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  1. #511
    Registered User Jtbny's Avatar
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    This should be intersting - Apple Car.

    https://www.cnbc.com/2021/02/03/appl...apple-car.html

    Apple is close to finalizing a deal with Hyundai-Kia to manufacture an Apple-branded autonomous electric vehicle at the Kia assembly plant in West Point, Georgia
    I've been talking about a start up EV company named Canoo. They happen to have a partnership with Hyn/Kia to help them produce their EV's. I only hold 300 shares of Canoo (had 1000 but sold off when they ran after merger) but I held because I think their tech is cool and game changing. I also dropped $100 to preorder an adventure vehicle from them

    https://www.canoo.com/
    Last edited by Jtbny; 02-03-2021 at 07:44 PM. Reason: Not investment advice. I can't even walk and chew gum at the same time. These are my own ramblings and thoughts. Do your DD.
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  2. #512
    High Plains Lifter Mark1T's Avatar
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    Originally Posted by Jtbny View Post
    This should be intersting - Apple Car.

    https://www.cnbc.com/2021/02/03/appl...apple-car.html

    I've been talking about a start up EV company named Canoo. They happen to have a partnership with Hyn/Kia to help them produce their EV's. I only hold 300 shares of Canoo (had 1000 but sold off when they ran after merger) but I held because I think their tech is cool and game changing. I also dropped $100 to preorder an adventure vehicle from them

    https://www.canoo.com/
    Pretty cool vehicle. The range is 250 which isn’t bad if your commute isn’t that far. But to be more competitive, seems the range should be 300+. But the charge time may make up for longer range.
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  3. #513
    Registered User Jtbny's Avatar
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    Originally Posted by Mark1T View Post
    Pretty cool vehicle. The range is 250 which isn’t bad if your commute isn’t that far. But to be more competitive, seems the range should be 300+. But the charge time may make up for longer range.
    Ya battery range is still sucky for most EV but that tech is getting better quickly. Canoo's real advantage, and one that Hyn/Kia are going to take advantage of is their engineering specifically their skateboard platform which allows many different "top hats" to fit on making it easier to manufacture. Also their steer by wire tech. Anyhow, I love cars and love the sector and watching it get better each year is fun to watch.

    As investors/traders there are so many new EVs to jump in on. Canoo, Workhorse, Arrival, Lucid (when they go public - ticker CCIV).
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  4. #514
    High Plains Lifter Mark1T's Avatar
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    Originally Posted by Jtbny View Post
    Ya battery range is still sucky for most EV but that tech is getting better quickly. Canoo's real advantage, and one that Hyn/Kia are going to take advantage of is their engineering specifically their skateboard platform which allows many different "top hats" to fit on making it easier to manufacture. Also their steer by wire tech. Anyhow, I love cars and love the sector and watching it get better each year is fun to watch.

    As investors/traders there are so many new EVs to jump in on. Canoo, Workhorse, Arrival, Lucid (when they go public - ticker CCIV).
    Check this out. aptera has been around. They ran out of money some years ago, but got new investors and they are going to thrive. Not a utility vehicle, but very practical for a single person or two to commute to anywhere with a 1000 mile range. I have been on their email list for a long time. Price point is very reasonable and less than the base Tesla.

    https://www.aptera.us/
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  5. #515
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    I don't trade stocks but I do trade crypto.

    Out on BTC.. but in heavy on ETH now. Just put another $1500 in today before it hits the futures market on Monday.

    But what I'll definitely say it's a great market to bail on when its up and hold out for the next best thing. Long term outlook should always be cautious at best... wouldn't get diamond hands with it unless you bought right at the beginning and are okay with losing a few hundred buck on it.
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  6. #516
    Powerlifting in disguise induced_drag's Avatar
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    Originally Posted by xTeTe View Post
    I don't trade stocks but I do trade crypto.

    Out on BTC.. but in heavy on ETH now. Just put another $1500 in today before it hits the futures market on Monday.

    But what I'll definitely say it's a great market to bail on when its up and hold out for the next best thing. Long term outlook should always be cautious at best... wouldn't get diamond hands with it unless you bought right at the beginning and are okay with losing a few hundred buck on it.
    Etc looks like it might spike in next few days. I took some 'play' bitcoin that I had on a hardware wallet and moved it to an exchange and traded for eth (which is down 5% today relative to BTC) and increased my eth. Still holding over 98% in BTC, but played with a little eth.

