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UnfurledSails posted:Oh god it's a long weekend isn't it? And we're already at bitcoin chat on Saturday. gently caress The only reason a small part of my portfolio is crypto is so I can have some number changing on the weekend
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Feb 14, 2021 00:52
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Shammypants posted:The only reason a small part of my portfolio is crypto is so I can have some number changing on the weekend me rn: 
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Feb 14, 2021 01:02
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crazypeltast52 posted:It is just a question of throwing resources at tracking it. The number of bitcoin transactions per second is a fixed quantity and tracking it gets cheaper as processing capability improves. That no one has done the work to connect the dots yet doesn't mean that no one will or that the problem is unsolvable, especially as the dollar amounts increase. Sure I can see that, with an extreme amount of resources you could for sure draw connections, but you’d probably need at least one known wallet address of whoever someone is sending coin to in order to trace it to like, whatever drug dealer or like an actual person. The transactions themselves are obviously traceable but figuring out the real world owner of any given wallet would require another piece of information, in my mind. But yeah whoever posted about the ridiculous transaction processing time that will only increase the longer the transaction history gets is correct in how that alone will prevent it from being anything other than a commodity you can use to buy drugs or gamble online.
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Feb 14, 2021 01:24
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So say if I purchased a stock at $100 per share and it rose to $120. If I put in a 10% stop limit then it is impossible for me not to make money correct? Like even if there was an economic collapse, ala 2008, the share price wouldn't drop $20 in one second. Or am I missing something here?
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Feb 14, 2021 01:25
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I wonder if this is why ARKG has been buying RHHBY lately: Genentech Could Regain the Blindness-Related Disease Market with New Treatment | BioSpace
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Feb 14, 2021 01:27
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punk rebel ecks posted:So say if I purchased a stock at $100 per share and it rose to $120. It very easily can drop that much that fast.
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Feb 14, 2021 01:28
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punk rebel ecks posted:So say if I purchased a stock at $100 per share and it rose to $120. In theory yes. The stock can rip down past your limit order. You also need a buyer on the other side.
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Feb 14, 2021 01:29
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Everyone is right but even Lehman Bros took a few days to drop.
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Feb 14, 2021 01:57
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punk rebel ecks posted:So say if I purchased a stock at $100 per share and it rose to $120. What others have said, plus limit is specific only to the price you set. Even a reasonable stop limit might not execute at all. Stop order is the more pragmatic "just sell after a certain point for whatever's available" ability. (I hesitate to use the word "option" in a stock trading thread)
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Feb 14, 2021 02:10
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Back on stocks chat, I'm absolutely furious at Robinhood. I had some $1.50 calls on SNDL expiring on 2/12. I didn't sell the options because Robinhood TOS says they'll either sell an hour before close or they'll exercise automatically. Come close of market, RH marked them as expiring worthlessly. I emailed support and they said the calls closed Out of The Money. WTF? SNDL was never below $1.95 all day. Also I had enough cash in my account to exercise all the contracts so I have no clue what happened. Any suggestions other than switch from RH to another broker?
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Feb 14, 2021 02:11
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Baddog posted:We are lucky to live in a country where "ink on paper" is relatively strong. Most people do not. Bitcoin was created to take governments and banks out of the equation, and it does it kind of brilliantly. Bitcoin does not take government or banks out of the equation in any way, shape or form. If you think that, you don't understand government, banks or currency. Or power. Bitcoin does not make agreements and obligations stronger than ink on paper, it just makes them more permanently recorded on computers. It doesn't help the delivering party to deliver and it doesn't help the receiving party chase the non-deliverer down. It all smacks of typical libertarian chatter which doesn't really understand how much the society they despise really helps them. If the seller doesn't deliver, then what? Is there a court of arbitration upon the summit of Mt Gox? It's either Mad Max rule of violence or it's sue them in Normal Society. I like the latter, it's a well evolved form of organization that beats anything else, even though it sucks. About mixers, the ledger is completely deterministic but hidden, so the destination of the coins is knowable as fast as the mixer can mix. The problem is finding out who the person behind it is. Bitcoin isn't so open that it just tells you the name, but it's permanent and deterministic enough that you can put the pieces together, sooner or later.
