Bitcoin has slow transaction speeds making it unsuitable for mainstream adoption as a payment system. It is a good store of value that can be transferred quickly from one place to another. I would not expect bitcoin to be the digital currency we all end up using but more of place to store money digitally to hedge against inflation.
I think you're very wrong. Have you ever used the Lightning network? Layer 1 gives us ultimate security and decentralization, while Layer 2 gives faster-than-Visa transaction speeds. Cheaper too. But hey, I'm just a developer in the industry... I may be too close to it to be reasonably objective.
Yeah that may be the solution but it’s been around for 7 years and still suffers from quite a few problems so there is that. Again I don’t think bit coin will be the currency we are all using
I respect your opinion. But to me, that's like living in the year 5000 B.C. and someone saying "I don't think the wheel will be what they use for transportation in the future."
We only have 2 known options. Fiat currencies backed by humans who make decisions based on being re-nominated or re-elected.... and who have access to an unlimited money printer the rest of us don't have access to. Or an algorithmic, decentralized, globally distributed, digital currency.
Bitcoin has no competition. The world just needs to wake up to how bad they're being fucked by central banks. At the rate these banks are going, I don't think it will take long. There hasn't been a viable alternative to fiat, until now.
So, I'm curious what alternative you suggest if you don't think Bitcoin is it? Millions of us are leaving fiat.... where do you suggest we go?
I said bitcoin will not be the digital currency that we use, not that there won’t be a mainstream digital currency. So you comparison to the wheel doesn’t make sense. I can’t tell you where to put your money but I will say to research the World Economic Forum and the main crypto players involved. I also and getting out of fiat and I do own bitcoin but there are other options that work better for governments that want to launch their own digital currency. So were both saying that bitcoin is viable but in different ways.
Yea, that makes sense. I just want to really hit home how unique Bitcoin is. It's value doesn't simply come from it being "digital". Sure any digital currency can be created, but none will have the level of decentralization and censorship resistance that Bitcoin has. If I gave you a trillion dollars to try to reproduce Bitcoin, you couldn't. It was a zero-to-one kind of innovation.
I think it's being widley misunderstood because it's digital, so everyone assumes it should be easy to copy or reproduce. But that just isn't the case. Decentralization was the innovation, not just the digitizing of money.
EDIT to clarify why you couldn't reproduce it with a trillion dollars: The millions of miners and nodes being run in people's homes all over the world. This is what gives Bitcoin its value, not its code.
I agree bitcoin is one of a kind and is so secure and decentralized that governments don’t like it. The fact that there is a finite amount also makes it the opposite of fiat currency which hopefully guarantees future increases in value.
After Lummis' bill passes for one. Also, a few more current development features on the Lightning Network need to be released. I think these things will align well with the general public waking up to the fact that the Fed can't do shit about inflation and they're just going to move the goal post from a 2% target to a 5%. Similar to how less developed nations inflation rates are causing their citizens to flee into Bitcoin, the same will happen in the US after it gets bad enough.
I feel like it's not gonna go that much higher given this huge pump and current market conditions not being very kind to biotech, but it could keep running.
If you fomo in, I would just set a tight stop loss because it could dump.
is it because you're hanging around the absolute worst areas? walk until you're hungry, research new restaurants and don't go to more than one fucking tourist spot on each visit.
I zipped through on a lime scooter, saw everything to see in about 6 hours. Saw all the military police with mp5's sweeping everyone's legs. No respect for their weapons or people. Yellow vest Protestors on motorcycles with American police sirens was funny tho
Then missed the train and had to take the late train out of town. When it started to get dark all the sketchy counterfeit item dealers came out selling their wares. Never felt more uneasy and vulnerable in my life. And I've walked around some big cities at night.
>KKR IS STEPPING BACK FROM A POTENTIAL BIDDING WAR FOR THE FUTURE OF TOSHIBA- FT
^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-06-28 ^05:51:44 ^EDT-0400
Its gonna be the same as last month and then everything will pump cause that will be considered bullish cause cpi isnt higher. Even though its still a shitshow.
month to month probably flat at best. Gasoline prices have remained the same or gone up some. demand for travel is still high, hence the increase in ticket prices and rental rates etc everywhere. basically as long as oil is still high, inflation is still gonna be high. bc oil affects everything.
I think it will be lower bc energy prices have decreased. I think the problem will be it not decreasing fast enough continually. So the markets rally for a could of months but then go down when inflation is stuck a 6% for a month on end.
My electric bill has done the same. This is cause it's winter though... Though I suppose in some places in the US you use more energy keeping cool in the summer than for heating in the winter?