    Big next few weeks for ETH, but too chicken to touch my BTC stash
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  7. #517
    Registered User xTeTe's Avatar
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    Originally Posted by induced_drag View Post
    Etc looks like it might spike in next few days. I took some 'play' bitcoin that I had on a hardware wallet and moved it to an exchange and traded for eth (which is down 5% today relative to BTC) and increased my eth. Still holding over 98% in BTC, but played with a little eth.

    Big next few weeks for ETH, but too chicken to touch my BTC stash
    Predictions are close $2000 after it hits the trading floor in Chicago... so if you're holding you'll do well. I still think it will grow a lot over the next few years honestly and this article just reinforces that.

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  8. #518
    OG of the Amazon sif's Avatar
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    Can someone please enlighten me on weed, specifically Canopy. They’re Canadian. Canopy has a conditional buyout in place to take over one of the largest multi-state operators in the U.S., Acreage Holdings. So if the U.S. legalizes marijuana, Canopy has an immediate first-mover advantage.

    As I’m reading more about the political climate in the US, it looks like it’s not a question of If weed will be legalized across the whole country, it’s “when”. I’m thinking of picking up a few shares or Canopy as it sounds like they’re well positioned.
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  9. #519
    Registered User Jtbny's Avatar
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    Originally Posted by sif View Post
    Can someone please enlighten me on weed, specifically Canopy. They’re Canadian. Canopy has a conditional buyout in place to take over one of the largest multi-state operators in the U.S., Acreage Holdings. So if the U.S. legalizes marijuana, Canopy has an immediate first-mover advantage.

    As I’m reading more about the political climate in the US, it looks like it’s not a question of If weed will be legalized across the whole country, it’s “when”. I’m thinking of picking up a few shares or Canopy as it sounds like they’re well positioned.
    Weed will be huge. My only concern is that legacy tabacco companies will just dominate the market drowning out the little companies. Tilray/Aphria merger should provide another strong company to look into.
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  10. #520
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    Originally Posted by Jtbny View Post
    Weed will be huge..
    I have a different idea. So far, as far as I can tell, the vast, vast majority of cannabis companies have failed and failed quickly. At least in the US. Every part of that industry seems to struggle to make any profit at all. The government officials who seem to think that legalization is going to somehow reverse all their financial woes are clueless as to how much more active legalization has made the black market. As long as these folks keep trying to tax marijuana at ludicrous rates, and keep regulating the retailers into bankruptcy, the black market will continue to thrive. Legal operations will continue to fold. Weed is way way too easy to produce for people to pay $200 for an ounce of it. Corn, oats and soybeans, are worth around $1,000 per harvested acre yet Tweeker degenerates in Humbolt county can supposedly produce over $1m of produce from the same acre of land? Economics does not support that.

    BLUF- Weed is incredibly easy to grow, the only reason it was once so expensive is because it was illegal, the only thing keeping it expensive now is taxes and regulations. Illegal operations do not have taxes and regulations. Therefore Illegal operations will continue to operate and provide product at 1/2 the price of dispensaries or folks will just grow their own.

    edit - This entire dynamic may have completely changed since Canada legalized.
    Last edited by eomrat; 02-08-2021 at 06:47 AM.
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  11. #521
    Powerlifting in disguise induced_drag's Avatar
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    BTC reaching all time highs under new Tesla just bought 1.5 billion to provide liquidly for them to start accepting BTC as payment.




    https://www.cnbc.com/2021/02/08/tesl...n-bitcoin.html
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  12. #522
    Registered User Jtbny's Avatar
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    Originally Posted by eomrat View Post
    I have a different idea. So far, as far as I can tell, the vast, vast majority of cannabis companies have failed and failed quickly. At least in the US. Every part of that industry seems to struggle to make any profit at all. The government officials who seem to think that legalization is going to somehow reverse all their financial woes are clueless as to how much more active legalization has made the black market. As long as these folks keep trying to tax marijuana at ludicrous rates, and keep regulating the retailers into bankruptcy, the black market will continue to thrive. Legal operations will continue to fold. Weed is way way too easy to produce for people to pay $200 for an ounce of it. Corn, oats and soybeans, are worth around $1,000 per harvested acre yet Tweeker degenerates in Humbolt county can supposedly produce over $1m of produce from the same acre of land? Economics does not support that.

