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

[milwaukee bunks]

limits on coinbase are different for everyone and the type of bank/card you use, just a heads up.

[PedroGrande]

-

[MickeyDavis]

So it seems to me if you want to use a credit card for XPR you have to go through Coinbase and then transfer the BTC to GDAX and then to Binance or whatever exchange. Going through GDAX saves you a transfer fee you would pay going directly from Coinbase to the exchange (Binance or whatever) . But if you are not using a credit card you could just skip Coinbase and buy BTC directly on GDAX and then do the transfer. Saves a step. Unless I'm not understanding something correctly.

[bizarro]

So it seems to me if you want to use a credit card for XPR you have to go through Coinbase and then transfer the BTC to GDAX and then to Binance or whatever exchange. Going through GDAX saves you a transfer fee you would pay going directly from Coinbase to the exchange (Binance or whatever) . But if you are not using a credit card you could just skip Coinbase and buy BTC directly on GDAX and then do the transfer. Saves a step. Unless I'm not understanding something correctly.

You are correct. The incentive for using a Debit/Credit card is the immediate availability of funds. That's my preference as acting on something can change in a day's time - the bank acct transfers take 3-5 business days currently.

To sum up; a Credit/Debit card deposit into Coinbase and then a free transfer to Gdax and then another transfer to your exchange of choice is my ideal trading set-up.

I'll cue you all in on something as well: Deep Brain Chain (DBC) is available on KuCoin. This is a coin that is an extension of the Neo and NeoGas project (huge in China) whereby you can set up a node on your desktop. I bought Neo when it was at $13 and it is sitting at $72 today (this past week mainly trading in the $58-65 USD range). The benefit of the node is by hosting a wallet on your desktop (OR, by keeping it on Kucoin as they distribute gas on the exchange) you are reimbursed with 'Gas' by helping solidify the network and by partaking in the use/solidification of Neo. This is proof of stake - i.e. you can't 'mine' Neo. I digress. Deep Brain Chain's ICO sold out in 3.5 hours. It hit the market on the 26th at $0.07. There was the prototypical spike to around $0.13 that first day and then there was predictably a big dump from ICO players (most likely).

HOWEVER, my point in sharing all of this is I want my friends to learn of good opportunities. Make your own decisions and read the White Paper. I am not an advisor BUT DBC did just win the "Golden Chain" award at the Blockchain Application Summit. It's the first integration of an AI platform into the blockchain system as far as I'm aware - someone else can chime in here.

https://cointelegraph.com/press-releases/deepbrain-won-golden-chain-award-at-blockchain-technology-application-summit

Most definitely a worthwhile speculative add to the portfolio. I'm currently holding $6,000 DBC. I may invest more in the upcoming week.

[bizarro]

limits on coinbase are different for everyone and the type of bank/card you use, just a heads up.

That limit is very easy to raise within a month's time. BUT, have your ducks in a row. Know your strategy. Know there are fees involved and there is a market to bet against. I almost always deposit into my USD wallet and wait for a good gauge at what is happening on a given day.

[MissKhriddleton]

So Ripple...

[MickeyDavis]

So Ripple...

All over the place today.

[MickeyDavis]

I know there's after hours stock trading but for the most part you can catch your breath when the market closes. But with this stuff the market never closes.

[skones]

So Ripple...

This was to be expected given the jump it had. The fact that it's sitting tight at $2 right now is super promising given where it sat on early on the 28th. Then again, I bought my shares earlier than most, so I'm still up pretty big.

[Profound23]

So Ripple...

This was to be expected given the jump it had. The fact that it's sitting tight at $2 right now is super promising given where it sat on early on the 28th. Then again, I bought my shares earlier than most, so I'm still up pretty big.

It’s following the pattern. It usually triples itself, then goes down 1/3rd......stands pat for two weeks....and follows that pattern.

