Current Affairs Stocks and shares and stuff

[Chewbacca]

Don’t use it, never have. But the federal government stance is stupid. It should absolutely be legalized and taxed. I think it’ll get there in the next 5 or so years.

Realistically though, it’ll be up to the states, as it currently is. Same as sports betting. That was legalized federally but has only been instated in 20 or so states so far.

All any human behaviour that has gone on since time immemorial and that needs a “war” to control it should be legalised and taxed.

They won’t due to huge profits for corporations and certain private individuals that prosecute the “war”

 

[Sassy Colombian]

Don’t use it, never have. But the federal government stance is stupid. It should absolutely be legalized and taxed. I think it’ll get there in the next 5 or so years.

Realistically though, it’ll be up to the states, as it currently is. Same as sports betting. That was legalized federally but has only been instated in 20 or so states so far.

I use it and even grow my own plants along with my tomatoes during the summer but even if I didn't I would still find the federal stance very stupid. It makes no sense for weed to remain a federal offense that can be charged as a felony when it usage is less damaging than alcohol, a legal drug. What's even more baffling about the government stand is their position towards hemp, US farmers could be growing this precious plant for so many uses that could replace the constant need of cutting trees for paper.

While you are right that realistically it is going to be up to the States, as it has already been happening. It is time for the federal government to adjust their laws toward Marihuana as states make it legal.

 

[nikom court]

Good point and as the other user said it is simply not scalable to be used as a proper payment system. It never will be. I think most bitcoin maxis would probably agree too.

I have been following one crypto called HEX which is very interesting. It looks to replace the CD/Bonds/ISA market which is worth trillions. I looked at setting up an ISA and the rates they offer you are really quite pathetic. HEX offers a pretty good interest rate whilst removing the banking class middlemen.

hex is the brainchild of a guy called richard heart,he is a marketeer from london.
i actually got some for free as when he issued it,he gave billions to bitcoin holders in a free airdrop.
i had to stake it for 12 months then i sold for bitcoin on his next pump.
to get the good interest rate you have to stake it,if you need or want to cash out there are massive penalties!
it runs on the eth blockchain and is totally dependent on eth,do plenty of research and be carefull or you will get rekt!

 

[DuuuncanHadaPigeon]

hex is the brainchild of a guy called richard heart,he is a marketeer from london.
i actually got some for free as when he issued it,he gave billions to bitcoin holders in a free airdrop.
i had to stake it for 12 months then i sold for bitcoin on his next pump.
to get the good interest rate you have to stake it,if you need or want to cash out there are massive penalties!
it runs on the eth blockchain and is totally dependent on eth,do plenty of research and be carefull or you will get rekt!

Yes I am well aware and have lots of HEX staked for many years I have done lot's of research. Richard Heart is from Florida as far as i'm aware...

It runs on the eth network now but can be ported to a different network if for some reason eth goes down.

 

[LinekersLegs]

 

[carolinablue232]

I do hope his name plate at the hearing says Roaring Kitty.

 

[Wizard]

I do hope his name plate at the hearing says Roaring Kitty.

More likely for them to use that than DeepF---ingValue. Sadly they will probably just go for his boring actual name (no offence to any Keiths or Gills on here)

 

[Yarrgh]

More likely for them to use that than DeepF---ingValue. Sadly they will probably just go for his boring actual name (no offence to any Keiths or Gills on here)

He'll always be DFV to me!

 

[Sassy Colombian]

"The proposed class action against Gill, who adopted the YouTube nickname “Roaring Kitty,” was filed Tuesday in federal court in Massachusetts. The suit said Gill was actually a licensed securities professional who manipulated the market to profit himself. Gill touted GameStop shares through an extensive social media presence on Youtube, Twitter and Reddit, where he used a more profane alias."

‘Roaring Kitty’ Sued for Securities Fraud Over GameStop Rise

Keith Gill, one of the most influential voices that pushed GameStop on the WallStreetBets Reddit forum, was hit with a lawsuit that accused him of misrepresenting himself as an amateur investor and profiting by artificially inflating the price of the stock.

www.bloomberg.com

 

[ChesterBlue]

rumoured Apple is considering following Tesla, that will really make ChesterBlue's day.