    BLUF- Weed is incredibly easy to grow, the only reason it was once so expensive is because it was illegal, the only thing keeping it expensive now is taxes and regulations. Illegal operations do not have taxes and regulations. Therefore Illegal operations will continue to operate and provide product at 1/2 the price of dispensaries or folks will just grow their own.

    edit - This entire dynamic may have completely changed since Canada legalized.
    The best way to test your hypothesis is to look at states that have legalized it and see the results. I think those who use the black market now will continue and those who don't will use legal methods now available. No clue how many that is but if we look at states that have been doing this we can get a good idea.

    Once legal it opens up competition and convenience, too, which should drive the price down and increase more innovative ways to grow. I can't remember which big tobacco company said it but one said they are fazing out tabacco at some point. My guess is they are going all in on weed if/when its legal. Anyhow, I think weed will be huge but no clue which company will benefit.

    A long read but some stats on revenue for states where its legal:
    https://www.ais-cpa.com/deep-dive-re...united-states/

    A point they make about legal v illegal weed is:
    By making it more convenient for businesses to sell marijuana legally, it allows for more dispensaries to open for business. This makes their product more available, which increases the convenience for the customer. As a result, it becomes more convenient to purchase cannabis legally, which limits the appeal of buying it illegally.
    Last edited by Jtbny; 02-08-2021 at 07:54 AM.
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  13. #523
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    Originally Posted by induced_drag View Post
    BTC reaching all time highs under new Tesla just bought 1.5 billion to provide liquidly for them to start accepting BTC as payment.




    https://www.cnbc.com/2021/02/08/tesl...n-bitcoin.html
    I saw this. I'm not necessarily sure from a car sales standpoint if this is really going to help their business.. but from a stock pumping standpoint its a great move. If there's one thing Elon is amazing at, it pumping his own stock.
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  14. #524
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    I have no idea how Musk gets away without prison time for literally going "buy bitcoin!" buy dogecoin!" then releasing this ****. It's straight up fraud.
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  15. #525
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    The fact that Elon bought 1.5 BILLION in bitcoin is a significant move not only for bitcoiners, but also for the rest of the crypto community.

    (Though I am laughing at the fact that he is pumping DOGECOIN. hahaha. DOGE was developed as a joke, now it's worth more than the dollar.)

    At any rate, alt coins usually follow bitcoin. Holders of ETHEREUM and XRP and other ALT will also benefit.

    Elon is smart. You notice he never pumps silver. That's because he wants silver to remain low. Tesla cars require a lot of silver.

    Well done, Elon.

    As for me, I will continue to play the crypto game and take profit when the time comes and buy more PMs.
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  16. #526
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    As stated before, my portfolio approximates the one Ray Dalio's All-Weather Portfolio. It's one that, through back-checking, has yielded decent results in all climates but earning less in UP years and earning less (with a few losses) in down years. The portfolio is to include 5% gold which I didn't include in my portfolio since IMO is was already skyhigh.

    How strongly would you agree with this: Bitcoin is the new gold(?).

    IN YOUR OPINION, is Bitcoin here to stay? I saw the Tesla buy of it and it has me thinking maybe it is here to stay; maybe it is the new hedge against inflation. Thoughts?
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    Originally Posted by Payton1221 View Post
    As stated before, my portfolio approximates the one Ray Dalio's All-Weather Portfolio. It's one that, through back-checking, has yielded decent results in all climates but earning less in UP years and earning less (with a few losses) in down years. The portfolio is to include 5% gold which I didn't include in my portfolio since IMO is was already skyhigh.

    How strongly would you agree with this: Bitcoin is the new gold(?).

    IN YOUR OPINION, is Bitcoin here to stay? I saw the Tesla buy of it and it has me thinking maybe it is here to stay; maybe it is the new hedge against inflation. Thoughts?
    A few articles on that exact topic. My opinion is that it is not yet. But gaining favor, especially from younger investors. It will never be "gold" since it requires the internet and civilization to work. But it may come to function as it in the digital age.

    On the way up, early adopters stand to make large gains. If just the amount of gold investments from individuals and not business is put into bitcoin, BTC will be in the 150k/btc range. Start bringing in institutional money and the gains will be much higher.


    It could always go to sh!t as well if the govts of the world decide to clamp down.

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  18. #528
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    Originally Posted by Payton1221 View Post
    As stated before, my portfolio approximates the one Ray Dalio's All-Weather Portfolio. It's one that, through back-checking, has yielded decent results in all climates but earning less in UP years and earning less (with a few losses) in down years. The portfolio is to include 5% gold which I didn't include in my portfolio since IMO is was already skyhigh.

    How strongly would you agree with this: Bitcoin is the new gold(?).

