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the market: stocks, bonds, options, whatever

thujone said:
$45/TB is only $0.045/GB and AWS S3 pricing is currently $0.09/GB from 1-10TB, so exactly double the cost of Storj. AWS also charges $0.04/GB to serve from edge nodes, and other nickel n dime stuff that Storj doesn't charge for.

It remains to be seen how successful Storj will be long-term, but the point was mainly that there are many niches in the online economy, some of which we don't even know yet, that can be filled by smart contracts and utility coins.

OTOH there's Bitcoin, which has lost ground to Tether in trade volume, demonstrating that economic activity favours stability. Litecoin and Monero are still chugging along at a pretty stable price, AFAIK Monero has already been replacing Bitcoin for a lot of darknet commerce, maybe we're not too far from Bitcoin being phased out altogether.
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I think you are confusing s3 and cloudfront maybe?

S3 Pricing

aws.amazon.com aws.amazon.com

First 50 TB / Month$0.023 per GB
Next 450 TB / Month$0.022 per GB
Over 500 TB / Month$0.021 per GB
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Cloudfront on the other hand is basically a CDN (not file storage).

CDN Pricing, Plans & Free Tier - Amazon CloudFront - AWS

Explore Amazon CloudFront CDN pricing, including flat-rate prlans from $0/month and flexible pay-as-you-go options. Try CloudFront CDN for free and deliver secure web apps, APIs, and streaming content with predictable monthly pricing.
aws.amazon.com aws.amazon.com

Regional Data Transfer Out to Internet (per GB)
First 10TB$0.085$0.085$0.110$0.110$0.114$0.114$0.140$0.170
Next 40TB$0.080$0.080$0.105$0.105$0.089$0.098$0.135$0.130
Next 100TB$0.060$0.060$0.090$0.090$0.086$0.094$0.120$0.110
Next 350TB$0.040$0.040$0.080$0.080$0.084$0.092$0.100$0.100
Next 524TB$0.030$0.030$0.060$0.060$0.080$0.090$0.080$0.100
Next 4PB$0.025$0.025$0.050$0.050$0.070$0.085$0.070$0.100
Over 5PB$0.020$0.020$0.040$0.040$0.060$0.080$0.060$0.100
Click to expand...

Oh yeah, I sure lots slid into tether when BTC was approaching 40k. If I were to escape the country would simply put my life saving into BTC, go into tether, hop on the plane with my ledger and be able to carry way over 10k :)

As long as you can weed out the strange coins, still too many good reasons for crypto.

And thinking how much BTC I spent on silk road, even a futon (I paid around 3.5 btc for a futon from overstock back in the day, that I ended up throwing in the garbage) kinda makes me sad. Could of waited and bought a mansion really if I held it all. Not to mention all the BTC on mined back into the day and sold as I mined. Makes you sick a bit thinking of it.

Certainly don't feel as bad as some of the guys have lost their keys with countless BTC in them.
 
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Now that the BTC has rallied there's some interest on them. Logic. I guess even the guy who said a few weeks ago it was going to crash is thinking about giving BTC the privilege of having him as investor. I start to think if will take some months or even more to break recent highs. I also start to think there won't be ever be more 80%+ corrections for BTC

I don't trust any crypto that is not decentralised, is hard to tamper/manipulate and has a limited supply, for me anything else than BTC has an incredible risk. If BTC becomes successful as an insurance against crazy monetary policies, Governments will try to crush it somehow, and because they can't, they'll go after other cryptos, like they did with Ripple and Monero recently.
 
TheInvisibleStoner said:
I think you are confusing s3 and cloudfront maybe?
Click to expand...

No, I'm referring to S3 egress costs, which are listed under the "Data transfer" tab. That's the apples-to-apples comparison against the 0.045/GB that Storj is charging for egress. Egress (bandwidth) costs are where all the cloud providers really stick it to you. The low storage costs are the honey and the high egress costs are the trap.

Where Storj and other utility coins/contracts shine is that they are commodifying these resources so that the costs are brought down to what they should be, and not dictated by rent-seeking providers trying to build a moat around their business on the customer's dime.

