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Thread: **OFFICIAL** Trading and Investing Thread: Part XIV -- Reopening Edition

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05-19-2021, 05:42 AM
#1891
Originally Posted By taf1968⏩
lmao perfect gif
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05-19-2021, 05:58 AM
#1892
I know somebody was asking about buying Mara…

he said: it can't go lower :|
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05-19-2021, 06:07 AM
#1893
Damn . . . crypto just getting crushed.
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05-19-2021, 06:07 AM
#1894
may so far in summery


market = absolute dog chiit



edit:

why did crypto fall off cliff?
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05-19-2021, 06:16 AM
#1895
Originally Posted By Carbonfibre⏩
may so far in summery


market = absolute dog chiit



edit:

why did crypto fall off cliff?
China came out that they were clamping down.

https://www.reuters.com/technology/c...ss-2021-05-18/

China has banned financial institutions and payment companies from providing services related to cryptocurrency transactions, and warned investors against speculative crypto trading.

It was China’s latest attempt to clamp down on what was a burgeoning digital trading market. Under the ban, such institutions, including banks and online payments channels, must not offer clients any service involving cryptocurrency, such as registration, trading, clearing and settlement, three industry bodies said in a joint statement on Tuesday.

“Recently, crypto currency prices have skyrocketed and plummeted, and speculative trading of cryptocurrency has rebounded, seriously infringing on the safety of people’s property and disrupting the normal economic and financial order,” they said in the statement.
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05-19-2021, 06:23 AM
#1896
Rip coin
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05-19-2021, 06:29 AM
#1897
Originally Posted By taf1968⏩
China came out that they were clamping down.

https://www.reuters.com/technology/c...ss-2021-05-18/

China has banned financial institutions and payment companies from providing services related to cryptocurrency transactions, and warned investors against speculative crypto trading.

It was China’s latest attempt to clamp down on what was a burgeoning digital trading market. Under the ban, such institutions, including banks and online payments channels, must not offer clients any service involving cryptocurrency, such as registration, trading, clearing and settlement, three industry bodies said in a joint statement on Tuesday.

“Recently, crypto currency prices have skyrocketed and plummeted, and speculative trading of cryptocurrency has rebounded, seriously infringing on the safety of people’s property and disrupting the normal economic and financial order,” they said in the statement.
Welp…
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05-19-2021, 06:31 AM
#1898
so on that crypto crash


it seems lot of institutional investors got burned due to btc exposure


hence why market just pulled back like this
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05-19-2021, 06:34 AM
#1899
Originally Posted By Carbonfibre⏩
so on that crypto crash


it seems lot of institutional investors got burned due to btc exposure


hence why market just pulled back like this
Virtual currency. What could go wrong?
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05-19-2021, 06:39 AM
#1900
Originally Posted By taf1968⏩
Virtual currency. What could go wrong?
I've been saying it for the past five years: crypto currency has no future on a private level because governments will never allow it to compete with them. However digital currency will be a thing in the future, just on a public level.
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05-19-2021, 06:41 AM
#1901
Originally Posted By taf1968⏩
Virtual currency. What could go wrong?
Yeah.

Plus that above you posted just showed China basically running crypto land.

Imo for us if crypto crashes more all those investors will come back to stock market. Just gotta be patient here.

Someone like ark right now is under water on their COIN buying bigly so who knows where this goes.
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05-19-2021, 06:49 AM
#1902
Originally Posted By Duckliver⏩
Rip coin
meet kevin about to have a heart attack… he bought at 400 OUCHHHH

rip ark too
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05-19-2021, 06:51 AM
#1903
btc is reversing off lows here atm

$30K was floor its already $36K


the volatility is nuts
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05-19-2021, 06:51 AM
#1904
Looking at disclosed ARK purchases, they're probably sitting at around ~$320 cost basis on COIN
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05-19-2021, 06:53 AM
#1905
I am buying the dip in sq tho - solid company wth great results over and over
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05-19-2021, 06:55 AM
#1906
Thx Elon, Biden, AT&T and China for erasing 75% of my gains in about two months

I'll be holding and not selling still. Never selling I'll hold till zero. Fuk this clown world.
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05-19-2021, 06:55 AM
#1907
Gonna pay off some debt myself, everything I'm interested in is too expensive
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05-19-2021, 06:58 AM
#1908
My angus is not safe today. Everything is completely red.I thought rape was supposed to be illegal…
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05-19-2021, 07:01 AM
#1909
Originally Posted By dopamine72⏩
Thx Elon,
Makes you wonder did TSLA / Elon sell BTC on top.

