Boiler Room: The Official Stock Market Discussion

[GoldenGlove]

I wonder why he's so big on cryptocurrency when it's so volatile it's difficult to ever use as actual money.

You're a gamer, so you of all people should understand how the concept of digital currency/money works.

Not all crypto is volatile. Stablecoins are pegged 1:1 to FIAT currency.

Think about any game you have, when you purchase in-game currency, it's not volatile within the game's ecosystem right? You realize this very concept will have to be used whenever the metaverse becomes a reality.

 

[winb83]

You're a gamer, so you of all people should understand how the concept of digital currency/money works.

Not all crypto is volatile. Stablecoins are pegged 1:1 to FIAT currency.

Think about any game you have, when you purchase in-game currency, it's not volatile within the game's ecosystem right? You realize this very concept will have to be used whenever the metaverse becomes a reality.

Within a week Bitcoin could drop $10k in value. If you price a Tesla at 1 BTC depending on the month you're in that could be drastically different in price. Could be $64k or $34k. In game currency is controlled by the developers and publishers rather than the market.

 

[GoldenGlove]

Within a week Bitcoin could drop $10k in value. If you price a Tesla at 1 BTC depending on the month you're in that could be drastically different in price. Could be $64k or $34k. In game currency is controlled by the developers and publishers rather than the market.

Stablecoin Definition

 

[winb83]

Stablecoin Definition

None of this hype behind crypto is about stablecoin. Who even accepts it as a purchase option?

 

[blues_funk_reggae]

I'm hitting all time lows on stocks I've held since January, smh. This fear mongering needs to stop.

 

[Saysumthinfunnymike]

Anybody actually make money this year?

Yes but not really on longs... short plays and leaps

 

[Saysumthinfunnymike]

At this point, does anyone honestly think this country will enforce a national lockdown and close everything down?

Hell no.. that's why the narrative is just noise. Hasn't been a great year for Joe either so no way in hell he gonna put people in a quarantine. He'll just say "get vaxxed" and move on.

 

[Reign X]

Now we'll start to really see why he acquired TIDAL. I have ideas, but I knew this is why he stepped down from Twitter.

I think all the companies and projects that he launches under Block will be integrated with cryptocurrency services that provide compensation incentives to users.

I’m happier about holding onto my square stock now. Crypto is the way for them to still grow market cap a lot.

Tesla has carried my entire portfolio to a decent year. Some of these small caps looking great, can’t see them dropping too much as they’re undervalued. Just wish I had more money to invest right now, and not tied up till January.

 

[winb83]

At this point, does anyone honestly think this country will enforce a national lockdown and close everything down?

If it got bad enough yeah it would happen. Let's say a strain came out and it got so bad 100k+ people a week were dying nationally. You think they'll just shrug it off? In 7-8 weeks the death toll of the pandemic would double from almost 2 years before it.

Not saying that's gonna happen or is even realistic but at some point you don't have a choice if things keep escalating.

 

[Brolic]

Do y’all look at the 8 pillars of investing?
I was watching a YouTube channel that uses it. Based on that almost every popular stock is overvalued. Wtf I am I supposed to invest in
I only have Apple, Microsoft, AMD, FTEC, VGT, and VOO

 

[dora_da_destroyer]

If it got bad enough yeah it would happen. Let's say a strain came out and it got so bad 100k+ people a week were dying nationally. You think they'll just shrug it off? In 7-8 weeks the death toll of the pandemic would double from almost 2 years before it.

Not saying that's gonna happen or is even realistic but at some point you don't have a choice if things keep escalating.

That’s so unrealistic that no, we’re not doing another lockdown over rona. If some other pathogen hit with a death rate high as Ebola and as easily transmitted as Covid, then ok - but that would be a whole new disease, not rona

 

[dora_da_destroyer]

Do y’all look at the 8 pillars of investing?
I was watching a YouTube channel that uses it. Based on that almost every popular stock is overvalued. Wtf I am I supposed to invest in
I only have Apple, Microsoft, AMD, FTEC, VGT, and VOO

For a portfolio this small, you’re overweight tech. But honestly, most people should have about 5-12 investments, max. So you’re actually doing good by having a small number and in strong companies and index funds. Your portfolio has grown nicely this year compared to the L’s we have in here

 

[Rickdogg44]

Got approved level 3 on Schwab. Gonna sell naked calls. Pray for me

I have a strategy since I'm mostly cash. Sell otm after pop days... keep cash limit to buy if approaches strike therefore making it covered

Not financial advice

 

[humminbird]

Got approved level 3 on Schwab. Gonna sell naked calls. Pray for me

I have a strategy since I'm mostly cash. Sell otm after pop days... keep cash limit to buy if approaches strike therefore making it covered

Not financial advice

 

[dora_da_destroyer]

Got approved level 3 on Schwab. Gonna sell naked calls. Pray for me

I have a strategy since I'm mostly cash. Sell otm after pop days... keep cash limit to buy if approaches strike therefore making it covered

Not financial advice

how much money are you making on options - like return %? how often you actively doing stuff...yall options cats seem like you need to be logged in all day every day