All things STOCKS

#17,426
#17,426
Go aeiou said:
Why do you want it to be anonymous?
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The theory of anonymity was nice in that the .gov didn't know one aspect of your financial life. However, they proved that the blockchain inviolability was a myth when they tracked down those Russian hackers a few years ago. They have immense computing power at their disposal and will use it to steal what they want from you. The only remotely 'safe' thing is to use cash, and even that is suspect. Just wait until they impose a digital currency that they control on us. Gonna be an epic disaster for anyone not in the club.
 
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#17,427
#17,427
Thunder Good-Oil said:
I’m cautious that it might have been created by China and they could pull the plug on or disrupt it at some point. Maybe that’s tin foil hat theory, but somebody or something is behind it.
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Thunder Good-Oil said:
You’d think 16 years into it there’d be a more factual historical origin than an anonymous person called Satoshi Nakamoto.
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That's an interesting theory. I resisted BTC for a long time, but now I think it is a legitimate vehicle if for no other reason than it is widespread. I don't believe the tulip bulb fiasco applies with it, and I doubt it ever goes to zero. But... could the Chinese be behind it? who knows, but it doesn't make up a huge portion of my portfolio, so I can afford it if it does.
 
#17,429
#17,429
SpaceCoastVol said:
The theory of anonymity was nice in that the .gov didn't know one aspect of your financial life. However, they proved that the blockchain inviolability was a myth when they tracked down those Russian hackers a few years ago. They have immense computing power at their disposal and will use it to steal what they want from you. The only remotely 'safe' thing is to use cash, and even that is suspect. Just wait until they impose a digital currency that they control on us. Gonna be an epic disaster for anyone not in the club.
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That's where I'm at too. The crypto crowd is naive when they think the government will not or cannot track someone down when they really want to. They are incredibly incompetent...when they want to be or when there is little incentive for them to be competent. They found the Silk Road guy too. Not by tracking his movement of bitcoin per se, but by narrowing him down other ways. This whole "I use bitcoin, so they'll never find me" thing is hilarious.
 
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#17,434
#17,434
23 and me is filing for bankruptcy? Isn't that interesting.

I wonder what they are going to do with all that information they now have.
 
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#17,436
#17,436
I don’t know if stats support it, but it seems like stocks run up before April 15th and then take a dive as retail investors are investing their annual IRA contributions and tax refunds.

Sell in May and go away?
 
#17,437
#17,437
Thunder Good-Oil said:
I don’t know if stats support it, but it seems like stocks run up before April 15th and then take a dive as retail investors are investing their annual IRA contributions and tax refunds.

Sell in May and go away?
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The last few summers have gone green (I think) because volume has been down so much. I don't think this applies anymore because of major changes in investing since 2008.
 
#17,441
#17,441
mrorange211 said:
I'm buying at close again today.
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I think it will bottom around 2 or 3pm. Then a little rally into the weekend. FOMO is becoming more of the mood than fear of further downward damage. Sellers have to be getting harder to find other than the selling into rallies. I’m no trader, but it looks like a bottom is forming IMO. There’s less knee jerk reaction every time Trump says something that affects the near term economics negatively. The long term result (US jobs and manufacturing) ought to be getting clearer. Or else the worldwide economy will tank if POTUS’s policies don’t take.

Looks like Canada and the EU are trying to team up and push back. But they both depend on the US’s generosity to continue helping their economies.
 
#17,442
#17,442
Thunder Good-Oil said:
I think it will bottom around 2 or 3pm. Then a little rally into the weekend. FOMO is becoming more of the mood than fear of further downward damage. Sellers have to be getting harder to find other than the selling into rallies. I’m no trader, but it looks like a bottom is forming IMO. There’s less knee jerk reaction every time Trump says something that affects the near term economics negatively. The long term result (US jobs and manufacturing) ought to be getting clearer. Or else the worldwide economy will tank if POTUS’s policies don’t take.

Looks like Canada and the EU are trying to team up and push back. But they both depend on the US’s generosity to continue helping their economies.
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I also think this is a rumor/news event. I expect next week (April 2) to be green because I think the bad news of tariffs i priced in atp. Any ray of sunshine will lead to a bull rush. We'll see.
 
#17,443
#17,443
What happen to the Navy’s next gen fighter announcement? Everything I read it was this week, did I miss it or bad news info? I’ve got to get in on the winner and the loser.
 
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