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WSB101 - THE BOOK OF YOLO: BEGINNERS GUIDE TO TRADING LIKE A DEGENERATE AND EVERYTHING WSB

The Book of Yolo: COMPLETE GUIDE TO WSB
The goal of this is to actually create something that all of you WSB newbies can read - because we’re all tired of seeing the endless wave of uninformed and unavoidable stupidity from those who have never touched the stock market. CALLING ALL NEWFAGS AND NORMIES.
If you can’t read, GFY now.
Now that we will be on the popular section of reddit, this has become pertinent. WSB can't avoid newcomers, so we might as well explain how the clock ticks here. This one is for you all.
This is to serve as a reference what values we hold, what instruments we use, and as a general place to educated the uneducated.
First off, this is the LEAST helpful stock market-based community for newcomers. Sarcastic answers are the only thing of true value here. It isn't a place to learn, but a place to plan out where you will dock your yacht. Newcomers are usually berated upon asking the inevitable stupid questions that they could learn slowly from reading here, or just using a damn search engine. Instead of embarrassing yourself here, you now have the opportunity to read this and get what we’re all rambling about.
This will help you understand what to expect if you make the decision to undertake a WSB style trading career, so you can stay here and contribute to the yolo lifestyle or otherwise GFY.
I will edit in any suggestions that our frequenting users or mods want to add to this as well.
To begin: Here are our topics for WSB101
-Basics (Equities/Stocks)
;
-ETF's
;
-Options
;
-Futures Trading
;
-SubCulture
;
BASICS/EQUTIES Skip if you understand basic stock stuff
Okay, so what is an equity/stock? An equity is essentially what you’d think of as your “vanilla” trading tool. They move up or down depending on market forces, and can range from pennies to thousands of dollars per share. To explain how stocks work, let's define a few terms.
Volume: The number of shares of stock traded during a particular time period, normally measured in average daily trading volume.
Spread: The difference between the bid and the ask price
Bid Price: The current price in which someone wants to buy at
Ask Price:The current price in which someone wants to sell at
Volatility: The WSB favorite. Volatility is referring to the price movements of a stock as a whole. The higher the volatility, the more the stock is moving up or down. Highly volatile stocks are ones with extreme daily up and down movements and wide intraday trading ranges.
Margin: A margin account lets a person borrow money (take out a loan essentially) from a broker to purchase an investment. The difference between the amount of the loan, and the price of the securities, is called the margin. Margin is one of WSB’s popular instruments of wealth and destruction.
Dividend: This is a portion of a company’s earnings that is paid to shareholders, or people that own hat company’s stock, on a quarterly or annual basis. Not all companies do this.
PPS: Acronym for “Price per Share”
Moving Average: A stock’s average price-per-share during a specific period of time.
Bullish: Expecting the stock to go up
Bearish: Expecting the stock to go down
Any raised hands can redirect themselves to here:
http://www.investopedia.com/articles/investing/082614/how-stock-market-works.asp?ad=dirN&qo=investopediaSiteSearch&qsrc=0&o=40186
Now that these terms are defined, let's move into the details of why this is even useful. Most people know what a stock is, but how and why stocks move is a different story. The stock market is essentially a big virtualization of supply and demand - meaning that usually high positive volume creates upwards movement in the PPS, where high negative volume does the opposite. This creates a trader’s opportunity; Generally, the most effective time to buy or sell is where the candlesticks (volume data) are thinning out. When you are ready to take an entry point or execute an exit point, waiting till the volatility (candlesticks) thin out is one method to give you best trade possible.
WSB FAVORITE EQUITIES: Of many equities, WSB favors the riskier ones - but avoiding penny stocks is a policy.
AMD - CEO Lisa Su, Next Gen Processors, chips, graphics. It’s the gamers gambit. Up roughly 1400% as of 2/7/2017 since WSB first mentioned it
NVDA - AMD’s sister? Mother? Daddy? Who knows. NVDA has been a sexy semiconductor leader. Is up 400% since gaining traction on WSB.
FNMA / pfds - Mnunchin, Trump, Big fat fannies. Get your self deep in the fannie. We all want it. WSB 10 bagger candidate for reforming the housing market. WSB holds a large cumulative position that can be seen below. Also a good read is the beginners guide to FNMA. Any post by u/NOVACPA is very often VERY informative on FMNA/pfds.
https://www.reddit.com/wallstreetbets/comments/5oissp/results_wsb_fnmafmcc_holdings
https://www.reddit.com/wallstreetbets/comments/5t7gba/beginngers_guide_to_fnma_fmcc_read_this_before/
ARRY - A biotech champion that prevailed after a lot of failures and huge losses in the biotech sector. Dark times for WSB. Up ~300% since getting traction on the subreddit.
TWTR - WSB likes to buy put option contracts on her. Exemplary of a social media platform that is unable to monetize itself.
TSLA - Maybe not unanimously a favorite, but loved for it’s sexy volatility, Elon Musk, and ridiculously expensive options.
GILD - A Shkreli pump and dump? The greatest large cap pharma recovery of all time? Who knows. Martin took the time to make a post on this reddit and it is up $5 dollars since.
ETF'S
Welcome to the world of investing made easy. Exchange traded funds (etfs) are devices that can be traded like stocks, but often track the value of many companies by investing in their listed assets accordingly. Specifically, An ETF, or exchange traded fund, is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. Unlike mutual funds, an ETF trades like a common stock on a stock exchange. ETFs experience price changes throughout the day as they are bought and sold. ETFs typically have higher daily liquidity and lower fees than mutual fund shares, making them an attractive alternative for individual investors.
ETF’s come in beautiful and delicious varieties, often with a BEAR form and a BULL form of each; but the most delicious to WSB are the 3x etf’s. A 3x ETF is one in which the underlying movement of the ETF is leveraged 3:1. Meaning for every movement within the underlying index or stocks, the 3x ETF moves well.... 3x as much..
WSB FAVORITE AND USEFUL ETF’S:
JNUG - 3x Gold Miner Bull - A hit or miss, has extreme intraday movements and essentially tracks GDX (gold miner’s index). Jnug will usually move with a pretty strong correlation to gold, which is affected by the mentioning of rate hikes (negatively), movement of the US dollar (inversely), uncertainty (positively), and supply and demand.
NUGT - Jnug with a different price tag
JDST - The inverse 3x etf of JNUG - or the bear etf. It does almost exactly the opposite movements of JNUG by the tick. Moves for the same reasons, but obviously opposite directions.
DUST - Jdst with a different price tag.
UGAZ - Natural Gas 3x Bull ETF - essentially tracks the price value of the commodity Natural Gas, but more specifically the S&P GSCI Natural Gas Index ER. The index comprises futures contracts on a single commodity and is calculated according to the methodology of the S&P GSCI Index. Natural gas is most affected by Weather temperature conditions (use your brain), petroleum prices, and broader economic conditions.
DGAZ - Inverse of UGAZ
UWT - Crude Oil Bull 3x ETF - extreme intraday movements, closely follows the price of oil. More specifically, it tracks futures. UWT seeks to replicate, net of expenses, three times of the S&P GSCI® Crude Oil Index ER. The index tracks a hypothetical position in the nearest-to-expiration NYMEX light sweet crude oil futures contract, which is rolled each month into the futures contract expiring in the next month. The value of the index fluctuates with changes in the price of the relevant NYMEX light sweet crude oil futures contracts.
DWT - Inverse of UWT
FAS - Financial Bull, specifically FAS seeks daily investment results, before fees and expenses, of 300% of the performance of the Russell 1000 ® Financial Services Index. The fund creates long positions by investing at least 80% of its assets in the securities that comprise the Russell 1000 ® Financial Services Index and/or financial instruments that provide leveraged and unleveraged exposure to the index. Can be used when bullish on US financial services - so banks, lenders, etc.
FAZ - Inverse of FAS
UPRO - S&P500 Bull 3x ETF, essentially tracks the S&P500 and multiplies it’s returns by 3x.
BRZU - Tracks Brazil (in its most basic form). It creates long positions in the MSCI Brazil 25/50 Index.
LABU - Tracks the Biotech sector, or specifically 300% of the performance of the S&P Biotechnology Select Industry Index ("index"). It should be noted that LABU has doubled since just before the election of Donald Trump.
LABD - Inverse of LABU
RUSL - roughly creates 300% of the performance of the MVIS Russia Index.
RUSS - Inverse of RUSL
SPY - Tracks the S&P500, but is not 3x.
OPTIONS:
Alright, so half you are going to understand this, and half of you are not. Pull up an options chain now on any stock (penny stocks and specific stocks do not have chains because of their market cap). Options are truly the ultimate way to achieve maximum risk/reward.
An option is a contract that gives the buyer the right to buy or sell 100 shares of a stock at a certain price, on a certain date. This concept makes options a commodity themselves.
KEY TERMS:
A CALL - is the right to buy. Buying calls is taking a bullish position in its most extreme form.
A PUT - is the right to sell.
The underlying - is the stock that the option is covering i.e. AAPL, GOOG, AMZN
Strike Price - the price at which a put or call option can be exercised.
ITM, In the money - In the money means that a call option's strike price is below the market price of the underlying asset or that the strike price of a put option is above the market price of the underlying asset. Being in the money does not mean you will profit, it just means the option is worth exercising.
OTM, Out of the money - a call option with a strike price that is higher than the market price of the underlying asset, or a put option with a strike price that is lower than the market price of the underlying asset.
