrastructure to effectively be the guinea pig. Until blockchain matures, big business will keep its distance.</p><p>4. There's virtually no barrier to entry</p><p>Aside from minimal utility, my biggest personal gripe with crypto is there's no barrier to entry. Anyone with the time to code can develop a blockchain and, potentially, a tethered token. According to CoinMarketCap, there are almost 10,000 different cryptocurrencies in its system. While many aren't trading much, if at all, that's an insane number of potential competitors to Bitcoin, Dogecoin, and Ethereum, with the likelihood of many more to come.</p><p>In short, the crypto space is constantly being diluted by an unlimited amount of competition.</p><p><img src=\"https://static.tigerbbs.com/614d7f34734e33d740f7f9c02ed3f8fd\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>5. Centralization remains a problem</p><p>One of the many goals of cryptocurrencies is decentralization. This is to ensure that no one person or small group of people controls a network. Yet according to data from BitInfoCharts.com, ownership in Bitcoin and Dogecoin is fairly centralized. Just 2,155 addresses own almost 42% of all Bitcoin, while 66.6% of all outstanding Dogecoin is owned by only 99 addresses. It's possible folks are waking up to the fact that these financial experiments aren't as decentralized as they were intended to be.</p><p>6. Elon Musk is tugging at heartstrings</p><p>Another reason the crypto bubble is bursting is that it's been artificially driven by tweets from <b>Tesla</b>&nbsp;CEO Elon Musk.</p><p>At first, Musk was all aboard the Bitcoin train. He purchased $1.5 billion Bitcoin for Tesla's balance sheet in February and announced that the company would begin accepting Bitcoin for electric vehicle purchases a month later. Then, after 49 days, he tweeted that Tesla would no longer accept Bitcoin because of the adverse environmental impacts of mining it. He's since turned his attention to Dogecoin.</p><p>The fact that tweets with little or no substance are creating and erasing hundreds of billions of dollars in crypto market value would seem to indicate that a bubble has been brewing for some time.</p><p><img src=\"https://static.tigerbbs.com/4c7f03bc8a60bee0f293f0582f185505\" tg-width=\"700\" tg-height=\"474\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>7. Not all governments are OK with crypto</p><p>The crypto bubble is also popping because some governments aren't OK with allowing cryptocurrencies to undermine their own central bank-backed currencies. Last week, China sent the crypto market into a tailspin after prohibiting banks and online payment channels in the country from offering any services related to the cryptocurrency industry. It should be noted that a lot of Bitcoin mining occurs in China.</p><p>And China's far from alone. Turkey recently enacted a ban on crypto payments. Meanwhile, countries including Bolivia, Ecuador, Nigeria, and Algeria have effectively banned digital currencies. This trend makes the global use case for crypto unlikely.</p><p>8. There are no identifiable real-world correlations</p><p>Yet another issue with crypto is there are no readily identifiable real-world correlations.</p><p>For example, we know that gold and the U.S. dollar have an inverse relationship to one another. When the dollar is declining in value, gold is very likely rising in value. This is a correlation that's been established over a long period of time.</p><p>Bitcoin, Ethereum, and Dogecoin don't have these correlations. Enthusiasts like to point out how crypto is a hedge against inflation, but they forget that Bitcoin has both risen and fallen when the money supply expanded rapidly or slowly. Crypto is driven by emotion and technical analysis, primarily because it has no real-world correlations.</p><p><img src=\"https://static.tigerbbs.com/b04ade705354c4825038c4dfcd0187d9\" tg-width=\"700\" tg-height=\"500\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>9. Leverage is haunting the crypto market</p><p>The cryptocurrency implosion can also be blamed on investors who are over-levered. Some of the most popular crypto exchanges will allow customers to use 50 to 125 times leverage on their actual account equity. While this isn't an uncommon amount of leverage in forex, where currencies move in fractions of a cent, it's absolutely ludicrous for crypto, which can move 3% in the blink of an eye.</p><p>According to data from Bybt.com, via Bloomberg, over 887,000 accounts totaling $9.4 billion in aggregate crypto assets were liquidated as a result of leverage-based margin calls on May 19. Because of this insane leverage, it doesn't take much for things to go south quickly for the crypto market.</p><p>10. Investors always overhype new tech</p><p>Finally, investors frequently overestimate the adoption of new technology. Though there is no shortage of people hyped up about blockchain, it's been more than a half-decade and the blockchain buzz hasn't materialized into meaningful enterprise usage. It takes all next-big-thing technology time to mature, and crypto will be no different.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>10 Reasons the Cryptocurrency Bubble Is Bursting</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n10 Reasons the Cryptocurrency Bubble Is Bursting\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-25 11:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/24/10-reasons-the-cryptocurrency-bubble-is-bursting/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>This might be more than just a \"healthy pullback.\"For more than 100 years, the stock market has been one of the greatest wealth creators in this country. Stocks might have taken a back seat to housing...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/24/10-reasons-the-cryptocurrency-bubble-is-bursting/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","GBTC":"Grayscale Bitcoin Trust","V":"Visa"},"source_url":"https://www.fool.com/investing/2021/05/24/10-reasons-the-cryptocurrency-bubble-is-bursting/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2137132568","content_text":"This might be more than just a \"healthy pullback.\"For more than 100 years, the stock market has been one of the greatest wealth creators in this country. Stocks might have taken a back seat to housing, oil, gold, or other assets for brief periods of time over the past century, but they've delivered the highest consistent returns of any investment vehicle.That is until cryptocurrencies came along a little over a decade ago.The emergence of Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), Dogecoin (CRYPTO:DOGE), and a host of other digital currencies have paved the way for once-in-a-lifetime gains. For instance, a $155 investment in Bitcoin at $1 would have been worth over $1 million when it hit $64,800 a token in mid-April.But over the past two weeks, cryptocurrencies have fallen off a cliff. Some would call this a natural pullback after a monstrous run higher. I have a different name for it: a popping bubble.While there is no shortage of enthusiasts who believe digital currencies are the greatest thing since sliced bread, I believe the crypto market is imploding for 10 very good reasons.Image source: Getty Images.1. There's very minimal real-world utilityOne of the biggest drawbacks of digital currency is that it's virtually useless outside a cryptocurrency exchange. Although we've seen a small number of high-profile companies or organizations accept Bitcoin or Dogecoin, the reality is that the total number of businesses accepting either is microscopic. Approximately 1,300 businesses globally have chosen to accept Dogecoin after eight years, while Fundera found that 15,174 businesses accept Bitcoin, as of December 2020. For some context here, there are an estimated 582 million entrepreneurs worldwide.2. Valuations, relative to transaction data, made no senseEven though valuation is somewhat subjective, one glance at transaction data for the three most popular cryptocurrencies, relative to payment processing juggernauts such as Visa (NYSE:V) and Mastercard (NYSE:MA), would leave anyone's jaw on the floor.The latest Nilson report found that 1.01 billion credit transactions were processed daily in 2018, 700 million of which were handled by Visa and Mastercard. By comparison, Bitcoin, Ethereum, and Dogecoin are processing in the neighborhood of 300,000, 1.4 million, and 50,000 respective transactions on their blockchains each day. All the major cryptos combined can't hold a candle to the processing potential of Visa or Mastercard, yet the Big Three of crypto have a higher combined market value than Visa and Mastercard. That makes no sense.Image source: Getty Images.3. Businesses have been slow to adopt blockchainOn paper, blockchain sounds great. On the financial side of the equation, it's a way to expedite the validation and settlement of payments. Rather than waiting up to a week for cross-border payments to settle, they could be resolved in mere seconds or minutes. Blockchain also has nonfinancial applications. Ethereum's smart contract-driven blockchain might be the key to one day unlocking supply chain bottlenecks.However, what sounds great on paper doesn't always translate into real-world success. Blockchain continues to suffer from a Catch-22. Businesses won't adopt it till the technology is proven on a broad scale, but no businesses will abandon their existing (and proven) infrastructure to effectively be the guinea pig. Until blockchain matures, big business will keep its distance.4. There's virtually no barrier to entryAside from minimal