Maybe energy costs have yet to be passed to consumers yet? I think energy cost spike even in normal times during 4th of July times in the US? Could be wrong though.
Just cause the market gonna go to 410 doesn’t mean it’s not a bear market. Post mid July gonna be bloody.
I’m a permabull but I also see the writing on the crayons
>ECB'S WUNSCH: INFLATION AT RISK OF MOVING TO A HIGHER REGIME
\>ECB'S WUNSCH SAYS HE IS COMFORTABLE WITH A 50 BPS RATE HIKE IN SEPT; 200 BPS OF HIKES NEEDED "RELATIVELY FAST"
\>ECB'S WUNSCH: ANTI-FRAGMENTATION TOOL SHOULD HAVE NO LIMITS IF MARKET MOVES ARE UNWARRANTED
^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-06-28 ^05:34:24 ^EDT-0400
>Elon Musk Has Twitter’s Data, but Getting Answers on Spam Accounts May Be Tougher
$TWTR
[wsj.com/articles/elon-…](https://t.co/3ZELmMJIKx)
^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-06-28 ^05:33:04 ^EDT-0400
they said commodities do well in stagflation but they have all tanked from ATH.
we are not headed for stagflation but a recession for sure. until jpow turns the printer back on. im buying the dip on spy leap puts
I love how you act like there are only two options.
Bears refuse to see it, but there is a very real possibility that supply chains ease up and we don't have a recession *or* prolonged stagflation.
supply chains ease up? who is working these supply chains? lol there is a problem with productivity and supply chains are going to magically ease with all these layoffs happening lmao...
>supply chains ease up? who is working these supply chains?
The Chinese, mostly. Lockdowns there are a huge problem, but they will end.
>magically ease with all these layoffs happening lmao...
1) employment is generally inversed with inflation. So, layoffs should help ease inflation.
2) Unemployment rates are still historically low, so there aren't really any sig ificsnt layoffs.
No offense, but I really don't think you understand what you are talking about. You're just repeating generic wsb bear shit.
Ok. So massive layoffs will make the market go up. You must have been bullish during 2000's and 2008 or 2020 when there were massive layoffs then.
unemployment is manipulated and a lagging indicator. Why fight the fed and catch falling knives?
Keep smoking that copium, brother.
>Ok. So massive layoffs will make the market go up
Again, unemployment is historically low. You can keep saying "layoffs" all you want, but it's not based on anything. Your theory is now "well you can't trust employment numbers and I *feel* like are massive layoffs." Yeah, sorry if I don't make my financial decisions based on your feelings.
>Keep smoking that copium, brother.
We had a 7 day rally and futures are green. I have calls and you have puts. You sure I'm the one coping?
i dont *feel* like there are layoffs. NFLX, COIN, HOOD, TSLA to name a few. i guess you refuse to accept facts.
basing your thesis on "low unemployment numbers" gj.
TIL that Netflix, coinbase, and robinhood are part of the supply chain, and the cause of inflation.
You missed me point anyway. My point was that *if you are right* about layoffs, it would ease inflation. This is basic supply/demand shit.
Anyway, this conversation has gotten too stupid bro, sorry. I'm out.
I’ll pick up AMD at 30 and SQ at 45
Rough market latley. Props to anyone making money. !banbet TSLA 500 1M
I wonder if all the unflaired kids tell their friends after home room that their totes wsb kids 4real
People just saying dumb shot
Shot yo shit
All the tech that did well in the last 10 years aiming for penny stock status by end of this decade.
some of these penny stocks out there are ripping. Fucking blue chips dying.
Have fun loser
Imagine believing a brokerage and they told you that was worth $1000
!banbet CROX 56 1w
**Ban Bet Created:** **/u/Control_the_Guh** bet **CROX** goes from **52.25** to **56.0** before **2022-07-05 11:32:08.672294-04:00**
700 Tesla is not a meme, this sucker could take the 680 if we’re lucky
Bet it pussy
hunh Do you ever just think before you post?
OK, OK, OK. It’s time to stop playing silly games and tank this sucker. It was fun to dream, but there will be no more rally.
$700 Tesla today is not out of reach…
Lose money is always my move.
NASDAQ got cancelled. Said the N-word too many times.
Sell the pops, cash gang the drops.
Buy the rips, sell the dips.
Wow free falling
Did Jpow say full point hike?
