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Yeah agree that other commodities are equally “useless” but as you pointed out they developed over the history of civilization because at one point they fit the bill. Just the right amount of scarcity plus a certain durability. Gold made sense a long time ago and now it’s almost ingrained in our DNA. Bitcoin is loving stupid and while I’m sure people will make money, people will lose an equal amount because it doesn’t generate any money, as it’s pure speculation. If you make $100k someone will lose $100k eventually when it pops. There will be suicides shared online when it happens.
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Dec 20, 2017 19:21
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Can't wait for the blockchains to take up ~50% of any reasonably sized hard drive Can't wait for the markets to go even more topsy-turvy if there's ever an internet/power blackout for an extended period in a metro area
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Dec 20, 2017 19:29
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paternity suitor posted:Yeah agree that other commodities are equally “useless” but as you pointed out they developed over the history of civilization because at one point they fit the bill. Just the right amount of scarcity plus a certain durability. Gold made sense a long time ago and now it’s almost ingrained in our DNA. It's already happened in previous bubbles. And some people have killed themselves because they lost their wallets years ago and now that lost BTC is worth something.
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Dec 20, 2017 19:29
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i want to eat ribs MYO  in 3.40 swing gogogogogo https://www.finviz.com/screener.ashx?v=341&t=MYO https://www.finviz.com/screener.ashx?v=341&t=MYO&ta=0
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Dec 20, 2017 19:30
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The fungibility of bitcoins is pretty valuable, as you can buy coins for yuan, print out your wallet if you are scared of your emails being intercepted, and take it to somewhere that it can be sold for dollars. If China makes it easier for yuan to leave though, it could be bad for bitcoin.
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Dec 20, 2017 20:25
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So again, bitcoin is only useful for doing otherwise illegal things
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Dec 20, 2017 21:07
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Triglav posted:Bitcoin is the cost of a number of kilowatt hours in your local currency. Yah and also the amount junkies want to pay for untraceable drug
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Dec 20, 2017 21:30
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paternity suitor posted:So again, bitcoin is only useful for doing otherwise illegal things Not really, bitcoin is not anonymous, it's slow and has high fees. If you want to do anything besides hold bitcoin like an idiot you're better off converting it to another cryptocurrency that's actually useable.
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Dec 20, 2017 21:49
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Any of y'all have monthly dividend stocks that you like? - I don't like Bitcoin at this point. Its competitors on the other hand seem much more able to handle the load.
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Dec 20, 2017 22:00
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Jamfrost posted:Any of y'all have monthly dividend stocks that you like? $GAIN EDIT: Not monthly, but I've been watching $CTL lately. It's been a bit beat up the past few months so the yield is pretty high right now (~12%). I got in some earlier this week, hoping for a bounce back in the price. jvick fucked around with this message at 01:56 on Dec 21, 2017 |
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Dec 20, 2017 22:26
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Jamfrost posted:Any of y'all have monthly dividend stocks that you like? You can also look at DIVB which is an new etf that holds companies likely to do buybacks as well as pay dividends but it's quarterly.
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Dec 20, 2017 22:32
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Thanks to ya two. I'll take a look at all of those.
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Dec 20, 2017 23:11
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treerat posted:Not really, bitcoin is not anonymous, it's slow and has high fees.
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Dec 21, 2017 00:37
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Jamfrost posted:Any of y'all have monthly dividend stocks that you like? There's a lot of good ones.
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Dec 21, 2017 02:32
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The cool thing about this rally is there is a ton of money going into tech stocks that don't pay dividends in the blind faith that the companies will reinvest the excess capital into technological improvements that will never exist. And so a lot of traditional companies that have nothing to do with that smartly give out their excess capital back to investors. They are well managed and will survive the upcoming bear market.
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Dec 21, 2017 02:38
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treerat posted:Not really, bitcoin is not anonymous, it's slow and has high fees. If you want to do anything besides hold bitcoin like an idiot you're better off converting it to another cryptocurrency that's actually useable. If you make your own wallet and transact in parking lots, it's pretty anonymous.
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Dec 21, 2017 02:48
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vaginal facsimile posted:The cool thing about this rally is there is a ton of money going into tech stocks that don't pay dividends in the blind faith that the companies will reinvest the excess capital into technological improvements that will never exist. And so a lot of traditional companies that have nothing to do with that smartly give out their excess capital back to investors. They are well managed and will survive the upcoming bear market. Stop stealing my investment thesis! Even my weed stock pays dividends!
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Dec 21, 2017 02:51
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vaginal facsimile posted:The cool thing about this rally is there is a ton of money going into tech stocks that don't pay dividends in the blind faith that the companies will reinvest the excess capital into technological improvements that will never exist. And so a lot of traditional companies that have nothing to do with that smartly give out their excess capital back to investors. They are well managed and will survive the upcoming bear market.
