Crypto-Currencies and Bitcoin

[natedagg]

Sorry I edited after my post. GBTC. It’s a Bitcoin Investment Trust

Can't get a borrow on GBTC. That's factually overvalued, based on their NAV, which has to be reported every day. It was trading 85% above NAV a few days ago. This is a simple way of saying that if you can get a borrow to short it, you buy the equivalent amount of BTC and wait for the price points to converge...

As far as cryptos, the first thing you should do is spend hours of time watching youtube and reading about them. My experience with BTC is it's slow and expensive. I just took profits on XRP and put it all into IOTA. Huge disclaimer: This is not investment advice and I am not a tech guru. I just see what IOTA is trying to do, and I am a believer. It's a strange place to be in because I really don't think BTC will be around very long, whereas XRP is already being adopted by large institutions.

Moz if you are talking about $300, then who gives a fuck either way? Just slap $3K in there so that if you get a meaningful rally, it'll turn in to something... I'd say just have a plan like $1K at $1, another at $.80, another at $.60, and see big gets hit... Don't use exact dollar amounts tho, since everyone will sit at $1, go $1.03 or .94... Jut an idea...

Oh, and here's an important one: https://coinmarketcap.com/ . To help with the ups and downs, it's nice to have market cap numbers. That way you can say to yourself, is Ripple and its technology worth $38B or not? Is Iota worth $10B or not? I think that's very important to decide, from a fundamental perspective.

I am no expert in any of this. It's just a hobby - I am also just trying to pick what retail will pile into next so that I can sell to them. Let me tell a scary story, too, just to give you an idea of how weird all this is: There's a coin called Cardano (ADA) and it's a big coin. I slap a few thousand in there because anyone new would buy something under 2 quarters to get rich, and I figured I am ahead of them. Cardano has a great story b/c a co-founder of Ethereum went there, and once that gets out there, it's really easy for idiots to take a gamble on a $.47 thing hoping it's the next Bitcoin. So next day it's at $.54. I am nosing around their site and get to here: https://www.cardanohub.org/en/genesis-block-distribution/ . I bust out the calculator and... this .54 thing was bought for an average price of $.00238 from 2015-2017! So these guys are sitting on a 226 bagger?!? Yeah....NO. Sold most at .54, the rest at .48 and peace out. Now it's at $.37. I will take a look around .12(?). My point is that if anyone is going to put $ in these things, I DO think the technology is going to change the world, but please at least research the fucking things you put your $ into. Have a plan if the money is more than $300.

 

[Triplethreat]

Can't get a borrow on GBTC. That's factually overvalued, based on their NAV, which has to be reported every day. It was trading 85% above NAV a few days ago. This is a simple way of saying that if you can get a borrow to short it, you buy the equivalent amount of BTC and wait for the price points to converge...

As far as cryptos, the first thing you should do is spend hours of time watching youtube and reading about them. My experience with BTC is it's slow and expensive. I just took profits on XRP and put it all into IOTA. Huge disclaimer: This is not investment advice and I am not a tech guru. I just see what IOTA is trying to do, and I am a believer. It's a strange place to be in because I really don't think BTC will be around very long, whereas XRP is already being adopted by large institutions.

Moz if you are talking about $300, then who gives a fuck either way? Just slap $3K in there so that if you get a meaningful rally, it'll turn in to something... I'd say just have a plan like $1K at $1, another at $.80, another at $.60, and see big gets hit... Don't use exact dollar amounts tho, since everyone will sit at $1, go $1.03 or .94... Jut an idea...

Oh, and here's an important one: https://coinmarketcap.com/ . To help with the ups and downs, it's nice to have market cap numbers. That way you can say to yourself, is Ripple and its technology worth $38B or not? Is Iota worth $10B or not? I think that's very important to decide, from a fundamental perspective.

