Siam Commercial Bank moving into Crypto, why aren't you?

[LoveThai94]

Just now, LoveThai94 said:

We are on to algo trading these days, what you saying?

You have no idea about trading!

What platform do you use? walk the talk.

Hello Melvin capital,  don't get squeezed out.

[lkn]

19 minutes ago, LoveThai94 said:

Lets get into the developer stuff, go on git hub or sourceforge and see what is being developed on blockchain.

Your statement was that “crypto is changing financial markets as we speak”.

 

Conclusion: They are not!

 

Blockchain is useful for regulatory arbitrage, because here people are willing to pay a higher price for censor resilient transactions. It is not useful in regulated markets where you have trust. Not to mention that reversibility and having someone responsible is actually considered a desired feature by most consumers.

[lkn]

20 minutes ago, LoveThai94 said:

How well are you banks doing with the wider markets?

You said that stocks are not based on fundamentals, otherwise, why would higher interests cause them to go down.

 

I explain to you how making it more expensive to loan money means less profit for companies (that get funding via debt) and less spending by consumers (who have debt, which is now more expensive).

 

Then you say, but then why are bank stocks being crushed, implicitly that they should actually benefit from higher interests. And I reply and tell you, actually, bank stocks are not being crushed, many are up year-to-date.

 

And now you are just quoting a dozen stocks, and your argument is what?

 

If you want to look at stock valuations, we have to look at companies case-by-case, you can’t just say, Wells Fargo is being crushed because Apple stock is higher over last 5 years… on the contrary, this just illustrates that it is based on fundamentals, because Apple has made a hell of a lot more money over the last 5 years than Wells Fargo. But now, Wells Fargo, YTD, may have outperformed Apple in %-gain, and that is because the future cashflow of Apple looks worse, where future cashflow of Wells Fargo looks better…

 

Though really, these discussions about what happened last week in the stock market are sort of missing what stocks are about. Sure, there are volatility, but any meaningful discussion should be had looking over the longer term, where fundamentals do play a significant role in stock valuations.

[ThLT]

20 minutes ago, LoveThai94 said:

We are on to algo trading these days, what you saying?

You have no idea about trading!

Okay, algorithmic trading. And? What does this have to do with what we were talking about?

 

Every time you reply, you just say random facts about this or that. Post a Jim Cramer article, or a list of links of stocks. And almost never reply to anything. Empty posts.

[lkn]

21 minutes ago, LoveThai94 said:

We are on to algo trading these days, what you saying?

Algo-trading is more about profitting from inefficiencies in the market, i.e. arbitrage opportunities. Of course there are also some that try to do strategies based on news feeds, TA, etc.

 

But this is an entirely different part of the market. A stock exchange exist primarily for businesses to raise capital they need to run their business and turn a profit, that then gets returned to the investors (i.e. those who funded the business). Major investors are still doing it this way, and investment banks are still selling their research to investors, to try to gain a knowledge advantage and investing in the most profitable markets/businesses.

[LoveThai94]

9 hours ago, lkn said:

Your statement was that “crypto is changing financial markets as we speak”.

 

Conclusion: They are not!

 

Blockchain is useful for regulatory arbitrage, because here people are willing to pay a higher price for censor resilient transactions. It is not useful in regulated markets where you have trust. Not to mention that reversibility and having someone responsible is actually considered a desired feature by most consumers.

This is your conclusion or did you find this on the internet?

[LoveThai94]

9 hours ago, lkn said:

You said that stocks are not based on fundamentals, otherwise, why would higher interests cause them to go down.

 

I explain to you how making it more expensive to loan money means less profit for companies (that get funding via debt) and less spending by consumers (who have debt, which is now more expensive).

 

Then you say, but then why are bank stocks being crushed, implicitly that they should actually benefit from higher interests. And I reply and tell you, actually, bank stocks are not being crushed, many are up year-to-date.

 

And now you are just quoting a dozen stocks, and your argument is what?

 

If you want to look at stock valuations, we have to look at companies case-by-case, you can’t just say, Wells Fargo is being crushed because Apple stock is higher over last 5 years… on the contrary, this just illustrates that it is based on fundamentals, because Apple has made a hell of a lot more money over the last 5 years than Wells Fargo. But now, Wells Fargo, YTD, may have outperformed Apple in %-gain, and that is because the future cashflow of Apple looks worse, where future cashflow of Wells Fargo looks better…

 

Though really, these discussions about what happened last week in the stock market are sort of missing what stocks are about. Sure, there are volatility, but any meaningful discussion should be had looking over the longer term, where fundamentals do play a significant role in stock valuations.

