The Rokslide Stock Traders Thread

yeky83 said:
I thought I was responding to the notion that Bitcoin will be adopted as some kind of currency or monetary standard, but looks like I might've misread it. If the notion is that it's just a deflationary store of value, OK. That's kind of by definition what it is so no argument there.
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If I'm being honest I'm not entirely sure what you were responding to, I just took your comments at face value. If I misread your argument I apologize.

If the argument was that it should be currency as we understand it, then that did deserve to be criticized. Transactions are to slow and resource intensive.

Now as a monetary standard or a backer of currency that's a different story. I would be concerned with holding any currency solely backed by Bitcoin, at least until we see how quantum computing changes things.. Now a portfolio of Bitcoin and non digital assets such as gold, silver, etc that's an entirely different story.

In a future where the $ has collapsed I could see a monetary system with a suite of tools that revolve around bitcoin. If for no other reason than this one simple question, if the $ collapses tomorrow what currently existing option would be better than Bitcoin? Every country will try to push their currency with their own unique digital currency. Are you going to trust any of them? Are they going to trust one another's currency in trade? All on the heals of the chaos that will be caused by a collapsed $.
 
Funny, I'm putting this here; I rarely pay attention to Jim Cramer on CNBC as I've seen his bad calls many years ago and know of his horrible track record as a hedge fund manager...contrary to what her claims now. In fact, My son follow an index that is opposite of Cramer...for awhile it did much better than he did just doing the opposite.

so I hear him make the statement on the morning show yesterday that he sold all of his GOOG and recommended his minions do the same. Since then GOOG is up 16% in appx 7 weeks.

I saw that news and commented here I was considering selling...for about 5 minutes until I looked at Googles business.....they have a great profit margin and print money.
 
yeky83 said:
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.
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Someone was right and said it here that bitcoin is more of a store of value.....then to add- a store of value outside of the banking system.

The international agency in charge of monetary settlements recently laughed off using Bitcoin as currency and settlements between countries, that doesn't look like it will happen.

If I owned Bitcoin, my would worry it will become obsolete and a zero store of value.

The SoftBank CEO on CNBC laid out the changing environment of digital asset and payments. Pretty fascinating if you can find it. His claim is that these cross border transactions will become ubiquitous/ seamless. The problem now is the governments can't keep up regulation wise...but he thinks there will be some good stuff with all of this in the next few years.
 
Beendare said:
Someone was right and said it here that bitcoin is more of a store of value.....then to add- a store of value outside of the banking system.

The international agency in charge of monetary settlements recently laughed off using Bitcoin as currency and settlements between countries, that doesn't look like it will happen.

If I owned Bitcoin, my would worry it will become obsolete and a zero store of value.

The SoftBank CEO on CNBC laid out the changing environment of digital asset and payments. Pretty fascinating if you can find it. His claim is that these cross border transactions will become ubiquitous/ seamless. The problem now is the governments can't keep up regulation wise...but he thinks there will be some good stuff with all of this in the next few years.
Click to expand...

Lots of talk and speculation that these seamless international transactions are where XRP comes into play. It was designed to do just that.
 
Beendare said:
Someone was right and said it here that bitcoin is more of a store of value.....then to add- a store of value outside of the banking system.

The international agency in charge of monetary settlements recently laughed off using Bitcoin as currency and settlements between countries, that doesn't look like it will happen.

If I owned Bitcoin, my would worry it will become obsolete and a zero store of value.

The SoftBank CEO on CNBC laid out the changing environment of digital asset and payments. Pretty fascinating if you can find it. His claim is that these cross border transactions will become ubiquitous/ seamless. The problem now is the governments can't keep up regulation wise...but he thinks there will be some good stuff with all of this in the next few years.
Click to expand...
Bitcoin has surpassed Google and is now the 6th largest/most valuable asset in the World with a market cap of 2.13 Trillion. I don't think it's going away anytime soon.

Nvidia (NASDAQ: NVDA) has been a shining star of the artificial intelligence (AI) boom. Its 912% return since January 2023 is the second best in the S&P 500 (SNPINDEX: ^GSPC). Yet the following hedge fund managers listed sold Nvidia and bought the iShares Bitcoin Trust (NASDAQ: IBIT) in the first quarter:

Billionaire Ken Griffin of Citadel Advisors sold 1.5 million shares of Nvidia, cutting his stake 50%. He also added 2 million shares of the iShares Bitcoin Trust, upping his position 195%.

Billionaire Steven Cohen of Point72 Asset Management sold 2 million shares of Nvidia, cutting his stake 50%. He also added 1.3 million shares of the iShares Bitcoin Trust, upping his position 49%.
 
Beendare said:
Funny, I'm putting this here; I rarely pay attention to Jim Cramer on CNBC as I've seen his bad calls many years ago and know of his horrible track record as a hedge fund manager...contrary to what her claims now. In fact, My son follow an index that is opposite of Cramer...for awhile it did much better than he did just doing the opposite.

so I hear him make the statement on the morning show yesterday that he sold all of his GOOG and recommended his minions do the same. Since then GOOG is up 16% in appx 7 weeks.

I saw that news and commented here I was considering selling...for about 5 minutes until I looked at Googles business.....they have a great profit margin and print money.
Click to expand...
AI is a serious threat to Googles search revenue.
 
The book Broken Money by Lyn Alden does a good job of explaining money and why pretty much every currency ever has failed or has had its value eroded by governments. The value behind any money is the ledger that stores the value so exchange can occur between parties. Bitcoin and other cryptocurrencies that are not controlled by governments are an alternative to a monetary system that can be debased by others (governments).

Bitcoin in particular has a finite amount that will ever be produced, it’s decentralized, and has the first mover advantage in the crypto space. The bitcoin thread on here has example after example of it becoming more main stream.

I’m not going to tell you to invest in it but spend some time trying to understand why bitcoin is becoming so prominent and you will likely come to the conclusion that many here have.
 
Idk if you guys read or saw the video of the Tesla model y rolling off of the production line and then delivering itself to the owner. Pretty interesting, I’m sure a buyer will need to be so close to a production plant but the fact that it can be done is the beginning of what the future will look like. Also the robo taxi is going to eliminate taxi and other ride companies.


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MountainTracker said:
Lots of talk of MSTR being added to S&P 500, MSTR ticking up in after hours. If this happens it will be a fuel for the price and legitimize btc even more.


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Click to expand...
Strategy (MSTR) has been added to the Russell Top 200 Value Index, Russell Top 200 Growth Index and the Russell Top 200 Index.
 
I’m long for the short term. Google, AAPL, INTC Jan 26’ calls all paying. I think things will get more clear once the current admin policies start hitting (for better or worse)
 
Sol etf to launch on Wed under SSK, I don’t see anything about staking yet.

Also, RWA aka tokenized assets, are now trading on solana through Jupiter and Phantom, you can now pair trade things like Tesla with some dumb *hit coin if you want. You can trade 24/7, it will be interesting to see how this eats into the current market system.

I’ve used Jupiter for leverage trading of crypto, pretty easy to use. Imo sol is under valued compared to other L1s


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