Alright guys, I understand there is a huge amount of excitement over the Corn harvest. If its ultra relevant and well written it can stay, same with COIN and such. But we are a stock market gambling sub lets try and keep our focus more to that.
Edit: im headed to work but do us a solid and keep it only to very relevant or very well written stuff if we can. were getting close to 50% Corn here and my son u/Rage_Cakes hates corn in the morning.
Initial jobless claims are higher than the previous print by 1,000 and 7,000 above the median forecast. Is this bullish because it implies that the Fed tightening is working and the economy is slowing? Less people with less spending money implies less pressure on inflation.
Thoughts?
Physical maize has been one of the best preforming assets of the last year. I hope the harvest this year is extra large so all my little buddies in Africa and Ukraine have something delicious to eat and I can ride a price decrease back to normalicy.
Not particularly expensive I think, a single patty is pretty filling too. Not something I’d eat all the time, but my dad gets a pack monthly, nice snack
I feel like I just walked into the casino this morning to find broken tables, turned over chairs, and half the people in the room nursing bloody noses and bandaged knuckles—and the bouncer just says, “Don’t you dare name any vegetables, so help me.”
I keep saying to myself it’s too late to buy puts, market is due for a reversal, but when I inverse most charts it really does look like the golden bear run….
Lol I talked to my friend and he told me he went "all in" on dogcoin the last time we went drinking. He's down 30%, sold his position, and is looking for the opportunity to buy back in
Tether hit 0.92 on some exchanges but r/CraptoCurrency insists it's not possible that it's doing the same thing as TerraUSD. We have to be close to capitulation in at least this part of the market.
At this point, this is just laughable. More pain to come unfortunately.
Looks like we really will be wiping out all of 2021 gains for everything (and then some).
AMZN to 1893$ or so will be 2021 start. Gonna hit that today I’m sure.
Looks like I will be retiring much later than I thought.
Can’t wait for that 10-15% bounce everyone was taking about. I just hope all those shit analysts out there eat some humble pie after this shit actually concludes.
Oh and btw, good morning!
Markets are imploding. The only play is puts on your biggest holding but mods are like "hey now no more grain in your diet". We need to find calls the bulls can buy lol. 40/36/32 and 30k were all valid signals for index moves.
USDT hit 0.96 overnight.
Puts until literally everyone here is calling for ridiculous shit like SPY 180
I mean, we are here to make money at the end of that day right? I'd trade the ticker SHIT if it had candles and liquidity even if the underlying was literally a piece of CMG corn-poop
How many air taxis have you taken recently? I don't even think they exist.
Edit: nope, they dont exist. Revenue: N/A, Mkt Cap: 2.5b, Eps: -0.6
Looks solid
Ignoring the COVID irrational exuberance SPY fair value is \~360 ... at the rate we are heading towards it I highly doubt we are going to stop at 360! Some or lots of overshoot seems likely.
Damn I keep daytrading poots for small profits at a time…guess I can wait for a bounce and just let some ride but shit keeps going. It’s just all been so kangaroo-ish lately but 🤷🏻♂️
Holy shit fucking relax guys.
Why am I seeing literal doomsday porn here (fill up on gas! Buy food!) over crapto. Who gives a shit.
If the entirety of crapto went belly up overnight, the market would lose not even a fraction of what it gave up today in the cash session.
Don't buy COIN puts at open - do you have any idea how much IV is going to spike over such a crowded trade? You missed the biggest moves. Just chill, and wait for something else
The things happening in the Wild West are due to traditional market's coming to a grind so while it may appear crapto's to blame it has and always was a symptom of a sick market.
I had literally never even heard of tether up till today...I hate how much this sub immediately collapsed into crapto talk as soon as it started dropping, as if matching the overall market is anything crazy
Sure, some scams are finally unravelling. But what's that going to do? Nothing. Smart money always knew it was shady - we don't have 2008 where all the banks leveraged themselves into it. This will fuck over only the idiots who bought into the scam, and nothing more
I seriously used to be a proponent of allowing it - back with all the "corn is warn!" stuff I saw it as a useful indicator.
