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Hey Nerds: Blockchain

Preston said:
After being largely out of the market last year and using a bunch of capital on gambling to turn over significant profit, the move would have been to dump those profits in a lump sum into SPY or something in early January. But something stopped me. I'm usually not this much of a Michael Burry bitch, I swear.

Anyway have most of my shit in more boomer conservative shit now with a whole wack of fun money I'm holding off on deploying.
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Alright, so is Thumb dead? 6% revenue growth means it's pretty much over, right?

I'm about ready to call it a day so that I never have to see that shitty symbol again.
 
LeafOfFaith said:
Alright, so is Thumb dead? 6% revenue growth means it's pretty much over, right?

I'm about ready to call it a day so that I never have to see that shitty symbol again.
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I have not paid attention to the fundamentals of the spaced since I noticed they were degrading as expected with key markets maturing and margins compressing. The fundamentals will continue to trend down I would presume without some sort of catalyst from DC.

Needless to say, since I have distanced myself from the space, I cannot answer with much confidence other then to say that they have 0 chance of doing anything interesting without legislative action (feels unlikely) and/or a healthy, thriving overall stock market (not looking good right now).
 
With that said, based on their price action compared to peers, they clearly still appear to be the kings of the space. The rest have gotten hit far, far harder.
 
I imagine there must be historical precedents if he’s saying this, but it would have to be some extended period of low volume, not just a few days, but I have no idea if that’s the case historically or even recently frankly.
 
Not sure about /ES but SPY volume has been muted this week.....should pick up as both the month and quarter ends this week. Nasdaq is up about 18% so far this year (72% pace as zeke would say)...so I could see a rug pull.
 
I think I saw a headline earlier that said the market is up 20% and technically a bull market now.

I passed by it, these mean nothing anymore.
 
Still have no idea what "blockchain" is but I've spent thousands of hours trying to figure out how to buy USDC "stablecoin" (which recently dropped 13% before recovering) and transfer it to my "MetaMask" "wallet" on the "Polygon" "network." All I want to do is illegally gamble my life savings on Trump and Biden winning their respective nominations, as the current prices are laughable. In the process, Coinbase has frozen $15k of my money for "security reasons" until September and claims there is nothing they can do about it. I have switched to Crypto.com which for some reason is mobile-only and uses 500-factor authentication any time you want to do anything at all. Crypto is definitely the future, folks. Gosh Bless. (y)(y)(y)(y)(y)(y)(y)(y)
 
Could be an amalgamation of all the top FI trolls rolled into one singular AI persona. Is this the unlimited interactivity we were promised with X?
 
G-Dub said:
Could be an amalgamation of all the top FI trolls rolled into one singular AI persona. Is this the unlimited interactivity we were promised with X?
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LeafGm said:
It's kind of weird to say that it didn't try to be an international competition when six of the teams were straight-up national teams, a seventh was an amalgamation of several countries, and only the eighth team was built around something other than pure nationality.

Which was the problem. If you want to have a tournament where the league's young guns face off against the veterans, that does sound pretty fun. But then do that, rather than some weird Frankenstein mash-up of that idea and an international competition. Or better yet, come up with fun, out-of-the-box ideas for tournaments and do those in addition to a credible international tournament.
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Interesting.
 
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