OT: Stock and Investment Talk
- Thread starter RU-05
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Cree's original opportunity was LEDs. Yes. GE was/is a big investor, as I recall. CREE LEDs are all over the place. But now the focus is on supplying chips to the EV market. GM is a leading client.
https://www.newsobserver.com/news/business/article254656622.html
How long have you been around blockchain, crypto and BTC? They have been talking adoption FOR YEARS. Other than PR stunts like El Salvador, NFT nonsense to avoid crypto taxation, whale pumpers and Musk Doge antics, etc. the commercial opportunities have yet to meaningfully materialize. There is a reason that venues have yet to shift to a blockchain solution to track tickets. Hope you make a killing on crypto and then get out with profits before it goes sideways.
And the funny thing is that besides being a measurement/store of value gold is a component in the very devices that produce those strings of 0s and 1s.
For those looking for other ways to play volatility, the put options on 3x leverages ETF's for S&P 500 (UPRO) and Nasdaq (TQQQ) are going off today. More than makes up the down day in the market. I love buying protection for days like today. The options on 3x leveraged ETF's are fun.
The Proshares 2X S&P 500 may be an interesting play (or the 3X if you have the stomach), especially if the chicken littles have a few more good days.
Are you denying that bitcoin was established by Asian gangsters, or just being obtuse? You're familiar with credit expansion, still buying the "21 million" myth?
The long term gains on the leverages ETF's are not worth the risk. I could go through the math for you, but you should just take my word.
This seems to prove otherwise:
SSO – Performance – ProShares Ultra S&P500 | Morningstar
SSO Performance - Review the performance history of the ProShares Ultra S&P500 to see it's current status, yearly returns, and dividend history.
It’s all you… go for it.This seems to prove otherwise:
SSO – Performance – ProShares Ultra S&P500 | Morningstar
SSO Performance - Review the performance history of the ProShares Ultra S&P500 to see it's current status, yearly returns, and dividend history.www.morningstar.com
Only if the chicken littles pull a March 2020 2.0. That's when I would go for it.
Youre citing China as a validator of good govt or fiscal policy. China has banned crypto how many years in a row now? Seriously, how is it a scheme? Please expound on this. I would love to hear this, but no innuendo. Please show me how it's the "biggest scheme in the history of finance" and all the people you cite know it.
You keep claiming the ES president has been paid. Please show me where this even faintly being discussed with any validity. You also claim it's a fiasco. Please explain to me how $0 remittance payments are a fiasco. Please explain to me how the family who would have to deal with excessive Western Union fees to receive money thinks this is a fiasco. Explain to me how the 3 mill residents of ES who have downloaded and using the Chivo wallet are experiencing a fiasco.
Now mind you, with ES, I'm extremely interested to see what usage looks like in month two. Is there a drop off? Is there continued use? Is the amount of BTC flowing in continuing to rise? These are all things I'd like to see, before anyone could even begin to declare that it's this is a "fiasco."
You're right. It's been years. In years past it's been announcements, promises and ICO's. Those days are long gone. Either you have a viable project or your coin/token is a shit coin.
But adoption is occurring globally. Tell the people of the Philippines who have made more money in a month playing Axie Infinity than they did in a years salary.
What NFT nonsense is occurring to avoid taxation?
People are buying NFT's because they understand the Metaverse is slowly going to dominate how we live, and digital life already usurps real life for youth. You will be going to digital art galleries in a short time.
Yes there are countless whale pumpers of shitcoins. There's countless pumpers of dogshit stocks. Is Musk shilling Doge REALLLLLLLY any different that Cramer or any of the Halftime experts on CNBC shilling their stocks? Is it any different than the Fed and their stock scandals the last few weeks? Is it any diff than Pelosi and other house members using their knowledge to buy and sell stocks?
You're right, there's a reason why no one has shifted yet. The tech isnt that easy YET. Yet being the key word there. Have you gone to a Rutgers game this year? Whats missing... physical tickets. What's coming within the next 3 -5 years (high estimate) NFT tickets.
This will all continue to simplify as tech evolves. Look at getting online as the example. It went from Modems dialing into BBS', to dial up Prodigy, to MS-DOS command line peer to peer video games, to AOL dialup to ISDN, to cable internet, to 3g, 4g, 5g. It's all evolved and gotten easier each step of the way. Ctypto has gotten much easier. DEFI is simplifying.
Instead of just shitting on it, I'd truly love for you to dive deeper w/o your "crypto is the biggest global finance scam ever" googles on. I'll be the first to admin that there's a ton of garbage out there in crypto land. Shitcoins, shit shillers, shit influencers, I could go on. But at the end of the day, there is a life changing shift changing occurring with this technology. You are extremely knowledgeable in the market, it's my hope that you could walk back some of your bias for a moment and try to get a true understanding of the change that is happening.