I am no expert in any of this. It's just a hobby - I am also just trying to pick what retail will pile into next so that I can sell to them. Let me tell a scary story, too, just to give you an idea of how weird all this is: There's a coin called Cardano (ADA) and it's a big coin. I slap a few thousand in there because anyone new would buy something under 2 quarters to get rich, and I figured I am ahead of them. Cardano has a great story b/c a co-founder of Ethereum went there, and once that gets out there, it's really easy for idiots to take a gamble on a $.47 thing hoping it's the next Bitcoin. So next day it's at $.54. I am nosing around their site and get to here: https://www.cardanohub.org/en/genesis-block-distribution/ . I bust out the calculator and... this .54 thing was bought for an average price of $.00238 from 2015-2017! So these guys are sitting on a 226 bagger?!? Yeah....NO. Sold most at .54, the rest at .48 and peace out. Now it's at $.37. I will take a look around .12(?). My point is that if anyone is going to put $ in these things, I DO think the technology is going to change the world, but please at least research the fucking things you put your $ into. Have a plan if the money is more than $300.

Damn....

Sucks that you're going to have $100 less to play around with once Josh Allen goes in the first though Dagg...

@RG

 

[natedagg]

Damn....

Sucks that you're going to have $100 less to play around with once Josh Allen goes in the first though Dagg...

@RG

I expect to be paid in IOTA when Josh Allen is taken in the end of the 2nd round.

 

[The Wizard of Moz]

Can't get a borrow on GBTC. That's factually overvalued, based on their NAV, which has to be reported every day. It was trading 85% above NAV a few days ago. This is a simple way of saying that if you can get a borrow to short it, you buy the equivalent amount of BTC and wait for the price points to converge...

As far as cryptos, the first thing you should do is spend hours of time watching youtube and reading about them. My experience with BTC is it's slow and expensive. I just took profits on XRP and put it all into IOTA. Huge disclaimer: This is not investment advice and I am not a tech guru. I just see what IOTA is trying to do, and I am a believer. It's a strange place to be in because I really don't think BTC will be around very long, whereas XRP is already being adopted by large institutions.

Moz if you are talking about $300, then who gives a fuck either way? Just slap $3K in there so that if you get a meaningful rally, it'll turn in to something... I'd say just have a plan like $1K at $1, another at $.80, another at $.60, and see big gets hit... Don't use exact dollar amounts tho, since everyone will sit at $1, go $1.03 or .94... Jut an idea...

Oh, and here's an important one: https://coinmarketcap.com/ . To help with the ups and downs, it's nice to have market cap numbers. That way you can say to yourself, is Ripple and its technology worth $38B or not? Is Iota worth $10B or not? I think that's very important to decide, from a fundamental perspective.

I am no expert in any of this. It's just a hobby - I am also just trying to pick what retail will pile into next so that I can sell to them. Let me tell a scary story, too, just to give you an idea of how weird all this is: There's a coin called Cardano (ADA) and it's a big coin. I slap a few thousand in there because anyone new would buy something under 2 quarters to get rich, and I figured I am ahead of them. Cardano has a great story b/c a co-founder of Ethereum went there, and once that gets out there, it's really easy for idiots to take a gamble on a $.47 thing hoping it's the next Bitcoin. So next day it's at $.54. I am nosing around their site and get to here: https://www.cardanohub.org/en/genesis-block-distribution/ . I bust out the calculator and... this .54 thing was bought for an average price of $.00238 from 2015-2017! So these guys are sitting on a 226 bagger?!? Yeah....NO. Sold most at .54, the rest at .48 and peace out. Now it's at $.37. I will take a look around .12(?). My point is that if anyone is going to put $ in these things, I DO think the technology is going to change the world, but please at least research the fucking things you put your $ into. Have a plan if the money is more than $300.

Shame on literally every human being in this thread for not IMMIDATELY tagging Dagg upon seeing the thread

He should be a required part of all investment discussions.

 

[The Wizard of Moz]

I expect to be paid in IOTA when Josh Allen is taken in the end of the 2nd round.

I’ll be the clearing house if you guys want to make an exotic option on the payment for Josh Allen’s draft position

Finance jokes! now we’re cooking with grease, Wew!

 

[natedagg]

Shame on literally every human being in this thread for not IMMIDATELY tagging Dagg upon seeing the thread

He should be a required part of all investment discussions.

Shame on every human being and the 53 robots on RCF.

