Investing in the stock market

[Feltima]

Bezos and Musk have lines of credit at multiple institutions for which they could drop billions at any given moment.

Also it takes about 10 seconds to liquidate a cool billion worth of stock and most likely their brokerages would front the cash instantly for them to use that day once the stock sold.


Also how in the world is your compounding interest beating out the 30-40-50% drop in crypto in the past couple months?

Good point, I ain't no established billionaire. I guess I get lumped with folks like the late John McAfee, Alex Jones, blackhats, etc being a crypto guy.


EASY! I "tethered" half of my crypto by trading to USDT to retain USD value right around the end of April. Once my desired assets bottom out, I'll buy back in, which should be about a week or so from now. When that time comes, I'll buy back in, send it to my nexo wallet, and continue collecting 8% APY on that bag that gives daily payouts, which compound and proceed to make me more crypto. Once FLR launches, I'm going to mint all my compatible assets into F-assets, start yield farming, and make ridiculous amounts of money, assuming FLR turns out to be legit. At that point, I'll probably stop trading, and just keep building up that compound interest.

[jonnysensible]

Good point, I ain't no established billionaire. I guess I get lumped with folks like the late John McAfee, Alex Jones, blackhats, etc being a crypto guy.


EASY! I "tethered" half of my crypto by trading to USDT to retain USD value right around the end of April. Once my desired assets bottom out, I'll buy back in, which should be about a week or so from now. When that time comes, I'll buy back in, send it to my nexo wallet, and continue collecting 8% APY on that bag that gives daily payouts, which compound and proceed to make me more crypto. Once FLR launches, I'm going to mint all my compatible assets into F-assets, start yield farming, and make ridiculous amounts of money, assuming FLR turns out to be legit. At that point, I'll probably stop trading, and just keep building up that compound interest.

yo whats tether backed by?

everytime you post it gets worse. lol. TAKE YOUR MONEY OUT OF THE CASINO IF YOU ARE MILLIONS UP.

[shimerra]

yo whats tether backed by?

everytime you post it gets worse. lol. TAKE YOUR MONEY OUT OF THE CASINO IF YOU ARE MILLIONS UP.

Seriously. They think they're onto some hot new shit no one's ever thought of before when they don't understand even the fundamentals of what they're doing let alone the market as a whole.

I recently just went through buying a house. Essentially in the time it's taken to finalize everything the house has appreciated 40-50k more than what we agreed to pay for it. Builder tried to dick us over so they could sell it at a higher price but they really don't have a legal way to do so as long as we can pony up the cash. And we can.


But that 40-50k value? Yeah until I sell it for that amount it's only theoretical. You can say a painting or a pokemon card is with a million dollars but if you can't find anyone to pay that is it really? That's a big part a lot of these crypto fanbois always miss.

[Belize]

Truth, I've been stocking up on rice, canned food, and got a couple of weapons.

I'm not surprised you missed an obvious Gremlins 2 reference...

[Feltima]

yo whats tether backed by?

everytime you post it gets worse. lol. TAKE YOUR MONEY OUT OF THE CASINO IF YOU ARE MILLIONS UP.

Oh I know, bro. Tether is the ultimate Ponzi. It's clearly not backed by anything, and is possibly the greatest money laundering scheme in history. I NEVER hold USDT long term. I can't wait till they get regulated into oblivion. It will be good for them to be gone, so BTC doesn't get artificially inflated, and all of the margin trading will substantially taper down. That's the real casino. Not me swing trading crypto. I'll never sell back into fiat en masse, though.



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I'm not surprised you missed an obvious Gremlins 2 reference...

I know, I'm terrible. I should know better, it's one of my favorite childhood movies.

[Zan15]

Good point, I ain't no established billionaire. I guess I get lumped with folks like the late John McAfee, Alex Jones, blackhats, etc being a crypto guy.


EASY! I "tethered" half of my crypto by trading to USDT to retain USD value right around the end of April. Once my desired assets bottom out, I'll buy back in, which should be about a week or so from now. When that time comes, I'll buy back in, send it to my nexo wallet, and continue collecting 8% APY on that bag that gives daily payouts, which compound and proceed to make me more crypto. Once FLR launches, I'm going to mint all my compatible assets into F-assets, start yield farming, and make ridiculous amounts of money, assuming FLR turns out to be legit. At that point, I'll probably stop trading, and just keep building up that compound interest.

Where in the world are you getting 8%.

good luck on market timing, its worked out so well so far for people who've been buying the dip in crypto this year so far

[Feltima]

Where in the world are you getting 8%.

good luck on market timing, its worked out so well so far for people who've been buying the dip in crypto this year so far

Nexo, another crypto exchange that's probably going to get the ban hammer like Binance. Binance was doing much higher yields. There were people getting high double digit yield. I'm talking like +20%. There's a reason Binance is being killed with a thousand cuts. There was no way it was sustainable, I'm sure they will exit and run on folks at some point. They're also deep in the tether fiasco.