TheInvisibleStoner said:
Oh yeah, I sure lots slid into tether when BTC was approaching 40k. If I were to escape the country would simply put my life saving into BTC, go into tether, hop on the plane with my ledger and be able to carry way over 10k :)
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Yeah I've done something like this once, except Tether wasn't popular yet so I fled to Monero.

TheInvisibleStoner said:
And thinking how much BTC I spent on silk road, even a futon (I paid around 3.5 btc for a futon from overstock back in the day, that I ended up throwing in the garbage) kinda makes me sad. Could of waited and bought a mansion really if I held it all. Not to mention all the BTC on mined back into the day and sold as I mined. Makes you sick a bit thinking of it.
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Exactly. This kind of regret kills Bitcoin's appeal as a currency because people think twice about spending it when they have it if there's a chance it could be worth much more a year later.

Then the when the price falls, it's a strike against Bitcoin's appeal as a store of value as well. The next shakeout could be a litmus test for the future of Bitcoin - maybe it will stick around as a sideshow, like retail FX, something that only deep pockets, sharks and gamblers will fuck with.
 
GME!!

They say they are pumping this fucker to the moon. I may buy just a share tomorrow and see what happens by eod. Its like a collection of small timers just pumping it afaik.

At the same time tomorrow may be a good time to short it.

Even better naked calls or puts. Either get $0 back or triple really.

Tomorrow casino style fun I guess.
 
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TheInvisibleStoner said:
GME!!

They say they are pumping this fucker to the moon. I may buy just a share tomorrow and see what happens by eod. Its like a collection of small timers just pumping it afaik.

At the same time tomorrow may be a good time to short it.

Even better naked calls or puts. Either get $0 back or triple really.

Tomorrow casino style fun I guess.
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Its meant to be a short squeeze, I grabbed 3 shares. From what Ive heard people are thinking that Friday it could pop I might grab more tmrw but I really dont know enough about it to want to risk more than 500 at the price its at now
 
And here we go...

Market looks like its gonna get tore up today. VIX looking good. BTC of course following with the dump as well.
 
I bought $20 worth of crypto currency through paypal at the first of the month. initially it went up to over $30, but it's now worth just a little over what i paid.. I sold off the lowest holding, bitcoincash, but that's about my limit.. If that market turns around and starts going back up again soon i might buy again, but not as it's losing value..
 
TheInvisibleStoner said:
Certainly don't feel as bad as some of the guys have lost their keys with countless BTC in them.
Click to expand...

My good friend's brother had a wallet from way back in the day when BTC was a novelty and not worth anything, he and his friends all mined when they were kids. He had like 5075 BTC, he can't remember exactly. A couple of his friends were the same. But all of them forgot their wallet info because they were kids and got bored and never thought it would become anything.
 
Also, GME... lol. Damn. I've been watching the market a lot the past couple of weeks. It would be nice to catch a quick profit ride like that, not so sure if that one would be a good idea, seems like I missed it.
 
The back story on GME that I heard is that a hedge fund group is trying to short the stock and a group of /r users noticed the move and are buying the stock in order to thwart the attempts of the hedge group to make a profit. I would be extremely surprised to see GME continue with this trend.
 
Xorkoth said:
My good friend's brother had a wallet from way back in the day when BTC was a novelty and not worth anything, he and his friends all mined when they were kids. He had like 5075 BTC, he can't remember exactly. A couple of his friends were the same. But all of them forgot their wallet info because they were kids and got bored and never thought it would become anything.
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Wow, that would suck so bad. I would never be at peace with that. Still mad all the BTC I spent on dumb shit back in the day could of bought me a mansion and nice yacht today. At least I spent it.

Have a buddy that sold several hundred BTC for $60 each. Today the guy is in pretty bad shape. He brings it up every time I talk to him.

But having lost wallets with even small amounts would suck. Losing 5000 BTC. I couldn't handle it.

That is actually a good thing for everyone though. There is a great deal of BTC that is lost.
 
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Yeah for real. it hurts enough knowing how many BTC I spent on drugs when it was worth tiny fractions of what it is now. Ph well, hindsight, you can't think about what ifs too much or you drive yourself insane.

