OT: Stock trading | Page 137 | The Boneyard

OT: Stock trading

Scot-e said:
Whatever. This is the favorite story of the uninformed. Talk to me in a few years- I’ll buy you gold dipped tulips.
Expand ...
I’ll be the first to admit that I know jack about crypto. But, three years or thirty years mean nothing when a market moves. That happens almost at an instant.
 
Dumb question - how do I find my cost basis and overall return on Coinbase? Can’t find it anywhere
 
August_West said:
Yup I remember. Lol. BTC was at like 7k.
Expand ...
and tesla was around $50 3 years back (i came here around tesla $60 times.) today, its around $740, or aboot 15 times more. today, bitcoin is around $62,000, or aboot 9 times more, lessn u bought it a year earlier, when it was around $17,000. then, it's only up aboot 4+ times. tesla stockholders win, and slept like a baby thruout. i mean, who on earth would ever buy an electric car, amiright?
 
There are over 5k crpto currencies or token available. Most don't have a viable use case. Very few have robust Blockchains associated with them.

There's very little financial integration with crypto, it's cumbersome. You buy or mine a crypto, save it to your cold storage or wallet, convert it to fiat with an absurd fee.

That being said, long term, I would stick with the top coins, Bitcoin, Ethereum, Chainlink, Dot and a few others.

Crypto has a place in our economy, it can help make settlement cross payments more efficient and much cheaper, but it will never replace fiat. The entire market cap of crypto is a little over a Trillion, hardly enough to make a dent in the global economy.

The crypto markets are driven by large instititional investors, and everyone is at the market makers mercy.

You can make lots of money in the short term, and more power to you if you do, but in the long term, there are going to be a lot of people holding onto some worthless crypto ALT coins when the bottom drops. HODL
 
Last edited:
B1GEast said:
There are over 5k crpto currencies or token available. Most don't have a viable use case. Very few have robust Blockchains associated with them.

There's very little financial integration with crypto, it's cumbersome. You buy or mine a crypto, save it to your cold storage or wallet, convert it to fiat with an absurd fee.

That being said, long term, I would stick with the top coins, Bitcoin, Ethereum, Chainlink, Dot and a few others.

Crypto has a place in our economy, it can help make settlement cross payments more efficient and much cheaper, but it will never replace fiat. The entire market cap of crypto is a little over a Trillion, hardly enough to make a dent in the global economy.

The crypto markets are driven by large instititional investors, and everyone is at the market makers mercy.

You can make lots of money in the short term, and more power to you if you do, but in the long term, there are going to be a lot of people holding onto worthless crypto when the bottom drops. HODL
Expand ...
this dude knows the deal. he prolly should be called 'mr b.y. crypto,' cuz of his record on it here, and all that. im bettin that he don't sweat no monthly electric bill, either.
 
ClifSpliffy said:
this dude knows the deal. he prolly should be called 'mr b.y. crypto,' cuz of his record on it here, and all that. im bettin that he don't sweat no monthly electric bill,
Expand ...

Just like the Tech stock bubble in the early 2000's, the same will happen to crypto's. Excite, Ask Jeeves, Earth Link and Lycos all existed before Google, yet they all disappeared because Google did the same thing, but only better.

Everything is a cycle, you want the long term players that will be around for crypro 2.0
 
WestHartHusk said:
A universe of contracts compelling payment in dollars; a large/affluent population paid and compelled to pay taxes in dollars; an army, navy and air force enforcing at least some portion of the world to use dollars. To name a few.
Expand ...
So it’s really just backed by guns and bombs
 
LIuconn said:
Dumb question - how do I find my cost basis and overall return on Coinbase? Can’t find it anywhere
Expand ...
Good luck.


1618659706524.png

Gone are the days when Coinbase used to do it for you.
 
B1GEast said:
There are over 5k crpto currencies or token available. Most don't have a viable use case. Very few have robust Blockchains associated with them.

There's very little financial integration with crypto, it's cumbersome. You buy or mine a crypto, save it to your cold storage or wallet, convert it to fiat with an absurd fee.

That being said, long term, I would stick with the top coins, Bitcoin, Ethereum, Chainlink, Dot and a few others.

Crypto has a place in our economy, it can help make settlement cross payments more efficient and much cheaper, but it will never replace fiat. The entire market cap of crypto is a little over a Trillion, hardly enough to make a dent in the global economy.

The crypto markets are driven by large instititional investors, and everyone is at the market makers mercy.

