|
Cyrano4747 posted:I dunno, I find a view from inside this bullshit that recognizes that it's bullshit to be pretty interesting. He seems pretty sold on crypto, just his specific brand
|
#
?
Dec 28, 2021 17:59
|
|
|
|
| # ? Jun 6, 2024 11:13 |
|
|
Have it on good authority that the team of developers is trained in gorilla warfare and has been involved in numerous raids on Al Qaeda
|
|
#
?
Dec 28, 2021 18:47
|
|
|
Edit: nope
|
|
#
?
Dec 28, 2021 18:55
|
|
|
Lol a crypto hedge fund
|
|
#
?
Dec 28, 2021 19:54
|
|
|
Upgrade posted:Lol a crypto hedge fund There's a large handful of them! And most are in a lot of trouble PwC's most recent crypto report found that the median crypto hedge fund only had $15M in assets under management. Despite having 6 payrolled employees, the median fund also produces a mere $300,000 in revenues. They'll need to start charging brutally high management fees, foregoing their own pay, and/or taking on massive risk to fund their own operations There will be LOTS of crypto hedge fund kabooms in the news soon
|
|
#
?
Dec 28, 2021 20:13
|
|
|
Upgrade posted:Lol a crypto hedge fund You laugh but this is pretty far from the dumbest strategy a hedge fund has ever used.
|
|
#
?
Dec 28, 2021 20:17
|
|
|
ultrafilter posted:You laugh but this is pretty far from the dumbest strategy a hedge fund has ever used. I understand they concept of a regular hedge fund - pick stocks that outperform. What the gently caress does a crypto hedge fund do?
|
|
#
?
Dec 28, 2021 20:30
|
|
|
Try to pump and dump crypto faster than an 18 year old on Tik Tok
|
|
#
?
Dec 28, 2021 20:36
|
|
|
lovely tuna snatch posted:I understand they concept of a regular hedge fund - pick stocks that outperform. God, why didn't I think of that? I've been picking losers this whole time! It's so obvious in hindsight.
|
|
#
?
Dec 28, 2021 21:14
|
|
|
GoGoGadgetChris posted:Have it on good authority that the team of developers is trained in gorilla warfare and has been involved in numerous raids on Al Qaeda My god, those stupid ape pictures... Everything is coming together!
|
|
#
?
Dec 28, 2021 21:17
|
|
|
lovely tuna snatch posted:I understand they concept of a regular hedge fund - pick stocks that outperform. I really doubt most hedge funds are just picking stocks at this point. They are buying derivatives you don’t understand of things you also don’t understand.
|
|
#
?
Dec 28, 2021 21:38
|
|
|
smackfu posted:I really doubt most hedge funds are just picking stocks at this point. They are buying derivatives you don’t understand of things you also don’t understand. Yes yes options etc. But what exactly are you trading with crypto? Crypto puts, futures, derivatives?
|
|
#
?
Dec 28, 2021 22:25
|
|
|
I'd just like that dude working in that mutual fund to ELI5 what he does.
|
|
#
?
Dec 28, 2021 22:30
|
|
|
lovely tuna snatch posted:Yes yes options etc. But what exactly are you trading with crypto? Crypto puts, futures, derivatives? Options, futures, coins themselves, and any other derivatives you can think of.
|
|
#
?
Dec 28, 2021 22:45
|
|
|
smackfu posted:I really doubt most hedge funds are just picking stocks at this point. They are buying derivatives
|
|
#
?
Dec 28, 2021 22:52
|
|
|
lovely tuna snatch posted:Yes yes options etc. But what exactly are you trading with crypto? Crypto puts, futures, derivatives? Ape jpegs and ponzicoins
|
|
#
?
Dec 28, 2021 23:11
|
|
|
lovely tuna snatch posted:Yes yes options etc. But what exactly are you trading with crypto? Crypto puts, futures, derivatives? derivatives and spot, the same as any other hedge. it's basically the same as the stock market just 24x7. I would also be very skeptical of average crypto hedge at 15m. I'd be skeptical of even 150m, both being conservative estimates that underwhelm on AUM. notwithoutmyanus fucked around with this message at 23:27 on Dec 28, 2021 |
|
#
?
