• Xenforo Cloud is upgrading us to version 2.3.8 on Monday February 16th, 2026 at 12:00 AM PST. Expect a temporary downtime during this process. More info here

Economy stonks v16, can't spell ludicrous without lucid.

brackis1 said:
MSTR did the same shit: outsized huge move then underperformed after. It popped in particular today off a CNBC interview yesterday.
Click to expand...


Mstr has less than doubled in the same time which is what got me thinking about RIOT.
 
mkess101 said:
I seriously know Jack shit about crypto but I was in the car last night and they happened to be interviewing the CEO of RIOT.

Basically what he said is that they got ahead of the curve on mining equipment and tech and are better at it than anyone else. So they are getting BTC at a discount as long as they stay in front of everyone with the mining.

Again I know fuck all about it but if what he's saying is remotely true that would explain them outpacing BTC itself.
Click to expand...


Thats interesting...at least they have a competitive advantage
 
It's funny tho cause I think bitcoin is a retarded TSLA-style "let's throw so much money into building a dream cult that we reach some critical herd-protection of delusion-buyers", I still hope one of my fintech spacs im deep on gets some crypto shit so I can dump shares for 40%+ gains on some shitstick redditor lol
 
Great just what we need, Gary V telling us about the world on CNBC. Praying for the day an airconditioner comes loose near him lol. Dude is a Frank Caliendo version of himself with his absurd cadence and nonsense huckster strategy of clinging onto random fadtech.

I own some of his business affiliate's SPAC OCA lol.
 
Last edited:
brackis1 said:
It's funny tho cause I think bitcoin is a retarded TSLA-style "let's throw so much money into building a dream cult that we reach some critical herd-protection of delusion-buyers", I still hope one of my fintech spacs im deep on gets some crypto shit so I can dump shares for 40%+ gains on some shitstick redditor lol
Click to expand...


So whats your plan? Increase your short position as it goes higher?
 
lol fuck I decided not to buy any ALTU when I looked at it a few weeks ago and now they might be merging some cool new aerojet co w/ boeing backing and up 25%:( (deal prolly sucks ass, 3 bil val, not gonna have till 2025)
 
Last edited:
Probably not the place for a prolonged discussion about crypto in general, but I gotta say I've never been able to figure out how the "currency" part of it can work.

It's value spazzes around like a kid with severe ADD hopped up on Mountain Dew and meth. Yeah it's mostly going up for now but it's still the farthest thing from stable. So how the hell would anyone ever buy anything with it?

"I'll buy that car for .87346 btc. No wait .84923. No hold on .88576."

I mean....how can something so volatile be any sort of "currency". Am I missing something?
 
I feel like the EV market (excluding CCIV) is slowing down a bit.. Also if Lucid does indeed merge with CCIV, we may see a lot of investors pulling money from other EV to pour in Lucid. Retarded at this valuation but I can see it happening.
 
Gas121 said:
Few oil stocks earnings are coming up this and next week. May sell some off.

Contemplating allocating a 40% YOLO on a stock which I am very confident will do well long term. Its a long hold +5 years for sure. The question is which stocks shall I sell lol
Click to expand...
I'm about two months away from holding a stock (UAL) for one year. LT gain!

This stonk shit is much more fun when you aren't thinking out further than the next Friday...
 
lol fuck my dick some sat-data spac deal with some old spac I had looked at put ignored. So many deals and no big cheddar for me
 
On a side note bought QS at yesterday's lows. Really like that hitter long term
 
BIKES! said:
I'm about two months away from holding a stock (UAL) for one year. LT gain!

This stonk shit is much more fun when you aren't thinking out further than the next Friday...
Click to expand...

Buy and hold is no doubt the best strategy. I think many do not have the discipline though... Last year I made some disasterous sells nio and plug under $10. But when to sell is also an art of the game.

This market is also difficult with all the moons going on lol
 
mkess101 said:
Probably not the place for a prolonged discussion about crypto in general, but I gotta say I've never been able to figure out how the "currency" part of it can work.

It's value spazzes around like a kid with severe ADD hopped up on Mountain Dew and meth. Yeah it's mostly going up for now but it's still the farthest thing from stable. So how the hell would anyone ever buy anything with it?

"I'll buy that car for .87346 btc. No wait .84923. No hold on .88576."

I mean....how can something so volatile be any sort of "currency". Am I missing something?
Click to expand...

It'll become a legitimate currency when it's valued more as a medium of exchange rather than a speculative interest. In the meantime, faith in it's rise in value will allow it to be used as payment. Eventually that might tip the balance.
 
mkess101 said:
Probably not the place for a prolonged discussion about crypto in general, but I gotta say I've never been able to figure out how the "currency" part of it can work.

It's value spazzes around like a kid with severe ADD hopped up on Mountain Dew and meth. Yeah it's mostly going up for now but it's still the farthest thing from stable. So how the hell would anyone ever buy anything with it?

"I'll buy that car for .87346 btc. No wait .84923. No hold on .88576."

I mean....how can something so volatile be any sort of "currency". Am I missing something?
Click to expand...
No you aren’t. It’s also mined by a computer idly. It’s stupid.
 
EV/energy is about get rocked. Premarket looks horrid..
 
What time is the hearing today?

Edt: Noon eastern
 
Last edited:
kahiljabroni said:
Down 10% premarket
Click to expand...
Down 12% from 81 ;)

Also reshorted some MVIS when it was up 4% postmarket yesterday and just closed it down 3% lol.
As long as my spacs dont get their ass totally kicked it will be a good day.

TSLA cutting prices on their cars too, to meet that amazing "unlimited demand" Elon claims rofl.
 
You must log in or register to reply here.

Latest posts

Forum statistics

Threads
1,281,607
Messages
58,380,511
Members
176,017
Latest member
KTFOPerformance

Share this page

Back
Top