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Chadzok posted:I seriously, literally do not understand what that means. What are they buying. I can get that picture off google. I can get that picture off the page that you linked to. I can get a link to that picture off that page, if it's a link that they want. it doesn't need to actually be marketable to be used for money laundering. in fact the more obscure and niche the better. if i can claim some painting or blockchain token may look worthless to most people but worth millions to a select group of savvy enthusiasts then who are you to say that me selling it to some "anonymous" bidder isn't legit? that just proves you aren't sophisticated enough to appreciate its value
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Apr 4, 2021 21:58
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Chris Roberts frantically googling "what is nft" Turns out you didn't even need to make the video game part of Star Citizen
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Apr 4, 2021 23:45
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Isnt Star Citizen and its jpeg spaceships the grand daddy of NFTs?
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Apr 5, 2021 00:37
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So, Green Day tomorrow, yes? thanks autocorrect for assuming I meant the band, I guess?
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Apr 5, 2021 01:56
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I wonder what's going to happen with NDRA. It's pretty obviously going to be a good day for stocks but NDRA is already pretty well close to its normal ceiling.
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Apr 5, 2021 02:42
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Grem posted:I wonder what's going to happen with NDRA. It's pretty obviously going to be a good day for stocks but NDRA is already pretty well close to its normal ceiling. To the moon!
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Apr 5, 2021 02:48
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Grem posted:I wonder what's going to happen with NDRA. It's pretty obviously going to be a good day for stocks but NDRA is already pretty well close to its normal ceiling. Beelzebub willing, I’ll be getting a nicer apartment than this leaky one.
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Apr 5, 2021 02:55
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Grem posted:I wonder what's going to happen with NDRA. It's pretty obviously going to be a good day for stocks but NDRA is already pretty well close to its normal ceiling. I was gonna get back in around 2.20 but I didn’t have any cash available in my account and didn’t wanna sell the boring stocks I’m holding to get some. Little bummed out that I didn’t and missed another chance to play the “sell near $3” game
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Apr 5, 2021 02:56
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I thought the market was closed on Monday?
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Apr 5, 2021 04:03
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Valicious posted:I thought the market was closed on Monday?
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Apr 5, 2021 04:08
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Most of the european markets will be closed this Monday though.
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Apr 5, 2021 04:17
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Valicious posted:I thought the market was closed on Monday? Christ (and two other people) weren’t crucified on Monday
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Apr 5, 2021 05:02
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pmchem posted:What do people think of Schwab's iOS apps? Or their phone support? Schwab's app does what I need it to do. I like the StreetSmart desktop app quite a bit more.
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Apr 5, 2021 07:24
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Tetramin posted:Christ (and two other people) weren’t crucified on Monday It's a day of recovery after the big Easter feast with family. Which didn't really happen this year because of that thing that's doing the rounds these days.
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Apr 5, 2021 11:17
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Chadzok posted:I seriously, literally do not understand what that means. What are they buying. I can get that picture off google. I can get that picture off the page that you linked to. I can get a link to that picture off that page, if it's a link that they want. It's a digital collectible. So while (much like cryptocurrency) the whole thing is absurdly dumb when you step back and look at it, if you're down in the weeds with other degenerates it kinda makes sense. Yes, you can copy that image, just like you can print a copy of the Mona Lisa and hang it above your toilet. It's not the item itself that is valuable: it's the ownership of it. So right now, among a small but growing cluster of degenerate gamblers, NFTs make as much sense as baseball cards. The added benefits are you don't have to physically store or protect the item, you don't have to worry about physically shipping it to transfer ownership, and you get to act like one of those fancy people who store priceless artwork in freeports. There's also a lot of self dealing happening here, with that record breaking $69mil NFT artwork sale going to a billionaire who owns an NFT marketplace or something. It's a level of stupid that makes it immune to satire. If that lady gets a house for a JPG still from a video she was in years ago, I don't know what to say.
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Apr 5, 2021 13:18
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If I was Twitter famous I would sell every one of my tweets and instagrams as a NFT right now and cash out and laugh at all the idiots buying it up while I wipe my rear end with literal gold.
