OT: Stock trading | Page 129 | The Boneyard
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OT: Stock trading

Crypto...I know most are at or around ATH right now... and Bitcoin is the clear leader.. although it seems to have more usefulness as of a store of value rather than a currency.. and Ethereum, although high gas fees.. has endless potential (ie NBA Top Shot)... but for those of you more In the know than I (I've been reading up on the technology for a few months and slowly investing a few hundred bucks here and there ).. doesn't it seem likely that Cardano, Link, HBAR and others like that can all succeed and really take off on the next decade? I may be way off but this seems as revolutionary as the advent of the internet..
 
98Uconn said:
Crypto...I know most are at or around ATH right now... and Bitcoin is the clear leader.. although it seems to have more usefulness as of a store of value rather than a currency.. and Ethereum, although high gas fees.. has endless potential (ie NBA Top Shot)... but for those of you more In the know than I (I've been reading up on the technology for a few months and slowly investing a few hundred bucks here and there ).. doesn't it seem likely that Cardano, Link, HBAR and others like that can all succeed and really take off on the next decade? I may be way off but this seems as revolutionary as the advent of the internet..
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This is my biggest concern with crypto. Even if you wholeheartedly believe this is the future of currency, it feels like a total gamble as to which crypto(s) will be that currency. Big risk and big reward though.
 
My thoughts are that the future goes beyond use as a currency... and more as using ledgers and blockchain technology as the new backbone of business transactions that can't be hacked or manipulated. But yes.. picking the winners vs those that fade away seems to be the biggest challenge.
 
98Uconn said:
Crypto...I know most are at or around ATH right now... and Bitcoin is the clear leader.. although it seems to have more usefulness as of a store of value rather than a currency.. and Ethereum, although high gas fees.. has endless potential (ie NBA Top Shot)... but for those of you more In the know than I (I've been reading up on the technology for a few months and slowly investing a few hundred bucks here and there ).. doesn't it seem likely that Cardano, Link, HBAR and others like that can all succeed and really take off on the next decade? I may be way off but this seems as revolutionary as the advent of the internet..
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For someone not so familiar with that arena, you nailed it. All three of those are my top picks. Particularily ADA. Bearish ETH. Bullish BTC as a non functional store of value, but I could also convince myself its worthless.
 
98Uconn said:
Crypto...I know most are at or around ATH right now... and Bitcoin is the clear leader.. although it seems to have more usefulness as of a store of value rather than a currency.. and Ethereum, although high gas fees.. has endless potential (ie NBA Top Shot)... but for those of you more In the know than I (I've been reading up on the technology for a few months and slowly investing a few hundred bucks here and there ).. doesn't it seem likely that Cardano, Link, HBAR and others like that can all succeed and really take off on the next decade? I may be way off but this seems as revolutionary as the advent of the internet..
Expand ...
I think BTC will eventually fade out, not soon but eventually. It will be replaced by a true crypto currency that can be used for purchases, maybe $KIN or $XMR. I think BTC will be replaced as a store of value as well or people will return to gold. There are a lot of utility coins out there such as $LINK, $DOT, $OCEAN, $RAVEN, $EWT, $XRP etc that will be here for a long time. Utility coins will be the future. Also, I don't believe the governments will allow people to subvert the dollar like BTC was intended to do.
 
98Uconn said:
Crypto...I know most are at or around ATH right now... and Bitcoin is the clear leader.. although it seems to have more usefulness as of a store of value rather than a currency.. and Ethereum, although high gas fees.. has endless potential (ie NBA Top Shot)... but for those of you more In the know than I (I've been reading up on the technology for a few months and slowly investing a few hundred bucks here and there ).. doesn't it seem likely that Cardano, Link, HBAR and others like that can all succeed and really take off on the next decade? I may be way off but this seems as revolutionary as the advent of the internet..
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Most still aren't even close to their 2018 ath.

People have been talking about the flippening for 3 years now. One will dethrone BTC someday. But others will also remain around for various use cases. But yes, it is the future.
 
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Jay-Bone said:
Most still aren't even close to their 2018 ath.

People have been talking about the flippening for 3 years now. One will dethrone BTC someday. But others will also remain around for various use cases. But yes, it is the future.
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Some people think altseason will go until September.
 
Cardano finally had a bump, eh? I bought a few thousand at 3 or 4 cents four years ago; it's sitting in cold storage and I haven't opened the wallet in years. Can't wait to try to straighten that out.
 
I'm sitting on 10 ethereum right now I bought for 500 bucks on a whim when some guy on Reddit recommended it years ago and I had just won some money sportsbetting. Only crypto transaction I've every made, believe it or not.

Ya'll think I should continue to sit on it? Right now I'm saving about 500 a month for my retirement and the rest I can save is for a house downpayment in 3 years(ish). I want to sell the ehtereum high and put it in something more stable, but I have no idea if people are predicting it will continue to drop like it has this month or not.
 
