OT: Stock trading | Page 145 | The Boneyard
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OT: Stock trading

HuskyHawk said:
Sold some BTC and bought some LINK. Have some cash left over. Debated Cardano, but it's really hot lately.
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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)
 
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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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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
 
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
 
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.
 
UConnSwag11 said:
Buy BTC off of Coinbase or other exchanges and remove it to a private wallet
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@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.
 
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Da_Aisijimo_Gou said:
@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.
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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.
 
There goes chainlink again. Damn it

Screenshot_20210511-205830_Chrome.jpg


www.swift.com

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 www.swift.com
 
Da_Aisijimo_Gou said:
@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.
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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.
 
Cost to borrow AMC is over 200% lol

I did buy Cardano at $1.26 and it’s doing nicely.
 
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ClifSpliffy said:
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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'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?'
 
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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.
 
HuskyHawk said:
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.
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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:

1620832439700.png


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.
 
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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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.
 
Jay-Bone said:
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:

View attachment 67397

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.
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oh, look! as we speak, the tv talking farm animals on the Clown News Bitness Channel are chatting up the 'arf' thing, with a caption 'all ark, no bite.' too funny.

welcome to the 'Age of Spec-ulation,' hosted by sum blind people.
bet on red! bet on black! the wheel spins....
 
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SubbaBub said:
Is there money to be made now, obviously. The clock is ticking and someone is going to be left holding the bag.
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ClifSpliffy said:
oh, look! as we speak, the tv talking farm animals on the Clown News Bitness Channel are chatting up the 'arf' thing, with a caption 'all ark, no bite.' too funny.

welcome to the 'Age of Spec-ulation,' hosted by sum blind people.
bet on red! bet on black! the wheel spins....
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Sounds like someone is bitter that a 23 year old Gen Z'er (assuredly not me, but there are many out there) has a better retirement portfolio from crypto play over last few years than you do with your 40 years of workforce and low, safe market plays.
 
August_West said:
Sounds like someone is bitter that a 23 year old Gen Z'er (assuredly not me, but there are many out there) has a better retirement portfolio from crypto play over last few years than you do with your 40 years of workforce and low, safe market plays.
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If Nixon didn't take us off of gold and Greenspan didn't start the decades of near 0% interest rates, We'd be able to save and earn interest instead of putting into the Wall Street Casino, Housing, or Crypto
 
August_West said:
Sounds like someone is bitter that a 23 year old Gen Z'er (assuredly not me, but there are many out there) has a better retirement portfolio from crypto play over last few years than you do with your 40 years of workforce and low, safe market plays.
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It is certainly true. I still remember when bitcoin launched. I recall reading an article about a kid who asked for Bitcoin for his 13th birthday and his parents bought him some. For his 16th birthday they let him buy a Ferrari or something like that as it was worth a couple of million. I hope that kid held some of it. It’s worth way more now.
 
WisePig said:
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.
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@WisePig Thanks for Binance.US fee info. No particular love for COIN; just bought shares in Roth as likely MT hold after COIN tanked following others' overzealous post-IPO foolishness. MT or sooner, I expect well capitalized US brokers will buy out or undermine some COINs, Binances, etc. GS, MS, JP, BAC, Fido, SCHW, etc won't watch crypto-interested clients' assets to bleed away forever.
 
August_West said:
Sounds like someone is bitter that a 23 year old Gen Z'er (assuredly not me, but there are many out there) has a better retirement portfolio from crypto play over last few years than you do with your 40 years of workforce and low, safe market plays.
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I wish I had the courage to risk everything, but that was 2000-2003. Now, my clock is ticking and I don't need to chase the get rich quick memes.

I had a few compadres cash in on the early internet boom. Several paper millionaires in that group. All took it on the chin during the crash. They also all made out fine because their talent and skills were the real stores of value.

They now run successful tech compnaies that most of the public has never heard of, though one was in the Zoom space before Zoom was a thing and didn't get annointed by the market of fate so he moved on.

And people think luck has nothing to do with it.
 
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UConnSwag11 said:
If Nixon didn't take us off of gold and Greenspan didn't start the decades of near 0% interest rates, We'd be able to save and earn interest instead of putting into the Wall Street Casino, Housing, or Crypto
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The gold standard is a salary cap on growth. Low interest rates values real investment and have nothing to do with the casino aspects of the market. That's due to tax policy. It is however, a policy crime not to finance the next 100 years of capital spending right now.

Zero interest rates are a bit of a problem in that it really hampers fiscal policy. Yes, neg rates are possible, but not recommended.
 
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