utility, my biggest personal gripe with crypto is there's no barrier to entry. Anyone with the time to code can develop a blockchain and, potentially, a tethered token. According to CoinMarketCap, there are almost 10,000 different cryptocurrencies in its system. While many aren't trading much, if at all, that's an insane number of potential competitors to Bitcoin, Dogecoin, and Ethereum, with the likelihood of many more to come.In short, the crypto space is constantly being diluted by an unlimited amount of competition.Image source: Getty Images.5. Centralization remains a problemOne of the many goals of cryptocurrencies is decentralization. This is to ensure that no one person or small group of people controls a network. Yet according to data from BitInfoCharts.com, ownership in Bitcoin and Dogecoin is fairly centralized. Just 2,155 addresses own almost 42% of all Bitcoin, while 66.6% of all outstanding Dogecoin is owned by only 99 addresses. It's possible folks are waking up to the fact that these financial experiments aren't as decentralized as they were intended to be.6. Elon Musk is tugging at heartstringsAnother reason the crypto bubble is bursting is that it's been artificially driven by tweets from Tesla CEO Elon Musk.At first, Musk was all aboard the Bitcoin train. He purchased $1.5 billion Bitcoin for Tesla's balance sheet in February and announced that the company would begin accepting Bitcoin for electric vehicle purchases a month later. Then, after 49 days, he tweeted that Tesla would no longer accept Bitcoin because of the adverse environmental impacts of mining it. He's since turned his attention to Dogecoin.The fact that tweets with little or no substance are creating and erasing hundreds of billions of dollars in crypto market value would seem to indicate that a bubble has been brewing for some time.Image source: Getty Images.7. Not all governments are OK with cryptoThe crypto bubble is also popping because some governments aren't OK with allowing cryptocurrencies to undermine their own central bank-backed currencies. Last week, China sent the crypto market into a tailspin after prohibiting banks and online payment channels in the country from offering any services related to the cryptocurrency industry. It should be noted that a lot of Bitcoin mining occurs in China.And China's far from alone. Turkey recently enacted a ban on crypto payments. Meanwhile, countries including Bolivia, Ecuador, Nigeria, and Algeria have effectively banned digital currencies. This trend makes the global use case for crypto unlikely.8. There are no identifiable real-world correlationsYet another issue with crypto is there are no readily identifiable real-world correlations.For example, we know that gold and the U.S. dollar have an inverse relationship to one another. When the dollar is declining in value, gold is very likely rising in value. This is a correlation that's been established over a long period of time.Bitcoin, Ethereum, and Dogecoin don't have these correlations. Enthusiasts like to point out how crypto is a hedge against inflation, but they forget that Bitcoin has both risen and fallen when the money supply expanded rapidly or slowly. Crypto is driven by emotion and technical analysis, primarily because it has no real-world correlations.Image source: Getty Images.9. Leverage is haunting the crypto marketThe cryptocurrency implosion can also be blamed on investors who are over-levered. Some of the most popular crypto exchanges will allow customers to use 50 to 125 times leverage on their actual account equity. While this isn't an uncommon amount of leverage in forex, where currencies move in fractions of a cent, it's absolutely ludicrous for crypto, which can move 3% in the blink of an eye.According to data from Bybt.com, via Bloomberg, over 887,000 accounts totaling $9.4 billion in aggregate crypto assets were liquidated as a result of leverage-based margin calls on May 19. Because of this insane leverage, it doesn't take much for things to go south quickly for the crypto market.10. Investors always overhype new techFinally, investors frequently overestimate the adoption of new technology. Though there is no shortage of people hyped up about blockchain, it's been more than a half-decade and the blockchain buzz hasn't materialized into meaningful enterprise usage. It takes all next-big-thing technology time to mature, and crypto will be no different.","news_type":1},"isVote":1,"tweetType":1,"viewCount":19,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190485222,"gmtCreate":1620644532566,"gmtModify":1704346013147,"author":{"id":"3573794416630780","authorId":"3573794416630780","name":"Richgod","avatar":"https://static.tigerbbs.com/deb0e7defd12a60f1c891c9d45177dad","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573794416630780","idStr":"3573794416630780"},"themes":[],"htmlText":"You sure or not","listText":"You sure or not","text":"You sure or not","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/190485222","repostId":"1169918038","repostType":4,"repost":{"id":"1169918038","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1620644418,"share":"https://ttm.financial/m/news/1169918038?lang=&edition=fundamental","pubTime":"2021-05-10 19:00","market":"us","language":"en","title":"Why Is Dogecoin Refusing To Budge As Elon Musk Gives One Push After Another?","url":"https://stock-news.laohu8.com/highlight/detail?id=1169918038","media":"Benzinga","summary":"Dogecoin(DOGE) has the high-profile support ofTesla Inc(NASDAQ:TSLA) CEO Elon Musk, who mentioned th","content":"<p><b>Dogecoin</b>(DOGE) has the high-profile support of<b>Tesla Inc</b>(NASDAQ:TSLA) CEO Elon Musk, who mentioned the meme cryptocurrency several times during his “Saturday Night Live” appearance, but the result in terms of price has not been as spectacular as some expected.</p><p><b>What Happened:</b>The Shiba Inu-themed cryptocurrency has plummeted to as low as&nbsp;$0.4257 since&nbsp;the&nbsp;airing of the SNL episode.</p><p>Last week, the buzz around the variety show&nbsp;took the joke cryptocurrency to new heights as it touched $0.73 on May 8.</p><p>At press time, DOGE traded 25.48% lower from that all-time high at $0.56.</p><p>The cryptocurrency is yet to get anywhere near the $1 mark, which is the stated pump target of many investors on social media,&nbsp;despite Musk’s frequent pushes.</p><p><b>Ethereum Classic</b>(ETC), another currency that has shot up in parallel with the latest DOGE rally, is up 163.61% in terms of weekly gains.</p><p>At press time, ETC traded 7.01% lower at $118.35. The apex cryptocurrency,<b>Bitcoin</b>(BTC) was down 0.6% at $58,727.88.</p><p>A noted proponent of ETC and BTC, Barry Silbert, CEO Of Digital Currency Group, challenged the DOGE community to convert their DOGE to BTC disclosing he is betting against the meme coin.</p><p><img src=\"https://static.tigerbbs.com/5406c061672fa1f54856fd0e5846cfca\" tg-width=\"586\" tg-height=\"340\" referrerpolicy=\"no-referrer\">Silbert made his challenge to the “Doge Army” even more “interesting” by saying he would donate $1 million to a charitable cause selected by the Dogecoin community should DOGE hit $1 by May 31.</p><p><img src=\"https://static.tigerbbs.com/d0c9a47c2e7fae88c78d679a101cb3d9\" tg-width=\"583\" tg-height=\"338\" referrerpolicy=\"no-referrer\"><b>Why It Matters:</b>The lack of momentum towards $1 in DOGE is certainly not due to the lack of a push by Musk.</p><p>Musk mentioned DOGE as a potential mother’s day gift standing alongside his mother Maye Musk on SNL, she was left unimpressed.</p><p>Musk also participated in anextensive skit on DOGEwith SNL’s Michael Che. Dressed up as a financial expert he was at pains to explain “what is Dogecoin?”</p><p>On Sunday, a Canadian company said it was sending a “DOGE-1 Mission to the Moon” in the shape of a lunar satellite onboard a SpaceX Falcon 9 rocket. Musk, who also heads SpaceX, took note of the development on Twitter.</p><p><img src=\"https://static.tigerbbs.com/11e37da467f8a9902f91318fa4ada79a\" tg-width=\"593\" tg-height=\"476\"></p><p>Musk said that the mission was paid for in Doge and claimed that this would make the cryptocurrency in space and the first meme in space. He included a song about taking Dogecoin to the moon for good measure in the tweet.</p><p>As for Dogecoin’s social media fans, their reactions were mixed on DOGE’s price movement, while some thanked Musk for his efforts, the others blamed community members for not holding on to their investments.</p><p><img src=\"https://static.tigerbbs.com/223d971d5134487c61c75bef89a54598\" tg-width=\"662\" tg-height=\"533\"><img src=\"https://static.tigerbbs.com/10797dcf3db9e4b63cddaf1ab189730f\" tg-width=\"661\" tg-height=\"546\"></p><p><b>Benzinga’s Take:</b>With Dogecoin seeing a dizzying rally amid speculations over the appearance of the meme crypto in Musk's SNL episode, there were concerns expressed ahead of Saturday thatthere could be massive profit-booking;so, the market correction isn't exactly surprising.</p><p>Not to mention that there have beenseveral instances previouslywhere Muskian mentions have failed to budge the price of Dogecoin — for better or worse.</p><p>Reddit user u/Happyis2cool on r/Dogecoin community shared their thoughts that the Dogecoin community needs to \"stop building hype around certain days like 4/20 or Elon Musk hoting SNL. The whales are watching and are purposefully causing dumps on days we build hype around.\"</p><p>Whether or not DOGE touches $1 is anyone’s guess at the moment, but as Musk said before his SNL appearance“please invest with caution.”That said, there is no lack of excitement surrounding DOGE and it would be interesting to see whether the Doge Army or Silbert will be proved right at the end of the month.