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ChaosTonyV4 02/07/21 12:49:33 PM #252: |
masterplum posted...
This would be better. We've had two pages of people wanting to get in on Doge because its up 500% A friend of mine got sucked into the WSB discord and just bought every single thing he read, it hurt me to see. (Because I did the same thing like 5 years ago with the last crypto boom) Heres what he said about GME/AMC after the weekend where Robinhood shutdown buying and basically ended the whole thing. --- Phantom Dust. "I'll just wait for time to prove me right again." - Vlado ... Copied to Clipboard!
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masterplum 02/07/21 12:52:10 PM #253: |
ChaosTonyV4 posted...
A friend of mine got sucked into the WSB discord and just bought every single thing he read, it hurt me to see. (Because I did the same thing like 5 years ago with the last crypto boom) I find it morbidly hilarious. EVERYONE in this topic who got in on AMC and sold in a reasonable time made money. We were all on it. People trying to get in now because money was made is really dumb (Barring some long term holding arguments, but lets be honest, nobody is jumping in on AMC for the first time right now because of their long term prospects) --- ... Copied to Clipboard!
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GameStonk 02/07/21 1:18:47 PM #254: |
masterplum posted...
We might as well rename this topic to ponzi scheme topicIs this in reference to DOGE or are there really still people who think crypto is some kind of scam? ... Copied to Clipboard!
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red sox 777 02/07/21 1:20:25 PM #255: |
I vote we keep the name as is. We can talk about crypto even though it technically isn't a stock.
--- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! ... Copied to Clipboard!
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DoomTheGyarados 02/07/21 1:21:10 PM #256: |
keep name as is, fuck it.
--- Sir Chris Doom The Kanto Saga - Animated Series - https://www.youtube.com/watch?v=6hH4wNFCrLM ... Copied to Clipboard!
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Colegreen_c12 02/07/21 1:34:13 PM #257: |
GameStonk posted...
Is this in reference to DOGE or are there really still people who think crypto is some kind of scam? Crypto isn't neccessarily a scam but it basically is a ponzi scheme lol. You are buying with the assumption that someone will buy it from you for more later. It has no intrinsic value that is increasing that makes you able to say that it isn't a ponzi scheme. But really I feel like you either rename this Investment Topic or keep it Stock Topic. --- DPOblivion beat us all. ... Copied to Clipboard!
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Sunroof 02/07/21 1:38:31 PM #258: |
Dont you all worry
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Forceful_Dragon 02/07/21 1:42:14 PM #259: |
Colegreen_c12 posted...
It has no intrinsic value You just described currency as a whole. That paper in your wallet has the value that we've collectively attributed to it. Yeah the USD used to be backed by gold, but gold also merely has the value that we've given to it. How is crypto substantially different? --- ... Copied to Clipboard!
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GameStonk 02/07/21 1:45:32 PM #260: |
Colegreen_c12 posted...
Crypto isn't neccessarily a scam but it basically is a ponzi scheme lol. You are buying with the assumption that someone will buy it from you for more later. It has no intrinsic value that is increasing that makes you able to say that it isn't a ponzi scheme.This can be said about gold and silver too. That's not a "scheme"--it's how currency works ... Copied to Clipboard!
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Forceful_Dragon 02/07/21 1:46:39 PM #261: |
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red sox 777 02/07/21 1:46:41 PM #262: |
I would say that gold and silver have the same characteristic where most of their value comes from people collectively assigning them value. Fiat currency definitely has that characteristic. But, gold and silver have been valuable for thousands of years, and that's because people genuinely believe it is valuable, so they are willing to hold it.
--- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! ... Copied to Clipboard!
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Colegreen_c12 02/07/21 1:48:18 PM #263: |
Forceful_Dragon posted...
You just described currency as a whole. That paper in your wallet has the value that we've collectively attributed to it. Gold has intrinsic value. Whether it is worth what people pay for it is another story. USD is somewhat similar to crypto in you could essentially argue its also a ponzi scheme, although it is one backed by a government and carefully regulated to ensure it has a healthy rate of inflation and that has been used a currency for a long time. Cryptocurrencys are barely even currencies. Basically nobody uses them as such, they just treat it as a store of value. Lets put it this way, if gold dropped to $0.01 an oz I would buy it cause I know its worth more than that. If bitcoin dropped to $0.01 a coin I couldn't say the same --- DPOblivion beat us all. ... Copied to Clipboard!
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StartTheMachine 02/07/21 2:01:52 PM #264: |
I see "buy with bitcoin" all the time on sites these days.
Now doge I would just get in for the quick flip --- - Blur - Welcome to your Divinity. ... Copied to Clipboard!
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Forceful_Dragon 02/07/21 2:04:07 PM #265: |
Colegreen_c12 posted...