Really tho, there are so many parts of finance and trading is my favorite. Position size, risk management, speculating for profit, etc. There's also Tax Laws, Estate Planning, etc. RCF is so retail and everyone's an expert so I don't typically don't post about it. On this one I could lose my ass but I am comfortable with that notion. I just hope I don't steer anyone in the wrong direction or to take my word as gospel. I am just a guy with some opinions.

Let's get @gourimoko in here to either get me to draw on a HELOC to fund more IOTA or sell it all immediately. I'll get him up to speed (this reading, with his bots will take him 5 minutes and the rest of us like 2 hours):
https://seekingalpha.com/article/4131577-iota-iot-capable-technology-alternative-blockchain
https://seekingalpha.com/article/4131847-next-bitcoin-take-hard-look-iota?v=1513614044&comments=show
https://seekingalpha.com/article/4133294-iota-next-bitcoin

If anyone is going to invest, hopefully they at least read those and watch some youtube videos on it...

 

[The Wizard of Moz]

And just like that the Coin comes roaring back

I’m telling you everyone thinks they’re going to time the bubble popping and a LOT of people are going to lose a ton of money in the process

 

[natedagg]

And just like that the Coin comes roaring back

I’m telling you everyone thinks they’re going to time the bubble popping and a LOT of people are going to lose a ton of money in the process

Stick a moving average on the chart and ride the wave. If the fair value is x, don’t try to guess whether we are 80% or 120% of x, just set a stop loss and ride the wave.

It can’t even gap down bc it’s always open... I still thing BTC sucks but some of these other ones aren’t Betamax. Time will tell.

 

[Sebastian]

Start having sex with people at Amazon.

The day they announce they'll accept bitcoin the value will soar. At which point you should sell.

 

[The Wizard of Moz]

Start having sex with people at Amazon.

The day they announce they'll accept bitcoin the value will soar. At which point you should sell.

I just can’t see it happening

It’s just... it’s just not a viable currency right now. I view it as a commodity. There’s too many flaws with it that violate the basic essential needs for a currency

 

[macbdog]

I expect to be paid in IOTA when Josh Allen is taken in the end of the 2nd round.

The only QBs who fall are ones whose measurables are lacking. Allen's are not, in fact he will probably rise after workouts and combine by gif measurables alone.

 

[Sebastian]

I just can’t see it happening

It’s just... it’s just not a viable currency right now. I view it as a commodity. There’s too many flaws with it that violate the basic essential needs for a currency

What if Amazon establishes Amazon Dark: "For all the things you really need but are ashamed to admit to in front of other people."?

 

[The Wizard of Moz]

The only QBs who fall are ones whose measurables are lacking. Allen's are not, in fact he will probably rise after workouts and combine by gif measurables alone.

Put your IOTA where your mouth is pal

 

[The Oi]

What if Amazon establishes Amazon Dark: "For all the things you really need but are ashamed to admit to in front of other people."?

Do you have problems buying toilet paper in front of people you find attractive?

I still have a minor hangup about picking out toilet paper in front of attractive women when I’m assigned to shopping trips.

Like, I’m married so I’m obviously not on the market so that’s a given. So I’m not gonna fuck the woman in the toilet paper aisle that’s picking out vitamins on the other side for her kids. In a way, that takes the pressure off a little bit.

But I still just don’t like the idea of her shooting a picture through her mind of me wiping my shitty ass after I eat the corn and pork shoulder I’m juggling in my left hand that I also decided to buy on a whim during the same trip.

Maybe she’s not even thinking about it. But goddamnit, I’m thinking about her thinking about it.

 

[Sebastian]

Do you have problems buying toilet paper in front of people you find attractive?

I still have a minor hangup about picking out toilet paper in front of attractive women when I’m assigned to shopping trips.

Like, I’m married so I’m obviously not on the market so that’s a given. So I’m not gonna fuck the woman in the toilet paper aisle that’s picking out vitamins on the other side for her kids. In a way, that takes the pressure off a little bit.

But I still just don’t like the idea of her shooting a picture through her mind of me wiping my shitty ass after I eat the corn and pork shoulder I’m juggling in my left hand that I also decided to buy on a whim during the same trip.

Maybe she’s not even thinking about it. But goddamnit, I’m thinking about her thinking about it.

Thinking about it now. Lol.