I've been doing great so far. I could buy back in right now, and will have increased my bags 70%. I don't buy the dip, I buy fib levels. Buying the dip is for moonboys and HODLRs who are DCAing. The former are idiots, the latter are wise enough to know they aren't going to be successful at trading.

[Zan15]

Nexo, another crypto exchange that's probably going to get the ban hammer like Binance. Binance was doing much higher yields. There were people getting high double digit yield. I'm talking like +20%. There's a reason Binance is being killed with a thousand cuts. There was no way it was sustainable, I'm sure they will exit and run on folks at some point. They're also deep in the tether fiasco.

I've been doing great so far. I could buy back in right now, and will have increased my bags 70%. I don't buy the dip, I buy fib levels. Buying the dip is for moonboys and HODLRs who are DCAing. The former are idiots, the latter are wise enough to know they aren't going to be successful at trading.

WOW that seems like a very risky place to park money. Their business plan, my god they do minimal credit checks and validation of ability to repay on loans.


You have to have 10% of your assets in Their coin to get the %. The same coin that is down 50% from its highs like every other crypto. Guess if you got in early, grats.

[Feltima]

WOW that seems like a very risky place to park money. Their business plan, my god they do minimal credit checks and validation of ability to repay on loans.


You have to have 10% of your assets in Their coin to get the %. The same coin that is down 50% from its highs like every other crypto. Guess if you got in early, grats.

I did, and yeah, it's very risky. You still get 4-6% without holding any Nexo. I tell people to avoid Nexo, BlockFi, etc as it's the wild west out here. No credit checks, just KYC, and collateral if you want the loans. This space really is extremely risky. The loans are a scam IMO. They don't give people even an hour to adjust their LTV during volatile swings. They're trying to go legit, but there's a bunch of class-action lawsuits against them. I think that's going to be the case for most exchanges that offer DeFi services. DeFi will always be an absurdly high risk until more legitimate and regulatory compliant DeFi coins come out. FLR might be the first one, but I've been ever more skeptical. They just delayed the airdrop again, while announcing ANOTHER air drop. They're essentially giving me a metric ton of money for free. If it's legit, great, but I'm concerned it could be dangerous to due to the lack of communication and overall shadiness.

That's how this space is, absurd risk and reward.

[DSmithz]

I do but I have someone invest as it's free for where I work. They do a good job so I'm happy.
Don't forget that when you put in 100 dollars into a bank they can loan out 110 dollars or something to that effect. Banks get to create money from thin air.

I believe you have a valid point.

[Sargrovar]

I noticed that every year more and more people are putting their money into investments. Of course, not everyone is lucky. But many have succeeded in this matter. But, I am not yet ready for such investments.

[hellhamster]

I posted this in the bitcoin thread, but it also affects stocks.

Today is a huge day for the global economy. FED chairman Powell will announce whether they will raise interest rates or not. 2 scenarios.

Scenario 1: he raises rates (20% probability, probably the best action for the long term but extremely bad for the short/mid term)

Markets crash worldwide for days on end, going back to 2008 levels. Prolonged bear market. Multiple countries enter massive debt crisis a la Greece. Massive deflation, strengthening the dollar, causing huge unemployment and government spending will be cut to insane levels. International debt will be wiped and 10 years of heavy austerity will follow. As a Greek, you really don't want this. The great reset no-one but the very few are prepared for.

Scenario 2: he doesn't raise rates (80% probability, probably the best action for the short and mid term but the long term is looking extremely grim).

Everything just keeps going as it was and the head continues to be in the sand. This is a gradual change that will take years to manifest into actual hyperinflation. Savings will be worthless, bonds will be worthless, money in general will be worthless compared to assets. Debt will soar. Wages get obliterated compared to spending power. Government and big corporations become responsible for almost all the economic activity. No one will want to work. Supply chains face a huge crisis. Government is forced to continue the endless chain reaction of a massive zombie economy, pumping everything up with quantitative easing and money printers going BRRRRRR. Acceleration towards hyperinflation. The Fed's stance on the matter is Covid-19 is the cause, when that blows away, everything can go back to normal, but I remain skeptical for two reasons: 1. Covid-19 will never really go away but we can choose to ignore it. 2. Even if it does go away, who said that the damage hasn't been done after over 2 years of increasing money supply by the planet load? Will the FED keep pumping shit up forever? Fiscal crises worldwide and civil unrest will go rampant. The lesser of two evils for now, but I really don't want to think how the world will look like in 10 years time.

[Zan15]

I posted this in the bitcoin thread, but it also affects stocks.

Today is a huge day for the global economy. FED chairman Powell will announce whether they will raise interest rates or not. 2 scenarios.

Scenario 1: he raises rates (20% probability, probably the best action for the long term but extremely bad for the short/mid term)

Markets crash worldwide for days on end, going back to 2008 levels. Prolonged bear market. Multiple countries enter massive debt crisis a la Greece. Massive deflation, strengthening the dollar, causing huge unemployment and government spending will be cut to insane levels. International debt will be wiped and 10 years of heavy austerity will follow. As a Greek, you really don't want this. The great reset no-one but the very few are prepared for.

Scenario 2: he doesn't raise rates (80% probability, probably the best action for the short and mid term but the long term is looking extremely grim).

