Fiverr Is My Newest Pick

[disneysteve]

I still think crypto is speculation cancer and I would call it the original meme investment before GME and AMC.

Oh I wouldn't go anywhere near it myself, but it does seem to be gaining attention from the mainstream financial institutions.

[james.hendrickson]

I still think crypto is speculation cancer and I would call it the original meme investment before GME and AMC.

Singuy, that is an interesting perspective.

If in fact crypt were speculation cancer (and I agree most consumer behavior in this space is highly, highly speculative), what do you make of the fact that large angel investing companies like Bain Capital are committing to the crypto space?

Take a company like Compound (compound.finance), they're basically trying to create a market for interest rates based on various crypto currencies. Their funders include coinbase, Bain Capital, a16z and Dragonfly capital.

If crypto were all speculation without any real value behind the business models, wouldn't the smart money stay away?

[james.hendrickson]

Is 72 point font big enough for ya?

Oh sorry Singuy, I'd gone back over my posting and changed the asterisk to 72 point font. Sigh...I guess its not funny if nobody gets it.

[Singuy]

Singuy, that is an interesting perspective.

If in fact crypt were speculation cancer (and I agree most consumer behavior in this space is highly, highly speculative), what do you make of the fact that large angel investing companies like Bain Capital are committing to the crypto space?

Take a company like Compound (compound.finance), they're basically trying to create a market for interest rates based on various crypto currencies. Their funders include coinbase, Bain Capital, a16z and Dragonfly capital.

If crypto were all speculation without any real value behind the business models, wouldn't the smart money stay away?

Well not everyone shares my opinion obviously. I get the purpose of btc, and I understand it never inflation due to the scarcity of the coins, but the volatility caused by its scarcity is what makes it a terrible currency. Imagine a world with everything used btc as transaction. It will decrease the viscosity of money dramatically as no one wants to part with it as it increases in value daily. A little dose of inflation is what keeps the economy going. It forces you to buy today before its more expensive tomorrow as your purchasing power reduces. Now if your purchasing power increases daily, then no one wants to buy ever.

[james.hendrickson]

Well not everyone shares my opinion obviously. I get the purpose of btc, and I understand it never inflation due to the scarcity of the coins, but the volatility caused by its scarcity is what makes it a terrible currency. Imagine a world with everything used btc as transaction. It will decrease the viscosity of money dramatically as no one wants to part with it as it increases in value daily. A little dose of inflation is what keeps the economy going. It forces you to buy today before its more expensive tomorrow as your purchasing power reduces. Now if your purchasing power increases daily, then no one wants to buy ever.

Wait...so basically you're saying cryptocurrencies aren't a reliable store of value, right? And because that's the case, their impact on consumer behavior is unhealthy?

[disneysteve]

Well not everyone shares my opinion obviously. I get the purpose of btc, and I understand it never inflation due to the scarcity of the coins, but the volatility caused by its scarcity is what makes it a terrible currency. Imagine a world with everything used btc as transaction. It will decrease the viscosity of money dramatically as no one wants to part with it as it increases in value daily. A little dose of inflation is what keeps the economy going. It forces you to buy today before its more expensive tomorrow as your purchasing power reduces. Now if your purchasing power increases daily, then no one wants to buy ever.

Or it could be worth 50K one week and 30K a couple of weeks later.

[Singuy]

Wait...so basically you're saying cryptocurrencies aren't a reliable store of value, right? And because that's the case, their impact on consumer behavior is unhealthy?

It's a niche store of value as much as white paint splashed on a canvas that auctioned off for 2 million dollars. But no one tries to make a point using art to democratize currency..lol.

[corn18]

I did learn that all blockchains are not created equal. The blockchain that bitcoin uses is very primitive and carries an enormous amount of overhead. When all bitcoin are mined, a single BTC transaction could take minutes to complete. Imagine that times a billion BTC transactions a day.

But there are new blockchains coming out every day that are much more efficient. I would be investing in whatever companies support blockchain technology, which is pretty much every chip maker out there that isn't a dinosaur. I really like the idea of getting rid of central "banking" in all transactions. If someone found a way to hack Fidelity and shut down their brokerage system, I would be instantly broke. Shutting down a pipeline sucked, but freezing everyone's money would be catastrophic. Especially if it disappeared forever. With blockchain, that is simply not possible to do. I think the crypto currency is just a drop in the bucket that has everyone's attention. The real benefits are just now getting started.

