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

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

Post#361 » by M-C-G » Wed Jan 3, 2018 6:21 pm

crkone wrote:
gbmb34 wrote:I'm a believer in Ripple, but have seen a few guides about how to buy it but nothing definitive. Does anyone have any suggestions to minimize fees while also being relatively safe?


Coinbase-deposit USD->GDAX-buy ETH->binance-ETH to XRP->Transfer to wallet of your choice


What is the GDAX piece of that? And Now that I have gotten some XRP, is it recommended to keep in Binance or what is the benefit of transferring it out from there to a wallet?
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Re: OT: Investing - Stocks/Mutual Funds/Bonds/Crypto 

Post#362 » by crkone » Wed Jan 3, 2018 6:39 pm

From it's reddit:

GDAX is a subbranch of Coinbase, with a few key differences:

Coinbase lets you trade instantly while your cash is not yet deposited in Coinbase (and even supports credit cards), but charges a fee

GDAX allows for completely free trading as long as you trade using Post-Only limit orders with cash that you had moved into the account and is available to use

GDAX will pay your fees when you send crypto out from GDAX

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

Post#363 » by MickeyDavis » Wed Jan 3, 2018 7:09 pm

Ripple has had a nice run up. All-time high earlier today before it pulled back a bit. I got in "late" but I'm still up over 30%. I'm hoping for another decent dip (and buying opp) before it's added to coinbase.
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Re: OT: Investing - Stocks/Mutual Funds/Bonds/Crypto 

Post#364 » by MickeyDavis » Wed Jan 3, 2018 7:12 pm

crkone wrote:
gbmb34 wrote:I'm a believer in Ripple, but have seen a few guides about how to buy it but nothing definitive. Does anyone have any suggestions to minimize fees while also being relatively safe?


Coinbase-deposit USD->GDAX-buy ETH->binance-ETH to XRP->Transfer to wallet of your choice


That's what I did but bought BTC instead of ETH. I still need a wallet to transfer from Binance but I'm going to wait until I'm done buying. A main reason for using GDAX is no fee to transfer to Binance (or whatever exchange you use)
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Re: OT: Investing - Stocks/Mutual Funds/Bonds/Crypto 

Post#365 » by engelmartin » Wed Jan 3, 2018 7:14 pm

MickeyDavis wrote:
crkone wrote:
gbmb34 wrote:I'm a believer in Ripple, but have seen a few guides about how to buy it but nothing definitive. Does anyone have any suggestions to minimize fees while also being relatively safe?


Coinbase-deposit USD->GDAX-buy ETH->binance-ETH to XRP->Transfer to wallet of your choice


That's what I did but bought BTC instead of ETH. I still need a wallet to transfer from Binance but I'm going to wait until I'm done buying. A main reason for using GDAX is no fee to transfer to Binance (or whatever exchange you use)

You can download Exodus for free, it seems to be a pretty reputable wallet. https://www.exodus.io/

I'm in on Ripple, for those of us keeping score :D
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Re: OT: Investing - Stocks/Mutual Funds/Bonds/Crypto 

Post#366 » by REDDzone » Wed Jan 3, 2018 8:09 pm

I've been off the radar and missed the thread. Excited to see you guys open to crypto (from the few pages I did read). I've been investing in BTC since 2013 and also hold positions in ETH, LTC, and all the other coins I inherited as a BTC hodler for the last however many years lolz. I did take some money out for the first time ever a few weeks ago, otherwise hodl hodl hodl.
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Re: OT: Investing - Stocks/Mutual Funds/Bonds/Crypto 

Post#367 » by MickeyDavis » Wed Jan 3, 2018 8:41 pm

January 21 is the date I'm hearing for XRP to be added to Coinbase. Who the hell knows if it's accurate.
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Re: OT: Investing - Stocks/Mutual Funds/Bonds/Crypto 

Post#368 » by crkone » Wed Jan 3, 2018 9:04 pm

MickeyDavis wrote:January 21 is the date I'm hearing for XRP to be added to Coinbase. Who the hell knows if it's accurate.


When it does happen,

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

Post#369 » by M-C-G » Wed Jan 3, 2018 9:30 pm

MickeyDavis wrote:January 21 is the date I'm hearing for XRP to be added to Coinbase. Who the hell knows if it's accurate.


