PIMPING STOCKS

[call_me_ishmael]

Yeah I'd love to hear more. I have 220K in cash sitting around right now. I want to invest ~100K of it. I am _very_ comfortable getting an 8-10% ROI. If it's basically guaranteed, I'm in. This is my "this is going to be a really bad recession" fund so losing it is not an option.

[bobblehead]

Yeah I'd love to hear more. I have 220K in cash sitting around right now. I want to invest ~100K of it. I am _very_ comfortable getting an 8-10% ROI. If it's basically guaranteed, I'm in. This is my "this is going to be a really bad recession" fund so losing it is not an option.

There is no basically gauranteed. That is the reason you diversify. You need to find 10-20 stocks that are valued properly. That mitigates risk. You need to think long term. Investing done right is boring. Done wrong its gambling.

I'm not sure your age, but guessing it to be 40ish or under? You should take all your coinage that is for investing, split it between S&p 500 and QQQ (nasdaq). You will be heavy in all the big tech companies, but that is ok because you have near a 20 year timeline. It will have good years and bad. No one I have ever met is smart enough to predict when those will occur with any great accuracy. Again, done right its boring.

My advice to nearly everyone I meet (because very very few have the skill AND desire to study stocks) is simple. 1) Max your 401k if you have one, or IRA if not 2) Pay off your house and if you move put all the equity into your new house. 3) If you have done both of those and have money left over split the S&P and QQQ in a TDameritrade account.

Unless you are truly a professional investor that is the best play in 99% of the cases....which is why I haven't spent a lot of time on this thread. To my knowledge no one in this thread is a professional trader, so picking individual stocks is a fools errand. They will panic at the wrong times and get frothy at the wrong times. Most people who don't just invest and leave it average around 3% return because they get excited and buy when stocks are going up and get scared and sell when they are down. i.e. buy high and sell low.

Right now we are in a historically HORRIBLE first 6 months of a year. I am all in and have extended my margin buying about 12% (and it has gone up nearly daily). I expect we are heading in the right direction since the market precedes the economy by 6-8 months. The market already has had the recession we are in/headed into and its already moving out of it. this is also why its imperative to be honest with yourself and not follow the media who continually insist that 9% inflation and a shrinking economy isn't a recession. It certainly is. When they say things like "we might have a mild recession next year" they are lying with an agenda. But I'm getting political here and don't want to offend others in this thread. We are in a recession and we likely will be coming out of it very early next year. So I expect the market to begin improving....BUT that doesn't mean I went all in on my margin because predicting the market is a fools errand. I simply cost average on the way down, then trim profits on the way up. At a certain point of over valuation I will begin to build a cash position (which I was in by late 2021). Sometimes I sit on cash for longer than I am comfortable, sometimes my margin is extended for longer than I am comfortable because I can't guess WHEN the market will reflect valuations properly. But I never get more than 20% into the margin or 20% into cash. Again, slow, steady, boring.

So that was a hell of a response to a simple question, but I hope at least a few people walk away with a little more knowledge (and a little less gambling in the market).

[australianpackerbacker]

Bitcoin in 2019 is akin to the Internet in 1995. People also said things like, you're never gonna be able to stream a video on the internet, much less listen to music. Email? Who needs that? We have fax baby! Who remembers AOL? Same thing with scalability of bitcoin, and also use case and adoption, but youre not gonna see that with the lens you are currently looking through, the same way internet naysayers couldnt visualize a future where the internet was in any way shape or form useful. If you really knew as much as you say you do about it, you would also understand, that it is a nascent asset class, and it goes through major hype cycles, like you mentioned when price went up to 19.3k and dropped to 3.2k. This is entirely normal in an asset class that is in the hundreds of billions that doesnt have a clear-cut use case, other than being digital gold 2.0, an excellent store of value, just like gold, but better, because more gold can always be mined, but bitcoin is and always will be capped at 21million. Im not pro crypto as much as pro bitcoin, i think 99% of altcoins are scams. Think about the stock market, it fluctuates 1-5%, and its market cap is in the TRILLIONS. So there is literally hundreds of billions of dollars being traded daily, basically more than the value of the ENTIRE cryptocurrency market cap. So put that into perspective with regrads to volatility. Same thing happend with Amazon and a lot of early tech stocks in the late 90s/2000s, they crashed hard because "no use case". When was a great time to buy Amazon? Exactly that time, just like it was a great time to buy BTC at 3k.

Yes, its usage is minimal right now, just like people using computers in the late 90s and smart phones in the mid 2000s was minimal. But consider this. The amount of people in the millions, that know and use bitcoin(and many like me dont spend their bitcoin, right now for me its a store of value with future potential as a medium of exchange) is roughly 25-30 million. The global population is 7.8 billion. And LOOK at the price, from simply 25-30 million people interacting and engaging in the protocol!!! As of today still 9200. Lets call it 10k for arguements sake. Now imagine 300 million people all over the world actively adopt bitcoin as a store of value or medium of exchange. The potential is on a level that is soo fucking ridiculous im shocked more people dont genuinely look into it. But its hard for most people to use an alternative currency when fiat currency, i.e. paper money, still works for 2 billion people. So in many ways the system has to fail people, just like it did in 2008 before the Federal Reserve started printing money to bail out the greedy fuckers that got us into this mess in the first place, debasing the very currency that everybody "trusts".

None of us were taught about money in school. Coincidence? Hell no, its by design. Just like you werent taught how to eat the right foods or heal yourself. Most people dont truly understand how fiat money works, if they did, they would riot. The average lifespan of a fiat currency is 27 years, so the USD is an anomaly, in many ways, and the bankers(the fraudsters) just started printing money again, calling it quantitative easing and negative interest rates, to prop up and continuously beat the dead horse. This is called Keynesian economics. It doesnt work. Fiat money, is essentially what is called "soft money". So i have 1000USD and that can buy me a new car in 1940, but since the bankers continuously print more and more money, naturally that 1000USD has much less buying power than it did even 10 years ago, essentially robbing you of your spending power, while your wages are exactly the same! This is why we all live in a global kleptocracy, the value of what we EARN, through hard work, is undermined by the greedy fuckers in power.

Bitcoin reintroduces the concept of Austrian economics, where a fixed supply currency can never be devalued or lose buying power. Consider this concept, that is unfortunately a sad reality. Would bitcoin exist at all if everybody totally and implicitly trusted the current economic paradigm to serve them and all their needs wholeheartedly? Why would it even exist if the current system was honest and worked for everybody?

Also, like i said earlier, bitcoin is an evolving tech, in 2017 maybe at worst case you had to wait 1hr at the HEIGHT of its hype cycle for a transaction to be completed because the network was congested. But since then we have had other protocols built on top of bitcoin that have evolved. Look up lightning network. Instant transactions(less than 10 secs) with almost minimal fees. This is an evolving tech so your stories that you had about it in 2013, 2015, 2017, 2019, 2021.....constantly need to be checked and evolved as computer science and cryptography does. Its not fair to compare bitcoin in 2010 to bitcoin in 2019 or 2029, but the overall trajectory is constantly evolving and going in the direction of largescale adoption.

https://www.lookintobitcoin.com/charts/bitcoin-profitable-days/

In the entirety of bitcoins existence, it has been profitable to hold bitcoin during nearly 94% of its ENTIRE EXISTENCE. Show me a stock, commodity, real estate, asset that has produced this result.

https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25

This is what i was talking about earlier with regards to price appreciation, long term. Bitcoins stock to flow will be equal to that of gold, by 2024. Potentially valuing bitcoin up to 350-400k.

https://medium.com/coinmonks/bitcoins-natural-long-term-power-law-corridor-of-growth-649d0e9b3c94

Bitcoins long term power law.

All in all, ive put in 1000s of hours of research into understanding what the fuck this exactly is. And bottom line is, bitcoin in 5-7 years will become the defacto world reserve currency. And when this happens. There will be no more USD, EURO, FRANC, YEN, POUND. Why? Because bitcoin has the best, cryptographically secure, mathematically proven, sound monetary policy that is easily defined and predictable over the next 120 years, that cannot be altered or disrupted by any single entity or government. This is its true power. You no longer need to trust anyone or anything with financial honesty.

Best performing asset of the last decade. Will continue to be the best performing asset of the next decade. Why?

Bitcoin is the invention of ultimate scarcity, the most perfect monetary good ever invented. Fixed supply currency that's highly divisible. Erases the idea of a central authority. Own as much of it as you can while people still don't understand these concepts. Your grandchildren will be grateful.

The next 3 years will be the world discovering Bitcoins role to protect against hyperinflation, and total currency collapse. Dark times ahead, but there is light at the end of the tunnel. Ask yourself what inflation is and how it works? What is its relationship to the idea of "time" and "money"? How do they share space? This is why Bitcoin is the best monetary asset ever invented.

Also, if anyone is wondering, when is the best time to buy bitcoin? Did you buy it when the price was bouncing between 3-13k in 2018-2019? Nope. Because you're stuck in short term trader mentality. In retrospect, long term, you will realise it is the only asset you ever need to own, because it is THE asset by which our future selves will understand what a true medium of exchange is. When this sinks in there will be no point holding any other, stock, bond, "crypto", or even to hoarde real estate. These things only make sense from the perspective of state controlled money.

Bitcoin will always be cheap until you realise what it is and how it works. You're witnessing the creation of a new monetary paradigm.

Gotta let the demons who are running the show bring us closer to the light for y'all to understand.

Also funny how quiet this thread has gone over the past 9 months! 🤣 REKT...🤣

[call_me_ishmael]

I mean, I guess. I own several bitcoin and a lot of eth and I agree on some points but the proof is in the pudding, no?

Crypto also got rekted. It got rekted _a lot_ worse than my other holdings.

I agree the currency is very well designed and will eventually be a thing. I kind of want to go work at Square on payment infrastructure around BTC and work on making it a thing.

BTC needs to get to the state where I can just use a credit card and everything just magically works and insurance is a thing, etc. It's not there yet.

[australianpackerbacker]

I mean, I guess. I own several bitcoin and a lot of eth and I agree on some points but the proof is in the pudding, no?

Crypto also got rekted. It got rekted _a lot_ worse than my other holdings.

I agree the currency is very well designed and will eventually be a thing. I kind of want to go work at Square on payment infrastructure around BTC and work on making it a thing.

BTC needs to get to the state where I can just use a credit card and everything just magically works and insurance is a thing, etc. It's not there yet.

Not sure what you mean when you say proof is in the pudding, unless you're referring to an "I'll believe it when I see it" type mindset. By that time the price will be on a different planet in terms of "USD" valuation. The opportunity is in the leap of faith. What bitcoin is essentially doing is erasing the idea of TRUST between two parties, by acting as an incorruptible medium of exchange. By erasing the need to trust, you build a level of comfort, honesty and truth in a society, and in a race of people, aka the human race, that has faith in one another in built into the concept of energetic exchange between one human being and another, so you're essentially evolving humanity. Imagine being able to trustlessly trust a person you do not know because the money is incorruptible. It also psychologically erases the need be dishonest, since everyone receives a fair cracking at earning a living. Show me the incentives and I'll show you the outcome. This is where true capitalism can be born, not the kleptocratic version of capitalism we are looking at today.

Also, Ethereum and all other "crptos" are designed to distract you from the reality of the points I've made above in different posts. The overlords in power can't lose control of the money supply, once they do its game over for all these endless wars, because then you have to ask for permission from people who will not give up their scarce asset to go and fight an external battle on foreign lands. This point is also the beginnings of the potential for true world peace between nations, because through true scarcity you can breed true prosperity. Inflation has the opposite effect, because the money being inflated is controlled by the people in power who dictate where that goes and how it gets washed through the system. Once hyperinflation kicks off, which we're already seeing with gas prices and household goods, people are going to start to wonder why the shelves at the supermarkets are empty. Its not just a supply-chain issue, it's a currency issuance/lack of scarcity and reliability in the medium of exchange aka lack of trust. Ultimate scarcity breeds trust, ultimately, leading to true wealth and prosperity, for as close to 100% as it can get. That in itself is a revolution.

Crypto is a pump and dump scheme, mostly. Sell people a pretty story with bells and whistles and.put a bit of marketing behind it and wholla, you got yourself a bunch of suckers buying tops. It's all designed to distract from the bitcoin invention. Nobody is going to know fuck all about NFTs same as nobody cares about the 2017 ICO craze with the "next bitcoin". Eth is garbage primarily because there is no fixed supply issuance and it's designed to enrich its developers.

Check out the lighting network.

Regarding your last paragraph, check out what's going on in El Salvador. They have adopted bitcoin as legal tender over a year ago and have rolled out applications for transferring cash into bitcoin instantly, and vice versa, via the lightning network. The technology people are asking for to get bitcoin in a position to have instant settlements ala visa and Mastercard, that's already here. It's just a little clunky, but given time all these things will evolve.

Most people will only start using it out of necessity, because what's coming in the very near future is all state controlled currencies will begin to hyperinflate, so all that money we spent working hard earned time for, will evaporate. It will be 2008 but on steroids. Their plans to replace it will be with a CBDC, so you have the option of going for freedom money or using programmable government money that will be linked to a carbon credit system and will dictate how you eat and move through the world. Aka social credit score. It's already like this in China.

[call_me_ishmael]

I know all about Bitcoin, but you're looking with too rose colored of glasses right now. It's been like ~15 years (I bought my first coins 9 years ago) and it hasn't happened yet. Institutions will do everything they can do prevent it and control the currency. China, for example, could easily kill BTC entirely if they wanted since so much commerce flows through China. They block the ports and it's game ova.

[australianpackerbacker]

I know all about Bitcoin, but you're looking with too rose colored of glasses right now. It's been like ~15 years (I bought my first coins 9 years ago) and it hasn't happened yet. Institutions will do everything they can do prevent it and control the currency. China, for example, could easily kill BTC entirely if they wanted since so much commerce flows through China. They block the ports and it's game ova.

Factually innacurate with the China fears. You're referring to the idea of a 51% attack on network. Not possible because the mining has become decentralised. At one point almost 60% of the network was in China, due to cheap electricity. Bitcoin mining was banned in 2021 in China, so now the current estimates range between 15-25%. Even when it was high it never happened because destroying the protocol wasn't in anyone's financial interests. So your China fears aren't accurate.

Im an optimist and an idealist, but it hasn't been 15 years. It's been almost 13. Like I stated above. It's not going to happen for the majority of westerners because they live in a system that caters to them. Ask somebody in Venezuela, central Africa, India, how easy it is for them to get a bank account and loan. If you were living in these circumstances and you could get a bank account on your phone that only you controlled and nothing else, your opinion would be 180 from what it is. Your western comfort and ease of being monetised dilutes the reality, and the lens which you see the bitcoin story through. These days anyone with a smartphone can plug into a global monetary network controlled by nobody. We take it for granted because we can get loans, credit cards and the system works for us. Doesnt work for 3b people though. Which is ironically why the western countries will be the slowest to understand and adopt it, because of convenience, and lack of necessity.

Im always filled with hopium. It's a better buzz..��

[australianpackerbacker]

https://mobile.twitter.com/DocumentingBTC/status/1569726765144358912

https://mobile.twitter.com/SovMichael/status/1569264243299549184

[call_me_ishmael]

Factually innacurate with the China fears. You're referring to the idea of a 51% attack on network. Not possible because the mining has become decentralised. At one point almost 60% of the network was in China, due to cheap electricity. Bitcoin mining was banned in 2021 in China, so now the current estimates range between 15-25%. Even when it was high it never happened because destroying the protocol wasn't in anyone's financial interests. So your China fears aren't accurate.

Im an optimist and an idealist, but it hasn't been 15 years. It's been almost 13. Like I stated above. It's not going to happen for the majority of westerners because they live in a system that caters to them. Ask somebody in Venezuela, central Africa, India, how easy it is for them to get a bank account and loan. If you were living in these circumstances and you could get a bank account on your phone that only you controlled and nothing else, your opinion would be 180 from what it is. Your western comfort and ease of being monetised dilutes the reality, and the lens which you see the bitcoin story through. These days anyone with a smartphone can plug into a global monetary network controlled by nobody. We take it for granted because we can get loans, credit cards and the system works for us. Doesnt work for 3b people though. Which is ironically why the western countries will be the slowest to understand and adopt it, because of convenience, and lack of necessity.

Im always filled with hopium. It's a better buzz..��

No, I'm referring to them shutting down the network all together. The chain needs to sync across all distributed nodes - what if China shuts down access? They "banned" it but made it easy to get around. If they totally lock it down on the firewall? Balaji and others hypothesize it kills BTC.

[australianpackerbacker]

No, I'm referring to them shutting down the network all together. The chain needs to sync across all distributed nodes - what if China shuts down access? They "banned" it but made it easy to get around. If they totally lock it down on the firewall? Balaji and others hypothesize it kills BTC.

What you're referring to isn't possible. The chain doesn't need to sync across anything, you could blow up 12 countries with the highest hash rate, some dude in Africa can recover the latest confirmed block. That's its power

China can't do fuck all

[Dpopp11]

tsla has been all elons doing with stock sales. see this as a great time to buy. nothing fundamental changed about company.

[oldbutnotdeadyet]

tsla has been all elons doing with stock sales. see this as a great time to buy. nothing fundamental changed about company.

Money has already been made in TSLA. Competition is growing by leaps and bounds..

[call_me_ishmael]

Meh, I'm not so sure about that. Who's the competition? Lots of people have tried to make autos in America, it is _very_ tough to do. Elon succeeded because he is brilliant and an actual slave driver. Trust me, I have first hand experience on the latter.

[oldbutnotdeadyet]

Meh, I'm not so sure about that. Who's the competition? Lots of people have tried to make autos in America, it is _very_ tough to do. Elon succeeded because he is brilliant and an actual slave driver. Trust me, I have first hand experience on the latter.

Ford, GM, Stellantes, almsot all of the ww automakers are moving to electric. Toyota too but they are still hedging their bets on fuel cell technology..

[call_me_ishmael]

Tesla is a battery company IMO and they are starting to figure out that they're also an AI company. I think it's still pretty early for Tesla because Elon is an such an exceptional engineer and works insanely hard.