Talking stocks, trading, and investing in general

[stimulacra]

If gunning for 10x returns I would be prepared to lose all of it and not flinch.

My main observation with cryptocurrencies… seems like virtually all capital in that sector would be allocated to the the cryptocurrency that had the best combination of being the most technically advanced and had the highest brand recognition (or most well marketed). Switching costs (dumping one currency and plowing into another) doesn't seem to be a significant obstacle. Seems like until one of these coins move past the novelty phase and starts underpinning broader aspects of the business world or economy (emerging market, alternative reserve currency, universal basic income), insane volatility will be part of the package. To most folks it looks like a sociological experiment on fast-forward.

 

[venividivicibj]

I'm stoked about the drop. Means I can buy cheaper. Nothing like a 50% off sale.

 

[jcman311]

Nothing like a 50% off sale.

I don't know. Its like the sweater that is on clearance that looks ok, but you get it home and notice a thread loose. Next thing you know, the sweater has completely unraveled.

 

[jbarwick]

Something labeled a currency and being so volatile means I'll sit on the sidelines.

 

[venividivicibj]

I don't know. Its like the sweater that is on clearance that looks ok, but you get it home and notice a thread loose. Next thing you know, the sweater has completely unraveled.

Maybe, but maybe not. We'll see!

 

[otc]

People are doing really cool stuff with ethereum.

That stuff makes it more interesting than Bitcoin and offers some longer term viability.

 

[brokencycle]

If gunning for 10x returns I would be prepared to lose all of it and not flinch.

My main observation with cryptocurrencies… seems like virtually all capital in that sector would be allocated to the the cryptocurrency that had the best combination of being the most technically advanced and had the highest brand recognition (or most well marketed). Switching costs (dumping one currency and plowing into another) doesn't seem to be a significant obstacle. Seems like until one of these coins move past the novelty phase and starts underpinning broader aspects of the business world or economy (emerging market, alternative reserve currency, universal basic income), insane volatility will be part of the package. To most folks it looks like a sociological experiment on fast-forward.

I was hoping for 10x returns with zero risk.

 

[venividivicibj]

I was hoping for 10x returns with zero risk.

Patience young Padawan.



Wait, wrong thread.

 

[jbarwick]

AMZN filed a meal kit trademark...APRN down 8%. A couple more bad days and AMZN will just pick up APRN for under $1B.

 

[brokencycle]

AMZN filed a meal kit trademark...APRN down 8%. A couple more bad days and AMZN will just pick up APRN for under $1B.

So what you're saying is I should buy lots of APRN?

 

[jbarwick]

Use leverage to have more buying power as well. /s

 

[brokencycle]

Use leverage to have more buying power as well. /s

It will compliment my quadruple leveraged SNAP position so well!

 

[venividivicibj]

I'm stoked about the drop. Means I can buy cheaper. Nothing like a 50% off sale.

BTC and eth already both up about 20% from the timing of that post

 

[otc]

I'm back to basically even on my ethereum.

Did you guys hear that Daimler AG recently had a €100m bond offering based on a private version of Ethereum? Doesn't really impact the currency itself since it is a separate blockchain, but it is just another example of the kinds of real things that are happening with this stuff. It isn't all theory and "what ifs" with only some tiny players putting it into practice (or selling pizza for bitcoin as a marketing tactic).

 

[brokencycle]

I'm about back to even now too. I really was going to double down at about $150, but the Mrs suggested against it.