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Josh Lyman posted:I'm gonna do it. I'm gonna touch the poop and buy some GBTC tomorrow. Not a bad day apparently if you actually did it.
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Aug 16, 2017 19:54
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GBTC isn't creating new shares and has like an 80-some percent premium to the underlying bitcoins. It's applied for NYSE listing for January I think, decision due in a month or two, and if that happens it'll be diluted down to NAV like instantly if the system works and bitcoins are liquid enough, but they aren't.
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Aug 16, 2017 21:04
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It hitting NAV would be a good thing for everyone, but the owners. Looking into it I think each share is worth about .10 of a bit coin so it's actually trading at almost a 200% premium. You'd think it would plummet eventually, but they're the only game in town to invest in BTC on the market so even if they release new shares it might not affect anything until another player comes in.
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Aug 16, 2017 21:08
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Solice Kirsk posted:Not a bad day apparently if you actually did it. I was looking at my portfolio around 9:30am and forgot. This is gonna be my new NFLX.
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Aug 17, 2017 00:25
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A company (even a company that loses a ton of money) like NFLX has at least some toe hold in reality, whatever cryptocoin "instrument" that is hip this week does not.
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Aug 17, 2017 02:19
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I exited BABA today, in 156, out 166. Anyone going into XIV bmc? I'm very tempted e: INTC dropping info on their 8th Gen on Monday, AMD bulls be cautious Risky Bisquick fucked around with this message at 20:47 on Aug 17, 2017 |
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Aug 17, 2017 20:42
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I was in and out of UVXY a few times today, just going to sit back and watch the last 15 mins.
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Aug 17, 2017 20:44
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Have about 3k worth of XIV right now. I bought after the NK dip and planned to hold until $90. Hell of a day today but took it as an opportunity to average down quite a bit. Should be exciting to hold over the weekend! Hopefully the cheeto can remain calm, but he seems to be spiraling out of control more quickly than usual. Fortunately sold off an ATVI call for about 40% gain yesterday. Now bagholding a HD call with a Sep 15 expiry. Bought SPY calls at EOD with expiry next week, gambling on a gap up on Monday if the weekend is uneventful.
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Aug 17, 2017 21:18
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Tell me why long LB at these levels is a bad idea. 6-7% dividend, and margins should improve just cycling out of lovely products and promotions.
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Aug 17, 2017 21:39
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Well that was exciting. Thankfully I have been slowly taking gains and rotating more into cash over the past couple months. Happy I did. Cheesemaster200 fucked around with this message at 23:23 on Aug 17, 2017 |
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Aug 17, 2017 22:39
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juicy candle today. look at below  
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Aug 18, 2017 04:21
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Jack Daniels posted:juicy candle today. look at below Everyone in the Stock Trading Megathread after sweet red candle: "Nothing Happened" https://www.youtube.com/watch?v=hE0nRy_Wato&t=74s
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Aug 18, 2017 04:23
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So what's happening now to freak everyone out? I thought the NK stuff was over since China stepped in.
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Aug 18, 2017 15:23
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Seems like a normal Friday, take some profits well apart from SNAP being pinned or something
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Aug 18, 2017 15:25
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Jack Daniels posted:Everyone in the Stock Trading Megathread after sweet red candle: lol
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Aug 18, 2017 15:55
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nasty rear end day and year for Foot Locker FL insiders already sold tho lmao  http://www.finviz.com/screener.ashx?v=341&t=FL&ta=0 http://www.finviz.com/quote.ashx?t=FL&ty=c&p=d&b=1
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Aug 18, 2017 16:08
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I think cryptocurrency is trying to seduce me with its siren's call, but Vanguard is still my bae.
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Aug 18, 2017 22:10
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I touched the poop, swapped my AMZN for GBTC. I don't usually use stops but I think I'm gonna have to put a 10% limit in place.
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Aug 18, 2017 23:18
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Josh Lyman posted:I touched the poop, swapped my AMZN for GBTC.  Though ARKW keeps tossing more and more into it so I'm sort of in the same boat as you.
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Aug 19, 2017 00:35
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GBTC http://stockcharts.com/h-sc/ui?s=GBTC&p=D&b=5&g=0&id=p02306971394 
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Aug 19, 2017 00:39
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visual
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Aug 19, 2017 00:40
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BITCF quite a move(s) lately. but so goddamn sketchy  OTC   OTC
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Aug 19, 2017 00:43
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My big hangup with GBTC is the premium it's trading for. And the potential for a massive sell off if new shares are introduced or another option for crypto becomes available in the market.
