Stocks - The Best Buys 2

[RichieRich]

Originally Posted by chedder

The interwebs/conspiracy whacks/Facebook geniuses have all been pushing this for a while now. For that reason, I'd do the exact opposite.

no doubt. If I'd pulled out months ago I'd have missed the overall market run. And gold during the last 6mo has gone from ~1950 down to ~1700 as of right now. that's a massive difference. The shorter you're in the market or individual stock, the more volatile it is, whereas longer time in broader market the more stable you are but that includes reduced gains (and losses) from outliers.

[Monahammer]

Even in the event of an enormous economic collapse, the rationale behind going back to a gold standard is suspect at best.

[burn_this_city]

Central banks would never again let the money supply be dictated by the rate which we can mine a precious metal.

[Bonded]

Yeah, I exited some spy calls I still had some profit in and flipped the cash into some uvyx and vxx calls yesterday as stuff was chopping around.

I am not on the full bear train yet but with how strong growth stocks have been, a little dip is expected.

Also lol to going back to the gold standard, governments would not give up their ability to manipulate money supplies. It is always an interesting thought experiment to think about if it was never abolished.

[Cappy]

We all know the gold standard is gone.

All hail the Bitcoin standard!

[GGG]

Originally Posted by Cappy

We all know the gold standard is gone.

All hail the Bitcoin standard!

A thought experiment more for the Bitcoin thread.

If Bitcoin supply is fixed and people have confidence in it and people don’t accept substitutes it effectively becomes a Bitcoin standard as any increase in money supply would just decrease your currency value relative to Bitcoin.

It could be an economic disaster and the end of MMT.

[Leondros]

Originally Posted by GGG

A thought experiment more for the Bitcoin thread.

If Bitcoin supply is fixed and people have confidence in it and people don’t accept substitutes it effectively becomes a Bitcoin standard as any increase in money supply would just decrease your currency value relative to Bitcoin.

It could be an economic disaster and the end of MMT.

It is an extremely interesting question as bitcoin production is fixed.

[DoubleK]

Originally Posted by Kiran403

I think CLOV is decent as a hold as least until the end of the year. I have it too and I'm down on it but all of Chamath's other projects/SPACs that I have invested in have paid off so I'm willing to wait to see how it shakes out.

I averaged down today. If it gets back to $10 I'll cut my losses and try again.

[Oil Stain]

Originally Posted by GGG

A thought experiment more for the Bitcoin thread.

If Bitcoin supply is fixed and people have confidence in it and people don’t accept substitutes it effectively becomes a Bitcoin standard as any increase in money supply would just decrease your currency value relative to Bitcoin.

It could be an economic disaster and the end of MMT.

The big issue I have with bitcoin is answering the question of why people wouldn't accept substitutes.

There is nothing inherently unique about it.

[DownhillGoat]

Originally Posted by Muta

Just bought another 1200 shares of CBDT, averaged down over 50 cents! I'm happy today haha.

Re-assuring article on Yahoo Finance yesterday too.

https://ca.finance.yahoo.com/news/em...083000520.html

[Kybosh]

I'm so bad at buying dips haha. Even in the dips I seem to buy the daily highs.

[bluejays]

Originally Posted by Kybosh

I'm so bad at buying dips haha. Even in the dips I seem to buy the daily highs.

Man I feel ya. I was considering hypothetically buying the score to average down from $50 and now that POS is $25 as we speak. I don’t recall losing money so fast ever.

[Iggy_12]

SCR is absolutely baffling. Thought releases were good news and since the split its a complete pummeling. I might be the worst stock buyer of all time

[Fuzz]

Considering grabbing some SOLO if it hits $4, and BLDP if it hits $25.

[Monahammer]

What would happen if a massive solar ejection crippled our global power and telecommunications grids and 1/2 of all bitcoin was lost immediately?

[bluejays]

Originally Posted by Monahammer

What would happen if a massive solar ejection crippled our global power and telecommunications grids and 1/2 of all bitcoin was lost immediately?

While I don’t know what would happen to Bitcoin, I’m quite certain The Score would go belly up.

[Leondros]

Originally Posted by Monahammer

What would happen if a massive solar ejection crippled our global power and telecommunications grids and 1/2 of all bitcoin was lost immediately?

Well it wouldn't be lost. But it certainly wouldn't be accessible. Having said that, if that scenario were to occur you won't easily be getting cash out of a bank either.

But that's why doomsday scenario planners have guns, gold, and a years worth of food.

[Jason14h]

Originally Posted by Monahammer

What would happen if a massive solar ejection crippled our global power and telecommunications grids and 1/2 of all bitcoin was lost immediately?

If this happens getting your bitcoin is the last of your worries.

[J pold]

I'm a big believer in Bitcoin and have been buying a lot over the past 6 months. It's certainly not perfect and without challenges but I find some of the criticisms of it strange.

"What is quantum computing comes along and makes it obsolete?" "What is there is a solar flare that damages the blockchain and you lose everything?"

Hummmm what do you think happens to the money in your bank in that scenario? Do you think you'll be able to withdraw all your savings from an ATM?

If someone does create a quantum computer in our lifetime (which is possible) our world will be entirely changed in an instant and the entire traditional financial infrastructure would be up ended, not just Bitcoin.

[burn_this_city]

Bitcoin's biggest flaw isn't some solar flare or anything like that. It's the massive power consumption that rivals some countries in a carbon constrained world.