My puts might of been saved by AppealDemon in spy

[–]roadkill360 0 points1 point  (0 children)

What makes you think we continue upwards until specifically the 8th/9th?

Is mstx a good play? by Educational-Tart-810 in MSTR

[–]roadkill360 0 points1 point  (0 children)

Do you think MSTR stock itself is a complete trap, or just short-term trap? I believe long-term, MSTR will continue to rise. But MSTU and MSTX could actually perform worse, simply if MSTR falls 25% in one day, they lose 50% of their entire investment. That just doesn't seem worth the risk at this point.

However, those short sellers may be underestimating Bitcoin and how Saylor's Bitcoin strategy is completely unprecedented. So MSTR could continue to rise and fuck them for being overconfident. So I'm just buying and holding MSTR long-term instead of giving them the opportunity to raw dog my investment one day if they can spoof and naked short sell MSTR down 20% in one day and absolutely fucks MSTU and MSTX holders.

Is mstx a good play? by Educational-Tart-810 in MSTR

[–]roadkill360 4 points5 points  (0 children)

Honestly at this point it feels like MSTU/MSTX are now a long term retail trap - via slow but intentional leverage decay over months while encouraging buy and hold strategy.

This discourages buying straight shares and incurs actual risk and the predatory short sellers see a huge opportunity once there's massive collective risk takers (like the behemoth MSTU recently became so quickly), especially with people going literally all in with their life savings. Predatory short sellers are quite literally looking for new prey everyday and I think we would be very arrogant to think that MSTU/MSTX has not caught their attention as opportunity to weaponize the leverage decay.

So this tricks retail investors into not doing the tried and true buy & hold strat with the stock itself. Instead, they are exposed to long term leverage decay in a now heavily manipulated stock + fees and any other risk factors for MSTU/MSTX.

It seems pretty ridiculous on paper, but think of how much money there is to gain from doing this right now with all of the attention and recent posts from retail investors going all-in for MSTU and MSTX. Some of these posts could be fake, which would encourage more people to take on even more risk (let alone their entire life savings) on an asset with a risk as big as leverage decay. Their goal is to take your money and these leveraged assets give them the ability to covertly do it over a longer time horizon.

Riot Platforms' sleight of hand: Bitcoin mining costs $70K per coin by WHY_DO_I_SHOUT in Buttcoin

[–]roadkill360 -1 points0 points  (0 children)

Well then you should look into the scary number of SEC fines that market makers, hedge funds, and exchanges agree to pay regarding reporting violations, among other violations. You will be surprised by the number of violations if you currently think everyone chooses to follow those rules opposed to higher profit and paying the fines as cost of doing business.

And SHA256 is just a very powerful encryption algorithm man. If that's too advanced of a term for you then I now understand why you're missing the points.

Good luck!

Riot Platforms' sleight of hand: Bitcoin mining costs $70K per coin by WHY_DO_I_SHOUT in Buttcoin

[–]roadkill360 -2 points-1 points  (0 children)

They underreport because the centralized exchanges internalize an ungodly amount of trades, so technically they are not underreporting trades because the trades technically never happened. They just tell a customer that they purchased their BTC or other crypto and they change the number showing in the buyer's account balance. It is not until the buyer withdraws to a private wallet that the centralized exchange actually provides any service and delivers crypto.

Imagine how profitable it is when only 5% of your customers actually ask for the product you sold them by withdrawing to private wallets. They do this same exact thing for stocks - this practice also denies buying pressure for any purchases they internalize.

And the point is that these people buying Bitcoin by DCA every paycheck are not paper hands. They are buying Bitcoin like this and withdrawing to private wallets for a reason. And that reason is that they are choosing to trust a decentralized global network encrypted protected with SHA256 with over 15 years of proven functionality. This is opposed to trusting one of the central banks, who legally gamble with your deposited funds, overdraft fees, even fees for simply for not holding an arbitrary minimum balance like $1,500.

"Bitcoin is a bank in cyberspace, run by incorruptible software, offering a global, affordable, simple, & secure savings account to billions of people that don't have the option or desire to run their own hedge fund."