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Aug 19, 2017 00:46
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Bollinger bands ftw
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Aug 19, 2017 02:16
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fougera posted:Tell me why long LB at these levels is a bad idea. 6-7% dividend, and margins should improve just cycling out of lovely products and promotions. Then again I keep holding CTL as a small dog hoping the blood will stop so 
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Aug 19, 2017 03:38
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Who's going to be the first successful internet investor man ITT to buy options in a Bitcoin based fund? I believe in you don't let me down
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Aug 19, 2017 14:03
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I'd rather write them; I'd expect IV to be huge.
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Aug 19, 2017 15:05
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I think you're 90% joking but geez if this thread devolves into yet another lovely internet community that talks about bitcoin I think I'm just done. Can you still ban yourself with those thread tags? I'm not saying this to try and shape anyone's behavior, seriously I'm not, just willingly giving this option to any forum user if they are sick of me this is guaranteed to make me go away forever. It's like everyone has mod power now, at least over my dumb rear end in this dumb thread.
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Aug 19, 2017 18:09
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Where's the steam market TA thread? I know there are crazy goons playing with that and I want to hear funny stories
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Aug 19, 2017 18:11
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Pryor on Fire posted:I think you're 90% joking but geez if this thread devolves into yet another lovely internet community that talks about bitcoin I think I'm just done. Can you still ban yourself with those thread tags? I'm not saying this to try and shape anyone's behavior, seriously I'm not, just willingly giving this option to any forum user if they are sick of me this is guaranteed to make me go away forever. It's like everyone has mod power now, at least over my dumb rear end in this dumb thread.
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Aug 19, 2017 18:36
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Pryor on Fire posted:I think you're 90% joking but geez if this thread devolves into yet another lovely internet community that talks about bitcoin I think I'm just done. Can you still ban yourself with those thread tags? I'm not saying this to try and shape anyone's behavior, seriously I'm not, just willingly giving this option to any forum user if they are sick of me this is guaranteed to make me go away forever. It's like everyone has mod power now, at least over my dumb rear end in this dumb thread. Anytime you start to fear people are taking cryptocurrency seriously, cleanse your spirit in the healing waters of YOSPOS and all will be forgiven
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Aug 19, 2017 19:01
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Pryor on Fire posted:I think you're 90% joking but geez if this thread devolves into yet another lovely internet community that talks about bitcoin I think I'm just done. Can you still ban yourself with those thread tags? I'm not saying this to try and shape anyone's behavior, seriously I'm not, just willingly giving this option to any forum user if they are sick of me this is guaranteed to make me go away forever. It's like everyone has mod power now, at least over my dumb rear end in this dumb thread. No, you're 100% right and the bitcoin communities are almost universally insufferable. I won't even joke about it going forward.
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Aug 19, 2017 19:01
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Dalrain posted:So what's happening now to freak everyone out? I thought the NK stuff was over since China stepped in. Pres T lost all his CEO advisory boards, that's just reality setting in on corporate tax reform
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Aug 19, 2017 19:07
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I like Bitcoin, but if you are buying GBTC you are dumb as gently caress.
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Aug 19, 2017 20:23
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greasyhands posted:I like Bitcoin, but if you are buying GBTC you are dumb as gently caress.
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Aug 19, 2017 20:28
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Josh Lyman posted:Why? In the last month, BTC is up 78.8% and GBTC is up 81.4%. That's not too bad tracking error. A share of GBTC has an objective value- 1/10 of a Bitcoin (there's a 2 percent annual fee that will erode this ratio over time but I DIGRESS). It is currently priced wildly higher than that because reasons. It's nothing but a time bomb, and if you want to play Bitcoin why not just buy some at coinbase or gemini? Why buy an instrument that is very nearly 100% overvalued? You are literally buying $1 for $2. greasyhands fucked around with this message at 22:45 on Aug 19, 2017 |
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Aug 19, 2017 22:40
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greasyhands posted:A share of GBTC has an objective value- 1/10 of a Bitcoin (there's a 2 percent annual fee that will erode this ratio over time but I DIGRESS). It is currently priced wildly higher than that because reasons. It's nothing but a time bomb, and if you want to play Bitcoin why not just buy some at coinbase or gemini? Why buy an instrument that is very nearly 100% overvalued? You are literally buying $1 for $2.
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Aug 19, 2017 23:53
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I checked the websites of the bitcoin exchanges and all the ones that are still open say they're not fraud so you should be ok to go ahead.
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Aug 20, 2017 01:12
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Tokyo Sex Whale posted:I checked the websites of the bitcoin exchanges and all the ones that are still open say they're not fraud so you should be ok to go ahead. Lol
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Aug 20, 2017 01:41
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Josh Lyman posted:Is there any risk of an exchange like Coinbase getting seized/shut down like what happened to Mt. Gox and BTC-E? That put me off bitcoin for a while, missing out on the biggest gains. https://www.bitfinex.com/posts/203
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Aug 20, 2017 01:58
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