ATM - At the money - Strike price at the same price as the underlying
Expiration - Expiries for options are every friday of every week usually, with exceptions such as every month, or every other day - depending on the underlying. SPY and SPX are great examples of very active option chains with expiries every other day. On the expiry date or any time before (with american options), an option can be, but doesn’t have to be exercised, meaning the holder of the option can use it to buy or sell shares of the underlying stock at the strike price. Most people on WSB do not exercise the contracts, but merely flip them for increases in value as the underlying moves.
For example, when AAPL was at 120 before its earnings report, Joe Shmoe Yolo buys 10 FEB 17th CALLS at strike 127 for .60 , each. Now .60 cents is really 60 dollars each, because the contract is multiplied by 100 (the right to 100 shares). In total, Joe Shmoe Yolo spends $600 dollars + commision on this trade. The next day, AAPL leaps to 130 upon great news. These same option contracts are now worth 3.50 each. $350 dollars per contract, times ten contracts is $3500 dollars. Joe Shmoe Yolo just turned $600 into $3500 dollars. MAGIC. Spoiler alert: Joe Shmoe Yolo was me.
That same Joe Shmoe later buys FEB 17th XOM calls at 90, hoping for similar results. However, XOM ends up never reaching anywhere close to the strike price, and the options expire worthless. Get it?
Now what determines the pricing of options?
OPTION PRICING:
Below is sourced from investopedia
Intrinsic Value: The intrinsic value is the actual value of a company or an asset based on an underlying perception of its true value including all aspects of the business, in terms of both tangible and intangible factors. This value may or may not be the same as the current market value. Additionally, intrinsic value is primarily used in options pricing to indicate the amount an option is in the money.
Time Value: Time Value = Option Price - Intrinsic Value. The more time an option has until it expires, the greater the chance it will end up in the money. The time component of an option decays exponentially. The actual derivation of the time value of an option is a fairly complex equation. As a general rule, an option will lose one-third of its value during the first half of its life and two-thirds during the second half of its life. This is an important concept for securities investors because the closer you get to expiration, the more of a move in the underlying security is needed to impact the price of the option. Time value is basically the risk premium that the option seller requires to provide the option buyer the right to buy/sell the stock up to the date the option expires. It is like an insurance premium of the option; the higher the risk, the higher the cost to buy the option. Makes sense, right?
Time value is determined by the expiration date. An expiration date in derivatives is the last day that an options contract is valid. When investors buy options, the contracts gives them the right but not the obligation, to buy or sell the assets at a predetermined price, called a strike price, within a given time period, which is on or before the expiration date. If an investor chooses not to exercise that right, the option expires and becomes worthless, and the investor loses the money paid to buy it.
Volatility:
In an options pricing, you see IV. This stands for implied volatility. The higher that is, the higher the options will be priced Volatility is the extent to which the return of the underlying asset will fluctuate between now and the option's expiration. Volatility, as expressed as a percentage coefficient within option-pricing formulas, arises from daily trading activities. How volatility is measured will affect the value of the coefficient used.
Decaying Nature of Options:
Decay refers to derivative trading (i.e. options). When you sell or buy a call/put (using those two for simplicity purposes) you don't get an infinite time frame to make your dreams come true. Time is your enemy; the further out the expiration date, the less time decay there is. Time decay really hits the worst the week of expiration. Sound confusing? Say you're buying options of the stock WSB (I hope you're seeing what I did there) - and the option costs $1, the expiration is this Friday. Say today is Monday. You buy a call expecting WSB to take you to the moon and beyond. Each day the stock doesn't move closer to your strike price or remains stagnant/drops, you lose value on your option + the time decay. Meaning if it finishes closer to your strike price, your option could be worthless because of that time decay. Questions? Ask away.
A great example of these factors in action is TSLA.
TSLA’s options are among the most expensive for companies in its price range, why?
An in the money TSLA call expiring this week is worth around $1100 per contract. Insanely expensive. But for a reason. TSLA has extreme intraday movements and calls have an implied volatility of 40.92%. Which is fairly high. In addition to that, it holds high intrinsic value / price per share, and a week of time value.
-Futures 101 - The Ultimate YOLO Guide (thanks to u/IncendiaryGames)
Okay, a lot of you have been YOLOing on faggot delights on SPY options. How would you like to trade something with the same or more leverage, 1.0 delta, and no time premium costs? Have you considered futures? What are futures? Unlike options, futures is a contract where both the buyer and seller is obligated to perform the transaction by the expiration. Conversely, in options, only the seller is obligated to perform. That means you can lose more than your investment. Originally they were used by farmers to sell future crops early and guarantee some amount of sales. Since then futures have expanded not just to commodities but currency and equity indices like the S&P 500. Why the heck would I want to trade futures? Here are the advantages: Leverage $5k is the margin requirement for most contracts. For example with the E-mini S&P 500 with 5k you're trading $120k worth of stuff. 1 contract = 500 spy shares. Some brokers offer intraday daytrading margin rates too - TD Ameritrade is 25% of the overnight margin rate($1,250.) Some brokers go as low as $500 an /ES future. SPAN Margin If 24x overnight leverage and 240x day trade leverage didn't give you a hard on there is also SPAN margin, which is like portfolio margin on steroids. The beauty of SPAN margin is you don't need a $125k+ account to be eligible. SPAN will greatly reduce your margin requirements if you hold uncorrelated or inversely correlated positions (up to an 80% discount, here is a list of groups that give discounts) and if you hedge with options. Hedge with the right option or asset and now you have up to 500x day trading margin. 23/7 and day trading Ever get in and out of an equity only to have your broker yell at you to stop doing that or deposit $25k? There is no pattern day trading restrictions on futures. Feel free to day trade and blow up your account as often as you want! You can also trade 23 hours a day. Get trading on how the S&P 500 index will react to news from China right away. Taxes No matter how long or how short you hold you always get taxed under the 60/40 rule. 60% of your profit from futures will be taxed as a long term gain and 40% will be taxed as short term gain. No wash sales. Trade your hearts out. Just remember holding past Dec 31st will treat you as if you closed all your positions that day and you'll be taxed on unrealized gains. Long/Short No need to pay interest or borrow shares as being short a future contract is being a writer, just like an options writer. Options Of course there are options. What fun would it be without options? Unlike stock options each contract gives different number of future contracts. Research what you're trading.
Ok. I'm convinced. I want to strat trading futures! What are some good strategies?
YOLO Strategies
Swing trading Trying to guess/predict/ride sudden market momentum. A low volume average day in the S&P 500 (/ES) for one contract can swing +- $500. Get it right and you can see a huge appreciation of value. /ES is usually highly liquid during regular hours with average volume of 1 million trades and usually bid-ask spreads of one tick. One approach is to buy or short in your direction and put in a stop loss to an amount you're comfortable to lose (say $200.) Since it's so liquid you'll likely be filled at or near your stop loss during the day if your trade goes against you. If you can guess the direction 50% of the time and have trades like this: trade 1 - gain $800 trade 2 - lose $200 Then you may profit over the time period. If you have a 50% chance of being wrong and losing $200 or 50% chance of being right and gaining $800 then over time you'll gain more than you lose. Also, since the present value of your futures contract is included in your margin calculation then if it goes strongly in your favor your position can quickly grow to cover its own margin and you can let it ride for a while. You'll want to be sure you enter a combo buy/short order along with a stop loss order simultaneously, like this for Thinkorswim. Futures can move suddenly and a sudden movement can make you lose a ton of money. Exploiting outdated SPAN margin guidelines There are several out of date correlations between popular futures like oil and say things like wheat that SPAN gives you margin credits on. Take whatever position you want in oil (/cl) then take the opposite in something that doesn't move much day to day with less volatility such as /w (wheat)) and your /cl and /w positions will get a 75% credit, giving you 50% more buying power on crude oil. (2 positions * .25 = 0.5). Trade your heart out on the more volatile future then when you're done close your safer future pair. SPAN is constantly changing but such a complex system definitely has its exploits. Automated/algorithmic trading For you programmer geeks out there it's really hard to algorithmic trade on small accounts due to pattern day trading rules and economies of scale with broker fees. Futures is probably the best way to get your feet wet. Join us on /algotrading if you want to explore more!
Boring safer strategies