Gold has intrinsic value. Whether it is worth what people pay for it is another story. Not true of all coins. Take Stellar Lumens (XLM) for example. Stellar is an app that can be used to send currency to other people for a fraction of the cost of traditional money wiring and much faster. Rather than charging their fee for this service in any particular fiat currency their fee is charged using their own coin. As a result there will be a regular demand for this coin that rises and falls with the popularity of the apps usage. BNB is the same. It's the Binance coin that can be used to pay the fee for trades on Binance at lower than the standard rate (0.075% instead of 0.1%) so there will be a demand for the coin if only for that reason. And you could argue that those coins have the potential to lose all their value as their marketplaces become less relevant and that is true. The same way a stock can lose its value if a company goes bankrupt or a fiat currency loses value if a country dissolves or adopts a new currency. --- ... Copied to Clipboard!
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Colegreen_c12 02/07/21 2:18:28 PM #266: |
Forceful_Dragon posted...
Not true of all coins. I think I accidentally deleted this line from my initial post. I wanted to say that I personally think blockchain technology itself is greatly valuable but none of the coins themselves are. As soon as banks start using the technology most of these quick transfer programs with a small fee attached become obsolete cause you can just do the same thing through your bank. Comparing cryptocurrency to a stock is unfortunately not the same thing in the slightest. Stocks in the long term are based on a underlying companies valuation as well as expectations for future valuations. (This isn't a perfect thing however. There are short term outliers and people with unrealistic expectations for a company. But at the end of the day if a company makes more and more money its going to be worth more and more. If it makes less and less money its going to be worth less and less.) A cryptocurrency is not based on any underlying thing. It's based merely on the prospect that someone will buy it for more down the road. Now I don't think cryptocurrencies are worthless. I expect at least 1 or 2 to survive for quite a long time as an asset. But I personally have no idea which and have no desire to get involved. --- DPOblivion beat us all. ... Copied to Clipboard!
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Jakyl25 02/07/21 5:19:47 PM #267: |
Doge at 8 cents
I think people genuinely believe theres a Super Bowl ad I am ready to bail when they realize that didnt happen <_< --- Thank you, Eddie Guerrero. https://pbs.twimg.com/media/DRlKR5nU8AA_v_C?format=jpg&name=large ... Copied to Clipboard!
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ChaosTonyV4 02/07/21 5:21:02 PM #268: |
Ok but
what if Elon sprung for one Because he bought a billion at .008, and he knows the payoff is imminent --- Phantom Dust. "I'll just wait for time to prove me right again." - Vlado ... Copied to Clipboard!
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Jakyl25 02/07/21 5:24:24 PM #269: |
Then Ill hold!
--- Thank you, Eddie Guerrero. https://pbs.twimg.com/media/DRlKR5nU8AA_v_C?format=jpg&name=large ... Copied to Clipboard!
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HanOfTheNekos 02/07/21 5:53:37 PM #270: |
How high will doge climb?
--- "Bordate is a pretty shady place, what with the gangs, casinos, evil corporations and water park." - FAHtastic ... Copied to Clipboard!
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CoolCly 02/07/21 5:54:39 PM #271: |
oh i tried to buy some doge last night but binance declined my canadian credit card and i gave up noooo the gains
--- The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG ... Copied to Clipboard!
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ChaosTonyV4 02/07/21 5:56:32 PM #272: |
HanOfTheNekos posted...
How high will doge climb? Literally impossible to know. It could shoot up to 30 cents and then collapse back down to 3 cents for all we know. --- Phantom Dust. "I'll just wait for time to prove me right again." - Vlado ... Copied to Clipboard!
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Jakyl25 02/07/21 6:00:23 PM #273: |
I saw an analysis that said its realistic peak is between 12 and 13 cents but who knows
It got from 8 to 9 so quickly and got BTFO back to 8 --- Thank you, Eddie Guerrero. https://pbs.twimg.com/media/DRlKR5nU8AA_v_C?format=jpg&name=large ... Copied to Clipboard!
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SteveNasti 02/07/21 6:01:34 PM #274: |
we like the coin
--- "It's brilliant. It's everything. It's Karamazov." PSN: m01stpump3r ... Copied to Clipboard!
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ChaosTonyV4 02/07/21 6:03:40 PM #275: |
Jakyl25 posted...
I saw an analysis that said its realistic peak is between 12 and 13 cents but who knows So you're saying sell at 12, got it. --- Phantom Dust. "I'll just wait for time to prove me right again." - Vlado ... Copied to Clipboard!
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Sunroof 02/07/21 7:14:00 PM #276: |
... Copied to Clipboard!
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Nanis23 02/07/21 7:19:32 PM #277: |
I am still annoyed I knew Dogecoin would blast off but never went in because I didn't know how to buy it
Of course I would only invest like $40 but this is still like $300 I could have got --- wololo ... Copied to Clipboard!
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Sunroof 02/07/21 7:20:18 PM #278: |
Hey I was about to put $5k in last week until Coinbase told me I couldnt!
... Copied to Clipboard!
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Sunroof 02/07/21 7:20:33 PM #279: |
And I refuse to download RH
... Copied to Clipboard!
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Jakyl25 02/07/21 10:42:06 PM #280: |
Got outta Doge for now. Too volatile today. Doubled my money so Im not pressed if it peaks again.
