Just went long NZDUSD - New Zealand dollar. Stop for minimal loss at $0.551 and target $0.66-$0.70. I don't think anyone else here trades FOREX, but wanted to post just in case.

I'm hoping Trump commits to a 15T Fartcoin reserve.

Brewmaster said:

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now is your bitcoin dip, if you haven't dipped your toes in yet. IBIT is how I'm rolling, but others may go MSTR, MARA, straight up bitcoin. bitcoin is at the bottom of a rising channel, under 98k could mean it invalidates, so low risk here assuming you set a stop.

IBIT at $56, minus 5% for your stop = set stop at 53.2, or looser 10% $51.

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For the life of me I can't and don't think will ever understand Bitcoin. I have not done a ton of research so if I am ignorant on the subject, so be it. But it just feels like a made up entity and that we the buyer are giving an arbitrary value to it. it make no sense to me. Dollars/Gold/Silver. All physical that I can touch and trade and hold. That's what makes sense to me.

Noted. Appreciate your expertise and posts here brother. I'm willing to take a shot on bitcoin names down here, buying the blood!

double post

think of it like you think of stocks. We can't see them or hold them like physical metals, but they have value nonetheless. Stocks are digital, heck sometimes shorts short more shares than exist. I have changed my opinion on bitcoin simply b/c I keep reading Trump's going to start hoarding it and use it as one of his tools to fix our money printer (end it!). Consider too that major $ like Blackrock own a LOT of bitcoin. Big boys always know before we do.

and there's nothing wrong with hoarding gold and silver instead!

bmoochie said:

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Brewmaster said:

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now is your bitcoin dip, if you haven't dipped your toes in yet. IBIT is how I'm rolling, but others may go MSTR, MARA, straight up bitcoin. bitcoin is at the bottom of a rising channel, under 98k could mean it invalidates, so low risk here assuming you set a stop.

IBIT at $56, minus 5% for your stop = set stop at 53.2, or looser 10% $51.

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For the life of me I can't and don't think will ever understand Bitcoin. I have not done a ton of research so if I am ignorant on the subject, so be it. But it just feels like a made up entity and that we the buyer are giving an arbitrary value to it. it make no sense to me. Dollars/Gold/Silver. All physical that I can touch and trade and hold. That's what makes sense to me.

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I used to have a lot more (as in fractions of a single coin), but have been selling on the ride up. 50/50 on whether I screwed myself out of an earlier retirement or not. I'm down to just about 5k in holdings now vs what was once a much larger number. I had decent gains, but nothing crazy.

I have buddies that are all in for life and others that refuse to touch it. My savviest investing buddy swears that quantum is going to be the end of crypto and won't even talk to crypto investors anymore.

so, all that to say...who knows

Heineken-Ashi said:

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GWAV - the little penny I mentioned last week. If we get under 55 cents I'll be looking to buy, but will want to see a bottom and reversal first. Ideally it would bottom at 48 cents. Remember, it's a pure gamble. If you ever do anything with penny stocks, keep it small. You can always add. But these things can be impressively volatile, and sentiment is so weak that setups fail ALL THE TIME.

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What was your reason to bring it to the board initally?

Tom says this is short dip buy. Other guy says reset will take months especially if margin calls.

Gold and silver are one thing, but a dollar is a worthless piece of paper with value derived as to what you and I agree upon. Even if you think bitcoin has no value, its at worst the same thing as our current fiat dollar. At best it's something much better.

Your investor friend doesn't really understand encryption or bitcoin. If quantum computing is capable of breaking SHA-256, then it's not just bitcoin that is in trouble. All banking, government docs, etc. would be compromised. Societal collapse type stuff...

Quantum is still way far away from doing anything interesting and being a cause for concern. If there are significant improvements over the years, then the bitcoin dev team can just move the chain to a newer encryption method with a fork. It's not a real threat or worry.

Double Oaked said:

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Your investor friend doesn't really understand encryption or bitcoin. If quantum computing is capable of breaking SHA-256, then it's not just bitcoin that is in trouble. All banking, government docs, etc. would be compromised. Societal collapse type stuff...

Quantum is still way far away from doing anything interesting and being a cause for concern. If there are significant improvements over the years, then the bitcoin dev team can just move the chain to a newer encryption method with a fork. It's not a real threat or worry.

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yeah, I'm not in the know on any of that. I have a 1st grade understanding at best. As for my buddy, he's tuned in, but from what I do know, I agree with your assessment more. he's hated crypto from day 1, so I think the quantum boogie man was just the next convenient thing for him to cling on to as a deterrent

bmoochie said:

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Brewmaster said:

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now is your bitcoin dip, if you haven't dipped your toes in yet. IBIT is how I'm rolling, but others may go MSTR, MARA, straight up bitcoin. bitcoin is at the bottom of a rising channel, under 98k could mean it invalidates, so low risk here assuming you set a stop.

IBIT at $56, minus 5% for your stop = set stop at 53.2, or looser 10% $51.

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For the life of me I can't and don't think will ever understand Bitcoin. I have not done a ton of research so if I am ignorant on the subject, so be it. But it just feels like a made up entity and that we the buyer are giving an arbitrary value to it. it make no sense to me. Dollars/Gold/Silver. All physical that I can touch and trade and hold. That's what makes sense to me.

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Read Layered Money. If you still don't want anything to do with it, cool. But it gives a history of fiat, central banking, and base money and lays out what the future could be.