It was started by the same guy who coined the term "Colonial Crescent"
Satoshi was most likely Hal Finney.
slowdown cupcake, I've forgotten more on the mkts than you will ever know.
again, irony escapes you
all very true but hey, having a medium of exchange outside of gov't control is deemed evil by the new order. gangsters...lol
2008 almost saw the mmkts seize and if so, good bye financial mkts as we see them. We'd of been back to the colonial period skinning wampum for food
I guess some folks are scared of what they don't understand. Gee, just spend some time learning about crypto instead of whining so much! :)
I appreciate your passion for crypto. No doubt it’s made many people rich. But all of this speculative coin nonsense is exactly that - nonsense. You don’t need a bunch of speculative coins, regardless of whether they are stable coins or shit coins, in order to launch next generation technology like blockchain. For some reason, you crypto nuts can’t divorce the coin scheme from the technology. If Rutgers wants to use blockchain for ticket sales they are going to buy the solution from an established tech company with SLAs and an account rep to scream at when there is an issue. It’s the same reason DeFi will never work. When some idiot fat-fingers a coding error and a platform shits the bed or funds are lost who is accountable? What’s your recourse - doxxing the guy? Fraud and rug pulls will only get worse. And for this reason the commercialization opportunities have yet to materialize. And while I despise China for many reasons I think we can all agree that they aren’t stupid. Not only does China know it’s a scheme but they will not let it threaten their financial system or their ability to launch their own digital currency. The US will follow suit although take a more tactful approach through the IRS and onerous reporting obligations. NFTs are nothing more than a hobby and/or a tax shelter. Either is fine with me because I like collectibles and made a few bucks back in the day selling baseball cards. But NFTs are going nowhere in the long run because there is no barrier to entry and the number of NFTs that can be created are basically infinite. I was knee deep in the Second Life craze so I’ve seen this movie before. People were buying up virtual real estate like it was the great land rush of 1889. Worthless now. With regard to zero remittance/transaction fees, there is no such thing. Someone always pays. But perhaps the biggest knock on crypto is that there is not a single Silicon Valley tech titan or World Financial powerhouse that has taken any meaningful role in it’s development. Looks what happened to FB with Libra/Diem. If that’s not a cautionary tale I don’t know what else to tell you. In the end, this charade is all perpetuated by crypto pumpers/whales and those that stand to benefit. I’m sure you know who El Salvador selected for their “official bitcoin wallet provider” = it’s
BitGo, which just so happens to be backed by Mike Novogratz. If you don’t think Novogratz, a billionaire pumper that shows his face on CNBC every single time BTC is about to drop below the 50 day moving average, made El Salvador’s president a rich man I have a NFT of a bridge to sell you.
Rolled a couple calls for the first time.
Both were solidly in the money, one I rolled out to a higher strike but for the same date(Oct 15th). Another I rolled out to a higher strike and a later date(From Oct 15th to Nov 19th).
The former cost me some premium, but the return on the strike outweighed that premium. The latter cost me no money, but pushed out the date by a month.
Both were solidly in the money, one I rolled out to a higher strike but for the same date(Oct 15th). Another I rolled out to a higher strike and a later date(From Oct 15th to Nov 19th).
The former cost me some premium, but the return on the strike outweighed that premium. The latter cost me no money, but pushed out the date by a month.
Short report out on CEI today, down 58% currently. People following Twitter pumpers just got a rough life lesson.
Interesting story. Amazing how some of these small caps get away with things like this for so long.
This is some VERY expensive gas.
November contracts at the Dutch TTF hub — a European benchmark for natural gas — were trading at around 118 euros per megawatt hour (MWH) just after midday in London. The front-month contract was up almost 19% on the day, setting a new record high, and has risen almost 400% since the start of the year.
In the U.K. — which has been hit particularly hard by the surging cost of wholesale natural gas — prices for November rose 14% to £2.79 per therm on Tuesday. Meanwhile, British wholesale gas for immediate delivery rose by 23% to £2.50 per therm.
MSN
www.msn.com
November contracts at the Dutch TTF hub — a European benchmark for natural gas — were trading at around 118 euros per megawatt hour (MWH) just after midday in London. The front-month contract was up almost 19% on the day, setting a new record high, and has risen almost 400% since the start of the year.
In the U.K. — which has been hit particularly hard by the surging cost of wholesale natural gas — prices for November rose 14% to £2.79 per therm on Tuesday. Meanwhile, British wholesale gas for immediate delivery rose by 23% to £2.50 per therm.
I guess wind and solar aren't quite ready to cover 100% with current storage capabilities. Don't know much about Europe's transmission network, but I wonder how much Germany's shut down nukes could have done to alleviate things.