--- Thank you, Eddie Guerrero. https://pbs.twimg.com/media/DRlKR5nU8AA_v_C?format=jpg&name=large ... Copied to Clipboard!
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HeroicCrono 02/08/21 6:00:30 AM #281: |
GME doing well in premarket.....at $71.
--- This is Red Sox 777 on a mobile phone. ... Copied to Clipboard!
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Nanis23 02/08/21 6:48:07 AM #282: |
Bought one stock of gme and going to hold it either to 1000 or to 6
--- wololo ... Copied to Clipboard!
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Sunroof 02/08/21 9:11:58 AM #283: |
Tesla accepting Bitcoin as payment. Bitcoin up 14%. Tesla up 2%. Guess who has both ;)
... Copied to Clipboard!
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MoogleKupo141 02/08/21 9:12:33 AM #284: |
Jaleel White?
--- For your Azuarc . At least Kupo has class and doesn't MESSAGE the people -Dr Pizza ... Copied to Clipboard!
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GameStonk 02/08/21 9:13:05 AM #285: |
GameStonk posted...
And Bitcoin just re-crossed 40k. ... Copied to Clipboard!
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Sunroof 02/08/21 9:20:17 AM #286: |
Man I knew I shouldve gotten Zillow and Shopify last week when I mentioned them. I ended up planning to wait for a red day. Theyre both up today, dang.
... Copied to Clipboard!
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GameStonk 02/08/21 9:20:46 AM #287: |
What a time to be alive.
I hope many of you will join me in coinbase now. The timing is working out splendidly. ... Copied to Clipboard!
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DoomTheGyarados 02/08/21 9:20:47 AM #288: |
So I won a lot of money on the superbowl. Got paid in bitcoin. Wake up. I am happy lol
--- Sir Chris Doom The Kanto Saga - Animated Series - https://www.youtube.com/watch?v=6hH4wNFCrLM ... Copied to Clipboard!
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GameStonk 02/08/21 9:21:27 AM #289: |
DoomTheGyarados posted...
So I won a lot of money on the superbowl. Got paid in bitcoin. Wake up. I am happy lolHaha that is awesome ... Copied to Clipboard!
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Forceful_Dragon 02/08/21 9:27:50 AM #290: |
If you had lost the bet were you going to pay them in pokemon cards? :D
--- ... Copied to Clipboard!
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DoomTheGyarados 02/08/21 9:29:03 AM #291: |
Lmao. That's an idea.
--- Sir Chris Doom The Kanto Saga - Animated Series - https://www.youtube.com/watch?v=6hH4wNFCrLM ... Copied to Clipboard!
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ninkendo 02/08/21 9:36:38 AM #292: |
doge going up again I wonder if it's a side effect of the Tesla thing
I have sell order if it reaches 10 cents for 20% of what I own just so I finally have 1K to play with. I'll probably just reinvest in doge though once it drops again --- ... Copied to Clipboard!
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masterplum 02/08/21 9:51:10 AM #293: |
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Sunroof 02/08/21 10:10:53 AM #294: |
I decided to get into Z and SHOP now. Holding til after ER.
... Copied to Clipboard!
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masterplum 02/08/21 10:14:37 AM #295: |
Bought 100 AMC at 6.05
Planning on buying more if it falls below 5 --- ... Copied to Clipboard!
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Nanis23 02/08/21 10:26:39 AM #296: |
Nanis23 posted...
Bought one stock of gme and going to hold it either to 1000 or to 6Yikes Yeah GME is done If it's going down when there is no limited trading...yeah What would make it gain steam again? Probably nothing --- wololo ... Copied to Clipboard!
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Nanis23 02/08/21 10:27:24 AM #297: |
ninkendo posted...
doge going up again I wonder if it's a side effect of the Tesla thingYou know the whole market is in a bubble when SHINE posts here --- wololo ... Copied to Clipboard!
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Lopen 02/08/21 10:35:14 AM #298: |
I freed just over half of my AMC puts close to market open for a few hundred dollar gain because I realized that I don't want potentially 14k of assets wheeling AMC
Going to ride these last 10 to expiry though. If I get assigned 1000 shares of AMC at $7 so be it I don't see how it's worth less than $5.95 (my adjusted cost of letting the $7 puts assign) --- No problem! This is a cute and pop genocide of love! ... Copied to Clipboard!
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ExThaNemesis 02/08/21 10:37:14 AM #299: |
ETH doing so well. Love to see it.
--- "undertale hangs out with mido" - ZFS Smash Ultimate Switch Code: SW-6933-1523-8505 ... Copied to Clipboard!
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GameStonk 02/08/21 10:45:44 AM #300: |
ExThaNemesis posted...
ETH doing so well. Love to see it.I thought you sold to buy GME at $400? ... Copied to Clipboard!
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ExThaNemesis 02/08/21 10:47:03 AM #301: |
yes and then I sold GME to get back into my cryptos.
Up on ETH and ADA through the weekend. --- "undertale hangs out with mido" - ZFS Smash Ultimate Switch Code: SW-6933-1523-8505 ... Copied to Clipboard!
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