</p><p>Dallas Mavericks owner Mark Cuban, for one,remains bullishon Dogecoin reaching the $1 mark.</p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Is Dogecoin Refusing To Budge As Elon Musk Gives One Push After Another?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Is Dogecoin Refusing To Budge As Elon Musk Gives One Push After Another?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-05-10 19:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>Dogecoin</b>(DOGE) has the high-profile support of<b>Tesla Inc</b>(NASDAQ:TSLA) CEO Elon Musk, who mentioned the meme cryptocurrency several times during his “Saturday Night Live” appearance, but the result in terms of price has not been as spectacular as some expected.</p><p><b>What Happened:</b>The Shiba Inu-themed cryptocurrency has plummeted to as low as&nbsp;$0.4257 since&nbsp;the&nbsp;airing of the SNL episode.</p><p>Last week, the buzz around the variety show&nbsp;took the joke cryptocurrency to new heights as it touched $0.73 on May 8.</p><p>At press time, DOGE traded 25.48% lower from that all-time high at $0.56.</p><p>The cryptocurrency is yet to get anywhere near the $1 mark, which is the stated pump target of many investors on social media,&nbsp;despite Musk’s frequent pushes.</p><p><b>Ethereum Classic</b>(ETC), another currency that has shot up in parallel with the latest DOGE rally, is up 163.61% in terms of weekly gains.</p><p>At press time, ETC traded 7.01% lower at $118.35. The apex cryptocurrency,<b>Bitcoin</b>(BTC) was down 0.6% at $58,727.88.</p><p>A noted proponent of ETC and BTC, Barry Silbert, CEO Of Digital Currency Group, challenged the DOGE community to convert their DOGE to BTC disclosing he is betting against the meme coin.</p><p><img src=\"https://static.tigerbbs.com/5406c061672fa1f54856fd0e5846cfca\" tg-width=\"586\" tg-height=\"340\" referrerpolicy=\"no-referrer\">Silbert made his challenge to the “Doge Army” even more “interesting” by saying he would donate $1 million to a charitable cause selected by the Dogecoin community should DOGE hit $1 by May 31.</p><p><img src=\"https://static.tigerbbs.com/d0c9a47c2e7fae88c78d679a101cb3d9\" tg-width=\"583\" tg-height=\"338\" referrerpolicy=\"no-referrer\"><b>Why It Matters:</b>The lack of momentum towards $1 in DOGE is certainly not due to the lack of a push by Musk.</p><p>Musk mentioned DOGE as a potential mother’s day gift standing alongside his mother Maye Musk on SNL, she was left unimpressed.</p><p>Musk also participated in anextensive skit on DOGEwith SNL’s Michael Che. Dressed up as a financial expert he was at pains to explain “what is Dogecoin?”</p><p>On Sunday, a Canadian company said it was sending a “DOGE-1 Mission to the Moon” in the shape of a lunar satellite onboard a SpaceX Falcon 9 rocket. Musk, who also heads SpaceX, took note of the development on Twitter.</p><p><img src=\"https://static.tigerbbs.com/11e37da467f8a9902f91318fa4ada79a\" tg-width=\"593\" tg-height=\"476\"></p><p>Musk said that the mission was paid for in Doge and claimed that this would make the cryptocurrency in space and the first meme in space. He included a song about taking Dogecoin to the moon for good measure in the tweet.</p><p>As for Dogecoin’s social media fans, their reactions were mixed on DOGE’s price movement, while some thanked Musk for his efforts, the others blamed community members for not holding on to their investments.</p><p><img src=\"https://static.tigerbbs.com/223d971d5134487c61c75bef89a54598\" tg-width=\"662\" tg-height=\"533\"><img src=\"https://static.tigerbbs.com/10797dcf3db9e4b63cddaf1ab189730f\" tg-width=\"661\" tg-height=\"546\"></p><p><b>Benzinga’s Take:</b>With Dogecoin seeing a dizzying rally amid speculations over the appearance of the meme crypto in Musk's SNL episode, there were concerns expressed ahead of Saturday thatthere could be massive profit-booking;so, the market correction isn't exactly surprising.</p><p>Not to mention that there have beenseveral instances previouslywhere Muskian mentions have failed to budge the price of Dogecoin — for better or worse.</p><p>Reddit user u/Happyis2cool on r/Dogecoin community shared their thoughts that the Dogecoin community needs to \"stop building hype around certain days like 4/20 or Elon Musk hoting SNL. The whales are watching and are purposefully causing dumps on days we build hype around.\"</p><p>Whether or not DOGE touches $1 is anyone’s guess at the moment, but as Musk said before his SNL appearance“please invest with caution.”That said, there is no lack of excitement surrounding DOGE and it would be interesting to see whether the Doge Army or Silbert will be proved right at the end of the month.</p><p>Dallas Mavericks owner Mark Cuban, for one,remains bullishon Dogecoin reaching the $1 mark.</p><p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169918038","content_text":"Dogecoin(DOGE) has the high-profile support ofTesla Inc(NASDAQ:TSLA) CEO Elon Musk, who mentioned the meme cryptocurrency several times during his “Saturday Night Live” appearance, but the result in terms of price has not been as spectacular as some expected.What Happened:The Shiba Inu-themed cryptocurrency has plummeted to as low as $0.4257 since the airing of the SNL episode.Last week, the buzz around the variety show took the joke cryptocurrency to new heights as it touched $0.73 on May 8.At press time, DOGE traded 25.48% lower from that all-time high at $0.56.The cryptocurrency is yet to get anywhere near the $1 mark, which is the stated pump target of many investors on social media, despite Musk’s frequent pushes.Ethereum Classic(ETC), another currency that has shot up in parallel with the latest DOGE rally, is up 163.61% in terms of weekly gains.At press time, ETC traded 7.01% lower at $118.35. The apex cryptocurrency,Bitcoin(BTC) was down 0.6% at $58,727.88.A noted proponent of ETC and BTC, Barry Silbert, CEO Of Digital Currency Group, challenged the DOGE community to convert their DOGE to BTC disclosing he is betting against the meme coin.Silbert made his challenge to the “Doge Army” even more “interesting” by saying he would donate $1 million to a charitable cause selected by the Dogecoin community should DOGE hit $1 by May 31.Why It Matters:The lack of momentum towards $1 in DOGE is certainly not due to the lack of a push by Musk.Musk mentioned DOGE as a potential mother’s day gift standing alongside his mother Maye Musk on SNL, she was left unimpressed.Musk also participated in anextensive skit on DOGEwith SNL’s Michael Che. Dressed up as a financial expert he was at pains to explain “what is Dogecoin?”On Sunday, a Canadian company said it was sending a “DOGE-1 Mission to the Moon” in the shape of a lunar satellite onboard a SpaceX Falcon 9 rocket. Musk, who also heads SpaceX, took note of the development on Twitter.Musk said that the mission was paid for in Doge and claimed that this would make the cryptocurrency in space and the first meme in space. He included a song about taking Dogecoin to the moon for good measure in the tweet.As for Dogecoin’s social media fans, their reactions were mixed on DOGE’s price movement, while some thanked Musk for his efforts, the others blamed community members for not holding on to their investments.Benzinga’s Take:With Dogecoin seeing a dizzying rally amid speculations over the appearance of the meme crypto in Musk's SNL episode, there were concerns expressed ahead of Saturday thatthere could be massive profit-booking;so, the market correction isn't exactly surprising.Not to mention that there have beenseveral instances previouslywhere Muskian mentions have failed to budge the price of Dogecoin — for better or worse.Reddit user u/Happyis2cool on r/Dogecoin community shared their thoughts that the Dogecoin community needs to \"stop building hype around certain days like 4/20 or Elon Musk hoting SNL. The whales are watching and are purposefully causing dumps on days we build hype around.\"Whether or not DOGE touches $1 is anyone’s guess at the moment, but as Musk said before his SNL appearance“please invest with caution.”That said, there is no lack of excitement surrounding DOGE and it would be interesting to see whether the Doge Army or Silbert will be proved right at the end of the month.Dallas Mavericks owner Mark Cuban, for one,remains bullishon Dogecoin reaching the $1 mark.","news_type":1},"isVote":1,"tweetType":1,"viewCount":123,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":357913468919992,"gmtCreate":1728401622005,"gmtModify":1728401698847,"author":{"id":"3573794416630780","authorId":"3573794416630780","name":"Richgod","avatar":"https://static.tigerbbs.com/deb0e7defd12a60f1c891c9d45177dad","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573794416630780","authorIdStr":"3573794416630780"},"themes":[],"htmlText":"If Kamala wins. I'm leaving earth","listText":"If Kamala wins. I'm leaving earth","text":"If Kamala wins. I'm leaving earth","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/357913468919992","repostId":"2473446739","repostType":2,"repost":{"id":"2473446739","pubTimestamp":1728398814,"share":"https://ttm.financial/m/news/2473446739?lang=&edition=fundamental","pubTime":"2024-10-08 22:46","market":"us","language":"en","title":"What's the Best \"Magnificent Seven\" Stock to Buy If Kamala Harris Wins in November?","url":"https://stock-news.laohu8.com/highlight/detail?id=2473446739","media":"Motley Fool","summary":"All the \"Magnificent Seven\" stocks could be winners in a Harris administration.","content":"<html><head></head><body><ul style=\"\"><li><p>Several of Harris&#39; proposed policies could impact the Magnificent Seven.