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Apr 5, 2021 13:42
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Jalumibnkrayal posted:It's a digital collectible. So while (much like cryptocurrency) the whole thing is absurdly dumb when you step back and look at it, if you're down in the weeds with other degenerates it kinda makes sense. Yes, you can copy that image, just like you can print a copy of the Mona Lisa and hang it above your toilet. It's not the item itself that is valuable: it's the ownership of it. So right now, among a small but growing cluster of degenerate gamblers, NFTs make as much sense as baseball cards. The added benefits are you don't have to physically store or protect the item, you don't have to worry about physically shipping it to transfer ownership, and you get to act like one of those fancy people who store priceless artwork in freeports. There's also a lot of self dealing happening here, with that record breaking $69mil NFT artwork sale going to a billionaire who owns an NFT marketplace or something. NFTs don't imply ownership at all. Also, the Mona Lisa is a physical item you can't duplicate exactly, an NFT is simply some Blockchain entry that links a file somewhere else. There are no "originals" with digital items, I find it doubtful that Blockchain entries with links that may or may not work will remain valuable in any way, or desiderable to any collector. Owning some links (well, not the URLs themselves) isn't the same as owning a physical set of cards.
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Apr 5, 2021 13:47
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I imagine that people like the Kendall Roy character from Succession are the kind of people that are buying NFTs. Failsons/daughters trying to remain relevant by throwing around their trust money on whatever is trending in wealthy social circles.
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Apr 5, 2021 13:48
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laxbro posted:I imagine that people like the Kendall Roy character from Succession are the kind of people that are buying NFTs. Failsons/daughters trying to remain relevant by throwing around their trust money on whatever is trending in wealthy social circles. haven't seen the show, but, 
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Apr 5, 2021 14:01
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Boris Galerkin posted:If I was Twitter famous I would sell every one of my tweets and instagrams as a NFT right now and cash out and laugh at all the idiots buying it up while I wipe my rear end with literal gold. Yea you can just screenshot some famous person's Twitter and do the same thing. You're just lazy. It's okay, so am I.
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Apr 5, 2021 14:29
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I can’t find an explanation of how the embedding in the blockchain ownership part works. So you buy it, the person sends you a penny worth of buttcoin with a “message” in the memo line that’s the url to the goatse nft. But that is now permanently in there, how can you 1. Prove that it is you who owns it and B. then ever sell it to someone else? And what’s stopping someone from just sending another transaction with the same url memo?
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Apr 5, 2021 14:47
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Back in January a few folks were pushing GOEV (Canoo) and now it's got multiple lawsuits against it, "On March 29, 2021, after the market closed, Canoo revealed that the Company would no longer focus on its engineering services line, which had been touted in the SPAC merger documents just three months earlier and formed the basis of Canoo’s growth story." I've still got some shares in it (sold some earlier, kept some), and I'm not sure if to hold onto it until this all clears up or what.
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Apr 5, 2021 14:51
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pmchem posted:What do people think of Schwab's iOS apps? Or their phone support? It works great for placing basic orders, but one thing that's irritating is that notifications for trades don't fire right away, so often times I'll be going in and making a trade only to be warned that I either have nothing to sell or already bought. Which, if I wasn't paying attention to the buy confirm screen, could presumably burn me.
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Apr 5, 2021 14:52
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pmchem posted:haven't seen the show, but, you should watch it it's very good
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Apr 5, 2021 15:11
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It turns out that locking the country down and vaccinating everybody as fast as possible was in fact the quickest way to fix the economy. I'm also really glad I bought these spy 398 calls last month
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Apr 5, 2021 15:34
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Red posted:Welllllllllll: https://lastwordonsports.com/prowrestling/2021/03/04/wwes-saudi-arabia-problem/ Not to mention that they may not bother to start touring again after the pandemic. Live show revenue was a big thing for them previously as it drives the value of their TV rights. Plus greater competition from AEW. pmchem posted:they're getting the right to say they paid $410,000 for a png file and it's "theirs" They don't own the png. They own a hyperlink to a png that will cease to function the moment the host gets bored. There is nothing rational about NFT, it's a pump and dump scam to push up Etherium prices. Liquid Communism fucked around with this message at 15:46 on Apr 5, 2021 |
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Apr 5, 2021 15:41
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drunken officeparty posted:I can’t find an explanation of how the embedding in the blockchain ownership part works. So you buy it, the person sends you a penny worth of buttcoin with a “message” in the memo line that’s the url to the goatse nft. But that is now permanently in there, how can you 1. Prove that it is you who owns it and B. then ever sell it to someone else? And what’s stopping someone from just sending another transaction with the same url memo? You can't, you can create a new token with the same URL and someone else can send another transaction with the same URL. You need to trust the issuer. But an NFT itself implies nothing about ownership of the artwork itself, or what rights you have. You always need a separate contract that handles these things. NFTs are entirely useless, an ancillary token when you simply could sell the file itself with a contract without a link on the Blockchain.
