Technology

59679 readers

3827 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

1157

Cloudflare took down our website after trying to force us to pay $120000 within 24h (robindev.substack.com)

submitted 6 months ago* (last edited 6 months ago) by starman@programming.dev to c/technology@lemmy.world

196 comments fedilink hide all child comments

Also, interesting comment I found on HackerNews (HN):

This post was definitely demoted by HN. It stayed in the first position for less than 5 minutes and, as it quickly gathered upvotes, it jumped straight into 24th and quickly fell off the first page as it got 200 or so more points in less than an hour.

I'm 80% confident HN tried to hide this link. It's the fastest downhill I've noticed on here, and I've been lurking and commenting for longer than 10 years.

you are viewing a single comment's thread
view the rest of the comments

[–] coolkicks@lemmy.world 15 points 6 months ago (1 children)

I used to be in credit risk for a very large stock market company.

Calling the bottom of the market is the same as betting big and getting 21 in blackjack.

Super cool when it happens, but not skill. The number of grown men I had to hear crying because they were dollar cost averaging down to the bottom until they went broke still disturbs me.

I’m happy this worked for you, but it was not skill.

[–] iopq@lemmy.world -4 points 6 months ago (1 children)

You can't go broke with 1x leverage, and I bought $AMD all the way down from $100 to $70

If it went to $50 I wouldn't go broke, if it went $1 I wouldn't go broke. I just would have missed a bigger opportunity

[–] chiisana@lemmy.chiisana.net 4 points 6 months ago (1 children)

If it goes from $100 to $1, there’s not much left to go before bankruptcy/delisting. Say hello to swaths of BBBY bag holders… oh wait, no bags left there!

[–] iopq@lemmy.world 1 points 6 months ago

It went to $2 in like 2013, close to bankruptcy. But it didn't go bankrupt, and that's all I'm betting on. My point is you don't need to care about where the bottom is as long as you're buying the dip.

Especially if you are just buying $VTI which won't go to $1 any time soon.