    IN YOUR OPINION, is Bitcoin here to stay? I saw the Tesla buy of it and it has me thinking maybe it is here to stay; maybe it is the new hedge against inflation. Thoughts?
    IDK, seems like a huge question mark to me. I think it's here to stay, yes. There's going to be regulation and govt intervention at some point. When that happens and what they do, I don't know. How that effects the value of it...depends what kind of regulation unfolds. The banks are already getting into it, which is a pro for Bitcoin.
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    Haha this market is so broken. S&P all time highs? WTF...
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    Originally Posted by Jtbny View Post
    Haha this market is so broken. S&P all time highs? WTF...
    Yup.

    WTF is my daily reaction

    The sad part is that so many people still believe Main Street economy is tied to Wall Street.

    We’re in a zombie economy. 700K weekly unemployment claims and the market sets new record. Retail store closures and market sets new record. Homelessness on the rise and market sets new record.

    You can’t make this up.

    Keep playing the game and profit. I stopped trying to educate my relatives and friends in real life on what’s really going on. Waste of time.
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    Originally Posted by Payton1221 View Post
    As stated before, my portfolio approximates the one Ray Dalio's All-Weather Portfolio. It's one that, through back-checking, has yielded decent results in all climates but earning less in UP years and earning less (with a few losses) in down years. The portfolio is to include 5% gold which I didn't include in my portfolio since IMO is was already skyhigh.

    How strongly would you agree with this: Bitcoin is the new gold(?).

    IN YOUR OPINION, is Bitcoin here to stay? I saw the Tesla buy of it and it has me thinking maybe it is here to stay; maybe it is the new hedge against inflation. Thoughts?

    Listen to all but follow none.


    Bitcoin and other cryptos are speculations. They can never be money because they do not fit the definition of money. That’s the Austrian Economist in me talking. Having said this, I invest in bitcoin, ethereum and XRP. Why? Because they have great potential.

    Is bitcoin here to stay?

    It’s manmade. No such thing as forever. Profit while you can. But don’t ever be attached to any asset. Easier said than done, because fact is investing is also mostly emotional.

    Just remember that when industries begin, the leader doesn’t always stay the leader when the said industry matures.

    There are other cryptos that are more efficient than bitcoin. Efficient as in faster and doesn’t waste lots of energy. XRP for example.

    So stay close to the door. Buy when it’s low. And sell when you think it’s time take profit. Don’t be left holding the bag. FOMO is a killer.

    Will it stay? It doesn’t matter. Just make money.
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  22. #532
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    Originally Posted by NorwichGrad View Post
    Yup.

    WTF is my daily reaction

    The sad part is that so many people still believe Main Street economy is tied to Wall Street.

    We’re in a zombie economy. 700K weekly unemployment claims and the market sets new record. Retail store closures and market sets new record. Homelessness on the rise and market sets new record.

    You can’t make this up.

    Keep playing the game and profit. I stopped trying to educate my relatives and friends in real life on what’s really going on. Waste of time.
    It's my daily reaction too. And I don't see a catalyst to slow it down. Money is being printed, everyone is getting stimulus, corp tax rates are stupid low, bonds are crap, the dollar is losing its value. The market could literally hit ATM for the foreseeable future while unemployment continues to be a huge issue and homelessness rises. While I don't mind making money I have to /boggle. I've never seen SPY up this fast in a week, ever. I was blown away on Friday with the finish but today? Just crazy.
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    Originally Posted by Jtbny View Post
    It's my daily reaction too. And I don't see a catalyst to slow it down. Money is being printed, everyone is getting stimulus, corp tax rates are stupid low, bonds are crap, the dollar is losing its value. The market could literally hit ATM for the foreseeable future while unemployment continues to be a huge issue and homelessness rises. While I don't mind making money I have to /boggle. I've never seen SPY up this fast in a week, ever. I was blown away on Friday with the finish but today? Just crazy.
    I just keep telling myself that the FANG stocks are doing so well, they're propping up the majority of the market. Seems like any tech company is doing well during this and aren't really impacted by the issues you've laid out? I have changed my strategy slightly and diversifying more and continue to invest, but I do have some cash ready, because I feel like a recession is on the horizon for quite some time.
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    Originally Posted by _zman View Post
    I just keep telling myself that the FANG stocks are doing so well, they're propping up the majority of the market. Seems like any tech company is doing well during this and aren't really impacted by the issues you've laid out? I have changed my strategy slightly and diversifying more and continue to invest, but I do have some cash ready, because I feel like a recession is on the horizon for quite some time.
    The tech companies benefit from it all. And I agree they are propping it up to a degree but look at Disney - all time highs.

