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Churn and burn baby
Churn and burn...
Churn and burn, Brothers and Sisters, let Wolfman Jack, James Brown, and MARRS show you how to PUMP UP THE VOLUME.
But what if those 90% of population herd animals act as usual, for barn yard animals that is?
Bernays, I'm going to have a field day with this information.
So what we got left now are the true hard core believers in Keynesian economics still trading markets on a daily bases. How quaint.
You've got to give it to them, they are dedicated. What's left of them, that is.
I've sen a boat load of day traders shaken out during the Dot-Com bust. I've seen the hangers on dumped during the housing bubble bust.
I didn't think there was any of them left till now, though the few they are.
I'm going to have a lot of fun with this.
so when they get rid of the "speculators" there will be nothing left for the exchanges? and people whose main skill is saying 'mine' or 'yours' will have to actually find a real way to make 7 figure incomes?
No shit Sherlock....no offense Tyler...nice story..
Well, this would be comical if it weren't so bloody dangerous. But I sleep fine at night, confident that the White House, PPT, NSA, IMF, World Bank, Chicom's, FDIC, SEC & CFTC are all over this.... er, uh...they are, aren't they?
My prediction is that with the advent of the iPad, smartphones, etc.....
Once Joe Six finds out he's been getting fleeced by the Vegas bookies by playing NFL, NBA, NHL, etc.
He'll abandon all those offshore online betting casinos and start wagering in stocks instead. At least with stocks, it's not "all or nothing" bets. If you are wrong, you can cut your losses and move on to another trade. And with stocks, you can determine a trend. With sports, forget about it.
In two years, stock and Forex speculation will be rampant, many will be daytrading 24/7. Especially in trending markets.
Wife or Girlfriend:
"Hey, I want that $175 yoga outfit from Lululemon"
Husband or Boyfriend:
"No problem, I can trade USD/EUR for a few hours and scalp $200 for you, easy! Then I'll transfer the profit to my Bitcoin account, and then I can flip those electronic digits to your smartphone, and voila!! Problem solved!"
I think the trend you are talking about is called "the madness of crowds".
I've been making a killing trading tulip futures. It should make up for my Beany Baby losses.
i was just reading about "bitcoin." kinda scary when you think about it--a "virtual currency" which has soared in value! "backed by what again"? i imagine most people just "think of it as gaming." in a way IT IS! anywho..."de atorties say eets all good." at least the (smallest segment possible of) media reported on it. absolutely fascinated by the recent IPO concerning "virtual pets" on a farm. I had a girlfriend years back whose daughter played this game. My only question then was "real money?" Still is...
Bitcoin is "backed" by computing power. CPU time spent solving a non-deterministically polynomial problem; one that grows exponentially (at least) or geometrically in time as the problem set input increases. The FED is also attempting to solve a geometrically complex problem, however the heuristic in use at the FED is much simpler: MB = MB + T, where MB is the monetary base and T is however many triillions of dollars.
You let him off easy swanpoint. Bitcoins may seem like a scam, but if you compare them to dollars you realize dollars are the scam. I do some bit-mining and have a blast every time I explain to people what it is. You always get this crazy look about how the Bitcoins come from "nothing" and yet everyone scrounges all day to get some dollars, which, as you pointed out come into existence by the billions every day. Bitcoins will be limited to 21 million, what is the final number of dollars going to be?
great to see some genuine interest here on zero hedge for bitcoins... the amazing thing for me as an out and out linux devotee is that their are absolutely no limits to the security you can build around your money with encryptian techniques and operating systems that can work purely in RAM there are no limits to what you can do. Bitcoin does not come to you secure .. people running windows and not reading the forums will get coins stolen.. if you study the tools available ... you have security and control greater than fort knox.. and owning a couple of coins will teach you much and is a nice way to stick 2 fingers up at tbtf..and if i am promoting a ponzi sceme ... then it is the most honest transparent ponzi scheme ever with no centralised control.. bitcoins source code can be read line by line by anyone who wants... mmm nothing hidden here....
I like the concept of bitcoin in principle.
