Poll of the Day > My friend made $100k in bitcoin this month.

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CountessRolab
05/27/17 1:44:18 PM
#53:


Gradieus posted...
CountessRolab posted...
Gradieus posted...
CountessRolab posted...
Gradieus posted...
CountessRolab posted...
Gradieus posted...
He'd make more just buying monthly calls of AAPL and AMZN.


Options speculation is arguably even stupider than buying bitcoin.


Not at all. You just don't know how to do it properly. Beats having 200k+ in bitcoin.


LMAO
As someone with a degree in finance and who has been trading since I was 17, I find that statement hilarious. Excluding covered calls, unless you are using options to hedge portfolio risk, you might as well just go to vegas (or buy bitcoin).


Maybe you should go back to school then. 200k in bitcoin is grade A moron.


And putting $200k in a monthly derivative contract that will expire worthless in 3 weeks unless there is a massive upswing in the market is better? Give me a break.
That is stupid on a normal day, but even worse in the currently overvalued climate.


Why would you put all of 200k into monthly calls when the potential for return is far greater? Massive uptick? Since when is 1% massive?

Spoken like someone who doesn't know what they're talking about. Also lmao at the 25% drop in bitcoin in a week.


lmao
You and my friend would get along great.
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Zareth
05/27/17 2:05:35 PM
#54:


It will be so, so sweet when it finally crashes.
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Revelation34
05/27/17 6:11:48 PM
#55:


Zareth posted...
It will be so, so sweet when it finally crashes.


Well things that will never happen are sweet I suppose.
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InfestedAdam
05/30/17 2:02:20 PM
#56:


Zareth posted...
It will be so, so sweet when it finally crashes.

Funny. My cousin and I were talking about stocks this weekend and he feels it is just a bubble now ready to pop at some time.
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jamieyello3
05/30/17 2:07:53 PM
#57:


InfestedAdam posted...
Funny. My cousin and I were talking about stocks this weekend and he feels it is just a bubble now ready to pop at some time.

I'll be sure to buy some next time they're worth nothing.
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InfestedAdam
05/30/17 2:09:29 PM
#58:


jamieyello3 posted...
InfestedAdam posted...
Funny. My cousin and I were talking about stocks this weekend and he feels it is just a bubble now ready to pop at some time.

I'll be sure to buy some next time they're worth nothing.

I have half a mind to try that as well. Just throw $100 or something and see where it goes in another decade or two. Though I wonder how many others are considering the same.
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