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Originally Posted by sonatine
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Quote:
Originally Posted by sonatine
Update?
Only 500?Quote:
Originally Posted by Small_Banana
That said even if btc hits 110 mtsr is way way way over valued shorts are piling in now
I had a young dude I know tell me to buy XRP like a month ago. I see since its went from like .50 to 1.12. I just ignored him as he told me other shit in the past where he seemed to fall for a temporary pump and dump. He was talking about a court case being settled, which I can find a little on, but then also Elon related talk about something or other.
Is there some rationale for why people are buying ripple? I mean it shot up on election day, but so did everything else. Does anyone know specifically of a connection between XRP and Elon? All my reading says Elon has spoken well of XRP and talked more broadly about crypto being incorporated into banking. I keep seeing talk of Elon offering $25 billion to buy ripple labs but all I can find is cryto bros referencing it, but not actual proof. Articles like below.
I see this https://www.thecryptoalert.com/post/...s-xrp-holdings
I see talk of whales holding and acquiring more xrp.
I am just wondering if anyone is throwing $10k at it just for a wtf investment as it's so cheap? The problem for me is it would need a market cap like BTC to hit $100 and that feels like it's not likely happening in my lifetime but wtf do I know?
MSTR down about 60 points since you posted this while BTC has gone up. Could you let us know when the shorts are ready to cover?Quote:
Originally Posted by DalyOnly 500?Quote:
Originally Posted by Small_Banana
That said even if btc hits 110 mtsr is way way way over valued shorts are piling in now
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Originally Posted by country978MSTR down about 60 points since you posted this while BTC has gone up. Could you let us know when the shorts are ready to cover?Quote:
Originally Posted by Daly
do you guys simply have no idea where to even look for actual news?
citron is short mstr, they went public with the report today.
This morning I was reading threads and watching the open on CNBC. Tgull posted Gaetz dropped out at 9:30. CNBC didn't report it until 9:33. hadn't been looking for news on MSTR but I did peek at the stock after the post on it and wished I'd bought a put or 2 thanks to Daly.Quote:
Originally Posted by sonatineQuote:
Originally Posted by country978
do you guys simply have no idea where to even look for actual news?
citron is short mstr, they went public with the report today.
Quote:
Originally Posted by country978This morning I was reading threads and watching the open on CNBC. Tgull posted Gaetz dropped out at 9:30. CNBC didn't report it until 9:33. hadn't been looking for news on MSTR but I did peek at the stock after the post on it and wished I'd bought a put or 2 thanks to Daly.Quote:
Originally Posted by sonatine
PFA is a odd place in general. There are some pearls of wisdom if you know where to look.
https://x.com/rev_cap/status/1859747098687832472
here it comes...
What could go wrong?Quote:
Originally Posted by sonatine
1. Buy a shit load of bitcoins
2. set the printer on high
....
profit
All asset classes are moving up seemingly beyond reason
This is different than bubbles like we had with dot.com, real estate, crypto, meme stocks etc. This is a melt up as capital “front runs” inflation
Everything is mooning.
I have always been a devout inflation guy since the Pandemic. I talked about ‘70’s/80’s redux. We have had our inflation deniers here on PFA. Pat them on their head and wish them well
When everything is a bubble there is no bubble.
- Dash “The Incredibles”
This is not a good thing
https://youtu.be/A8I9pYCl9AQ?feature=shared
so this has went up like 25% since i made this post 12 hours ago? tripled in less than a month? lol cryptoQuote:
Originally Posted by BCR
did you throw the 10k at it?Quote:
Originally Posted by BCRso this has went up like 25% since i made this post 12 hours ago? tripled in less than a month? lol cryptoQuote:
Originally Posted by BCR
No. I said is anyone doing this. There are a lot of crypto holders here. I don’t even have an active exchange to use right now. I don’t know which to use. To be honest, that was the point of my question. Was it worth the hassle to set up an account again? I haven’t bought crypto since that period when I’d go to deposit $500 on a poker site and the fees would be $100. I didn’t know it was going to shoot up that much in a day after years of stagnancy.Quote:
Originally Posted by country978did you throw the 10k at it?Quote:
Originally Posted by BCR
cool congrats to everyone who hodl'd their way to 9.8% profit this week on btc.
i turned $1800 in prop accounts into $44,300 scalping nasdaq futures in the last 6 days but you do you.
I think anyone who owns crypto would say its worthwhile to have an account. I did look at this when you mentioned it but I've not done well in the past when speculating on anything but btc so I don't even bother with it. I've had an account on Coinbase since 2020. If you're looking for them to help you with anything, forget about it, but you can reliably assume your funds will be safe.Quote:
Originally Posted by BCRNo. I said is anyone doing this. There are a lot of crypto holders here. I don’t even have an active exchange to use right now. I don’t know which to use. To be honest, that was the point of my question. Was it worth the hassle to set up an account again? I haven’t bought crypto since that period when I’d go to deposit $500 on a poker site and the fees would be $100. I didn’t know it was going to shoot up that much in a day after years of stagnancy.Quote:
Originally Posted by country978
You can also buy the etfs in an ira.
Also, holy shit sonatine! That's some week you had. Never in my life did I have a windfall like that.
its really not that exotic, the point of prop firms is margin/leverage. once you understand the nuances of auction theory the rest is just a matter of emotional control and a bit of luck.
Quote:
Originally Posted by country978I think anyone who owns crypto would say its worthwhile to have an account. I did look at this when you mentioned it but I've not done well in the past when speculating on anything but btc so I don't even bother with it. I've had an account on Coinbase since 2020. If you're looking for them to help you with anything, forget about it, but you can reliably assume your funds will be safe.Quote:
Originally Posted by BCR
You can also buy the etfs in an ira.
Also, holy shit sonatine! That's some week you had. Never in my life did I have a windfall like that.
I don’t follow anything crypto beyond this thread. I was just looking at insight into whether this news was reaching anyone else’s ears and if there was anything to it or it was some pump and dump or if you could hold it. When young people all start buzzing, it’s hard for me to tell. And since I won’t know the time to dump it not being in that world, I was interested if anyone heard of some fundamental reason to buy and hold. Even this upward move doesn’t mean shit unless you bought it and flipped it.
Are you doing this well? I read some of your early stuff and realized I’d need to study for a few months to even understand exactly what you’re doing. And technically my undergrad is in Econ which is quite laughable. I can’t even recall what we studied beyond theory. Nothing practical. I was the early 90s version of the modern liberal arts degree, except it only cost me $675/quarter to go to Ohio State.Quote:
Originally Posted by sonatine