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

[HaroldinGMinor]

I hesitated when XRP went below .90 and now it's up to $1.22. Still might buy a little more.

Back under a dollar

I bought a bit more at .90. I'm done buying. Still have a goal of $5 to cash out my original dollar amount and let the rest ride. If it never hits $5 oh well.

Just out of curiosity, do you "buy" with USD? If so, how do you do it? I am registered with Binance but haven't really explored funding an account or anything.

[MickeyDavis]

Back under a dollar

I bought a bit more at .90. I'm done buying. Still have a goal of $5 to cash out my original dollar amount and let the rest ride. If it never hits $5 oh well.

Just out of curiosity, do you "buy" with USD? If so, how do you do it? I am registered with Binance but haven't really explored funding an account or anything.

There is no direct way to buy XRP right now. I buy BTC through Coinbase/GDAX, transfer the BTC to Binance and then purchase XRP on Binance. Pain in the ass. You could also buy BCH, ETH, LTC instead of BTC. If XRP is added to Coinbase at some point (rumors are it will be happening), it will be much easier to just buy it directly.

[MissKhriddleton]

Getting into crypto about 2 weeks ago was just the right time. I basically rowed out to the middle of the Atlantic, flagged down the Titanic because I saw everyone having a good time, and asked if I could board.

[HaroldinGMinor]

I bought a bit more at .90. I'm done buying. Still have a goal of $5 to cash out my original dollar amount and let the rest ride. If it never hits $5 oh well.

Just out of curiosity, do you "buy" with USD? If so, how do you do it? I am registered with Binance but haven't really explored funding an account or anything.

There is no direct way to buy XRP right now. I buy BTC through Coinbase/GDAX, transfer the BTC to Binance and then purchase XRP on Binance. Pain in the ass. You could also buy BCH, ETH, LTC instead of BTC. If XRP is added to Coinbase at some point (rumors are it will be happening), it will be much easier to just buy it directly.

Ah, I got it. OK thanks.

Also, I need to make a quick $30,000 on a roughly $1000 investment as I'm getting married this fall. Any suggestions ?

[MickeyDavis]

30X return by the fall? Bucks are anywhere from 40-1 to 70-1 to win the title this year. Easy money.

[RogerMurdock]

Been fascinating watching the chaos of the past few weeks. Implications of Bitconnect shutting down? Saw RS tweeting something about it earlier this morning.

I have never invested in crypto-currency, but even I knew Bitconnect was a ponzi scheme.

[bizarro]

Getting into crypto about 2 weeks ago was just the right time. I basically rowed out to the middle of the Atlantic, flagged down the Titanic because I saw everyone having a good time, and asked if I could board.

In investing strategies, you did enter at the perfect time. You were too late to experience any of the preposterous gains but just in time to be able to take advantage of this massive correction. BTC notoriously experiences its most intense dip action and resistance in January. This is a historical precedence. My research indicates we may be experiencing this resistance into February 12th, fwiw. This is a perfect time to be riding the dip and taking up quantity. I mean, we've witnessed $300 billion USD leaving the market in a week...good riddance. Let the speculators and hype train passengers exit and let the tenured investors capitalize. Be patient. Your time will come if you ride the waves skillfully. My two satoshis.

[milwaukee bunks]

Been fascinating watching the chaos of the past few weeks. Implications of Bitconnect shutting down? Saw RS tweeting something about it earlier this morning.

has nothing to do with that, anyone with a brain knew it was a ponzi scheme and has been labeled one for years. it's due to the potential regulations/bans in china and south korea, as that affects it everyone else sells off in panic mode to not lose money and it drives it down more. the hardcore investors scoop it back up and give it the little bit of rebound.

like bizarro mentioned, january is a huge dropping point for btc, has been every year

[feldm093]

Been fascinating watching the chaos of the past few weeks. Implications of Bitconnect shutting down? Saw RS tweeting something about it earlier this morning.

has nothing to do with that, anyone with a brain knew it was a ponzi scheme and has been labeled one for years. it's due to the potential regulations/bans in china and south korea, as that affects it everyone else sells off in panic mode to not lose money and it drives it down more. the hardcore investors scoop it back up and give it the little bit of rebound.

like bizarro mentioned, january is a huge dropping point for btc, has been every year

Interesting. I didn't mean to make it sound like a broad pronouncement on crypto based on this Bitconnect. Had no idea what it was until today and figured it must have some relevance in the ever-expanding world of crypto.

I'll continue silently reading from the sidelines as things go forward.

[engelmartin]

Ripple is up 24% in about the last hour. It went from .90 cents this morning to 1.35, and it's climbing. Looks like a good time to recoup some loses.

[MickeyDavis]

Looks like everything is heading back up. I didn't figure Ripple would stay under a buck for long.