I'm including these for completeness but these belong on /investing. Scalping With high frequency trading scalping is less guaranteed. Basically scalping is using tiny momentum as usually there are small micro patterns in futures buying and selling activity where it will rise or fall a couple of ticks. Since the notional value of each tick is $12.5 it's profitable for retail investors and small accounts to act as a market maker after fees at the smallest bid-ask spread possible. Spreads Just like you can trade spreads in options, you can trade calendar spreads in futures. Futures have contracts with different expiration dates and the prices are different for each month of expiration based on the market's expectations. You can go long or short the near month expiration and the opposite for the far month. This will hedge out any sudden market moves as that would likely affect both months. Bull markets in general tend to increase the price of the near month faster than the far month. Basically with a spread trade you're making a long term bet on bull or bear for the underlying future. Pairs trading You can go long in one future say the dow jones (/ym) and short the S&P 500 index and profit off the relative growth. This is a hedged trade as any market ups or downs will likely affect both positions with the same % value. For the past 180 days /ym - /es has been really profitable. Even if you don't do a full perfect pairs trade it is still a great option to reduce the leverage too on whatever index future you're trading so you can stay in longer or overnight. Interest rate and optimal leverage plays Since the $5k investment is equal to $120k of the S&P 500 index currently then you'll likely beat out the market by buying one future contract and putting $115k in safe treasuries or bonds or uncorrelated assets. Some people choose to leverage their stock portfolio and you can get the exact leverage ratio of liquid investments to future ratios. In probability theory the max leverage you can gain is determined by the Kelly Criterion which modeling shows indicates the S&P 500 index to be leveraged to 1.40x. Yes, you could do the same with options but even on SPY deep in the money call leaps are illiquid and have a time premium. Even today they are so deep ITM that the options you would need to use have 0 open interest and a bid-ask spread of $5 per share (so $500 per contract.) You'd need ~5 contracts per 120k so you're already eating $2.5k/$120k - 2% interest rate a year for that leverage. SPX isn't better, it's bid ask is 22 so you'd be eating $2.2k/$120k - 1.83% interest rate. It's doubtful you won't get much past the ask as its only market makers providing liquidity and guess what the market maker will do if you buy/sell the option? They will hedge with the underlying futures until their minimum profit is the risk free interest rate. Hedging Going long and short in various non correlated or negatively correlated assets to seek out a high sharpe ratio and have a higher risk free return that is market neutral. Basic hedge fund stuff. The variety and price efficiency of futures makes things pretty attractive in this area.
SUBCULTURE
Wallstreetbets is a community that has become infamous for the most wild west, moon or cardboard box trades on the planet earth. WSB is a place where you can take out thousand dollar loans, refinance your homes, cash advance all of your credit cards only to put it all on JNUG, and we will still love you. Your mother won't. Your father will never understand your spectrum of autism, but we will always love you. It is a uniquely beautiful community focused on praising its biggest losers as much as its biggest winners. To begin on the subculture, we should define some key moments in the sub's history.
HISTORY: (As made by u/digadiga) + my additions
2012: Jartek [+1] creates /wallstreetbets, and word slowly starts to ooze out. 2013: americanpegasus discovers pennies. AP has seen the light, and is a penny stock evangelist. Jartek & AP have an epic options vs pennies battle - they both lose a couple of hundred bucks, but we are entertained, and WSB is officially born. AP blows up his retirement, swears off pennies and moves onto bitcoins. 2014: fscomeau [+3] discovers options. He repeatedly bets five figures on AAPL calls before earnings. FS claims a supernatural clairvoyance of AAPL. FS then posts about his chest pains and ER visits. He finally suffers an epic loss. Is he dead? Is he alive? Is he is mother? Is he banned? Who cares? 2015: Photos from the 3rd annual meetup are posted. Where a bunch of dudes hang out on the romantic beaches of Guerrero Mexico. In a completely unrelated event, the wsb banner is changed to thousands of ejaculating dicks. Modpocalypse occurs. Hundreds of random users are added as moderators for a few months. None of the new mods can change the CSS. The constant whining about how "wsb isn't what it used to be" continues. Someone attempts to show how selling covered calls is idiot proof, but gets lazy, bets all six figures on Apple, and suffers significant losses. Robinhood gets popular. Should you buy one share of AMZN or one share of GOOGL? Who gives a fuck. 2016: Everyone starts saying "go fuck yourself." Except me. Because I am what I am. And if you don't like it, you can all go fuck yourselves. u/World_Chaos performs one of the more impressive yolo's of the sub, starting with 900 dollars, and turning it into 55k. https://www.reddit.com/wallstreetbets/comments/414blh/yofuckinglo_900_to_55k_in_12_days/?ref=share&ref_source=link 2017: u/fscomeau preforms what he calls "The Final Yolo", a 300k trade against AAPL before earnings (that I, u/thor303456 inversed), supposedly supposed to net fscomeau 2.5 million or so, in which he will finally stop trading. FSC is featured on several market related articles and newspapers, showing up on yahoo, etc. Later we find proof during his livestream of AAPL earnings that he was paper trading. Even later, FSC writes a near 200 page book called "Wolfie Has Fallen" describing how he trolled the entire internet, some following him into that AAPL trade. Martin Shkreli visits the sub and proclaims that GILD pharma is worth over $100 a share and is deeply undervalued.
KEY FIGURES:
Donald J Trump - He is the Marmalade Manchurian, the Tangerine Tycoon, and our spray tan Stalin. Unbelievable night of election. WSB demographics show a primarily capitalist and right wing (or at least joking to be so) point of view, and thus we are generally pro trump. In actuality though, WSB is focused on pro-market, which Trump happens to be.
u/Jartek - Founder of the sub, original yoloer. Believe he has retired from reddit for the most part. Mostly inactive.
u/Fscomeau - The Canadian as some call him, and perhaps one of the most profound internet trolls of 2016-2017. A French-Canadian trader who deals with mostly options. The man has been called "The Great Inverse", and for a good reason. Nearly all of the trades or statements he made on WSB were completely wrong or mostly wrong. Truly the strongest technical indicator.
Martin Shkreli - An idol to many WSBers, Martin stands as the master of the biotech sector. A very debated character for very stupid reasons. Martin regularly tweets about the stock market, occasionally does a youtube channel, and livestreams fairly regularly.
u/theycallme1 - Educated trader, and mod of WSB. Roasts people often and roasts them good. Ask him the questions that aren't stupid. One of the most active mods.
u/world_chaos - some fucking college student with some real net worth. Sits on 100k or so (needs verification), and was an inspiring yoloer to all, with his 900 to 55k yolo with options.
Lingo, Terminology, and Nomenclature:
The Faggots Delights - Truly the most suicidal, yet clearest shot to the moon. This term is usually used to define either weekly, or daily option plays on the SPY/SPX. Some users trade them very profitably, such as u/MRPguy and many in the past.
Cuck - Truly the worst thing you could be. A cuck is a man who likes watching his wife/girlfriend fuck other guys. Weak, spineless, and a term often throw around here.
The YOLO - You only live once. This is something that is, and should be realized as undeniably true. Why are you sitting on a 5k emergency fund that is making you less interest in a year than what I just made in 10 minutes? Why haven't you used all of the credit on your 5 credit cards or used your testicles as collateral for a loan yet? YOLO or YOLOING is as much a psychological decision to embrace absurdism, and win with everything you have while risking it all. Yolo is what it means to be a WSB trader.
Bagholding or a Bagholder - When you're stuck with the most ass trade of your life, because you know it'll go back up. A bagholder is the 59 year old guy at the grocery store who won't quit his Job because he knows he only has to wait another year until he gets a return on his investment (of his life). Anyone holding SUNEQ is the definition of a bagholder.
Autists - Something we embrace, something we call each other, something we all are. Autism isn't used in an offensive way as much as it is a generally accepted term that defines us. The best traders have autism because of their distance from emotion. I bet you never made it to this part of the reading because you're such a damn autist.
Tendies - Tendies are what you get after you make a small amount of money. "I SOLD AMD TODAY FOR A $13 DOLLAR PROFIT, GOING TO MCD's TO GET MY TENDIES". Tendie money is usually shameful and insignificant, but at least it got you tendies. Chicken tenders at McDonalds are the least expensive for the most cholesterol.
I know some of the writing was half ass, full of errors, or otherwise not the best explanation. But I believe this will serve its purpose, and maybe help to promote new ideas from moderately educated traders. WSB has very strong traders, and the most uniquely risky trading styles on the planet. Hopefully this can serve to better the overall community.
You guys are all faggots, upvote this so we can get the noobs to stop trying to bite on our cocks.
Also I'd really appreciate input on anything to add to this overall. It took my over 3 hours to write up, so I eventually grew tired and probably have missing spots.
Enjoy your time here at WSB.
EDIT: Added a shit ton of stuff, fixed errors. THANKS FOR ALL OF YOUR INPUT, ACTUALLY MAKING WSB GREAT AGAIN
MODS: Can we make this editable by others mods or something? My fingers aren't enough. Seems like this could serve as a good "official" thing. Paging u/theycallme1 u/CHAINSAW_VASECTOMY etc
submitted by Thor303456 to wallstreetbets [link] [comments]