[For Waukee]

So it seems to me if you want to use a credit card for XPR you have to go through Coinbase and then transfer the BTC to GDAX and then to Binance or whatever exchange. Going through GDAX saves you a transfer fee you would pay going directly from Coinbase to the exchange (Binance or whatever) . But if you are not using a credit card you could just skip Coinbase and buy BTC directly on GDAX and then do the transfer. Saves a step. Unless I'm not understanding something correctly.

You are correct. The incentive for using a Debit/Credit card is the immediate availability of funds. That's my preference as acting on something can change in a day's time - the bank acct transfers take 3-5 business days currently.

To sum up; a Credit/Debit card deposit into Coinbase and then a free transfer to Gdax and then another transfer to your exchange of choice is my ideal trading set-up.

I'll cue you all in on something as well: Deep Brain Chain (DBC) is available on KuCoin. This is a coin that is an extension of the Neo and NeoGas project (huge in China) whereby you can set up a node on your desktop. I bought Neo when it was at $13 and it is sitting at $72 today (this past week mainly trading in the $58-65 USD range). The benefit of the node is by hosting a wallet on your desktop (OR, by keeping it on Kucoin as they distribute gas on the exchange) you are reimbursed with 'Gas' by helping solidify the network and by partaking in the use/solidification of Neo. This is proof of stake - i.e. you can't 'mine' Neo. I digress. Deep Brain Chain's ICO sold out in 3.5 hours. It hit the market on the 26th at $0.07. There was the prototypical spike to around $0.13 that first day and then there was predictably a big dump from ICO players (most likely).

HOWEVER, my point in sharing all of this is I want my friends to learn of good opportunities. Make your own decisions and read the White Paper. I am not an advisor BUT DBC did just win the "Golden Chain" award at the Blockchain Application Summit. It's the first integration of an AI platform into the blockchain system as far as I'm aware - someone else can chime in here.

https://cointelegraph.com/press-releases/deepbrain-won-golden-chain-award-at-blockchain-technology-application-summit

Most definitely a worthwhile speculative add to the portfolio. I'm currently holding $6,000 DBC. I may invest more in the upcoming week.

You seem like you really know what you're talking about here. Curious if you could give some more info about KuCoin exchange and other crypto exchanges and their real role here. I'm still very reluctant to do anything, although I'm learning a lot as I read through this thread.

My biggest concern is with regard to having to buy into one of the big coins first and then using some address to transfer that to a different exchange to buy into, say, DBC. I've heard stories of people losing their coins when trying to switch between exchanges. Is that a reasonable concern? Also, how does it work if I wanted to put a stop loss in place to protect myself? I assume you can't hold your coins in an offline wallet and do that? Also, do you have to worry about considering the change in value of one of the big coins when determining your gains (losses) in an alt coin. Seems awfully clumsy a system, especially as someone just now dabbling in stocks.

With that said, what I like about the stock market, is that I can use any brokerage account to invest in any stock on any U.S stock exchange. So, if you think about each cryptocurrency as a company's stock, and each crypto exchange as a stock brokerage, wouldn't it seem logical to make every coin available through every exchange. That way, it wouldnt matter what exchange you used to purchase a certain alt-coin, just like it doesn't really matter what stock broker you use when you buy stock.

[bizarro]

So it seems to me if you want to use a credit card for XPR you have to go through Coinbase and then transfer the BTC to GDAX and then to Binance or whatever exchange. Going through GDAX saves you a transfer fee you would pay going directly from Coinbase to the exchange (Binance or whatever) . But if you are not using a credit card you could just skip Coinbase and buy BTC directly on GDAX and then do the transfer. Saves a step. Unless I'm not understanding something correctly.

You are correct. The incentive for using a Debit/Credit card is the immediate availability of funds. That's my preference as acting on something can change in a day's time - the bank acct transfers take 3-5 business days currently.

To sum up; a Credit/Debit card deposit into Coinbase and then a free transfer to Gdax and then another transfer to your exchange of choice is my ideal trading set-up.

