Tweet Buster: Bullish on bitcoin? Then why spend it to buy stuff?

April 4, 2021 Editor Bitcoin 0

After logging losses for two consecutive weeks, cheers returned to Dalal Street last week, as the headline Nifty50 rebounded some 2.5 per cent. While all sectoral indices shot up, fear gauge India VIX end in the red on the weekly scale. Nifty Metal index rallied the most by registering almost 13 per cent gain for the week. At the start of a new quarter, Dalal Street’s entire focus gradually shifted to March quarter earnings.

In this edition of Tweet Buster, we scan the world of 280 characters to bring out the best investing gems, market strategies and market outlook from the market gurus.

Leveraged Blowout

In this thread, Zerodha CEO Nithin Kamath explains what went wrong at US hedge fund Archegos and argues that the chances of such a blowup happening in India are much less because of stricter regulations.

Stock Idea

Value investor Arun Mukherjee gave out a tip for those hunting for an EV play.

Are metal stocks that cheap?
PMS fund manager Basant Maheshwari said the P/E ratio that some metal companies trade at for their FY22 EPS will confuse you whether the number that you see is a P/E or the P/B of the stock under analysis.

Sip by Sip
Kalpen Parekh, president at DSP Mutual Fund, said SIP isn’t an answer to all investing problems but it ensures automated saving and making an investment when NAVs fall. He said it also ensures that its frequency suits our income cycle – monthly salary.

The big Bitcoin question
Samir Arora of Helios Capital asked what will happen to Bitcoin prices as more and more companies like Paypal, Visa, Tesla, etc start accepting the cryptocurrency for transactions? In another tweet, he said Max Life Insurance CIO Mihir Vora has the best explanation: “If I expect the price to go up, why will I spend Bitcoin? So if everyone thinks the same way, there won’t be transactions. But if there’s no usage for transactions, then what is it worth?”

Correction is a friend
Independent market expert Sandip Sabharwal said investors who want to hold a stock for 5-10 years should like deep corrections as you get more shares for the same amount of money.

Investing Strategies
Here’s a collection of gems from microcap investor Ian Cassel: