|
Harminoff posted:You are missing out on the people that hate it because of the insane amount of energy it uses. That only applies to proof of work coins, proof of stake coins are designed literally to avoid that downside. Many (most?) of the big market cap altcoins are proof of stake. So you can still be investing in high volatility coins that can 10x your money (or take it to 0) even if you are concerned about energy consumption.
|
#
?
Feb 14, 2021 20:19
|
|
|
|
| # ? Jun 3, 2024 05:34 |
|
|
Harminoff posted:You are missing out on the people that hate it because of the insane amount of energy it uses. You're right, I guess there are Serious Issues on one side, and missed out guys on the other. But not all coins are as environmentally detrimental as BC right? I mean I invest in some shitcoins and altcoins that don't seem to be in the same universe.
|
|
#
?
Feb 14, 2021 20:19
|
|
|
CompeAnansi posted:That only applies to proof of work coins, proof of stake coins are designed literally to avoid that downside. Many (most?) of the big market cap altcoins are proof of stake. So you can still be investing in high volatility coins that can 10x your money (or take it to 0) even if you are concerned about energy consumption. Going off this list: https://coinmarketcap.com/, a handful of the top 20 use PoS, a couple other are some other system, and the rest are PoW. Of course, looking at the top 20 by market cap doesn't mean much because the power is used to generate transactions. By far the most trade volume comes from Tether, which IIRC technically isn't PoW but it relies on the BTC network so I'm counting it. Tether has double the (USD) trade volume of Bitcoin, which has more than double the volume of ETH, which has more than double the volume of Bitcoin cash, which has slightly more volume than Litecoin, and then we get to the non-PoW coins. Moatman fucked around with this message at 21:25 on Feb 14, 2021 |
|
#
?
Feb 14, 2021 21:23
|
|
|
I haven’t followed crypto stuff much for about the past year, but is Tether still constantly printing money? Does anyone actually believe they have the cash reserves to cover that amount?
|
|
#
?
Feb 14, 2021 21:26
|
|
|
tesilential posted: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. I definitely like cruises right now, they seem to still have about 100% upside from their current levels
|
|
#
?
Feb 14, 2021 21:42
|
|
|
paternity suitor posted:I definitely like cruises right now, they seem to still have about 100% upside from their current levels Carnival Downgraded to Sell With 30% Decline in Stock Predicted
|
|
#
?
Feb 14, 2021 22:01
|
|
|
I think I’m just gonna dump my calls at a loss.
|
|
#
?
Feb 14, 2021 22:11
|
|
|
Are you agreeing or disagreeing? The point is to buy into that fear and uncertainty for potentially massive gains long term. If the outlook was positive then the price would be higher. Maybe not go all in but keep some cash in the reserves for that "predicted" decline to reduce your cost basis even further.
|
|
#
?
Feb 14, 2021 22:17
|
|
|
For me personally I wouldn't touch cruises with a rented dick. I'm increasingly interested in the idea of GE ($11) hitting $15 or $20 (for the first time in a long time) or SAVE ($30) returning to $45+ again with people eventually flying. poo poo like that is reasonable.. expecting Cruises to recover.. man, I just don't see it.
|
|
#
?
Feb 14, 2021 22:33
|
|
|
Shammypants posted:For me personally I wouldn't touch cruises with a rented dick. I'm increasingly interested in the idea of GE ($11) hitting $15 or $20 (for the first time in a long time) or SAVE ($30) returning to $45+ again with people eventually flying. poo poo like that is reasonable.. expecting Cruises to recover.. man, I just don't see it. I mean of course they will eventually recover. That’s just common sense. The question is if it will be in a year, or more like 5+ years?
|
|
#
?
Feb 14, 2021 22:46
|
|
|
RCarr posted:I mean of course they will eventually recover. That’s just common sense. The question is if it will be in a year, or more like 5+ years? I guess I’m not even that confident.
|
|
#
?
