OT: Stock trading

[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.

 

[ClifSpliffy]

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.

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....

 

[August_West]

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

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....

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.

 

[UConnSwag11]

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.

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

 

[HuskyHawk]

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.

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.

 

[Da_Aisijimo_Gou]

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.

@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.

 

[uconntoatl]

A man who says he threw away a hard drive loaded with 7,500 bitcoins in 2013 is offering his city $70 million to dig it up from the dump

James Howells, from Wales, threw away the hard drive containing the cryptocurrency in 2013. The trove, buried at a huge dump, is worth $275 million.

www.businessinsider.com

 

[SubbaBub]

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.

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.

 

[SubbaBub]

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

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.

 

[ClifSpliffy]

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.

i never sold tho, as a couple of hunsters for it 'back in that day' was as insignificant as that wild black jack ride i was on that time in AC when we got snowed in for the weekend. and speaking of rides, former gf at that time asked, in the good part of the ride, 'can i get a (insert overpriced piece of foreign junk here)?' 'no.' as if.
buy American! our neighbors need that paycheck!
i learned a valuable life lesson at that time. when ur pals set you up on a blind date at a fancy manhattan dive, and you walk in hoping that the girl at the bar with a tiny dog in her sack ain't her, but turns out that it is, turn around and exit immediately. when to sell is as valuable a skill as when to buy.

 

[August_West]

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

Where’s roaring kitty?!!!?

 

[Da_Aisijimo_Gou]

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:

No clue, but diddled around with ARKK before selling 90% coupla weeks back. Up 125% since May 2020 buys was enough. Unclear where ARKK's going, yet DCAing considering DCAing some back in OR in to other ETFs with similar objectives, e.g., other 3D, space-focused, etc ETFs with longer track records. Added bit of ARKG and ARKQ on biggest dips despite Wood's perceived quirks.

Not ST-oriented typically, but bought FLTW in gambling Roth today (down primarily due to about 20 SARS-2 cases, not so much US-media reported margin calls). Also, added some FLJP, FLKR and VNM each down in sympathy with TWSE. When/if Tokyo Olympics are cancelled, I'll add more FLJP. All angles to mainland market with less mainland-share risk. More Europe value, SU, and FLIN too as latter portfolio continues performing. Eventually, Indian crisis will move beyond tragic crisis. Further tangent: US media underreporting SARS hitting rural India countryside and neighboring Nepal and Bengladesh similarly harshly. Pakistan?

 

[Da_Aisijimo_Gou]

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.

Bit of BTC, sure. NFW, a Ferrari for a 16 year old.

 

[SubbaBub]

I bought 400 shares of COIN when it retraced to 255. Does that mean I'm hashtagging?

 

[Da_Aisijimo_Gou]

Where’s roaring kitty?!!!?

Sitting pretty wherever he sits.

 

[ClifSpliffy]

now, back to the 10 year auction today. their opinion:
'Grade: A. There was nothing wrong with the auction even though there is more anxiety from the CPI data today.'
US treasury auctions are 41 billion of 10 year notes at a high yield of 1.684% (forexlive.com)
i agree on the grade, yet suppose the demand was driven by many motivated by fear of ...
worth repeating: 'economics- supply, demand, fear, greed, das it. the rest of it is just mumbledygook.' just ask those folks all across the US Southeast standing in line at the gas pumps right now. i hear that metro charlotte is close to empty.
and for the cryptocurious sincere folks here, todays price action speaks volumes.
apparently, and among those very few 'best in class' versions, it would seem that eth is acting like the place to run to when the queasy stomach thing kicks in.
but then, there is this!
SEC's Gensler: Crypto Trading Needs More Federal Oversight | ThinkAdvisor

 

[Scot-e]