Marauder Blue 6 said:

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Heineken-Ashi said:

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GWAV - the little penny I mentioned last week. If we get under 55 cents I'll be looking to buy, but will want to see a bottom and reversal first. Ideally it would bottom at 48 cents. Remember, it's a pure gamble. If you ever do anything with penny stocks, keep it small. You can always add. But these things can be impressively volatile, and sentiment is so weak that setups fail ALL THE TIME.

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What was your reason to bring it to the board initally?

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See my last post on it. I'd link it but I have to jump off for a while. Search GWAV.

But the dollar is still something tangible.

Brew mentioned stocks and I get what you're saying but the companies and goods they provide is tangible as well. Idk it's just hard for me to grasp.

Good discussion though and willing to read more. Thanks HA for the suggestion on what to read. I'm really not smart so I ask others to be smart for me.

Blockchain is also tangible but we digress. Back to the rally for another rally

bmoochie said:

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Brewmaster said:

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now is your bitcoin dip, if you haven't dipped your toes in yet. IBIT is how I'm rolling, but others may go MSTR, MARA, straight up bitcoin. bitcoin is at the bottom of a rising channel, under 98k could mean it invalidates, so low risk here assuming you set a stop.

IBIT at $56, minus 5% for your stop = set stop at 53.2, or looser 10% $51.

---

For the life of me I can't and don't think will ever understand Bitcoin. I have not done a ton of research so if I am ignorant on the subject, so be it. But it just feels like a made up entity and that we the buyer are giving an arbitrary value to it. it make no sense to me. Dollars/Gold/Silver. All physical that I can touch and trade and hold. That's what makes sense to me.

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Makes more sense than a non dividend stock imo. What's that really tied to? Ive always thought it strange. People will say earnings but it's not like some piece of it gets shaved off and divy out to share holders. People agree earnings are a good thing but there's nothing tangible about it that goes to shareholders




At least bitcoin has a limited supply. Gold and silver is limited by mining, at least until someone captures an asteroid.

$LABU

Talon2DSO said:

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Talon2DSO said:

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12/20 SPY 602c

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About to get even cheaper here.

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Ouch

Towns03 said:

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Is SLV going to continue this climb up? What are the drivers behind it? Is anyone else getting into shares right now?

TIA

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Look at gold, yo.

BrokeAssAggie said:

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I've switched to wine to go with dinner tonightz.

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one of my favorite wines! good stuff! Took the wife to visit their vineyard a few years ago...first class place!

Heineken-Ashi said:

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Just went long NZDUSD - New Zealand dollar. Stop for minimal loss at $0.551 and target $0.66-$0.70. I don't think anyone else here trades FOREX, but wanted to post just in case.

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Forex is for the crazies.

Buffet finally buys some more OXY.

https://occidentalpetroleum.gcs-web.com/static-files/cec6427a-dab6-470f-b12c-2bffef514baa

Bitcoin is still tracking global M2 with a ~70-day lag.

Two scenarios: dislocate from global M2 thanks to BTC-native buy side, or continue following it into a deep mid-cycle correction.

Grab your popcorn 🍿 pic.twitter.com/4G3op0gsuo

— Joe Consorti ⚡️ (@JoeConsorti) December 18, 2024

Dan Scott said:

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Buffet finally buys some more OXY.

https://occidentalpetroleum.gcs-web.com/static-files/cec6427a-dab6-470f-b12c-2bffef514baa

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Most have heard that I bought some more a couple days ago.

HUMA got FDA

EliteZags said:

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HUMA got FDA

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Some good news on an otherwise crap looking day. Although the stock has been beaten down so relentlessly my calls expiring today are far OTM. Hopefully still a premium surge

Heineken-Ashi said:

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$30,000 Millionaire said:

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Heineken-Ashi said:

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Just went long NZDUSD - New Zealand dollar. Stop for minimal loss at $0.551 and target $0.66-$0.70. I don't think anyone else here trades FOREX, but wanted to post just in case.

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Forex is for the crazies.

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Ooof...that is a pair I only dipped my toe once or twice and lucky to break even. Mostly stuck to USDJPY because I'm a wuss when it comes to trading currency pairs. Easy to get out over the skis in forex...be very careful.

Heineken-Ashi said:

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$30,000 Millionaire said:

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Heineken-Ashi said:

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Just went long NZDUSD - New Zealand dollar. Stop for minimal loss at $0.551 and target $0.66-$0.70. I don't think anyone else here trades FOREX, but wanted to post just in case.

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Forex is for the crazies.

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My old partners had Joe Lewis as a client way back when they were at Bear Stearns. For those who don't know, Lewis was a major Forex trader who lived on his yacht. (eta- and currently owns Tottenham Hotspur) The stories they would tell about placing his trades were funny. When I was telling some of the stories to my wife, who was doing the Big Law thing back in the mid-00s, she said her firm represented a woman whose husband lived on a boat, and the firm would have to 'find' him and determine when he would back in port to sign documents. Turns out it was Lewis's wife.

I have found most billionaires to be pretty much the same as normies, but there are others that are weird and cool as ****

As someone who started his career as a currency analyst… it's not for the faint of heart. Trading 100:1 or 200:1 margin is nuts. You think stops are implrtant in equity trading?

Of my old company's clients, only 7% made money over the life of their account. Crazy stats

Ah, yes, the currency analyst. No one pays attention to anything you have to say until **** goes sideways, then the traders are all like, "Why didn't you warn us!"

Trying to figure what has happened to MELI. Any technical analysis gurus have any thoughts on the charts? It's a good company that I'm tempted to add to my position.