While Heads Rolled at Deutsche Bank, These Tailors Were Sizing Up Managers for New Suits

On the very morning Deutsche Bank scheduled massive staff cuts, a series of other snips, tucks and measurements was going down in a corner of the German titan’s London headquarters.
Ian Fielding-Calcutt and Alex Riley, two up-market tailors, were on the premises of Deutsche Bank in the City of London measuring up a selection of the bank’s top managers for new suits. Elsewhere in the building staff were getting the sack.
“It was the right place, wrong time,” Fielding-Calcutt, founder of Fielding & Nicholson, a firm that sells customized suits starting at $1,500, told Fortune. “A lot of our clients work there, and worked there previously. We just got caught in the cross-fire with the media.”
A few hours later, when the tailors stepped onto the street, towing their wares in suitbags, the assembled photographers started snapping photos of them, assuming they were among the ranks of the recently fired. “The photographers were out there looking for scoops. And they’re waiting for people with bags, etcetera,” he said. It took a few hours before the case of mistaken identity was clarified, but not before their unlikely brush with infamy went national.
“Then it kind of re-exploded, because everyone was like, ‘Oh, so people are getting tailor-made suits made on the day everyone’s getting fired,’ which painted a really bad picture,” he said.
The British press, citing recruiters, estimate the cuts will impact 3,000 of the 7,000 staffers who work at the bank’s London offices, one of the firm’s biggest. Fielding-Calcutt though described the scene inside the bank on Monday morning as business-as-usual. “It was fairly normal. It wasn’t like people were running around screaming and crying. It’s a professionally run business,” he said.
Fielding-Calcutt has built the firm into one of the city’s up-and-coming bespoke tailoring firms. According to its website, it has a presence in New York and Zurich too. The firm describes a four-step process to suit-making, beginning with a consultation before moving to selecting the style of cloth, and moving on to the measurement and fitting. For top clients, the tailors come to their offices for some of the final stages, including measurement. “We work on a one-to-one basis. We don’t run it as if it’s a trading floor, measuring up 100 people,” he noted.
London’s financial sector, once the envy of Europe, has been hit hard by Brexit and the relocation of the banking giants to outposts across the English Channel. As a result, firms like Fielding & Nicholson have had to diversity their client portfolio to stay ahead. To appeal to a new clientele, Fielding & Nicholson even decided recently it would accept bitcoin for payment. “We are a traditional company, but we embrace new technology and new ways of working,” he says. If the bitcoin gambit adds up to a new market, all the better, he adds.
Fielding-Calcutt says he’s cultivated several clients at the city’s top banks over the years. While the sector has been plagued by mass firings since the 2008 financial crisis, this was the first time he’d ever been inside a bank on the day staff were being shown the door. And he hopes it’s the last.
But Fielding-Calcutt will likely be back soon. The Deutsche Bank clients they fitted on Monday were all spared, he noted. “They weren’t really connected with what was going on.”