Next earnings for tesla is July 22 so won't be known till than.

On other hand tsla stock lost more than their btc gains if they sold all at peak.
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05-19-2021, 07:02 AM
#1910
Originally Posted By camaleom⏩
I know somebody was asking about buying Mara…

he said: it can't go lower :|
Stock market is not safe . Everything that goes down must come up.

Keep buying the dip
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05-19-2021, 07:03 AM
#1911
Check out this btc mining facility. Lol @ppl saying “but they mine on renewable energy sources!!!” When Elon bounced.

https://vm.tiktok.com/ZMetSUCNn/
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05-19-2021, 07:09 AM
#1912
Red, amc alright tho







That dip buy on bitcoin, holy chit. Would have been nice. Today was the first day I decided to sleep until 9am in over a year. fuk missed gains.
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05-19-2021, 07:09 AM
#1913
Originally Posted By chino3⏩
Check out this btc mining facility. Lol @ppl saying “but they mine on renewable energy sources!!!” When Elon bounced.

https://vm.tiktok.com/ZMetSUCNn/
Elon sends rockets to space.

He knew exactly that crypto is massive waste of electricity.

Like I said above if Tesla sold on top BTC they did brilliant move.

However TSLA stock has been tanking so who knows if getting involved in BTC was right call from beginning.

Those Chinese farms have been reported on for years.

Find country with cheap ass electricity rates setup mining farm ie Iran / Vietnam etc.

Hell Venezuela is having power outages daily cause government is mining btc underground.

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05-19-2021, 07:16 AM
#1914
Originally Posted By Carbonfibre⏩
Makes you wonder did TSLA / Elon sell BTC on top.

Next earnings for tesla is July 22 so won't be known till than.

On other hand tsla stock lost more than their btc gains if they sold all at peak.

I wonder if the US government also maybe had something to do with Tesla selling bitcoin. Makes sense, EPA is against crypto, Tesla has all those tax credits, government could have said that he can't be associated with crypto if he is going to get the tax credits because it could make the government look bad if someone they have a deal with is associated with a non environmentally friendly alt currency.
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05-19-2021, 07:18 AM
#1915
Originally Posted By Carbonfibre⏩
Makes you wonder did TSLA / Elon sell BTC on top.
Next earnings for tesla is July 22 so won't be known till than.
On other hand tsla stock lost more than their btc gains if they sold all at peak.
Yeah they sold at the top (for now). BTC could very well go over its ATH within next couple years continuing its trend (if you've paid attention to the chart throughout the years).

Originally Posted By Carbonfibre⏩
He knew exactly that crypto is massive waste of electricity.
Yes he did, I knew about the massive energy consumption years ago and posted about it on here. He knew and he knew years ago probably before me. So why did he wait to talk about it till now….(rhetorical question)

Edit- So is anyone going to keep slowly buying into this chit? I am

And is anyone buying F? I'll be buying a lil more today
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05-19-2021, 07:21 AM
#1916
^^ I think it's just the fact that institutions were becoming more involved, either directly or indirectly through fund managers adding crypto exposure to their portfolios, and institutions care about a lot of stuff that doesn't matter at all to retail investors


People trying to get rich off chitcoins don't care about emissions, power consumption, or human rights violations in jurisdictions where their chitcoin is being processed
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05-19-2021, 07:22 AM
#1917
Now is a good time to buy some oil if you have not already, I think 62.60 was the likely bottom before the summer boom.

If it does go lower, it will bounce from about ~61.

Pretty sure I called this earlier.
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05-19-2021, 07:24 AM
#1918
Originally Posted By dopamine72⏩

Edit- So is anyone going to keep slowly buying into this chit? I am

And is anyone buying F? I'll be buying a lil more today
Only thing I’m interest in is WMT. might look into LEAPS for a call spread not sure just yet.
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05-19-2021, 07:29 AM
#1919
Walmart got nothing but upgrades this morning

seems like good stock to trade short term and be long term holder atm

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05-19-2021, 07:33 AM
#1920
Originally Posted By Casser1242⏩
Should pump back in the market. Looks like its game over for bitcoins for now.

27% return if you bought during the dip.. No where else in the market to get that right now.


Game is definitely not over for it. Returns are greater and losses can be greater with crypto, market as a whole is chit right now.
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