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TradFi Markets
47 sats \ 13 comments \ @grayruby 10 May 2023 bitcoin
The Bitcoin rabbit hole is endless and it seems the farther I tunnel down it the more displaced I become from the stock and bond markets, which seem completely corrupted and disinteresting. I still hold a shrinking, but non insignificant portion of my net worth in tradfi markets but I rarely pay attention to them anymore. I am not a trader so I don't really need to care but I was the guy watching CNBC for hours on end (when not working) just a few years ago. I am still quite interested in macro but what happens with the S&P or Apple earnings, snore. Wondering if other bitcoiner's interest in traditional markets has changed?
No- Never followed, don't care20.0%
No-Followed, still follow10.0%
Yes- Followed, dont follow now20.0%
Yes- Followed, follow less now50.0%
10 votes \ poll ended
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10 sats \ 0 replies \ @ek 10 May 2023
I completely skipped tradfi. I had no experience with financial markets before I bought bitcoin so the volatility never bothered me much. I had nothing to compare it with, lol.
Only when I started to read and watch more about tradfi, I realized that a 5% drop in a day already seems to be serious incident and people are happy with 3% p.a.
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10 sats \ 0 replies \ @faradayfedora 10 May 2023
More less I just like grabbing the popcorn and watching bank stocks go to zero
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10 sats \ 0 replies \ @DarthCoin 10 May 2023
Tradfi is a scam. Why do you waste your precious time with scams?
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10 sats \ 0 replies \ @KoreaComK 10 May 2023
In the past, I invested a lot in the stock market. Today, I don't have a penny left in this market and I don't care about it. Bitcoin managed to make me sleep soundly every day, something that never happened when I invested in legacy.
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0 sats \ 8 replies \ @grayruby OP 10 May 2023
@k00b any way we can get an autotip feature for respondents to polls. For example. I put up 1000 sats to initiate poll, and set some kind of paramater, first 20 responses get 50 sats or something like that?
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20 sats \ 7 replies \ @k00b 10 May 2023
Unfortunately, I’m pretty sure this wouldn’t work as well as you think. It would make your poll results less trustworthy - people would spin up fake accounts just to get 50 sats (it happens with invite links all the time).
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0 sats \ 5 replies \ @ek 10 May 2023
(it happens with invite links all the time)
care to elaborate?
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20 sats \ 4 replies \ @k00b 10 May 2023
Invite links are faucets and when they're shared indiscriminately, they get drained. A handful of folks have shared them in public chat groups or on twitter and 5-10% end up being legit people and the rest go to somebody draining them with disposable email addresses.
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0 sats \ 3 replies \ @ek 10 May 2023
Ahh, I see. Didn't think of publicly posting invite links with sats attached. Guess that was too obvious for me, haha
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20 sats \ 2 replies \ @k00b 10 May 2023
Exactly if you've practiced thinking adversarially its pretty obvious, but most people don't think that way (at least in a tech context).
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10 sats \ 1 reply \ @ek 10 May 2023
Honestly, I am not sure if I would not be the one draining the sats, haha
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10 sats \ 0 replies \ @k00b 10 May 2023
lol yeah the best adversarial thinkers are borderline adversaries themselves. A friend from college was into infosec and always scheming.
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0 sats \ 0 replies \ @grayruby OP 10 May 2023
That's fair. I guess it would have to be more complex than I am thinking.
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