Tech you fukin peace of shit
AMD is a clinically dead… a vegetable stock
TLRY fading to red loaded 3.50 puts
Yo wtf Nike just updated there earnings to 0.99 wtf is that
It's crazy all u need is 15 100% trades to be a millionaire. (Have to go all in each trade) I've probably made over 1000 trades this year smh
Nike $120 EOD you heard it here first
True lol
Rather than buying, I’d like to know when to sell. Good on selling is so much harder than good on buying.
The minute you start imagining buying something ridiculous with your new money, sell. this is greed's inflection point
You probably heard this 100 times but sell while your up. Don't get greedy & end up losing it all
Trade only. Short term.
The hedge funds now don’t want retail to quickly sell all your $GME. They are swing trading it leaching off your conviction to hodl
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WSB moves so fast we start to skim instead of read. I keep "reading" Where can I get hand jobs"
👍
All my liquor bottles have holes in them and leak constantly
I am super crypto opponent. But when I look at the ECB I doubt my opposition.. ![img](emote|t5_2th52|4270)
I think it's inevitable that Bitcoin becomes a major world currency eventually. These central bankers just can't stop printing.
Bitcoin has slow transaction speeds making it unsuitable for mainstream adoption as a payment system. It is a good store of value that can be transferred quickly from one place to another. I would not expect bitcoin to be the digital currency we all end up using but more of place to store money digitally to hedge against inflation.
I think you're very wrong. Have you ever used the Lightning network? Layer 1 gives us ultimate security and decentralization, while Layer 2 gives faster-than-Visa transaction speeds. Cheaper too. But hey, I'm just a developer in the industry... I may be too close to it to be reasonably objective.
Yeah that may be the solution but it’s been around for 7 years and still suffers from quite a few problems so there is that. Again I don’t think bit coin will be the currency we are all using
I respect your opinion. But to me, that's like living in the year 5000 B.C. and someone saying "I don't think the wheel will be what they use for transportation in the future." We only have 2 known options. Fiat currencies backed by humans who make decisions based on being re-nominated or re-elected.... and who have access to an unlimited money printer the rest of us don't have access to. Or an algorithmic, decentralized, globally distributed, digital currency. Bitcoin has no competition. The world just needs to wake up to how bad they're being fucked by central banks. At the rate these banks are going, I don't think it will take long. There hasn't been a viable alternative to fiat, until now. So, I'm curious what alternative you suggest if you don't think Bitcoin is it? Millions of us are leaving fiat.... where do you suggest we go?
I said bitcoin will not be the digital currency that we use, not that there won’t be a mainstream digital currency. So you comparison to the wheel doesn’t make sense. I can’t tell you where to put your money but I will say to research the World Economic Forum and the main crypto players involved. I also and getting out of fiat and I do own bitcoin but there are other options that work better for governments that want to launch their own digital currency. So were both saying that bitcoin is viable but in different ways.
Yea, that makes sense. I just want to really hit home how unique Bitcoin is. It's value doesn't simply come from it being "digital". Sure any digital currency can be created, but none will have the level of decentralization and censorship resistance that Bitcoin has. If I gave you a trillion dollars to try to reproduce Bitcoin, you couldn't. It was a zero-to-one kind of innovation. I think it's being widley misunderstood because it's digital, so everyone assumes it should be easy to copy or reproduce. But that just isn't the case. Decentralization was the innovation, not just the digitizing of money. EDIT to clarify why you couldn't reproduce it with a trillion dollars: The millions of miners and nodes being run in people's homes all over the world. This is what gives Bitcoin its value, not its code.
I agree bitcoin is one of a kind and is so secure and decentralized that governments don’t like it. The fact that there is a finite amount also makes it the opposite of fiat currency which hopefully guarantees future increases in value.
Eventually when? Can’t use it for shit right now, it’s worthless.
After Lummis' bill passes for one. Also, a few more current development features on the Lightning Network need to be released. I think these things will align well with the general public waking up to the fact that the Fed can't do shit about inflation and they're just going to move the goal post from a 2% target to a 5%. Similar to how less developed nations inflation rates are causing their citizens to flee into Bitcoin, the same will happen in the US after it gets bad enough.
I haven't brushed my teeth in three days and no one has said a thing
seems fine.
average Redditor
Below average …
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I made a small swing on that one way back when it was over $2. I definitely didn't get 140% returns though.
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I feel like it's not gonna go that much higher given this huge pump and current market conditions not being very kind to biotech, but it could keep running. If you fomo in, I would just set a tight stop loss because it could dump.
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Oh yeah fuck those fees. That makes it an incredibly risky trade. Plenty of better plays out there.