</p></li><li><p>It&#39;s difficult to determine which stock in the group might benefit the most from her proposals.</p></li><li><p>However, one Magnificent Seven stock could be the biggest winner if Harris&#39; policies lead to lower inflation and interest rates.</p></li></ul><p>The stock market has performed pretty well as the Biden-Harris administration draws to a close. Despite the steep decline in 2022, the <strong>S&amp;P 500</strong> has soared nearly 50%. Much of this performance was driven by huge gains for the so-called &#34;Magnificent Seven&#34; stocks.</p><p>Could this momentum continue in a Kamala Harris administration? And, if so, what&#39;s the best Magnificent Seven stock to buy if Harris wins in November?</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/1290cd3328579120fc0158c0c776f64d\" tg-width=\"700\" tg-height=\"466\"/></p><p>Kamala Harris. Official White House photo by Lawrence Jackson.</p><h2 id=\"id_2727723257\">Harris&#39; proposals that could affect the Magnificent Seven</h2><p>Harris has unveiled a wide range of economic proposals. Her campaign released an 82-page document outlining what she&#39;d like to do to create what she calls &#34;an opportunity economy.&#34; Not all of the proposals in this document affect the Magnificent Seven, but several could.</p><p>The vice president&#39;s plan to increase the corporate tax rate from 21% to 28% has received significant media attention. Although this is a large increase, it&#39;s still lower than the maximum corporate tax rate of 39% that was in place before former President Donald Trump&#39;s tax cuts went into effect in 2018.</p><p>Another Harris proposal is to quadruple the tax rate on corporate stock buybacks. The rationale behind this plan is &#34;to encourage businesses to invest in growth and productivity.&#34;</p><p>Harris also wants the federal government to invest in industries that are important to the country&#39;s economic and national security. Her plan specifically identifies the following types of businesses that would be eligible for tax credits:</p><ul style=\"\"><li><p>Aerospace companies</p></li><li><p>Artificial intelligence (AI) data centers</p></li><li><p>Automobile manufacturers</p></li><li><p>Biotechnology companies</p></li><li><p>Clean energy manufacturers</p></li><li><p>Semiconductor manufacturers</p></li><li><p>Steel and iron producers</p></li></ul><h2 id=\"id_3763262662\">Evaluating the impact of these proposals</h2><p>In theory, the members of the Magnificent Seven -- <strong>Alphabet</strong> (GOOG -2.47%) (GOOGL -2.44%), <strong>Amazon</strong> (AMZN -3.06%), <strong>Apple</strong> (AAPL -2.25%), <strong>Meta Platforms</strong> (META -1.87%), <strong>Microsoft</strong> (MSFT -1.57%), <strong>Nvidia</strong> (NVDA 2.24%), and <strong>Tesla</strong> (TSLA -3.70%) -- would be affected equally by Harris&#39; proposed corporate tax rate increase. However, in practice, this change could impact the big companies differently.</p><p>The following table shows the effective tax rates paid by the Magnificent Seven in their most recent fiscal years:</p><table style=\"border-collapse:collapse;\"><tbody><tr><th style=\"text-align:left;\"><p>Company</p></th><th style=\"text-align:left;\"><p>Effective Tax Rate</p></th></tr><tr><td style=\"text-align:left;\"><p>Alphabet</p></td><td style=\"text-align:left;\"><p>13.9%</p></td></tr><tr><td style=\"text-align:left;\"><p>Amazon</p></td><td style=\"text-align:left;\"><p>9.73%</p></td></tr><tr><td style=\"text-align:left;\"><p>Apple</p></td><td style=\"text-align:left;\"><p>14.7%</p></td></tr><tr><td style=\"text-align:left;\"><p>Meta Platforms</p></td><td style=\"text-align:left;\"><p>17.6%</p></td></tr><tr><td style=\"text-align:left;\"><p>Microsoft</p></td><td style=\"text-align:left;\"><p>18%</p></td></tr><tr><td style=\"text-align:left;\"><p>Nvidia</p></td><td style=\"text-align:left;\"><p>12%</p></td></tr><tr><td style=\"text-align:left;\"><p>Tesla</p></td><td style=\"text-align:left;\"><p>(50% Tax Benefit)</p></td></tr></tbody></table><p>Data sources: Company 10-K filings. *Tesla received more tax benefits than it paid in taxes in 2023.</p><p>As you can see, none of the Magnificent Seven companies paid the full 21% corporate tax rate. Microsoft and Meta had the highest effective tax rates of the group. However, all of the companies have been adept at using the tax code to their advantage.</p><p>What about stock buybacks? Most of the Magnificent Seven members have repurchased shares in significant amounts. Apple has by far spent the most money on stock buybacks -- $70.6 billion in the nine months ended July 1, 2023. Increased taxes on stock buybacks could cause Apple and others to change their capital deployment strategies. However, I don&#39;t expect this would significantly impact their stock performance or underlying businesses.</p><p>Each of these companies could benefit from the tax credits for AI data centers proposed by Harris. As the three largest cloud services providers, Amazon, Microsoft, and Alphabet might be the biggest winners on this front. However, Nvidia could also be helped quite a bit because its GPUs are used heavily in AI data centers. In addition, Nvidia and Tesla could potentially receive tax credits offered to semiconductor makers and automakers, respectively.</p><h2 id=\"id_2921650649\">The best Magnificent Seven stock to buy if Harris wins</h2><p>So what&#39;s the best Magnificent Seven stock to buy if Harris wins the presidential race? The honest answer is that there&#39;s insufficient information to know which stock might benefit the most from the aforementioned policies proposed by the vice president. Furthermore, it&#39;s uncertain if she would be able to implement all of her plans should she be elected. The U.S. Congress advances legislation; the president only signs the bills into law.</p><p>That said, many economists believe that Harris&#39; economic policies would help control inflation, while Trump&#39;s plans (especially his proposed tariffs) could cause inflation to rise. If these economists are right, interest rates would more likely be lower during a Harris administration than they would otherwise be.</p><p>While all the Magnificent Seven stocks should benefit from a lower-rate environment, I think the best pick of the group is Amazon. The company has a substantial debt load, which makes it a potentially bigger beneficiary of lower rates than the other Magnificent Seven members. Lower interest rates could also boost consumer and corporate spending, helping Amazon&#39;s e-commerce, advertising, and cloud services businesses.</p><p>Regardless of which person occupies the White House over the next four years, Amazon should benefit from the shift of IT spending to the cloud from on-premises. This migration will likely be accelerated by AI advances.</p><p>Surprisingly, Amazon stock has only climbed around 12% during Harris&#39; time as <a href=\"https://laohu8.com/S/VP..UK\">VP</a>. I suspect it could deliver much greater gains if she becomes president and interest rates decline further.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What's the Best \"Magnificent Seven\" Stock to Buy If Kamala Harris Wins in November?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat's the Best \"Magnificent Seven\" Stock to Buy If Kamala Harris Wins in November?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-08 22:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/10/08/best-magnificent-seven-stock-kamala-harris/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Several of Harris' proposed policies could impact the Magnificent Seven.It's difficult to determine which stock in the group might benefit the most from her proposals.However, one Magnificent Seven ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/10/08/best-magnificent-seven-stock-kamala-harris/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","META":"Meta Platforms, Inc.","BK4581":"高盛持仓","NVDA":"英伟达","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","AMZN":"亚马逊","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","IE0034235295.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"A\" (USD) ACC","LU0187121727.USD":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) INC","HK0000320264.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) ACC","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0068578508.USD":"First Eagle Amundi International Cl AU-C USD","BK4529":"IDC概念","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","BK4528":"SaaS概念","GOOG":"谷歌","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","GOOGL":"谷歌A","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","BK4592":"伊斯兰概念","GB00B4LPDJ14.GBP":"FUNDSMITH EQUITY \"R\" (GBP) ACC","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","MSFT":"微软","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","BK4585":"ETF&股票定投概念","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","BK4576":"AR","BK4587":"ChatGPT概念","BK4575":"芯片概念","BK4525":"远程办公概念","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","AAPL":"苹果","BK4524":"宅经济概念","BK4577":"网络游戏","BK4527":"明星科技股","BK4579":"人工智能","BK4588":"碎股","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","IE00BMPRXQ63.HKD":"NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND \"A\" (HKDHDG) ACC","TSLA":"特斯拉","BK4574":"无人驾驶","BK4573":"虚拟现实"},"source_url":"https://www.fool.com/investing/2024/10/08/best-magnificent-seven-stock-kamala-harris/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2473446739","content_text":"Several of Harris' proposed policies could impact the Magnificent Seven.It's difficult to determine which stock in the group might benefit the most from her proposals.However, one Magnificent Seven stock could be the biggest winner if Harris' policies lead to lower inflation and interest rates.The stock market has performed pretty well as the Biden-Harris administration draws to a close. Despite the steep decline in 2022, the S&P 500 has soared nearly 50%. Much of this performance was driven by huge gains for the so-called \"Magnificent Seven\" stocks.Could this momentum continue in a Kamala Harris administration? And, if so, what's the best Magnificent Seven stock to buy if Harris wins in November?Kamala Harris. Official White House photo by Lawrence Jackson.Harris' proposals that could affect the Magnificent SevenHarris has unveiled a wide range of economic proposals. Her campaign released an 82-page document outlining what she'd like to do to create what she calls \"an opportunity economy.