OT: Stock trading | Page 144 | The Boneyard

OT: Stock trading

JohnFSilver said:
I was late to party. Ethereum seems like a better play. I don't think Doge has a long runway left. How much higher can it reasonably go? 40% to 1 dollar?

I think ETH is better and maybe even ethereum classic worth holding. I am late to crypto, but I am going to go with ETH for the long haul. Doge is fun, but i don't see the runway. Impossible for it to go higher than $1.

Also, saw some discussions that Bitcoin is kind of like gold. Since there is a finite resource of bitcoin available, it is going to end up kinda like gold is as a reserve currency. I like that analogy.
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I'm offended Doge is even mentioned in conversation with Ethereum.
 
'Also, saw some discussions that Bitcoin is kind of like gold. Since there is a finite resource of bitcoin available, it is going to end up kinda like gold is as a reserve currency. I like that analogy.'
suuuuure it will. at least 5,500 years of human history vs. a figurative 5 and a half months of crypto history. not a 'goldbug' at this time, but also not dismissive of legit resumes either.
but u are right that in some circles, of course bitcoin 'is going to end up kinda like gold is as a reserve currency.' very small circles, but circles nonetheless. circlejerks, methinks.
 
Chin Diesel said:
Colonial Pipeline.
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my thread on this was removed. whattayoo, special? lol. as always with my posts, still very real, whether removed, or not. i mean, it's not like the colonial thing has any effect on 'stock-trading,' .... or does it?
 
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ClifSpliffy said:
'Also, saw some discussions that Bitcoin is kind of like gold. Since there is a finite resource of bitcoin available, it is going to end up kinda like gold is as a reserve currency. I like that analogy.'
suuuuure it will. at least 5,500 years of human history vs. a figurative 5 and a half months of crypto history. not a 'goldbug' at this time, but also not dismissive of legit resumes either.
but u are right that in some circles, of course bitcoin 'is going to end up kinda like gold is as a reserve currency.' very small circles, but circles nonetheless. circlejerks, methinks.
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With all the weed you smoke you should have been an early adopter of crypto.
You do realize that most of your posts make no sense and frankly add zero to this conversation about investing. Everyone here is simply trying to help other UConn fans- that’s all- nobody is moving any markets with their purchase.
 
Scot-e said:
With all the weed you smoke you should have been an early adopter of crypto.
You do realize that most of your posts make no sense and frankly add zero to this conversation about investing. Everyone here is simply trying to help other UConn fans- that’s all- nobody is moving any markets with their purchase.
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we bought, and still hold, bitcoin at the beginning, as a goof. we also buy scratch-off tix too. dollar (actually a few k dollars then- who knew? i certainly did not. on the udder hand, i firmly believe that 'someone has to be lucky, why not me?') and a dream dontchaknow. iirc, it was after a very fortunate trip to the mohegans. i had my 'a' game blackjack mojo on that weekend. i've also had 'f' game weekends too.
and why r u yelling at me? i don't see any posters names in my post. iffn you don't like or agree with the words, why don't u just attack the thought, instead of the thinker of the thought?
here's another thought regarding all things crypto, regardless of what that japanese guy thought - hack (as in things digital) -a-potamus is a real live animal.
 
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uconntoatl said:
I'm offended Doge is even mentioned in conversation with Ethereum.
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LOL. Doge is fun. But I am going to just dump cash in ETH. I really like its potential and that seems solid foundation. I think it has a chance for sizeable gains long term even if it comes back a bit.

What's the deal with ETC? I understand the fork, but why is grayscale in ETC hard? I am trying to figure that one out. I will check out HEX. Thanks.

I an really interested in a Crypto ETF. TBH./
 
Scot-e said:
With all the weed you smoke you should have been an early adopter of crypto.
You do realize that most of your posts make no sense and frankly add zero to this conversation about investing. Everyone here is simply trying to help other UConn fans- that’s all- nobody is moving any markets with their purchase.
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When I say reserve currency, when all the bitcoin is mined, and it is over, some will be lost for many reasons, the individual coin will be the backbone of the crypto market. Investors are already using it as a hedge against inflation.