Man, GME, shit's crazy. Looks like selling is a good bet. I'm considering buying some if it goes down to 200 again, in the hopes that it makes some huge jumps overnight again. But I'm not sure, I have to think about it.
 
Damn it's shooting up again, about $330. Thought about buying some when it was $265 and selling for a quick profit but I feel like I would be playing with forces I don't fully understand, lol.

I did add to my position on my weed company stock, it's dipped a good bit but I'm not trying to short it so I think it was a good buy, it's served me well so far. And I think it's a good investment to go into weed companies that are poised to be at the forefront, as legalization continues and markets get much larger.
 
TheInvisibleStoner said:
There is no money in crypto man. You have to study the market and find little gems which there are millions of. Every single day countless stocks are making huge moves.

BTC only value really is to maybe hedge a bit is all. Like 5% of your total holdings max. Even thinking of that, there are better things to do with that 5% than put it into BTC. If it falls back to sub 20k maybe grab a tiny amount. But again at the same time much better options to spend your cash on than btc.

There were but a few chances to get rich from BTC.

1) Buying waaayyyyy back in the day and holding for years and years.
2) Several mining chances like the 1st couple generations of asics, or when bitmain cracked equihash.

All the opportunities are gone. Even if you bought back when it fell down to 4k in 2019 you would of only 10x your cash if you held all the way to last week. Taking that exact same 4k and putting it into the market in 2019 would of given you much more profits.

As of today (2021 @ 30k), there is really nothing good that can come from BTC outside of some very small scalping profits.
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Bro you said the same thing at 20k right before it soared
 
Branggen said:
Bro you said the same thing at 20k right before it soared
Click to expand...

It only 2x though, far from soaring lol. For less than a week. Then back to 30k. Could of 1.5x your money 500x in the market during that window. Hell, today you could of put on any index today and 2-3x your money in less than 8 hours...

There is nothing in crypto. Very small money there. And it will most likely get stomped out from here. Its following the market as usual. And market about to fall.

VIX flewwwwwww today, 61% Hopefully we get a nice correction from here.

Who know what will happen. But I know my money will be in the market, not BTC. Perhaps a small percent

EDIT: GME is falling hard in after hours. Not sure who would still be holding it. AMC does look interesting. It did 300% today. May toss a couple hundred pre market tomorrow just for the fuck of it. Everyone gonna sell their GME and move it to AMC lol. AMC has been on my radar for other reasons. A lot of entertainment stuff that has been held down because of covid are good long term investments I think.
 
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I grabbed a bit of AMC just in case. I'm like 10% down on it right now but it's cool, gonna hang onto it for a bit until it spikes (hopefully) or sell at a loss after a bit if it seems like it's not gonna manifest, it's not a lot of money.

Bunch of people on reddit talking about holding GME until the hedge fund shorts contacts are up and then artifically inflating it to $5k, lol. It reminds me so hard of crypto circa 2017, a bunch of doofuses shouting WEN MOON in all caps. Like GameStop stock is going to exceed Amazon, riiiiight.

It's interesting following the reddit though, WallStreetBets. They're talking about moving from one stock with lots of shorts to the next, trying to reverse redistribute wealth from the top to the bottom. Interesting idea. I took some tips from what I saw people FOMOing about, put small amounts in a few. I bought some NAKD and it's gone up 70% in like 45 minutes (bought right at market close). Gonna be watching it and sell at maybe 100% gains, don't want to get greedy but various stocks have been getting insane gains today and it seems to have a lot to do with this reddit sub.

I haven't put any more money in than what I already had, and I'm not going to. But going to try to flip this small money into more, and slowly build up that way. This is play money for me, but it would be cool if I grew a bit of a nest egg with it.
 
A question... this is the first time I've done anything after market close. I know post market ends at 8pm. Will it for sure be in the same place when pre market opens as it was left at 8pm? or is there more action that goes on behind closed doors even after 8?

And damn, 4am is pre market open, lol. I guess never mind, I'll just hang onto it and whatever happens happens, to my couple hundo in NAKD. Not gonna wake up that early for small bucks.
 
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