\" Not all of the proposals in this document affect the Magnificent Seven, but several could.The vice president's plan to increase the corporate tax rate from 21% to 28% has received significant media attention. Although this is a large increase, it's still lower than the maximum corporate tax rate of 39% that was in place before former President Donald Trump's tax cuts went into effect in 2018.Another Harris proposal is to quadruple the tax rate on corporate stock buybacks. The rationale behind this plan is \"to encourage businesses to invest in growth and productivity.\"Harris also wants the federal government to invest in industries that are important to the country's economic and national security. Her plan specifically identifies the following types of businesses that would be eligible for tax credits:Aerospace companiesArtificial intelligence (AI) data centersAutomobile manufacturersBiotechnology companiesClean energy manufacturersSemiconductor manufacturersSteel and iron producersEvaluating the impact of these proposalsIn theory, the members of the Magnificent Seven -- Alphabet (GOOG -2.47%) (GOOGL -2.44%), Amazon (AMZN -3.06%), Apple (AAPL -2.25%), Meta Platforms (META -1.87%), Microsoft (MSFT -1.57%), Nvidia (NVDA 2.24%), and Tesla (TSLA -3.70%) -- would be affected equally by Harris' proposed corporate tax rate increase. However, in practice, this change could impact the big companies differently.The following table shows the effective tax rates paid by the Magnificent Seven in their most recent fiscal years:CompanyEffective Tax RateAlphabet13.9%Amazon9.73%Apple14.7%Meta Platforms17.6%Microsoft18%Nvidia12%Tesla(50% Tax Benefit)Data sources: Company 10-K filings. *Tesla received more tax benefits than it paid in taxes in 2023.As you can see, none of the Magnificent Seven companies paid the full 21% corporate tax rate. Microsoft and Meta had the highest effective tax rates of the group. However, all of the companies have been adept at using the tax code to their advantage.What about stock buybacks? Most of the Magnificent Seven members have repurchased shares in significant amounts. Apple has by far spent the most money on stock buybacks -- $70.6 billion in the nine months ended July 1, 2023. Increased taxes on stock buybacks could cause Apple and others to change their capital deployment strategies. However, I don't expect this would significantly impact their stock performance or underlying businesses.Each of these companies could benefit from the tax credits for AI data centers proposed by Harris. As the three largest cloud services providers, Amazon, Microsoft, and Alphabet might be the biggest winners on this front. However, Nvidia could also be helped quite a bit because its GPUs are used heavily in AI data centers. In addition, Nvidia and Tesla could potentially receive tax credits offered to semiconductor makers and automakers, respectively.The best Magnificent Seven stock to buy if Harris winsSo what's the best Magnificent Seven stock to buy if Harris wins the presidential race? The honest answer is that there's insufficient information to know which stock might benefit the most from the aforementioned policies proposed by the vice president. Furthermore, it's uncertain if she would be able to implement all of her plans should she be elected. The U.S. Congress advances legislation; the president only signs the bills into law.That said, many economists believe that Harris' economic policies would help control inflation, while Trump's plans (especially his proposed tariffs) could cause inflation to rise. If these economists are right, interest rates would more likely be lower during a Harris administration than they would otherwise be.While all the Magnificent Seven stocks should benefit from a lower-rate environment, I think the best pick of the group is Amazon. The company has a substantial debt load, which makes it a potentially bigger beneficiary of lower rates than the other Magnificent Seven members. Lower interest rates could also boost consumer and corporate spending, helping Amazon's e-commerce, advertising, and cloud services businesses.Regardless of which person occupies the White House over the next four years, Amazon should benefit from the shift of IT spending to the cloud from on-premises. This migration will likely be accelerated by AI advances.Surprisingly, Amazon stock has only climbed around 12% during Harris' time as VP. I suspect it could deliver much greater gains if she becomes president and interest rates decline further.","news_type":1},"isVote":1,"tweetType":1,"viewCount":41,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":138137053,"gmtCreate":1621916562772,"gmtModify":1704364397203,"author":{"id":"3573794416630780","authorId":"3573794416630780","name":"Richgod","avatar":"https://static.tigerbbs.com/deb0e7defd12a60f1c891c9d45177dad","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573794416630780","authorIdStr":"3573794416630780"},"themes":[],"htmlText":"Haha I don’t think people still live in the real world. Please move on. Stocks market is the bubble","listText":"Haha I don’t think people still live in the real world. Please move on. Stocks market is the bubble","text":"Haha I don’t think people still live in the real world. Please move on. Stocks market is the bubble","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/138137053","repostId":"2137132568","repostType":4,"repost":{"id":"2137132568","pubTimestamp":1621915020,"share":"https://ttm.financial/m/news/2137132568?lang=&edition=fundamental","pubTime":"2021-05-25 11:57","market":"us","language":"en","title":"10 Reasons the Cryptocurrency Bubble Is Bursting","url":"https://stock-news.laohu8.com/highlight/detail?id=2137132568","media":"Motley Fool","summary":"This might be more than just a \"healthy pullback.\"","content":"<blockquote><b>This might be more than just a \"healthy pullback.\"</b></blockquote><p>For more than 100 years, the stock market has been <a href=\"https://laohu8.com/S/AONE\">one</a> of the greatest wealth creators in this country. Stocks might have taken a back seat to housing, oil, gold, or other assets for brief periods of time over the past century, but they've delivered the highest consistent returns of any investment vehicle.</p><p>That is until cryptocurrencies came along a little over a decade ago.</p><p>The emergence of <b>Bitcoin</b> (CRYPTO:BTC), <b>Ethereum</b> (CRYPTO:ETH), <b>Dogecoin</b> (CRYPTO:DOGE), and a host of other digital currencies have paved the way for once-in-a-lifetime gains. For instance, a $155 investment in Bitcoin at $1 would have been worth over $1 million when it hit $64,800 a token in mid-April.</p><p>But over the past two weeks, cryptocurrencies have fallen off a cliff. Some would call this a natural pullback after a monstrous run higher. I have a different name for it: a popping bubble.</p><p>While there is no shortage of enthusiasts who believe digital currencies are the greatest thing since sliced bread, I believe the crypto market is imploding for 10 very good reasons.</p><p><img src=\"https://static.tigerbbs.com/08bd510be5ae746f0867c5de1184417a\" tg-width=\"700\" tg-height=\"464\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>1. There's very minimal real-world utility</p><p>One of the biggest drawbacks of digital currency is that it's virtually useless outside a cryptocurrency exchange. Although we've seen a small number of high-profile companies or organizations accept Bitcoin or Dogecoin, the reality is that the total number of businesses accepting either is microscopic. Approximately 1,300 businesses globally have chosen to accept Dogecoin after eight years, while Fundera found that 15,174 businesses accept Bitcoin, as of December 2020. For some context here, there are an estimated 582 million entrepreneurs worldwide.</p><p>2. Valuations, relative to transaction data, made no sense</p><p>Even though valuation is somewhat subjective, <a href=\"https://laohu8.com/S/AONE.U\">one</a> glance at transaction data for the three most popular cryptocurrencies, relative to payment processing juggernauts such as <b><a href=\"https://laohu8.com/S/V\">Visa</a></b> (NYSE:V) and <b>Mastercard</b> (NYSE:MA), would leave anyone's jaw on the floor.</p><p>The latest Nilson report found that 1.01 billion credit transactions were processed daily in 2018, 700 million of which were handled by Visa and Mastercard. By comparison, Bitcoin, Ethereum, and Dogecoin are processing in the neighborhood of 300,000, 1.4 million, and 50,000 respective transactions on their blockchains each day. All the major cryptos combined can't hold a candle to the processing potential of Visa or Mastercard, yet the Big Three of crypto have a higher combined market value than Visa and Mastercard. That makes no sense.