Board 8 > Stock Topic 28

(+) Yeah! (+)

ChainLTTP posted...

Bingo. Exactly why the Left hates crypto so much.

And it's such a blind hate too. There's no consideration for how to change it so that it's not so environmentally detrimental it's just "THIS IS EVIL AND MUST BE BANNED" because I swear to god these people are not capable of competing thought processes.

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ChaosTonyV4 posted...

The amount of wealth a rich person who can afford millions of dollars of energy and your average crypto day trader can generate is not the same.

You don't understand the situation at all.

You don't have to be an average crypto day trader to spot an alt-coin that can boost your wealth and take advantage of it.

If you lot are able to get crypto crippled, you take that capability away for so many.

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ExThaNemesis posted...

You don't understand the situation at all.

You don't have to be an average crypto day trader to spot an alt-coin that can boost your wealth and take advantage of it.

If you lot are able to get crypto crippled, you take that capability away for so many.

Thats cool dude, how and why do you think regulation to reduce power usage is going to stop alt coins?

Youre so defensive of crypto you arent even connecting the cause and effect here.

Bitcoin artificially increases the amount of work it takes to mine blocks over time, thereby increasing the amount of power it requires. Its Bitcoin and the proof of work coins that are the issue, not proof of stake or day trading altcoins.


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Tony guess what happens to literally every other coin when Bitcoin crashes?

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And yes obviously proof of stake is the way, I'm the biggest ADA nut here.

But we're a long way from that being the norm and having mass adoption. Bitcoin is still the king for now and probably forever.

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Thats how it is now because most coins are tied to the value of BTC as their index, but I suspect if Bitcoin crumbles due to regulation (which I actually think is impossible btw, its a whole different discussion but I think BTC will persist even after/if mining energy consumption is regulated), that just means the altcoins will find a new reserve currency equivalent.

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ExTha, you are being dumb in your defense of bitcoin.

Because it isnt' all crypto, but rather bitcoin specifically that is being vilified for it's energy usage.

And you of all people should realize that bitcoin (by design) uses WAYYYYYY more energy than it needs to for the purpose of verifying transactions. There are countless other tokens that either use proof of stake or use a much more efficient proof of work and require far less energy.

And the "ability of the common man to make money" is not because it is this inherently noble thing, but because it's a volatile market that is prone to large sudden gains.

.

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Now as someone who IS concerned for the environment I'm choosing to be hopeful that the confrontation between crypto supporters and people concerned about energy will result in crytpo supporters choosing to invest in renewable energy reform so they can have their cake and provide it's energy too.

But your reaction is just the pointless gnashing of teeth and blindly ignoring the actual details of the situation. And it IS a situation regardless of how you propose bitcoin energy costs be addressed the fact is that at some point it must be.

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Forceful_Dragon posted...

Now as someone who IS concerned for the environment I'm choosing to be hopeful that the confrontation between crypto supporters and people concerned about energy will result in crytpo supporters choosing to invest in renewable energy reform so they can have their cake and provide it's energy too.

And I'd love to invest in renewable energy. I'm not opposed to that at all. I'm trying to figure out how to get solar panels on the roof of my house here soon.

I just seriously bristle at the opposition to Bitcoin I see in these topics.

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ExThaNemesis posted...

And yes obviously proof of stake is the way, I'm the biggest ADA nut here.

If you realize this then WHAT is the problem?

Bitcoin is to cryptocurrencies like when you are making pancakes. It was the first one and it didn't quite cook or flip right and came out lopsided and fucked up. But by the second and third pancakes you've got it figured out and they much superior to the first.

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Im actually in on crypto after a Bitcoin crash. It has useful applications. But destroying the planet in order to make money IS LITERALLY THE THING people complain about evil businesses like Nestle or oil companies doing

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The Right should hate bitcoin too, 65%+ of all created bitcoins go right into China.

This number has likely grown recently as well.

ExThaNemesis posted...

I just seriously bristle at the opposition to Bitcoin I see in these topics.

"Yes, bitcoin is not energy efficient, particular compared to other tokens. But there are solutions that do not involve banning it and I believe we should focus on those. In the mean time there are many other tokens that we can focus on and cryptocurrency as a whole does not need to be banned or unfairly regulated because of one single inefficient coin"

Just copy and paste that then.