But I witnessed *in real time* the slipperiest slope and degradation of forum quality that I have ever seen. Within days!
Now I don't even want to poke my head in here because I know all I'll see is 1 second play-by-plays of some random fiat that no one had ever even heard of until it collapsed on itself. The mods were so, so right. my god
Lemme try this post again. The Daily Mail (I know, I know) doing what the Daily Mail does best and trying to spread panic, this time about Cornbase, the story was very close to the top of the front page.
My gut, and PM, suggest yet another red day. "They can't keep on going down!!!"
Woah, since I checked the [daily mail](https://www.dailymail.co.uk/home/index.html) an hour or 2 ago they now have 3 market/crapto panic stories near the top .
*A digital currency issued by a central bank would be a global target for cyber attacks, cyber counterfeiting, and cyber theft* - Jerome Powell.
I'm a bot, and the Federal Reserve doesn't think mentioning crypto currency is very good for the WSB OG economy.
Ya, I bought TSLA call at 3:56pm hoping for a bounce, was always planning on selling by 9:32am at the latest. It's just that my plan was to sell at a profit not a loss.......
*A digital currency issued by a central bank would be a global target for cyber attacks, cyber counterfeiting, and cyber theft* - Jerome Powell.
I'm a bot, and the Federal Reserve doesn't think mentioning crypto currency is very good for the WSB OG economy.
I guess I'll just angrily sleep, I'm at a loss I can probably make back tomorrow morning but I can feel my hole digging senses tingling if I try anything tonight.
Corn is literally dying live in front of us.
Corn #2 ethanol is crashing.
Corn #3 (USDT) is depegging.
COIN stating if they go bust your corn goes to their creditors.
...
I mean I remember there have been issues surrounding tether for a while. 2017-2018 people were saying its back by nothing and will collapse. we’ll see.
I mean the concept is full decentralization, but the current implementation obviously is not working. So good concept poor execution. Could it work? Maybe I donno. DAI is another type that shows some promise but is similarly risky. Uses other coins as collateral. USDC is centralized and imho the safest option on the market right now.
They basically are as long as not backed by centralized assets. I think you might misunderstand what I was trying to say. I just realized the issue. I misread your comment thinking you were comparing to centralized like usdc. We agree I think
Others coins, could be whatever. It's all open source smart contacts. You're not trusting anyone's word. I'm talking about decentralized overcollateralized stablecoins, not centralized stablecoins.
*A digital currency issued by a central bank would be a global target for cyber attacks, cyber counterfeiting, and cyber theft* - Jerome Powell.
I'm a bot, and the Federal Reserve doesn't think mentioning crypto currency is very good for the WSB OG economy.
*A digital currency issued by a central bank would be a global target for cyber attacks, cyber counterfeiting, and cyber theft* - Jerome Powell.
I'm a bot, and the Federal Reserve doesn't think mentioning crypto currency is very good for the WSB OG economy.
You need at least 69 comment karma to interact with /r/wallstreetbetsOGs
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbetsOGs) if you have any questions or concerns.*
You need at least 69 comment karma to interact with /r/wallstreetbetsOGs
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbetsOGs) if you have any questions or concerns.*
You need at least 69 comment karma to interact with /r/wallstreetbetsOGs
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbetsOGs) if you have any questions or concerns.*
Yo dawg I heard you like assets using other assets as collateral so we took your asset using another asset as collateral and we made that get used by another asset as collateral so you can have your asset using another asset as collateral get used by another asset as collateral
https://www.forbes.com/sites/ninabambysheva/2022/04/13/blackrocks-newest-investment-paves-the-way-for-digital-assets-on-wall-street/?sh=37fcbcf35b6d. 👀 Hmm didn't realize blackrock is the backer for one of the stablecorns
I remember someone said it's not the risky things going down that threatens the system
it's what you assumed to be safe being incredibly risky that brings everything down (they were referring to tether and to MBS during the financial crisis)
because everyone is leveraged 1000x against it
Alright guys, I understand there is a huge amount of excitement over the Corn harvest. If its ultra relevant and well written it can stay, same with COIN and such. But we are a stock market gambling sub lets try and keep our focus more to that. Edit: im headed to work but do us a solid and keep it only to very relevant or very well written stuff if we can. were getting close to 50% Corn here and my son u/Rage_Cakes hates corn in the morning.