</p><p><img src=\"https://static.tigerbbs.com/ce89a01a16c15dafb27017a6a42cedc3\" tg-width=\"700\" tg-height=\"496\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>3. Businesses have been slow to adopt blockchain</p><p>On paper, blockchain sounds great. On the financial side of the equation, it's a way to expedite the validation and settlement of payments. Rather than waiting up to a week for cross-border payments to settle, they could be resolved in mere seconds or minutes. Blockchain also has nonfinancial applications. Ethereum's smart contract-driven blockchain might be the key to one day unlocking supply chain bottlenecks.</p><p>However, what sounds great on paper doesn't always translate into real-world success. Blockchain continues to suffer from a Catch-22. Businesses won't adopt it till the technology is proven on a broad scale, but no businesses will abandon their existing (and proven) infrastructure to effectively be the guinea pig. Until blockchain matures, big business will keep its distance.</p><p>4. There's virtually no barrier to entry</p><p>Aside from minimal utility, my biggest personal gripe with crypto is there's no barrier to entry. Anyone with the time to code can develop a blockchain and, potentially, a tethered token. According to CoinMarketCap, there are almost 10,000 different cryptocurrencies in its system. While many aren't trading much, if at all, that's an insane number of potential competitors to Bitcoin, Dogecoin, and Ethereum, with the likelihood of many more to come.</p><p>In short, the crypto space is constantly being diluted by an unlimited amount of competition.</p><p><img src=\"https://static.tigerbbs.com/614d7f34734e33d740f7f9c02ed3f8fd\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>5. Centralization remains a problem</p><p>One of the many goals of cryptocurrencies is decentralization. This is to ensure that no one person or small group of people controls a network. Yet according to data from BitInfoCharts.com, ownership in Bitcoin and Dogecoin is fairly centralized. Just 2,155 addresses own almost 42% of all Bitcoin, while 66.6% of all outstanding Dogecoin is owned by only 99 addresses. It's possible folks are waking up to the fact that these financial experiments aren't as decentralized as they were intended to be.</p><p>6. Elon Musk is tugging at heartstrings</p><p>Another reason the crypto bubble is bursting is that it's been artificially driven by tweets from <b>Tesla</b>&nbsp;CEO Elon Musk.</p><p>At first, Musk was all aboard the Bitcoin train. He purchased $1.5 billion Bitcoin for Tesla's balance sheet in February and announced that the company would begin accepting Bitcoin for electric vehicle purchases a month later. Then, after 49 days, he tweeted that Tesla would no longer accept Bitcoin because of the adverse environmental impacts of mining it. He's since turned his attention to Dogecoin.</p><p>The fact that tweets with little or no substance are creating and erasing hundreds of billions of dollars in crypto market value would seem to indicate that a bubble has been brewing for some time.</p><p><img src=\"https://static.tigerbbs.com/4c7f03bc8a60bee0f293f0582f185505\" tg-width=\"700\" tg-height=\"474\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>7. Not all governments are OK with crypto</p><p>The crypto bubble is also popping because some governments aren't OK with allowing cryptocurrencies to undermine their own central bank-backed currencies. Last week, China sent the crypto market into a tailspin after prohibiting banks and online payment channels in the country from offering any services related to the cryptocurrency industry. It should be noted that a lot of Bitcoin mining occurs in China.</p><p>And China's far from alone. Turkey recently enacted a ban on crypto payments. Meanwhile, countries including Bolivia, Ecuador, Nigeria, and Algeria have effectively banned digital currencies. This trend makes the global use case for crypto unlikely.</p><p>8. There are no identifiable real-world correlations</p><p>Yet another issue with crypto is there are no readily identifiable real-world correlations.</p><p>For example, we know that gold and the U.S. dollar have an inverse relationship to one another. When the dollar is declining in value, gold is very likely rising in value. This is a correlation that's been established over a long period of time.</p><p>Bitcoin, Ethereum, and Dogecoin don't have these correlations. Enthusiasts like to point out how crypto is a hedge against inflation, but they forget that Bitcoin has both risen and fallen when the money supply expanded rapidly or slowly. Crypto is driven by emotion and technical analysis, primarily because it has no real-world correlations.</p><p><img src=\"https://static.tigerbbs.com/b04ade705354c4825038c4dfcd0187d9\" tg-width=\"700\" tg-height=\"500\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>9. Leverage is haunting the crypto market</p><p>The cryptocurrency implosion can also be blamed on investors who are over-levered. Some of the most popular crypto exchanges will allow customers to use 50 to 125 times leverage on their actual account equity. While this isn't an uncommon amount of leverage in forex, where currencies move in fractions of a cent, it's absolutely ludicrous for crypto, which can move 3% in the blink of an eye.</p><p>According to data from Bybt.com, via Bloomberg, over 887,000 accounts totaling $9.4 billion in aggregate crypto assets were liquidated as a result of leverage-based margin calls on May 19. Because of this insane leverage, it doesn't take much for things to go south quickly for the crypto market.</p><p>10. Investors always overhype new tech</p><p>Finally, investors frequently overestimate the adoption of new technology. Though there is no shortage of people hyped up about blockchain, it's been more than a half-decade and the blockchain buzz hasn't materialized into meaningful enterprise usage. It takes all next-big-thing technology time to mature, and crypto will be no different.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>10 Reasons the Cryptocurrency Bubble Is Bursting</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n10 Reasons the Cryptocurrency Bubble Is Bursting\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-25 11:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/24/10-reasons-the-cryptocurrency-bubble-is-bursting/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>This might be more than just a \"healthy pullback.\"For more than 100 years, the stock market has been one of the greatest wealth creators in this country. Stocks might have taken a back seat to housing...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/24/10-reasons-the-cryptocurrency-bubble-is-bursting/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","GBTC":"Grayscale Bitcoin Trust","V":"Visa"},"source_url":"https://www.fool.com/investing/2021/05/24/10-reasons-the-cryptocurrency-bubble-is-bursting/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2137132568","content_text":"This might be more than just a \"healthy pullback.\"For more than 100 years, the stock market has been one of the greatest wealth creators in this country. Stocks might have taken a back seat to housing, oil, gold, or other assets for brief periods of time over the past century, but they've delivered the highest consistent returns of any investment vehicle.That is until cryptocurrencies came along a little over a decade ago.The emergence of Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), Dogecoin (CRYPTO:DOGE), and a host of other digital currencies have paved the way for once-in-a-lifetime gains. For instance, a $155 investment in Bitcoin at $1 would have been worth over $1 million when it hit $64,800 a token in mid-April.But over the past two weeks, cryptocurrencies have fallen off a cliff. Some would call this a natural pullback after a monstrous run higher. I have a different name for it: a popping bubble.While there is no shortage of enthusiasts who believe digital currencies are the greatest thing since sliced bread, I believe the crypto market is imploding for 10 very good reasons.Image source: Getty Images.1. There's very minimal real-world utilityOne of the biggest drawbacks of digital currency is that it's virtually useless outside a cryptocurrency exchange. Although we've seen a small number of high-profile companies or organizations accept Bitcoin or Dogecoin, the reality is that the total number of businesses accepting either is microscopic. Approximately 1,300 businesses globally have chosen to accept Dogecoin after eight years, while Fundera found that 15,174 businesses accept Bitcoin, as of December 2020. For some context here, there are an estimated 582 million entrepreneurs worldwide.2. Valuations, relative to transaction data, made no senseEven though valuation is somewhat subjective, one glance at transaction data for the three most popular cryptocurrencies, relative to payment processing juggernauts such as Visa (NYSE:V) and Mastercard (NYSE:MA), would leave anyone's jaw on the floor.The latest Nilson report found that 1.01 billion credit transactions were processed daily in 2018, 700 million of which were handled by Visa and Mastercard. By comparison, Bitcoin, Ethereum, and Dogecoin are processing in the neighborhood of 300,000, 1.4 million, and 50,000 respective transactions on their blockchains each day. All the major cryptos combined can't hold a candle to the processing