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ExThaNemesis posted...

Obviously I think my stance is a lot more moral.

Rich people are going to find any number of ways to exploit the environment for their benefit and y'all want to go after the one that allows regular people to also generate wealth and upward mobility?

Crabs in a bucket bro

This is simultaneously the most hilarious and most idiotic defense of crypto I've ever heard. Incredible

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Peace___Frog posted...

This is simultaneously the most hilarious and most idiotic defense of crypto I've ever heard. Incredible

Eyeroll. I notice you have no justification for this position other than "this is what I think" which is pretty typical.

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ExThaNemesis posted...

Eyeroll. I notice you have no justification for this position other than "this is what I think" which is pretty typical.

Regular people cant actually drop money on a mining rig and actually move somewhere where they can generate more than peanuts over their electricity costs.

Bitcoin is still just the rich getting richer and lining the pockets of China.

Listen if we can work together to make it so Bitcoin doesn't control the entire crypto market I'd be down to have that conversation, but the conversation you all seem to want to have (FD excluded) is how to shut down the entire industry with regulation, and that I am not having.

And there are more ways to make money with Bitcoin/crypto than by mining.

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So you dont have justification. You just dont want to lose money. This is what I'm hearing.

Just out of curiosity, how much does minting actual money hurt the environment?
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Were about what, 100 years away from the last Bitcoin being mined?

Just gotta survive until then!
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Leafeon13N posted...

So you dont have justification. You just dont want to lose money. This is what I'm hearing.

I wouldn't mind losing money if there were legitimate reasons behind it. Like say it came out that Charles Hoskinson was a violent murderer and ADA tanked today, I'd be like "welp"

But losing money because some braindead eco-fascists got crypto regulated to death would be unacceptable.

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I mean, there are legitimate reasons behind them, you are just choosing to ignore them.

Why is GME rising 10% today? what is exactly the driving force behind it anymore?
WSB are repeating themselves for 2 months now and it got old.
DFV might have doubled down again but he also said he is no longer going to provide updates
So...where exactly is the hype coming from?

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ExThaNemesis posted...

Eyeroll. I notice you have no justification for this position other than "this is what I think" which is pretty typical.

Rich people are already preparing for the effects of climate change by protecting their own interests. What makes you think they'll help out the average joe after the planet goes to shit? What makes you think daddy elon will have good will to bring the poors into his mars utopia?

You won't be one of them, extha. You're a useful idiot to these people. Environmentalists aren't concerned with regulating every single thing you hold dear, but they do want to make it so that you get to spend a little more time in your house before everything goes up in flames.

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Peace___Frog posted...

Rich people are already preparing for the effects of climate change by protecting their own interests. What makes you think they'll help out the average joe after the planet goes to shit? What makes you think daddy elon will have good will to bring the poors into his mars utopia?

You won't be one of them, extha. You're a useful idiot to these people. Environmentalists aren't concerned with regulating every single thing you hold dear, but they do want to make it so that you get to spend a little more time in your house before everything goes up in flames.

So the stock topic lived long enough to become a villain?
You are kinda hostile idk

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Jakyl25 posted...

Just out of curiosity, how much does minting actual money hurt the environment?

More energy is spent mining than the entire country of Argentina combined.

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Peace___Frog posted...

Environmentalists aren't concerned with regulating every single thing you hold dear, but they do want to make it so that you get to spend a little more time in your house before everything goes up in flames.

Hail the all-knowing environmentalists! Praise them for helping us help ourselves!

Nanis23 posted...

Why is GME rising 10% today? what is exactly the driving force behind it anymore?

I've given up trying to make sense of this stuff honestly.

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started a position in gvsi when the gap closed.

SMAA killing it today for me, love to see the volume here.
WTII is still up, but definitely saw sells since 945/10 am
RGBP is showing a rising three methods on the daily chart potentially
PVDG red day, but still looking ok here
PUGE not having a good day sadly.