Dec 28, 2021 23:24
|
|
|
My neighbor traded in their old BMW SUV (not sure what model) for a new BMW SUV on the basis of "it's Christmas and that is when the best deals are." He knows how much he paid, but has no idea what the discount was. He just assumed it was the highest because of Christmas. His old SUV was only a year or two old and I remember when he bought it he said one of the reasons he pulled the trigger was because they threw in a bunch of free extras and the free "BMW Parking Only" sign was his favorite part. He is the only person I know in real life who has actually bought a car because it was a holiday and I am 90% sure he bought the old BMW because it was a holiday as well. It is a nice car! No free sign this time, though.
|
|
#
?
Dec 29, 2021 00:04
|
|
|
I thought car sales were still pretty rare due to shortages. A quick look online says BMW is offering small discounts of "up to" $1750-$2500, but only to people who both finance through them and are current BMW owners. And dealers can opt out of offering it. https://www.bmwusa.com/special-offers/year-end-sales-event.html
|
|
#
?
Dec 29, 2021 00:26
|
|
|
drk posted:I thought car sales were still pretty rare due to shortages. Doing a trade-in probably moves you to the front of the queue, especially for something late-model, because they get their cut of the car you're buying AND the car you're selling.
|
|
#
?
Dec 29, 2021 00:38
|
|
|
lovely tuna snatch posted:I understand they concept of a regular hedge fund - pick stocks that outperform. Hedge funds weren't about picking stocks that outperform. Their purpose was to invest in assets that wouldn't correlate with the broader market so that rich people would have a hedge in case the market crashed. Then a few hedge funds started generating ridiculously high returns based primarily on insider trading and fraud, which created a rush of FOMO for people who saw the returns and wanted to get rich. It's a really similar phenomenon to crypto.
|
|
#
?
Dec 29, 2021 01:15
|
|
|
drk posted:I thought car sales were still pretty rare due to shortages. I mean you may not actually get a deal, but they'll certainly run a promotion.
|
|
#
?
Dec 29, 2021 01:27
|
|
|
acidx posted:Hedge funds weren't about picking stocks that outperform. Their purpose was to invest in assets that wouldn't correlate with the broader market so that rich people would have a hedge in case the market crashed. Then a few hedge funds started generating ridiculously high returns based primarily on insider trading and fraud, which created a rush of FOMO for people who saw the returns and wanted to get rich. It's a really similar phenomenon to crypto. It’s simpler than that. They invested in illiquid assets so they could only take rich investors. So people assumed if rich people invest in them they must be better. So now they’re nothing more than a regular investment vehicle but with higher fees and clients who feel like they must get something for those higher fees.
|
|
#
?
Dec 29, 2021 02:26
|
|
|
I have a feeling that's certainly true of a public/open fund, but not a closed fund. Closed funds do whatever they want.
|
|
#
?
Dec 29, 2021 02:49
|
|
|
notwithoutmyanus posted:I have a feeling that's certainly true of a public/open fund, but not a closed fund. Closed funds do whatever they want. Do you mean funds that require accredited investors? Those go both ways........your marks have to be wealthy enough to qualify, but your pool is smaller.
|
|
#
?
Dec 29, 2021 03:03
|
|
|
I think mr. crypto poop toucher is talking about a closed end fund? I dont think you necessarily need to be accredited to invest in one. https://www.fidelity.com/learning-center/investment-products/closed-end-funds/What-are-closed-end-funds
|
|
#
?
Dec 29, 2021 03:08
|
|
|
I can't imagine too many funds would be willing to talk to someone who doesn't have enough money to qualify as accredited.
|
|
#
?
Dec 29, 2021 03:39
|
|
|
My dad just told me that he now owns $25 worth of bitcoin because PayPal gave him a popup offer for a $25 statement credit if he bought $25 worth of bitcoin through PayPal. I have also just learned that there is a PayPal credit card and my dad has one for some reason.
|
|
#
?
Dec 29, 2021 03:58
|
|
|
evilweasel posted:It’s simpler than that. They invested in illiquid assets so they could only take rich investors. So people assumed if rich people invest in them they must be better. So now they’re nothing more than a regular investment vehicle but with higher fees and clients who feel like they must get something for those higher fees. Wait, really?
|
|
#
?
Dec 29, 2021 04:14
|
|
|
drk posted:I think mr. crypto poop toucher is talking about a closed end fund? I dont think you necessarily need to be accredited to invest in one. Oh, right. Okay, so sorry I'm a boring investor. quote:Instead, shares are traded on an exchange, typically, and other market participants act as the corresponding buyers or sellers. The fund itself does not issue or redeem shares daily. Like stocks, CEFs hold an initial public offering at their launch. With the capital raised during this IPO, the portfolio managers then buy securities befitting the fund's investment strategy. This sounds interesting, like it's barely skirting a bunch of securities laws. Oh, wait.....it was specifically carved out as such. quote:At its most fundamental level, a CEF is an investment structure (not an asset class), organized under the regulations of the Investment Company Act of 1940. So it's an ETF but not.
|
|
#
?
