Recent content by narafa

Exactly, the level of insane speculation on mini & micro caps is huge. Too much capital chasing a limited supply of stocks. Eventually the stock supply will over-flood the market to take advantage of that & things will reverse back (Already started in EV/Battery/Alternative Energy space). There...

I disagree, by relative comparison, Bitcoin is not a crowded trade as of now. Hardly 1% of the investment population are in Bitcoin as of now. Compare that to FAANG or other techs and you can see that almost more than 50% of Robinhood accounts are invested in FAANGs and many other tech names. I...

Interesting theory, but margin calls are not issued as GS or MS sees fit, they should be tied to MTM. Still what you are saying can be true, but it will involve deliberately manipulating the MTM to trigger the margin call (Just like the practice of hundreds of the bucket shops around, yet on a...

I am saying this, despite not fully knowing, following logic, common sense and basic sovereign regulations around internal trade. If a country constitution defines a certain currency for the sovereign state, domestic trade is usually not allowed to be conducted using any other currency, unless...

You can add Tesla, Square, PayPal, JP, GS, MS, CME, ICE, Microstrategy, etc...to the list as well.

See I am not an lawyer, but I don't believe this is possible. Tesla can only do this in 2 cases, if they are selling the car to an overseas customer, so in this case, they have the choice to accept a different currency other than the USD or if they explicitly has a permission from regulators to...

That's the thing, I don't believe Bitcoin will evolve to be the currency which everyone on the planet uses, not even in a single country. It will NOT become a widely used currency or medium of exchange. It is moving more towards being a very secure & portable Store of Value/Wealth. For that...

Well, yes and no. USD is the official currency, no other currency is allowed to be used, but since the US government do not classify Bitcoin as a currency, so they can't rule out people or companies who want to trade goods and services with it. I mean any company is free to price their goods &...

Well, it really depends. If BTC goes to $1m, I bet you there will hardly be any house selling for $1m at that time, you will probably find cheap rural condos selling for $1m at that time, just like you find them selling for $40-$60k now. However, for your example, i.e. BTC goes to $1m tomorrow...

Dividing a unit infinitely (Which is not the case with Bitcoin anyway) doesn't make it unlimited, since it's still the same 1 Bitcoin.

I disagree. There must be some standard, otherwise, we get the current social problems of wealth gap, inequality & highly skewed wealth distribution. If you put the printing press with someone, eventually they will do what's for their benefit (especially when a conflict of interest arises), not...

So what happens if you directly buy a Tesla with BTC, then turnaround and sell your Tesla car? Did you escape the BTC capital gains taxes?

Well, if you are stranded on an Island "alone", paper based money (USD, GBP, etc...) will be of no use as well. However, if you are on an Island with a community, everyone can still reach a consensus of what is a "Store of Value" and a "Medium of Exchange" to use instead of bartering goods &...

But no-one uses gold or silver to buy gasoline, groceries, health insurance or mortgage payments either, yet gold & silver still has intrinsic value and widely perceived & treated as a "Store of Value/Wealth", one of the characteristics of "Money". I don't believe Bitcoin will evolve to be a...

Exactly, your short call should be trading at near 100% intrinsic value (which is $80 if GME was at $200). You just simply cover the call & sell the stock at the same time to lock in those gains (Which would essentially boil down to the $25 of the short call).