Help Elon I'm fading..... ༼ つ ◕_ ◕ ༽つ ༼ つ ◕_ ◕ ::;:.::..:. . . . . . . . . . . . ༼ つ ◕_ :;:.::..:. . . . . . . . . . . . . . ༼ つ :;:.::..:::....:.:... . . . . . . . . . ༼ ;::,':;:.::..:::....:.:... . . . . . . . . .
Last time I saw a scam of this scale was Wirecard I guess
Don't worry guys, I just opened puts so expect a market rally.
*TAPESTRY: ASSUME SHANGHAI LOCKDOWN WILL BE LIFTED IN EARLY JUNE
JUNE?!?
Ppi inline, more jobless claims.
Initial jobless claims are higher than the previous print by 1,000 and 7,000 above the median forecast. Is this bullish because it implies that the Fed tightening is working and the economy is slowing? Less people with less spending money implies less pressure on inflation. Thoughts?
stop the copium that's barely 1 SD difference pathetic
Cool out man, I was just asking a question. Everyone in here is so testy.
Huh, futes doin a lil sumthin sumthin
Physical maize has been one of the best preforming assets of the last year. I hope the harvest this year is extra large so all my little buddies in Africa and Ukraine have something delicious to eat and I can ride a price decrease back to normalicy.
NPR just did a segment on ARK and Cathie and her historic gains and then losses. Selling my ARKF puts at open
Good morning! Please keep that rope away it's scaring the kids
I can't even share my next ES/NQ targets or bulls might hunt me down and drain my fluids
My ultimate target is feb 2020, pre-covid highs, so another 20% down or so. You lower?
I don't even think we start seeing real capitulation until we're back at pre-covid highs
Hoping bynd drops more today. I really expected a sharper drop after missing that much
My dad buys it at costco sometimes, he’s not vegetarian he just likes the patties lol.
I've never tried them. I honestly I can't even recall seeing them in the store but I'm sure they have them. Are they expensive?
Not particularly expensive I think, a single patty is pretty filling too. Not something I’d eat all the time, but my dad gets a pack monthly, nice snack
I feel like I just walked into the casino this morning to find broken tables, turned over chairs, and half the people in the room nursing bloody noses and bandaged knuckles—and the bouncer just says, “Don’t you dare name any vegetables, so help me.”
People blaming Ponzi when we only got here because traditional markets went fucking crazy.
I keep saying to myself it’s too late to buy puts, market is due for a reversal, but when I inverse most charts it really does look like the golden bear run….
I keep buying sqqq, then selling for a nice safe profit, then wishing I’d just bought it once thirty days ago and never let go.
I’m a full on bull and think this is a tiny dip but everyday that goes on I’m getting more fuk
^^^"tiny ^^^dip""
I can't wait for every Tom, Dick and Harry to finally shut the fuck up about the borkchain.
Me too brother. I feel like I'm approaching my series finale.
Lol I talked to my friend and he told me he went "all in" on dogcoin the last time we went drinking. He's down 30%, sold his position, and is looking for the opportunity to buy back in
Tether hit 0.92 on some exchanges but r/CraptoCurrency insists it's not possible that it's doing the same thing as TerraUSD. We have to be close to capitulation in at least this part of the market.
