Crypto thread

Wells Fargo says it will no longer accept applications for home equity lines of credit

Bullish 

People of the forum! Here we sit at the precipice of the s&p vs. Bitcoin challenge that is now officially over two years old. The stock market index has recorded a two year 5% gain (yawn....a rise from 2,762 to a scant 2912) vs. the BTC gain of 3.5% from 8500 to 8798. 

Yeah....dividends at 2.5% per year would technically double the markets gains to 10% over two years, but let's not quibble over a few percentage points. The point is, will Bitcoin now become the asset its believers has been foretold to become?

The set up for BTC will NEVER be stronger. The world economy is collapsing. Venezuela and Brazil are a joke. Europe is a joke. USA debt is skyrocketing. Small countries are moving to BTC. The time is now for BTC to prove that it can fly. If it can not fly now, when will it? 

For years I have been preaching buy at 6k and sell at 10k. 

I haven't been wrong yet, but there is always a first time I suppose.

In the interest of maintaining the insisted upon peace by WallStreet, this message was delivered in the absence of jabs, disses, or insults.  

Your post is a top signal  

It will fly after the crash

I just went into USDT 

You haven’t bought at 6k once and you haven’t sold at 10k once. 

Youre basically the guy at the end of the bar coaching the Red Sox to a perfect season. 

Your stocks are about to get slammed. 

Wrong. I put $60 in BTC!

I'm in!

Let's Go BTC!!!!

I’ve gone back and forth between alts and USDT so many times over the last few days that KuCoin upgraded me to a Gold VIP member 

BTC 8,900 

S&P 2,845

10 days, 22 hrs until the bitcoin halving 

Elon: “TSLA stock price is too high imo” 

Tough to tell if Elon’s twitter got hacked or if it’s him tweeting this stuff 

Tanked TSLA shares 

TSLA -10% since that tweet — I think he was hacked and stock jumps back. Probably a good short term call.

TSLA $770 CALL 5/8 

1 contract $13.75 

Maybe he wasn’t hacked 

Sold 13.25 

quick $50 down the crapper 

You are making options even more stacked against you by playing these ultra short term kinds. You are lucky there is quite a bit of vol lately, enough that you can see some action but to me this will end up taking all the money you can put in and more. I would not place an option trade that was not at least three months out and at or in the money on either side...if you cant afford that then it is telling how this will end up.

Looks like 3x failure over 9k for BTC, its been a nice move the last few days but repeated failure over 9k might make it a tough ceiling to break through to move up to 10k. I have to think it tries 10k before the halving date, thats how I see it.

I have moved to 3 months out. I just have the Hilton and BAC ones I bought a few days ago. 

The short term ones do move way too much. 

I had a HD one and it went from 215 to 218 and I was -1400 

I am shocked that the exchanges allow retail guys to play that super high beta stuff.

If stocks gets slammed, I will still be living off the dividends. I will be more than ok. You're so angry all the time but you should realize this isn't a competition. Everyone can make money if they avoid impulsive and irrational decisions like they are at the horse track high on booze and weed. The money is out there! Good luck!

Let's make some money! I'm almost up to $100 in BTC!!!

A Home Depot dividend has been between $0.90 and $5 annually per share. 

To make $50,000 annually you would need $2.2 million worth of HD stock. 

That’s like saying you’re going to live off of Tezos staking rewards. 

Ok. I believe you. And I bought BTC in 2010 for $0.08. 

I only bought 1,250 for $100. 

That $100 is now worth $12 million. 

I spent $6,000,000 worth of BTC on Tezos when Tezos was $0.35 in Sept 2019. 

I now stake my 17,000,000 Tezos on coinbase for a 5.10% annual reward which is roughly $2.35 million annually.

It a shame you went the stock route in 2010. You should have bought Bitcoin, like me. 

Ok and back to better topics..

BTC failed again at holding 9k last night, I think that makes it 5 failed attempts, there is a ton of sellers waiting over 9k, that or futures sellers/shorts trying to stop the move higher.

Detox. Why are you so bitter and angry? Do you think it impossible to live off of dividends? Obviously you must think that it is but I hope you get there one day.

This is not a competition, but if it was I think I know who would was winning based on your comments. 

Detox....surely you know that only a fool has all of his eggs in one basket?