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billryan
billryan
Joined: Nov 2, 2009
  • Threads: 175
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April 9th, 2020 at 3:30:39 PM permalink
Quote: DRich

I am a big believer in investing in companies whose products I use and like.



Its like they say- invest in yourself first. Think of it as getting a rebate every time you spend.
Last edited by: billryan on Apr 9, 2020
Suited89
Suited89
Joined: Dec 23, 2019
  • Threads: 2
  • Posts: 93
April 9th, 2020 at 5:28:44 PM permalink
FleaStiff:

You proceed from a false assumption. Not all Bitcoins have been mined. The reletive few that remain take a tremendous amount of computing power to mine each one. That is the exact way bitcoin is modelled. The early bitcoins were the least expensive to produce. Due to the very high computing power needed to mine a Bitcoin, some nefarious folks have used distributed-mining tactics. Of course the victim of such mining scripts bear the actual cost.

Nonetheless, work is performed, its a cost-shifted payment! Just like the prison system lol.
some people need to reimagine their thinking
FleaStiff
FleaStiff
Joined: Oct 19, 2009
  • Threads: 265
  • Posts: 14484
Thanks for this post from:
odiousgambit
April 9th, 2020 at 7:15:49 PM permalink
Quote: Suited89

FleaStiff: You proceed from a false assumption.

Yes, it seems to be the easiest way to reach my false conclusions.
CasinoResearch
CasinoResearch
Joined: Mar 29, 2020
  • Threads: 3
  • Posts: 27
April 10th, 2020 at 10:21:58 AM permalink
The old adage that nothing is free holds true for bitcoin just as with anything that is tangible.
onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
  • Threads: 209
  • Posts: 8000
April 15th, 2020 at 3:14:49 PM permalink
It's sad when your mood is dependent on your portfolio, but it is the way it always has been for me. It's pretty damn stupid being shackled from your thoughts basically being oppressed into not selling or not buying in case you change your mind. These changes after markets close and before they open, I really have trouble understanding. I don't like how the prices can change when nobody can buy or sell. Of course you don't like feeling like waking up in a car about to crash into a wall, and of course you like waking up with your dream girl suddenly in your bed, but they weren't the case when you went to bed. I don't need the stock market to have a life, maybe I should sell and just have the money for the world when it reopens. I think that, but just a few dollars more. At this point, I don't think I can sink for less than I'm in for, so at least there is that.
In the land of the blind, the man with one eye is the care taker. Hold my beer.
onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
  • Threads: 209
  • Posts: 8000
April 16th, 2020 at 9:02:34 PM permalink
Omg it happened. The very first day I decide to not only sell all my GILD but short it, it's a miracle. It was the first time I shorted a stock and in after hours, they ring the bell for the world. At this point it's a net win for me, because I have as much MRNA as GILD and was double down speculating on oil stocks. The thing is not only remdesivir seems to work, but Moderna got a 500 million $ grant for their vaccines. Gilead is saying there isn't money in the cure, so what do I do? Do I hold onto to GILD hoping for the price to be sold off, or will the BULLS crush me. Should I cover right away or not.? At this point, I think I should. to be safe. There are almost as many shorts as longs, I just noticed a stat on RH, 3000 people newly have bought GILD today since I slept. I'm thinking definitely cover, because the buying will be irrational? IDK. I've net won among all my stocks it seems, it's not as bad as the nightmare I believed when I woke up because I just miscalculated my losses in the first 15 seconds getting up. TG.
In the land of the blind, the man with one eye is the care taker. Hold my beer.
onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
  • Threads: 209
  • Posts: 8000
April 16th, 2020 at 9:24:27 PM permalink
Really stinks missing the one super breakout day I've been waiting for with GILD, and being on the wrong end. Overall, I'm making more being out of it with paper profits at this point. I don't really know what to do but cover first thing. There is a bottle neck in making the remdesivir, it's really hard to make and it takes a long time. As everyone has been writing about the stock, they will be forced to not make money or not make much treating this. They couldn't treat that many people if they wanted, Idk. It's one of the dilemmas I first pointed out, if the drug boosts the stock, all stocks gain more than the one bringing the exuberance.
In the land of the blind, the man with one eye is the care taker. Hold my beer.
onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
  • Threads: 209
  • Posts: 8000
April 16th, 2020 at 10:31:17 PM permalink
I don't think I'm going to cover the short, the stock isn't a $90 stock. It's an $80 stock at best. Moderna keeps popping, I'm a bit confused. It's not a $75 stock anymore either. If I don't cover, I need it to be closer to $80 before $100. Smart money has to be salivating over it now, seeing the trap. Push, push, push it down they'll think. In the meantime, short squeeze all the way up. This is like the poison cup dilemma all over again. We are still in volatile times, anything can happen day to day. Sigh, this stock could open $110, that would be terrible.
Last edited by: onenickelmiracle on Apr 16, 2020
In the land of the blind, the man with one eye is the care taker. Hold my beer.
onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
  • Threads: 209
  • Posts: 8000
April 16th, 2020 at 11:30:05 PM permalink
It was a giant misgamble. I'm not going to claim I'm not in some disbelief, but the good news is good for all stocks short term until we figure out where the irreparable harm is.
In the land of the blind, the man with one eye is the care taker. Hold my beer.
FleaStiff
FleaStiff
Joined: Oct 19, 2009
  • Threads: 265
  • Posts: 14484
April 17th, 2020 at 1:38:50 AM permalink
paper profits is a deceptive term.
Being on the wrong side of a volatile short sale can be costly. GOOD LUCK

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