OT: Stock trading

[Da_Aisijimo_Gou]

Are you worried about the new legislation surrounding crypto and block technology?

Worried about enhanced credibility, marketability, laundering containment, ideally dodgiest exchanges and trashiest cryptos pushed to the rubbish bin, increasing likelihood some more HNW 1%ers pay some crypto gains taxes, etc? Added reporting requirements, potential increased taxes, etc may be inconvenient, but I see more sun than rain.

 

[Zionn]

Agree with the above - will have legit projects rise to the top. LINK is certainly part of that group.

long HODLer regardless ……

 

[uconntoatl]

Amazon Web Services want in on the fun!

 

[Zionn]

HUGE for $LINK!!!!!

Once of the knocks has been that all their integrations are with unknowns. Ummmmm.....I encourage you to look again. Only getting bigger.

 

[Jay-Bone]

$LINK - this boat is about to sail

Was outpacing BTC, now getting passed as BTC is running again. Lets hope it gets a 2nd wind. If BTC can stay up without really pumping, all else will too. If not, same old, same old. We're still a ways away from the flippening.

 

[UConnSwag11]

Was outpacing BTC, now getting passed as BTC is running again. Lets hope it gets a 2nd wind. If BTC can stay up without really pumping, all else will too. If not, same old, same old. We're still a ways away from the flippening.

I want it back below $20 bc like an idiot I didn’t buy any! Ugh

 

[the Q]

I want it back below $20 bc like an idiot I didn’t buy any! Ugh

I didn’t buy enough lol

 

[Jay-Bone]

I want it back below $20 bc like an idiot I didn’t buy any! Ugh

I was of the belief BTC would ping pong in the 30's for a while. This re-pump and slow sustainable growth into the 40's is leading me to now believe otherwise. If BTC does anything erratically, you might see $20 Link again. Either a dump or a flash pump to $60k where everybody wants to be in BTC. Not sure that will happen though and think steady growth in the 40's and Link in the upper $20's will occur. That's just my uninformed opinion. I don't keep up with it like I used to.

Then again, an Elon tweet could make it happen.

 

[UConnSwag11]

To Beat Tesla, Volkswagen Bets on Making Its Own EV Batteries

Volkswagen, one of the world’s two largest auto makers by sales, could be the world’s biggest maker of electric vehicles as soon as next year—but making a cost-effective EV battery is a challenge.

www.wsj.com

 

[UConnSwag11]

I was listening to a podcast and the guy loves Volkswagen bc they’re going to be one of the better EV companies and still have their gas and diesel vehicles

 

[UConnSwag11]

$VWAGY and $FUBO

 

[UConnSwag11]

I hope vwagy is the right one lol

 

[the Q]

I was of the belief BTC would ping pong in the 30's for a while. This re-pump and slow sustainable growth into the 40's is leading me to now believe otherwise. If BTC does anything erratically, you might see $20 Link again. Either a dump or a flash pump to $60k where everybody wants to be in BTC. Not sure that will happen though and think steady growth in the 40's and Link in the upper $20's will occur. That's just my uninformed opinion. I don't keep up with it like I used to.

Then again, an Elon tweet could make it happen.

Let’s see what happens if this crypto stuff goes through on the infrastructure bill

It’s a tough spot for everyone to be in because there’s no question imo that crypto hits all 4 parts of the Howey test so it could certainly be a security, but it is also kind of commodity like as gold is

 

[UConnSwag11]

DKNG to buy GNOG. Holders of GNOG get .036 shares of New Draft Kings

 

[uconntoatl]

Let’s see what happens if this crypto stuff goes through on the infrastructure bill

It’s a tough spot for everyone to be in because there’s no question imo that crypto hits all 4 parts of the Howey test so it could certainly be a security, but it is also kind of commodity like as gold is

Hard to have a blanket regulation to crytpo, as every token/coin serves a different purpose based on it's functionality within that companies ecosystem/blockchain/product.

 

[the Q]

Hard to have a blanket regulation to crytpo, as every token/coin serves a different purpose based on it's functionality within that companies ecosystem/blockchain/product.

It’s still an asset class. You could say the same for stocks and that’s why they have mlp and reits

 

[UConnSwag11]

SPRT

 

[Chin Diesel]

AMC with an actual earnings report after yesterday's close which could take it from WSB meme stock status to a post COVID rebound stock status.

Up almost 8% pre market.