I'll cue you all in on something as well: Deep Brain Chain (DBC) is available on KuCoin. This is a coin that is an extension of the Neo and NeoGas project (huge in China) whereby you can set up a node on your desktop. I bought Neo when it was at $13 and it is sitting at $72 today (this past week mainly trading in the $58-65 USD range). The benefit of the node is by hosting a wallet on your desktop (OR, by keeping it on Kucoin as they distribute gas on the exchange) you are reimbursed with 'Gas' by helping solidify the network and by partaking in the use/solidification of Neo. This is proof of stake - i.e. you can't 'mine' Neo. I digress. Deep Brain Chain's ICO sold out in 3.5 hours. It hit the market on the 26th at $0.07. There was the prototypical spike to around $0.13 that first day and then there was predictably a big dump from ICO players (most likely).

HOWEVER, my point in sharing all of this is I want my friends to learn of good opportunities. Make your own decisions and read the White Paper. I am not an advisor BUT DBC did just win the "Golden Chain" award at the Blockchain Application Summit. It's the first integration of an AI platform into the blockchain system as far as I'm aware - someone else can chime in here.

https://cointelegraph.com/press-releases/deepbrain-won-golden-chain-award-at-blockchain-technology-application-summit

Most definitely a worthwhile speculative add to the portfolio. I'm currently holding $6,000 DBC. I may invest more in the upcoming week.

You seem like you really know what you're talking about here. Curious if you could give some more info about KuCoin exchange and other crypto exchanges and their real role here. I'm still very reluctant to do anything, although I'm learning a lot as I read through this thread.

My biggest concern is with regard to having to buy into one of the big coins first and then using some address to transfer that to a different exchange to buy into, say, DBC. I've heard stories of people losing their coins when trying to switch between exchanges. Is that a reasonable concern? Also, how does it work if I wanted to put a stop loss in place to protect myself? I assume you can't hold your coins in an offline wallet and do that? Also, do you have to worry about considering the change in value of one of the big coins when determining your gains (losses) in an alt coin. Seems awfully clumsy a system, especially as someone just now dabbling in stocks.

With that said, what I like about the stock market, is that I can use any brokerage account to invest in any stock on any U.S stock exchange. So, if you think about each cryptocurrency as a company's stock, and each crypto exchange as a stock brokerage, wouldn't it seem logical to make every coin available through every exchange. That way, it wouldnt matter what exchange you used to purchase a certain alt-coin, just like it doesn't really matter what stock broker you use when you buy stock.

I just know as much as I research and experientially learn from, really. KuCoin is another in a lineage of Chinese exchanges. BUT, I really like them because it's easy to get signed up and they have good incentive programs in addition to having an entire lineage of Ethereum and proof of contract derivatives not found elsewhere. I keep my Neo there, for example, which demonstrates the amount of trust I have.

It's extremely easy to transfer the coins nowadays. Though, the preface to this is always: cross-check the wallet you are transferring from (i.e. am I transferring BTC, or LTC, or ETH from Coinbase or GDax?) AND double cross-check that it is going to the same type of wallet down the line. Then, triple check: OK, I'm copying and pasting such and such destination which is most definitely the same currency I'm sending from. The point being: the only time I've ever lost crypto in this exchange is when I failed to copy and paste correctly and double verify I had the right address from my clipboard. A harsh lesson as it simply disappeared. So it is.

This brings up deeper issues in the blockchain for me: interoperability. The current environment of the OG's like Bitcoin and Ethereum, is fraught with issues. It's cumbersome. It's slow. And the fixes are patches akin to a bandaid on a leaking ship. This isn't to downgrade their importance nor their price. But, try transferring BTC right now - it might take you 2 hours depending upon where and how much you are working with. These are not user-friendly. And, imho, they are now antiquated. The algorithm may go until 2140 BUT I doubt it's functionality beyond another few years (I'll factor in decay due to the slow movement of societal memes in general). My point being: If I'm banking on a functional and widely applicable and utilitarian Crypto, I'm looking at a project like 'Cardano' in Japan (ADA). This is a 3rd gen Crypto project that has depth beyond any other coin on the market. Peer Reviewed; community consent and backing; interoperability as a core goal (addressing my concern from above) and just a fantastic team. Carry on.