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https://i.imgur.com/aZM1nqY.jpg

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Bitcoin 20 IQ lmao, I wish

A few years ago I worked as a PC techinician in a company, and sometimes when we had to move a lot of hardware we would call a outsource company to give us manpower to help with this
So they basically gave us people that are close to jobless, sitting in their home for the whole week until someone needs them, and then they come to do some shitty job
One of them was a super weirdo freak, he was kinda stupid and totally socially awkward. Talked with people that didn't want to talk with him and stuff like that.
And the thing he was talking about the most? Bitcoin. He bought a lot of them back then (back when it was $200ish) and he couldn't shut the hell up about it.
We all though he was out of his mind

I don't know what he did with them, maybe he sold them all when they reached $1000 or maybe he is all holding to this day
I just know that sometimes a success in the stock (and crypto) market has nothing to do with IQ :|

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That is ridiculous. Bitcoin has been massively profitable for most people who bought it while 4 out of top 5 on that chart probably have most people who use them lose money.

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masterplum posted...

https://i.imgur.com/aZM1nqY.jpg

God this is so lame and is maybe the quintessential "I don't know how to adopt to new market strategies and make quick money off trends" thing I've ever seen

It's not that hard to make money, a megaton of it, off week long holds. Not to mention the "lowest IQ" stuff all being crypto is laughable

If it's going by statistics, well, at least it nailed selling covered calls as the easiest strategy

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GME up 10% AH lol

I need to remember to buy AMC when it falls in price, damn. It's been up 13.19% today

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MMEDF to be listed on the NASDAQ, my warrants are flying weeeee

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Looks like GME sold 3.5 million shares at an average price of $157, raising $551 million in cash. About double the market cap of the company last year around this time LOL.

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CoolCly posted...

MMEDF to be listed on the NASDAQ, my warrants are flying weeeee

This is awesome. I was looking at MMEDF a long while back just because I support psychedelics research, but I never bought. If I knew they had warrants I might have hopped on board.

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Im going into Pinterest tonight. I know it will go up at least 1% prior to earnings coming out. I will set a limit order to sell at that amount.

Happy to see homie stock EVRI reach an ATH today. This assures me that next time it dips sub-$14 I dont have to stress as much over a recovery.

Wish I bought more AMC a week ago.

Wish I bought FIVE yesterday, but I'm enjoying the nearly 3% gain today for sure. It's the most valueable stock in my portfolio based on liquidation value, so I didn't buy more because I felt it was too big of a chunk of it. But I wish I did.

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No way to predict AMC, just like GME. FIVE has been a good stock though.

I got back into RIOT. I plan on selling today or tomorrow.

AMC has no right to be with a higher price than pre-pandemic AMC
It's just a meme stock now

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AMC is straight up gambling but it's fun to watch.

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Aww yeah I bought some AMC when it was under $10 let's goooo

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Oh yeah NET is doing great this last week. Earnings in 9 days and it also tanks, so debating if I should sell some beforehand.

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Speaking of meme stocks, Blockbuster briefly spiked up to 4 cents a share yesterday for no reason that I can see.

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StartTheMachine posted...

This is awesome. I was looking at MMEDF a long while back just because I support psychedelics research, but I never bought. If I knew they had warrants I might have hopped on board.

dawg



I also forgot about MMED.WA in this for some reason which is an exercise price of $2.45 and trading around $4.36 now (prices above are outdated obv)

generally not quite the OTM warrants you favour though and can you guys even buy CAD stocks on the TSX or NEO? I'm in MMED.WS.TO myself

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dang, AMC hadn't moved awhile so I sold a covered call in two weeks at $10.50. Oh well, I'm fine with these cursed shares being assigned. I've been holding these with my cost basis of $13 and selling covered calls every couple weeks since the spike so I'm in the money on it in general.

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Menji posted...

Oh yeah NET is doing great this last week. Earnings in 9 days and it also tanks, so debating if I should sell some beforehand.

ohhh yeah baby this one is looking good. Cloudflare was DESTROYED by the correction in the last couple months but it finally recovered suddenly yesterday and today. I have 45 shares in my long term account I'll probably hold on to but it might be time to say good bye to the 13 shares in my short term account.

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NET crushed me on its poor earnings last quarter.