Search results

  1. N

    MSTR as a defined-risk trade for asymmetric risk-reward

    My only worry is the chart. I know nothing about the company, so its good to read what you wrote about their business, but there its lots of room for this to fall. It seems like there is lots of support around that $20 range, but if this should break, those lows in the $2, 3 or 4 range are...
  2. N

    Bitcoin Price Thread

    And I should also follow up with this amazing interview with Brent Johnson. The collapse of USD is likely not happening this year or next, and I know he has been saying this for years so its nothing new, but he outlines so well why its going to be the dollar strength that kills the whole...
  3. N

    Bitcoin Price Thread

    This is really the thing. If bitcoin collapses, then how on earth will anything work in this world. Bitcoin truly is that release valve as they say. Every year, more and more people open their eyes and start the journey to the other side. Then, when the ultimate collapse happens, its...
  4. N

    MSTR as a defined-risk trade for asymmetric risk-reward

    This is a killer link.... thanks for sharing. So for SMLR... lets see... 929 bitcoins on the balance sheet, at $60k per bitcoin, that is $55M. So you're telling me that a company with a market cap of $200M has 1/4 of their value in Bitcoin??? Very interesting indeed.... The chart looks like...
  5. N

    Is Scatty Completely Full of Crap About Price TA?

    The trouble is that in trading, everything is a valuable something. Even guys who you astrology as an example sometimes it it out of the ballpark. I have also seen guys using cycles do very well sometimes. Fibs guys swear by their levels, but this mean that you're buying at every retracement...
  6. N

    Is Scatty Completely Full of Crap About Price TA?

    Where are the trader's yachts?? Its a serious question. I like all the stuff you show, but putting it together is the hard part. Everyone knows to buy support and sell resistance, but how long do you hold it if its going in your favour? And more importantly, how long to do hold it when its...
  7. N

    What's your largest losing day in futures daytrading?

    How does this compare with what your average winning day might be during this time period?
  8. N

    Down to about $90k, where would you park it if your trading skills were trash?

    It was actually kind of funny to read @poopy so valiantly defend selling his bitcoin, as if he made the superior move, but having done absolutely nothing but hold it would have netted him half of the amount that he made from active trading as one of the best option traders there is. Who else...
  9. N

    Down to about $90k, where would you park it if your trading skills were trash?

    Of course we're all fucked at this point. But assuming it doesn't get as catastrophic as this, the future is digital and this means that gold cannot compete in this era. And the math for Fiat just doesn't work anymore.
  10. N

    Down to about $90k, where would you park it if your trading skills were trash?

    There are major drawbacks to gold if you ask me, and Bitcoin fixes this. My silver stock pile did nothing for me in 10 years, and when it came time to sell it, it proved to be a huge hassle. Bitcoin on the other hand is the easiest to sell. Plus lets not forget about how difficult it is to...
  11. N

    Down to about $90k, where would you park it if your trading skills were trash?

    If all of us could make what you do in the markets, we wouldn't need to worry about preserving our wealth of be worried about the future, what you're not representative of the majority. I also think you're also suffering from a touch of hubris. Look at all the fuckers who had money in Silicon...
  12. N

    Down to about $90k, where would you park it if your trading skills were trash?

    The thing that makes me really wonder about is the tipping point. How on earth will anyone want to hold currencies if its so clear that they just always have to be inflated. As all the bitcoin guys lecture about, everything will converge onto the best money. I'm sure that entire countries...
  13. N

    Down to about $90k, where would you park it if your trading skills were trash?

    Sadly, everything you talk about when it comes to trading is way above my level. But its interesting to learn right now the whole system seems contingent on what Japan is doing. Crazy to think that all the leverage is equities is simply because of the carry trade.
  14. N

    Down to about $90k, where would you park it if your trading skills were trash?

    You should be smart enough to realize how this one simple change to the monetary system has profound implications. Finite supply is a wonder feature. Imagine if the government could only spend what it collects in taxes. You tell me how drastically different the world will look.
  15. N

    Down to about $90k, where would you park it if your trading skills were trash?

    You're an idiot. All you can say is bitcoin won't work, but when the market are clearly falling apart from a minor interest rate rise by Japan, you can't offer any solution. I keep asking what will happen when the US doesn't spend $2T extra every year that it doesn't have, and nobody can tell...
  16. N

    Down to about $90k, where would you park it if your trading skills were trash?

    Explain to me how the whole system will work when there aren't $2T deficits. Government can't afford the interest expense, and the only reason the economy hasn't imploded is because of the grotesque government spending. But sure, you keep thinking that USD can survive in its current form.
  17. N

    Down to about $90k, where would you park it if your trading skills were trash?

    $50k to $3MM is still a good return! :D Many here will of course sell at $1MM, so there will be a ceiling at some point. I think that before we hit that hyper inflation phase, we will actually go through some deflation. So yes, we might not hit $3MM, but we will see all assets come heavily...
  18. N

    Down to about $90k, where would you park it if your trading skills were trash?

    Well just saying the ship has sailed implied that the move from $100 to where we are today can't be repeated. Of course the next 100x isn't as realistic, or as easy, but if bitcoin is going where many of us think its going, its very much within the realm of possibility.
  19. N

    Down to about $90k, where would you park it if your trading skills were trash?

    So you're saying Bitcoin can't do a 50-100x from here over a decade or two? (although I agree its way off topic)
  20. N

    Data Breach: 3 Billion National Public Data Records with SSNs Dumped Online

    You're perhaps more right than you think. In cases of a SIM swap attack, it has been shown that its an inside job done by the workers for the cell phone company because they get a bribe. I also read in Canada, "Suspected auto theft ring involved Service Ontario employees: police"...
Back
Top