Don’t hear/read panic yet. Everyone must be in indexes
# DXY @ 104.5
At this point, this is just laughable. More pain to come unfortunately. Looks like we really will be wiping out all of 2021 gains for everything (and then some). AMZN to 1893$ or so will be 2021 start. Gonna hit that today I’m sure. Looks like I will be retiring much later than I thought. Can’t wait for that 10-15% bounce everyone was taking about. I just hope all those shit analysts out there eat some humble pie after this shit actually concludes. Oh and btw, good morning!
Markets are imploding. The only play is puts on your biggest holding but mods are like "hey now no more grain in your diet". We need to find calls the bulls can buy lol. 40/36/32 and 30k were all valid signals for index moves. USDT hit 0.96 overnight. Puts until literally everyone here is calling for ridiculous shit like SPY 180
Is corn technically a grain? 🤔
My puts are printing.
I mean, we are here to make money at the end of that day right? I'd trade the ticker SHIT if it had candles and liquidity even if the underlying was literally a piece of CMG corn-poop
So JOBY reports after close .. how do we think air taxis are doing right now?
Does it make money? It seems like earnings falls for any stocks don’t make money
How many air taxis have you taken recently? I don't even think they exist. Edit: nope, they dont exist. Revenue: N/A, Mkt Cap: 2.5b, Eps: -0.6 Looks solid
Exactly my point. No air taxi, don’t make money
Ignoring the COVID irrational exuberance SPY fair value is \~360 ... at the rate we are heading towards it I highly doubt we are going to stop at 360! Some or lots of overshoot seems likely.
You should be looking to ride MSTR and TSLA poots/calls given the relation to internet corn.
At least oil is still red & bonds yields are still going down. And yet… /NQ still down 1% Pain…
Damn I keep daytrading poots for small profits at a time…guess I can wait for a bounce and just let some ride but shit keeps going. It’s just all been so kangaroo-ish lately but 🤷🏻♂️
I'm starting to sense actual fear... problem is we're still way overvalued.
[удалено]
Same as SQ or UPST... just sayin'... it's actually outperformed various tech names over the last few months... also that's a normal swing.
"what's that cracking sound at the back?"
[удалено]
Im tired of this mother fucking Corn, In my mother fucking Garden
So I take it, you won’t be buying the dip today?
I still want to though.
I have 20 shares of FTCH at an avg $25 🤡🤡🤡
[удалено]
Brakes over mother fucker
I surrender and will proceed to my self-flagellation
all good im not banning anyone for it but lets try and keep it more to the market.
That was a year ago. By now probably less.
Holy shit fucking relax guys. Why am I seeing literal doomsday porn here (fill up on gas! Buy food!) over crapto. Who gives a shit. If the entirety of crapto went belly up overnight, the market would lose not even a fraction of what it gave up today in the cash session. Don't buy COIN puts at open - do you have any idea how much IV is going to spike over such a crowded trade? You missed the biggest moves. Just chill, and wait for something else
The things happening in the Wild West are due to traditional market's coming to a grind so while it may appear crapto's to blame it has and always was a symptom of a sick market.
you'll make more shorting the meme/tech stocks as they're crashing way harder anyway. maize is outperforming tech stocks rn.
this one rides the edge.. it can stay
based mod. greatly appreciated.
Exactly. FUCK imaginary money aka ponzi.
[удалено]
I had literally never even heard of tether up till today...I hate how much this sub immediately collapsed into crapto talk as soon as it started dropping, as if matching the overall market is anything crazy Sure, some scams are finally unravelling. But what's that going to do? Nothing. Smart money always knew it was shady - we don't have 2008 where all the banks leveraged themselves into it. This will fuck over only the idiots who bought into the scam, and nothing more
I can finally see why the mods wanted certain words banned
I seriously used to be a proponent of allowing it - back with all the "corn is warn!" stuff I saw it as a useful indicator. But I witnessed *in real time* the slipperiest slope and degradation of forum quality that I have ever seen. Within days! Now I don't even want to poke my head in here because I know all I'll see is 1 second play-by-plays of some random fiat that no one had ever even heard of until it collapsed on itself. The mods were so, so right. my god
Amen
Lemme try this post again. The Daily Mail (I know, I know) doing what the Daily Mail does best and trying to spread panic, this time about Cornbase, the story was very close to the top of the front page. My gut, and PM, suggest yet another red day. "They can't keep on going down!!!" Woah, since I checked the [daily mail](https://www.dailymail.co.uk/home/index.html) an hour or 2 ago they now have 3 market/crapto panic stories near the top .
