Bad Crypto Investing Advice

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Furious
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Re: Bad Crypto Investing Advice

Post by Furious »

AMC finished at 9.18! Another victory!

To sum up the craziness:
cavalry 2021-03-01_15-01-11.jpg
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Furious
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Re: Bad Crypto Investing Advice

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And seconds after the closing bell...
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And I'm not the only one who thought it odd:

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Who sold? A hedge fund or a desperate wealthy day trader :lol: :lol: :lol:
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Ophelia's Vengeance
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Re: Bad Crypto Investing Advice

Post by Ophelia's Vengeance »

Furious wrote: Mon Mar 01, 2021 9:06 pm AMC finished at 9.18! Another victory!
It appears they like the stock.
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Furious
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Re: Bad Crypto Investing Advice

Post by Furious »

Ophelia's Vengeance wrote: Mon Mar 01, 2021 10:21 pm
Furious wrote: Mon Mar 01, 2021 9:06 pm AMC finished at 9.18! Another victory!
It appears they like the stock.
FYI: "I don't know what's going on but I like the stock" is a joke about people hodling AMC for the squeeze.
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Furious
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Re: Bad Crypto Investing Advice

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toozday 2021-03-02_11-30-01.jpg
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Nothing exciting, unless you're a day trader and made the mistake of buying in at 8:30AM CST. $2k drop in 2-1/2 hours.

Prediction? mmm... I don't think it'll go much lower today. Rise back up to the 48s.
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Furious
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Re: Bad Crypto Investing Advice

Post by Furious »

The S&P 500, Bitcoin, and AMC all took a dip within the same 3 minute time period!

*koffMANIPULATIONkoffkoff*
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Furious
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Re: Bad Crypto Investing Advice

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wednesday 2021-03-03_9-34-16.jpg
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Bitcoin's up, rest of the market's in the pooper while hedgies hedge and scalpers scalp.

Guessing BTC may tap 48K one more time before staying above 50k long term.
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Furious
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Re: Bad Crypto Investing Advice

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o look im right 2021-03-04_14-31-47.jpg
o look im right 2021-03-04_14-31-47.jpg (34.97 KiB) Viewed 1867 times


Hedgies still devaluating everything so it's time to LASH OUT IN RAGE!


https://www.youtube.com/watch?v=gAYL5H46QnQ
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Furious
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Re: Bad Crypto Investing Advice

Post by Furious »

Layers of Bullsh*t I Can Barely Comprehend Dept.

Today's Subject: Non-Fungible Tokens (NFTs)

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Using this definition, NON-fungible means something that cannot be replaced or duplicated, like my sparkling personality.

(Note: I'm explaining this loosely. Google this crap if you want to get pedantic :P) How this relates to blockchain stuff is that the NFT is a digital code which can be embedded into a crypto blockchain making the thing associated with the NFT unique.

Think of baseball cards (showing my age... ugh). Think of FUNKO POPS. Some are rare and can be traded for exorbitant prices in the secondary market. However, it's is likely the rare figures are not unique -- why would the publisher spend the time to only manufacture one pop? -- so not only does someone else has your Arctic Snorglepuss but even worse, a creep could be making illegal copies of your Arctic Snorglepuss, depreciating it's value.

With NFT's, companies and artists link their work (sometimes physical, also can be completely digital) to crypto blockchains, validating it's authenticity, uniqueness, and all the previous owners of the item. This can be a good thing for collectors, like if CGC -- Certified Guaranty Company they're comic book quality evaluators -- would add a NFT to their comic grading analyses making ultra-rare items like misprints and signed books more valuable. But of course, this also opens the door for money laundering fraud and complete garbage speculation.

To demonstrate this insanity, later tonight I'm going to purchase a piece of digital art that is embedded with an NFT. There's a bunch of hoops for me to jump through and I think a lot of art has a silent F in front of it, but I'm going to go through this like I'm buying and registering a CGC graded comic book.

This could be a disaster. Stay tuned. :P
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Furious
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Re: Bad Crypto Investing Advice

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NFT purchase LONG STORY SHORT:
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Lots of hoops. Lots. Of. Hoops.
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