Anybody with Coinbase that has BMO have a way of loading funds other than CC? For whatever reason, it doesn't seem to recognize BMO and if you try to wire xfer, I don't see the routing/account info to wire into.
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Re: OT: Investing - Stocks/Mutual Funds/Bonds/Crypto 

Post#370 » by engelmartin » Wed Jan 3, 2018 9:34 pm

M-C-G wrote:
MickeyDavis wrote:January 21 is the date I'm hearing for XRP to be added to Coinbase. Who the hell knows if it's accurate.


Anybody with Coinbase that has BMO have a way of loading funds other than CC? For whatever reason, it doesn't seem to recognize BMO and if you try to wire xfer, I don't see the routing/account info to wire into.

Maybe turn off your ad blocker? Or try a different browser
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Re: OT: Investing - Stocks/Mutual Funds/Bonds/Crypto 

Post#371 » by MickeyDavis » Wed Jan 3, 2018 9:47 pm

I've done one bank account transfer to CB, it took about 3 days. I've heard it's quicker after that. Not BMO though.
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Re: OT: Investing - Stocks/Mutual Funds/Bonds/Crypto 

Post#372 » by Jazzy13 » Wed Jan 3, 2018 10:12 pm

I like Gemini exchange as I feel its the most secure. No real reason for me to feel that way but I do. The site hardly ever has errors like the other big ones due to traffic. Also the verification was much smoother.

For the newcomers I suggest opening an account over there and have your bank account linked. They charge one of the lowest trading fees. However they only provide Bitcoin and etherium.

I started off with gemini and bought btc/ether.
I eventually sold the BTC for ripple on Kraken exchange. Kraken I still cant seem to verify my account to tier 3 which is where you can add funds with a bank so I wont even bother with that anymore. The lowest tier is all you need to transfer crypto from another exchange to start trading. If I ever need to pull money out I would transfer it back to gemini to have it in my bank account.
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Re: OT: Investing - Stocks/Mutual Funds/Bonds/Crypto 

Post#373 » by crkone » Thu Jan 4, 2018 3:17 pm

http://www.cnn.com/2018/01/04/politics/jeff-sessions-cole-memo/index.html

Sessions to rescind Obama-era rules on non-interference with states where pot is legal

In a seismic shift, Attorney General Jeff Sessions will announce Thursday that he is rescinding a trio of memos from the Obama administration that adopted a policy of non-interference with marijuana-friendly state laws, according to a source with knowledge of the decision.

While many states have decriminalized or legalized marijuana use, the drug is still illegal under federal law, creating a conflict between federal and state law.

The main Justice Department memo addressing the issue, known as the "Cole memo" for then-Deputy Attorney General Jim Cole in 2013, set forth new priorities for federal prosecutors operating in states where the drug had been legalized for medical or other adult use. It represented a major shift from strict enforcement to a more hands-off approach, so long as they didn't threaten other federal priorities, such as preventing the distribution of the drug to minors and cartels.

The memo will be rescinded but it's not immediately clear whether Sessions will issue new guidance in its place or simply revert back to older policies that left states with legal uncertainty about enforcement of federal law.

The decision had been closely watched since Sessions was sworn in. He told reporters in November he was examining a "rational" policy.



Sell! Sell! Sell!

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

Post#374 » by M-C-G » Thu Jan 4, 2018 4:14 pm

crkone wrote:http://www.cnn.com/2018/01/04/politics/jeff-sessions-cole-memo/index.html

Sessions to rescind Obama-era rules on non-interference with states where pot is legal

In a seismic shift, Attorney General Jeff Sessions will announce Thursday that he is rescinding a trio of memos from the Obama administration that adopted a policy of non-interference with marijuana-friendly state laws, according to a source with knowledge of the decision.

While many states have decriminalized or legalized marijuana use, the drug is still illegal under federal law, creating a conflict between federal and state law.

The main Justice Department memo addressing the issue, known as the "Cole memo" for then-Deputy Attorney General Jim Cole in 2013, set forth new priorities for federal prosecutors operating in states where the drug had been legalized for medical or other adult use. It represented a major shift from strict enforcement to a more hands-off approach, so long as they didn't threaten other federal priorities, such as preventing the distribution of the drug to minors and cartels.

