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arthur_affect's profile
Arthur Chu
Arthur Chu
Arthur Chu
Verified account
@arthur_affect

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Arthur ChuVerified account

@arthur_affect

Mad genius, comedian, actor, and freelance voiceover artist broadcasting from the distant shores of Lake Erie (he/him)

Broadview Heights, Ohio
arthur-chu.com
Joined August 2009

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    1. Orman‏ @LizardOrman 30 Jan 2020
      Replying to @BootlegGirl

      If you're a day trader, selling now to dodge a fall that will take until next month to recover from is exactly what you do. You're thinking of actual investors

      1 reply 0 retweets 3 likes
    2. Arthur Chu‏Verified account @arthur_affect 31 Jan 2020
      Replying to @LizardOrman @BootlegGirl

      Yeah that's exactly the point I'm trying to make "Fundamental investors" like Buffet says you should be are the exact opposite of day traders be day traders cause most of this movement

      1 reply 1 retweet 3 likes
    3. Arthur Chu‏Verified account @arthur_affect 31 Jan 2020
      Replying to @arthur_affect @LizardOrman @BootlegGirl

      By definition, a day trader has no opinion on the actual underlying business of the companies they're investing in (which is why Buffet hates them) It's all a game where they're placing bets essentially on how all the other day traders currently feel

      1 reply 1 retweet 6 likes
    4. Arthur Chu‏Verified account @arthur_affect 31 Jan 2020
      Replying to @arthur_affect @LizardOrman @BootlegGirl

      The connection to the actual real world economy is only theoretical Their relationship to "real" investors is adversarial and is a kind of "keeping each other honest" relationship

      1 reply 1 retweet 3 likes
    5. Arthur Chu‏Verified account @arthur_affect 31 Jan 2020
      Replying to @arthur_affect @LizardOrman @BootlegGirl

      Like the argument is if you banned day trading entirely like Buffet has jokingly proposed then the market could stagnate and the old boy network would *never* sell stock even as the real company was going bankrupt in order to deliberately slow economic change

      2 replies 1 retweet 2 likes
    6. Arthur Chu‏Verified account @arthur_affect 31 Jan 2020
      Replying to @arthur_affect @LizardOrman @BootlegGirl

      I'm not so sure that's such a great argument though Like the price we pay for the existence of day traders is real people losing money on essentially just bullshit gambling games

      3 replies 1 retweet 4 likes
    7. Dr. Ellie Lockhart. Republic serial villain.‏ @BootlegGirl 31 Jan 2020
      Replying to @arthur_affect @LizardOrman

      I think the strongest argument against trying to get rid of day trading is how hard it would be to avoid the creation of some sort of derivative that reflected basically the same thing. Look at how hard it's been for the government to regulate crypto even

      1 reply 1 retweet 4 likes
    8. Adam L Brinklow‏Verified account @AdamLBrinklow 31 Jan 2020
      Replying to @BootlegGirl @arthur_affect @LizardOrman

      It's quite a thing when the best argument in favor of a practice is, "Killing it probably wouldn't work anyway." Imagine if they adopted that attitude in horror movies.

      1 reply 1 retweet 5 likes
    9. Arthur Chu‏Verified account @arthur_affect 31 Jan 2020
      Replying to @AdamLBrinklow @BootlegGirl @LizardOrman

      Well I mean we haven't done very well with trying to ban actual literal gambling games, which don't even have the pretense of serving as a price signaling mechanism to regulate the real economy

      1 reply 1 retweet 6 likes
    10. Arthur Chu‏Verified account @arthur_affect 31 Jan 2020
      Replying to @arthur_affect @AdamLBrinklow and

      Like you know the state lottery exists because only by having a state monopoly on the lottery were they able to kill the illegal numbers rackets, which have always been one of the biggest profit centers for the mob

      1 reply 1 retweet 3 likes
      Arthur Chu‏Verified account @arthur_affect 31 Jan 2020
      Replying to @arthur_affect @AdamLBrinklow and

      The reason Bitcoin took off isn't that people by and large actually believe the Bitcoin hype, or even understand it It's that this lottery-like behavior is endemic in human society and always finds an outlet sooner or later Tulipmania wasn't because people really wanted tulips

      2:11 AM - 31 Jan 2020
      • 4 Retweets
      • 12 Likes
      • He Who Cannot Fight With Coronacht Worth a Damn Ollie Hood Adam L Brinklow Sarah Brown - I love Lusi 🇵🇹 Laurent Weppe 🔻 Kim Wincen Sartre's Waiter Orman Dr. Ellie Lockhart. Republic serial villain.
      3 replies 4 retweets 12 likes
        1. New conversation
        2. Dr. Ellie Lockhart. Republic serial villain.‏ @BootlegGirl 31 Jan 2020
          Replying to @arthur_affect @AdamLBrinklow @LizardOrman

          Well, and the crime backing. The existence of more "legitimate" "proof of stake" crypto shows that people DO still want to play the lottery with it, but I'm confident Bitcoin's criminal usage played a major role in its early growth in value

          1 reply 2 retweets 1 like
        3. Dr. Ellie Lockhart. Republic serial villain.‏ @BootlegGirl 31 Jan 2020
          Replying to @BootlegGirl @arthur_affect and

          And some of the folks buying in for financial reasons knew this; they'd been pushing for commodity-backed currency for ages, and here was currency backed by drugs, assassination, and illegal porn. But very strongly backed.

          2 replies 3 retweets 4 likes
        4. Show replies
        1. New conversation
        2. Arthur Chu‏Verified account @arthur_affect 31 Jan 2020
          Replying to @arthur_affect @AdamLBrinklow and

          I mean shit how many of these have there been in just my lifetime I lived through the rise of eBay as essentially a stock market where people traded in Beanie Babies Mt. Gox was a Magic card exchange before it was a Bitcoin exchange

          2 replies 1 retweet 7 likes
        3. Dr. Ellie Lockhart. Republic serial villain.‏ @BootlegGirl 31 Jan 2020
          Replying to @arthur_affect @AdamLBrinklow @LizardOrman

          I remember being like 9 when my 7 year old friend gave me a The Graduate style speech about how my financial future was definitely in Beanie Babies. I was very confused.

          3 replies 1 retweet 5 likes
        4. Show replies
        1. Adam L Brinklow‏Verified account @AdamLBrinklow 31 Jan 2020
          Replying to @arthur_affect @BootlegGirl

          pic.twitter.com/MruL8XGIQd

          0 replies 0 retweets 0 likes
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