OT: Investing/Stocks/Bonds/Mutual Funds/Crypto

thonnisbeastley · Post #1101 » by **thonnisbeastley** » Sun Jan 30, 2022 10:26 pm

MickeyDavis wrote:$Link is up about 10% the last week. A good buy under $20 IMO (it's about $17.36 now)

$Link is a good buy anywhere under $100 if you plan on holding it for the next 3+ years.

thonnisbeastley · Post #1102 » by **thonnisbeastley** » Sun Jan 30, 2022 10:26 pm

Matches Malone wrote:
thonnisbeastley wrote:
Matches Malone wrote:
You made a tweet about the metaverse awhile back, that got me down a massive crypto rabbit whole looking for the next alt to blossom I think (hope) I found some good ones to hold for a few years.

$Link or ngmi

Been in the portfolio for years

jschligs · Post #1103 » by **jschligs** » Tue Feb 8, 2022 2:30 am

Any of you nerds into NFTs? I have a really good friend who is balls deep into them, he's also heavily invested in a metaverse he's high on. Like I get how they're basically digital art that's verified, and I understand some of the utility in other forms (serialization of often counterfeit products, tickets, etc.), but I view them as 100% pump and dump investments.

My friends all pumped because Paris Hilton follows one of his pet project NFTs...you read her twitter posts and the comments and its just one big circle jerk to hopefully raise the value.

Gianstoppable · Post #1104 » by **Gianstoppable** » Tue Feb 8, 2022 3:25 am

jschligs wrote:Any of you nerds into NFTs? I have a really good friend who is balls deep into them, he's also heavily invested in a metaverse he's high on. Like I get how they're basically digital art that's verified, and I understand some of the utility in other forms (serialization of often counterfeit products, tickets, etc.), but I view them as 100% pump and dump investments.

My friends all pumped because Paris Hilton follows one of his pet project NFTs...you read her twitter posts and the comments and its just one big circle jerk to hopefully raise the value.

NFT folks are weird, just like art folks

I really dont understand how most of these "limited" NFTs have any value as more and more NFTs come out. Waters down the whole market and unless its rare its going to be worth much less. Too risky for me, even though I'm in crypto. I like more of my investments to be in things with utility use. Even when the market is **** or the price goes down I dont fret like STMX.

chonestown · Post #1105 » by **chonestown** » Tue Feb 8, 2022 4:31 pm

chonestown wrote:Does anyone pay for anything with crypto?

Anyone?

th87 · Post #1106 » by **th87** » Tue Feb 8, 2022 4:41 pm

chonestown wrote:
chonestown wrote:Does anyone pay for anything with crypto?

Anyone?

That's not really what it's for at this stage. More a store of value at this time (especially in the case of bitcoin). For the rest of the coins, their real value won't really be realized until (or if) their projects mature.

Erifee · Post #1107 » by **Erifee** » Wed Feb 9, 2022 2:22 am

chonestown wrote:
chonestown wrote:Does anyone pay for anything with crypto?

Anyone?

Ransomware payments.

pack15412 · Post #1108 » by **pack15412** » Mon Feb 14, 2022 9:51 pm

chonestown wrote:
chonestown wrote:Does anyone pay for anything with crypto?

Anyone?

No. I also don't buy anything with precious metals or stocks, which is more of what crypto is like than currency. I bought a chunk of gold out of a vending machine in Vegas about 10 years ago for $60 or so. Probably worth less today than it was back then. It was the height of every open store front opening a WE BUY GOLD epidemic.

chonestown · Post #1109 » by **chonestown** » Mon Feb 14, 2022 10:10 pm

pack15412 wrote:
chonestown wrote:
chonestown wrote:Does anyone pay for anything with crypto?

Anyone?

No. I also don't buy anything with precious metals or stocks, which is more of what crypto is like than currency. I bought a chunk of gold out of a vending machine in Vegas about 10 years ago for $60 or so. Probably worth less today than it was back then. It was the height of every open store front opening a WE BUY GOLD epidemic.

Right, but stocks and precious metals aren't accepted as tender. As the idea of crypto as currency continues to erode, it bears asking what really is crypto?

Thunder Muscle · Post #1110 » by **Thunder Muscle** » Tue Feb 15, 2022 4:58 pm

pack15412 wrote:
chonestown wrote:
chonestown wrote:Does anyone pay for anything with crypto?

Anyone?

No. I also don't buy anything with precious metals or stocks, which is more of what crypto is like than currency. I bought a chunk of gold out of a vending machine in Vegas about 10 years ago for $60 or so. Probably worth less today than it was back then. It was the height of every open store front opening a WE BUY GOLD epidemic.

No. I've strictly been buying small % of Bitcoin (via Cash app), Ethereum (via Venmo), and also silver bullion as long term investments. But if end up needing money, I will likely move Bitcoin to Cash app...which I guess truly isn't paying with Bitcoin since it has to be converted into US dollars.

Thunder Muscle · Post #1111 » by **Thunder Muscle** » Tue Feb 15, 2022 5:01 pm

Gianstoppable wrote:
jschligs wrote:Any of you nerds into NFTs? I have a really good friend who is balls deep into them, he's also heavily invested in a metaverse he's high on. Like I get how they're basically digital art that's verified, and I understand some of the utility in other forms (serialization of often counterfeit products, tickets, etc.), but I view them as 100% pump and dump investments.

My friends all pumped because Paris Hilton follows one of his pet project NFTs...you read her twitter posts and the comments and its just one big circle jerk to hopefully raise the value.

