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  1. ScroogeMcDuck

    AMC OMG WTF

    $20 AMC makes the market cap $6.8B which is double the pre-2021 all time high. Meanwhile the actual business fundamentals are absolute dogshit, far worse than they ever were before coronavirus.
  2. ScroogeMcDuck

    Would a crypto fan call GME a store of value?

    Gamestop stock gets wiped out when it goes bankrupt, and in the mean time you have to trust the management to not dilute the fuck out of it and waste money running thousands of unprofitable mall stores.
  3. ScroogeMcDuck

    Melvin Capital sells out of GameStop

    In premarket today it reached a market cap of 25B, which is 2.5x the previous all-time high market cap back when it was profitable and growing instead of on the verge of becoming Radioshack. This is not just the new dotcom bubble, because although index PEs are as high as they were at the top...
  4. ScroogeMcDuck

    An overpriced shitcoin

    It's crazy that a premined, inflationary shitcoin like CNY has over 50x the market cap of bitcoin. The devs can rug-pull whenever they feel like it, or steal all your coins whenever they feel like it. Plus the devs won't even let you send it internationally unless you have a good excuse...
  5. ScroogeMcDuck

    The very long term prospects for bitcoin

    Bitcoin is for large settlements, and a store of value, not for buying a coffee everyday. For that you can use lightning network or a credit card. You can pay your credit card bill with bitcoin. Compared to wire transfers at most banks, bitcoin transactions have lower costs, higher limits...
  6. ScroogeMcDuck

    BlackRock to add bitcoin as eligible investment to two funds

    bitcoin futures are the worst way to get exposure to bitcoin right now because you're paying 15%/year in contango. GBTC with its 2% fee and 10% premium to NAV is much better. Spot bitcoin is best.
  7. ScroogeMcDuck

    Beware of bitcoin and cryptos FUD's

    I put 30% of my account into GBTC yesterday when bitcoin was 30k and the premium to NAV was in the low single digits. Between that and physical BTC I've probably got about 75% of my net worth in bitcoin now. It's way higher EV than any ETF, until at least 200k. If it gets too far ahead of...
  8. ScroogeMcDuck

    The very long term prospects for bitcoin

    If the value of the medium of exchange is rising 4%/year instead of falling 2%/year, then the "buy now, pay later" stuff can just use a different discount rate. It doesn't create any problem for payments. Deflation doesn't disincentivise spending any more than the existence of index funds...
  9. ScroogeMcDuck

    The very long term prospects for bitcoin

    Stability is a product of the size of the network effect. It's the product of the Keynesian beauty contest rather than a fundamental characteristic of a type of money. Bitcoin is superior to fiat in all the fundamentals, but the market hasn't caught up to that yet. 30 year...
  10. ScroogeMcDuck

    time and sales: which exchange?

    is there any way to make the time and sales data show which exchange got the trade?
  11. ScroogeMcDuck

    The very long term prospects for bitcoin

    Bitcoin supply is capped at 21 million, but the worldwide digital economy will keep growing, so even in the limit after universal adoption, the value of bitcoin continues to rise ~4%/year forever. Right now all the AAA bonds have negative real yields. It's really no contest. All the target...
  12. ScroogeMcDuck

    stock yield enhancement program

    does the stock yield enhancement program affect margin requirements, because it only applies to "fully paid" stock?
  13. ScroogeMcDuck

    TWS margin requirement column

    ok, so we want 4 columns: initial margin, maintenance margin, and their first derivatives.
  14. ScroogeMcDuck

    TWS margin requirement column

    Each position has a drop down menu thing that shows what the effect on your margins would be if you closed the position. I just want to show that in columns (one for maintenance margin, one for initial margin)
  15. ScroogeMcDuck

    TWS margin requirement column

    it'd be nice to have a column in TWS that shows my margin requirement for each position.
  16. ScroogeMcDuck

    Final tweet of terrorist shot in Capital

    Where's the lie?
  17. ScroogeMcDuck

    Final tweet of terrorist shot in Capital

    Let's not pretend the capitol is anything other than a wretched hive of scum and villainy. Congress' approval rating is under 20%. Corrupt politicians should fear the people. They take bribes from lobbyists everyday. The government is basically a mercenary that everybody hires to rob...
  18. ScroogeMcDuck

    Final tweet of terrorist shot in Capital

    the california state capitol.
  19. ScroogeMcDuck

    Final tweet of terrorist shot in Capital

    In the 60s black panthers literally marched into the capitol with rifles, and the police let them through unmolested.
  20. ScroogeMcDuck

    Grayscale Holds Over 3% of Bitcoin, Sees Pension-Fund Interest

    Fair enough. I'm an accredited investor.
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