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Dec 21, 2017 02:55
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crazypeltast52 posted:Stop stealing my investment thesis! Even my weed stock pays dividends! What's a good Canadian weed stock, I wanna buy some before they legalize.
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Dec 21, 2017 08:27
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duh qyld is where its at. gimme dat sweet .6% monthly!
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Dec 21, 2017 14:51
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I’m glad I bought PCG at $55 I guess now I can double down at $40 
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Dec 21, 2017 16:08
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treerat posted:What's a good Canadian weed stock, I wanna buy some before they legalize.   
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Dec 21, 2017 16:34
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treerat posted:What's a good Canadian weed stock, I wanna buy some before they legalize. https://www.reddit.com/r/weedstocks/ I own CVE:MJN and TSE:WEED, you can also look at comparable companies, I'd honestly say the ones under 500m CAD in market cap to capitalize on the M&A potential.
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Dec 21, 2017 16:38
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Welp after reading this I officially want all crypto speculators to spend christmas penniless and dying in the frozen streets https://arstechnica.com/tech-policy/2017/12/iced-tea-company-stock-triples-after-adding-blockchain-to-name/
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Dec 21, 2017 17:36
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$24 million iced tea company says it's pivoting to the blockchain, and its stock jumps more than 200% I think I'm going to change my farming corporation to Blockchain Farms Inc and sell it for 250% of what it's worth... 
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Dec 21, 2017 17:44
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jvick posted:$24 million iced tea company says it's pivoting to the blockchain, and its stock jumps more than 200% You don't see it, but let me explain, Iced tea on the blockchain
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Dec 21, 2017 17:47
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RIOT has been a poster child for crypto-mania. http://www.nasdaq.com/symbol/riot/revenue-eps Their 2017 revenue was $72,524.  There are people putting their life savings into things like RIOT stock. People are going to be ruined.
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Dec 21, 2017 18:03
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Greed is a hell of a thing. I wouldn't be able to help myself but rip profits out once it doubled.
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Dec 21, 2017 18:26
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i bet that guy who made 1.3M off gbtc is really happy now he sold at like 3100 and was angry it was still rising  invest in uhh antianxiety meds I guess, pfizer?
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Dec 21, 2017 18:34
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LLCoolJD posted:RIOT has been a poster child for crypto-mania. With this and $GBTC, dare we say the bubble is bursting?
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Dec 21, 2017 18:43
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freezepops posted:I’m glad I bought PCG at $55 Lol what caused the sell off? It had been on my radar to buy but was holding off until the new year
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Dec 21, 2017 19:19
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Did someone buy RAD?
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Dec 21, 2017 19:22
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jvick posted:With this and $GBTC, dare we say the bubble is bursting? Possibly. Overstock (OSTK) is weathering the day better than some of the other stocks out there. Either way, I am steering clear. vaginal facsimile posted:Lol what caused the sell off? It had been on my radar to buy but was holding off until the new year I read something about them suspending their quarterly dividend to assess the fallout from these fires in California.
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Dec 21, 2017 19:25
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treerat posted:What's a good Canadian weed stock, I wanna buy some before they legalize. I'm long TWMJF, ACBFF, APHQF and MEDFF.
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Dec 21, 2017 19:52
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LLCoolJD posted:I read something about them suspending their quarterly dividend to assess the fallout from these fires in California. FWIW There is a constant barrage of ads on the radio from law firms trying to set up a lawsuit against PG&E. Essentially they're blaming them for all the Napa / Sonoma fires due to lack of tree maintenance around power lines. Sounds like it's gaining a bit of momentum. With that said, I don't see them going anywhere. Who would replace them? SMUD I don't think could handle taking over. They just built a $50m gas training facility in our town. Could be a good time to get in.
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Dec 21, 2017 20:05
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e: nm
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Dec 21, 2017 20:12
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treerat posted:What's a good Canadian weed stock, I wanna buy some before they legalize. IIPR is US based and is a REIT that focuses on medicinal marijuana facilities, but probably not volatile enough for true weed stock gambling.
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Dec 21, 2017 21:01
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vaginal facsimile posted:Lol what caused the sell off? It had been on my radar to buy but was holding off until the new year They halted dividends until their liabilities for the recent forest fires is established. Ah gently caress, beaten. Should have refreshed before 
freezepops fucked around with this message at 21:38 on Dec 21, 2017 |
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Dec 21, 2017 21:35
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Looks like it's gonna pop
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Dec 22, 2017 04:51
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Bought SGH today thinking they'd have a good earnings call and yay up 11.5% after hours. This never happens to me so I'm happy 
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Dec 22, 2017 06:09
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