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So if bitcoin is no longer useful as a medium of exchange due to extreme volatility and scaleability issues is there something in the pipeline that will be a blockchain based medium of exchange with the scalability of creditcard processors and stability like the USD?

SPY is like the equivalent of the common dollar bill. Its everywhere I doubt you would get much loaning it out.

I remember back years ago the chat was big for trading OTC exotics swaps etc all kinds of stuff. Dont know if its used as much for that anymore. I have not used a terminal in years. Its no use for me since I just trade SPY and its options.

SOES Bandits man those were the days.

SPY and options is like peanut butter and jelly sandwich :)

what are you talking about? I can trade SPY sunday nights before regular market opening. I can build a position for monday.

IB has been doing that for ever. I wonder what they going rate for loaning out SPY is :)

Nice to see Kim Jong-un doing something different, his English is quite good.

I agree with you 100% there are lots of people like that whos entire life revolves around control and how many digits they can keep increasing.

Sounds like a guy that measured his own existence in being #1 and always chasing the prize. I bet the guy had enough assets etc.. to retire and relax with his family for years to come.

they will just ban banks from transacting with crypto exchanges etc. They are waiting for max pain when tons of USD goes into the crypto blackhole and then the bridges get drawn up. All that crypto will be on an island with no convertibility to legal tender.

all they have to do is press a switch and boom no more convertability. Right now BTC is acting like an inflation heatsink. Everyone putting life savings,borrowing into BTC helps remove excess USD. Once they feel the job is done then the mandate that no banks can transact with bitcoin. And like...

All this forced liquidation stories is what keeps me away from IB. I dont like adding an unknown counterparty risk I cannot hedge against when trading.

I read what determines what shows up as the bitcoin price was the last tether to bitcoin transactions? something about tether is pegged to 1 usd.

The hot market right now is RAre Pepes. Its a liquid NFT market

Looks like the big whales are gonna get fleeced. Wait till they discover how difficult it becomes to go back to USD

Remember the dollars being printed is going to bitcoin, Rare Pepes and stocks. So for now hyper inflation is not in the cards.

Look just stick to SPY etf at least its a basket of the big 500 multinationals backed by the Federal Reserve and US govt. go sell the 390 puts expiring april 19 at least if you get put stock to your account its something you can hold on to unlike some shit Roblox meme stock that loses money and...

but what happens if you do that and RBLX gaps down friday to 30 dollars a share. Hows that selling premiums easy money plan going to work out. YOU You paid 645 dollars for stock worth 3000 but what if something happens on monday and stock plunges to 20 dollars a share? What next? Why on a...

Looks like the FED needs to do more so the the yields can drop to sub 1%.