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    Goldman Sachs reportedly jumps on the bitcoin bandwagon

    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...
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    Goldman Sachs reportedly jumps on the bitcoin bandwagon

    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...
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    Risk of client like Bill Hwang blowing up IBKR

    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...
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    Cryptos - one of the tools to control inflation ?

    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...
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    John McAfee indicted in connection with crytpo pump-and-dump scheme

    You can add Tesla, Square, PayPal, JP, GS, MS, CME, ICE, Microstrategy, etc...to the list as well.
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    Cryptos - one of the tools to control inflation ?

    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...
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    John McAfee indicted in connection with crytpo pump-and-dump scheme

    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...
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    Cryptos - one of the tools to control inflation ?

    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 &...
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    Cryptos - one of the tools to control inflation ?

    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...
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    John McAfee indicted in connection with crytpo pump-and-dump scheme

    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.
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    John McAfee indicted in connection with crytpo pump-and-dump scheme

    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...
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    Cryptos - one of the tools to control inflation ?

    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?
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    John McAfee indicted in connection with crytpo pump-and-dump scheme

    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 &...
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    John McAfee indicted in connection with crytpo pump-and-dump scheme

    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...
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    How to protect a CC in the money position?

    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).
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    I don't like "annualized gains"

    It's assumed to be used to compare investment returns over different time horizons (By normalizing) and also to normalize the investment amount/size. But it has become a big marketing tool as you said. Just don't look at it. It's ironic no-one ever talks about annualized losses as they talk...
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    Weird picture, usually volume occurs at turning points

    Just a correction, 4,000 puts are equivalent to 400k shares not 4m.
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    How fast is your internet connection speed ?

    IB TWS network consumption on a heavy day would be 500 Kbps (Download), so a 2 Mbps stable internet connection would be more than enough for that purpose. As everyone here stated, bandwidth is important, but latency (Ping) is even more important especially if you are day trading. For me it...
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    Now THIS is peak WSB...Dude YOLOs $90k on GME weeklies...just learned about call options...

    Sorry to see that, but you just donated around $90k to MMs. Try to get out while you can. Today is expiration day, I believe those options will open another 30-40% lower than yesterday closing. Overnight time counts also if the underlying doesn't move.
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    Research access

    It's there: https://www.refinitiv.com/en/products/thomson-one-wealth-solutions
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