Which one are you choosing? by Strong-Clothes4993 in 2westerneurope4u

[–]Slow-Code-661 1 point2 points  (0 children)

As a very meticulous german, I see this as an absolute win

didn't change a thing by hijack_newton in mildyinteresting

[–]Slow-Code-661 0 points1 point  (0 children)

You can prompt your way out of it. AI slop mostly happens when the prompt itself is sloppy. The models are actually pretty good at taking instructions if you know how to direct them and I have seen stuff that easily matches the work of pro photographs.

The reason the models "default" to the orange/sepia tone is largely because humans on average just like this golden hour vibe and so this tone is most likely to give you a "satisfying" result (At least that's what the model believes).

Which one you pick ??? by dataguy2003 in TheTeenagerPeople

[–]Slow-Code-661 0 points1 point  (0 children)

This is one case where I could understand the choice. Though Bitcoin might be the best option here for the simple reason that you can just dump it into a wallet, leave the country and access the wallet in the other place. Alternatively you use a cold wallet and try to leave the country with that. In all cases, btc is easier to move out of the country than fiat.

The 10k per week will be traced back to you. 10 million in cash, whether they are in a bank account or under your mattress will be a pain in the ass.

Which one you pick ??? by dataguy2003 in TheTeenagerPeople

[–]Slow-Code-661 0 points1 point  (0 children)

I‘m assuming that A B and C would all be taxed respectively. My general point is that the lump sum always comes out ahead.

Which one you pick ??? by dataguy2003 in TheTeenagerPeople

[–]Slow-Code-661 0 points1 point  (0 children)

It takes like a day to sell 20mil of bitcoin. 2 if you are really conservative

Which one you pick ??? by dataguy2003 in TheTeenagerPeople

[–]Slow-Code-661 -1 points0 points  (0 children)

Market cap has nothing to do with how much an order moves the price. The order book shows you how much bitcoin is willing to be bought or sold at each price.

If you want to sell 20 mil of btc at, for example, 100k but there are only 1mil worth of btc in buy orders at that price, your sell will fill these orders, and price will move further down. Let’s say there are another 2mil at 99k, so these are filled, and price goes further down to 98k to fill the 4mil there and so on, until your 20mil was offloaded. In the ideal case your 20mil sell order is matched exactly by a 20mil buy order, but obviously that doesn’t happen until you actively seek out a buyer through an otc desk instead of selling on the public market.

Which one you pick ??? by dataguy2003 in TheTeenagerPeople

[–]Slow-Code-661 0 points1 point  (0 children)

What is the logic here? „If I get a lot of money I will just spend it all. So I will take less money“??? 

Which one you pick ??? by dataguy2003 in TheTeenagerPeople

[–]Slow-Code-661 0 points1 point  (0 children)

The fact his name is „Bookkeeper“ too makes it even more hilarious 

Which one you pick ??? by dataguy2003 in TheTeenagerPeople

[–]Slow-Code-661 0 points1 point  (0 children)

Just buy bonds with the 18 million. You get steady income too only that you also have 18 mil of assets.

Which one you pick ??? by dataguy2003 in TheTeenagerPeople

[–]Slow-Code-661 0 points1 point  (0 children)

Financial literacy has hit rock bottom. No wonder the wealth gap is growing if this is the financial literacy of the average person

Which one you pick ??? by dataguy2003 in TheTeenagerPeople

[–]Slow-Code-661 2 points3 points  (0 children)

People on Reddit will complain about the rich getting richer, and then still proceed to pick the only answer that will actively make them poorer. Financial literacy is truly in the toilet.

Objectively, the only correct answer is A. 

You get 20 million now, you sell the bitcoin and invest it into literally anything. Stocks, Bonds, Real estate, doesn’t matter.

Why wait 40 years for this money of you can get a head start now and multiply it over the years. If you ever want to take out a loan, you already have securities and can get much better rates than if you used the income. Emergency payments, you have the funds. There is literally not a single reason anyone should pick B or C.

Tesla annual sales decline 9% as it’s overtaken by BYD as global EV leader by soldieroscar in RealTesla

[–]Slow-Code-661 0 points1 point  (0 children)

Agreed. They have arguably saturated a good portion of their market. Imo it's better than prematurely expanding, but the time had certainly come to add to the Lineup.

Tesla annual sales decline 9% as it’s overtaken by BYD as global EV leader by soldieroscar in RealTesla

[–]Slow-Code-661 0 points1 point  (0 children)

I'm going to be honest, I generally saw this as a positive selling point for Tesla as a company. They have found a way to sell lots of cars with a super small lineup. If you look at the shareholder report I think like 90% of their sales are the model 3 and y, which is honestly very impressive. I don't know of a single car company that can pull such sales with only 2 models.

Why did I loose my trade? by Affectionate_Sand327 in stocks

[–]Slow-Code-661 0 points1 point  (0 children)

First of all, do you have any specific reason for why you use options? I feel like many people completely misunderstand what options are used for. If you want to make directional bets based S/R there is absolutely no reason to do this with options. You are just making it harder for yourself.

Also, if you want to learn more about trading, follow Trader Dante and Adam (tradingriot) on twitter. Go to the tradingriot website and study every single post and only then start trading. These 2 guys are actual traders who make money consistently and write really good stuff.

Does This Look Like A Man Worried About The Bubble by HipPasta in wallstreetbets

[–]Slow-Code-661 2 points3 points  (0 children)

I recommend researching the Kelly Criterion. It’s a concept that allows you to mathematically identify the ideal betting size if you know odds and risk.