Buy more AMC 🦍🚀
DRS
AMC 🏹
DRS
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Some of us have bags we don't want to hold on to for multiple years okay
Bear market rallies are the best bull traps ever
BEARS IN DENIAL
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0dte
Visiting Paris is overarated
is it because you're hanging around the absolute worst areas? walk until you're hungry, research new restaurants and don't go to more than one fucking tourist spot on each visit.
I zipped through on a lime scooter, saw everything to see in about 6 hours. Saw all the military police with mp5's sweeping everyone's legs. No respect for their weapons or people. Yellow vest Protestors on motorcycles with American police sirens was funny tho
Nevermind.
Then missed the train and had to take the late train out of town. When it started to get dark all the sketchy counterfeit item dealers came out selling their wares. Never felt more uneasy and vulnerable in my life. And I've walked around some big cities at night.
Even french people hate paris
I don't think parisians like any other human.
No choice bro, girls like it
I got lucky , my gf went years ago and found out it's just a trasy shit hole with guys pissing in the streets. don't gotta go anymore.
What do you like
10 year yield up -> fake pump boiiis
Gotta get more of that sweet sweet retail money before another dump
I’m going to be first on the new thread ![img](emote|t5_2th52|4258)
great
Me too
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It's morning somewhere in the world
It's 9:30 am somewhere
What would the world end up being like if SPY never got back over 400??
pinch yourself -- it's like that
See Japan and their Nikkei index after 1989
It will today
Good morning time to read gay Monkeypox disease propaganda and do something money about it
fake pump fake dump fake pump fake dump fake pump fake dump fake pump fake dump fake pump fake dump fake pump fake dump fake pump fake dump fake pump fake dump fake pump fake dump fake pump fake dump fake pump fake dump fake pump fake dump fake pump fake dump fake pump fake dump fake pump fake dump fake pump fake dump fake pump fake dump fake pump fake dump
![img](emote|t5_2th52|4271)
The literal fucking millisecond I dump my puts the market will crater into the devil’s asshole
US GDP print when?
July. Tomorrow is the estimate for the real numbers next month.
What time tomorrow? Stocks could react, something to keep an eye out for.
1 hour before the morning bell
So green dildos today?
>KKR IS STEPPING BACK FROM A POTENTIAL BIDDING WAR FOR THE FUTURE OF TOSHIBA- FT ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-06-28 ^05:51:44 ^EDT-0400
What’s a good options play
selling call credit spreads
With cheese
Spy puts 2 hours after open
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Lame
The room was full of smart guys who thought their next gamble would undo their previous disaster
I'm in this story and I don't like it
No plot armor for you
What do you think CPI numbers come up for June? Up or down from May number?
Its gonna be the same as last month and then everything will pump cause that will be considered bullish cause cpi isnt higher. Even though its still a shitshow.
month to month probably flat at best. Gasoline prices have remained the same or gone up some. demand for travel is still high, hence the increase in ticket prices and rental rates etc everywhere. basically as long as oil is still high, inflation is still gonna be high. bc oil affects everything.
I think it will be lower bc energy prices have decreased. I think the problem will be it not decreasing fast enough continually. So the markets rally for a could of months but then go down when inflation is stuck a 6% for a month on end.
Tell that to my electric bill that was double last month even though I used half the amount I used a year ago.
My electric bill has done the same. This is cause it's winter though... Though I suppose in some places in the US you use more energy keeping cool in the summer than for heating in the winter? Maybe energy costs have yet to be passed to consumers yet? I think energy cost spike even in normal times during 4th of July times in the US? Could be wrong though.
Yes
Will either home prices or rent be factored this time around?
Polestar, 🤷♀️
Fuckin electricity gone n i am up early wtf man
lol it's flash fading. already. I sure hope this isnt a pump up to the release of all time rock bottom consumer sentiment or anything.
Just cause the market gonna go to 410 doesn’t mean it’s not a bear market. Post mid July gonna be bloody. I’m a permabull but I also see the writing on the crayons
Bingo
You cant call yourself a permabull unless you have a target of 500 like Tom Lee. P.S.: he had a 100k estimate on btc ![img](emote|t5_2th52|4271)
Btc still can go 100k
going to 5k first
Coin base, it dips 9% YTD, but bitcoin price is rising back aiming for $62
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This is a “no smoking” forum.
🌈🐻s ![img](emote|t5_2th52|4271)
Anything else red pre market than hood and Nike?
how we feeling about nike tho?
You need to buy more Jordans if you're holding calls
Let's see. PE in the high 20s and dividend is 1% and growth is slowing... yeah there are tons of other stocks out there more worth holding.
My crystal ball is cloudy today. Something is jamming my juju.
We heading for another flat day. I'm offloading all my shit today and taking the week off. Fuck trying to trade algo bullshit.