potential of Visa or Mastercard, yet the Big Three of crypto have a higher combined market value than Visa and Mastercard. That makes no sense.Image source: Getty Images.3. Businesses have been slow to adopt blockchainOn paper, blockchain sounds great. On the financial side of the equation, it's a way to expedite the validation and settlement of payments. Rather than waiting up to a week for cross-border payments to settle, they could be resolved in mere seconds or minutes. Blockchain also has nonfinancial applications. Ethereum's smart contract-driven blockchain might be the key to one day unlocking supply chain bottlenecks.However, what sounds great on paper doesn't always translate into real-world success. Blockchain continues to suffer from a Catch-22. Businesses won't adopt it till the technology is proven on a broad scale, but no businesses will abandon their existing (and proven) infrastructure to effectively be the guinea pig. Until blockchain matures, big business will keep its distance.4. There's virtually no barrier to entryAside from minimal utility, my biggest personal gripe with crypto is there's no barrier to entry. Anyone with the time to code can develop a blockchain and, potentially, a tethered token. According to CoinMarketCap, there are almost 10,000 different cryptocurrencies in its system. While many aren't trading much, if at all, that's an insane number of potential competitors to Bitcoin, Dogecoin, and Ethereum, with the likelihood of many more to come.In short, the crypto space is constantly being diluted by an unlimited amount of competition.Image source: Getty Images.5. Centralization remains a problemOne of the many goals of cryptocurrencies is decentralization. This is to ensure that no one person or small group of people controls a network. Yet according to data from BitInfoCharts.com, ownership in Bitcoin and Dogecoin is fairly centralized. Just 2,155 addresses own almost 42% of all Bitcoin, while 66.6% of all outstanding Dogecoin is owned by only 99 addresses. It's possible folks are waking up to the fact that these financial experiments aren't as decentralized as they were intended to be.6. Elon Musk is tugging at heartstringsAnother reason the crypto bubble is bursting is that it's been artificially driven by tweets from Tesla CEO Elon Musk.At first, Musk was all aboard the Bitcoin train. He purchased $1.5 billion Bitcoin for Tesla's balance sheet in February and announced that the company would begin accepting Bitcoin for electric vehicle purchases a month later. Then, after 49 days, he tweeted that Tesla would no longer accept Bitcoin because of the adverse environmental impacts of mining it. He's since turned his attention to Dogecoin.The fact that tweets with little or no substance are creating and erasing hundreds of billions of dollars in crypto market value would seem to indicate that a bubble has been brewing for some time.Image source: Getty Images.7. Not all governments are OK with cryptoThe crypto bubble is also popping because some governments aren't OK with allowing cryptocurrencies to undermine their own central bank-backed currencies. Last week, China sent the crypto market into a tailspin after prohibiting banks and online payment channels in the country from offering any services related to the cryptocurrency industry. It should be noted that a lot of Bitcoin mining occurs in China.And China's far from alone. Turkey recently enacted a ban on crypto payments. Meanwhile, countries including Bolivia, Ecuador, Nigeria, and Algeria have effectively banned digital currencies. This trend makes the global use case for crypto unlikely.8. There are no identifiable real-world correlationsYet another issue with crypto is there are no readily identifiable real-world correlations.For example, we know that gold and the U.S. dollar have an inverse relationship to one another. When the dollar is declining in value, gold is very likely rising in value. This is a correlation that's been established over a long period of time.Bitcoin, Ethereum, and Dogecoin don't have these correlations. Enthusiasts like to point out how crypto is a hedge against inflation, but they forget that Bitcoin has both risen and fallen when the money supply expanded rapidly or slowly. Crypto is driven by emotion and technical analysis, primarily because it has no real-world correlations.Image source: Getty Images.9. Leverage is haunting the crypto marketThe cryptocurrency implosion can also be blamed on investors who are over-levered. Some of the most popular crypto exchanges will allow customers to use 50 to 125 times leverage on their actual account equity. While this isn't an uncommon amount of leverage in forex, where currencies move in fractions of a cent, it's absolutely ludicrous for crypto, which can move 3% in the blink of an eye.According to data from Bybt.com, via Bloomberg, over 887,000 accounts totaling $9.4 billion in aggregate crypto assets were liquidated as a result of leverage-based margin calls on May 19. Because of this insane leverage, it doesn't take much for things to go south quickly for the crypto market.10. Investors always overhype new techFinally, investors frequently overestimate the adoption of new technology. Though there is no shortage of people hyped up about blockchain, it's been more than a half-decade and the blockchain buzz hasn't materialized into meaningful enterprise usage. It takes all next-big-thing technology time to mature, and crypto will be no different.","news_type":1},"isVote":1,"tweetType":1,"viewCount":19,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190485222,"gmtCreate":1620644532566,"gmtModify":1704346013147,"author":{"id":"3573794416630780","authorId":"3573794416630780","name":"Richgod","avatar":"https://static.tigerbbs.com/deb0e7defd12a60f1c891c9d45177dad","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573794416630780","authorIdStr":"3573794416630780"},"themes":[],"htmlText":"You sure or not","listText":"You sure or not","text":"You sure or not","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/190485222","repostId":"1169918038","repostType":4,"repost":{"id":"1169918038","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1620644418,"share":"https://ttm.financial/m/news/1169918038?lang=&edition=fundamental","pubTime":"2021-05-10 19:00","market":"us","language":"en","title":"Why Is Dogecoin Refusing To Budge As Elon Musk Gives One Push After Another?","url":"https://stock-news.laohu8.com/highlight/detail?id=1169918038","media":"Benzinga","summary":"Dogecoin(DOGE) has the high-profile support ofTesla Inc(NASDAQ:TSLA) CEO Elon Musk, who mentioned th","content":"<p><b>Dogecoin</b>(DOGE) has the high-profile support of<b>Tesla Inc</b>(NASDAQ:TSLA) CEO Elon Musk, who mentioned the meme cryptocurrency several times during his “Saturday Night Live” appearance, but the result in terms of price has not been as spectacular as some expected.</p><p><b>What Happened:</b>The Shiba Inu-themed cryptocurrency has plummeted to as low as&nbsp;$0.4257 since&nbsp;the&nbsp;airing of the SNL episode.</p><p>Last week, the buzz around the variety show&nbsp;took the joke cryptocurrency to new heights as it touched $0.73 on May 8.</p><p>At press time, DOGE traded 25.48% lower from that all-time high at $0.56.</p><p>The cryptocurrency is yet to get anywhere near the $1 mark, which is the stated pump target of many investors on social media,&nbsp;despite Musk’s frequent pushes.</p><p><b>Ethereum Classic</b>(ETC), another currency that has shot up in parallel with the latest DOGE rally, is up 163.61% in terms of weekly gains.</p><p>At press time, ETC traded 7.01% lower at $118.35. The apex cryptocurrency,<b>Bitcoin</b>(BTC) was down 0.6% at $58,727.88.</p><p>A noted proponent of ETC and BTC, Barry Silbert, CEO Of Digital Currency Group, challenged the DOGE community to convert their DOGE to BTC disclosing he is betting against the meme coin.</p><p><img src=\"https://static.tigerbbs.com/5406c061672fa1f54856fd0e5846cfca\" tg-width=\"586\" tg-height=\"340\" referrerpolicy=\"no-referrer\">Silbert made his challenge to the “Doge Army” even more “interesting” by saying he would donate $1 million to a charitable cause selected by the Dogecoin community should DOGE hit $1 by May 31.</p><p><img src=\"https://static.tigerbbs.com/d0c9a47c2e7fae88c78d679a101cb3d9\" tg-width=\"583\" tg-height=\"338\" referrerpolicy=\"no-referrer\"><b>Why It Matters:</b>The lack of momentum towards $1 in DOGE is certainly not due to the lack of a push by Musk.</p><p>Musk mentioned DOGE as a potential mother’s day gift standing alongside his mother Maye Musk on SNL, she was left unimpressed.</p><p>Musk also participated in anextensive skit on DOGEwith SNL’s Michael Che. Dressed up as a financial expert he was at pains to explain “what is Dogecoin?”</p><p>On Sunday, a Canadian company said it was sending a “DOGE-1 Mission to the Moon” in the shape of a lunar satellite onboard a SpaceX Falcon 9 rocket. Musk, who also heads SpaceX, took note of the development on Twitter.</p><p><img src=\"https://static.tigerbbs.com/11e37da467f8a9902f91318fa4ada79a\" tg-width=\"593\" tg-height=\"476\"></p><p>Musk said that the mission was paid for in Doge and claimed that this would make the cryptocurrency in space and the first meme in space. He included a song about taking Dogecoin to the moon for good measure in the tweet.</p><p>As for Dogecoin’s social media fans, their reactions were mixed on DOGE’s price movement, while some thanked Musk for his efforts, the others blamed community members for not holding on to their investments.