The memo will be rescinded but it's not immediately clear whether Sessions will issue new guidance in its place or simply revert back to older policies that left states with legal uncertainty about enforcement of federal law.

The decision had been closely watched since Sessions was sworn in. He told reporters in November he was examining a "rational" policy.



Sell! Sell! Sell!


Most of my investments are in the Canadian companies and medicinal markets. I'm not too worried, if anything maybe this is will scare some people off and be a good buy situation. At some point, it will be legal everywhere for recreational usage, it is just a matter of time before weed is completely legitimized.
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Re: OT: Investing - Stocks/Mutual Funds/Bonds/Crypto 

Post#375 » by Iheartfootball » Thu Jan 4, 2018 4:16 pm

crkone wrote:http://www.cnn.com/2018/01/04/politics/jeff-sessions-cole-memo/index.html

Sessions to rescind Obama-era rules on non-interference with states where pot is legal

In a seismic shift, Attorney General Jeff Sessions will announce Thursday that he is rescinding a trio of memos from the Obama administration that adopted a policy of non-interference with marijuana-friendly state laws, according to a source with knowledge of the decision.

While many states have decriminalized or legalized marijuana use, the drug is still illegal under federal law, creating a conflict between federal and state law.

The main Justice Department memo addressing the issue, known as the "Cole memo" for then-Deputy Attorney General Jim Cole in 2013, set forth new priorities for federal prosecutors operating in states where the drug had been legalized for medical or other adult use. It represented a major shift from strict enforcement to a more hands-off approach, so long as they didn't threaten other federal priorities, such as preventing the distribution of the drug to minors and cartels.

The memo will be rescinded but it's not immediately clear whether Sessions will issue new guidance in its place or simply revert back to older policies that left states with legal uncertainty about enforcement of federal law.

The decision had been closely watched since Sessions was sworn in. He told reporters in November he was examining a "rational" policy.



Sell! Sell! Sell!


*cough* *cough* this is just to deflect attention from Russia...

But seriously, the states are and have been deciding this. Prohibition on marijuana is in its twilight. The ship has sailed. If anything it might allow those of us who didn't buy early, to get in cheaper if these investments take a hit?
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Re: OT: Investing - Stocks/Mutual Funds/Bonds/Crypto 

Post#376 » by Iheartfootball » Thu Jan 4, 2018 4:17 pm

Spoiler:
M-C-G wrote:
crkone wrote:http://www.cnn.com/2018/01/04/politics/jeff-sessions-cole-memo/index.html

Sessions to rescind Obama-era rules on non-interference with states where pot is legal

In a seismic shift, Attorney General Jeff Sessions will announce Thursday that he is rescinding a trio of memos from the Obama administration that adopted a policy of non-interference with marijuana-friendly state laws, according to a source with knowledge of the decision.

While many states have decriminalized or legalized marijuana use, the drug is still illegal under federal law, creating a conflict between federal and state law.

The main Justice Department memo addressing the issue, known as the "Cole memo" for then-Deputy Attorney General Jim Cole in 2013, set forth new priorities for federal prosecutors operating in states where the drug had been legalized for medical or other adult use. It represented a major shift from strict enforcement to a more hands-off approach, so long as they didn't threaten other federal priorities, such as preventing the distribution of the drug to minors and cartels.

The memo will be rescinded but it's not immediately clear whether Sessions will issue new guidance in its place or simply revert back to older policies that left states with legal uncertainty about enforcement of federal law.

The decision had been closely watched since Sessions was sworn in. He told reporters in November he was examining a "rational" policy.



Sell! Sell! Sell!


Most of my investments are in the Canadian companies and medicinal markets. I'm not too worried, if anything maybe this is will scare some people off and be a good buy situation. At some point, it will be legal everywhere for recreational usage, it is just a matter of time before weed is completely legitimized.


Um, yep, what you said. :)
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Re: OT: Investing - Stocks/Mutual Funds/Bonds/Crypto 

Post#377 » by M-C-G » Thu Jan 4, 2018 4:21 pm

Iheartfootball wrote:
crkone wrote:http://www.cnn.com/2018/01/04/politics/jeff-sessions-cole-memo/index.html

Sessions to rescind Obama-era rules on non-interference with states where pot is legal

In a seismic shift, Attorney General Jeff Sessions will announce Thursday that he is rescinding a trio of memos from the Obama administration that adopted a policy of non-interference with marijuana-friendly state laws, according to a source with knowledge of the decision.