    Not a bad idea to have cash for the dip but if that dip doesn't happen all year its opportunity costs lost. That old "time in the market beats timing the market" thing makes sense if you're long.
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    Originally Posted by _zman View Post
    I just keep telling myself that the FANG stocks are doing so well, they're propping up the majority of the market. Seems like any tech company is doing well during this and aren't really impacted by the issues you've laid out? I have changed my strategy slightly and diversifying more and continue to invest, but I do have some cash ready, because I feel like a recession is on the horizon for quite some time.
    I view FAANG the same way I view cryptos, with distrust.

    But I still put money into cryptos because of the financial opportunities.

    FAANGs are 'worse' than cryptos from MY PERSONAL views insofar as what they do to humanity - and that is they are technocrats that steal data from the masses. And FAANG leans LEFT, which is against my views.

    Nevertheless, having said all this, and because this is a thread about profit, here is my OBJECTIVE view on FAANG without my personal principles involved.

    FAANG will continue to go up.

    You will continue to profit on FAANG.

    Here's why:

    Technology is naturally DEFLATIONARY. Think about the manual jobs that no longer exist due to tech.

    Universal Basic Income (UBI) is here already. The masses will continue to receive stimulus (until gubmint and banks decide to stop).

    Because we are in a consumerism economy, those who receive UBI will spend the money on FAANG - think about it, no place else to go since the shutdown killed mom-and-pop stores. So consumers will buy FAANG products and service. They have become a monopoly of the technocrats.

    The deflation I speak of will only be exacerbated by the UBI.

    The technocrats (FAANG) will greatly benefit from fed QE BRRRRRRRR to infinity as a result, meaning those who hold FAANG will also get some cabbage cha-ching.

    Hope you make profit. And don't forget to pay it forward.
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    Originally Posted by Jtbny View Post
    The tech companies benefit from it all. And I agree they are propping it up to a degree but look at Disney - all time highs.

    Not a bad idea to have cash for the dip but if that dip doesn't happen all year its opportunity costs lost. That old "time in the market beats timing the market" thing makes sense if you're long.
    Disney is a bit surprising to me, and I'm curious if all the recent releases (2019 and prior) on their subscription platform is what propelled that stock higher. I haven't looked into their annual reports, but I know a lot of people that got that subscription.

    You're right and I realize I have too much cash on hand, but I sold some real-estate 2 summers ago and didn't want to dump it all in at once, I reduced it 30 percent over the last 2 years by dumping 20 percent of my pay into my 401k, maxing my HSA, and maxing my Roth.

    I'm debating to continue that strategy and slowly get rid of the cash or just start a brokerage account. Brokerage account would allow me to get the money out and just owe capital gains, I might take that route, I've looked at more conservative investments, but I'm not sure enough to pull the trigger. On average my budget shows (-1000) per month over the last few years. Majority of spending either goes to investments or house renos.

    Originally Posted by NorwichGrad View Post
    I view FAANG the same way I view cryptos, with distrust.

    But I still put money into cryptos because of the financial opportunities.

    FAANGs are 'worse' than cryptos from MY PERSONAL views insofar as what they do to humanity - and that is they are technocrats that steal data from the masses. And FAANG leans LEFT, which is against my views.

    Nevertheless, having said all this, and because this is a thread about profit, here is my OBJECTIVE view on FAANG without my personal principles involved.

    FAANG will continue to go up.

    You will continue to profit on FAANG.

    Here's why:

    Technology is naturally DEFLATIONARY. Think about the manual jobs that no longer exist due to tech.

    Universal Basic Income (UBI) is here already. The masses will continue to receive stimulus (until gubmint and banks decide to stop).

    Because we are in a consumerism economy, those who receive UBI will spend the money on FAANG - think about it, no place else to go since the shutdown killed mom-and-pop stores. So consumers will buy FAANG products and service. They have become a monopoly of the technocrats.

    The deflation I speak of will only be exacerbated by the UBI.

    The technocrats (FAANG) will greatly benefit from fed QE BRRRRRRRR to infinity as a result, meaning those who hold FAANG will also get some cabbage cha-ching.

    Hope you make profit. And don't forget to pay it forward.
    Agree with your sentiment on the FAANG stocks. I hold no FAANG other than 20% of my portfolio is in the S&P 500. I don't plan to ever buy an individual FAANG stock and avoid investing in them as much as I can. Agreed with everything you're saying though, we're on the same page.

