Yeah I’m gonna need more information about this beer room.
I know someone who is still HODLing 5 btc he bought at 17k USD after he had previous bought 1 at about 4k and thought he was a god. Also he described daytrading as him paper profiting due to daily price increases. I’m fairly sure he never sold a single coin/ripple etc the whole mania. He also bought 10k ripple at the literal top which he still holds. Actually got a loan from his dad to buy right at the peak. Grim grim stuff (obviously rich family white guy so none of it effects him in the slightest).
I never held overnight and rarely more than an hour. Really reduced the stress. Sell all positions for profit and go out for the night and start over in the free money casino the next day.
Was there a way to bet against anything? Or you just bought then sold during the day?
On a lot of fairly high volume coins the bid ask spread was 2-3% alone. The bots eventually ruined it but it was glorious for a bit.
I know the feeling
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It’s the room in my basement where I’ve basically been spending all my time for the last 6 months.
On the right is my desk - that’s been my home office workspace since March.
TV and couch
Some of the beer storage, plus mess.
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2021 post covid meet up at Spidercrabs!
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I second that, we need a few more for a quorum but let’s make this happen.
You should just stop shorting Apple and give me all your lambic. It’d be a better financial decision.
Do you climb up into the ceiling and play Mission Impossible?
If I had a place like that I’d put up blue filters with puffy clouds over those lights - and make sure the fluorescent lights at sunlight temperature. I kind of do that in my place now to simulate a skylight. I have windows at both ends - but it gets a little dark and cave-like in the middle w/o my skylight.
I guess if you want to get really fancy you could have sunlight temp for daytime and warmer for night time.
That’s all you need. You don’t have to have windows - you just have to trick your brain into thinking it’s seeing daylight. (Yes I see the small Laverne and Shirley basement windows.)
Totally awesome mancave.
Don’t think I’ve ever seen acoustical ceiling tile in a house before.
You clearly didn’t go to college in Kirksville, MO.
At some point real inflation will become a necessity because the US government is essentially poor. And the inflation helping creditors aspect is the only way out barring default and default would be a much bigger disaster then double digit inflation.
So at some point interest rates will have to rise significantly and then stonks valuations will matter again. But who knows. There are so many moving parts; real return as opposed to nominal return, DXY and commodity inflation.
Honestly I am just guessing here and dont really know what I’m talking about. My best guess is the best way out of our current debt mess is through dollar devalution and dollar based debt devaluation. This may be decades away or it may happen next year and I have no idea the consequences. But I think real-estate may be one of the safest places to put money and maybe gold or bit coin.
Isn’t that what we’re doing now and have been for a while?
FSLY just took down the whole cloud sector
Now they are only up like, 300% this year
My god… the CCL quarterlies.
Quarterly financials
(USD) Aug 2020 Y/Y
| Revenue | 31M | 99.53% |
|---|---|---|
| Net income | -2.86B | 260.56% |
| Diluted EPS | -3.69 | 243.02% |
| Net profit margin | -9,219.35% | >9999.99% |
Net profit margin is so bad they dont even have a measurement for it.
Oh, those are all negative y/y percentages btw. Obv
holy fuck this is nuts
CCL is up today lol
The dollar has lost value the the last 6 months. The way the debt is devalued, well I dont know how that works. Maybe a combination of week dollar vs other currencies and inflation.
I’m kind of going on what happened in the late 70’s.early 80’s when inflation really took off and all the mortgage debt prior to that period was very cheap relative to incomes. I remember growing up my parents mortgage was something like 325$. They bought there house in 78 so twenty years later the mortgage was a tiny part of the budget.
So if you can get nominal GDP up through inflation while keeping annual deficits low maybe the debt can be inflated down.
Thats my crude theory on devaluing dollar based debt. But add in rising interest rates and it gets more complicated im sure