Stop harassing me without even tagging me in things you little prick. I’ve not even posted in this thread

 

[evilwebby]

I congratulate anyone who has held onto their cryptos and sitting on what must be very handsome profits by now. I must admit that while I remain skeptical and am not tempted to chase it, those who have kept the faith in it have been handsomely rewarded. I still maintain that it is not an investment but a speculative gamble.

I'm OK with not holding cryptos. Errors of omission are not something that you can look back on. The important thing is that your portfolio is well positioned even if you are wrong about something. If I'm wrong about crypto I'll be just fine.. but those all-in on crypto should ask themselves the question "what will happen if I'm wrong?"

 

[Yarrgh]

I congratulate anyone who has held onto their cryptos and sitting on what must be very handsome profits by now. I must admit that while I remain skeptical and am not tempted to chase it, those who have kept the faith in it have been handsomely rewarded. I still maintain that it is not an investment but a speculative gamble.

I'm OK with not holding cryptos. Errors of omission are not something that you can look back on. The important thing is that your portfolio is well positioned even if you are wrong about something. If I'm wrong about crypto I'll be just fine.. but those all-in on crypto should ask themselves the question "what will happen if I'm wrong?"

Trailing stop losses will see them just fine.

You are right though. Putting all your eggs in the crypto basket has paid off handsomely recently, but they could all go south in the blink of an eye, or even go into a supercycle upwards. That's a gamble. I'd diversify some of the gains made if I was fortunate enough to be in that boat.

 

[evilwebby]

Trailing stop losses will see them just fine.

You are right though. Putting all your eggs in the crypto basket has paid off handsomely recently, but they could all go south in the blink of an eye, or even go into a supercycle upwards. That's a gamble. I'd diversify some of the gains made if I was fortunate enough to be in that boat.

In theory yes. In practice human emotion make you do the opposite; you tend to double down on something that has gone down, while selling out of something that is going up. That's why trading is such a mindf$£%k. You know what you are are supposed to do; actually doing it is much harder because it is always an emotional exercise, not an intellectual one.

 

[nikom court]

I congratulate anyone who has held onto their cryptos and sitting on what must be very handsome profits by now. I must admit that while I remain skeptical and am not tempted to chase it, those who have kept the faith in it have been handsomely rewarded. I still maintain that it is not an investment but a speculative gamble.

I'm OK with not holding cryptos. Errors of omission are not something that you can look back on. The important thing is that your portfolio is well positioned even if you are wrong about something. If I'm wrong about crypto I'll be just fine.. but those all-in on crypto should ask themselves the question "what will happen if I'm wrong?"

iv been all in btc for about 3 years now,
iv been researching crypto since about 2014 but always found an excuse (its a scam,tulips,run by china,scaling,etc etc) to buy any until 2016.
i made a few mistakes at the start,diversifying for just the sake of it was one!
iv ridden it from 600 to 20,000 to 3000 to 13000 back to 4000 to where we are today,
it been one hell of a ride!
i personally think theres too many of the big boys involved now,its on the balance sheets of the worlds biggest institutions.for me personally ill carry on DCA until 2034 stashing the lot on my trezor,cash the lot in,take care of my family and have a good last 15 years or so!

 

[Mrk]

I congratulate anyone who has held onto their cryptos and sitting on what must be very handsome profits by now. I must admit that while I remain skeptical and am not tempted to chase it, those who have kept the faith in it have been handsomely rewarded. I still maintain that it is not an investment but a speculative gamble.

I'm OK with not holding cryptos. Errors of omission are not something that you can look back on. The important thing is that your portfolio is well positioned even if you are wrong about something. If I'm wrong about crypto I'll be just fine.. but those all-in on crypto should ask themselves the question "what will happen if I'm wrong?"

I've started adding a little bit of crypto to my portfolio and intend to dollar cost average for a while to see where it takes me - but as a long-term investment I can't ever see it overtaking equities for me. Chasing returns over sound long-term investments in anything never ends well. Can't hurt to have a little exposure though.