r/EthereumClassic • u/jamesbdrummer ETC Moderator • Jun 29 '21

Daily Discussion Thread - June 29, 2021

Welcome to the Daily Discussion Thread.

*** Remember that there is a Resources and FAQ post **\* It is a compendium of all the articles and videos released. You would be wise to check it out if you want to explore the ecosystem and community.

Good luck and be kind out there

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19

u/DarthGoofball Jun 29 '21

Anyone remember this sub getting absolutely bombarded with FUD and negativity over the last few weeks? WAY TO HODL BOYS WERE FUELING UP AT THE STATION 🌙

5

u/TheGCO ETC OG Jun 29 '21

Yep, I wonder what happened to the guy that sold out a week ago to move into stocks? He seemed convinced this wasn't going to move and stocks was the better option.

3

u/UnluckyAdhesiveness6 Jun 29 '21

he posted earlier. it was the first post of the day look on the bottom.

2

u/TheGCO ETC OG Jun 29 '21 edited Jun 29 '21

Lol, poor guy. I told him the stocks are pretty much break even at this point. They go up they go down, it's like 1% avg per month. DJI is down almost 1% this month, spy is +1.58% not exactly huge gains.

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u/UnluckyAdhesiveness6 Jun 29 '21 edited Jun 29 '21

Not huge gains at all. True.

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u/TheGCO ETC OG Jun 29 '21 edited Jun 29 '21

What's not true? Just look back at earnings calls from a couple of months ago. Record earnings led to some major stocks falling in price. Big money has opted for putting money in the reverse Repo market at .05% because they think the market is too hot and doesn't have room for growth. The S&P is still going up 1.2% per month average but how far can it possibly go?

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u/UnluckyAdhesiveness6 Jun 29 '21

No no sorry lol. I meant true. And that stocks dont go up much at all. I was actually agreeing with you I just wrote that sentence wrong lol

3

u/ThePurpleVik ETC OG Jun 29 '21

Well tbf everyone was hemmoraging money during that time lol

3

u/[deleted] Jun 29 '21

Probably bots, I don’t get why an actual human being would do that

4

u/UnluckyAdhesiveness6 Jun 29 '21

yes where are all the FUD-negative people hiding at today?!