25% in the past month on Bitcoin. Definitely has some steam.
Stock Markets
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Last: 26 min ago by Heineken-Ashi
83% YTD
I don't understand your first comment.
Sold all my calls except a few runners on that surge. 412.50 and 413.80 are the levels I'm watching now. May buy both puts and calls with tight stops here, as I could see it running in either direction, but if I had to guess I'd still be bullish hereGolf1 said:
I don't think we can break and hold above 412.50 if it gets there.
Pepper Brooks said:
I don't understand your first comment.
It's a classic bull market mentality that some proposed market concept or business or idea will fundamentally change how markets have always worked.
It's a mentality more commonly seen on the way up to the top, but we're seeing it again this second run back up.
Ah. Yeah, that's been a fairly consistent viewpoint among long term investors. Most forget that it's been around for 10+ years now and this is just most recent of many cycles in its history.
Perception is reality on bitcoin... until it isn't. I'd trade it on perception only, knowing reality will be a ***** at some point
Yeah, and that's precisely the danger of it. It was developed and grew in the biggest bull market in history - 2009-2021.
Recency bias is a real bias. If had developed during the years the German mark was as valuable as wallpaper as for a currency, it wouldn't survive. Thus, "this time it's different."
Recency bias is a real bias. If had developed during the years the German mark was as valuable as wallpaper as for a currency, it wouldn't survive. Thus, "this time it's different."
I honestly don't know that the 2010-2020 bull market reference is as relevant as you're suggesting. Comparing something like BTC to a publicly traded company is apples and oranges from valuation, operations, and product perspectives.
The only thing they really have in common is that most people communicate their financial value in USD.
The only thing they really have in common is that most people communicate their financial value in USD.
Man, SPY has been relentless but I can hear 30k on my shoulder saying "don't FOMO"
Boy Named Sue said:
Perception is reality on bitcoin... until it isn't. I'd trade it on perception only, knowing reality will be a ***** at some point
I completely disagree with this statement. I have never profited off bitcoin when the perception of it was good. I have only profited when buying and everyone is telling me I'm an idiot for still doing so.
Lol well, that's about timing. I'm more talking about BSG's point that the price action is reactionary and not fundamental. But I've never bought bitcoin, so...
He's not here…
Boy Named Sue said:
Lol well, that's about timing. I'm more talking about BSG's point that the price action is reactionary and not fundamental. But I've never bought bitcoin, so...
Fair enough.
VIX sub 18. Only 2nd time it's happened since Jan '22. (other time was 2/22/23)wanderer said:hah funny. Was coming here to post the same. VIX coming down do it's 6mo support at ~18.10.Charismatic Megafauna said:Whitehouse Road said:
VIX calls tempting here
I like it. This is basically do or die time to break back into the last month's channel. I am taking the under
Golf1 said:
I don't think we can break and hold above 412.50 if it gets there.
Wrong.
Whether it holds is still tbd. I could totally see a big flush here at the end
SPY right up against pre-market high yesterday after CPI announcement.Golf1 said:Golf1 said:
I don't think we can break and hold above 412.50 if it gets there.
Wrong.
Pepper Brooks said:
I honestly don't know that the 2010-2020 bull market reference is as relevant as you're suggesting. Comparing something like BTC to a publicly traded company is apples and oranges from valuation, operations, and product perspectives.
The only thing they really have in common is that most people communicate their financial value in USD.
What if it was a Northern European flower? ;-).
I would encourage you to read "Devil Takes the Hindmost". It's eye-opening.
knew it was a matter of time before someone threw out tulips. such an intellectually lazy take.
I'm happy to have a more detailed conversation with you about this topic. However, this comment suggests you either haven't studied it or are not open to the idea that BTC has a productive/valuable use case. I'm happy to recommend a few introductory books, if you're legitimately interested in doing some research, but am going to bow out of the conversation otherwise as I don't see it being productive.
Thanks. I've studied it quite a bit over last couple years and don't care to do it more.
And yeah, let's just kill the debate. No one is changing anyone's minds.
And yeah, let's just kill the debate. No one is changing anyone's minds.
Crypto-trading thread
There is one.
There is one.
whew, almost accidentally started learning about the best performing asset in history for a minute there. that was a close one.
ac04 said:
whew, almost accidentally started learning about the best performing asset in history for a minute there. that was a close one.
Love when we talk about gold.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
- I Bleed Maroon (distracted easily by signatures)
I'm tempted to try calculate the ROI on my wife's wedding ring since were not far from a decade. The cash flow from her salary is pretty straightforward. I'm not sure what value should be assigned for the sex though…
Pepper Brooks said:
I'm tempted to try calculate the ROI on my wife's wedding ring since were not far from a decade. The cash flow from her salary is pretty straightforward. I'm not sure what value should be assigned for the sex though…
some of the folks here are pretty solid at analyzing charts - in the event you'd like to post a screenshot of performance over a period of time.
Me Saying Bitcoin in October 19, 2021 pic.twitter.com/jKH1XA4Lq1
— Frankie MacDonald (@frankiemacd) October 19, 2021
Pepper Brooks said:
I'm tempted to try calculate the ROI on my wife's wedding ring since were not far from a decade. The cash flow from her salary is pretty straightforward. I'm not sure what value should be assigned for the sex though…
Quote:
Research into the sexual relationships of married couples and studies of the legal sex industry suggest that the monetary value of the average married couple's sex life is between $13,260 and $100,000 per year.
https://t.ly/l9tX
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
- I Bleed Maroon (distracted easily by signatures)
I should have bought a bigger diamond.
Quite the bid ask spread there
Heineken-Ashi said:ac04 said:
whew, almost accidentally started learning about the best performing asset in history for a minute there. that was a close one.
Love when we talk about gold.
If we really dig, are we sure it's not ammunition?
SKEW levels have inched up over last couple days, now within just a few points of the mid-March high when the banking stuff was at its peak.
Perhaps FJ or Prog (where has he been!!) can share with us the deeper meaning of that but methinks we are getting close to another selloff?
Perhaps FJ or Prog (where has he been!!) can share with us the deeper meaning of that but methinks we are getting close to another selloff?
Anyone else take profits in yesterday morning's run towards 4130 then pivot into puts around 10:15 - 10:30 EST? Yeah, a sell off would be good about now
I was gonna say, a wise man once told me that paying for sex is the only way to control what it costs. Now I've never paid for sex, but I can tell you that frequent mind-blowing sex with my ex-wife was NOT worth the cost
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