More must-read stories from Fortune:

—Meet the A.I. landlord that’s building a single-family-home empire
—What Jony Ive’s departure means for Apple’s stock
5 things to know about Facebook’s new cryptocurrency, Libra
—Switzerland’s stock-trading standoff with the EU provides a glimpse of life after Brexit
—When the next recession hits, four good things could happen
Don’t miss the daily Term Sheet, _Fortune_‘s newsletter on deals and dealmakers.
* More Details Here
submitted by acerod1 to Business_Analyst [link] [comments]

Tens of billions in P2P funds enter cryptocurrency world with the hope of filling "capital holes" using speculation

Deleted my old post and reposting because of improper posting format on my part.
The following is a translation of Chinese news from a bit ago that didn't seem to have an English translation, but sounded like rather large news. Original Chinese text can be found here: https://news.p2peye.com/article-519039-1.html

Tens of billions of P2P funds enter cryptocurrency world with the hope of filling “capital holes” with speculation​

The P2P industry is currently experiencing the biggest shake-up in a long while, with a large number of platforms being removed or going out of business.
Following this shake-up, platforms, funds, practitioners, and investors have unexpectedly started migrating to the world of cryptocurrency.
Several quantitative investment teams on the market have expressed that they have received inquiries from P2P platforms. These platforms state that their funds number in the billions or even tens of billions, and ask whether or not it is possible to use these funds to speculate and double their value in around 3 months.
“The capital chain for a lot of these platforms are breaking down, so they want to use the cryptocurrency market to earn money and fill in the holes.” states Bing Qian, head of a quantitative investment team.
A dangerous game of desperation is currently being played.

01 A Dangerous Game
“I’ll give you $6 billion; you should use it to speculate on crypto’s secondary market.“ A month ago, Mr. Qian met a mysterious person in this manner.
They immediately wanted to give $6 billion to invest, but the most Mr. Qian had ever handled was $1 billion.
The thought of such massive amounts of money figuratively falling from the sky made Mr. Qian very excited.

He even started about the possibility of using $6 billion to initiate a “Soros attack” within the cryptocurrency market.
In the end, he made his plan: invest long in the futures market and raise the price of the coins, then short the futures market and pressure the price downward.
“$6 billion is enough to manipulate the price of Bitcoin.” Mr. Qian spend the night checking over and over again that this feat was indeed possible.
It was a classic play from the stock market playbook, but the biggest risk was whether or not another investor had even more funds to use and could enter into a game with him.

“If my opponent has more funds than me, the risk will be high, but if there is a large amount of orders, then it would be possible to increase the rate at which I’m making money.” states Mr. Qian. If his plan really succeeded, he though it would be spectacular and become a classic in the history of digital currency.

“Doubling $6 billion in half a year, I don’t think it’s hard.” After repeated calculations, Mr. Qian found that the possibility of ending in the red was low.
However, the mysterious person wasn’t ready to give Bing Qian that much time, giving him time limits such as only “three months” or “as soon as possible”.

Bing qian started to get suspicious and started questioning the source of the mysterious person’s funds, “I felt that they were very anxious, not like other big investors, who have a mentality of slowly but easily making money.”
After countless questions, the mysterious person finally admitted that they actually come from a P2P platform that ended up having billions of dollars worth of liabilities. “At most it can last another three months, after which it will implode if the liabilities and vulnerabilities at not addressed.”

In other words, they were prepared to use investors’ money to make a final “life or death” gamble.
“If the platform went under while I was handling the funds, then I might get implicated when the authorities step in and trace the whereabouts of the funds.” Mr. Qian tried to think of ways to mitigate the risk, but in the end every move would have been risky.
After hesitating for two weeks, he suddenly saw the platform appear on the news.
It had already imploded, and investors were collectively protecting their rights.
Mr. Qian was happy he didn’t accept the ticking time bomb, but then he realized, a shockingly large amount of P2P funds were entering the cryptocurrency market.
And brave teams had already accepted the funds.
“There are some worth millions and some worth billions; none of the sums are small.” Mr. Qian states. He has a peer that has already accepted a $500 million deal, and within 4 months has realized a 70% income.
The business has essentially given him financial freedom.
In the words of Mr. Qian, this is called “The deal of a lifetime”.
During such a violent shake-up of the P2P industry, a large number of platforms are trying to make money in this way. If they make money, then the platform continues operating; if they lose money, then they run away via bankruptcy.
According to the founders of several quantitative investment teams, the amount of P2P funds entering the cryptocurrency market is estimated to be in the tens of billions.
Mr. Qian reasons, “This could be the reason for the relatively large price swings in the market recently.
While a final stand might sound brave, it is actually just playing a very dangerous game.
Investors’ money being put into such a high-risk scenario, is P2P’s final gambit.


02 Steering Migration
Besides P2P platforms proactively moving money into the cryptocurrency market, a large amount of retail investors have also started to shift their battleground.
Most platforms that have gone under recently have been high-risk, high-interest rate platforms.
That is, users who are willing to use the platform tend to be less averse to risk.And this group of people naturally fits with speculators.
After these platforms collapse, investors start looking for new targets.
Cryptocurrency is currently marked as their next destination.
Ye He, an investor, recently earned millions of dollars through P2P lending and has been transferring it into cryptocurrency speculation.
“I allocate Bitcoin and Ethereum on a 7:3 scale” Mr. He states. Shortly after buying, Mr. He was pleasantly met with a surge in price.
He also states, “The speed and return is much higher than that of P2P”
According to P2Peye’s data, net outflow from the industry was valued at CNY¥11.27 billion.