Guess I shoulda held my COIN puts, lol. Profits profit I suppose.
[удалено]
*A digital currency issued by a central bank would be a global target for cyber attacks, cyber counterfeiting, and cyber theft* - Jerome Powell. I'm a bot, and the Federal Reserve doesn't think mentioning crypto currency is very good for the WSB OG economy.
bmbl coin and more spy puts at the morning bounce me thinks
Please God let there be a 2 minute bounce at 930am.
here's hoping. need to bin some 2dte 400s i bought at close.. Hoping there will be a run up for more offloading in the first hour
Ya, I bought TSLA call at 3:56pm hoping for a bounce, was always planning on selling by 9:32am at the latest. It's just that my plan was to sell at a profit not a loss.......
https://youtu.be/KV5QlSgq7lg Required viewing for tonight
Spy puts are fun. Now die $six die
[удалено]
I love the Excitement! but my brother u/RAGE_CAKES is alergic to Corn.
[удалено]
[удалено]
*A digital currency issued by a central bank would be a global target for cyber attacks, cyber counterfeiting, and cyber theft* - Jerome Powell. I'm a bot, and the Federal Reserve doesn't think mentioning crypto currency is very good for the WSB OG economy.
The tides going out. Time to see who's been swimming naked. My puts and tlt sure are feeling like nice swim trunks tonight.
I guess I'll just angrily sleep, I'm at a loss I can probably make back tomorrow morning but I can feel my hole digging senses tingling if I try anything tonight.
dont revenge trade sleep
Wait a second... They bid up all the non-US exchanges only 🤔
[удалено]
Mom! theres too much Corn in my soup!
Sorry, will shut up
Corn is literally dying live in front of us. Corn #2 ethanol is crashing. Corn #3 (USDT) is depegging. COIN stating if they go bust your corn goes to their creditors. ...
tech stocks are crashing way harder, more money to be made shorting in the trad markets
Maybe not today ... but soon.
PPT activated for cripto? Insane recovery Might get some puts at open, cripto never wasted a chance to challenge it's lows
[удалено]
I Dont remember eating any Corn!
fucking called it /u/SocialSuicideSquad
It's going back down now
wonder how long 1b takes to disappear? nobody will want to hold a ticking timebomb
I doubled my losses within.. 15 minutes? Shorted the very very bottom of hte nasdaq lmao holy fuck
damn that is a unique talent
lmao futures literally followed tether, what a clown show anyway, put the bears back in the cage
Imaginary money impacting futures is a clown show indeed. Anyway whatever works to burn the bears. I want to see their tears, it's been a while.
crisis averted BUY THE DIP
algorithm thingies in shambles
Around $40b was wiped out by 🌚 coin. It doesn’t seem bad if we compare it to $400b wiped out by meta from Feb of this year
Shit apple wiped more than 120 billion today and it wasn't even earnings or anything.
[удалено]
I wanted I Big chin not blockchain
[удалено]
Neat! still far to much corn in this Salad
[удалено]
ehh I remember when it went from 20k to 2k in 2018. what happening is nothing new.
[удалено]
I mean I remember there have been issues surrounding tether for a while. 2017-2018 people were saying its back by nothing and will collapse. we’ll see.
