Hey Nerds: Blockchain

[Preston]

Funny part is they would have turned green if they posted those earnings in January.

 

[Habsy]

We're such a bunch of dickheads. We've been posting in a blockchain thread for years, none of us have invested in crypto, and if we had invested in it instead of all the other shit, we'd be billionaires right now.

Tell me about it. I'm still lamenting not picking up 500 bitcoin in 2016 when I almost pulled the trigger.

 

[LeafOfFaith]

No biggie, it'd only have been like $28M now.

 

[Preston]

I hope Curaleaf crushes it!!!

Arizona rec legal sales should provide a nice boost and account for most of their growth. GO BOJO!!

/No position

 

[CH1]

No biggie, it'd only have been like $28M now.

That's only Josh Anderson money

 

[CH1]

honestly, the entire market looks poised to flush.. Nasdaq buyers need to show up soon

frustrating day...made a few bucks but had a pronounced bear bias that I didn't really press. #ithappens

 

[Preston]

Nice, but uninteresting beat on Curaleaf. They beat the high-end of their guidance. They're learning to underpromise!!!

 

[Preston]

Their Q2 guidance is kind of huge though. 305-315m. Do I trust them? That's ~1.25b annual run rate. Crazy. They may get to a 1.5b run rate by Q4 and that's without NY/NJ legalization.

Doesn't matter re: stock performance but these guys make sales.

 

[fergy57]

We're such a bunch of dickheads. We've been posting in a blockchain thread for years, none of us have invested in crypto, and if we had invested in it instead of all the other shit, we'd be billionaires right now.

This is partly untrue. I may have missed the boat from a couple years ago, but I did go fairly heavy into the crypto this year.

 

[CH1]

This is partly untrue. I may have missed the boat from a couple years ago, but I did go fairly heavy into the crypto this year.

DogeCoin was a > 200 bagger since Jan. The thing is, I also think it's straight up gambling and the less you know about 'investing" the better your returns will be.

Personally, I feel a little bit like a radio star who didn't completely wrap his around the advent on TV.

I take full responsibility for not turning 1k into 200K...but everything is easy in hindsight.

Congrats if you banked coin....you earned it.

 

[Preston]

And honestly investing in that shit in January felt like a mistake at the time. At least for me. Throwing money into what felt like extreme, peak euphoria just felt dangerous.


Not that I ever thought about doing it even before. That's what keeping me from feeling any regrets!! Not like I was ever seconds away from pulling the trigger.

 

[Preston]

Tldr: if it feels dangerous your potential upside is likely ginormous.

 

[Preston]

 

[CH1]

And honestly investing in that shit in January felt like a mistake at the time. At least for me. Throwing money into what felt like extreme, peak euphoria just felt dangerous.


Not that I ever thought about doing it even before. That's what keeping me from feeling any regrets!! Not like I was ever seconds away from pulling the trigger.

Same here...I don't feel regret any more than I do about not picking the winning numbers in the Lotto Max I didn't play last week.

I got enough room for improvement within my universe of boring old stocks -- there's enough potential there to keep me flush.

 

[CH1]

Tldr: if it feels dangerous your potential upside is likely ginormous.

and if you don't feel the danger your potential returns can be astronomical

that's why Soros's firm always hire young, inexperienced traders during a bull market....ie second half of 2020 continually pressing buy >> assessing risk

 

[LeafOfFaith]

Same here...I don't feel regret any more than I do about not picking the winning numbers in the Lotto Max I didn't play last week.

I got enough room for improvement within my universe of boring old stocks -- there's enough potential there to keep me flush.

Did you sell out of everything, Peloton, Pinterest, Fastly?

 

[CH1]

Did you sell out of everything, Peloton, Pinterest, Fastly?

Still have Pinterest. Stalking Fastly for a rebuy. Still have a tiny bit of Roku.

 

[LeafOfFaith]

Figured you'd have bailed at the first sign of trouble.

Sometimes want to also, but then remember I'll have tax liability if I do, so I sit tight.

 

[CH1]

Naz currently dumping another 150 pts in the overnite session.

 

[CH1]

Figured you'd have bailed at the first sign of trouble.

Sometimes want to also, but then remember I'll have tax liability if I do, so I sit tight.

I sat pretty tight with my tier one pot stocks....so I'm not immune to the pain.