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Feb 14, 2021 02:13
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punk rebel ecks posted:So say if I purchased a stock at $100 per share and it rose to $120. Lol where are you finding these? WSB right?
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Feb 14, 2021 02:36
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Space Fish posted:What others have said, plus limit is specific only to the price you set. Even a reasonable stop limit might not execute at all. Stop order is the more pragmatic "just sell after a certain point for whatever's available" ability. ohnobugs posted:In theory yes. The stock can rip down past your limit order. You also need a buyer on the other side. Sorry, I meant to use Stop Order instead of Stop Limit in my example. So if that $100 turned into $200, and I put a stop order for say $150, the stock could rip past the $150 and go to say $80 and I can still lose money?
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Feb 14, 2021 02:46
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I'm really tempted to triple down on CCIV on Tuesday. I heard a lot of big investment companies just hopped on board on Friday. Like 23 bought in, 2 left according to one of the investors I watch on Youtube. Google isn't helping me confirm this though. Is there a website where you can see the stats of what the hedge funds are buying?
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Feb 14, 2021 02:46
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Yomofo717 posted:I'm really tempted to triple down on CCIV on Tuesday. I heard a lot of big investment companies just hopped on board on Friday. Like 23 bought in, 2 left according to one of the investors I watch on Youtube. Google isn't helping me confirm this though. Is there a website where you can see the stats of what the hedge funds are buying? Does this help? https://fintel.io/so/us/cciv
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Feb 14, 2021 03:02
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punk rebel ecks posted:Sorry, I meant to use Stop Order instead of Stop Limit in my example. You should learn the difference between a trailing stop market order and trailing stop limit order. TLDR: If the stock in question is very liquid I'd just use a trailing stop limit order. In your example once you hit $200 and it starting falling to $150, your going to get a sell at best $150, at worst $80 IF you have a limit order set and the stock is illiquid. Also anything going from $200 down to $80 in a very quick fashion will probably be halted along the way slowing the descent. Good example why shorting is important in the stock market. It injects liquidity into socks on the way down slowing the descent due to buying to cover. Joink fucked around with this message at 03:30 on Feb 14, 2021 |
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Feb 14, 2021 03:25
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mightygerm posted:Does this help? https://fintel.io/so/us/cciv Thank you sir. You nailed it. I think this was the exact website he used in his video.
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Feb 14, 2021 03:35
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mightygerm posted:Does this help? https://fintel.io/so/us/cciv Oh God, at least 2 pension funds bought into this on Friday. Really hoping they don't get burned.
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Feb 14, 2021 03:43
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Any pension funds bought bitcoin yet?
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Feb 14, 2021 03:46
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Joink posted:You should learn the difference between a trailing stop market order and trailing stop limit order. TLDR: If the stock in question is very liquid I'd just use a trailing stop limit order. I see. So it's unlikely that the stock will fall down that fast due to halts? Also is this just as likely to occur with something less volatile like ETFs?
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Feb 14, 2021 04:13
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punk rebel ecks posted:So say if I purchased a stock at $100 per share and it rose to $120.
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Feb 14, 2021 04:21
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punk rebel ecks posted:I see. So it's unlikely that the stock will fall down that fast due to halts? Index funds are not going from $200 to $80 in a few minutes. Stocks the see very high dumps....your not looking at. I'm talking stocks with a float under 5million, day traders dream. A stop limit market order at $150 with an index fund, at worst you sell at maybe $149.50.
