Investing General Discussion

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Flobee

Flobee

Vyemm Raider
2,711
3,121
Gravel said:
I know we have a crypto thread, but I feel like every year this one comes up and I always laugh. The bitcoin people will always talk about the reasons crypto is viable as an actual currency and store of value, and then everything always comes back to using it as a way to make money. Which flies in the face of why it's a good currency because stable currencies don't just fluctuate in value to make you rich.
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Bitcoin != crypto.

Bitcoin price only fluctuates when you compare it to USD or another currency. Take a valuable commodity, like a house and price it in Bitcoin. It is in no way volatile, the price just steadily decreses in Bitcoin terms over time. It is the DOLLAR that is devaluing and is truly volatile.

Happy to continue discussion in the correct thread but to be frank, you're not looking at this through the right lens to understand. The point is that you can't fix the system from within the system. In other words, how can you understand and correct the issues in a USD denominated world when you price things in USD?

December 1, 2011 - 63,918.13 Bitcoin - $218,600
June 7, 2024 - 6.1 Bitcoin - $434,700
1717767055140.png


Edit to add linear scale because its funny. Left Y axis is USD price, right is BTC
1717767588645.png
 
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Rangoth

Rangoth

Blackwing Lair Raider
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haha, early, unannounced earning report(that obviously sucked, it’s GME) and announced 75 million new shares for sale….just enough for anyone shorting to cover. lol cant Have the little dude win. Ohh well, I was hoping to sell my options for double value, still take my 30% though
 
TJT

TJT

Mr. Poopybutthole
<Gold Donor>
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Doesn't this mean that institutional investors went right back to shorting GME after the fiasco a few years ago?
 
Burnem Wizfyre

Burnem Wizfyre

Log Wizard
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22,113
TJT said:
Doesn't this mean that institutional investors went right back to shorting GME after the fiasco a few years ago?
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Yes and it appears the CEO is bailing the people shorting them out. Honestly they should all be arrested imo, or hugged in Minecraft.
 
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C

Creslin

Trakanon Raider
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Burnem Wizfyre said:
Yes and it appears the CEO is bailing the people shorting them out. Honestly they should all be arrested imo, or hugged in Minecraft.
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Ya the ceo of the company with a negative free cash flow that desperately needs capital to continue operations selling shares into the teeth of a baseless share price rally makes no business sense at all!
 
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Burnem Wizfyre

Burnem Wizfyre

Log Wizard
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Creslin said:
Ya the ceo of the company with a negative free cash flow that desperately needs capital to continue operations selling shares into the teeth of a baseless share price rally makes no business sense at all!
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I could be mixing up AMC and GME but doesn’t GME have plenty of cash and no debts?
 
V

vegetoeeVegetoee

Trakanon Raider
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Creslin said:
Ya the ceo of the company with a negative free cash flow that desperately needs capital to continue operations selling shares into the teeth of a baseless share price rally makes no business sense at all!
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That's AMC, GME had FCF a profitable year a 1B cash on hand prior to first dilution. He did two off the backs of the very investors that saved his company lmao. People flipping their shit, and rightfully so. Dude hasn't even said why, and with their AGM next week, he probably still won't. Should be in jail, poor guys. Glad my calls 50x and Puts are nearing 3x.
 
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Foler

Asshat Foler

2024 FoH Asshat
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Blazin said:
Chart ugly, stock weak, bad entry . I think sentiment is poor, I’m not looking to sell into poor sentiment
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I think what you’re saying is right now there’s poor investor sentiment and you’re not gonna sell to lock in a loss(?)
 
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Borzak

Borzak

Bronze Baron of the Realm
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Might as well invest in artificial intelligence. Nothing to invest in real human intelligence.
 
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Blazin

Blazin

Creative Title
<Nazi Janitors>
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Fun being up $17,000 just today but I don't like these kind of moves. The over all bias though with major small cap outperformance is exactly what is needed but it has to have more legs than a day or two.
 
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Gravel

Gravel

Mr. Poopybutthole
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Was going to ask why the market was up so much today. It'd be one thing to get a big swing like this when the market has been trading in a smaller band, but we're already up a ton.
 
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