[bizarro]

So Ripple...

This was to be expected given the jump it had. The fact that it's sitting tight at $2 right now is super promising given where it sat on early on the 28th. Then again, I bought my shares earlier than most, so I'm still up pretty big.

It’s following the pattern. It usually triples itself, then goes down 1/3rd......stands pat for two weeks....and follows that pattern.

Egggggzactly. This is no different than day trading in other markets. BUT, the speed at which these change is quite accelerated. A given coin will span a breadth in a given day but it will typically re-center near its mean. You can try to trade this volatility - I've done it but I wouldn't recommend it (it can be hair wringing!). However, if you follow the basic pattern of a 'triple rise' and then play the spike, you can really do wonders. It's quite easy to prepare for this because most exchanges allow you to input the stop/sell point and quantity in advance. As Profound says above, these spikes will be followed by a dip and a readjusting to the new Norm. This is most always still many percentage points above the old norm. I've witnessed this phenomenon for a couple years now. You just have to trust your instincts and follow your intuition.

[For Waukee]

How do you guys decide which "major" crypto i.e btc, ltc, etc, to transfer your $ through when purchasing alt coins? Does it matter?

[MickeyDavis]

So right now I have just a little cash in cryptos. My Ripple is at Binance. I know nothing about cold wallets. What is the preference for those and how do I actually transfer the coins from Binance (or another exchange) to them (and back if I want to sell something)?

[midranger]

You guys understand that all this price volatility is caused by the unregulated collusion of a small number of whales, right?

The volatility is what gets the individual investors greedy, but there is a select group making bundles of cash on these big daily swings.

[MickeyDavis]

I couldn't care less about that. I'm not a day trader or a swing trader. I'm in crypto with money I can afford to lose. I have a target price, if it hits it great, I cash out happy with no regrets if it goes higher. If I lose it so be it, I piss more money away at Art's.

[midranger]

I couldn't care less about that. I'm not a day trader or a swing trader. I'm in crypto with money I can afford to lose. I have a target price, if it hits it great, I cash out happy with no regrets if it goes higher. If I lose it so be it, I piss more money away at Art's.

That's all well and good. The problem is that this thread became solely about crypto speculation and we have a ton of younger, less financially sophisticated posters reading who may look at this as more than gambling. To those guys, please don't over-extend yourself in this stuff.

My intention in this thread was to get a feel for everyone's reasonable portfolios and how they will change/rebalance them in the coming year given the new tax law, rally of market, etc... Probably wasn't the best thread for a basketball forum I know. I never intended to have it end up a tutorial on how to most efficiently speculate on crypto.

[Zeezprah]

speaking of the tax plan, has anyone received a raise or bonus from the tax cut?

i work somewhere that will benefit greatly from the tax plan. my guess is they won't give us anything though.

[MickeyDavis]

I couldn't care less about that. I'm not a day trader or a swing trader. I'm in crypto with money I can afford to lose. I have a target price, if it hits it great, I cash out happy with no regrets if it goes higher. If I lose it so be it, I piss more money away at Art's.

That's all well and good. The problem is that this thread became solely about crypto speculation and we have a ton of younger, less financially sophisticated posters reading who may look at this as more than gambling. To those guys, please don't over-extend yourself in this stuff.

My intention in this thread was to get a feel for everyone's reasonable portfolios and how they will change/rebalance them in the coming year given the new tax law, rally of market, etc... Probably wasn't the best thread for a basketball forum I know. I never intended to have it end up a tutorial on how to most efficiently speculate on crypto.

I get it. I guess there's just not much to talk about with "traditional" investing. Put your money in low fee index funds and forget about it. That's where most of my money is. The fun part is the small slice that's in active investments. If someone is trying to "get rich quick" in cryptos or anything else they're foolish no matter their age. Rule number 1 in investing is to educate yourself and guage risk.