Boiler Room: The Official Stock Market Discussion

K-Deini

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Like I said this crazy ass Elon is up to something.

That's why I bought more Dogecoin at the crazy dip.

Yesterday



Today


Careful with that doge breh. It's being heavily shorted right now. If .40 doesn't hold look out below
 

phcitywarrior

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Fundamentally I still don’t understand or like crypto. It seems most people want to acquire it, get gains, and convert it back to dollars. Which invalidates the whole idea of it being an alternative currency

The “currency” part is a bit of a misnomer. Think of it more of an asset, kind of like digital gold but with far more volatility.

Its the same with any other illiquid asset that people acquire. When they’re ready to get the value they sell into hard currency.

Crypto is no different.

ETH has some interesting use cases and its blockchain tech is pretty legit.

Make no mistake, there’s money to be made (and lost) in crypto, even if just in the short term.

Bitcoin really should be called a crypto-asset. Something like Tether should be an actual cryptocurrency.

But y’all keep your eye open for that CBDC tho :mjpls:
 

GoldenGlove

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I don’t get it, is that trolling? There’s no actual mining in crypto mining right :huh:


And why doesn’t Elon care about the ills of cobalt mining for his batteries :mjpls:
Bitcoin Energy Consumption Index - Digiconomist

This is why back in Feb when he announced that Tesla was investing in BTC and that they would start accepting it as a payment, a lot of people were like, "Tesla investing in Bitcoin is a huge contradiction to Tesla's core values"

Dude is a troll
 

winb83

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Lemonade is getting ravished. It’s approaching 52 week lows fast. I might have to open a position.
 

bnew

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It’s funny people begged for another drop in the market after the flash crash last year was over so quick and many missed out.



It’s here now in the form many declines take and people are upset about it.

I never asked for this :mjcry:

Ended the day down 3500. Everything red, even shyt that had a quick pop - PLTR, CCIV, IPOE, BB ended up just barely green.


I actually hope we have a red couple of weeks. Get the check from my property sale next week :demonic:

:leostare:
 

CrimsonTider

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The “currency” part is a bit of a misnomer. Think of it more of an asset, kind of like digital gold but with far more volatility.

Its the same with any other illiquid asset that people acquire. When they’re ready to get the value they sell into hard currency.

Crypto is no different.

ETH has some interesting use cases and its blockchain tech is pretty legit.

Make no mistake, there’s money to be made (and lost) in crypto, even if just in the short term.

Bitcoin really should be called a crypto-asset. Something like Tether should be an actual cryptocurrency.

But y’all keep your eye open for that CBDC tho :mjpls:
It should be called FOMOasset

that’s all it is and all it will ever be
 

Reign X

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It should be called FOMOasset

that’s all it is and all it will ever be

earning that woat title. How much about bitcoin do you really know or other cryptos with diff features like fast transaction times? Spreading misinformation is more serious then you think. Just look at the states since russia interfered with election.
 

winb83

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It should be called FOMOasset

that’s all it is and all it will ever be
I put $10 a paycheck into BTC and that’s all I’m willing to do. If it goes to $100K I’ll get a couple thousand windfall but if it goes to nothing I’m not losing much.

I’m not rich so I can’t throw decent money at something that’s pure speculation backed by nothing.
 
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