[milwaukee bunks]

Been fascinating watching the chaos of the past few weeks. Implications of Bitconnect shutting down? Saw RS tweeting something about it earlier this morning.

has nothing to do with that, anyone with a brain knew it was a ponzi scheme and has been labeled one for years. it's due to the potential regulations/bans in china and south korea, as that affects it everyone else sells off in panic mode to not lose money and it drives it down more. the hardcore investors scoop it back up and give it the little bit of rebound.

like bizarro mentioned, january is a huge dropping point for btc, has been every year

Interesting. I didn't mean to make it sound like a broad pronouncement on crypto based on this Bitconnect. Had no idea what it was until today and figured it must have some relevance in the ever-expanding world of crypto.

I'll continue silently reading from the sidelines as things go forward.

i didnt mean that to come off the way you took it apparently, was just my 2 cents.

[BUCKnation]

Been fascinating watching the chaos of the past few weeks. Implications of Bitconnect shutting down? Saw RS tweeting something about it earlier this morning.

Nothing much. It was pretty clearly a pyramid scheme and it was dumb to invest and people got burned. This is just a scam coin that got taken down.

[bizarro]

Looks like everything is heading back up. I didn't figure Ripple would stay under a buck for long.

We're not out of the clear yet. Keep that confidence close to the chest. Make smart calls. BUT, don't panic and buy because you fear you missed your opportunity. I missed out on my purchase order of Neo (which dipped below my $98 mark) because I fell asleep and forgot to put my order in - HA! AND, two days ago I woke up and Neo was trading at $154USD. There's quite a bit more resistance to break through to feel 'safe'. I do feel there's potentially a few more significant dips before we experience actual normalization and I have my cash in hand at the ready.

[feldm093]

has nothing to do with that, anyone with a brain knew it was a ponzi scheme and has been labeled one for years. it's due to the potential regulations/bans in china and south korea, as that affects it everyone else sells off in panic mode to not lose money and it drives it down more. the hardcore investors scoop it back up and give it the little bit of rebound.

like bizarro mentioned, january is a huge dropping point for btc, has been every year

Interesting. I didn't mean to make it sound like a broad pronouncement on crypto based on this Bitconnect. Had no idea what it was until today and figured it must have some relevance in the ever-expanding world of crypto.

I'll continue silently reading from the sidelines as things go forward.

i didnt mean that to come off the way you took it apparently, was just my 2 cents.

Please, don't think anything of it! Just part of the difficulty of discussing things over a relatively emotive-free medium like an internet forum.

[fansinceforever]

I'm holding Ripple and plan to buy a little more. I see potential there.

Hopped on BTC at $9,600.00 yesterday as well. why the hell not?

[engelmartin]

I'm holding Ripple and plan to buy a little more. I see potential there.

Hopped on BTC at $9,600.00 yesterday as well. why the hell not?

Good call. Binance Coin (BNB) is also probably a pretty safe bet. It was steadily climbing for months before the crash, and it's at 14.60 atm. Even during the "crash" it barely dropped below $10.00, and it's been as high as $24.04.

[fansinceforever]

I'm holding Ripple and plan to buy a little more. I see potential there.

Hopped on BTC at $9,600.00 yesterday as well. why the hell not?

Good call. Binance Coin (BNB) is also probably a pretty safe bet. It was steadily climbing for months before the crash, and it's at 14.60 atm. Even during the "crash" it barely dropped below $10.00, and it's been as high as $24.04.

Thanks for the tip. Ill be looking into this later.

[MickeyDavis]

From the OT thread

can someone talk to me like im a 4 year old,
and give a quick Cryptocurrency (Bitcoin) explanation.

can i get some, without using actual $ to buy in?

have you used any to make a regular purchase?

some good things about it and some bad/risky things about it?

thanks in advance

read through the investing thread. a lot of good info there and if you have more questions just ask in that thread.

Quick, answers though.

1) yes you can invest in some coins, but you have to use real money first like with the stock market.
2) I have never used a coin to pay with anything, but there are a lot of places that accept them with more and more being used. A lot of coins have other utility value though in other forms.
3) the market is very volatile, and like usual, never invest more than you are willing to lose, but the outlook for investing is bright if you find the right projects.

I have used Bitcoin to buy products on newegg and giftcards (to avoid taxes - aka cashing out of a large some in gift cards rather than cash so I don't have to pay them taxes)

Everything else is spot on.

[PANDEMONEUM]

Spoiler:

From the OT thread

read through the investing thread. a lot of good info there and if you have more questions just ask in that thread.

Quick, answers though.

1) yes you can invest in some coins, but you have to use real money first like with the stock market.
2) I have never used a coin to pay with anything, but there are a lot of places that accept them with more and more being used. A lot of coins have other utility value though in other forms.
3) the market is very volatile, and like usual, never invest more than you are willing to lose, but the outlook for investing is bright if you find the right projects.

I have used Bitcoin to buy products on newegg and giftcards (to avoid taxes - aka cashing out of a large some in gift cards rather than cash so I don't have to pay them taxes)

Everything else is spot on.

thanks, im trying to keep up......only on page 17
lots to learn and research