OT: Stock trading

[ClifSpliffy]

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.

'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...

 

[ClifSpliffy]

with two, u get eggroll.

 

[ClifSpliffy]

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.

 

[UConnSwag11]

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.

right but the USD will be a digital dollar with the Feds goal to get rid of the banks and the treasury. FedCoin

 

[UConnSwag11]

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

Earn Yield on Crypto with Celsius | Crypto Rewards, Earn Bitcoin

Earn compounding crypto rewards on BTC, ETH, and 40+ other cryptocurrencies. Earn up to 17% APY and get paid weekly when you HODL your coins with Celsius

celsius.network

 

[Da_Aisijimo_Gou]

Bloodbath set to continue today.

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.

 

[Da_Aisijimo_Gou]

DPLS

Woo hoo, went all in for 100 bucks @ $0.018 @Gutter King

 

[HuskyHawk]

Sold some BTC and bought some LINK. Have some cash left over. Debated Cardano, but it's really hot lately.

 

[uconntoatl]

Sold some BTC and bought some LINK. Have some cash left over. Debated Cardano, but it's really hot lately.

The problem with cardano, unless otherwise updated, is they're trying to develop their own and/or inferior oracles from the industry standard (you know who that is) for their platform. That's a big no no charles hoskinson.

Also there is no Dapp or anything running on Cardano right now. All you can do is stake coins. Not a whole lot for the past 4 years (just my opinion)

 

[UConnSwag11]

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.

BTC won't be the reserve currency. The Fed will turn the USD into FEDCOIN or maybe even take USDC. Some countries will go back to a gold-backed currency while others won't. There are a few cryptocurrencies out there like $KIN that people think could be used

 

[UConnSwag11]

Sold some BTC and bought some LINK. Have some cash left over. Debated Cardano, but it's really hot lately.

look into matic

 

[UConnSwag11]

People buying BTC with Paypal and other institutions are buying BTC for those institutions. The institutions own it. Buy BTC off of Coinbase or other exchanges and remove it to a private wallet

 

[Mots010]

I'm a total blockchain/ethereum amateur here, but is Ethereum becoming a victim of it's own success with the high gas fees lately? It seems like this would need to be resolved for it to continue to be successful.

 

[Da_Aisijimo_Gou]

Buy BTC off of Coinbase or other exchanges and remove it to a private wallet

@UConnSwag, @uconntoatl helpfully tells less-clued-in-types like me to buy LINK. Unlike BTC's purported reserve currency/ store of value (I'll call BS on), I get blockchain's current/ prospective benefits and LINK's complement/ alternative to SWIFT. Hence, LINK's the route I'm going. Aside from appreciating people using PYPL to benefit my shares, what's up with some people appearing to find fault with Coinbase? Or, are they just newbies screwing up using Coinbase?

When COIN tanked to $255 Thursday, I bought a chunk of shares before it dropped a few more bucks. No clue on the Coinbase whiners' operational complaints, but COIN > $300 now and an Oppenheimer analyst's enthusiatic COIN upgrade today ain't exactly bad.

 

[HuskyHawk]

@UConnSwag, @uconntoatl helpfully tells less-clued-in-types like me to buy LINK. Unlike BTC's purported reserve currency/ store of value (I'll call BS on), I get blockchain's current/ prospective benefits and LINK's complement/ alternative to SWIFT. Hence, LINK's the route I'm going. Aside from appreciating people using PYPL to benefit my shares, what's up with some people appearing to find fault with Coinbase? Or, are they just newbies screwing up using Coinbase?

When COIN tanked to $255 Thursday, I bought a chunk of shares before it dropped a few more bucks. No clue on the Coinbase whiners' operational complaints, but COIN > $300 now and an Oppenheimer analyst's enthusiatic COIN upgrade today ain't exactly bad.

I think it has advantages because it's more user friendly. The hardcore crypto geeks usually prefer other exchanges and means of purchase. That's fine. The growth is all going to come from newbies, who want an app and website that work like every brokerage or bank app and website they have used.

Edit: That said, the fees are really, really high. Especially for a 0$ trader on Fidelity like me. If something else comes along that offers the same ease of use at lower fees, I will move on.

 

[uconntoatl]

There goes chainlink again. Damn it

Exploring central bank digital currencies: Swift and Accenture publish joint paper | Swift

A new joint paper from Swift and Accenture looks at the opportunities and challenges of central bank digital currencies for international payments, sets out practical requirements for the adoption of digital currencies at scale, and outlines how Swift can support the financial community as new...

www.swift.com

 

[WisePig]

@UConnSwag, @uconntoatl helpfully tells less-clued-in-types like me to buy LINK. Unlike BTC's purported reserve currency/ store of value (I'll call BS on), I get blockchain's current/ prospective benefits and LINK's complement/ alternative to SWIFT. Hence, LINK's the route I'm going. Aside from appreciating people using PYPL to benefit my shares, what's up with some people appearing to find fault with Coinbase? Or, are they just newbies screwing up using Coinbase?