Storage is pretty limited in nat gas, that's why you see the so much volatility in price.
Europe gets most of the gas from Ukraine/Russia. Putin pulls back supply once and while to remind them who is boss.
I'm talking about electricity and storage of green generated power. Lessen the need for nat gas.
Not much of that either. If anyone ever solves that issue they will be richer than Putin and Musk combined.
That's why the Germans are so committed to alternative energy. It's not about climate change, its about not being dependent on Russia for energy.
Disagree about the Germans. If their primary concern was independence from Russia their nukes would still be generating. No tsunami threat, no earthquake fault lines, but better Putin's Puppy then keep the nukes running.
I agree that's what they should be doing but they haven't because the German public has been against nuclear power for a long time. It's a big issue there:
The history behind Germany's nuclear phase-out
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I agree that's what they should be doing but they haven't because the German public has been against nuclear power for a long time. It's a big issue there:
The history behind Germany's nuclear phase-out
www.cleanenergywire.org
Seems like they came to their senses in 2009 and extended the operating life of the existing plants and reaffirming no new ones. No reason they could not extend those plants for a few more years except it wouldn't be woke and cool. I wonder how the rationalize burning coal because they won't do so. And that's not even considering kow-towing to Putin.
You still skirt around your rationale as to how crypto is the biggest finance scam of all time.
Speculative coins are always going to pop up. There's little to prevent that. just like there's little to prevent a shitty restaurant opening up in a town with a lot of restaurants. People see restaurants busy and simply want to get in.
Youre essentially saying that since there's shitcoins that are scams, all of crypto is a scam. Clearly that's not true.
Is Rutgers going to go with an IBM-like solution at a cost of X (high number) per ticket, or a platform like OpenSea or a yet to be established platform where fees are pennies? They'll go for the cheap option.
Saying that NFT's are a hobby or tax shelter is a fools errand. You say there's no barrier to entry so by default the market is saturated. How is that any different than physical art? There is ZERO barrier to entry there. I could spill marinara sauce on a bunch of paper plates and have an art show selling slices of my san marzano stained sheets of paper.
Reading your 2nd life comments here and in the past, leads me to believe you're jaded by your investment in second life. Did you stop investing in tech stocks because you lost a ton of money on AOL or Yahoo?
And ya Bitgo is behind Chivo. Is it any different than Pfizer, big pharma, big tobacco in the past, or anyone lobbying DC? Our govt simply cant get out of its own way. The amount of money printed the last 2 years scares the hell out of me. The inflation we're seeing and will see frightens me. The future value of the dollar frightens me. I could go on and on. Bitcoin, to me, provides the perfect opportunity to hedge against those fears. If I'm wrong, I'm wrong. Ill have lost $$ I could have stood to lose. I put the odds of that at less than 1% now.
I really dont want to keep going back and forth here. If you want to keep chatting via email or elsewhere, let me know.
If you're using an appreciating asset to cover a consumption good, you've DEFINITELY forgotten more about the markets than I know. I carry a rewards credit card for my personal spending, and borrow against the asset if needed.
No, Madoff was the biggest financial scam of all time. I put crypto in with Pets.com, Gamestop and when bitcoin goes over 60k, Dutch Tulip. IIRC you have not trashed gold while advocating for crypto. Good for you. That would be the ultimate hypocrisy for anyone worrying about inflation and/or the dollar.
lol slowdown cupcake. I sold almost all my btc and eth near the ATHs and kept a very small amount. Doge is the only one I was too early on but only owned about a half million coins and sold in the mid .20s and .30s having owned under .03. I'd be happy to compare portfolio returns if you'd like. The steaks I bought was for fun, first thing I used crypto on actually.
The point of my comment, since you are having trouble keeping up, is that people are saying it's adoption is nil which is simply not the case. I travel quite a bit, I'm seeing it more in Europe as well and would qualify it's adoption as expanding and there is ample evidence to support this.
Now my 'fun' portfolio' is almost devoid of crypto and I've moved to pm mines, selected reits and of course oil & gas. I've added to the latter this year significantly. Gotta pay for that spread down in SC and I want to retire when my last kid goes to college! Taxes suck but I'd rather have half a dollar than not.
If you need any help with the mkts, don't hesitate to ask although I would defer on equities and enterprise valuations to Frida as he's still in that space and probably the smartest guy on here.
good luck oh and BlockChain is the future so get in on that.
to be fair, not all crypto is the same. ETH has real world practical application. Hell, the ECB even has issue debt via the chain. I think in 10yrs, we'll look back on today akin to Prodigy, AOL, etc
Austria banned nuclear power in 1978. Decided not to turn on a fully constructed plant that same year. Meanwhile, right on their border, Slovakia has an operating nuclear plant that is closer to Vienna than the constructed non-started plant. Form over substance.
