Economy Stocks thread v28: in loving memory of Rob Mafia and Brackis1

So if you have a failing business model- GME, DJT, NMAX, etc. you take a ton of your investor's money and you buy a "crypto reserve" and voila all your problems are solved.

NMAX, which has lost 60% of its value in 6 months, announced they are doing just that - Company's Board Authorizes Strategic Purchases of up to $5 Million of Bitcoin and Trump Coin

yup TRUMP COIN.... Which skyrocketed to about $45 on launch in 1/25 and has lost its way down to $5.91 as of today

Why would any investor in a video game store, or Truth Social, or a conservatie new outlet want them buying these assets instead of simply buying them directly and not being saddled with the money losing middleman company?

If BTC, which is down a bit this week, continues to drop steadily, it will take out a lot more than just some over leveraged Robinhooders.

If Crypto blows up, and there is nothing to stop it from blowing up except the greed of our fellow man, there will be worldwide financial chaos.

I'm praying for a steady slow unwinding of crypto assets. The total destruction of most meme and alt coins, and BTC to find a reasonable and stable valuation that removes trillions of dollars of risk and volatility in what is supposed to be underpinning our financial well being.

But the greed of our fellow man seems infinite, so the greater fool theory may keep us afloat for a while at least.
 
toasty said:
So if you have a failing business model- GME, DJT, NMAX, etc. you take a ton of your investor's money and you buy a "crypto reserve" and voila all your problems are solved.

NMAX, which has lost 60% of its value in 6 months, announced they are doing just that - Company's Board Authorizes Strategic Purchases of up to $5 Million of Bitcoin and Trump Coin

yup TRUMP COIN.... Which skyrocketed to about $45 on launch in 1/25 and has lost its way down to $5.91 as of today

Why would any investor in a video game store, or Truth Social, or a conservatie new outlet want them buying these assets instead of simply buying them directly and not being saddled with the money losing middleman company?

If BTC, which is down a bit this week, continues to drop steadily, it will take out a lot more than just some over leveraged Robinhooders.

If Crypto blows up, and there is nothing to stop it from blowing up except the greed of our fellow man, there will be worldwide financial chaos.

I'm praying for a steady slow unwinding of crypto assets. The total destruction of most meme and alt coins, and BTC to find a reasonable and stable valuation that removes trillions of dollars of risk and volatility in what is supposed to be underpinning our financial well being.

But the greed of our fellow man seems infinite, so the greater fool theory may keep us afloat for a while at least.
Click to expand...
Speaking of Crypto Crappo, Ben McKenzie's new documentary, Everybody Is Lying To You For Money (about Crypto), should be out soon. It's been played at festivals and has been well received.
 
toasty said:
So if you have a failing business model- GME, DJT, NMAX, etc. you take a ton of your investor's money and you buy a "crypto reserve" and voila all your problems are solved.

NMAX, which has lost 60% of its value in 6 months, announced they are doing just that - Company's Board Authorizes Strategic Purchases of up to $5 Million of Bitcoin and Trump Coin

yup TRUMP COIN.... Which skyrocketed to about $45 on launch in 1/25 and has lost its way down to $5.91 as of today

Why would any investor in a video game store, or Truth Social, or a conservatie new outlet want them buying these assets instead of simply buying them directly and not being saddled with the money losing middleman company?

If BTC, which is down a bit this week, continues to drop steadily, it will take out a lot more than just some over leveraged Robinhooders.

If Crypto blows up, and there is nothing to stop it from blowing up except the greed of our fellow man, there will be worldwide financial chaos.

I'm praying for a steady slow unwinding of crypto assets. The total destruction of most meme and alt coins, and BTC to find a reasonable and stable valuation that removes trillions of dollars of risk and volatility in what is supposed to be underpinning our financial well being.

But the greed of our fellow man seems infinite, so the greater fool theory may keep us afloat for a while at least.
Click to expand...

Nailed it. This has been the trend and Grift this year. Create a crypto reserve and you're business is 'back on track'. It's one big game of hot potato with Grifters trying any trick in the book to pump stock price and salvage something.

A quick look at crypto coins performance YTD under this pro crypto administration and it's not all that great.

It's probably a case of who can time the top and exit before this all goes to mush. I've got a few bro's that packed up jobs to trade full time and are leveraging in risky investments. For now it's just buy the dip and it vertical lines bro lol. Eventually once they program the machines to not buy the dip anymore, the Chicken comes to Roost and many will get vaporized.
 
Anyone have an option on VOOG?
I opened up a Fidelity taxable brokerage account. I have a 5% match 401k, Roth ira, crypto, 529
I contribute enuff to put myself into the 12% tax bracket..married filling jointly

This would be money that I never spent on retarded shit
0% on long term capital gains
 
Rob, I have to liquidate a 200k inherited ira from 2000.
I have to start taking money.

I need a place to park it so to speak. the advisor there sucks.
 
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