While many states have decriminalized or legalized marijuana use, the drug is still illegal under federal law, creating a conflict between federal and state law.

The main Justice Department memo addressing the issue, known as the "Cole memo" for then-Deputy Attorney General Jim Cole in 2013, set forth new priorities for federal prosecutors operating in states where the drug had been legalized for medical or other adult use. It represented a major shift from strict enforcement to a more hands-off approach, so long as they didn't threaten other federal priorities, such as preventing the distribution of the drug to minors and cartels.

The memo will be rescinded but it's not immediately clear whether Sessions will issue new guidance in its place or simply revert back to older policies that left states with legal uncertainty about enforcement of federal law.

The decision had been closely watched since Sessions was sworn in. He told reporters in November he was examining a "rational" policy.



Sell! Sell! Sell!


*cough* *cough* this is just to deflect attention from Russia...

But seriously, the states are and have been deciding this. Prohibition on marijuana is in its twilight. The ship has sailed. If anything it might allow those of us who didn't buy early, to get in cheaper if these investments take a hit?



Are there some front runners in the US recreational market?
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Re: OT: Investing - Stocks/Mutual Funds/Bonds/Crypto 

Post#378 » by Iheartfootball » Thu Jan 4, 2018 4:32 pm

M-C-G wrote:
Iheartfootball wrote:
crkone wrote:http://www.cnn.com/2018/01/04/politics/jeff-sessions-cole-memo/index.html

Sessions to rescind Obama-era rules on non-interference with states where pot is legal




Sell! Sell! Sell!


*cough* *cough* this is just to deflect attention from Russia...

But seriously, the states are and have been deciding this. Prohibition on marijuana is in its twilight. The ship has sailed. If anything it might allow those of us who didn't buy early, to get in cheaper if these investments take a hit?



Are there some front runners in the US recreational market?


You mean by state, collective, company? California is going to be the biggest producer (if it isn't already). As far as the companies/collectives that are responsible for that I have no idea. Haven't done any research so I'm not qualified. I'm not sure if that was the question you were asking though...
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Re: OT: Investing - Stocks/Mutual Funds/Bonds/Crypto 

Post#379 » by M-C-G » Thu Jan 4, 2018 4:55 pm

Iheartfootball wrote:
M-C-G wrote:
Iheartfootball wrote:
*cough* *cough* this is just to deflect attention from Russia...

But seriously, the states are and have been deciding this. Prohibition on marijuana is in its twilight. The ship has sailed. If anything it might allow those of us who didn't buy early, to get in cheaper if these investments take a hit?



Are there some front runners in the US recreational market?


You mean by state, collective, company? California is going to be the biggest producer (if it isn't already). As far as the companies/collectives that are responsible for that I have no idea. Haven't done any research so I'm not qualified. I'm not sure if that was the question you were asking though...


Yeah, I was more asking, are there a couple of "key players" that would be positioned to be the big players in the market nationwide once the law allows.
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Re: OT: Investing - Stocks/Mutual Funds/Bonds/Crypto 

Post#380 » by Iheartfootball » Thu Jan 4, 2018 5:16 pm

M-C-G wrote:
Iheartfootball wrote:
M-C-G wrote:

Are there some front runners in the US recreational market?


You mean by state, collective, company? California is going to be the biggest producer (if it isn't already). As far as the companies/collectives that are responsible for that I have no idea. Haven't done any research so I'm not qualified. I'm not sure if that was the question you were asking though...


Yeah, I was more asking, are there a couple of "key players" that would be positioned to be the big players in the market nationwide once the law allows.


This is a hunch but I would think the companies already involved in cigarettes and/or alcoholic beverages would be primed to purchase the collectives/companies - but I have absolutely no idea who those companies are. I'm guessing that wouldn't happen for some time though until it's federally legal. So I can only speculate long term. Maybe the collectives can't actually incorporate until it's federally legal so until then you can't invest in them in a traditional sense?

For example I do know the medical/retailers in NorCal. Harborside is one example out here and they purchase from collectives. Heck, if you grow as a resident of CA you can sell your product through them.

There's going to be a whole lot of consolidation going on in the next 5-10 years. You're right though, finding those key players early is advantageous.

Someone here must have more information.
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