What other investment vehicle is as scarce as BitCoin? I think gold is a good analogy.
 
JohnFSilver said:
When I say reserve currency, when all the bitcoin is mined, and it is over, some will be lost for many reasons, the individual coin will be the backbone of the crypto market. Investors are already using it as a hedge against inflation.

What other investment vehicle is as scarce as BitCoin? I think gold is a good analogy.
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ummm, this one?
'It is considered the rarest and most valuable precious metal in the world.'
RHODIUM | 2012-2021 Data | 2022-2023 Forecast | Price | Quote | Chart | Historical (tradingeconomics.com)
and u probably use it every day.
in just the last few years, it's moved from around 2k to 28k today.
south africa supplies around 80%. today, number one guy there sez to number 2 guy 'u gotta leave now.' number 2 guy there sez to number one guy 'no, you gotta leave now.' forecast? cloudy with a good chance for guns.
 
JohnFSilver said:
When I say reserve currency, when all the bitcoin is mined, and it is over, some will be lost for many reasons, the individual coin will be the backbone of the crypto market. Investors are already using it as a hedge against inflation.

What other investment vehicle is as scarce as BitCoin? I think gold is a good analogy.
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Normally something labeled a store of value is not volatile. Bitcoin is highly volatile. I get the analogy, but it doesn't really work in comparison to Gold. Lots of things are scarce and worthless. I am debating cashing out of mine and looking at other crypto. Just fired up my offline wallet today.
Goldman view on BTC.

The value I see in some other crypto is in using blockchain to do things. Smart contracts, NFTs, financial applications on LINK.
 
Da_Aisijimo_Gou said:
Blockchain, LINK ==> Complements &/or alternatives to SWIFT
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20210510_170007.jpg
 
ClifSpliffy said:
we bought, and still hold, bitcoin at the beginning, as a goof. we also buy scratch-off tix too. dollar (actually a few k dollars then- who knew? i certainly did not. on the udder hand, i firmly believe that 'someone has to be lucky, why not me?') and a dream dontchaknow. iirc, it was after a very fortunate trip to the mohegans. i had my 'a' game blackjack mojo on that weekend. i've also had 'f' game weekends too.
and why r u yelling at me? i don't see any posters names in my post. iffn you don't like or agree with the words, why don't u just attack the thought, instead of the thinker of the thought?
here's another thought regarding all things crypto, regardless of what that japanese guy thought - hack (as in things digital) -a-potamus is a real live animal.
Expand ...
If you are a early BTC guy then you know it’s not a goof. Sell it. Buy a house or two- I’m just not understanding the shade you r throwing and u really don’t make much sense when u r commenting on the topic.
You are funny but I think your missing the point of this thread. We are trying to help each other- thats all. We get you don’t believe- (even though you have a pile of BTC)- contribute something or just stick to the basketball threads. Geez.
 
uconntoatl said:
CEO of Grayscale. You know the vibezView attachment 67367
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Yes. This is the smart play. Unfortunately, it is also difficult. The company to buy is called Plaid, and unfortunately it is private. Visa tried to but it for 5.3 Billion, but now it has been valued much higher in a recent funding round. Plaid valued at $13.4 billion in new funding round - MarketWatch Everybody wants those shares and nobody can get them. Supposedly, Plaid employees and ex employees are solicited to sell their shares on Linked In.

I'd be interested to know who the other core infrastructure providers are. As noted in the Goldman Note on BTC, it's energy consumption is enormous. Bitcoin has a massive carbon footprint. I want to understand what is going to power ETH 2.0.
 
HuskyHawk said:
Yes. This is the smart play. Unfortunately, it is also difficult. The company to buy is called Plaid, and unfortunately it is private. Visa tried to but it for 5.3 Billion, but now it has been valued much higher in a recent funding round. Plaid valued at $13.4 billion in new funding round - MarketWatch Everybody wants those shares and nobody can get them. Supposedly, Plaid employees and ex employees are solicited to sell their shares on Linked In.