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Feb 14, 2021 04:26
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Uranium 235 posted:yeah i think the groupthink about bitcoin on SA has just never really updated. the "you can't get your money out" thing used to be true about bitcoin but it hasn't been true since 2017 at the latest That’s true of just about every topic on SA these days, dead gay forums etc
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Feb 14, 2021 04:37
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Supposing you’re optimistic about COVID vaccines being available to the gen pop by April what trades do you like? Think I’m rolling out of my REITs that are up 100%+ and into AAL and CCL for a reopening trade
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Feb 14, 2021 04:40
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Uranium 235 posted:it's possible but not likely. for instance, stop orders can't execute outside of normal market hours. if the stock is at $120 and has a horrible earnings report or there's some kind of government investigation into the company that's announced when the market is closed, the stock could open below the price where your stop limit would execute. again, not likely... but technically possible This is a good point. Thank you. Joink posted:Index funds are not going from $200 to $80 in a few minutes. Stocks the see very high dumps....your not looking at. I'm talking stocks with a float under 5million, day traders dream. I see. When I refer to ETFs I'm referring to stuff like ARKK, YOLO, or BETZ.
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Feb 14, 2021 05:10
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paternity suitor posted:Supposing you’re optimistic about COVID vaccines being available to the gen pop by April what trades do you like? Think I’m rolling out of my REITs that are up 100%+ and into AAL and CCL for a reopening trade I think we probably won’t see a majority of the population vaccinated until at least August. That being said, I bought a bunch of SAVE this last week and am still sitting on AAL from about three months ago. I think that honestly casinos and booze are going to do very well on the rebound, but I’ve not researched enough to be confident in any picks yet.
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Feb 14, 2021 05:12
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What happened to the goon who was shorting casinos last year? I recall he made a bunch of other goons happy by predicting a CZR crash to 3$ (it's now 80$ lol)
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Feb 14, 2021 05:17
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UnfurledSails posted:What happened to the goon who was shorting casinos last year? I recall he made a bunch of other goons happy by predicting a CZR crash to 3$ (it's now 80$ lol) CZR and PENN both have done ridiculously. Wish I had bought back then, but hindsight etc. MGM is the only thing I’ve got my eyes on right now.
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Feb 14, 2021 07:44
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GoGoGadgetChris posted:Ephedrine rules and I strongly suggest everyone take it with a big ol cup of coffee every morning It makes me irrationally angry. I have both pseudo and actual ephedrine on hand, and I prefer the pseudo.
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Feb 14, 2021 08:44
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https://www.iflscience.com/technology/bitcoin-mining-now-uses-more-electricity-than-argentina/ Man...
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Feb 14, 2021 11:45
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Tetramin posted:Bitcoin is insane, but the stuff I see goons who still like to post in bitcoin mock threads think their critiques from 2011 are still true. Don’t get me wrong it’s stupid as hell but a weird thing to fixate on Yeah, crypto is stupid as hell, but that GBS thread is even worse. They literally just post there to hate on it and don't really have any interest in discussing it at all.
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Feb 14, 2021 11:46
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java posted:I think we probably won’t see a majority of the population vaccinated until at least August. That being said, I bought a bunch of SAVE this last week and am still sitting on AAL from about three months ago. I think that honestly casinos and booze are going to do very well on the rebound, but I’ve not researched enough to be confident in any picks yet. I may just go with the JETS ETF If Fauci and Gottlieb are more or less accurate and those who want the vaccine all have it by April, then the game becomes convincing those who are skeptical. I think summer vacations and vaccine passports will go a long way to convincing those types to get it early enough to be able to travel and attend events
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Feb 14, 2021 15:29
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I have a lot of issues with Bitcoin but one of the main ones is that it's really hard to get any sort of reasonable analysis on it that isn't just psycho-nonsense. It's kind of like trying to read about gold but all you get are gold-bugs. At its core, Bitcoin was meant to be a political statement and it's pretty hard to get past that. Like the whole point was that fractional reserve banking was too volitile which I find to be a really astounding lack of understanding of the history of monetary economics. But I'll get back to my greater point you have to basically wade through the Dunning-Kruger version of the Venture Capitalists congratulating themselves twitter feed in order to find anything useful and even then the sample size as far as our time series is concerned is extremely small, even by contemporary standards. And even then it's all just ones and zeros. The only thing it can claim to be is just a manifestation of wasted energy. I hope I've made my point that I find the whole exercise in theory and practice to be morally and practically loathesome. However, there are very clear patterns that can be exploited, in my opinion. I think that over the next year or so the price of bitcoin will rise to roughly 100-120k. Basically companies will have boardrooms of people shrieking about how other companies are buying bitcoin and they should too. And there will probably be a bitcoin ETF. Then I think there will be some sort of exogenous event (like Mt. Gox getting hacked) and the price will drop by two orders of magnitude over 6 months or so. I imagine this will almost certainly have something to do with Tether. I think it's easy to joke about Bitcoin being a scam or whatever, but Tether is either an insane fraud or one of the craziest money-laundering situations out there. And it is basically backing up the bulk of Bitcoin's price at this point. Anyway, I am long MSTR/RIOT/MARA and I decided I'm giving the profits of whatever happens to some sort of climate change action funds.