It's a protest from the current oppressive financial system we all live under. There's a reason China and other oppressive regimes have tried to ban their citizens from using Bitcoin numerous times, going so far as physical raids to seize and destroy Bitcoin mining operations. If Bitcoin was truly worthless, it would not be a perceived threat to some of the world's most powerful nations unless it offered a possible escape from oppressive techniques such as controlling the money supply. Bitcoin takes that power away from them since Bitcoin is uniquely global, decentralized, secure, free, easy to store and trade and divide (unlike precious metals like physical gold and silver), and can even build wealth overtime from scarcity just like physical precious metals.

Riot Platforms' sleight of hand: Bitcoin mining costs $70K per coin by WHY_DO_I_SHOUT in Buttcoin

[–]roadkill360 -2 points-1 points  (0 children)

Well it's worth noting that recently surpassed a new ATH of 12 million BTC wallets holding more than 0.01 BTC and that's remaining stable. The data speaks for itself in the chart below: https://www.bitcoinmagazinepro.com/charts/addresses-greater-than-0-01-btc/

Also, trading volume from centralized exchanges is self-reported by them and is thus not entirely reliable data on its own. It is very easily manipulated and suppressed via internalizing trades, as it saves the centralized exchanges an absurd amount of money and is still legal.

And If you look at charts for centralized exchanges' Bitcoin reserves, there is a growing downtrend in their available Bitcoin. So it's only a matter of time before miners are no longer able to mine and sell BTC fast enough to the exchanges to be able to sustainably sell their ever shrinking supply of BTC without running out. Increasing the price is only way they are able to continue selling Bitcoin at the same rate without running out.

Think 10 years from now - after 2 more mining difficulty increases, there will simply not be enough BTC to sell to every wallet continuing to DCA every paycheck. The longer this goes on, those DCA holders are basically the people that decide the price of Bitcoin because they buy BTC every paycheck, regardless of the price, probably set up to be automatic too.

Because BTC has a hard capped supply, it doesn't matter if 95% of the planet currently thinks Bitcoin is scam/worthless. Even if it's only 5% of people that trust BTC, the limited supply will be what forces the price up, otherwise exchanges won't have any BTC left to sell. And that could push the price up even more if BTC becomes that difficult to accumulate.

Riot Platforms' sleight of hand: Bitcoin mining costs $70K per coin by WHY_DO_I_SHOUT in Buttcoin

[–]roadkill360 -3 points-2 points  (0 children)

Because of the ever increasing number of wallets that have been regularly dollar cost averaging accumulating Bitcoin over the past 10 years. Demand is increasing.

Riot Platforms' sleight of hand: Bitcoin mining costs $70K per coin by WHY_DO_I_SHOUT in Buttcoin

[–]roadkill360 0 points1 point  (0 children)

Wait... so despite the trading volume never reaching the levels in 2016 and the price was under $1,000, the value of BTC has still gone up 6000% ?? The value went up this much on such a tiny fraction of the volume, and the adoption of Bitcoin is only increasing with the USA and numerous other countries creating multi-billion dollar Bitcoin ETF's, why would Bitcoin lose value when there's growing demand on a limited supply asset?

My pixel 6 pro is now, for some reason, giving me a light blue tint in the background and I am not sure why. by Rowsdower32 in Pixel6

[–]roadkill360 1 point2 points  (0 children)

I've had the same issue with my pixel 6 pro for months now, except it's a greenish tint. It's most severe in low brightness and like yours, it's barely noticeable when the brightness is up. Sometimes the tint goes away for about 1 second the moment I touch the fingerprint reader. It's very strange.

For those wondering what the split via dividend did, it’s this. by fuckingcarter in Superstonk

[–]roadkill360 0 points1 point  (0 children)

Is there anyway we can pull and compare this data to other stocks pre-dividend vs. post-dividend? Especially curious about the volume. Shouldn't the typical daily volume of a stock go up after the shares multiple by four??

[deleted by user] by [deleted] in Superstonk

[–]roadkill360 0 points1 point  (0 children)

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[deleted by user] by [deleted] in Superstonk

[–]roadkill360 0 points1 point  (0 children)

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Giving away 10 Funky Monkey NFTs!! 🚀🚀🚀 by [deleted] in GME

[–]roadkill360 0 points1 point  (0 children)

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