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It is currently Thu Mar 28, 2024 1:14 pm
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Waguns stock market thread.....
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Massivedesign
Site Admin
Location: Olympia, WA Joined: Fri Mar 11, 2011 Posts: 38291
Real Name: Dan
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Mine continually wouldn’t process. Then it did. Missed a good sell mark snd a buy mark.
It’s the game.
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Sat May 08, 2021 8:40 pm |
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surevaliance
Site Supporter
Location: AZ Joined: Fri Aug 17, 2018 Posts: 6763
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The Inflation has “finally” arrived. Means now they can’t hide it anymore. https://www.kitv.com/story/43848507/pri ... e-you-look
_________________ FPC member GOA member Corruptissima re publica plurimae leges.
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Sun May 09, 2021 2:07 pm |
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surevaliance
Site Supporter
Location: AZ Joined: Fri Aug 17, 2018 Posts: 6763
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It looks like the $3 trillion to "support Americans during the pandemic" just went down the drain. Believers don't need proof. Read any (!) publications of cryptocurrency supporters. There is complete nonsense behind the "terms". The controversial and energy-intensive blockchain technology is directly tied to the value of the leading cryptocurrency and explains its value in the "market". The absence of emission (indirect tax on capital) and the lack of direct control by the state is declared to be a blessing for society. Somehow, the magnetized hard drives are compared to gold and company stocks. The problem is not even that someone buys and sells something there - they have every right. But these same "freeloaders-partners" will soon rule the world. The very idea of a currency generated on some monstrous "farms" with the expenditure of a really huge amount of electricity looks absolutely contrary to common sense. Money is simply the contractual equivalent of the value of labor that people put into something that is useful to other people. What's useful about "farms"? Nothing. Only thermal pollution, i.e. harm to the environment. The stock market won't even notice the cryptobullshit crash. Well, except that would-be investors will run to the stock market to inflate it even more. But it is more likely that they will run to inflate the commodity market.
"The Emperor's New Clothes" is an old tale that should be included in the school curriculum.
_________________ FPC member GOA member Corruptissima re publica plurimae leges.
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Wed May 19, 2021 7:54 am |
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hkw84
Site Supporter
Location: Renton Joined: Mon Dec 10, 2012 Posts: 220
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https://www.google.com/amp/s/hbr.org/am ... ly-consumeBitcoin doesn't consume that much energy. (approximately 110 terawatts hrs per year, thats only about 0.55% of total electricity used per year globally) There also a lot data suggesting that a large portion of Bitcoin is mined from green/carbon neutral energy. Over 50,000 terawatt hrs is wasted by people being careless with household electronics (leaving lights on, idling electronics, over charging mobiledevices, etc) Block chain technology has many applications besides being used as a currency. Sent from my SM-N975U1 using Tapatalk
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Wed May 19, 2021 8:39 am |
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surevaliance
Site Supporter
Location: AZ Joined: Fri Aug 17, 2018 Posts: 6763
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hkw84 wrote: https://www.google.com/amp/s/hbr.org/amp/2021/05/how-much-energy-does-bitcoin-actually-consume Bitcoin doesn't consume that much energy. (approximately 110 terawatts hrs per year, thats only about 0.55% of total electricity used per year globally) There also a lot data suggesting that a large portion of Bitcoin is mined from green/carbon neutral energy. Over 50,000 terawatt hrs is wasted by people being careless with household electronics (leaving lights on, idling electronics, over charging mobiledevices, etc) Block chain technology has many applications besides being used as a currency. Sent from my SM-N975U1 using Tapatalk That's more energy than whole Argentina consumes annually.
_________________ FPC member GOA member Corruptissima re publica plurimae leges.
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Wed May 19, 2021 9:09 am |
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hkw84
Site Supporter
Location: Renton Joined: Mon Dec 10, 2012 Posts: 220
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https://www.borgenmagazine.com/cryptocu ... countries/The perfect use case for crypto, developing nations can benefit from it! Sent from my SM-N975U1 using Tapatalk
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Wed May 19, 2021 9:52 am |
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WhiskeyTangoFoxtrot
Location: Valley of Maples Joined: Sun Aug 11, 2013 Posts: 260
Real Name: B
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Last few days have been super rough for crypto. I’ve been DCAing in, but, man, it’s rough.
Holding ETH, ADA, MATIC, and LINK
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Wed May 19, 2021 8:30 pm |
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9milli
Location: Tukwila Joined: Wed Sep 9, 2020 Posts: 77
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I got into Dogecoin at 5 cents and sold at 50 cents. Unfortunately I didn't put a lot of money into it. But I look at cryptocurrency as a fun way to gamble due to the insane volatility of it. I'd rather piss away $100 on crypto than go to the casino! Although, I'm slowly divesting most of my crypto at the moment and putting more into VTI for the time being. hkw84 wrote: https://www.borgenmagazine.com/cryptocurrency-improves-developing-countries/
The perfect use case for crypto, developing nations can benefit from it!