Using East Silver Valley and MinDai TianXia as examples, from the time East Silver Valley came online until now, the net outflow of capital has been unmanageable, with a net outflow of $1.6 billion in March.
While MinDai TianXia does not have a net outflow, the net inflow between May and June has dropped off a cliff, severely decreasing.
In a survey done by data firms, 30% of investors said they would continue to invest in online lending, but only after regulation has been improved.
Another 20% said they no longer planned to invest in online lending, but instead switch to digital currencies.
Using this ratio, then in June there will be at least $2.2 billion in net inflows to the cryptocurrency market.
In addition, practitioners have been fleeing the online lending industry, leading to a massive transformation in demographics.
“Before, my friends were doing P2P, but now if they aren’t doing blockchain, then they are speculating coin prices.” an anonymous online lending businessman confesses; before you could see a lot online lending news within your circle of friends, but now when you look, it is mostly blockchain news.
“Since the beginning of the year, there have been constant calls from companies dealing with blockchain or cryptocurrency inviting me to interview.” an anonymous operational staff member of an online financial platform is quoted as saying.

The operations and market personnel in the online lending industry are highly sought after in the blockchain industry.
“The industries both have elements of wealth management, and have a lot of commonalities from the perspective of operations and market promotions, so we are poaching people from the online lending industry.” an anonymous HR personnel at a blockchain company states. They have already poached several senior executives.
The online lending industry is currently becoming the biggest reserve of human talent available to the blockchain industry.
“The recent wave of departures if very noticeable, with nearly 30% of online lending practitioners joining the cryptocurrency sector.“ says Lisa, a headhunter who specializes in online finance.
On the other hand, many P2P companies that have left the scene have also made great efforts to enter the digital currency field.
“A lot of P2P companies are created by real estate groups from Wenzhou or local rich owners. After they leave the P2P sector, they start to invest in or speculate on coin prices” says an anonymous P2P platform founder.
It is evident that many practitioners, platforms, and funds have started to collectively shift from P2P to cryptocurrency.


03 Where is the Road?
All money flows towards the highest possible yield.
There is currently a migration of money from P2P to cryptocurrency.
And the whole industry is starting to suffer from a shortage of assets.
A-Shares are trending downward, Hong Kong stocks are weak, and bank earnings are low, so many investors feel that their investment channels are very limited.
If the trade war between China and the US becomes more intense, then everyone’s risk aversion will undoubtedly get worse.
Last August, when the North Korean nuclear crisis escalated, South Korean conglomerates flooded into the cryptocurrency market.
At the time, the price of Ether rose 67% in two weeks, pushing it close to $300.
Back in June 2016, England formally decided to leave the European Union through a “Brexit referendum”.
Bitcoin rose 25% the same day, reaching a price of $714.
Some believe Bitcoin has a similar safe-haven quality to gold. The financial market uncertainty caused by Brexit has let people to choose Bitcoin.

While cryptocurrencies are slowly emerging as a new haven asset, it is not enough to prove that the transition from online lending is a wise choice.
“It may being jumping from the tiger’s den into the wolf’s den.” states Mr. Qian, “You need to pay tuition to get into this business.”
The unspoken rules and operations in this field are extremely complex. New, unfamiliar users metaphorically face a bloody battlefield.
And the P2P giants that have entered the field could become the next wave of victims.
“These people can’t play the coin market; they will be frisked down the moment they enter” states an anonymous person who helps P2P bosses enter the cryptocurrency market. In this sector, P2P bosses are still too naive.
The cryptocurrency market has not been friendly and welcoming towards the incoming funds, instead resisting it with everything they have.

Note:
Looking back at the online lending industry, it is not all doom and gloom.
An industry’s upward and downward trends are inevitable, as some leave, some will stay.
Some practitioners believe after this wave of closures, the remaining people will be the elite.
submitted by BUSD_official to Bitcoin [link] [comments]

Tens of billions of P2P funds enter cryptocurrency world with the hope of filling “capital holes” with speculation

The following is a translation from Chinese news that didn't seem to have an English translation, but sounded like rather large news. Original Chinese text can be found here: https://news.p2peye.com/article-519039-1.html

The P2P industry is currently experiencing the biggest shake-up in a long while, with a large number of platforms being removed or going out of business.
Following this shake-up, platforms, funds, practitioners, and investors have unexpectedly started migrating to the world of cryptocurrency.
Several quantitative investment teams on the market have expressed that they have received inquiries from P2P platforms. These platforms state that their funds number in the billions or even tens of billions, and ask whether or not it is possible to use these funds to speculate and double their value in around 3 months.
“The capital chain for a lot of these platforms are breaking down, so they want to use the cryptocurrency market to earn money and fill in the holes.” states Bing Qian, head of a quantitative investment team.
A dangerous game of desperation is currently being played.

01 A Dangerous Game
“I’ll give you $6 billion; you should use it to speculate on crypto’s secondary market.“ A month ago, Mr. Qian met a mysterious person in this manner.
They immediately wanted to give $6 billion to invest, but the most Mr. Qian had ever handled was $1 billion.
The thought of such massive amounts of money figuratively falling from the sky made Mr. Qian very excited.

He even started about the possibility of using $6 billion to initiate a “Soros attack” within the cryptocurrency market.
In the end, he made his plan: invest long in the futures market and raise the price of the coins, then short the futures market and pressure the price downward.
“$6 billion is enough to manipulate the price of Bitcoin.” Mr. Qian spend the night checking over and over again that this feat was indeed possible.
It was a classic play from the stock market playbook, but the biggest risk was whether or not another investor had even more funds to use and could enter into a game with him.

“If my opponent has more funds than me, the risk will be high, but if there is a large amount of orders, then it would be possible to increase the rate at which I’m making money.” states Mr. Qian. If his plan really succeeded, he though it would be spectacular and become a classic in the history of digital currency.

“Doubling $6 billion in half a year, I don’t think it’s hard.” After repeated calculations, Mr. Qian found that the possibility of ending in the red was low.
However, the mysterious person wasn’t ready to give Bing Qian that much time, giving him time limits such as only “three months” or “as soon as possible”.

Bing qian started to get suspicious and started questioning the source of the mysterious person’s funds, “I felt that they were very anxious, not like other big investors, who have a mentality of slowly but easily making money.”
After countless questions, the mysterious person finally admitted that they actually come from a P2P platform that ended up having billions of dollars worth of liabilities. “At most it can last another three months, after which it will implode if the liabilities and vulnerabilities at not addressed.”

In other words, they were prepared to use investors’ money to make a final “life or death” gamble.
“If the platform went under while I was handling the funds, then I might get implicated when the authorities step in and trace the whereabouts of the funds.” Mr. Qian tried to think of ways to mitigate the risk, but in the end every move would have been risky.
After hesitating for two weeks, he suddenly saw the platform appear on the news.
It had already imploded, and investors were collectively protecting their rights.
Mr. Qian was happy he didn’t accept the ticking time bomb, but then he realized, a shockingly large amount of P2P funds were entering the cryptocurrency market.
And brave teams had already accepted the funds.
“There are some worth millions and some worth billions; none of the sums are small.” Mr. Qian states. He has a peer that has already accepted a $500 million deal, and within 4 months has realized a 70% income.
The business has essentially given him financial freedom.
In the words of Mr. Qian, this is called “The deal of a lifetime”.
During such a violent shake-up of the P2P industry, a large number of platforms are trying to make money in this way. If they make money, then the platform continues operating; if they lose money, then they run away via bankruptcy.
According to the founders of several quantitative investment teams, the amount of P2P funds entering the cryptocurrency market is estimated to be in the tens of billions.
Mr. Qian reasons, “This could be the reason for the relatively large price swings in the market recently.
While a final stand might sound brave, it is actually just playing a very dangerous game.
Investors’ money being put into such a high-risk scenario, is P2P’s final gambit.