Everything just keeps going as it was and the head continues to be in the sand. This is a gradual change that will take years to manifest into actual hyperinflation. Savings will be worthless, bonds will be worthless, money in general will be worthless compared to assets. Debt will soar. Wages get obliterated compared to spending power. Government and big corporations become responsible for almost all the economic activity. No one will want to work. Supply chains face a huge crisis. Government is forced to continue the endless chain reaction of a massive zombie economy, pumping everything up with quantitative easing and money printers going BRRRRRR. Acceleration towards hyperinflation. The Fed's stance on the matter is Covid-19 is the cause, when that blows away, everything can go back to normal, but I remain skeptical for two reasons: 1. Covid-19 will never really go away but we can choose to ignore it. 2. Even if it does go away, who said that the damage hasn't been done after over 2 years of increasing money supply by the planet load? Will the FED keep pumping shit up forever? Fiscal crises worldwide and civil unrest will go rampant. The lesser of two evils for now, but I really don't want to think how the world will look like in 10 years time.

Scenario 3: Rates gradually rise and the economy deals with it since it will still be under historical norms for a very long time. People continue to laugh about your continued prophetic ramblings about a zombie economy.

[Feltima]

Scenario 3: Rates gradually rise and the economy deals with it since it will still be under historical norms for a very long time. People continue to laugh about your continued prophetic ramblings about a zombie economy.

Looking at DXY's chart, I can't see Scenario 3 happening.

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I'm curious: How many folks here actively trade charts, or are macro/fundamental folks? Perhaps somewhere in-between?

[hellhamster]

I'm curious: How many folks here actively trade charts, or are macro/fundamental folks? Perhaps somewhere in-between?

I'm purely a macro guy but I can theoretically trade ranges well and can determine lows quite easily, highs are a different thing since I don't fully trust fib levels. I never actively trade charts though. I can predict price movements and price targets accurately, but I know that the second I make a trade, the low probability scenario will happen and I'll get rekt. I know it's a gamble most of the time so I just stay away.

I've been pretty accurate with my predictions so far though, I got a bunch of stocks a couple months after the March 2020 crash but they proved to be low hanging fruit with like a 10% ROI (I played it safe and got banks and the worst performing airlines in Europe). Should have gone for crypto, commodities and tech stocks immediately back then instead of pussying out and opting in January 2021.

The only thing I really kinda hate myself for was the fact I was not able to predict the bitcoin May crash. A megadump after a 2 month long consolidation following a pullback was pretty unexpected, I was honestly expecting a leg up. In hindsight, I should have sold the pi cycle top, I thought it was a meme indicator at the time. Lessons learned I guess. I've been pretty accurate after the crash though, only been kinda off on the bitcoin Wyckoff timing, but it was a longshot predicting the precise accumulation schematic anyway. It still happened, but I got the time frame off.

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Scenario 3: Rates gradually rise and the economy deals with it since it will still be under historical norms for a very long time. People continue to laugh about your continued prophetic ramblings about a zombie economy.

You don't believe we are in a zombie economy? You believe the stock market hitting an all time high with unemployment at an all time high is not the definition of a zombie economy?

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The FED went for the logical choice with not increasing rates for now and are hoping COVID-19 measures are enough to stop an inflation surge. I'm hopeful, but a lot of stuff may change and trigger my doomsday scenario, such as a variant that will close countries up again for a prolonged period of time, causing more money to be QE'd. We got the green light to keep the party going for a little while longer at least.

An interesting note, futures trading on the CME are putting the odds of a rate hike by December 2022 at 64%, according to CNBC. My prediction was 2024, but this is definitely an important metric to keep an eye out.

[Zan15]

I



You don't believe we are in a zombie economy? You believe the stock market hitting an all time high with unemployment at an all time high is not the definition of a zombie economy?

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The FED went for the logical choice with not increasing rates for now and are hoping COVID-19 measures are enough to stop an inflation surge. I'm hopeful, but a lot of stuff may change and trigger my doomsday scenario, such as a variant that will close countries up again for a prolonged period of time, causing more money to be QE'd. We got the green light to keep the party going for a little while longer at least.

An interesting note, futures trading on the CME are putting the odds of a rate hike by December 2022 at 64%, according to CNBC. My prediction was 2024, but this is definitely an important metric to keep an eye out.

unemployment at an all time high huh?

So yah i guess that blows your zombie's brain right up

[Baroclinic]

I usually put money into mutual funds (it's like a m package of stocks) then try and forget them until I need the money for something. Not that I didn't have some miner fun with the AMC and GME squeezes.

[Ursus]

You don't believe we are in a zombie economy? You believe the stock market hitting an all time high with unemployment at an all time high is not the definition of a zombie economy?

You really ought to do yourself a favor and exit this thread before you embarrass yourself any further.

[hellhamster]

You really ought to do yourself a favor and exit this thread before you embarrass yourself any further.

Great contribution as always, like your last post.

[Belize]

Great contribution as always, like your last post.

As opposed to you posting blatantly false information, or astronomically bad takes...?