NFT folks are weird, just like art folks

I really dont understand how most of these "limited" NFTs have any value as more and more NFTs come out. Waters down the whole market and unless its rare its going to be worth much less. Too risky for me, even though I'm in crypto. I like more of my investments to be in things with utility use. Even when the market is **** or the price goes down I dont fret like STMX.

I'm intrigued but I don't 100% get it either. Like do you display it? If yes, do you splurge on digital frames? I don't know.

With that said, the Packers gave me a virtual NFT ticket stub for the divisional round via NFL NFT site and posted it for $149 for **** & giggles; it sold within like 4-5 days, haha.

MartyConlonOnTheRun · Post #1112 » by **MartyConlonOnTheRun** » Tue Feb 15, 2022 7:53 pm

Thunder Muscle wrote:
Gianstoppable wrote:
jschligs wrote:Any of you nerds into NFTs? I have a really good friend who is balls deep into them, he's also heavily invested in a metaverse he's high on. Like I get how they're basically digital art that's verified, and I understand some of the utility in other forms (serialization of often counterfeit products, tickets, etc.), but I view them as 100% pump and dump investments.

My friends all pumped because Paris Hilton follows one of his pet project NFTs...you read her twitter posts and the comments and its just one big circle jerk to hopefully raise the value.

NFT folks are weird, just like art folks

I really dont understand how most of these "limited" NFTs have any value as more and more NFTs come out. Waters down the whole market and unless its rare its going to be worth much less. Too risky for me, even though I'm in crypto. I like more of my investments to be in things with utility use. Even when the market is **** or the price goes down I dont fret like STMX.

I'm intrigued but I don't 100% get it either. Like do you display it? If yes, do you splurge on digital frames? I don't know.

With that said, the Packers gave me a virtual NFT ticket stub for the divisional round via NFL NFT site and posted it for $149 for **** & giggles; it sold within like 4-5 days, haha.

Tickets were going for less that lol.

HaroldinGMinor · Post #1113 » by **HaroldinGMinor** » Tue Feb 15, 2022 10:28 pm

chonestown wrote:
pack15412 wrote:
chonestown wrote:
Anyone?

No. I also don't buy anything with precious metals or stocks, which is more of what crypto is like than currency. I bought a chunk of gold out of a vending machine in Vegas about 10 years ago for $60 or so. Probably worth less today than it was back then. It was the height of every open store front opening a WE BUY GOLD epidemic.

Right, but stocks and precious metals aren't accepted as tender. As the idea of crypto as currency continues to erode, it bears asking what really is crypto?

a store of value?

Stannis · Post #1114 » by **Stannis** » Wed Feb 23, 2022 3:50 am

Just curious why this board likes LINK so much?

I'm currently in BTC, DOT, and AVAX.

Thunder Muscle · Post #1115 » by **Thunder Muscle** » Thu Feb 24, 2022 2:25 am

Been a rough stretch in Crypto and now stock market. My gains keep getting smaller and smaller. I don't know if I should load up on Starbucks, if anything to buy down, or if they're in trouble. I feel like every Starbucks im around, no matter the day, are always packed. I know the union thing is hurting and believe China business, but I'm still kinda bullish long term. I dont know. Everything else of mine has been in the red lately except WWE.

Stannis · Post #1116 » by **Stannis** » Thu Feb 24, 2022 3:39 am

Crypto taking another dive. That's where I'm mostly losing.

I sold much of my stocks. And have puts on ARKK and other over-valued / Covid Bubble stocks. This is keeping me alive and beating the market atm.

TDOC, Lemonade, ARKK, SPCE are my big put plays. Basically, the Motley Fool and Reddit stocks.

Post #1117 » by **MickeyDavis** » Thu Feb 24, 2022 4:36 am

I'm standing still. Maxing out 401k and I already maxed Roth IRA but I'm not buying or selling any stocks or crypto right now in taxable accounts. It's temping to buy though.

sidney lanier · Post #1118 » by **sidney lanier** » Thu Feb 24, 2022 6:19 pm

MickeyDavis wrote:I'm standing still. Maxing out 401k and I already maxed Roth IRA but I'm not buying or selling any stocks or crypto right now in taxable accounts. It's temping to buy though.

Seems like the right thing to do right now, however tempting prices become as the world watches Ukraine.

One thing for sure: don't buy rubles.

Stannis · Post #1119 » by **Stannis** » Tue Mar 8, 2022 2:38 am

I know FCEL is our darling on here, but I opened up some put positions on this stock. 7/15 4p

I am very bearish on the market overall. My only ones I'm still holding is NVDA, Microsoft, and SMH

I had some bullish plays like $TX, $YINN, and $SOXL which aren't doing well. Only reason my port is doing good is because I did ok on ARK puts.

I took a lot of profits on my regular brokerage account the last couple months. Sold Amazon, green energy stocks, TSM, and several others.

JEIS · Post #1120 » by **JEIS** » Wed Mar 9, 2022 5:34 am

Stannis wrote:I know FCEL is our darling on here, but I opened up some put positions on this stock. 7/15 4p

I am very bearish on the market overall. My only ones I'm still holding is NVDA, Microsoft, and SMH

I had some bullish plays like $TX, $YINN, and $SOXL which aren't doing well. Only reason my port is doing good is because I did ok on ARK puts.

I took a lot of profits on my regular brokerage account the last couple months. Sold Amazon, green energy stocks, TSM, and several others.

FCEL is like Giannis. 2 years ago it was sitting in the corner at the three point line not getting the ball. Right now it is Giannis with Jason Kidd.
Next few months it will turn into all star Giannis. Next few years MVP Giannis.

$50-$100+ stock in the making.

BBB bill and Exxon partnership for carbon capture.
This war will speed up the use of hydrogen and or carbon capture... Wanting to be less reliant on foreign oil.