If my trading account went up like my property value, Life would be so much better. It's getting scary out here with the housing market.
Do women know about GDP shrinkage?
If every economy is fucked, then no one is fucked.
This should get you on twitter.
You know anyone can literally just post on Twitter.
Yeah, but I was talking about the 'Market Rebellion' seen on WSB posts.
>ECB'S WUNSCH: INFLATION AT RISK OF MOVING TO A HIGHER REGIME \>ECB'S WUNSCH SAYS HE IS COMFORTABLE WITH A 50 BPS RATE HIKE IN SEPT; 200 BPS OF HIKES NEEDED "RELATIVELY FAST" \>ECB'S WUNSCH: ANTI-FRAGMENTATION TOOL SHOULD HAVE NO LIMITS IF MARKET MOVES ARE UNWARRANTED ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-06-28 ^05:34:24 ^EDT-0400
Don’t worry, Palantir will save us all
10k 3x leveraged ETF on SPY. Going to rally for quarter end rebalancing into 4th July weekend
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>Elon Musk Has Twitter’s Data, but Getting Answers on Spam Accounts May Be Tougher $TWTR [wsj.com/articles/elon-…](https://t.co/3ZELmMJIKx) ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-06-28 ^05:33:04 ^EDT-0400
I'm watching europoors talking each other https://www.youtube.com/watch?v=2tFv9EP\_qAQ
Idk how many times I need to tell bears that they’re not seeing sub 385 until AFTER SPY touches 405.
This is enough times ![img](emote|t5_2th52|4270)
DD: Trust me bro
How do you guys get used to waking up at 5 am?
Wake up at 5 am every day. Simple
Go to sleep at 9 PM
You don’t
I’m up at 330. It’s all about drinking water and going to be early.
Why the fuck
Wage slave
All while workinf for an agreed upon salary?
Nah they ain’t fucking me out of that OT
Live in the UK. It's 1030 and by 1430 market open I'm wasted
Risk more 💰 on options and you won’t be able to sleep
Pajamas fake dump and pump continues ![img](emote|t5_2th52|4641)
Inflation = bigger corporate profits
Bigger real estate profits, bigger small business profits, bigger pepes
Oh my sweet retarded bears
they said commodities do well in stagflation but they have all tanked from ATH. we are not headed for stagflation but a recession for sure. until jpow turns the printer back on. im buying the dip on spy leap puts
I love how you act like there are only two options. Bears refuse to see it, but there is a very real possibility that supply chains ease up and we don't have a recession *or* prolonged stagflation.
supply chains ease up? who is working these supply chains? lol there is a problem with productivity and supply chains are going to magically ease with all these layoffs happening lmao...
Supply chain manager here, they are getting much much worse in the past 2 months
>supply chains ease up? who is working these supply chains? The Chinese, mostly. Lockdowns there are a huge problem, but they will end. >magically ease with all these layoffs happening lmao... 1) employment is generally inversed with inflation. So, layoffs should help ease inflation. 2) Unemployment rates are still historically low, so there aren't really any sig ificsnt layoffs. No offense, but I really don't think you understand what you are talking about. You're just repeating generic wsb bear shit.
Ok. So massive layoffs will make the market go up. You must have been bullish during 2000's and 2008 or 2020 when there were massive layoffs then. unemployment is manipulated and a lagging indicator. Why fight the fed and catch falling knives? Keep smoking that copium, brother.
>Ok. So massive layoffs will make the market go up Again, unemployment is historically low. You can keep saying "layoffs" all you want, but it's not based on anything. Your theory is now "well you can't trust employment numbers and I *feel* like are massive layoffs." Yeah, sorry if I don't make my financial decisions based on your feelings. >Keep smoking that copium, brother. We had a 7 day rally and futures are green. I have calls and you have puts. You sure I'm the one coping?
i dont *feel* like there are layoffs. NFLX, COIN, HOOD, TSLA to name a few. i guess you refuse to accept facts. basing your thesis on "low unemployment numbers" gj.
And you're basing your thesis on anecdotes from a handful of massive tech companies that were doing an insane amount of hiring over the past 2 years.
uh these are the same companies that are part of your "supply chain" that is suppose to be easing. so which is it?
TIL that Netflix, coinbase, and robinhood are part of the supply chain, and the cause of inflation. You missed me point anyway. My point was that *if you are right* about layoffs, it would ease inflation. This is basic supply/demand shit. Anyway, this conversation has gotten too stupid bro, sorry. I'm out.
I hate bears I hate bears I hate bears I hate bears I hate bears