fareastwarriors

Square buys $170 million worth of bitcoin The company said it purchased approximately 3,318 bitcoins, expanding on its Oct. 2020 purchase of 4,709 bitcoins. https://www.cnbc.com/2021/02/23/square-buys-170-million-worth-of-bitcoin.html

Thanks for sharing your thought process. Congrats on some (quick) nice gains.

It's not down That much. I'm thinking in your thesis, you're expecting a much bigger drop.

Bitcoin ETF Roars in Debut With $165 Million of Trading Volume Purpose Bitcoin ETF, ticker BTCC, debuted in Toronto Thursday Largest cryptocurrency has surged fivefold in the past year https://www.bloomberg.com/news/articles/2021-02-18/first-bitcoin-etf-in-north-america-sees-raging-interest-in-debut

BRK.B I like the stock.

Works fine for me.

Love it. "I like the stock."

Banned? I just don't have enough Karma to post but I still have access.

Finished the 2nd!

You also have to consider that the US government has said they will be sending out $1400 and possibly giving $3000+ per child in the next year. For a family of 4 that could be 1400x4=5600 + 6000 = $11,600. Fed has said it wont raise rates till 2023. That could keep the market going into next year. I need to make more babies Yeah, not worth it lol

Why? Why now?

FB? Must be an older person

Jim Simons Makes Billions While Renaissance Investors Fume at Losses https://www.bloomberg.com/news/articles/2021-02-10/simons-makes-billions-while-renaissance-investors-fume-at-losses?srnd=premium

Miami trying hard to be Silicon Valley 2.0 https://www.bloomberg.com/news/articles/2021-02-08/miami-mayor-hints-at-measure-to-put-crypto-on-city-balance-sheet?srnd=premium Miami Mayor Who Backs Bitcoin Wants City to Hold Crypto Assets

Renaissance Hit With $5 Billion in Redemptions Since Dec. 1 Public hedge funds at Simons’s firm posted worst-ever losses Unprecedented market swings tripped up quant managers in 2020 https://www.bloomberg.com/news/articles/2021-02-07/renaissance-hit-with-5-billion-in-redemptions-since-dec-1?srnd=premium Billionaire Jim Simons’s firm, a quant-investing pioneer, is coming off a rough year. Its three public hedge funds posted double-digit losses in 2020 as their algorithms were thrown out of whack by market swings the computers had never seen before. At the same time, its fund for employees and insiders soared 76% last year, Institutional Investor reported. Renaissance’s Institutional Equities fund, the biggest of the external vehicles, lost 19% in 2020, the letters show. That fund got the biggest chunk of the redemptions. The Institutional Diversified Alpha fund dropped 32% and the Institutional Diversified Global Equities fund fell 31%.

Maybe check out: https://www.cornerofberkshireandfairfax.ca/forum/general-discussion/energy-sector/450/

Office Glut Comes to Texas With Oil Bust Leaving Towers Empty Houston’s vacancy rate leads the U.S.; CMBS delinquencies rise Post-pandemic leasing will be test of how space is used https://www.bloomberg.com/news/articles/2021-02-03/office-glut-comes-to-texas-with-oil-bust-leaving-towers-empty?srnd=premium

(Reuters) - Robinhood, the U.S. online broker that has emerged as a gateway for amateur traders challenging Wall Street hedge funds, has held talks with banks about raising $1 billion in debt so it can continue to fulfill orders for heavily shorted stocks https://www.reuters.com/article/businessNews/idUSKBN2A13HG

So the inevitable infighting begins. Volume is up 10x today from normal. Retail is behind us. Secondly, while all these reddit posts are saying it's a scam by hedge funds who are long....I've found 4 very detailed write ups on WSB about going long silver to orchestrate a squeeze and all 4 are reddit accounts that have been active for 2-9 years. None of them are recent. Seems to me the narrative changed as soon as they found Citadel is long silver....but if Citadel was seeing order flow from Robinhood buying a shit-ton of silver, it makes sense that they got long silver to meet that demand as the primary market maker so who really knows what is going on All I know is doesn't matter if reddit is behind it or not. The MSM thinks they are and are pushing that story and so other people are buying with that expectation. Maybe other people buying is enough. I'm not looking for $100, but I think $40 oz is reasonable given where gold is presently trading and the outlook for negative real rates for the foreseeable future. This is why I've owned it for months to begin. I'm just hoping Reddit/MSM being enough attention to it that end point is realized sooner rather than later. SLV or physical or something else?

Online brokerage Robinhood said it raised another $2.4 billion from investors. That brought to $3.4 billion the firm has raised amid the recent market volatility. https://www.cnbc.com/2021/02/01/robinhood-raises-another-2point4-billion-as-broker-app-deals-with-retail-trading-frenzy.html

People are buying index/passive funds/etfs in great numbers. Honestly the pace is much faster than I ever anticipated.

That one I seen before. I have to say there are lots of creativity in the sub. Had me laughing hard a bunch of times.

BTS? The WSB boys got nothing over the BTS army.

My mom, 64, got the vaccine last week. She should retire... but she's still working as a caretaker for a more senior grandma. Bay Area.