Submitted by teewelk t3_yi2qqr in wallstreetbets
monkeyStinks t1_iugzoy1 wrote
Its not all imaginary lines we draw on a chart, nvidias profits are sinking due to crypto, their growth was pretty much fuelled by miners so what nvidia stock will do is largely dependant on what crypto will do.
teewelk OP t1_iuh04og wrote
Yeah btc and eth are showing similar setups.
w4rr4nty_v01d t1_iuh7k2o wrote
Eth 2.0 is proof of stake now. That's decoupling it from nvda. It's still fueled by machine learning, online service and gaming industry though. Definitely want to get in there again at some point. But I think it can get lower first.
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