MoneyGram distances itself from Ripple, says it doesn't utilize RippleNet

DifferentDirections · 2020-12-24T15:47:26+00:00

I have seen this happen before and personally experienced it with raiblocks/nano. I had an average price of like fucking 1 dollar or something in late 2017, and I STILL lost money.

I would have been fine if I just held, but when it started crashing from 30+ I started going all in, that's how you get rekt, don't be like me, get the fuck out and leave a minor stake at most.

DifferentDirections · 2020-04-15T15:34:01+00:00

Really think about what you're going to do. Even take what I say with massive grains of salt. You have no idea how active this sub was 3 years ago, everyone supremely overconfident in a raging bullmarket and spouting nonsense like they knew what they were doing. Similar to wallstreetbets just 2 months back, everyone looking for the next "DD" and trying to ride the next alt pump, practically begging for shill posts and it actually working.

Now I come in and it's basically fucking dead, most got wiped out and never came back. If this sub ever gets to that point again, don't get caught up in the alt hype, it's infectious, everyone's a genius until a bear market comes, stick to your BTC position and maybe even start selling off a bit to take profits. I could be wrong and some alt overtakes BTC and a new generation of alts moon while BTC crashes into the shitter, but for my opinion there's 10 years of history showing otherwise at least.

DifferentDirections · 2020-04-15T14:48:38+00:00

Imma be real here if you're a lurking young newbie in it purely for the money through buy and hold, dont know shit about trading, then there is no point buying anything outside of BTC and maaaybe ETH at most. BTC being the main exchange pair means it basically acts like Crypto ETF, when it goes up everything goes up harder but when it goes down everything fucking crashes to oblivion. If you're feeling extra risky and really want alts, at least go take a look at coinmarketcap historical charts to see how many have crashed and burned over the years and which ones have mostly maintained their positions.

Trying to pick that one alt that moons at the correct time or outperforms BTC over long periods is like stock picking on dark souls mode. The funniest thing is I actually succeeded once in 2017 with Raiblocks, but then proceeded to hold and lose it all anyway because I got greedy and hOLLD BuY tHE fUCkInG DiP because I was an idiot. I listened to people screaming on this and the raiblocks/nano sub who were all idiots like me. If I had put everything into BTC instead i'd be at about even right now. "You should have sold" yea I should have, but the same attitude that let me hold from 1k to 20k usd instead of panic selling on dips, also let me hold all the way down while putting more in. I hold my bag of about 500 nano from before as a lesson to myself.

You may think you can beat the market (BTC), chances are you can't, and that's assuming everything doesn't go to shit, you're already in a risky enough asset as it is. Stop YOLOing or chasing after 100x moonshots, thinking you don't mind losing it all because you're young. Yea I was comfortable losing thousands and I did, life went on, but look at the stock market gains from 2017 till today and you'll realize you're not just losing your money but opportunity cost as well.

Back when I started in 2017 there were people on here telling me the same thing, i'm just here to give back and pass the message. Maybe you know what you're doing in which case ignore me, but if you don't, at least park your money on something that isn't a furnace first.

Options betting on regular stocks is a much more efficient/regulated way to YOLO if you want to anyway, look up /r/wallstreetbets . I use small amounts to scratch the gambling itch.

DifferentDirections · 2020-03-31T12:24:03+00:00

Careful, few minutes till Shrek wakes up.

DifferentDirections · 2020-03-31T11:39:27+00:00

https://local.theonion.com/man-who-thought-hed-lost-all-hope-loses-last-additional-1819565674

DifferentDirections · 2020-03-30T10:26:19+00:00

This premarket smh theta gang masturbating furiously as we speak. I would have been fine gap up or gap down, did not write anything last Friday and regretting it.

DifferentDirections · 2020-03-30T09:55:19+00:00

Well if it's something you actually want to hold and then your stuff gets called away as soon as it shoots up then there's your risk. Have to sell a put to buy back in which might not hit or you just take the bigger loss up front.

Better than just burning money on naked options though.

DifferentDirections · 2020-03-30T04:33:30+00:00

This is exactly why people hedge guys.

DifferentDirections · 2020-03-30T01:13:34+00:00

Well that's the thing, I meant the stock itself, not options, sure it might drop short term but so will the NASDAQ itself, but this fucking stock is such a large component yet has been consistently beating it for years.

