Is anyone else here into cryptocurrency?

2cent wrote:

Cotton wrote:

2cent wrote:I wish someone, (you?), could help me figure out what's that best move, where crypto is concerned.  

In fairness to you ...without knowledge of your risk tolerance , investable assets , investor experience and  investor sophistication for due diligence it would unethical and unfair to advise you regarding investing in it.

However, i taught myself. I will say this though. Websites like the brokerage "Robinhood " harbor a wealth of knowledge, info and trade platform. It can be  hair raising but I simply love  it.  
It's here to stay.  

g
Thanks.  I won't press you, but my better question would have been to ask for a general overview of what it is, and how it works.  Sounds like Robinhood is suited to answer my question(s).  

Stay wealthy!  

Wealthy to some folks is resolving the conflict of which they defecate every morning at 6AM

Unfortunately they don't wake up until 7 AM :)

Cotton wrote:

Sprintcyclist wrote:'Where are the customers Yachts' is a great book

With the monster rally in  bitcoin the past 12 months ($16k per token to $69k as of the past few  days maybe they were able to get them out of hock. :

Pawn shop homiec
" Sir do you have any yachts"?

Yes indeed. Right next to the power tools"

Smoke em if'n you got em

Wow - $16k per token to $69k - what is that, a 400% rise?

Sprintcyclist wrote:

Cotton wrote:I am . Being a retired stock and commodity broker it's a natural fit for me as a hobby to own it , daytrade and swing trade it etc

Good on you. Cryptos have never appealed to me so I keep out of them.
I am also retired and use my investing experience to control my super funds. That has done very well so far but 'all ships float on the incoming tide.'

What are your fav investing books?

That's a good question. Its been a while since I've read an investment book. I have a knavk for identifying opportunities to create synthetic neutrals and high return covered call writes. The risk if Paritially neutralized in acaynthetpc neutral. The guy on the other side of those positions has to beat me on time , price , strike and volatilty then take my premium.



Something they likely can't do in a consistent manner






b

Yhr

2cent wrote:

Cotton wrote:

2cent wrote:I wish someone, (you?), could help me figure out what's that best move, where crypto is concerned.  

In fairness to you ...without knowledge of your risk tolerance , investable assets , investor experience and  investor sophistication for due diligence it would unethical and unfair to advise you regarding investing in it.

However, i taught myself. I will say this though. Websites like the brokerage "Robinhood " harbor a wealth of knowledge, info and trade platform. It can be  hair raising but I simply love  it.  
It's here to stay.  

g
Thanks.  I won't press you, but my better question would have been to ask for a general overview of what it is, and how it works.  Sounds like Robinhood is suited to answer my question(s).  

Stay wealthy!  

.I'm getting .ready to do a friend a favor that will entail a short drive .

I'll be.bsck witb a reply to this in an hour or so. Thank you for your patience c

Peace to da brothers, brothers

Cotton wrote:

Sprintcyclist wrote:

Cotton wrote:I am . Being a retired stock and commodity broker it's a natural fit for me as a hobby to own it , daytrade and swing trade it etc

Good on you. Cryptos have never appealed to me so I keep out of them.
I am also retired and use my investing experience to control my super funds. That has done very well so far but 'all ships float on the incoming tide.'

What are your fav investing books?

That's a good  question. Its been a while since I've read an investment  book. I have a knavk for identifying opportunities  to create synthetic neutrals and  high return covered  call writes. The risk if Paritially neutralized in acaynthetpc neutral.  The guy on the  other side of those positions has to beat me on time , price , strike and volatilty then take my premium.  



Something they likely can't do in a consistent manner

b

Yhr

............ high return covered  call writes ..............

One of the more appealing sides to market investing is options. They can be done with 100% safety.
I have bought a few calls but my patience let me down. Was very much a learning experience.
It's always something I can get back into.

Sprintcyclist wrote:

Cotton wrote:

Sprintcyclist wrote:'Where are the customers Yachts' is a great book

With the monster rally in  bitcoin the past 12 months ($16k per token to $69k as of the past few  days maybe they were able to get them out of hock. :

Pawn shop homiec
" Sir do you have any yachts"?

Yes indeed. Right next to the power tools"

Smoke em if'n you got em

Wow - $16k per token to $69k - what is that, a 400% rise?

.it aure is
400% and some change. I remember the price tally started. I was having a convo with a friend.. he asked about crypto. I told him " I think st this point everyone that can ve pushed out, forced out, fear selling etc is largeiy out. Markets do not bounce up in price because all buyers woke up together. Markets bottom from a depletion of sellers . I also told him there is no news etc that means anything at the moment do. I said " bottom line is I can think of no two reasns for the markets to ignite.
I proceeded with "the market Is the collective. Since the collective Is made up of humans that do not desensitize its ran l mostly by emotions and the path it takes is perverse as hell so go against the Grain. Iow, bet the damn ranch "

Within the hour crypto and stocks both began the trajectory up that is where we are now. I was so happy with myself I was like "Lawd Cotton feelin it now


My own Mama so ugly she thought she was yo mama :)!


Slm

Long story short there

2cent wrote:

Cotton wrote:

2cent wrote:I wish someone, (you?), could help me figure out what's that best move, where crypto is concerned.  

