Hi, I am planning to buy $27000 worth of nio stocks on Monday. Also there is hype about Ethereum crossing $2000+ soon by end of feb March. Should I invest in Nio or Ethereum?
Farmers market?
Neither of these is a safe bet! :P just pointing that out
Seriously. EV stocks are way overvalued. If you want to invest in EVs, invest in PBW, which will give you some EV exposure, but keep you diversified across clean energy.
Dude. Huge risk to invest in Nio now.
What makes you think so?
The valuation. It’s valued at almost 100B. To put this in perspective this is the same valuation as Uber. Look into the revenue info and you’ll see why that’s a problem.
SPY or QQQ
Ethereum is likely to pump harder. Smaller market cap, CME futures launching in feb, EIP 1559 this year, growing institutional interest
i really don’t think buying on Monday is smart. The price already went up a lot due to nio day and there was really no additional surprise yesterday that would make people go insanely crazy. Minor correction should take place. Though if long term I guess doesn’t matter too much
Both risky, but I'd go w nio
Even I would bet on $nio
ETH at this point would be the safer option IMO. Nio is already at 100b
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Where do buy nio from ? Do u use binance or other trading platform ?
NIO is on the NYSE. Its a car company not a cryptocurrency
It’s the Chinese Tesla