Nothing has really been developed on Cardano at all. It has potential, but it's been a long time since 2017 when it was tagged as the Ethereum killer, and all they have to show is that you can stake Cardano, but no real development/companies building on it. I think Cardano is way behind Ethereum (even though there are current scaling issues) and others like Zilliqa.

Chainlink & Synthetix Network are the two companies in the space that I am most bullish on, outside of the smart contract platforms....as all of those platforms will need Chainlink for real-world data feeds to execute those smart contracts. As always, all roads lead back to Chainlink.

Currently, the Chainlink ecosystem includes;

~181 Decentralized Finance Projects
~ 80 blockchains
~ 37 data providers
~31 projects using Chainlink VRF
~ 22 gaming projects
~ 11 payment protocols
 
husky429 said:
I'm sitting on 10 ethereum right now I bought for 500 bucks on a whim when some guy on Reddit recommended it years ago and I had just won some money sportsbetting. Only crypto transaction I've every made, believe it or not.

Ya'll think I should continue to sit on it? Right now I'm saving about 500 a month for my retirement and the rest I can save is for a house downpayment in 3 years(ish). I want to sell the ehtereum high and put it in something more stable, but I have no idea if people are predicting it will continue to drop like it has this month or not.
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Hold it. It has only just begun
 
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uconntoatl said:
Nothing has really been developed on Cardano at all. It has potential, but it's been a long time since 2017 when it was tagged as the Ethereum killer, and all they have to show is that you can stake Cardano, but no real development/companies building on it. I think Cardano is way behind Ethereum (even though there are current scaling issues) and others like Zilliqa.

Chainlink & Synthetix Network are the two companies in the space that I am most bullish on, outside of the smart contract platforms....as all of those platforms will need Chainlink for real-world data feeds to execute those smart contracts. As always, all roads lead back to Chainlink.

Currently, the Chainlink ecosystem includes;

~181 Decentralized Finance Projects
~ 80 blockchains
~ 37 data providers
~31 projects using Chainlink VRF
~ 22 gaming projects
~ 11 payment protocols
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From the small amount I've learned, trying to absorb all I can regarding crypto over the last few months, I've come to feel that Chainlink has seemed poised to be one of the winners down the road in this space. I have hopes for HBAR in this area as well, based on their strong foundation
 
98Uconn said:
From the small amount I've learned, trying to absorb all I can regarding crypto over the last few months, I've come to feel that Chainlink has seemed poised to be one of the winners down the road in this space. I have hopes for HBAR in this area as well, based on their strong foundation
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$DOT as well. Crypto Casey on YouTube and Instagram is a great follow to learn about crypto. Her podcast is worth by a listen too
 
Jay-Bone said:
Re-opening stocks are having a day. Is the flippening starting or just prospects of the stimulus getting closer? Will there be another bounce back for tech or will money permanently flow into re-opening and restore balance?

We're finally handling the vaccination rollout like adults and most of the vulnerable community will be vaccinated soon. Spring is right around the corner and people are restless.

TLDR: Should I throw my airline profit at the TSLA dip?
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I didn't heed my own advice and switched from re-opening to tech too soon.

What are the thoughts to this tech dump? Is the correction from euphoric highs about done? Or is the tech bubble gonna pop for real?
 
Jay-Bone said:
I didn't heed my own advice and switched from re-opening to tech too soon.

What are the thoughts to this tech dump? Is the correction from euphoric highs about done? Or is the tech bubble gonna pop for real?
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I dunno, man, but I feel like a genius for getting out of ARKK on the dead cat bounce at $136. (Would have felt like more of a genius if I got out at $156, but c'est la vie.)

It may be a good long term play, but looks real shaky in the short/medium term.

TSLA P/E ratio of 1100 looks awfully bubblicious.

I might get back in depending on how things look in a few weeks.
 
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Mutual fund to cash Jan/Feb sales saved my arse and old energy, materials, and food stocks soothed day. Nibbled on NEE, FLIN, and VNM. Holding off exercising SPY, QQQ and TSLA puts, and selling or buying ARKK (doubt it's going to avg at $51). Wonder if the ETF of the high-fee SPACs has puts, or how much it's being shorted by some HFs
 
HuskyHawk said:
Thought this was interesting.
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Imagine that, boring summer and fall energy, hospitality materials, and industrials buys smoking out the frothiest froth fall. Nibbling on perceived oversold quality, added new TA, and even added some ARKG today. Still haven't pulling trigger on SPY, QQQ nor TSLA puts
 
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Da_Aisijimo_Gou said:
Imagine that, boring summer and fall energy, hospitality materials, and industrials buys smoking out the frothiest froth fall. Nibbling on perceived oversold quality, added new TA, and even added some ARKG today. Still haven't pulling trigger on SPY, QQQ nor TSLA puts
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So you think ARKG is going to rebound, yet TSLA is going to continue to lose more than a third of its recent ath? The overall market and sectors are calling the shots right now. They won't diverge.
 
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