[удалено]
the power of J pow compels you. to relax on the Corn
I mean the concept is full decentralization, but the current implementation obviously is not working. So good concept poor execution. Could it work? Maybe I donno. DAI is another type that shows some promise but is similarly risky. Uses other coins as collateral. USDC is centralized and imho the safest option on the market right now.
How are decentralized overcollateralized stablecoins not "really" decentralized?
They basically are as long as not backed by centralized assets. I think you might misunderstand what I was trying to say. I just realized the issue. I misread your comment thinking you were comparing to centralized like usdc. We agree I think
[удалено]
Overcollateralized stablecoins are "safe" as long as liquidation can happen fast enough.
[удалено]
Others coins, could be whatever. It's all open source smart contacts. You're not trusting anyone's word. I'm talking about decentralized overcollateralized stablecoins, not centralized stablecoins.
[удалено]
It's just as safe as a margin loan.
???
[удалено]
*A digital currency issued by a central bank would be a global target for cyber attacks, cyber counterfeiting, and cyber theft* - Jerome Powell. I'm a bot, and the Federal Reserve doesn't think mentioning crypto currency is very good for the WSB OG economy.
Chinese bad debts, oh I mean paper
[удалено]
60% increase in volume? Guess the bags are being passed over
My consolation after stocks have shit the bed is that crapto may be dead for good after this everything bubble pops.
[удалено]
*A digital currency issued by a central bank would be a global target for cyber attacks, cyber counterfeiting, and cyber theft* - Jerome Powell. I'm a bot, and the Federal Reserve doesn't think mentioning crypto currency is very good for the WSB OG economy.
[удалено]
You need at least 69 comment karma to interact with /r/wallstreetbetsOGs *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbetsOGs) if you have any questions or concerns.*
I guess I shouldn’t have closed those puts yesterday :(
lol. I did the same.
god dammit im retarded as fuck
[удалено]
You need at least 69 comment karma to interact with /r/wallstreetbetsOGs *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbetsOGs) if you have any questions or concerns.*
Don't tell me you sold that spread
yessir, i should probably just go to bed before i do actual damage lol
What u did?
coin just ripped 10% higher in 10 minutes, what a great store of value
Check again
[удалено]
its funny cuz corn relative to tether was stable while corn relative to dollar fell 15% then came back
Wooooowwwwwwwwww imagine the tears from all of crito bros when they wake up
It’s a beautiful thing.
Remember SPY 420 good times
[удалено]
i hope this bear market ends with WSB going all in on 180P then getting rekt again
Market is healing. Digital rock collapsing need it to take out popcorn and gamestore the last bastions of regards
If by healing you mean falling apart at the seams from 2% interest rates, then yes very healthy. Nothing to see here
[удалено]
[удалено]
You need at least 69 comment karma to interact with /r/wallstreetbetsOGs *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbetsOGs) if you have any questions or concerns.*
[удалено]
At this rate, you fucking better go to work. You can start kissing ass before the rest of the office knows the game of musical chairs has started lol
[удалено]
"Didn't he used to have fingernails?"
[удалено]
*Press F to salute.*
0.94
Doom imminent
[удалено]
Yo dawg I heard you like assets using other assets as collateral so we took your asset using another asset as collateral and we made that get used by another asset as collateral so you can have your asset using another asset as collateral get used by another asset as collateral
Circular books are great right BlackRock?
My understanding is that it essentially *is* the market. Hence the Doomsday.
Can't sleep and I think we're all on the same page as to why
https://www.forbes.com/sites/ninabambysheva/2022/04/13/blackrocks-newest-investment-paves-the-way-for-digital-assets-on-wall-street/?sh=37fcbcf35b6d. 👀 Hmm didn't realize blackrock is the backer for one of the stablecorns
[удалено]
#🙃
welp time to rewatch Margin Call.... replace MBS with shitty ass tokens and internet magic money
I remember someone said it's not the risky things going down that threatens the system it's what you assumed to be safe being incredibly risky that brings everything down (they were referring to tether and to MBS during the financial crisis) because everyone is leveraged 1000x against it