The StoNks thread

[Spud]

Originally Posted by GMT6 [You must be logged in to view images. Log in or Register.]

Bitcoin isnt real and they have no value at all, we are very close to the treasury basically making them illegal.

The value of bitcoin, or of anything, is what people are willing to pay for it. What is the value of the US dollar when the treasury can just print it endlessly? Each bitcoin was mined by converting real energy into it. Each dollar was printed by central bankers making a decision and hitting a button.

Why do you think the treasury is close to making it illegal? That's not true at all. We have US senators and representatives who are bitcoiners. Mayors major US cities, CEO's... all coming around to it. It is becoming too entrenched for a full ban at this point.

Even if major nation were to ban (ie China, India), it has happened in the past the price of bitcoin went up.

If the US were to ban bitcoin for some reason, it would be a major blow to innovation in the cryptocurrency space. Game theory would then dictate that another competing nation such as China, India or Russia would out perform the US.

Even with a ban, anyone can easily buy or sell Bitcoin by using a VPN.

Originally Posted by GMT6 [You must be logged in to view images. Log in or Register.]

I am not against crypto but a real company needs to launch one for it to be viable.

Sorry but this is completely wrong. Crypto is all about decentralization. For it to work, you can't have a central authority involved otherwise it would be a security and essentially a Ponzi scheme.

[Knuckle]

Originally Posted by GMT6 [You must be logged in to view images. Log in or Register.]

Bitcoin isnt real and they have no value at all, we are very close to the treasury basically making them illegal.

I am not against crypto but a real company needs to launch one for it to be viable.

This week will be hundreds of entry points for investments as many of these hedge fund losers have to dump stocks to pay off their shorted positions

The market will bomb over the next 2 weeks, if you have money get it ready. If you find a stock that took a big hit post it here.

they are calling monday MOONDAY and all the apes are still holding, Most of the children still believe these brokers will pay their gamestop positions when they sell and im sure some will get the money, but i read multiple people had their stock positions closed at much lower values because the firms didnt have the money to pay.

Remember, when you agree to a disclaimer at fidelity, TDAmeritrade, or whatever you are using, theres all kinds of fine print that dont guarantee anything.

Bitcoin is the pioneer of a new digital currency, deregulation is no longer a dream, big money and government got involved, so now even if you cant track the paper trail, the govt does track your deposit/withdrawal from the exchange.

That being said, I think it's really hard to say bitcoin doesnt have value, every currency that is not a good has value as long as there is trust in its value. Currently the bitcoin is signficantly more valuable than the dollar, it is a finite resource that the govt can't print on demand, and is fairly powerfully protected as far as the currency itself, maybe not the exchanges people hold it on though, and there is the crux.

I think that, i really hurt myself, off of shortterm and longterm profit, by not continuing to hold BTC, its value can only go up as it will become more scarce as people lose BTC on old harddrives and/or die with it encrypted, so almost like a commodity..

It's hard to look that far ahead when crypto is still so volatile, but people are INCREASINGLY plugged into digital landscapes, perhaps COVID accelerated the easy acceptance of secure digital currency, but the irony is it is treated like gold/silver and if the stockmarket/economy starts to go belly up, it currently inflates itself as people 'panic buy' to diversify their assets.

[maskedmelon]

Too late to short GME, or still a chance I get fucked with the big bois? It looks like a lower high is in. One more pump or are we already to the dump?

[Gwaihir]

Originally Posted by maskedmelon [You must be logged in to view images. Log in or Register.]

Too late to short GME, or still a chance I get fucked with the big bois? It looks like a lower high is in. One more pump or are we already to the dump?

Nah it aint over yet, plus they doubled down on buying more puts last Friday, so if it baloons up over 400 they're exponentially fucked.


Remember, these are only the "weeklies" playing out here. The real prize is balooning it until April 16th (the Quarterlies) or 2/19 if you're looking for the upcoming "monthly" options.

A considerably "out of the money" Call Credit Option Spread may be in order here. The cosmos tellin me the magic numbers for that would be a Feb 19 500/510 Call credit spread netting you 303$ for a 697$ risk.

[maskedmelon]

Originally Posted by Gwaihir [You must be logged in to view images. Log in or Register.]

Nah it aint over yet, plus they doubled down on buying more puts last Friday, so if it baloons up over 400 they're exponentially fucked.


Remember, these are only the "weeklies" playing out here. The real prize is balooning it until April 16th (the Quarterlies) or 2/19 if you're looking for the upcoming "monthly" options.

A considerably "out of the money" Call Credit Option Spread may be in order here. The cosmos tellin me the magic numbers for that would be a Feb 19 500/510 Call credit spread netting you 303$ for a 697$ risk.

Exponentially fucked is pretty severely fucked. A 2+:1 risk reward ratio seems pretty terrible too. I will abstain for now. Thank you 🙏 😊

[Kaveh]

Originally Posted by maskedmelon [You must be logged in to view images. Log in or Register.]

Exponentially fucked is pretty severely fucked. A 2+:1 risk reward ratio seems pretty terrible too. I will abstain for now. Thank you 🙏 😊

lol

Your risk is much higher if you just outright buy the stock

[Zipity]

Originally Posted by GMT6 [You must be logged in to view images. Log in or Register.]

was a good entry point today at 213 it wont get that low for a while

it wont go to the moon like they say but it will go up again probably 100-200 points a few days this week

unfortunately you probably have no money in real life so no point even pretending you will buy a position in anything

Wow I can just do the opposite of what you say and make a killing in the market! Someone get this guy who bought his shares at $213 today A happy meal before he commits seppuku! GME over 55% down and under $100/share

[imperiouskitten]

Originally Posted by GMT6 [You must be logged in to view images. Log in or Register.]

bitcoin will never hit 100k its inflated and ready to be worth nothing any day now

its a gigantic scam created by some japanese guy that was never meant to be taken seriously, the idea is awesome, but a real company needs to design a real currency for it to be worth more then 0

PS You still cant buy bitcoin or bitcoin funds on fidelity for a reason

lol real company real currency.

do you mean real country? backing of force is the only fundamental thing to change about bitcoin

[Kaveh]

Originally Posted by GMT6 [You must be logged in to view images. Log in or Register.]

there is no risk to buy the stock as you can put a stop 1 point below and lose almost nothing

While that’s true, it’s so volatile that you’d also make nothing. Pointless as it would sell instantly

[imperiouskitten]

Originally Posted by Kaveh [You must be logged in to view images. Log in or Register.]

While that’s true, it’s so volatile that you’d also make nothing. Pointless as it would sell instantly

everything that account says is fully idiotic