Recent comments in /f/wallstreetbets

LuccaOccidentalis t1_j9wzils wrote

Continued oversupply from Marcellus, Haynesville and Permian associated gas is going to keep things low for a while. Permian gas production is roughly 1 bcfd less than the entire Haynesville play and is worth negative marginal dollars to producers out there. As long as you can make money with oil out there, the associated gas will depress the market.

2

CSMastermind t1_j9wy4kn wrote

Of all the guys I know who divorced, only one didn't get taken to the cleaners by their ex.

He worked as a bartender, and every night at the end of his shift, he'd put $20 into a box that he never opened or told his wife about. Did it for a decade.

The rest of his tip money covered his living expenses, and the money that hit his account from wages was spent on guns, gold, and rare liquor bottles that he had a side hustle trading in.

He's a disabled vet with a pretty high disability rating so he also had a nice income stream that was untouchable in a divorce proceeding.

His wife was a stripper then later a waitress who spent every dollar she made pretty much as soon as she made it.

Never had a kid with her and when they got divorced he had like $1k in the bank and $5k of credit card debt. They split amicably and decided they didn't have enough assets to divide so went their separate ways.

In reality, he had about $60k cash in the house and guns/gold/spirits worth another $200k.

He's on his second wife now and I'm pretty sure she's unaware as well but at least she's much better with her money and understands the concept of savings.

8

BrotherAmazing t1_j9wxw7f wrote

I wasn’t saying everyone should use Bitcoin or that it should or will be adopted by the masses, replace fiat, etc etc. No, I don’t agree with that. I only was remarking that it is one of the few that should be distinguished from the rest of crypto as clearly not being a security (how many cryptos has Gensler publicly admitted again and again that they are not securities?) and it does solve use-case problems and provide value to some people in certain situations, often outside the developed world. I didn’t say anything about the size of the market for those who value using the Bitcoin payment network.

If someone wanted me to give them my jewelry in exchange for a check on a Sunday and I didn’t know them, I would do it. If they offered an ACH or Visa and it was “Pending” I wouldn’t give them the jewelry until it settled if I didn’t know them. That would take some time. If they paid me in BTC and it settled, I’d give them the jewelry.

1

MaterialGuy007 t1_j9wqdr5 wrote

Cathie is banking on Ukraine-Russian war suddenly ending next month. Stock markets (& crypto) will go up 5-7%. All countries including China pushing hard to end war - if there's any short term answer to inflation - its war-end!

1

Trotter823 t1_j9wqcyj wrote

What do any of those use cases do for the average person that is inherently more beneficial than using visa? Just because it’s peer to peer doesn’t make it inherently better or worse. And the transaction fees, time, and inherent complexity of using Bitcoin is going to keep a lot of people out. That says nothing to its volatility which again, proves its not all that good at storing value.

Now if you need to pay for things off grid then it’s fantastic and there’s nothing like it but the number of people who need that isn’t exactly high.

1