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Feb 14, 2021 15:43
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Nothing is going to do more for the legitimacy of Bitcoin than when a bunch of S&P companies buy at $120,000 and hold $5 billion each in their treasury, then it crashes back to $12,000, so either the Fed has to set up a special purpose pog buying vehicle to prop up the price so no one has to take the loss or regulators will have to tell companies to mark it at 10 times the market price. Maybe both!
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Feb 14, 2021 17:26
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CompeAnansi posted:Yeah, crypto is stupid as hell, but that GBS thread is even worse. They literally just post there to hate on it and don't really have any interest in discussing it at all. I don’t understand most of it, I just throw some profits into it each year and it doubles my money. If people hate free money than they can hate. I threw several hundred into VET, a coin I know nothing about and don’t care about and I am 20% up now. Probably will be 5x by the time I exit. Maybe I lose it all. Not much different than gambling on NAK. There are probably two camps of frothing at the mouth crypto haters.. those who focus on the use cases of coins and think it’s overblown (or unsafe, and easy to hack or manipulate) and those that just missed out making money. There’s probably some crossover too but two camps seems fair.
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Feb 14, 2021 19:32
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Anyone have a Charles Schwab offer/referral code? I’m about to open an account and someone might as well benefit from it.
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Feb 14, 2021 19:36
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java posted:CZR and PENN both have done ridiculously. Wish I had bought back then, but hindsight etc. MGM is the only thing I’ve got my eyes on right now. I bought the dip on 3/18/20 and loaded up on cruises, casinos, airlines, banks, spy, Disney, etc. the worst performers are carnival and Norwegian, up 26% and 30.7%, respectively. My MGM holdings are up 85% but the stock is already higher than it was trading just before covid. The cruises are still down 50% or more from pre covid levels and I feel they have way more upside. Hell they haven’t even starting cruising again in the US. Soon as it opens they’ll pop. Also lol, just realized my best performer is Ally which is up 120% since March/April. I simply bought blue chips that were down huge from the covid crash with no real long term risk from covid except the cruise and airlines. Up 93% overall since the crash.
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Feb 14, 2021 19:36
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RCarr posted:Anyone have a Charles Schwab offer/referral code? I’m about to open an account and someone might as well benefit from it. I have one, but as far as I know the benefits go to the person initiating the new account. I do not believe they have any rewards for the person giving the referral. In any case you're welcome to use mine. http://www.schwab.com/public/schwab/nn/refer-prospect.html?refrid=REFERK6A4ZTMN
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Feb 14, 2021 19:39
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flowinprose posted:I have one, but as far as I know the benefits go to the person initiating the new account. I do not believe they have any rewards for the person giving the referral. Alright, I’ll give it a try, thanks!
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Feb 14, 2021 19:44
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Shammypants posted:I don’t understand most of it, I just throw some profits into it each year and it doubles my money. If people hate free money than they can hate. I threw several hundred into VET, a coin I know nothing about and don’t care about and I am 20% up now. Probably will be 5x by the time I exit. Maybe I lose it all. Not much different than gambling on NAK. You are missing out on the people that hate it because of the insane amount of energy it uses.
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Feb 14, 2021 19:55
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