Feb 14, 2021 22:59
|
|
|
UnfurledSails posted:Are you agreeing or disagreeing? The point is to buy into that fear and uncertainty for potentially massive gains long term. If the outlook was positive then the price would be higher. Maybe not go all in but keep some cash in the reserves for that "predicted" decline to reduce your cost basis even further. Neither, I’m only providing an article that I saw most recently. I think they’ll come back eventually, but it will likely take a while.
|
|
#
?
Feb 14, 2021 23:06
|
|
|
UnfurledSails posted:What happened to the goon who was shorting casinos last year? I recall he made a bunch of other goons happy by predicting a CZR crash to 3$ (it's now 80$ lol) I believe that was Lote. I’ve wondered what happened to him as well.
|
|
#
?
Feb 14, 2021 23:07
|
|
|
Anton Chigurh posted:I believe that was Lote. I’ve wondered what happened to him as well. Yeah I think it was.
|
|
#
?
Feb 14, 2021 23:10
|
|
|
isn't crypto coin susceptible to the same stuff all crytpo is, ie magic theoretical hardware that can crack it in a second and break everything
|
|
#
?
Feb 14, 2021 23:54
|
|
|
I heard you guys missed me. Anything exciting happen in the past few weeks?
|
|
#
?
Feb 15, 2021 00:05
|
|
|
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 especially true of binary events on 1-trick ponies, like small/micro cap Biotechs. If their product fails an FDA review or study, look out below.
|
|
#
?
Feb 15, 2021 00:24
|
|
|
How do you go about investing in crypto currencies besides Bitcoin and Dogecoin? How come others aren’t available from your everyday broker?
|
|
#
?
Feb 15, 2021 00:35
|
|
|
Lote posted:I heard you guys missed me.
|
|
#
?
Feb 15, 2021 01:26
|
|
|
RCarr posted:How do you go about investing in crypto currencies besides Bitcoin and Dogecoin? I use Binance and Coinbase but some cryptos don’t even trade on those. Nano needs another app, as do many cryptos.
|
|
#
?
Feb 15, 2021 01:34
|
|
|
strange feelings re Daisy posted:A dying game retailer broke people's brains and became the focal point of financial news. Personally I'm holding out for a rally on Radio Shack or Sharper Image. The former CEO of radio shack has a new IPO coming out, pretty sure it’s a SPAC
|
|
#
?
Feb 15, 2021 01:34
|
|
|
Lote posted:I heard you guys missed me. The New York Stock Exchange president had to clarify that "The markets are not a casino" so everything's definitely going smoothly! https://www.axios.com/nyse-president-stock-markets-casino-gamestop-f66e29b1-e1a1-4960-90fb-b1d267de989a.html
|
|
#
?
Feb 15, 2021 03:30
|
|
|
I know we don't talk crypto here but holy poo poo the dip today is loving insane. 30-50% drop in just a few hours.
|
|
#
?
Feb 15, 2021 03:38
|
|
|
R/Relationships subreddit had a lot of posts recently about dealing with gambling addiction because of stock market junk lol
|
|
#
?
Feb 15, 2021 03:52
|
|
|
nightwisher posted:I know we don't talk crypto here but holy poo poo the dip today is loving insane. 30-50% drop in just a few hours. Can you be more specific? BTC and ETH barely moved.
|
|
#
?
Feb 15, 2021 04:13
|
|
|
Is this the stock trading thread or the loving shitcoin thread? Are there any actual mods in BFC? Why let this nonsense go on about shitcoins in the stock trading thread? I know, I know, just probe me and it’ll all be fine. (USER WAS PUT ON PROBATION FOR THIS POST)
|
|
#
?
Feb 15, 2021 04:23
|
|
|
zaurg posted:Is this the stock trading thread or the loving shitcoin thread? Since this is the gambling thread and not the investment thread I think it's fine to have some side discussion of coins or the collectible card bubble or whatever, especially when the market isn't open.
|
|
#
?
Feb 15, 2021 04:27
|
|
|
zaurg posted:Is this the stock trading thread or the loving shitcoin thread? drat take it easy bud
|
|
#
?
Feb 15, 2021 04:32
|
|
|
Show me where on Mt Gox the butt coins touched you
|
|
#
?