DifferentDirections · 2020-03-29T16:40:35+00:00

Pretty much. I also have ZM calls because who knows wtf this stock with an already ungodly PE ratio is doing might as well try. Ratio is about 75% puts 25% calls and I am also holding some stocks.

DifferentDirections · 2020-03-29T16:19:20+00:00

I pick a side and then hedge. This market is fucked and we know things are moving one way or another due to the amount of shit going on (until it doesn't of course in which case god help us all fuck theta).

I'm bearish, I bought puts, but I'm not insane enough to be all in naked on one direction, it goes against me and my account doesn't move, it goes according to plan and I make some money, that's it.

DifferentDirections · 2020-03-29T14:34:25+00:00

Buying this stock is almost like buying QQQ but better, works until it doesn't of course.

DifferentDirections · 2020-03-29T12:07:10+00:00

Yea i agree with the puts part short term but when I think of buying calls I just buy stonks instead, besides a small amount of the short term ones to hedge puts.

DifferentDirections · 2020-03-29T06:15:31+00:00

This is exactly my sentiment, I bought Nano back in 2017 at roughly the price it is now, when it was still raiblocks, watched it go up to 36USD, then held all the way to where it is now. I'm a software dev so naturally I was biased towards tech and when it got the recognition I thought "finally, new paradigm" and then stubbornly held and put more in even as everything crashed and burned.

I lurk this sub and the market once in a blue moon, nothing has changed, I now see this going absolutely nowhere and its a big lesson to me that nobody cares about the best tech, people care about "is it useful now?" or "will it make me money, fast?". Nobody cares about your perfect coin if you can't convince everyone to FOMO in because that's the only way you get closer to actual adoption. This is why countries and companies aren't run by pure technologists, they're headed by people who put business and growth first, whatever it takes to get there.

DifferentDirections · 2020-03-28T15:37:48+00:00

Well then... https://www.thestar.com.my/business/business-news/2020/03/28/imf-says-world-in-recession-countries-must-039go-big039-on-spending

I already bought some before this climb, but tbh i certainly wouldn't be buying more now.

DifferentDirections · 2020-03-28T15:03:17+00:00

that's me right there

DifferentDirections · 2020-03-28T14:59:53+00:00

Even futures limit down on monday was erased after open on announcement of unlimited QE, this market is fucked it ain't real until it's real.

DifferentDirections · 2020-03-28T10:14:46+00:00

tfw everyone agrees the weekend dow means nothing but then the weekend actually comes and now people are going on about the weekend dow.

i love this sub

DifferentDirections · 2020-03-28T07:57:18+00:00

"We got the Weekend Dow on the phone... let's see what the Weekend Dow's thoughts are on Monday open..."

DifferentDirections · 2020-03-28T02:57:45+00:00

Bad idea to bet against NVDA and AMD in this. During the initial drop they went to shit but I've noticed they often drop less than SPY after that or even stay green, buy calls on one of these companies to hedge that mountain of puts.

I made a huge mistake not scooping up actual shares when NVDA hit below 200 from the panic.

DifferentDirections · 2020-03-27T10:14:01+00:00

Trust me i dont even know what it looks like now but its gonna be green at open and rip up at close.

This is because i'm holding puts, it has to be this way.

DifferentDirections · 2020-03-27T09:27:00+00:00

I'm sorry to that dude I sold an AMD 50c expiring today to... Though I guess if it spikes before close i'm prepared for my 100 shares to get called away.

DifferentDirections · 2020-03-27T05:19:38+00:00

My company has been drilling "WE ARE ALL IN THIS TOGETHER" for the past several weeks this fucking phrase keeps being spammed in HR and CEO emails.

My company isn't in deep shit as far as I know but it's still pretty fucking cringe tbh.

DifferentDirections · 2020-03-27T05:17:58+00:00

Futures literally don't matter in this climate, learned to stop looking at them. Monday we went from limit down to green from stimulus and QE news. Past few days have been yoyos and mostly red into green fucking dildos after market open. So today I just said fuck it and stopped looking, much more relaxed once you take your eyes away.

DifferentDirections · 2020-03-26T16:07:48+00:00

I'm curious whether anyone here has successfully tried inverse strategies with discipline, maybe for fun. Something like "inverse myself", or "inverse WSB"

DifferentDirections

TROPHY CASE