The Rokslide Stock Traders Thread

[stevewes2004]

Not really sure what to make of this. I’m not a crypto person so curious the thoughts of some of you that are active in that space

https://finance.yahoo.com/news/fannie-mae-freddie-mac-ordered-204327945.html

I don’t really have an opinion about this specific article… other than it’s another notch in the belt for bitcoin.

My only question/comment would be to those that are still skeptical of bitcoin, why are you still skeptical? There is a MASSIVE wave of global adoption right in front of our faces. Governments, major financial institutions, small and large cap companies, etc….

Too volatile? Security? Can’t hold it with your bare hands?

I genuinely like to hear the devils advocate side of things.


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[Hydra6]

I don’t really have an opinion about this specific article… other than it’s another notch in the belt for bitcoin.

My only question/comment would be to those that are still skeptical of bitcoin, why are you still skeptical? There is a MASSIVE wave of global adoption right in front of our faces. Governments, major financial institutions, small and large cap companies, etc….

Too volatile? Security? Can’t hold it with your bare hands?

I genuinely like to hear the devils advocate side of things.


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Can't hold it in my bare hands. Also, didn't the Israelis make a bunch of Iranian digital wealth disappear with hack or such?

 

[KsRancher]

I don’t really have an opinion about this specific article… other than it’s another notch in the belt for bitcoin.

My only question/comment would be to those that are still skeptical of bitcoin, why are you still skeptical? There is a MASSIVE wave of global adoption right in front of our faces. Governments, major financial institutions, small and large cap companies, etc….

Too volatile? Security? Can’t hold it with your bare hands?

I genuinely like to hear the devils advocate side of things.


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I invested a large to me sum of money in bitcoin tracker funds. I must say I am skeptical of it still. But a person can't argue with the returns it's produced. But something that gives me a little pause is. With all of this bullish news out there and so many companies and people that are making it part of thier business plan why isn't it climbing hard and fast currently

 

[fmyth]

I invested a large to me sum of money in bitcoin tracker funds. I must say I am skeptical of it still. But a person can't argue with the returns it's produced. But something that gives me a little pause is. With all of this bullish news out there and so many companies and people that are making it part of thier business plan why isn't it climbing hard and fast currently

One popular theory:

"Centralized exchanges like Binance or market makers like Wintermute are suppressing Bitcoin prices at $108,000, as evidence is mixed. They might do this to profit from short positions in derivatives, accumulate Bitcoin at lower prices, or stabilize markets for control. However, their main role is providing liquidity, ensuring smooth trading, and Bitcoin's current price of ~$107,728 aligns with market predictions, suggesting natural dynamics. Past allegations, like SEC lawsuits against Binance, raise suspicions, but no recent data confirms suppression. They deny manipulation, and regulatory scrutiny makes it risky. The truth likely involves both legitimate and questionable practices."

 

[MountainTracker]

I invested a large to me sum of money in bitcoin tracker funds. I must say I am skeptical of it still. But a person can't argue with the returns it's produced. But something that gives me a little pause is. With all of this bullish news out there and so many companies and people that are making it part of thier business plan why isn't it climbing hard and fast currently

I believe they hacked an Iranian crypto exchange. Cold storage is the best way to secure your btc.

Fidelity just opened up a btc custody service with multiple layers of physical and digital security. They’ve been handling funds for ever and would be considered trusted. it’s an example of companies getting into the game.


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[Ten Bears]

MSTY question for you guys.

Has anyone found a good predictor of the monthly dividend ?

Also with BTC becoming mainstream does is lessen the volatility of Strategy and downstream MSTY ? Wondering if my MSTY monthly will be drying up a tad and should pivot to PLTY.

 

[Andrew12gauge]

I still don’t get bitcoin, I get that most of our dollars are digital today but I can go to a bank, request a withdrawal and hold those dollars in my hand, and they’ve been accepted worldwide as currency for many years. I know I can sell bitcoin for dollars and essentially do the same but what happens if everybody suddenly decides it has no value or what if the secretive creator one day decides to shut down the blockchain it is running on(can he do that? I don’t know) when I buy stock in a company, let’s say Walmart or Amazon, I can see and understand what those companies are and why they hold value, I just still for the life of me cannot see any reason why bitcoin holds value therefore I don’t invest in it.