But i bet on the guns and govt to squash it when appropriate.
Right, but first they have to win the "war on drug users..."
The assumption is that the govt wants to win that war no?
Pretty sure competing currencies will not be treated so kindly.
I have rarely thrown money at anything as fast as I am at bitcoin. Truly revolutionary.
Today's discovery -- a tradehill account also happens to be the cheapest and easiest way for a small investor to own the 15 or so currencies it supports. No leverage but commissions are .3%.
I predict it will be mere months before Google throws their weight behind bitcoin.
Robot, unlike so many here, I like your posting. I like your ability to have such a thick skin. I wish I had that. But pointing out LULU as a "wealth" builder really cracks me up. That company now has a market cap of $8.5 billion. That is just ridiculous.
Our memories are so short. I remember so many people calling us nuts in 2005 and 2006 for not being willing to buy a $700,000 condo in Brooklyn or Manhattan. Actually it would have probably been more than that. Staying away from the wealth building real estate market has really paid off for us.
I warned friends and family about real estate and was routinely ignored or worse. For a while I still looked like a fool, missing out on great riches. I just said, "be patient". And that patience paid off big dividends for me. Sadly, I can't say the same for friends that are tens of thousands of dollars underwater, stuck in depreciating assets or have watched their retirements disappear.
It is better to miss the boom than to be part of the bust.
It is true that with some games the only way to win is not to play. If I have to believe in LULU to win this game then it sure the fuck isn't worth playing.
For 175 dollars I can get 4 blowjobs on the lower east=side...fool
Some of us don't like trannies.
"For 175 dollars I can get 4 blowjobs on the lower east=side...fool"
Not knowing the market - is this price reflective of an inflationary or deflationary trend?
I believe the 'blow' part implies an inflationary tendency.
but when all is said and done, there are deflationary tendencies to consider as well. at least if it's a job well done.
we were talking about futures
and when you play them on margins you can lose everything quickly, so im not sure what the hell your talking about
Its actually very easy. When NFLX hits $270, hit the buy button. When it hits $290, Hit the sell button. No charts needed.
Bitcoins are part of your prediction for the future? Really? lol
Replying so you won't be able to edit this out of existence.
2 Choices nowadays, you either day trade or your don't sleep.
Really? I sleep a lot better now that I don't daytrade.
Cash + metals + no debt + loving wife + good food = happiness
Daytrading your own money = stress that will kill you
Broken markets anyone? What a waste.
Well, it's only fair seeing as how you're not able (or bribed not to) to take physical delivery on silver.
you have to wonder if a large percentage of producers and end users aren't just entering private agreements off the exchanges.
Well you can bet on a reverse trade very soon on copper, short, then UST's being bought. All about China baby...
One the EFT's catch a whiff, commodities sans gold are a red line down
How dare you insult day trading. It's the only remaining legitimate form of investing!
What about PowerBall?
Trading China gray/black money crash and FUBAR sell off is all Aussie markets. Check one ASX200 flash crash just locked in 10mins ago, tasty.
I'm daytrading two bottles of whiskey, watching them drop
The answer to my day-trading issues is in the bottom of one of those bottles..fucking problem is I don't know which one!
Add water to the whiskey...extend and pretend like the banks...dilution is the solution.
"dilution is the solution."
Now THAT is an excellent representation of inflation! As you water down the liquor, it takes that much more to get the same results. Mind if I borrow that? If you've already copyrighted it, please tell me where to send the royalties.
Go ahead, it's a freebie. Here's another freebie: Horrible marriage? Dissolution is the solution. Or, extend and pretend.
One day, my purchase of 100 shares in TZA will result in a 2,000 point drop.
Please pass the bong.
...or the day after you sell tza, then the market will drop 2000 points
Any time you have a freely tradable market, the vast majority of participants will opt for short term price swings. So what? If you don't like it then don't get involved in it. Speculators provide liquidity. That so many lose money affects you how? It's their money not yours, and how they choose to deploy it is their business not yours or the Goberments.
Huh? "freely tradable market"? Where is that?
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