Message from @Revaeroski
Discord ID: 808942026862231573
And why is that?
Because it keeps the poor poor
and that's margin equity + cash balance, it's purpose is to "protect you" but really it just makes it so you can't touch your own money until you make even more of it
Can’t have plebs rising up now can we?
they don't want you leveraging yourself into a hole but some people still do it, the government came up with the rules so you know they suck
Oh so they are giving us protection we dont want at the expense of the money we dont yet have
Amazing
Yes. Welcome to the Nanny State
Dangerous liberty is swaddled in bubble wrap
They think that they can give you 50k buying power with 25k worth of cash in there and you won't somehow end up with a negative balance by investing incorrectly (it's still possible)
What happened to the good old paying for products and services in demand
if anything it's worse because if you dip to like 24,999 dollars in the account, it gets locked, can't do any trades to get yourself out of that situation, and if your securities are still going down, then that balance still goes down with it until you put in more money, it's stupid as hell
Meanwhile the government runs lotteries which are definitionally a mathematical rip off
Thinking about this, it is possible to use the fake digital currency from discord bots into simulations of these exchanges
Would make a visualization of the market
You buy a ticket for $1 and the expected value might be $0.75
Well a smart part
There's trading with paper
you can simulate having a brokerage account and they use it against real life stock data
many different apps out there like that if you want to practice, it's not real money though
Well toilet paper has the same worth as the inflated Venezuelan coin so I'll need a lot of it for a good exchange
No worries tho
I have the clinton books to wipe my ass
just pick one and give it a go
Seems that everyone involved in this has to have their buttcheeks stiff
What's that?
Is that the simulation you talked about
paper trading apps, simulated stock trading
yes
Ah interesting
What is better? PC or mobile
Just dumped into comp
🤞
Cross your fingers, arms legs and penis if it's long enough
Hope for the best
But be prepared for the worst
Use coinbase. Until you get the hang of what you're doing, you can also make free coin from it too. So it basically let's you play around for free. That's what i recommend to everyone at first.
Then I'd switch to bittrex. That's my personal fav for day trades.
Then I have hard wallets for the rest of my stuff that I just hold and don't mess with.
This multinational inter industry investors/share and digital coin based market makes my head hurt a bit
But that's to be expected with all those complex interactions
You can also always invest in stock for a longer term, get lower taxes for that instead of getting hit with short term capital gains taxes (which I hear is just normal tax)
and you don't get taxed until you pull it out and it becomes realized gains
if you lose money, it's realized losses and you can actually write that off on your taxes
Oh really
What is the tax percentage? Or it depends on the value?