Dec 29, 2021 04:22
|
|
|
Leon Trotsky 2012 posted:My dad just told me that he now owns $25 worth of bitcoin because PayPal gave him a popup offer for a $25 statement credit if he bought $25 worth of bitcoin through PayPal. I can't/won't spek to the bitcoin because you already know, but I've had a paypal DEBIT card for years, because if you sell things on ebay or other unfortunate sites (like stubhub) this is the easy way to get paid. And then you want to drain that non-FDIC poo poo account ASAP.
|
|
#
?
Dec 29, 2021 04:25
|
|
|
I think my favorite thing about Crypto is that it has absolutely wrecked people’s free time and mental well being. At least with stocks and options you got to unplug on weekends and holidays unless you were some hedge fund manager, but now every wannabe crypto millionaire, and now that large institutions are invested in crypto, every financial analyst mba douchebag, gets to stress about their portfolio 24/7. I’m sure this permanent level of stress will have no long term mental health effects in the long term. I was at a wedding one of the days that crypto dropped like 10-15% in a day and there was a large contingent of dudes standing to one side just stressfully looking at their phones, it was great.
|
|
#
?
Dec 29, 2021 05:09
|
|
|
Leon Trotsky 2012 posted:My dad just told me that he now owns $25 worth of bitcoin because PayPal gave him a popup offer for a $25 statement credit if he bought $25 worth of bitcoin through PayPal. I did that, Venmo had a similar promotion about a month earlier. I was curious what would happen and all it really meant spending was the initial fee, about a dollar between the two transactions. My $50 is now $53.40. Plus the already spent statement credit.
|
|
#
?
Dec 29, 2021 05:34
|
|
|
Leon Trotsky 2012 posted:My dad just told me that he now owns $25 worth of bitcoin because PayPal gave him a popup offer for a $25 statement credit if he bought $25 worth of bitcoin through PayPal. I did this a few months ago. My $25 of Bitcoin cash is now worth $25.13. No I don’t know what to do with it.
|
|
#
?
Dec 29, 2021 06:02
|
|
|
resident posted:I did this a few months ago. My $25 of Bitcoin cash is now worth $25.13. No I don’t know what to do with it. Donate it and free your hands of poop https://thewaterproject.org/donate-bch
|
|
#
?
Dec 29, 2021 07:18
|
|
|
Ur Getting Fatter posted:I’m sure this permanent level of stress will have no long term mental health effects in the long term. But but but... my Lyft driver on my Vegas trip last month said he hit big in Shibecoin and bought his mom in Florida a house with the proceeds! And then he showed me his brother's trading account (somehow? Who would give another person their credentials?) and he had hundreds of thousands of crypto in the exchange. How do I be smart like him? 🚀🌙, 🚫💎👐 Also, there are no taxes if have to pay after selling, right?
|
|
#
?
Dec 29, 2021 07:53
|
|
|
SpelledBackwards posted:But but but... my Lyft driver on my Vegas trip last month said he hit big in Shibecoin and bought his mom in Florida a house with the proceeds! And then he showed me his brother's trading account (somehow? Who would give another person their credentials?) and he had hundreds of thousands of crypto in the exchange.
|
|
#
?
Dec 29, 2021 08:40
|
|
|
Motronic posted:Oh, right. Okay, so sorry I'm a boring investor. This being crypto and still regulated, there are some differences here. Including the ability to take in more clients & funds over time as needed, but same zero tolerance on encouraging people to join the fund. Mostly the same, though. Still going to be about trading butts.
|
|
#
?
Dec 29, 2021 11:03
|
|
|
lovely tuna snatch posted:I understand they concept of a regular hedge fund - pick stocks that outperform. Waste people's money and exploit people with gambling addictions while doing damage to the environment.
|
|
#
?
Dec 29, 2021 11:13
|
|
|
|
| # ? Jun 6, 2024 11:13 |
|
|
Ur Getting Fatter posted:I think my favorite thing about Crypto is that it has absolutely wrecked people’s free time and mental well being. That's just Forex with extra steps. The main selling point of crypto when I was into it was that you'd buy some and then you'd hold it as it would rise progressively. People just want to gamble but are afraid of casinos it seems.
|
|
#
?
Dec 29, 2021 14:17
|
|
