Look how the underlying asset evolves before opening an option position. Not jump in at the minute Greg puts out his "tip". I noticed that, more often than not, it goes down from the moment Greg recommends the trade. He trades trends, not bottoms ("thats's for loosers").
Thank you for responding. As a newbie I am trying to decide which trading account to use. I know Greg now uses Fidelity over TD Ameritrade. Do you have a preference? Thanks again.
- You need miners and miners have to be rewarded. Complexity of PoW keeps increasing and thus you need more electricity and more power to mine it. So more rewards are needed. Theoretically as transaction -> infinity means bitcoin to zero
- There are 2000 cryptos and more coming. Same technology and new name. Supply is unlimited
- Bitcoin is not a legal tender. Google what legal tender means
- Cryptos can be banned because they can and are being used for money laundering
- Cryptos do not pay interest. Instead you pay to the miners. And as transaction reaches infinity, payments reach infinity.
- Everyone is buying because they want to sell it to a greater fool for higher price.
When I ask these questions people say no you do not understand. What is it that I do not understand? I have linked original bitcoin paper. You guys can read it.
Yes I have made a few thousands going long but that's just momentum.
yes. but they can launder without crypto. They can fill the suitcase with cash and go. Who can stop them. However, they don't want anyone else to launder and Bitcoin facilitates that
Think, Cryptos will be banned on the long run. But not here and not now. We have to watch the Centralbanks progress in creating their own Crypto"currency". „Estcoin“ is the frontrunner in Europe.
The president of the European Central Bank, Christine Lagarde, mentioned that the bank could introduce its own digital currency. This would not necessarily mean that the EU would abandon cash and the euro. This year, the decision on whether or not to introduce a digital currency could be made. Introduction of the digital euro could take 4 years.
> Cryptos will be banned on the long run. But not here and not now.
I agree with that
>Centralbanks progress in creating their own Crypto"currency".
They will never create crypto. They will only create digital euro. Fixing total Euros to 21 million ? WHAT ? No way. Who will pay for millions in state visits and state dinners ? Euros will be printed unlimited in digital form also. So is dollars and yens etc
Digital currency Euro is totally different than crypto
A 'few' years back had you questioned the validity of using tulip bulbs as a currency (aka means of exchange) you would've also been told 'you do not understand'. Between real interest rates < 0.00%, and lots of cash sloshing around, **any** trade that can make a 'profit' is game (as long as there's a greater fool to sell to).
but the momentum is up and the blow off top has not happened. So this is not the reason to short. In fact I play gbtc on the long side but sell quickly
Gregory You care so much for everyone. I am finally zero debt on disability income. Now I got 2 learn how 2 invest and become the stud you are mentally, physically, spiritually and emotionally
I hope you guys waited before making your trades ...
Yes, I have learned to wait, the hard way.
What do you mean waited before making trades? I am a newbie. Thanks.
Look how the underlying asset evolves before opening an option position. Not jump in at the minute Greg puts out his "tip". I noticed that, more often than not, it goes down from the moment Greg recommends the trade. He trades trends, not bottoms ("thats's for loosers").
Thank you for responding. As a newbie I am trying to decide which trading account to use. I know Greg now uses Fidelity over TD Ameritrade. Do you have a preference? Thanks again.
I'm not in the USA. Can't really advise on this topic. Don't go to Robinhood, they front run their clients.
Thanks again. I was just considering that for ease for newbie. I appreciate your time.
Bitcoin Question:
Here is the original paper from https://bitcoin.org/bitcoin.pdf and here are my questons:
- You need miners and miners have to be rewarded. Complexity of PoW keeps increasing and thus you need more electricity and more power to mine it. So more rewards are needed. Theoretically as transaction -> infinity means bitcoin to zero
- There are 2000 cryptos and more coming. Same technology and new name. Supply is unlimited
- Bitcoin is not a legal tender. Google what legal tender means
- Cryptos can be banned because they can and are being used for money laundering
- Cryptos do not pay interest. Instead you pay to the miners. And as transaction reaches infinity, payments reach infinity.
- Everyone is buying because they want to sell it to a greater fool for higher price.
When I ask these questions people say no you do not understand. What is it that I do not understand? I have linked original bitcoin paper. You guys can read it.
Yes I have made a few thousands going long but that's just momentum.
"Cryptos can be banned because they can and are being used for money laundering"
^^^ That's the best reason NOT to ban Cryptos. Ask yourself who are the biggest money laundery criminals ...
yes. but they can launder without crypto. They can fill the suitcase with cash and go. Who can stop them. However, they don't want anyone else to launder and Bitcoin facilitates that
Think, Cryptos will be banned on the long run. But not here and not now. We have to watch the Centralbanks progress in creating their own Crypto"currency". „Estcoin“ is the frontrunner in Europe.
The president of the European Central Bank, Christine Lagarde, mentioned that the bank could introduce its own digital currency. This would not necessarily mean that the EU would abandon cash and the euro. This year, the decision on whether or not to introduce a digital currency could be made. Introduction of the digital euro could take 4 years.
> Cryptos will be banned on the long run. But not here and not now.
I agree with that
>Centralbanks progress in creating their own Crypto"currency".
They will never create crypto. They will only create digital euro. Fixing total Euros to 21 million ? WHAT ? No way. Who will pay for millions in state visits and state dinners ? Euros will be printed unlimited in digital form also. So is dollars and yens etc
Digital currency Euro is totally different than crypto
https://panamapapers.org/
A 'few' years back had you questioned the validity of using tulip bulbs as a currency (aka means of exchange) you would've also been told 'you do not understand'. Between real interest rates < 0.00%, and lots of cash sloshing around, **any** trade that can make a 'profit' is game (as long as there's a greater fool to sell to).
but the momentum is up and the blow off top has not happened. So this is not the reason to short. In fact I play gbtc on the long side but sell quickly
Gregory You care so much for everyone. I am finally zero debt on disability income. Now I got 2 learn how 2 invest and become the stud you are mentally, physically, spiritually and emotionally
full or partial disability?
Full
What trading platform do you recommend for a newbie these days Greg? Still Fidelity?
https://www.google.com/amp/s/www.nytimes.com/2021/04/13/us/politics/johnson-johnson-vaccine-blood-clots-fda-cdc.amp.html
Hi Greg, Are you still holding JPM BAC and TWTR?
Am 3D Systems long now.
Bought directly the Stock, not a Call or something.
Strategy: Wait and see.
https://www.3dsystems.com/