r/CryptoCurrency • u/WineMakerBg Make Wine, Take Profits • Jan 28 '25

GENERAL-NEWS Latest Proposal• US Gov to Buy 200,000 BTC annually for 5 years • Hold for at least 20 years • Goal: Halve the U.S. national debt in 20 years

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129

u/Farge43 🟦 543 / 541 🦑 Jan 28 '25

All while whining that Pelosi is an insider trader

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u/Zombie4141 🟦 7K / 9K 🦭 Jan 28 '25

Which she is, but is definitely not exclusively her doing it.

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u/Ok_Computer1417 🟩 522 / 522 🦑 Jan 28 '25

Her trade history for the past decade is literally deep ITM mega-cap tech calls (Apple/Google/MSFT/etc). There is nothing novel about what she’s done. It’s not like she’s snapping up unknown companies before defense contracts are announced or laws are passed. I agree lawmakers should not personally be able to control their investments, but I’ve always found that she’s the most popular example hilarious, because questioning her trade history just makes people sound like morons.

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u/azdcaz 🟦 1 / 1 🦠 Jan 28 '25

Yeah. And she’s been outperformed by about a dozen of colleagues from both sides of the isles.

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u/JawnZ 🟦 218 / 218 🦀 Jan 29 '25

Both sides of the *aisle

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u/ubiquitous_apathy 🟦 0 / 0 🦠 Jan 29 '25

No, he's talking about Hawaii and Puerto rico.

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u/JawnZ 🟦 218 / 218 🦀 Jan 29 '25

yeah, who cares about Guam!... or the US Virgin Islands! American Samoa? ....Northern Mariana Islands?

crap.

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u/azdcaz 🟦 1 / 1 🦠 Jan 29 '25

lol. Didn’t proofread before replying

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u/Yodel_And_Hodl_Mode 🟩 1K / 1K 🐢 Jan 29 '25

You say that as if Republicans don't do the exact same thing. You're like Al Capone, pointing at someone & shouting "Oh my god, THAT guy is a mobster!"

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u/Ok_Computer1417 🟩 522 / 522 🦑 Jan 29 '25

It it helps you sleep at night, then sure.

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u/[deleted] Jan 28 '25

[deleted]

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u/Ok_Computer1417 🟩 522 / 522 🦑 Jan 28 '25

1) Timing doesn’t matter for her trades. Her average trade is a call ITM by already 50%-60% and 99% of them are Apple, NVDA, or MSFT. If the stock goes up she can sell calls and collect the premium and if the stock goes down she’s always so far ITM that they don’t expire worthless and she can hold the underlying asset until she beats the premium she paid. If you have the capital to buy multiple calls that deep it’s literally the smartest play in the Market. You just need the capital.

2) Name one single company she purchased before a major positive move that isn’t a maga-cap tech/growth company that 99% of the market isn’t already in. I’ll make it easy for you: https://unusualwhales.com/politics/profile/Nancy%20Pelosi

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u/[deleted] Jan 29 '25

[deleted]

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u/Ok_Computer1417 🟩 522 / 522 🦑 Jan 29 '25

“I don’t even know how to respond to this.”

Then you probably shouldn’t have… You’re argument for the first point is dumb because she didn’t make “a bet.” She’s essentially DCA’d into the NVDA over the last four years. If loading shares bi-monthly for half a decade is timing the market to you then I’m super curious what not trying to time the market is…

For the second point I just see a ton of words that didn’t answer my question in the slightest so I’m not even going to waste my time.

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u/Evanonreddit93 🟦 0 / 0 🦠 Jan 29 '25

You don’t think purchasing up to 5 million in calls, up to 20x her annual salary, is a bet?

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u/Ok_Computer1417 🟩 522 / 522 🦑 Jan 29 '25

She’s 84, her spouse has been in banking for over half a century, and they have a net worth closer to half a billion than to me. Questioning her salary/investment ratio is probably the dumbest thing I’ll read on the internet today and it’s only 7 am.

