Crypto thread

Raiders, I don’t mind any of that talk. I like reading the discussions. 

Bitcoin halving #1 and #2 were extremely bullish and set off massive pumps after the halving. 

The block reward of 12.5 BTC every ten minutes will be cut in half to 6.25 BTC every ten minutes. 

Yeah oil opened near 17 bumped to almost 18 and then some heavy selling came in and down to 15.

To me this smells like either longs bailing or someone really got liquidated this evening. I wonder if we will see some hedge fund or financial entity come out as to getting nailed on a margin call and sold everything. 

Every 10 minutes????? You are that familiar with blockchain?? What are the wales going to do?? I think they might have a BIG say on this.will they hodl or cash out?? 

Sorry I thought this was a crypto thread.Good luck all

Yes, PCE measures the healthcare differently than the CPI — which only measure out-of-pocket expenses.  But have you actually looked at what all they look at in those indices regarding healthcare?  That is a huge category and if you don’t think economists are capturing that — then I don’t know what to say.  There is a whole field of study just for dealing with that.

I don’t cut and paste. I copy and paste.  I would copy and paste an excerpt or two for you here — but pretty sure you would dismiss it.

Absolutely, there are indices that measure it. For example, the US Healthcare Inflation Rate is a valid one.  For example, the rate had been flat or downward, even, until a couple of years ago.  Now it has headed back up in the last couple of years.  So, yes, if you are older it is good to be on the government medical or still have employee benefits.  But, it is not the runaway it was in years past.  You can make the argument it should be lower — but that is a whole different issue.

You can track the Health Insurance Rate against the CPI.

You know how I feel about annuities.  I have explained that.  For many different reasons people make the wrong decisions and have to learn to live with them.  Absolutely, they should not be in a situation where they need risk if they cannot stand it.  I think I made this point very clearly.

Could care less about CC or student loans — I don’t recommend carrying debt.

Do you realize how many small businesses fail the first year alone?  I think half have failed by the fifth year.  The risk is the very obvious reason the rates are not much lower.

You imply there are sufferers from low rates.  Sure, if you are completely in the wrong vehicle to start with.

There is an old study — don’t remember if UK or US.  Baby boomers drove up inflation as they joined the workforce and they will drive it down as they retire. So, these things are very dynamic and have lots of influences.  But if you put yourself in a spot later in life where you don’t have your money set up right.  Then that is sort of on you.  You either did the wrong things, did not do the right things, did not get the right advice.  There are some folks that did have something out of their control happen — I get that.  But they are fewer than you think.

But say this part again — out loud: “Here is the example, my neighbor was having a discussion about annuities.”

Really? So, these are people that live in your neighborhood.  Which I assume is not a dump.  They were talking to you about it. Which you have some background in the field to help them.  I am very, very curious what advice you gave them.  I hope you did not just tell them to throw their hands up or to simply renew the annuities.

Again, I stand by my points.  You cannot have a nation’s monetary policy set up to benefit people that only want low-risk vehicles, expecting high returns. That is bad for the overall economy — for obvious reasons.  Second, “A poor craftsman blames his tools.”

I appreciate the patience.  I will catch it in another thread or another time.  It will soon become wittering and take up your thread.  

Good luck with the crypto 

Why would they cash out? Makes no sense 

Are we looking to buy oil stocks today or what 

-29% to $13 a barrel 

Always nice when you have some open puts and the pre-market is dumping on a Monday morning! 

Oil down 37% to $11.45 

Dumping like a crypto exit scam 

Crypto tanking — directly tied to the stock market — do not like that one bit 

Everything pumped on the opening bell 

I currently have 5 puts. 

All 5 under water. 

3 of the 5 expire Friday. 

I just opened another HD put. 

I cant stop. 

We need HD under $200 by the end of the week. 

“Close winners and chase losers” 

— Warren Buffett 

Is there a stock tied directly to the price of oil? 

Oil down 57% today and most oil stocks are up 

The energy companies that are running on debt and on poor (worse) margins are not going up....they are going bankrupt. CHK (Chesapeake Energy) was once a high flier but now the writing is on the wall after a 200-1 reverse split last week. CHK had dipped into penny stock status and was facing delisting, so the reverse split was a requirement to stay listed. Regardless, they will be one of the casualties that the Saudis and Russia had hoped for when they perpetuated this crisis. 

Shorting this market might be a wiser move when the big boys get involved. Once the momentum gets started, it's easier to pile on and ride their wave. The way you are doing it seems like flipping coins. 

Oil is tanking in the current contract that expires tuesday, so nobody is in need of holding WTI contract for a day.

Ive been looking around trying to see if there is a retail way to trade futures options without needing a futures account. I dont want to trade an option off an ETF that has contago or decay due to the setup of the investment vehicle. I have not been able to find a retail vehicle that directly mirrors oil, none seem to be pure.

I used to have a Forex acct and I'd imagine I could have traded futures that way but not options on futures. 

Hit 97 cents a barrel 

Detox I agree with your comment about crypto price action, its crappy. I watch the Coinbase pro level II and the spikes of buying are met with quick selling and retracement. 7200 has failed so many times and every time it fails it drops quickly back to sub 7k. I am not mad of course since I am up on my lot and it isnt cheap enough for me to buy another but it is annoying for sure.

I am not sold on the halfing as meaning much since my opinion is that demand drives price not supply and there is PLENTY of sellers in this market, that level II shows bid and ask size and there is no shortage of sellers in the market.

27 cents and it will go negative. Its only for today, the next contract will start tomorrow. I need to see what firm I can easily sign up for and fund that gives me options on futures...

Wallstreet 

If I want to long oil. What do I do? Explain like I’m 5.