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[MountainTracker]

I still don’t get bitcoin, I get that most of our dollars are digital today but I can go to a bank, request a withdrawal and hold those dollars in my hand, and they’ve been accepted worldwide as currency for many years. I know I can sell bitcoin for dollars and essentially do the same but what happens if everybody suddenly decides it has no value or what if the secretive creator one day decides to shut down the blockchain it is running on(can he do that? I don’t know) when I buy stock in a company, let’s say Walmart or Amazon, I can see and understand what those companies are and why they hold value, I just still for the life of me cannot see any reason why bitcoin holds value therefore I don’t invest in it.


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What happens when the world decides the USD has no value? Once you understand why btc goes up while the purchasing power of fiat goes down you’ll never want to go back.


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[NDGuy]

I'll stick with gold

What happens when the world decides the USD has no value? Once you understand why btc goes up while the purchasing power of fiat goes down you’ll never want to go back.


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[KsRancher]

What happens when the world decides the USD has no value? Once you understand why btc goes up while the purchasing power of fiat goes down you’ll never want to go back.


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I wish I could wrap my mind around how it's value works. But I can't.

 

[fmyth]

MSTY question for you guys.

Has anyone found a good predictor of the monthly dividend ?

Also with BTC becoming mainstream does is lessen the volatility of Strategy and downstream MSTY ? Wondering if my MSTY monthly will be drying up a tad and should pivot to PLTY.

I hold both MSTR and PLTR as long term investments and live off the monthly distributions from my MSTY and PLTY shares. MSTR will remain volatile as long as BTC remains volatile. BTC is volatile because it can be traded 24/7 almost worldwide. When something big happens over the weekend that will likely effect the stock market big funds can liquidate their BTC in seconds and be ready with cash in hand when the stock market opens on Monday. There is a 95% chance MSTR will qualify for S&P 500 inclusion on Monday. There is no guarantee but if they are included it will increase liquidity and trading which is good for MSTY. I think both BTC and MSTR will remain highly volatile for another 10-20 years which would mean MSTY could continue to harvest that volatility by selling (writing) call options on MSTR stock.

 

[Ten Bears]

I hold both MSTR and PLTR as long term investments and live off the monthly distributions from my MSTY and PLTY shares. MSTR will remain volatile as long as BTC remains volatile. BTC is volatile because it can be traded 24/7 almost worldwide. When something big happens over the weekend that will likely effect the stock market big funds can liquidate their BTC in seconds and be ready with cash in hand when the stock market opens on Monday. There is a 95% chance MSTR will qualify for S&P 500 inclusion on Monday. There is no guarantee but if they are included it will increase liquidity and trading which is good for MSTY. I think both BTC and MSTR will remain highly volatile for another 10-20 years which would mean MSTY could continue to harvest that volatility by selling (writing) call options on MSTR stock.

Thanks for taking the time to explain. I didn’t even factor the SP listing.

Considering swinging back and forth between MSTY and PLTY on distribution dates. Just need to find a decent price forecaster for their distributions.

 

[fmyth]

Thanks for taking the time to explain. I didn’t even factor the SP listing.

Considering swinging back and forth between MSTY and PLTY on distribution dates. Just need to find a decent price forecaster for their distributions.

There are MSTY and PLTY groups on X with several guys that attempt to forecast the distributions based on the funds daily trades. I plan for an average of 7% of current share price as an average monthly distribution.

 

[yeky83]

I don’t really have an opinion about this specific article… other than it’s another notch in the belt for bitcoin.

My only question/comment would be to those that are still skeptical of bitcoin, why are you still skeptical? There is a MASSIVE wave of global adoption right in front of our faces. Governments, major financial institutions, small and large cap companies, etc….

Too volatile? Security? Can’t hold it with your bare hands?

I genuinely like to hear the devils advocate side of things.