Naw, everyone thought the blue chips will perform with higher interest rates.

Higher interest rates is a double edge sword for banks.

 

Cashflow and balance sheets is not why some banks went up this year, go and research and come back with the answer.

[LoveThai94]

9 hours ago, ThLT said:

Okay, algorithmic trading. And? What does this have to do with what we were talking about?

 

Every time you reply, you just say random facts about this or that. Post a Jim Cramer article, or a list of links of stocks. And almost never reply to anything. Empty posts.

I have things to tend to, do you really think i could waste my time on a day like today when the market was so hot?,

not afraid of responding, really?

 

The algo trading was a joke in response to what you said, did you google that?

 

For the Jim Cramer article i just got you a quick reference, i don't share information that i use with people outside of my circle.

 

 

 

[LoveThai94]

9 hours ago, lkn said:

Algo-trading is more about profitting from inefficiencies in the market, i.e. arbitrage opportunities. Of course there are also some that try to do strategies based on news feeds, TA, etc.

 

But this is an entirely different part of the market. A stock exchange exist primarily for businesses to raise capital they need to run their business and turn a profit, that then gets returned to the investors (i.e. those who funded the business). Major investors are still doing it this way, and investment banks are still selling their research to investors, to try to gain a knowledge advantage and investing in the most profitable markets/businesses.

Last time i check there are no straight lines in stock charts, if there is a stock out there with a straight line maybe you can share it with me.

 

I don't do algo trading just messing with you guys but i do trading on technical analysis not too much with the fundamentals but still pays attention to firm up my position.

 

Yes the market was created so that companies can raise capital.

However with seed money, venture capitalist and spac's the simple investor just get caught with the bag.

Not to mention cooking the books and letting trucks roll down hills,

We have to stay on the upside at all cost.

[lkn]

20 minutes ago, LoveThai94 said:

Cashflow and balance sheets is not why some banks went up this year, go and research and come back with the answer.

You tell us bank stocks got crushed, then you tell us they are up, but not because of what I think, and I should go research, yet earlier you also told us that stock valuations are pure speculation decoupled from fundamentals, so what is there to research? And who cares anyway? You said bank stocks were getting crushed, they are not. No need to research anything.

 

You are all over the place, and making zero sense.

 

23 minutes ago, LoveThai94 said:

Naw, everyone thought the blue chips will perform with higher interest rates.

Everyone thought? Clearly the market did not think so, and the higher interest rates are not even here yet…

 

29 minutes ago, LoveThai94 said:

This is your conclusion or did you find this on the internet?

It is pretty obvious to most people. If you disagree, make a coherent argument or just leave it be.

 

15 minutes ago, LoveThai94 said:

i don't share information that i use with people outside of my circle

LMFAO…

[LoveThai94]

3 minutes ago, lkn said:

You tell us bank stocks got crushed, then you tell us they are up, but not because of what I think, and I should go research, yet earlier you also told us that stock valuations are pure speculation decoupled from fundamentals, so what is there to research? And who cares anyway? You said bank stocks were getting crushed, they are not. No need to research anything.

 

You are all over the place, and making zero sense.

 

Everyone thought? Clearly the market did not think so, and the higher interest rates are not even here yet…

 

It is pretty obvious to most people. If you disagree, make a coherent argument or just leave it be.

 

LMFAO…

Higher interest rates is a double edge sword for banks.

Not everyone thinks any stock would go up but most banks stock are considered cheap so they think the buyer would run in.

Well they did and got rebuffed by the sellers.

[Neeranam]

Anyone heard of this investor?

 

 

[Yellowtail]

1 hour ago, Neeranam said:

Anyone heard of this investor?

I think it's hilarious when "investors" make commercials. 

[Neeranam]

On 1/21/2022 at 12:17 PM, ThLT said:

I'll answer after you answer my question that you didn't answer. ????

 

I answered your question. 

 

 

[Neeranam]

On 1/20/2022 at 8:50 PM, ThLT said:

1. You don't know how Bitcoin and cryptocurrencies work. ????

2. You don't even believe in what you are investing in.

So essentially, you're only in it for the quick money?