In fairness to you ...without knowledge of your risk tolerance , investable assets , investor experience and  investor sophistication for due diligence it would unethical and unfair to advise you regarding investing in it.

However, i taught myself. I will say this though. Websites like the brokerage "Robinhood " harbor a wealth of knowledge, info and trade platform. It can be  hair raising but I simply love  it.  
It's here to stay.  

g
Thanks.  I won't press you, but my better question would have been to ask for a general overview of what it is, and how it works.  Sounds like Robinhood is suited to answer my question(s).  

Stay wealthy!  

Do you know what  you get  in Arkansas and Tennessee if you hit a wheelchair?

50 bonus points.......snicker

Enough warm up bsnd on to crypto

I'll try to  explain it in simple  terms.

First of all is the message  of bitcoin which is " decentralized  medium of exchange  aka  as:" defi " . Means that the govt nor banking entity controls it. Therefore it cannot be diluted with additional units as fiat currency  can. . It is finite in that regard. Its 1 party payment to party 2. It moves via a block chain.. blockchain is a method of verification.  It's anonymous.  Secure

It's  purpose is to be anon. It also is a manner of avoiding fees on international exchanging of different currencies it can be held in a digital wallet or held by an exchange.
I keep mine on the exchange.  I convert it to cash or cash to crypto in seconds then employ its use via wre transfervit debit card . If I'm in checkout  line etc it takes only seconds to convert crypto  to cash. The true beauty is if you say bought bitcoin aka "BTC" for  say 20k and  you make a purchase you are paying With an inflated profuct.if you ste spending on anything.
The money worth  60k that was procured for 20k but currently has 60k plus  buying power.  Amazing
Other side is if you had 60k of fiat currency it's worth less now. Diluting currency  via the addition of additional units has made  the fiat currency  worth less. Therefore More Is required.

Cotton is worn out. I need to check the 24 hour Markets , shout out to a friend DC m. Fire up some tunes,  fix a drink need to do another round of research  for a legal matter as family differences  has now progressed to a court  hearing.
 Oh boo hoo how sad  lol

I'll put.out some more  crypto stuff later.

I shut the hell up   and my noggin said   " Thank you farmboy "

7

Cotton wrote:I am . Being a retired stock and commodity broker it's a natural fit for me as a hobby to own it , daytrade and swing trade it etc

I don't see the value in a private fiat; and I don't see that strings of digital code, meet the test of "what is money" put forth by von Mises.

Money, to be workable as money, must be physical - have a property; not a promise and not a string of code only readable by a computer plugged into 120V AC and the Internet.

And it must not be duplicable. Unlike, say, a Bureau of Engraving print run. Or unlike a CTRL+PRNT order.

We don't know the code. But we do know the code came up out of nowhere. Nobody sacrificed any wealth to create it.

We can't know if it is duplicable. Only that we cannot duplicate it - but that doesn't mean, within the code, it's not duplicable.

And we DO know, that both buyer, seller and infrastructure must be up to do an exchange in this code.

I have had to wrestle with this. There's a few good reasons to get into bitcoin; but the drawbacks are so extreme, that barring international flight, I don't think I want my money tied up in that circus of autistic clowns.

Sprintcyclist wrote:

Cotton wrote:

Sprintcyclist wrote:

Cotton wrote:I am . Being a retired stock and commodity broker it's a natural fit for me as a hobby to own it , daytrade and swing trade it etc

Good on you. Cryptos have never appealed to me so I keep out of them.
I am also retired and use my investing experience to control my super funds. That has done very well so far but 'all ships float on the incoming tide.'

What are your fav investing books?

That's a good  question. Its been a while since I've read an investment  book. I have a knavk for identifying opportunities  to create synthetic neutrals and  high return covered  call writes. The risk if Paritially neutralized in acaynthetpc neutral.  The guy on the  other side of those positions has to beat me on time , price , strike and volatilty then take my premium.  



Something they likely can't do in a consistent manner

b

Yhr

............  high return covered  call writes         ..............

One of the more appealing sides to market investing is options. They can be done with 100% safety.
I have bought a few calls but my patience let me down. Was very much a learning experience.
It's always something I can get back into.

Selling covered calls, out of the money calls etc is like selling  air short

Delta neutrals require selling (writing) calls and puts.  

Simplified : stock or commodity delta neutrals Is not complex.

Stock A is $100 per share  

If you Short a $ 120 call on it and then short an $80 put you are now delta neutral. Say you sold each one for  $10 As long as the range of the stock sta $ 22 is less than $120 ( strike plus more web lll  and greater than $80 both options  expire worthless.  That's great because you are Short both .it's a margin Trade too

A ""synthetic " neutral consists of converting units to capital . You then set the perimeters of the trade via strike prices.

You convert units to capital .

The Max profit is the price between 120 and 80 at expiration as your.
You make the $20.over $80 And under the the $120 as u have  already collected $20..
At 130 you are even on the 120 valley girls yo sold for $10 sre added to the  m
Mix

Goodnight

"Dream on ". Written by Steve Tyler at age 15

" Dream until your dreams come true "

Boston marathon tribute