Sent from my iPhone using Tapatalk

Blockchain tech is cool, but I can't take bitcoin seriously as anything other than a major "let's get rich off hype" platform as it stands. I don't understand those who push it as a legitimate future currency.

Why would governments give up their control over money and adopt bitcoin? We're not going back to the gold standard either, why would the government go to any standard as it stands? If they wanted to go crypto, why would they choose bitcoin instead of creating something they have more control over?

Then there's the argument, "if the dollar crashes, bitcoin will stand." If the dollar crashes anytime soon, that means some significant global unrest has occurred. I don't see something that depends on a global supply of massive server farms surviving this global unrest.

 

[stevewes2004]

May inflation slightly higher than expected…. Doubtful we will see rate cuts in July.


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[Beendare]

May inflation slightly higher than expected…. Doubtful we will see rate cuts in July.

Powell is always late...it's his MO. Then there is Trump trying to bully him....he is going to react like anyone else in that situation- resist.
Funny, It used to be when the Fed lowered it was bad news.

I think you pick a good stock or sector and go with it.

For example, ITA [Defense/Aerospace ETF] breaking out right now....a surprise?
No,
1) the EU countries committing to more Defense spending,
2) war in a couple countries....that sector should do well for the next few years.

 

[jbosk15808]

MSTY question for you guys.

Has anyone found a good predictor of the monthly dividend ?

Also with BTC becoming mainstream does is lessen the volatility of Strategy and downstream MSTY ? Wondering if my MSTY monthly will be drying up a tad and should pivot to PLTY.

Retire on Dividends on YouTube breakdown the fund pretty well and is pretty close on his monthly distribution estimates

 

[timekiller13]

I still don’t get bitcoin, I get that most of our dollars are digital today but I can go to a bank, request a withdrawal and hold those dollars in my hand, and they’ve been accepted worldwide as currency for many years. I know I can sell bitcoin for dollars and essentially do the same but what happens if everybody suddenly decides it has no value or what if the secretive creator one day decides to shut down the blockchain it is running on(can he do that? I don’t know) when I buy stock in a company, let’s say Walmart or Amazon, I can see and understand what those companies are and why they hold value, I just still for the life of me cannot see any reason why bitcoin holds value therefore I don’t invest in it.


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This is the way I feel about bitcoin.

It offers nothing tangible. Its value is based off nothing more than someone says it has value.

Stocks have value because the companies behind them produce a product or provide a service.

And the fact that it’s 100% digital scares me. It’s just a computer code. What’s to keep some computer genius from messing with the code and tanking bitcoin?

All that being said, I do indirectly invest in BTC. But it’s small portion of my portfolio.

 

[ThorM465]

Blockchain tech is cool, but I can't take bitcoin seriously as anything other than a major "let's get rich off hype" platform as it stands. I don't understand those who push it as a legitimate future currency.

Why would governments give up their control over money and adopt bitcoin? We're not going back to the gold standard either, why would the government go to any standard as it stands? If they wanted to go crypto, why would they choose bitcoin instead of creating something they have more control over?

Then there's the argument, "if the dollar crashes, bitcoin will stand." If the dollar crashes anytime soon, that means some significant global unrest has occurred. I don't see something that depends on a global supply of massive server farms surviving this global unrest.

It's hard to take criticisms on Bitcoin seriously by someone who has clearly not taken the time to understand it.

Bitcoin will never be a currency as liquid as the US Dollar. Transactions between individuals will be rare, but then cash transaction are becoming more and more rare. Bitcoin will never be the 1 solution for all currencies need. We'll still need a non-digital store of value for local transactions.

The best way to look at Bitcoin is as a digital & transportable alternative to gold, not as a currency. It's simply a store of value.

The thesis of Bitcoin is that it is a deflationary store of value outside the control of any state.

 

[Danny Hoey]

You not going to take your gold nugget to the gas station and shave off 1/100 of an ounce for a tank of gas. Bitcoin people hate when people say it's niche, but it really is, and that's ok. It's value really is whatever someone will pay for it, the same as anyone else.