    Most of the tech companies I invest in are small cap and whatever ARK is holding.
    Last edited by _zman; 02-09-2021 at 08:53 AM.
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    Originally Posted by Jtbny View Post
    Weed will be huge. My only concern is that legacy tabacco companies will just dominate the market drowning out the little companies. Tilray/Aphria merger should provide another strong company to look into.
    I don't think that tabacco will dominate the Canadian weed producers simply because if they were going to, they would already have no? I went with Valens out of BC. At $2 a share, it was worth it. Especially looking at the ^60+ that Canopy is going for. IDK but I guess time will tell? I have never though that I'd ever be buying marijuana stock but here we are lol

    Originally Posted by eomrat View Post
    I have a different idea. So far, as far as I can tell, the vast, vast majority of cannabis companies have failed and failed quickly. At least in the US. Every part of that industry seems to struggle to make any profit at all. The government officials who seem to think that legalization is going to somehow reverse all their financial woes are clueless as to how much more active legalization has made the black market. As long as these folks keep trying to tax marijuana at ludicrous rates, and keep regulating the retailers into bankruptcy, the black market will continue to thrive. Legal operations will continue to fold. Weed is way way too easy to produce for people to pay $200 for an ounce of it. Corn, oats and soybeans, are worth around $1,000 per harvested acre yet Tweeker degenerates in Humbolt county can supposedly produce over $1m of produce from the same acre of land? Economics does not support that.

    BLUF- Weed is incredibly easy to grow, the only reason it was once so expensive is because it was illegal, the only thing keeping it expensive now is taxes and regulations. Illegal operations do not have taxes and regulations. Therefore Illegal operations will continue to operate and provide product at 1/2 the price of dispensaries or folks will just grow their own.

    edit - This entire dynamic may have completely changed since Canada legalized.
    So, I've never tried weed, but from what I hear, apparently Canada has a good climate for weed? It's been legal here for a while and the producers can't keep up with the demand. It's taken a bit of time to iron out the kinks, federally, but it's getting going so I have hope that both the government and producers will do well.

    Originally Posted by NorwichGrad View Post
    Yup.

    WTF is my daily reaction

    The sad part is that so many people still believe Main Street economy is tied to Wall Street.

    We’re in a zombie economy. 700K weekly unemployment claims and the market sets new record. Retail store closures and market sets new record. Homelessness on the rise and market sets new record.

    You can’t make this up.

    Keep playing the game and profit. I stopped trying to educate my relatives and friends in real life on what’s really going on. Waste of time.
    I can't invest in the American market with all the nonsense that's going on. Like, I don't even know if the numbers are real or made up. It makes no sense and the lack of regulation is bizarre. I've consciously decided to invest in Canadian and European companies.
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    Originally Posted by sif View Post


    I can't invest in the American market with all the nonsense that's going on. Like, I don't even know if the numbers are real or made up. It makes no sense and the lack of regulation is bizarre. I've consciously decided to invest in Canadian and European companies.
    I don't blame you. Not one bit.

    The American market makes NO sense. The actual unemployment us closer to 40%, yet the NYSE indices keep setting new records.

    We are melting up. The best performing stock market is Zimbabwe. The second best is Venezuela.

    At any rate, even if you don't invest in the US market (again, I don' blame you) always keep in mind the federal reserve is influential on a global scale. So what the fed does may and will affect your Canadian and European stocks.
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  29. #539
    Registered User xTeTe's Avatar
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    Originally Posted by xTeTe View Post
    I have no idea how Musk gets away without prison time for literally going "buy bitcoin!" buy dogecoin!" then releasing this ****. It's straight up fraud.
    Looks like the SEC has started barking at Elon

    https://www.forbes.com/sites/billyba...h=2996c50dbbac
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  30. #540
    Banned NorwichGrad's Avatar
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    Originally Posted by xTeTe View Post
    Looks like the SEC has started barking at Elon

    https://www.forbes.com/sites/billyba...h=2996c50dbbac
    We know that dogecoin was designed as a joke, yet Elon pumped it.

    We also know that he bought 1.5 billion in bitcoin.

    Elon is a smart dood. But he aint one of us.

    The guys at the top 0.01% are all buddy-buddies. This is all show.

    Rumor has it that Elon may have actually bought BTC several weeks back when it was in the mid 30K range.

    Speaking of SEC, they can eat $heeeet. Bunch of criminal bankers.
    This above all..
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