You can make lots of money in the short term, and more power to you if you do, but in the long term, there are going to be a lot of people holding onto some worthless crypto ALT coins when the bottom drops. HODL
Expand ...
Did you copy/paste this from my 2017 "I'm making so much money through bitcoin" thread in the cesspool? I'm feeling deja vu.
 
ClifSpliffy said:
this dude knows the deal. he prolly should be called 'mr b.y. crypto,' cuz of his record on it here, and all that. im bettin that he don't sweat no monthly electric bill, either.
Expand ...
You missed out the first time, you missed out the second time, maybe third times a charm? But I doubt it.....

How did it feel when your $900 TSLA dumped to $550?
 
Last edited:
Jay-Bone said:
Did you copy/paste this from my 2017 "I'm making so much money through bitcoin" thread in the cesspool? I'm feeling deja vu.
Expand ...

No, but I remember the thread, and my sentiments haven't changed. Most of what I posted in this thread, I posted in that one as well, so your feelings of deja vu are well founded
 
Jay-Bone said:
You missed out the first time, you missed out the second time, maybe third times a charm? But I doubt it.....

How did it feel when your $900 TSLA dumped to $550?
Expand ...
same as always, since my 'basis' average cost is in the lower double digits. even at $500, im still good for 10x. and then there is micron, which got going for me at below double digit cost. i'll never understand the herd thinking that sent that badboy so insanely low, as many of those same 'experts' were filling up their lives and homes with 'smart' junk. weird, cuz ya can't do 'smart' without memory.
on the udder hand, i let a certain female pick the new appliances for the northern crib spruce up, and highly enjoyed, for a minute, the hilarity of her trying to make the talking toaster and fridge, 'steam' washer, dryer that requires a youtube tutorial, silly oven, and the rest of that wildly expensive nonsense, actually work. only for a minute tho, cuz the inevitable 'how does this work, please make it work' conversation began. me? 'i don't know, why don't you ask them?' it all started day one when someone asked 'how does the coffee pot (seemingly the size of a room airconditioner) work?' note to self - hit up wallyworld for one of those $15 models. filter, coffee, water, hit button. voila! coffee! ezpz. now, im heading down to the river to wash a few things.... lol.
 
Last edited:
Monday Monday, seat belts locked? Cyclical crypto profit taking after ATHs? Other factors? After quarterly results, all time largest bank debt offers JPM, BAC, and GS. Other interesting events
 
Da_Aisijimo_Gou said:
General decline a day later than anticipated ... more on the horizon ??? Opportunities too ???
Expand ...

These are the days and stretches I hate. It's hard to just sit tight and trust the investments to ride it out.
 
Two good WSJ articles this morning (yah, I'm a dinosaur that still reads that rag). One was on the VC pouring into tech and new social media aps driving valuations to unseen heights, much of it with minimal due diligence. The other article was on Credit Suisse and their exposure to Archegos which grew to.......wait for it.......$20B. They didn't have the systems in place to track aggregate exposure while that lunatic piled on leveraged bets. What's scary to me is that suggests we still have systemic risks in the global financial network that we don't understand very well.

I guess none of this should be all that surprising given the liquidity available. Will be interesting for sure.
 
New ETF launched that I just bought DAPP. Focus on digital transformation. I looked up the index components and think it is nice long term potential.
 
turned on 'Clown News Becoming Common' ie, cnbc, this am, and it seems archegos is a hot topic again.
post #3348 here:
'and no, it's not 'contained' yet.'
imagine that.
pro tip: iffn it ain't rick santelli or art cashin, u'll learn more from the adult swim channel than that 'oprah joins the view gang to talk high finance' network. is archegos like the ltcm or bear/lehman dynamic? i have no idea. do you?
fun fact. as ww1 wore on, more and more inter-nation agreements, regardless of the public announcements associated with such, were only privately 'done deals' after the obligatory suitcases filled with gold were delivered. no one believed or trusted anyone else. 'trust' is just so much gossamer.
yesterday, ny's mta announced that they reasonably expect subway ridership to reach 90% of pre-covid levels ... in 2025. the global 'back to normal? as if. it's a whole new world. buckle up, and bet accordingly. or not. whatever.
 
You must log in or register to reply here.

Online statistics

Members online
198
Guests online
1,571
Total visitors
1,769
Totals may include hidden visitors.

Share This Page

Forum statistics

Threads
163,969
Messages
4,376,977
Members
10,168
Latest member
CTFan142


.
..
Top Bottom