$GME to the fucking MOON

Discussion in 'Off Topic Discussion' started by Sticky Bandit, Jan 27, 2021.

  1. Bogdanoff

    Bogdanoff VIP

    chainlink is trading at 25 usd right now

    if you bought when i bought you would have made around 11263% returns

    not financial advice as usual
     
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  2. Solar

    Solar El Dorado VIP

    Tbh the GME play wasn't gonna last long. Eventually someone's gonna be left on top. Unless you're Elon Musk and willing to spend billions to destroy hedge funds, the later you buy the higher the risk.
     
  3. Santa Claus

    Santa Claus Best Member VIP Bronze

    I was in chainlink when you were still in diapers bro. Made another 28K this morning after a memecoin was mentioned in a tweet. Holding til around 2030 but may sell some TSLA for a model 3 performance. waiting for new cells
     
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  4. Santa Claus

    Santa Claus Best Member VIP Bronze

    Short interest is still >50% float
     
  5. Sticky Bandit

    Sticky Bandit Never fall below your standard VIP Bronze

    Because it’s not actually a safe investment, it’s not a real currency, there’s no actual reason for it to have a monetary value. Gold actually makes sense, it’s a real physical material. Boomer stocks make sense, the companies are actually real. Bitcoin? 12 years is pretty short compared to literally billions of years for gold, or over 50 years for a company like Microsoft, and other tried and true investments.

    Having a little Bitcoin as a gamble is cool, but it’s not actually a real investment.
     
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  6. Cash

    Cash I staff the proper way Banned VIP

    Sir, people use it to pay for stuff

    it is indeed a currency
     
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  7. Santa Claus

    Santa Claus Best Member VIP Bronze

  8. Bogdanoff

    Bogdanoff VIP

    I hope you don't seriously think that dogecoin is anything but a pump and dump

    the midwit is strong
     
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  9. The Law

    The Law You fought the law and the law won. VIP Silver Emerald

    Gold is a scarce asset, and has had a long and proven track record of being used as a store of value for the last 4000 years. Gold is a tremendous asset for maintaining the value of your money and protecting against inflation through its characteristic of being scarce and the people's perception that it has value, but it suffers some flaws; It's difficult and costly to transport, it's costly to store it, and global gold production has been increasing an average of 2.5% each year which increases supply and decreases demand, thereby depressing gold prices. Bitcoin on the other hand does not share the same flaws that gold does. Bitcoin can be stored for free, can be transacted anywhere at anytime within minutes for low cost, and Bitcoin "production" so to speak (bitcoin mined) decreases every 4 years until 0 Bitcoin can be mined and added to the overall supply; thereby making Bitcoin more scarce than even Gold. So, one can therefore conclude that Bitcoin could likely be the next evolution of money for the use case as a "store of value," while Gold becomes the old use case that may be replaced -to an unknown extent either partially or fully- by bitcoin. Insinuating that Gold is superior than Bitcoin because it's been used longer as a store of value is like saying we should go back to using Wooden Hulls for boats over Steel Hulls, because we've been using wooden Hulls for 10,000 years and steel/iron hulls for the last 150 years. Or that we should use horse and buggy over cars because horse and buggy have been used for 1000s of years... You get my point? Eventually there comes along an improvement to the way we've been doing things, and Bitcoin is that improvement to Gold as a superior store of value.

    And as for how much Bitcoin allocation you should have in your portfolio? Well, Fidelity Investments, who is one of the largest asset managers in the world with $3.3 trillion in assets under management, recommends a portfolio with a target allocation of 5% to bitcoin, which allows for rebalancing that forces investors to have the discipline to buy low and sell high.

    @Sticky Bandit You're recommending low risk, 50+ year old companies and gold, which is great if you're in your 50s and just trying to conserve your wealth; but if you're young and actually concerned with growing your wealth and you have a lot of time left in the markets to ride out the bumps, then you should increase your risk tolerance by investing more towards the future. What is the future? Think: Genomics in Healthcare, cryptocurrency, space exploration, psychedelics for mental health and addictions treatment, technology disruptions, eCommerce, renewable energy, artificial intelligence, etc. I personally have my portfolio diversified to have exposure across all of theses growing sectors.
     
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  10. Shadow™

    Shadow™ What it do Shortyyyy™ VIP

    So was GME lmao what? Bitcoin was/IS more reliable than GME by a long fucking shot.
     
  11. Bogdanoff

    Bogdanoff VIP

    if you guys are that into investing

    try private wealth management you will learn something

    alternatively if you can get a phd from MIT you can try being a quant
     
  12. Santa Claus

    Santa Claus Best Member VIP Bronze

    do not listen to bog. he shorted tesla like a year ago when it was 200 and thought it was going back down to $70 pre-split (which is 1.6% of tesla's current market cap)

    bog does not understand the market, only upcoming high risk cryptocurrencies. if he did understand (instead of shitting out arrogant comments) he wouldn't still be commenting on a gaming forum with trade advice.

    Oh, and put a couple thousand into XRP, but wait until either this thursday or next tuesday market open
     
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  13. Bogdanoff

    Bogdanoff VIP

    >i don't understand the market

    michale burry is also bear on tesla, everyone who is above 90 iq is, but go off (also i never shorted im waiting for the right time)

    also imagine recommending xrp while saying someone doesn't understand the market

    also crypto market open

    [​IMG]
     
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  14. j3kawesome

    j3kawesome "mestimate" - Indy226 Administrator VIP Silver

    $GME has sadly ate shit and crashed back into the earth
     
  15. Bogdanoff

    Bogdanoff VIP

    Sad!

    d-diamond hands right guys?

    upload_2021-2-21_17-13-11.png
     
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  16. j3kawesome

    j3kawesome "mestimate" - Indy226 Administrator VIP Silver

    upload_2021-2-25_10-26-48.png

    This is gonna be a fun day
     
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  17. Sticky Bandit

    Sticky Bandit Never fall below your standard VIP Bronze

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  18. Sticky Bandit

    Sticky Bandit Never fall below your standard VIP Bronze

    $GME IS ROCKETING TODAY

    OVER $300 THIS MORNING

    I HOPE YOU RETARDS HELD
     
  19. Sticky Bandit

    Sticky Bandit Never fall below your standard VIP Bronze

    IF GME CLOSES AT $500 OR HIGHER TOMORROW I WILL GET A ROCKET TATTOO
     
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