I'm not sure why you are attacking me here. I don't know much about Bitcoin mining, so what? I don't own any Bitcoin.

 

I answered your question already. Yes, I am in crypto for the money, hopefully quick, like most people I know.

[Neeranam]

39 minutes ago, Yellowtail said:

I think it's hilarious when "investors" make commercials. 

He's sharing his portfolio, quite normal for investors. 

[Yellowtail]

Just now, Neeranam said:

He's sharing his portfolio, quite normal for investors. 

Not in this thread. No one will even say who their broker is....

[Neeranam]

2 minutes ago, Yellowtail said:

Not in this thread. No one will even say who their broker is....

Why not?

[Neeranam]

On 1/21/2022 at 8:07 AM, Pravda said:

Oh dear.....

 

https://www.coindesk.com/policy/2022/01/20/bank-of-russia-calls-for-full-ban-on-crypto/

 

So essentially the 24/7 hour casino is closed for Chinese, Indians, and soon Russians. That's more than half a planet. This does not look good at all for crypto.

Casino? What are you talking about?

 

You totally miss the point, crypto can't be banned. Chinese and Indians just use foreign exchanges. 

[Neeranam]

22 hours ago, Muzzique said:

It's way to complicated to explain but for the uninitiated it's going to be a nightmare to wade through. This is pure Gen Z stuff.

I think the problem we have in discussing crypto is that the haters are boomers and basically don't know how to buy it  or have missed the boat. 

They continually look for ways to criticize it, but are looking more and more ridiculous as it is being adopted worldwide.

[Pravda]

3 minutes ago, Neeranam said:

Casino? What are you talking about?

 

You totally miss the point, crypto can't be banned. Chinese and Indians just use foreign exchanges. 

Yes. It's so easy to open in foreign exchanges which are completely controlled by governments.

 

More expected misinformation from you.

 

But keep dishing the emojis

[Neeranam]

Elon Musk, Jack Dorsey, Cathy Wood on Bitcoin - 

 

 

[Neeranam]

1 minute ago, Pravda said:

Yes. It's so easy to open in foreign exchanges which are completely controlled by governments.

 

More expected misinformation from you.

 

But keep dishing the emojis

What misinformation?

 

What do you mean exchanges are owned by governments? None of the ones I use are. 

 

Why are you so sensitive about your emoji  'reputation'? 

[Pravda]

3 minutes ago, Neeranam said:

What misinformation?

 

What do you mean exchanges are owned by governments? None of the ones I use are. 

 

Why are you so sensitive about your emoji  'reputation'? 

 

Why are you sensitive about precious Bitcoin? It only dropped another $200 since you posted the video 5 minutes ago. 

 

And 50% drop since its high.

 

And please name the exchanges where Chinese can open the account. I'm curious.

 

 

Edited January 22, 2022 by Pravda

[Neeranam]

Just now, Pravda said:

 

Why are you sensitive about Bitcoin? It only dropped another $200 since you posted the video 5 minutes ago. 

 

And 50% drop since its high.

 

 

How am I sensitive about Bitcoin? I don't have any. 

 

You post some strange things. 

 

Buy the dip. 

[Yellowtail]

2 minutes ago, Pravda said:

 

Why are you sensitive about Bitcoin? It only dropped another $200 since you posted the video 5 minutes ago. 

 

And 50% drop since its high.

 

 

Yes, now it's only up 20% YOY

[Pravda]

2 minutes ago, Neeranam said:

How am I sensitive about Bitcoin? I don't have any. 

 

You post some strange things. 

 

Buy the dip. 

 

But you own polkadot - down 75%

 

Yes, I'm buying the dip, but not HODLing. Never.

[Neeranam]

7 minutes ago, Pravda said:

 

But you own polkadot - down 75%

 

Yes, I'm buying the dip, but not HODLing. Never.

I do, what's your point? I bought it 14/15 months ago at $4-5 and get 12% apr on it. 

 

Edited January 22, 2022 by Neeranam

[Pravda]

5 minutes ago, Yellowtail said:

Yes, now it's only up 20% YOY

Wait a few days

[Neeranam]

1 minute ago, Pravda said:

Wait a few days

Did you miss the crypto boat or something that you are intent to bring it down?

 

Why would you delight in Bitcoin losing value?  Is it only so you can say, "I was right when I never bought Bitcoin at $1"?