I agree that most of the 9000 crypto projects will turn out to be worth zero. Most are frauds or simply will never be adopted enough to merit any real value. However many are here to stay and are just another evolutionary phase in finance and how we will conduct business. Banks will be less valuable- wallstreet will have less power and control and there will be options for currencies outside of those controlled by governments. BTC has a 10 year track record and is certainly not a flash in the pan.
95% of my crypto portfolio value is in projects that are in the top 20 market cap. Not all of them started there- like theta. Many are companies creating real value like chainlink. I really think you can’t throw all of crypto in one basket- like anything you have to spend time- do research and not pile in like a hungry kid at a buffet when things are running up.
We think there will be a big correction over the summer - which is healthy and shows maturity in the market. Even a 50% correction will still leave most of us up 3x in 6 months. A long term vision IMHO will not end in disaster if your portfolio is well thought out and you have a healthy heart to ride out the bumpy road. Since 2015 I can not count the amount of times “ we have been doomed”.

 

[UConnSwag11]

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.

The gold standard is a cap on spending. The Fed should be abolished. 100+ years of dollar destruction, the largest government in history, the most debt in history, and the largest wealth inequality all due the Fed and D.C

 

[UConnSwag11]

Vitalik sold his hib for $ETH and is tanking HIB and everything else.

 

[Da_Aisijimo_Gou]

The Fed should be abolished.

Abolish the Fed, or Treasury as someone else recently suggested, but what replaces a federal/central currency entity? Changes sure, yet IMHO some federal entity will oversee digital FedCryptoGreenback to be named.

 

[HuskyHawk]

No clue, but diddled around with ARKK before selling 90% coupla weeks back. Up 125% since May 2020 buys was enough. Unclear where ARKK's going, yet DCAing considering DCAing some back in OR in to other ETFs with similar objectives, e.g., other 3D, space-focused, etc ETFs with longer track records. Added bit of ARKG and ARKQ on biggest dips despite Wood's perceived quirks.

Not ST-oriented typically, but bought FLTW in gambling Roth today (down primarily due to about 20 SARS-2 cases, not so much US-media reported margin calls). Also, added some FLJP, FLKR and VNM each down in sympathy with TWSE. When/if Tokyo Olympics are cancelled, I'll add more FLJP. All angles to mainland market with less mainland-share risk. More Europe value, SU, and FLIN too as latter portfolio continues performing. Eventually, Indian crisis will move beyond tragic crisis. Further tangent: US media underreporting SARS hitting rural India countryside and neighboring Nepal and Bengladesh similarly harshly. Pakistan?

I bought some ARKK and some ARKW. While the rest of my portfolio has been bloodied further this afternoon, those are holding right at the price point where I bought. Hoping that signals resistance. When I look at where things are vs the 52 week high, lots of things are still near that high, those ARK ETFs are not. PRNT is my only ARK ETF that is in the green still.

I think we all wonder this is the year 2000 over again, I don't think it is. Fundamentally we had a market in the late 90s that didn't know what it was doing. The valuation of AOL for example, allowing them to buy Time Warner while having essentially no valuable technology at all, that was crazy. But that's not our world today, delivery of almost everything people and business needs requires technology. We aren't ever going to be less digital and more analog than we are today. Picking winners in that future is hard, that's why I prefer to let Ms. Wood do that.

I looked at some articles, and ARK is buying the dip on COIN, TSLA and others.

 

[Jay-Bone]

Elon Musk is the worst.

If this marks the end of the bull run, he's going to become the world's most hated man.

 

[HuskyCLT]

Chainlink And Filecoin Work To Fulfill DeFi’s $867 Trillion Promise

A new report from the World Economic Forum estimates that $866.9 trillion could eventually be transferred from traditional financial markets to blockchain-based decentralized finance (DeFi), whose current TVL is over $80 billion. Driving this exponential growth is the evolution of more advanced...

chainlinktoday.com

?

 

[CTBasketball]

Elon Musk is the worst.

If this marks the end of the bull run, he's going to become the world's most hated man.

He’s a pump and dump man. His entire life is raising enthusiasm and then under delivering.