02 Steering Migration
Besides P2P platforms proactively moving money into the cryptocurrency market, a large amount of retail investors have also started to shift their battleground.
Most platforms that have gone under recently have been high-risk, high-interest rate platforms.
That is, users who are willing to use the platform tend to be less averse to risk.And this group of people naturally fits with speculators.
After these platforms collapse, investors start looking for new targets.
Cryptocurrency is currently marked as their next destination.
Ye He, an investor, recently earned millions of dollars through P2P lending and has been transferring it into cryptocurrency speculation.
“I allocate Bitcoin and Ethereum on a 7:3 scale” Mr. He states. Shortly after buying, Mr. He was pleasantly met with a surge in price.
He also states, “The speed and return is much higher than that of P2P”
According to P2Peye’s data, net outflow from the industry was valued at CNY¥11.27 billion.

Using East Silver Valley and MinDai TianXia as examples, from the time East Silver Valley came online until now, the net outflow of capital has been unmanageable, with a net outflow of $1.6 billion in March.
While MinDai TianXia does not have a net outflow, the net inflow between May and June has dropped off a cliff, severely decreasing.
In a survey done by data firms, 30% of investors said they would continue to invest in online lending, but only after regulation has been improved.
Another 20% said they no longer planned to invest in online lending, but instead switch to digital currencies.
Using this ratio, then in June there will be at least $2.2 billion in net inflows to the cryptocurrency market.
In addition, practitioners have been fleeing the online lending industry, leading to a massive transformation in demographics.
“Before, my friends were doing P2P, but now if they aren’t doing blockchain, then they are speculating coin prices.” an anonymous online lending businessman confesses; before you could see a lot online lending news within your circle of friends, but now when you look, it is mostly blockchain news.
“Since the beginning of the year, there have been constant calls from companies dealing with blockchain or cryptocurrency inviting me to interview.” an anonymous operational staff member of an online financial platform is quoted as saying.

The operations and market personnel in the online lending industry are highly sought after in the blockchain industry.
“The industries both have elements of wealth management, and have a lot of commonalities from the perspective of operations and market promotions, so we are poaching people from the online lending industry.” an anonymous HR personnel at a blockchain company states. They have already poached several senior executives.
The online lending industry is currently becoming the biggest reserve of human talent available to the blockchain industry.
“The recent wave of departures if very noticeable, with nearly 30% of online lending practitioners joining the cryptocurrency sector.“ says Lisa, a headhunter who specializes in online finance.
On the other hand, many P2P companies that have left the scene have also made great efforts to enter the digital currency field.
“A lot of P2P companies are created by real estate groups from Wenzhou or local rich owners. After they leave the P2P sector, they start to invest in or speculate on coin prices” says an anonymous P2P platform founder.
It is evident that many practitioners, platforms, and funds have started to collectively shift from P2P to cryptocurrency.


03 Where is the Road?
All money flows towards the highest possible yield.
There is currently a migration of money from P2P to cryptocurrency.
And the whole industry is starting to suffer from a shortage of assets.
A-Shares are trending downward, Hong Kong stocks are weak, and bank earnings are low, so many investors feel that their investment channels are very limited.
If the trade war between China and the US becomes more intense, then everyone’s risk aversion will undoubtedly get worse.
Last August, when the North Korean nuclear crisis escalated, South Korean conglomerates flooded into the cryptocurrency market.
At the time, the price of Ether rose 67% in two weeks, pushing it close to $300.
Back in June 2016, England formally decided to leave the European Union through a “Brexit referendum”.
Bitcoin rose 25% the same day, reaching a price of $714.
Some believe Bitcoin has a similar safe-haven quality to gold. The financial market uncertainty caused by Brexit has let people to choose Bitcoin.

While cryptocurrencies are slowly emerging as a new haven asset, it is not enough to prove that the transition from online lending is a wise choice.
“It may being jumping from the tiger’s den into the wolf’s den.” states Mr. Qian, “You need to pay tuition to get into this business.”
The unspoken rules and operations in this field are extremely complex. New, unfamiliar users metaphorically face a bloody battlefield.
And the P2P giants that have entered the field could become the next wave of victims.
“These people can’t play the coin market; they will be frisked down the moment they enter” states an anonymous person who helps P2P bosses enter the cryptocurrency market. In this sector, P2P bosses are still too naive.
The cryptocurrency market has not been friendly and welcoming towards the incoming funds, instead resisting it with everything they have.

Note:
Looking back at the online lending industry, it is not all doom and gloom.
An industry’s upward and downward trends are inevitable, as some leave, some will stay.
Some practitioners believe after this wave of closures, the remaining people will be the elite.


submitted by BUSD_official to u/BUSD_official [link] [comments]

General thought on the market, the future is past. If I may offer a logical, deep-throated, hard to swallow pill opinion.

--I made this in a private FB group, so some verbage might be off--
What are the cases for owning crypto right now? I still own some, just on a FOMO [fear of missing out] basis, but that's my 10% hopeful gamble. Notice the word I just used : gamble. Psychological intervention on my own reverb. I'm 90% out. Has anyones thoughts changed on how the market (general population/psychology) treats crypto? The market is broke. Okex is now manipulating prices (drove Bitcoin down to $4000 on futures contract when other exchanges were around $8000 - just so it could fuck with legit 'stock like' Chicago Mercantile Exchange Bitcoin Futures). Bitfinex is trying to relocate [read my posts in December about Bitfinex].
The Bitcoin system was built because the banking system couldn't be trusted, specifically. (2008) The "owners" of Bitcoin are the exchanges. Decentralization or "no regluations" has fucked Bitcoin. So, long term, no.
I found an old FUD [fear uncertainty doubt] post I made on 12-28, I saw the market collapsing so I began cashing out. The H0DLer's gambit and psychology was a human vulnerability, that one could profit on. Mr. Robot style. This human vulnerability I've seen in stocks like $AMD. A cult like following. There is reward, and then theres also risk. Cash out, as I've made the case and warnings multiple times before here, and elsewhere.
No, Ripple is not going to $5.00 heres why. Every, single, crypto, currency, currently trading is absolutely tainted by fraud and the 'index' there in that it relies itself upon Bitcoin. You cannot fund Ripple, without Bitcoin. Exchanges pumped/printed worthless Bitcoin in the excess of billions on UPWARD momentum only. Imagine, one person, spending $2B in December on Bitcoin - all at once. That's basically what happened. Except it wasn't a person, it was the worlds largest exchange by volume -- Bitfinex [volume which was manipulated, also - ever since being served a supoena by SEC in January, Bitfinex has stopped 'pumping' and the price is now 70% off from all time highs]. Now these exchanges are trying to avoid basically, what amounts to warrants, by relocating from China to Switzerland. That's not alarming.
Also - ASIC miners being made for Eth now. This war of running networks, mining the shit out of them with maximum computattional power is going to screw with Eth prices, as other miners gets out and it becomes 'centralized' mining like with Bitcoin. The power generation, and so on.. regulations will come in that form. Its getting crazy. Thoughts on that?
Sorry but I see Bitcoin going to $4000 in the short-term. Long term, read above, and also abide by historical rules and know what bubbles are. In January, everyone said HOLD. It's "seasonal" - "EVERY January this happens". You've had how many years of historical indices to predict a massive market shift and predictability of voltaility, before unrelied upon by a microscope of regulations? Ok.
Like I stated before, the market is illiquid and will forever be, because certain exchanges manipulated the market and literally, forever have changed the price and future history of the value. I have posted about this a ton. Can that system ever be trusted again? Do you see the huge price swings going on?
There are many more regulations to come. If not an outright ban. Does anything surprise us anymore? Seriously. I think that "oh shit, were living in an Orwellian state now" --thanks Facebook is quite awakening. What surprises us anymore? It further increases FUD, because anything is possible. Read 1984. Were there, except the novel should have been called 2018.
Cheers.
submitted by infectedmethod to btc [link] [comments]