[Singuy]

I did learn that all blockchains are not created equal. The blockchain that bitcoin uses is very primitive and carries an enormous amount of overhead. When all bitcoin are mined, a single BTC transaction could take minutes to complete. Imagine that times a billion BTC transactions a day.

But there are new blockchains coming out every day that are much more efficient. I would be investing in whatever companies support blockchain technology, which is pretty much every chip maker out there that isn't a dinosaur. I really like the idea of getting rid of central "banking" in all transactions. If someone found a way to hack Fidelity and shut down their brokerage system, I would be instantly broke. Shutting down a pipeline sucked, but freezing everyone's money would be catastrophic. Especially if it disappeared forever. With blockchain, that is simply not possible to do. I think the crypto currency is just a drop in the bucket that has everyone's attention. The real benefits are just now getting started.

I think large institutions should overhual their infrastructure by converting to blockchain. Currently it's just a popularity contest. I feel like all the coins are tables set up at the science fair trying to get first place.

[Scallywag]

I still think crypto is speculation cancer and I would call it the original meme investment before GME and AMC.

Yet Cathy Woods is piling on it, claiming an eventual $500K price target on BTC.

BTW, if last year wasn't a "bull market" (per you) or the years from 2016 to 2020 were not (when ARK funds' returns were spectacular), then when would be a bull market? That's a serious question. I am not trying to be sarcastic.

[LivingAlmostLarge]

Yet Cathy Woods is piling on it, claiming an eventual $500K price target on BTC.

BTW, if last year wasn't a "bull market" (per you) or the years from 2016 to 2020 were not (when ARK funds' returns were spectacular), then when would be a bull market? That's a serious question. I am not trying to be sarcastic.

She's not the only one about BTC. I don't get it at all and it's based on nothing yet here it is not crashing and only going up

[Singuy]

Yet Cathy Woods is piling on it, claiming an eventual $500K price target on BTC.

BTW, if last year wasn't a "bull market" (per you) or the years from 2016 to 2020 were not (when ARK funds' returns were spectacular), then when would be a bull market? That's a serious question. I am not trying to be sarcastic.

ARK Fund went into hyperdrive mode during the great tech rally due to covid crash. They picked the right companies that usually would get crushed harder when the s&p crashed 30% in a matter of 3 weeks. I'm just saying it's a bull market for her but not for everyone specifically in 2020. I would say ARK invest did poorly in some years like 2018. But it's a fund that find weakness and bets big so you expect some boom and bust. Bull and bear market doesn't have much influence on arkk.

Oh and also I don't agree with half of the companies ark invest in including btc though it has paid off for her. Many things I rather not risk my money in doesn't mean they wouldn't do well.

[jeffmem]

What the hell happened to FVVR today? My God, down $48 even before the market opens!!! I am guessing it was there earnings reported released last night or today and it wasn't good. Wow.... Terrible

[kork13]

What the hell happened to FVVR today? My God, down $48 even before the market opens!!! I am guessing it was there earnings reported released last night or today and it wasn't good. Wow.... Terrible

Wow!!! If this isn't a vast over-reaction to the earnings report & forecast, I don't know what is. I went ahead & put in an order for a few more shares at $175 (went through within minutes), and I added another couple orders at even lower prices, just in case the panic goes even further. No complaints from me. I'll sit & hold it for a good long while.

[james.hendrickson]

From SF Gate - they had a bad quarter.

Fiverr: Q2 Earnings Snapshot

Aug. 5, 2021
TEL AVIV, Israel (AP) _ Fiverr International Lt. (FVRR) on Thursday reported a loss of $13.3 million in its second quarter.

The Tel Aviv, Israel-based company said it had a loss of 37 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 19 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.

The online marketplace for freelance services posted revenue of $75.3 million in the period.

For the current quarter ending in October, Fiverr said it expects revenue in the range of $68 million to $72 million.

The company expects full-year revenue in the range of $280 million to $288 million.

Fiverr shares have climbed 18% since the beginning of the year. The stock has more than doubled in the last 12 months.

_____

Source: SFGate.