/biz/ - Business & Finance

Salty, seething non miners ITT fuck.. always been profitable gotta be smart about electricity costs.

>6 years mining

So what's the next big airdrop, I'm talking about uniswap airdrops, not some 2$ shitcoin airdrop

>>23499874
Baste

>>22982612
Those who know, know. No need to discuss anymore

>>22879633
Theres a bug that lets stacklets fuck whales anon

>>22841209
Yes, but no op. You have not met that woman. She is not a flawless 10. You are in love, so you think she is.

>>22800392
Op how many linkies did u accumulate during this dumpcycle?

>>22716240
Pretty based there anon

>>22487462
About $10k worth of crypto should make you in the green. 30k will make you massive gains if you pick the right ones. Welcome to the bigboy league

>>22313568
Exactly one second before i realized that the very consept of truth is subjective, and that the fact that humans see truth as objective is just a desperate attempt to create an illusion of control in the midst of chaos.
> what is chaos for the fly, is order for the spider
Nigger

>>22288219
You think 75% apr is good? Wait till next week. Tides are turning

Just buy and relax. We are all in this together. Many of us have been through this like five or six times. No worries. This is your chance to buy link cheap. Or pnk if you are a nigger, or rsr if you are a pajeet

>>22175848
Its cause of all the scamshilling, defi shit, and india you know? We need flags. But i still want to be homo

I'm in so early after selling chainlink last week before the dip.

There's a new coin on the block, well, token that's performing fantastically and got a 30% boost today for being listed.

And when I view all of /biz/, catalog, not one post about it.

This is smart money, frens.

If you know what I'm talking about, don't mention it, /biz/ doesn't deserve it due to the influx of redditors.

>>18610600
go all in on a penny pharma stock on the NASDAQ and kys if it doesnt work out

>>18358232
GMI

>don't hold SQQQ / TQQQ anon
>it costs money overnight anon
>ETF decay makes you ded anon

listen up, dumbfags:
Most leveraged products which represent an index do so by regular swaps. This means it follows the index for a certain time, for example one day, checks it's % difference between open and close and then applies this to the tradeable product. This is not a problem if the product is not leveraged, however has a generally unwanted effect on leveraged products, where the product over time differs from the index it tries to represent.

Example, 2x S&P500 ETF, daily swap

Start day 1: S&P500 is 2000; ETF is 2000
End day 1: S&P500 is 2200 (up 10%); ETF will be 2400 (+2x10%)
End day 2: S&P500 is 2000 (down 11%); ETF will be 1872 (2400 - 2x11%)

So as you can see, although the index is worth the same from going sidewards, the ETF lost in value.

This money does not "dissapear", it's a math issue.
You can make use of this effect, if the market goes up several days in a row, the product rises more than the actual index.
However, the stock market more often has up-and-down alternating days rather then several days up, so you generally lose because of this.
This doesn't mean you can only hold intraday - 2x is generally okay for a few days, maybe even weeks depending on your strategy. 3x could also be okay for a few days. Everything above gets very high risk / little reward to hold for more than a day.
Problem with leveraged ETFs is the little chance of "winning": Market goes down - you lose, market goes sideways - you lose, market goes up - you win. 1/3.

TLDR: Read it, you are not really working right now anyways