 

[HuskyHawk]

Hard to have a blanket regulation to crytpo, as every token/coin serves a different purpose based on it's functionality within that companies ecosystem/blockchain/product.

It’s still an asset class. You could say the same for stocks and that’s why they have mlp and reits

Senate is blocking what was proposed by the House. I think some regulation is needed. I think some of crypto is really just a company, with a product that has chosen to rely on crypto, rather than something more like bitcoin. Some of them really should be stocks. My concern is that almost nobody in Congress understands it, and anything they do now is almost certain to be the wrong thing. Meanwhile, China is cracking down as expected, which is going to disadvantage China. We need to take a cautious approach that doesn't stifle innovation.

 

[pauliepeppas]

if you guys arent following @buysellshort yet please do ....gem after gem

 

[Da_Aisijimo_Gou]

Senate is blocking what was proposed by the House. I think some regulation is needed. I think some of crypto is really just a company, with a product that has chosen to rely on crypto, rather than something more like bitcoin. Some of them really should be stocks. My concern is that almost nobody in Congress understands it, and anything they do now is almost certain to be the wrong thing. Meanwhile, China is cracking down as expected, which is going to disadvantage China. We need to take a cautious approach that doesn't stifle innovation.

Yes on all, but possibly the 2nd to last sentence. As 'd as much of the mainland's CCParty boys regulatory crackdowns on some equities may be, IMHO it's far less clear the Central Government reeling in domestic mining and creation of an RMB-based crypto is all bad. Reasonable or not, it's unlikely BTC, ETH, LINK let alone less credible cryptos will be accepted in the mainland. Accommodated sure, the Yuan Crypto IMHO will end up an internationally-convertible cryptocurrency enabling international trade, fund transfers, etc. Different environment, different strokes for different folks for a fairly large global economy.

 

[HuskyHawk]

Yes on all, but possibly the 2nd to last sentence. As 'd as much of the mainland's CCParty boys regulatory crackdowns on some equities may be, IMHO it's far less clear the Central Government reeling in domestic mining and creation of an RMB-based crypto is all bad. Reasonable or not, it's unlikely BTC, ETH, LINK let alone less credible cryptos will be accepted in the mainland. Accommodated sure, the Yuan Crypto IMHO will end up an internationally-convertible cryptocurrency enabling international trade, fund transfers, etc. Different environment, different strokes for different folks for a fairly large global economy.

I get that they will survive working on the outside. I just think it weakens them through further isolation. If the tech itself proves useful, they won't have it. It's inherently decentralized and too hard to control. Sooner or later the policy of censorship and isolation from information will fail, just as it did in the USSR. And they didn't even have to contend with the internet. If Hollywood refused to play along, it would happen quicker. That said, you know way more about China than I do.

 

[Da_Aisijimo_Gou]

I get that they will survive working on the outside. I just think it weakens them through further isolation. If the tech itself proves useful, they won't have it. It's inherently decentralized and too hard to control. Sooner or later the policy of censorship and isolation from information will fail, just as it did in the USSR ...

Time will tell, yet my take is "West Taiwan" (mainland) will end up far less isolationist than more than many westerners now project. Less compliant with post-WW II western powers sure, but potentially far removed from isolationist. More high-population growth eastern Asia, southern hemisphere and Russkie oriented than the UK, EU, North American and ANZAC nations prefer. Separate, yet different including the RMB crypto which will likely tie in/into global cryptocurrency exchanges.

If (or when?) wayyyyyyy more mainlanders truly objected to domestic controls, western-perceived isoliationism, censorship, etc, the global internet might matter more. However, the vast majority simply do not. At least now, and mainland China is massively removed from the USSR. Just no comparison based on direct experiences shortly after the Berlin Wall fell, living/work experience shortly thereafter in ex-Warsaw Pact nations and Russkiville, and more recently in "West Taiwan" (mainland China).

Hollywood, pfft. Humorously and ironically, Hollywood wing nuts bend over backwards kowtowing to the CCParty Boys' whims. However, mainlanders can and oft do access any Hollywood and other western films, many western websites and news sources, same same with domestic info, etc. Nationalism is rife and censorship obviously occurs, yet info's availed via fairly readily available VPNs.

Time will tell ...

 

[UConnSwag11]

FUBO crushed it. Also launched their sports book

 

[ClifSpliffy]

Poly Network pleads for hackers to return assets after $611 million crypto heist (msn.com)
but you knew this, amiright?
'pleads?' 'pleads?'