Feb 15, 2021 04:36
|
|
|
Slumpy posted:Any opinions on Desktop Metal? I don't see much in the way of cons for it when I look at their analytics. If you can trade ASX listed shares you might like 3DA. They're still small but they're apparently better positioned to do aerospace poo poo than Desktop Metals.
|
|
#
?
Feb 15, 2021 04:37
|
|
|
This should be the general trading thread so the forex people can feel comfortable rolling in here and talk about losing their money 24/7
|
|
#
?
Feb 15, 2021 04:37
|
|
|
There's a mod here and he keeps trying to sell me AwfulCoins
|
|
#
?
Feb 15, 2021 04:40
|
|
|
zaurg posted:Is this the stock trading thread or the loving shitcoin thread? oh no my precious gambling thread is talking about gambling in a slightly different manner
|
|
#
?
Feb 15, 2021 04:43
|
|
|
zaurg posted:Is this the stock trading thread or the loving shitcoin thread? Would you like to create another sentence that uses the words stock trading and shitcoin or are you tapped out
|
|
#
?
Feb 15, 2021 05:40
|
|
|
Zaurg should be probed when he’s not posting in his own thread again
|
|
#
?
Feb 15, 2021 08:14
|
|
|
please knock Mom! posted:Zaurg should be probed when he’s not posting in his own thread again Like I said up in the rules thread recently: Don't talk about Zaurg posting. Just report him and move on, or respond to the content in earnest (after reporting him of course). He's right that people poo poo up the thread talking about him, so I've had enough of that too. I've queued up a month for him since I'm sick of his poo poo in general. Zaurg, stop posting in BFC or I'm going to ask for a 100Ker on you. A question worth answering, though posted:Is this the stock trading thread or the loving shitcoin thread? To answer this question sincerely: There are one mod and one IK for BFC right now. The mod does not trade individual stocks and views it largely as gambling. I can't speak for the IK, but I suspect he has similar views re: investment strategies. I don't intervene in this thread because I'm not a fit to enforce its thread culture, so to speak, and because I don't actually read the thread unless something reports poo poo or PMs me. (Like, for example, if Zaurg shows up here and gets reported.) If the thread in general has specific rules they'd like me to enforce, I'm game for it. I'm not going to dictate the thread culture/contents, though, as long as I don't see WSB-style racism and pump&dump shittery going on.
|
|
#
?
Feb 15, 2021 08:26
|
|
|
Looks like I'm moving to IBKR. A big boy, fully grown up broker. The phone app looks like poo poo, but I can't have everything I guess.
|
|
#
?
Feb 15, 2021 09:39
|
|
|
withoutclass posted:Can you be more specific? BTC and ETH barely moved. Sorry I didn't see your post when I last replied, I should have clarified that it was pretty much only the altcoints that dipped hard, some of them less so and it's crawling back up anyways. My lizard brain is happy that red colour number become green colour number again. Even though I have very little invested in crypto compared to stocks and ETFs, it's still fun to watch. On the topic of traditional stocks, anyone got an opinion on $BOXL? I don't know much about the education sector but financially speaking they appear to be in good position, is there obvious warning signs I'm missing? Seems like a solid long-term pick.
|
|
#
?
Feb 15, 2021 10:41
|
|
|
Sundae posted:If the thread in general has specific rules they'd like me to enforce, I'm game for it. I'm not going to dictate the thread culture/contents, though, as long as I don't see WSB-style racism and pump&dump shittery going on. In my opinion, this should be the short-term "investing" thread. In other words, the thread for gambling in the various markets. Allow discussion of anything short term and/or risky: options, day trading, crypto, etc. This, then, gives it a nice contrast with the long-term investing thread. The only real change that would need to happen if everyone else agrees, would be to rename the thread to "short-term 'investing' thread" or something like that.
|
|
#
?
Feb 15, 2021 11:04
|
|
|
|
| # ? Jun 3, 2024 05:34 |
|
|
I would prefer crypto trading not be in this thread because I've never seen an interesting discussion about it, just boosterism or the same arguments repeatedly. Nothing ever changes about it except the price, by design, so I don't foresee anything changing about the resulting discussion.
|
|
#
?
Feb 15, 2021 11:30
|
|