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u/Evanonreddit93 🟦 0 / 0 🦠 Jan 29 '25

And where do you suppose she accrued that half a billion net worth from exactly? Buying spy? Or does it seem more likely she used insider information to trade individual stocks? Not a whole lot of other professions you would find someone making such a disproportional “DCA” as you call it. Are all of your takes low iq or just this one? How blind can you possibly be?

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u/[deleted] Jan 29 '25

[deleted]

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u/Ok_Computer1417 🟩 522 / 522 🦑 Jan 29 '25

Bruh, when I take the trash to the curb I don’t sit and have a conversation with the hefty bag.

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u/elephantsaregray 🟦 0 / 0 🦠 Jan 29 '25

God damn.

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u/Evanonreddit93 🟦 0 / 0 🦠 Jan 29 '25

Hey man, I’m glad you’re proud of your ability to carry out a simple task like taking the garbage out. Maybe one day you can use critical thinking to analyze entire arguments, not just the parts that fit your narrative.

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u/-TurboNerd- 🟧 0 / 0 🦠 Jan 29 '25

Exactly - she's on boring ass committee's that wouldnt give her particularly actionable insider information. I would guess her husbands investment firm gives them better plays than her political career.

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u/Farge43 🟦 543 / 541 🦑 Jan 28 '25

Yeah wasn’t trying imply the accusations were unfair. Sorry about that

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u/Zombie4141 🟦 7K / 9K 🦭 Jan 28 '25

I don’t think you were. I just know how the right blows her way out of proportion compared to most of their top earners. She’s the easy target. And democrats tried to pass a bill to ban politicians from trading stocks. But guess what party unanimously voted it down?

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u/[deleted] Jan 28 '25

[deleted]

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u/[deleted] Jan 28 '25

I thought stock trading as a politician is legal

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u/almightygg 🟦 86 / 87 🦐 Jan 29 '25

Genuine question here as I've heard a lot of sweeping statements from both sides of this argument and am unsure what to believe.

Do you have any examples of trades she has carried out, (as they are in the public domain as far as I am aware?), that show evidence if insider trading?

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u/Yabutsk 🟩 173 / 173 🦀 Jan 29 '25

Heavens to Betsy, Banks and Wall Street would NEVER.

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u/YourFixJustRuinsIt 🟩 0 / 0 🦠 Jan 28 '25

Dude dismantling democracy and that’s all you got. The leopards are coming.

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u/Farge43 🟦 543 / 541 🦑 Jan 28 '25

Yes I was able to make the totality of my opinions known with one snarky Reddit comment.

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u/New-Connection-9088 🟦 0 / 0 🦠 Jan 29 '25

Yeah bro the democratically elected president is doing things he’s legally allowed to do because the people told him to do it. This “it’s not democracy unless my guy wins” is pathetic.

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u/YourFixJustRuinsIt 🟩 0 / 0 🦠 Jan 29 '25

Nobody asked for P2025. Legality is definitely a gray area as most of what he’s trying will get held up in court.

I can afford to survive what’s coming. I hope you and your family can too. Most Americans including the ones that voted for him aren’t going to like the next 4 years.

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u/New-Connection-9088 🟦 0 / 0 🦠 Jan 29 '25

Trump was super clear about what he intended to do, and he’s doing it. He won the popular vote based on that. The last time a Republican won the popular vote was 20 years ago. And they didn’t just win the popular vote. Republicans won the Electoral College, and House, and the Senate. You’re just going to have to accept that most people want different things for the country. Many Americans are struggling today because of terrible policies. They’re looking forward to thriving again.

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u/YourFixJustRuinsIt 🟩 0 / 0 🦠 Jan 29 '25

Saving this so we can chat in the near future about how great things are.

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u/New-Connection-9088 🟦 0 / 0 🦠 Jan 29 '25

That's fair. I'll take the L if he starts WW3.

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u/xenelef290 🟧 0 / 0 🦠 Jan 28 '25

She is but he is better at it

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u/Inevitable-Creme4393 🟨 0 / 0 🦠 Jan 29 '25

Nancy aint got sht on me, I’ve been outperforming her since 2022