If I may extend a logical, deep-throated, hard to swallow pill opinion.

--I made this in a private FB group, so some verbage might be off--
What are the cases for owning crypto right now? I still own some, just on a FOMO [fear of missing out] basis, but that's my 10% hopeful gamble. Notice the word I just used : gamble. Psychological intervention on my own reverb. I'm 90% out. Has anyones thoughts changed on how the market (general population/psychology) treats crypto? The market is broke. Okex is now manipulating prices (drove Bitcoin down to $4000 on futures contract when other exchanges were around $8000 - just so it could fuck with legit 'stock like' Chicago Mercantile Exchange Bitcoin Futures). Bitfinex is trying to relocate [read my posts in December about Bitfinex].
The Bitcoin system was built because the banking system couldn't be trusted, specifically. (2008) The "owners" of Bitcoin are the exchanges. Decentralization or "no regluations" has fucked Bitcoin. So, long term, no.
I found an old FUD [fear uncertainty doubt] post I made on 12-28, I saw the market collapsing so I began cashing out. The H0DLer's gambit and psychology was a human vulnerability, that one could profit on. Mr. Robot style. This human vulnerability I've seen in stocks like $AMD. A cult like following. There is reward, and then theres also risk. Cash out, as I've made the case and warnings multiple times before here, and elsewhere.
No, Ripple is not going to $5.00 heres why. Every, single, crypto, currency, currently trading is absolutely tainted by fraud and the 'index' there in that it relies itself upon Bitcoin. You cannot fund Ripple, without Bitcoin. Exchanges pumped/printed worthless Bitcoin in the excess of billions on UPWARD momentum only. Imagine, one person, spending $2B in December on Bitcoin - all at once. That's basically what happened. Except it wasn't a person, it was the worlds largest exchange by volume -- Bitfinex [volume which was manipulated, also - ever since being served a supoena by SEC in January, Bitfinex has stopped 'pumping' and the price is now 70% off from all time highs]. Now these exchanges are trying to avoid basically, what amounts to warrants, by relocating from China to Switzerland. That's not alarming.
Also - ASIC miners being made for Eth now. This war of running networks, mining the shit out of them with maximum computattional power is going to screw with Eth prices, as other miners gets out and it becomes 'centralized' mining like with Bitcoin. The power generation, and so on.. regulations will come in that form. Its getting crazy. Thoughts on that?
Sorry but I see Bitcoin going to $4000 in the short-term. Long term, read above, and also abide by historical rules and know what bubbles are. In January, everyone said HOLD. It's "seasonal" - "EVERY January this happens". You've had how many years of historical indices to predict a massive market shift and predictability of voltaility, before unrelied upon by a microscope of regulations? Ok.
Like I stated before, the market is illiquid and will forever be, because certain exchanges manipulated the market and literally, forever have changed the price and future history of the value. I have posted about this a ton. Can that system ever be trusted again? Do you see the huge price swings going on?
There are many more regulations to come. If not an outright ban. Does anything surprise us anymore? Seriously. I think that "oh shit, were living in an Orwellian state now" --thanks Facebook is quite awakening. What surprises us anymore? It further increases FUD, because anything is possible. Read 1984. Were there, except the novel should have been called 2018.
Cheers.
submitted by infectedmethod to CryptoMarkets [link] [comments]

What are your thoughts on Armstrong's economic predictions and theories? Will the next big crash occur on or about October 1st, 2015?

You can see his chart where he believes that our current cycle is coming to an end in a spectacular fashion, slated for the 'big one' right as the 2030's kick off:
http://i.imgur.com/na00lPZ.jpg
You can read an overview of his basic ideas at the following link, but be warned: it certainly does sound a little conspiracy-esque. That being said, he writes intelligently and his ideas warrant consideration.
http://armstrongeconomics.com/2014/05/11/uprising-against-corruption-is-the-global-trend-get-use-to-it/
"The bulk of analysts keep saying the stock market will crash and burn. The goldbugs say buy gold. The conspiracy people see some new currency emerging like bitcoin that is even less familiar to people than gold. Yet none seem to grasp that if we are headed into the worse part of this economic storm, how is some new currency going to emerge? Sorry, it is back to old-school. Getting off the grid with a diversification between movable and tangible assets."
It's quite scary to think that the next big crash could be just around the corner, but it makes a lot of sense when you look at the variables lining up: P/E multiples, global debt, international unrest, etc.
Anyway, does anyone have any substantial refutation of his many points?
I know one thing... If/when the market does crash and burn and I feel the bottom is in (Spring/Summer 2016?), you can bet AP will construct a gambit of long calls consisting of a spread of companies in the 3D Printing sector... Because shits gonna get cray cray after that.
submitted by americanpegasus to investing [link] [comments]

The Gambit Show - YouTube Earn 1.5 Bitcoin script NORBERT GAMBIT - How We Cheaply Moved Our Money Internationally  Freckle Finance Jay Severson explains Gambit.com A Fiery Gender Reveal Party, Ohio’s Bitcoin Gambit ...

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The Gambit Show - YouTube

Sign in to like videos, comment, and subscribe. Sign in. Watch Queue Queue NORBERT GAMBIT - How We Cheaply Moved Our Money Internationally Freckle Finance Freckle Finance ... Stock Market Order Types (Market Order, Limit Order, Stop Loss, Stop Limit) - Duration: 9:05 ... Earn 1.5 Bitcoin script Cryptocurrency First, what is Bittrex? Bittrex.com is a next generation cryptocurrency trading platform built and operated in the Uni... Watch Jered Kenna's latest interview with Jay Severson, CEO and Founder of Gambit.com, online multiplayer Bitcoin platform where you can wager and win bitcoins in classic skill-based games such as ... A gender reveal party sparks a wildfire, Ohio allows businesses to pay their taxes with Bitcoin, and Salvation Army bell ringers attract attention for their ...

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