</p><p><img src=\"https://static.tigerbbs.com/223d971d5134487c61c75bef89a54598\" tg-width=\"662\" tg-height=\"533\"><img src=\"https://static.tigerbbs.com/10797dcf3db9e4b63cddaf1ab189730f\" tg-width=\"661\" tg-height=\"546\"></p><p><b>Benzinga’s Take:</b>With Dogecoin seeing a dizzying rally amid speculations over the appearance of the meme crypto in Musk's SNL episode, there were concerns expressed ahead of Saturday thatthere could be massive profit-booking;so, the market correction isn't exactly surprising.</p><p>Not to mention that there have beenseveral instances previouslywhere Muskian mentions have failed to budge the price of Dogecoin — for better or worse.</p><p>Reddit user u/Happyis2cool on r/Dogecoin community shared their thoughts that the Dogecoin community needs to \"stop building hype around certain days like 4/20 or Elon Musk hoting SNL. The whales are watching and are purposefully causing dumps on days we build hype around.\"</p><p>Whether or not DOGE touches $1 is anyone’s guess at the moment, but as Musk said before his SNL appearance“please invest with caution.”That said, there is no lack of excitement surrounding DOGE and it would be interesting to see whether the Doge Army or Silbert will be proved right at the end of the month.</p><p>Dallas Mavericks owner Mark Cuban, for one,remains bullishon Dogecoin reaching the $1 mark.</p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Is Dogecoin Refusing To Budge As Elon Musk Gives One Push After Another?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Is Dogecoin Refusing To Budge As Elon Musk Gives One Push After Another?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-05-10 19:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>Dogecoin</b>(DOGE) has the high-profile support of<b>Tesla Inc</b>(NASDAQ:TSLA) CEO Elon Musk, who mentioned the meme cryptocurrency several times during his “Saturday Night Live” appearance, but the result in terms of price has not been as spectacular as some expected.</p><p><b>What Happened:</b>The Shiba Inu-themed cryptocurrency has plummeted to as low as&nbsp;$0.4257 since&nbsp;the&nbsp;airing of the SNL episode.</p><p>Last week, the buzz around the variety show&nbsp;took the joke cryptocurrency to new heights as it touched $0.73 on May 8.</p><p>At press time, DOGE traded 25.48% lower from that all-time high at $0.56.</p><p>The cryptocurrency is yet to get anywhere near the $1 mark, which is the stated pump target of many investors on social media,&nbsp;despite Musk’s frequent pushes.</p><p><b>Ethereum Classic</b>(ETC), another currency that has shot up in parallel with the latest DOGE rally, is up 163.61% in terms of weekly gains.</p><p>At press time, ETC traded 7.01% lower at $118.35. The apex cryptocurrency,<b>Bitcoin</b>(BTC) was down 0.6% at $58,727.88.</p><p>A noted proponent of ETC and BTC, Barry Silbert, CEO Of Digital Currency Group, challenged the DOGE community to convert their DOGE to BTC disclosing he is betting against the meme coin.</p><p><img src=\"https://static.tigerbbs.com/5406c061672fa1f54856fd0e5846cfca\" tg-width=\"586\" tg-height=\"340\" referrerpolicy=\"no-referrer\">Silbert made his challenge to the “Doge Army” even more “interesting” by saying he would donate $1 million to a charitable cause selected by the Dogecoin community should DOGE hit $1 by May 31.</p><p><img src=\"https://static.tigerbbs.com/d0c9a47c2e7fae88c78d679a101cb3d9\" tg-width=\"583\" tg-height=\"338\" referrerpolicy=\"no-referrer\"><b>Why It Matters:</b>The lack of momentum towards $1 in DOGE is certainly not due to the lack of a push by Musk.</p><p>Musk mentioned DOGE as a potential mother’s day gift standing alongside his mother Maye Musk on SNL, she was left unimpressed.</p><p>Musk also participated in anextensive skit on DOGEwith SNL’s Michael Che. Dressed up as a financial expert he was at pains to explain “what is Dogecoin?”</p><p>On Sunday, a Canadian company said it was sending a “DOGE-1 Mission to the Moon” in the shape of a lunar satellite onboard a SpaceX Falcon 9 rocket. Musk, who also heads SpaceX, took note of the development on Twitter.</p><p><img src=\"https://static.tigerbbs.com/11e37da467f8a9902f91318fa4ada79a\" tg-width=\"593\" tg-height=\"476\"></p><p>Musk said that the mission was paid for in Doge and claimed that this would make the cryptocurrency in space and the first meme in space. He included a song about taking Dogecoin to the moon for good measure in the tweet.</p><p>As for Dogecoin’s social media fans, their reactions were mixed on DOGE’s price movement, while some thanked Musk for his efforts, the others blamed community members for not holding on to their investments.</p><p><img src=\"https://static.tigerbbs.com/223d971d5134487c61c75bef89a54598\" tg-width=\"662\" tg-height=\"533\"><img src=\"https://static.tigerbbs.com/10797dcf3db9e4b63cddaf1ab189730f\" tg-width=\"661\" tg-height=\"546\"></p><p><b>Benzinga’s Take:</b>With Dogecoin seeing a dizzying rally amid speculations over the appearance of the meme crypto in Musk's SNL episode, there were concerns expressed ahead of Saturday thatthere could be massive profit-booking;so, the market correction isn't exactly surprising.</p><p>Not to mention that there have beenseveral instances previouslywhere Muskian mentions have failed to budge the price of Dogecoin — for better or worse.</p><p>Reddit user u/Happyis2cool on r/Dogecoin community shared their thoughts that the Dogecoin community needs to \"stop building hype around certain days like 4/20 or Elon Musk hoting SNL. The whales are watching and are purposefully causing dumps on days we build hype around.\"</p><p>Whether or not DOGE touches $1 is anyone’s guess at the moment, but as Musk said before his SNL appearance“please invest with caution.”That said, there is no lack of excitement surrounding DOGE and it would be interesting to see whether the Doge Army or Silbert will be proved right at the end of the month.</p><p>Dallas Mavericks owner Mark Cuban, for one,remains bullishon Dogecoin reaching the $1 mark.</p><p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169918038","content_text":"Dogecoin(DOGE) has the high-profile support ofTesla Inc(NASDAQ:TSLA) CEO Elon Musk, who mentioned the meme cryptocurrency several times during his “Saturday Night Live” appearance, but the result in terms of price has not been as spectacular as some expected.What Happened:The Shiba Inu-themed cryptocurrency has plummeted to as low as $0.4257 since the airing of the SNL episode.Last week, the buzz around the variety show took the joke cryptocurrency to new heights as it touched $0.73 on May 8.At press time, DOGE traded 25.48% lower from that all-time high at $0.56.The cryptocurrency is yet to get anywhere near the $1 mark, which is the stated pump target of many investors on social media, despite Musk’s frequent pushes.Ethereum Classic(ETC), another currency that has shot up in parallel with the latest DOGE rally, is up 163.61% in terms of weekly gains.At press time, ETC traded 7.01% lower at $118.35. The apex cryptocurrency,Bitcoin(BTC) was down 0.6% at $58,727.88.A noted proponent of ETC and BTC, Barry Silbert, CEO Of Digital Currency Group, challenged the DOGE community to convert their DOGE to BTC disclosing he is betting against the meme coin.Silbert made his challenge to the “Doge Army” even more “interesting” by saying he would donate $1 million to a charitable cause selected by the Dogecoin community should DOGE hit $1 by May 31.Why It Matters:The lack of momentum towards $1 in DOGE is certainly not due to the lack of a push by Musk.Musk mentioned DOGE as a potential mother’s day gift standing alongside his mother Maye Musk on SNL, she was left unimpressed.Musk also participated in anextensive skit on DOGEwith SNL’s Michael Che. Dressed up as a financial expert he was at pains to explain “what is Dogecoin?”On Sunday, a Canadian company said it was sending a “DOGE-1 Mission to the Moon” in the shape of a lunar satellite onboard a SpaceX Falcon 9 rocket. Musk, who also heads SpaceX, took note of the development on Twitter.Musk said that the mission was paid for in Doge and claimed that this would make the cryptocurrency in space and the first meme in space. He included a song about taking Dogecoin to the moon for good measure in the tweet.As for Dogecoin’s social media fans, their reactions were mixed on DOGE’s price movement, while some thanked Musk for his efforts, the others blamed community members for not holding on to their investments.Benzinga’s Take:With Dogecoin seeing a dizzying rally amid speculations over the appearance of the meme crypto in Musk's SNL episode, there were concerns expressed ahead of Saturday thatthere could be massive profit-booking;so, the market correction isn't exactly surprising.Not to mention that there have beenseveral instances previouslywhere Muskian mentions have failed to budge the price of Dogecoin — for better or worse.Reddit user u/Happyis2cool on r/Dogecoin community shared their thoughts that the Dogecoin community needs to \"stop building hype around certain days like 4/20 or Elon Musk hoting SNL. The whales are watching and are purposefully causing dumps on days we build hype around.\"Whether or not DOGE touches $1 is anyone’s guess at the moment, but as Musk said before his SNL appearance“please invest with caution.”That said, there is no lack of excitement surrounding DOGE and it would be interesting to see whether the Doge Army or Silbert will be proved right at the end of the month.Dallas Mavericks owner Mark Cuban, for one,remains bullishon Dogecoin reaching the $1 mark.","news_type":1},"isVote":1,"tweetType":1,"viewCount":123,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}