Message from Maddy in The Right Server #chat

2018-10-03 18:58:25 UTC  


2018-10-03 18:58:31 UTC  

like 10% average

2018-10-03 18:58:45 UTC  

>thinking "cryptocurrency" is actually a curency and not a Bullshit Hyped Stock created as a scheme by its inventors

2018-10-03 18:58:47 UTC  


2018-10-03 18:58:57 UTC  

it's based on the tech

2018-10-03 18:58:58 UTC  

literally a stock

2018-10-03 18:59:11 UTC  

think of it like speculating on the value of a microsoft function software or somethinh

2018-10-03 18:59:23 UTC  

the accumulated value of a project is quite high

2018-10-03 18:59:27 UTC  

hence why limited supply

2018-10-03 18:59:49 UTC  

Whats gonna happen is all the big dogs at wall street are going to sell BTC all at once and people like you and me will be stuck with a worthless currency

2018-10-03 18:59:52 UTC

2018-10-03 18:59:52 UTC  

Who cares about its uses as long as I can put money and double it lmao

2018-10-03 18:59:53 UTC  

if you buy crypto

2018-10-03 19:00:03 UTC  

coins are intrinsically priced at the ordinal utility of the tech

2018-10-03 19:00:26 UTC  

Precious metals are always a safe bet though

2018-10-03 19:00:42 UTC  

Precious metals 🤔

2018-10-03 19:00:42 UTC  

No risk = invest in gold

2018-10-03 19:00:43 UTC  

Unless we find out a way to actually prove alchemy

2018-10-03 19:00:52 UTC  

Which is not very possible

2018-10-03 19:00:54 UTC  

eh its inflation proof

2018-10-03 19:00:56 UTC  

which is good

2018-10-03 19:00:58 UTC  


2018-10-03 19:01:12 UTC  

@PainSeeker5 not necessarily, I used to trade gold mining stocks all the time based on the fluctuations of gold price early morning

2018-10-03 19:01:13 UTC  

We used to have the gold standard

2018-10-03 19:01:17 UTC  

*goes to sleep*

2018-10-03 19:01:18 UTC  

But then it changed

2018-10-03 19:01:19 UTC  

actually the comex opens an hour before markets

2018-10-03 19:01:20 UTC  


2018-10-03 19:01:26 UTC  

so there's an exploitable inefficiency

2018-10-03 19:01:27 UTC  

but actually investing means to invest stocks bonds etc

2018-10-03 19:01:28 UTC  

if you're smart

2018-10-03 19:01:41 UTC  

its really sad how much the fiat system has taken over

2018-10-03 19:01:58 UTC  

NATO took down libya for wanting to back to a gold standard, for christ sake

2018-10-03 19:01:58 UTC  

If I’m smart

2018-10-03 19:02:00 UTC  

Then what

2018-10-03 19:02:02 UTC  

eh the USD is tied to Oil pretty much

2018-10-03 19:02:03 UTC  

gather price changes early morning for gold, windsorize the extremities, then run a GLS regression on a set of prices and find covariances between them

2018-10-03 19:02:09 UTC  

then find an inverse set of stocks

2018-10-03 19:02:11 UTC  

and there you go

2018-10-03 19:02:13 UTC  

look up 1974 Saudi Arabia deal

2018-10-03 19:02:25 UTC  

@Thule-Gesellschaft [☩] you make it sound simple, yet I don’t understand any of what you said