I'd be interested to know who the other core infrastructure providers are. As noted in the Goldman Note on BTC, it's energy consumption is enormous. Bitcoin has a massive carbon footprint. I want to understand what is going to power ETH 2.0.
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Well, Ethereum is converting to Proof of Stake from Proof of Work which is outrageously more energy efficient.

Then there are also companies like Matic/Polygon whose sole purpose is to work on further scaling and efficiency issues for ethereum.

Chainlink also has off chain reporting for oracles which has reduced eth gas cost on the link network by 90 %
 
Scot-e said:
If you are a early BTC guy then you know it’s not a goof. Sell it. Buy a house or two- I’m just not understanding the shade you r throwing and u really don’t make much sense when u r commenting on the topic.
You are funny but I think your missing the point of this thread. We are trying to help each other- thats all. We get you don’t believe- (even though you have a pile of BTC)- contribute something or just stick to the basketball threads. Geez.
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'but I think your missing the point of this thread.'
the point of this thread is 'stock-trading' according to it's title. assumedly, that includes things that may affect stocks and the trading of such. and oh, as to the obvious pr tsunami coming aboot mining and it's carbon footprint, well, forewarned is forearmed. bigeast offered a pert near phd level dissertation here years ago on the 'new topic' of the proof of stake/proof of work dynamic.

'contribute something?' howzaboot this:
(last week, here)
'don't they talk to actual employers and hear their common observation that 'no one wants to get off the couch since the free cheese pipeline is wide open?' i do, all the time. we'll leave that mammoth rise for input costs, a favorite real world observation of mine since last fall, alone for today.'
today:
GOP Governors Cut Unemployment Benefits After Disappointing Jobs Report (blackenterprise.com)
that was fast. now, as to hoop talk, not a single soul agreed or even weighed in long ago when i specifically, openly, and notoriously pointed out that the mock draft 'experts' (not here, the 'famous' ones) are also mostly talking farm animals when they placed mr jackson of kentucky in the 30s. i mocked their geniusness then. yesterday, i saw him placed at 7 in a mock.
pro tip, offered as a contribution here:
'we'll leave that mammoth rise for input costs, a favorite real world observation of mine since last fall, alone for today.' on the udder hand, the subtle rotation out of tech and towards industrials, which began months ago, is obvious, right?
all these observations may affect stock prices. ur welcome. give some charity to the less fortunate than you.
now, back to that colonial pipeline thing...
computers-domestic_espionage-computer_espionage-spyware-computer_programs-computer_hacker-kscn1185_low.jpg
 
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rick santelli, he of true wisdom (rare for cnbc), just stated 'crypto as a reserve currency? i don't think so! the US dollar will be the reserve currency for a long, long, time.'
yeppers.
 
ClifSpliffy said:
rick santelli, he of true wisdom (rare for cnbc), just stated 'crypto as a reserve currency? i don't think so! the US dollar will be the reserve currency for a long, long, time.'
yeppers.
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right but the USD will be a digital dollar with the Feds goal to get rid of the banks and the treasury. FedCoin
 
Crypto market and the stock market are both volatile but the stock market isn't based in reality and needs the Fed to keep it afloat. IMO, it's hard to find anything in the stock market for long-term other than SCHD and other dividend funds and stocks. With that being said, BTC is backed by nothing other than name recognition and it could tank and bring the entire crypto market with it. Crypto could tank with any regulation talk. The same could happen with the stock market with whispers from the Fed of "raising rates".

Hard to choose. Would be great to to just save and earn interest but those days are done. There are ways to earn a yield in crypto with Blockfi and Celsius. Celsius offers great APY: 10% USDC, 13.99% for matic, link 3.00%. Again, if you use these services you don't own your crypto so you have to be confident giving them away. Rates are at the bottom

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HuskyHawk said:
Bloodbath set to continue today.
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Yes, yet also some likeable pre-market and early discounts for LT investors such as yourself, e.g., added some chips, CRWD, FEYE, PLTR and VWDRY each near today's bottoms. Also, bought initial DOCU for LT hold < $181. DOCU's bounced back to $195. Even if it tanks lower than 181, 180's about the same as 1 year ago, and I'll add more.
 
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