The Rokslide Stock Traders Thread

[2531usmc]

I understand the thought. Many have the same mind set. But how many years will bitcoin have to beat the market before you believe in it? Or have you already made up your mind?


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I think bitcoins needs to go through at least two really grim market downturns before I would consider putting my money into it.

Everbody loves bitcoin when it’s going up….

 

[Poser]

I think bitcoins needs to go through at least two really grim market downturns before I would consider putting my money into it.

Everbody loves bitcoin when it’s going up….

I have 7 examples for you, 2 of which are "modern times"

June 2011: -99%
$32 to .1 cent

August 2012: -56%

April 2013: -83%
$260 to around $50

December 2013: -50%

December 2017-December 2018: -84%
20k to below 12k

March 2020: -50%
$10,000 in February to below $4,000 in March.

May 2021: -53%

 

[2531usmc]

I understand the thought. Many have the same mind set. But how many years will bitcoin have to beat the market before you believe in it? Or have you already made up your mind?


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I would also guess that when the unwind happens, Wall Street will continue its time honored practice of pumping it while dumping with both hands

 

[mostlybirch]

All the shilling of crypto, alt-coins in particular, at government levels feels like generating exit liquidity for the whales at the expense of average Americans. Why does the largest and previously most stable economy in the world in which our native currency is the reserve for the entire world need to start dealing in internet money? Does this not feel crazy to have people so steeped in crypto driving our policies towards it? I'm trying to not involve politics but its really difficult when some of those people running things actually have their own currency?

 

[MountainTracker]

All the shilling of crypto, alt-coins in particular, at government levels feels like generating exit liquidity for the whales at the expense of average Americans. Why does the largest and previously most stable economy in the world in which our native currency is the reserve for the entire world need to start dealing in internet money? Does this not feel crazy to have people so steeped in crypto driving our policies towards it? I'm trying to not involve politics but its really difficult when some of those people running things actually have their own currency?

About as crazy as having bank owners drive US policy to use a banking system not controlled by the gov.

Feel free to take the question over to the Bitcoin thread to not affect this thread, if you want.


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[mostlybirch]

About as crazy as having bank owners drive US policy to use a banking system not controlled by the gov.

Feel free to take the question over to the Bitcoin thread to not affect this thread, if you want.


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Well the push to normalize and legitimize crypto has permeated the stock market as a whole. I would say the ability to put your thumb on the scale of cryptocurrency is orders of magnitude higher than what an individual banker could do.

 

[mostlybirch]

On a serious note, we should be rebuilding the United States Strategic Cheese Reserve before we lose focus and start a doggiecoin reserve.

Cheese Caves and Food Surpluses: Why the U.S. Government currently stores 1.4 billion lbs of cheese

Hundreds of feet below the ground in Missouri, there are hundreds of thousands of pounds of American cheese. Deep in converted limestone mines, caves kept...

www.farmlinkproject.org

 

[BBob]

On a serious note, we should be rebuilding the United States Strategic Cheese Reserve before we lose focus and start a doggiecoin reserve.

Cheese Caves and Food Surpluses: Why the U.S. Government currently stores 1.4 billion lbs of cheese

Hundreds of feet below the ground in Missouri, there are hundreds of thousands of pounds of American cheese. Deep in converted limestone mines, caves kept...

www.farmlinkproject.org

“So, in 1977, then-President Jimmy Carter decided to pour money into the dairy industry”

And there you have it, Jimmy Carter the economics mastermind

 

[fmyth]

All the shilling of crypto, alt-coins in particular, at government levels feels like generating exit liquidity for the whales at the expense of average Americans. Why does the largest and previously most stable economy in the world in which our native currency is the reserve for the entire world need to start dealing in internet money? Does this not feel crazy to have people so steeped in crypto driving our policies towards it? I'm trying to not involve politics but its really difficult when some of those people running things actually have their own currency?

No one in our government has their own currency. If you are referring to the Trump and Melania coins they are simply collectibles and were marketed as such. No one thinks they are currency or any more of an investment than the Beanie Babies were.

 

[MountainTracker]

Rumors India is bombing Pakistan. Not sure how this will affect any tariff deals and production deals. Not sure if it will also cause some market dips.


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[king402]

It seems like every piece of news lately has affected the markets. I'm guessing we will see more volatility the next couple days/weeks.

 

[Pharmseller]

PLTR is waaaay down on seemingly good news.

My butt hurts.





P

 

[MountainTracker]

PLTR is waaaay down on seemingly good news.

My butt hurts.





P

Wow, didn’t they have a good earnings report a few days ago?


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[MountainTracker]

Well the push to normalize and legitimize crypto has permeated the stock market as a whole. I would say the ability to put your thumb on the scale of cryptocurrency is orders of magnitude higher than what an individual banker could do.

Yeah except what I’m referring to involved 7 individuals most of whom were bankers, or had connections to bankers and together they owned one-sixth of the world’s wealth.


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[mostlybirch]

No one in our government has their own currency. If you are referring to the Trump and Melania coins they are simply collectibles and were marketed as such. No one thinks they are currency or any more of an investment than the Beanie Babies were.

"No one in our government has their own currency. If you are referring to the Trump and Melania coins they are simply collectibles and were marketed as such. No one thinks they are currency or any more of an investment than the Beanie Babies were."


added emphasis.

Nobody thinks these particular meme coins are going to be a currency or an investment, they are just a very convenient way of moving money around the emolument clause

 

[Historybuff]

msty dividend was announced at $2.37 for this period. Life is good.

 

[SWFLhntr]

Hell yes.

 

[Poser]

58 crypto wallets made over 10 million dollars each on Trump meme coins. 764,000 wallets have lost money.

You may recall the initial meme coin went on sale at 2 AM on a Sunday morning and was not announced to the public prior to going on sale.

 

[MountainTracker]

View attachment 876723msty dividend was announced at $2.37 for this period. Life is good.

Like the mug


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[Historybuff]

Like the mug

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Thanks, i had to get some merch. Ive always liked Saylor cause I'm a bitcoin maxi. But now that I'm living good on msty and my bitcoin in cold storage is gathering dust. I've become a pretty big fan boy of mstr.