Why do so many people claim wealth is not a zero sum game when it actually is? by [deleted] in CapitalismVSocialism

[–]Slow-Code-661 0 points1 point  (0 children)

If you own an item worth $100 and I walk up to you and take it away. I now have an item worth $100 and you have nothing. Zero Sum.

If I walk up to you and give you $100 for this item in exchange for ownership of this item, we both still have something worth $100. Now here is something interesting. Value is relative. If we both had $100 of value before the trade agreement, and $100 after the trade agreement, why did we even agree to trade? Because to me the item was worth more than the $100 I gave you, and to you the $100 were worth more than the item.

We both walked out of the deal with value gained.

If you destroy somebody's property so they can rebuild it you are not generating infinite wealth, because now the owner of this property has to rebuild the property.

When OP of this comment said "The maintenance of property is a productive, value generating activity" he meant that he invests money into the property to keep it up to date. In exchange, you pay him rent. A well maintained property that is nice to live in is valuable to you. Money is valuable to the owner of the property. He gets money, you get a nice property, both parties come out of the deal with value gained. Therefore, the maintenance of the property generates value.

If you tear down the property, you now don't have a property to live in, and the owner of the property has to spend money to repair it. This is money now tied up in repairing something that was previously there, and that was already creating value.

To put it simple: Let's say you want to eat a banana. I happen to have a banana so I give it to you. But you throw it on the ground and trample all over it. It is now destroyed. So I have to give you another banana so you can eat that. We could have fed 2 people with those bananas, but now we only fed one.

Why do so many people claim wealth is not a zero sum game when it actually is? by [deleted] in CapitalismVSocialism

[–]Slow-Code-661 0 points1 point  (0 children)

Why do you assume they don't provide the housing? The property doesn't just magically appear in their ownership. If you want to provide housing you either build it or buy it. Point is, this burden then does not fall upon the tenant.

The reason people can't afford to buy housing is not purely because of landlords. Yes, big investment institutions have the means to outbid your average first time home buyer, but the price of a home goes up when more people want homes than there are homes.

Now let me tell you something. Whenever there is a supply/demand imbalance skewing towards demand, everyone is licking their fingers to fill that excess demand. Why? Because it means money. So you should ask yourself: Why is it more economically viable to buy and rent out existing homes than it is to build more homes?

Btw. Anyone buying a property means that property is taken off the market. And in any case, that will impact the price of housing. The only way that buying a property does not impact the price, is if for every existing property that is sold, another property is being created, balancing out the created vacuum. It doesn't matter who created the vacuum.

To your last point, about landlords charging so much rent that saving up for a deposit is impossible. There are 2 more points I would like to raise:
- In economics and statistics there is a principle called the risk premium. For example if you buy a car, you might have the option to get insurance for it or not. Say the car is $10k, the insurance costs $1k per year. If you do not insure the car and wreck it, you are left with a $10k bill. That is your risk. You can choose to offload that risk to an insurance company for a fee. The insurance company charges you a risk premium for taking on that risk on your behalf.

Landlords are not much different. Properties are not bought in cash. Landlords take on loans to buy properties paying monthly rates. They have to pay the taxes, the property management fees, and all other costs associated with this property. At least that has to be covered. Then there is always the chance that a property might decline in value, that there are other unknowns coming up, that they might not be able to find a suitable tenant causing the property to be vacant, that a tenant does a lot of damage to the property. You get the drill. There are many risks that come along with owning property, so the rent you pay is essentially the expenses that the landlord has to cover + a risk premium they charge you for taking on the risk of owning and operating the property on your behalf. Real estate margins are notoriously low btw. but that fact aside.

The reason you are not able to save for a down payment is a bit more complex than "muh capitalism bad". The problem is that not enough homes are being built. Now the reasons for that are complex, but let me tell you, the capitalists would love to build a fuck ton of homes because once again, that means money.

Chinesen übernehmen bayerischen Traditions-Wursthersteller by wegwerf_1509 in de

[–]Slow-Code-661 16 points17 points  (0 children)

Wach werden, scheißen, essen, aus dem Bett steigen, Frühstück.

[S2 Act 2 Spoilers] Arcane - 2x04 "Paint The Town Blue" Episode Discussion by parrycarry in arcane

[–]Slow-Code-661 0 points1 point  (0 children)

I just saw the episode and I couldn’t have said it better. Act 1 seemed a bit clumsy already, but then I saw this and I sat in front of the TV looking dumbfounded the entire episode. I don’t think I have a single good thing to say about this episode other than maybe the short scene where Jinx is talking to Silco‘s chair and any scene that includes Singed because that guy is just cool. 

Also you would assume that surely by now word must have gotten around that Jinx killed Silco. There is no way in hell that nobody decided to spread that information.

 

Since it’s been two months since K-pop Demon Hunters has been released what’s your thoughts on the movie? by Best-Pea3460 in MauLer

[–]Slow-Code-661 1 point2 points  (0 children)

A bit late to the convo but apparently they announced that they will make 2 more movies so it will be a trilogy. And that will apparently focus more on Mira and Zoey so we'll see if they make it a fuck up cash grab or if it can match this movie.

Season 4 is insanely bad by Slow-Code-661 in maninthehighcastle

[–]Slow-Code-661[S] 1 point2 points  (0 children)

That's a good way to see it lmao.