Sent from my SM-N975U1 using Tapatalk In regards to cryptocurrency, I don't find the arguments from that article to be very compelling. 1) Cryptocurrency can only reduce corruption/promote transparency only if the government allows it. A corrupt government may be more inclined to ban it outright or seek to implement controls to regulate it. See China's crackdown: https://news.yahoo.com/bitcoin-falls-further-china-cracks-101825126.html2) Reduced transaction costs and time may be feasible if everyone decides on a single or small number of cryptocurrencies. However, I don't see that being likely anytime soon. Also, due to the numerous different cryptocurrencies (I think there's at least 25 active ones at the moment), an exchange is needed similar to how a financial institute facilitates the exchange of traditional currencies. I can imagine exchanges essentially becoming regulated like financial institutes due to the potential for illegal transactions, and this may result in increased transaction costs and time. See USA's probing of exchanges: https://news.yahoo.com/bitcoin-exchange-binance-faces-legal-130404345.html3) Greater financial inclusion is potentially feasible if, as stated above, everyone decides on a single or small number of cryptocurrencies. Imagine a theoretical scenario where your boss pays you in Bitcoin, your local grocery store accepts Ethereum, your local bar accepts Litecoin, your friends only use Bitcoin Cash, etc. This becomes a de facto barrier that would need to be addressed. At the moment, it appears that the primary use case for cryptocurrency is as an investment vehicle and for ransomware. If anyone believes otherwise I'd like to hear your thoughts.
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Thu May 20, 2021 12:48 am |
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Mediumrarechicken
Location: Puyallup Joined: Thu Aug 16, 2012 Posts: 9065
Real Name: Richard Fitzwelliner
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Any one playing with AMC? I'm late to the game as usual, my friend called to tell me to get in so I bought some. Dude has 900+ shares, his went up 27k on Friday alone
_________________ If she sits on your face and you can still hear, SHE'S NOT FAT.
I'm going to type out 3 paragraphs and wax eloquently about a similar story in my life. Pm me if you figured it out.
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Sun Jun 13, 2021 2:12 pm |
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Pitbull
Location: Snohomish Joined: Sun Mar 10, 2019 Posts: 360
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The defacto barrier of multiple currencies will be bridged by xrp and the flare network. Xlm/algo/ada and xdc and celo too. Also hbar and iota. Watch and see. The analogy of one guy has btc, the other eth, and the store takes ltc is a small view of how the world stage and its many sovereign currencies of different value in relation to gold need to be exchanged evenly. Xrp will bridge those currencies in the same way. A decentralized way. Replacing swift. Which is corrupt. And centralized
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Sun Jun 13, 2021 2:28 pm |
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sportsdad60
Site Supporter
Location: The banana belt of MT Joined: Wed Dec 30, 2015 Posts: 8578
Real Name: Brian
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That was more abbreviations than Boeing used in the 34 years I worked there!
_________________ "I hate to advocate drugs, alcohol, violence, or insanity to anyone, but they've always worked for me."- Hunter S. Thompson
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Sun Jun 13, 2021 5:01 pm |
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sportsdad60
Site Supporter
Location: The banana belt of MT Joined: Wed Dec 30, 2015 Posts: 8578
Real Name: Brian
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Mediumrarechicken wrote: Any one playing with AMC? I'm late to the game as usual, my friend called to tell me to get in so I bought some. Dude has 900+ shares, his went up 27k on Friday alone Emerging markets, Euro, like WAESX, are hot in the past year. Mutual. I bought in 1200 shares at $15 and now over $20/share. Yeah, China. But ride the wave and cash out before 2024.
_________________ "I hate to advocate drugs, alcohol, violence, or insanity to anyone, but they've always worked for me."- Hunter S. Thompson
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Sun Jun 13, 2021 5:04 pm |
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wilmermj
Site Supporter
Location: Mount Vernon Joined: Sun Aug 26, 2012 Posts: 1547
Real Name: Areyouthreateningme
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MVIS is still strong. I also bought VCAG and GHVI this week. SPACs with less BS attached to them.
I’m rebalancing tomorrow and going to throw money at NIVIDA.
_________________ Which is the better: a good friend, a good heart, a good eye, a good neighbor, a good wife, or the understanding of consequences? It is none of these. A warm and senitive soul which knows the worth of fellowship and the price of the individual dignity, this is best.
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Sun Jun 13, 2021 6:45 pm |
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usrifle
Site Supporter
Location: RENTON Joined: Fri Mar 25, 2011 Posts: 20748
Real Name: John
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I have no idea what you guy's are saying. It's a good thing i have Financial advisor's.
_________________ Mr. Q wrote: so basically, if you have to smoke some asshole, make sure they become fertilizer and then Bounce? got it.
Guntrader wrote: Huh, maybe I was an asshole.
NRA Member/RSO SAF 5 Year Donor GOA Member
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Sun Jun 13, 2021 7:32 pm |
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Gman
Site Supporter
Location: Unincorporated Rural Pierce County Joined: Mon Feb 24, 2020 Posts: 1804
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usrifle wrote: I have no idea what you guy's are saying. It's a good thing i have Financial advisor's. That sounds familiar.
_________________ Liberals never met a slippery slope they didn't grease.
I wish technology solved people issues. It seems to just reveal them.
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Sun Jun 13, 2021 7:50 pm |
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