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Apr 5, 2021 15:45
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I'm not a blockchain or bitcoin expert or anything, but as I understand it, the blockchain is a decentralized "authority" and the reason you mine coins and such is to reach a consensus on what is the "correct" state so that no central authority is needed. Like, right now you log onto your bank account and you see a balance of $420. How do you know you actually have $420? The bank tells you so, and that's that. You have no idea if the bank is lying or not and there's no way to find out. With cryptocoins, I'd have an "account" with $420 in it. And if 50% + 1 of all the miners agree (through complex useless math) then that is proof that I have $420 in that account. There is no way to lie about it because it's all there in plain sight. Furthermore, it's a chain, so you can see how that $420 number came to be. eg, there was a deposit of $500 and a withdrawal of $80. NFTs are attached to a blockchain in a similar way such that if the majority of the miners agree the NFT belongs to me, then that NFT belongs to me, no question about it.
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Apr 5, 2021 16:03
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Yes, however ownership of the nft is ownership of a fraction of an Etherium coin with a tinyurl link encoded in the transaction notes. It is of less value than a dollar bill you wrote a url on, because at least the bill can be used as a bookmark.
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Apr 5, 2021 16:18
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Alright, can anyone give some feedback on a strategy I want to try? I'm not great at math, so I don't know if I'm really doing anything worthwhile, but my idea is to have a chunk in NDRA, when it reaches 2.80 sell off $1,000 and put it in VTI, wait for price to drop to 2.20, buy back with whatever is in VTI, and repeat. Am I just spinning my wheels here or am I increasing my shares of NDRA or what the hell? This made sense when I was taking a poop two nights ago but now I can't figure out what the hell I was thinking.
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Apr 5, 2021 16:19
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Seems like a lot of hands on time to make ~$250 before short term cap gains on each step, but if you think NDRA is going to keep bouncing fast enough to make that worthwhile it could eventually build up slowly. This is, of course, not investment advice as I am woefully unqualified.
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Apr 5, 2021 16:30
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Grem posted:Alright, can anyone give some feedback on a strategy I want to try? I'm not great at math, so I don't know if I'm really doing anything worthwhile, but my idea is to have a chunk in NDRA, when it reaches 2.80 sell off $1,000 and put it in VTI, wait for price to drop to 2.20, buy back with whatever is in VTI, and repeat. Am I just spinning my wheels here or am I increasing my shares of NDRA or what the hell? OK, so this "buy the cycle" strategy a lot of you have been doing is fun, but you gotta realize its just the most basic form of chartistry/tea-leaf-reading that we used to make fun of in here all the time. The patterns work until they don't, and there is almost no actual reason behind any of it. Except that you trust that there are enough other people selling at 2.8 and buying at 2.2 that it keeps working for you. Its probably positive expected value, but only in the sense that being long the market in general is positive expected value. If you really think the company has a better chance of having their product approved than "the market" thinks, you should probably just buy and hold, otherwise you're running the risk of not holding it when it pops. I'm not advocating against basically martingaling this thing, my degenerate soft spot is martingaling single zero roulette whenever I see it. Which is actually significantly -EV, not like playing with NDRA. But yes, you are just spinning your wheels.
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Apr 5, 2021 16:38
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Nothing is going insane, but I have no complaints.
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Apr 5, 2021 17:20
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selling a bunch of NPA Apr 16 $10 puts. How are SPAC puts a buck under strike still a quarter.
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Apr 5, 2021 17:35
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Successfully didn't sell my $395 SPY calls on Friday. Letting runners run Stonks
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Apr 5, 2021 17:36
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I want to own a rickroll NFT and somehow hack all other NFT’s to link to it.
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Apr 5, 2021 18:14
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Femtosecond posted:Why are NFLX option premiums so high? Is it because it has an earnings release date coming up on April 20? Re-asking this for the new week. If I write covered calls for easy money, why am I making a huge mistake here?
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Apr 5, 2021 18:15
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cr0y posted:Successfully didn't sell my $395 SPY calls on Friday. Letting runners run grats... Bitch
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Apr 5, 2021 18:17
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Come on DraftKings, all of your buddies are flying, don’t you wanna fly too?
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Apr 5, 2021 18:41
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Sold half my NDRA now that its green. Now if it decides to plummet I can grab some more, or if it goes even higher I wont feel too remorseful.
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Apr 5, 2021 18:42
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