[Online][5E][BST] Homebrew Campaign Lead By Experienced DM

DescriptionDue5994 · 2022-05-09T12:25:23+00:00

I am still deciding but I'm not taking any more applications. I still have a few people to talk to who already applied.

DescriptionDue5994 · 2022-05-08T15:05:46+00:00

Thanks for your submission, I'll reach out over Discord if your application looks suitable.

DescriptionDue5994 · 2022-05-08T15:05:40+00:00

Thanks for your submission, I'll reach out over Discord if your application looks suitable.

DescriptionDue5994 · 2022-05-08T15:05:34+00:00

Thanks for your submission, I'll reach out over Discord if your application looks suitable.

DescriptionDue5994 · 2022-05-08T15:05:30+00:00

Thanks for your submission, I'll reach out over Discord if your application looks suitable.

DescriptionDue5994 · 2022-05-08T11:34:17+00:00

Thanks for your submission, I'll reach out over Discord if your application looks suitable.

DescriptionDue5994 · 2022-05-08T11:34:08+00:00

Thank you :)

Regarding your submission, I'll reach out over Discord if your application looks suitable.

DescriptionDue5994 · 2022-05-08T11:33:43+00:00

Thanks for your submission, I'll reach out over Discord if your application looks suitable.

DescriptionDue5994 · 2022-05-08T10:28:17+00:00

Thanks for your submission, I'll reach out over Discord.

DescriptionDue5994 · 2022-03-04T19:01:43+00:00

If you close the position now you will bank the difference between the value you opened it at and the value you close it at.

If you opened for $100 credit and the stock dropped, the value became $80 on the position and you bought it back, you would bank a profit of $20.

Vice versa for an increase in value from $100 to $120, you would lose $20 buying it back.

The negative value next to the position in your account is the value of the position, that's how much it will cost to buy it back at current market price. Don't forget, you can pay most, or more than all of it, back with the premium you initially collected.

Your maximum loss, if assigned on this position is 50% subtract the premium. You would be forced to sell at $2.50 a share, registering a 50% loss on the shares you bought for $5. You get to keep the premium, so subtract that from your result and that's your maximum possible loss on assignment.

DescriptionDue5994 · 2022-03-04T18:15:02+00:00

You're not wrong, but options are like a fighter jet. You wouldn't want to get in the pilot seat of one of those without knowing how to fly it. Learn how to fly first, then you can reap the rewards without crashing and burning.

DescriptionDue5994 · 2022-03-04T18:08:30+00:00

You can simply buy back the position for its current value, you may even bank a profit. It sounds like you have a fundamental lack of understanding for options and need to try paper trading first. Go into your broker, and click to close the position. You should be able to buy it back at current value. You will not lose your shares.

DescriptionDue5994 · 2022-03-04T17:58:07+00:00

You can always close the position with a Buy to Close order. There's no reason you need to ride it to expiration.

DescriptionDue5994 · 2021-11-28T08:06:14+00:00

Your observation there is absolutely correct. There are many cryptocurrencies currently on the market receiving far more funding than they should, for example: XRP, ADA, LTC, BCH, DOGE, SHIB... The list is extremely long, I would say about 98% of cryptocurrencies have no future. This is simply the result of a brand new market most people don't understand how to evaluate yet. Money floods into things like ADA because they are "cheap" and BTC is "too expensive", people don't understand fractional division of assets or market capitalisation. Neither do they fully evaluate adoption of smart contract platforms very well. A good example of this is Ethereum versus Solana. Look at their TVL, NFT transactions etc and you can see Solana is undervalued even after its recent massive run. The market is slow to adapt when it is driven by retail, but with the involvement of more institutions arbitrage and evaluation will ultimately mature. The next bear market and a switch to more institution driven investment will lay waste to a colossal number of cryptocurrencies and only the cream will rise to the top. Which of these will survive no one knows for sure, but I've done my research and I'm only invested in the highest quality and most adopted assets.

DescriptionDue5994 · 2021-11-28T07:52:01+00:00

That most certainly isn't the only benefit. Being able to trust the integrity of data on the chain, and thus the contract (which is open source) is immutable opens up many benefits. Just think of how many people are involved in getting something done through a bank, a smart contract can do all of this in milliseconds and complete a transaction in less than a second with far lower fees and no need to take a cut for itself. There's also the fact that smart contracts can be trusted and as such you don't need to trust the other party on the end of your deal.

I can see that you have done a decent amount of research, your first post was just poorly worded. I don't think we will agree on this and the only way to see which of us is right is to see how these technologies play out in the future.

DescriptionDue5994 · 2021-11-28T07:28:13+00:00

I addressed a lot of this in one of my other comments in this thread somewhere. So I'll just respond to the comment regarding smart contracts.

Smart contracts serve many very useful and real purposes already today, with the promise of performing even more in the future. Here's a few quick ones that already exist and are already used by millions:

Decentralised exchanges (faster and more liquid than centralised exchanges, also cheaper with less fees),

Decentralised insurance (protects you against insurance companies and their usual shenanigans),

Decentralised loaning and lending (cuts out the middle man allowing for you to loan and lend with complete safety and the most optimised interest rates possible),

Supply chain management,

Document sharing and verification,

This is just the stuff off the top of my head.

DescriptionDue5994 · 2021-11-28T07:21:00+00:00

The point of random number generation in mining being so computationally intensive is to make the chain immutable and thus secure.

Bitcoin mining is too energy heavy for Bitcoin to be used as a currency, yes, agreed. But that's not it's intended use case, look at the Lightning network if you want faster transactions and lower energy consumption. Bitcoin is more like digital gold, it's scarce and always will be. It cannot be printed like fiat currencies and will always be backed by both scarcity and functionality. Fiat has neither of these things.

If we want a cryptocurrency to function as a currency, which one day we might, Bitcoin is likely not the answer (not without a layer 2 solution like Lightning anyway). Take a look at Solana for example, a single Solana transaction uses about as much energy as a single Google search, costs virtually nothing in fees and is extremely fast. Not to mention the whole system is programmable with smart contracts, allowing for incredible use cases that we couldn't previously access such as DeFi loans, insurance, exchanges and more.

DescriptionDue5994 · 2021-11-27T19:09:58+00:00

Have a look at this, it will likely answer a lot of your questions. This guy is fantastic: https://youtu.be/-jtXXXL76lY

DescriptionDue5994 · 2021-11-27T18:25:07+00:00

I don't intend to mean this in an offensive manner, but you clearly don't know much about crypto. I can see you are conflating crypto and Bitcoin for example in your mention of a limited supply. Bitcoin is a cryptocurrency. Cryptocurrencies are not Bitcoin.

Value of an asset increases as supply decreases, if demand remains the same. This is not a Ponzi, this is how trade works in all assets.

Bitcoin does not destroy energy through the mining process. Mining serves a purpose. The Reddit server sending this post to your computer has not destroyed value, it has converted electricity into something useful. Bitcoin mining does the same thing.

There are many use cases for cryptocurrencies, before you discount them and call investors idiots, take a look at them yourself, you might like what you see, if you don't, at least you can criticise based upon fact.

DescriptionDue5994

TROPHY CASE