When COIN tanked to $255 Thursday, I bought a chunk of shares before it dropped a few more bucks. No clue on the Coinbase whiners' operational complaints, but COIN > $300 now and an Oppenheimer analyst's enthusiatic COIN upgrade today ain't exactly bad.

You pay a good price for the ease of use. Binance.US has much lower fees and a larger selection of alt coins. Coinbase lists a lot of coins in the market update not currently supported by the platform.

 

[mikemiles]

Looking for any recommendation about the best apps for trading....

 

[CTBasketball]

Cost to borrow AMC is over 200% lol

I did buy Cardano at $1.26 and it’s doing nicely.

 

[Jay-Bone]

Sorry, but I had to laugh. I do own some myself.

 

[HuskyCLT]

I’ve been reading more into HBAR and have seen this NASA use case proposal tossed around which is very interesting. Love Hedera and think it has a shot to be gigantic... Think ultimately it’s way undervalued at $2.3B market cap.

NASA STTR 2020-I Solicitation | T11.03-6333 - Hedera Hashgraph based Distributed Ledger for Aerospace Applications | Proposal Summary

 

[ClifSpliffy]

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?

'i mean, it's not like the colonial thing has any effect on 'stock-trading,' .... or does it?'
Richmond gas station charges $6.99 a gallon amid gasoline shortage (wtvr.com)
multiple states now declare 'state of emergency.'

'we'll leave that mammoth rise for input costs, a favorite real world observation of mine since last fall, alone for today.'
i guess 'mammoth rise for input costs' is now a woke thing.
United States Inflation Rate | 1914-2021 Data | 2022-2023 Forecast | Calendar (tradingeconomics.com)
sum kind of tv business clown mumbojumbo rollin across the airwaves today talkin aboot price rises 'worst since 1981...' don't they read the boneyard?

pro tip: msft holders sleep good at night. they must have read the by since 11/2018.

swift ain't going anywhere. 'If' by rudyard kipling is still a nice, and helpful, essay on life, particularly since u cain't spell 'swift' or 'life' without it. change has come! just not the good change of the previous 4 years. buckle up, or buckle down. whichever it is, just remember to buckle cuz iffn u don't, ur stuff/life may just do that. unforced, self-inflicted errors across our land. turrible.

our poor folks will suffer the most from the recent foolishness. disgusting.
but hey! i'll hookup the traders here for today, becuz i like to contribute:
todays key worldwide 'data' point will be this afternoons ten year auction. i have no clue as to what will happen (do you?), but i do know that my point here months ago, ie 'has the Fed lost control of its' markets?' is now an all-to-real question for the formerly 'unwoke.'

dow 34,000 nasdaq 13,000 s+p 4000 - are these the 'tops?'

 

[HuskyHawk]

The question I have is when I buy more ARK, to dollar cost average down. I am definitely still long those funds over time. @Da_Aisijimo_Gou any thoughts? I am wary of trying to time the market. Sold some stuff today to free cash to go back in on ARKK and others.

 

[Jay-Bone]

The question I have is when I buy more ARK, to dollar cost average down. I am definitely still long those funds over time. @Da_Aisijimo_Gou any thoughts? I am wary of trying to time the market. Sold some stuff today to free cash to go back in on ARKK and others.

Its the lowest its been in 6 months. I'd start buying 1 now. TSLA has been lower recently though. Depends if you think the fed will raise rates or not.

Also the $100 mark will have some resistance:

You can always set a hovering limit buy, but thats tricky to do.

Lastly, what you sold, did you sell at a loss? If so, I'd move it to not lose out on opportunity loss. I think we get another bounce this week.

 

[SubbaBub]

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.

People said the same thing about Netscape.

Crypto, like any tech has a shelf life. Thr underlying tech will eventually evolve into something new, creating new focal points of wealth. Some may survive or even go on to dominate what's next. Amazon used to just sell books. Then again, Atari.

It is decidedly not like gold, it will never be a long term store of value simply because it has no real use, is wildly volatile and can easily be outdone by digitsl currency backed by a central bank. If the US govt, creates a $UScoin or the EU an $ECoin, the pioneers are done.

Is there money to be made now, obviously. The clock is ticking and someone is going to be left holding the bag.