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

[humanrefutation]

Are stock options available in the Robinhood app? I can't seem to find them.

[MickeyDavis]

Are stock options available in the Robinhood app? I can't seem to find them.

https://support.robinhood.com/hc/en-us/articles/115005706846-Trading-Options

[M-C-G]

Here's some of the dudes guarding some crypto stash.....



http://www.bbc.com/news/world-asia-42845505

One of Japan's largest digital currency exchanges says it has lost some $534m (£380m) worth of virtual assets in a hacking attack on its network.

Coincheck froze deposits and withdrawals for all crypto-currencies except Bitcoin as it assessed its losses in NEM, a lesser-known currency.

It may be unable to reimburse the funds lost on Friday, a representative told Japanese media.

If the theft is confirmed, it will be the largest involving digital currency.

While I was trying to sign up for binance, kraken and coinbase, I couldn't help picturing a scenario where someone in Asia was literally taking my information and signing up for credit cards and in process of stealing my identity. And then I pictured telling my wife and her saying WTF were you thinking giving everything anyone could ever need to steal your identity to websites in Asia.

Just waiting for that other shoe to drop, getting a note that my credit score is currently zero and I owe 223K in credit card, mostly purchased in Itunes cards.

[humanrefutation]

Are stock options available in the Robinhood app? I can't seem to find them.

https://support.robinhood.com/hc/en-us/articles/115005706846-Trading-Options

Can you only do that on the desktop? Because I don't see those options when I'm using the app on my phone.

[MickeyDavis]

I've not done options yet on Robinhood and have only used their app so I'm afraid I can't tell you.

[MickeyDavis]

https://support.robinhood.com/hc/en-us/articles/115005706826-Getting-Access-to-Options

I know when I've traded options with other brokers I had to answer some questions to get access. Sounds like Robinhood is the same. And you have to do their dumb "waiting in line" thing as well.

[humanrefutation]

https://support.robinhood.com/hc/en-us/articles/115005706826-Getting-Access-to-Options

I know when I've traded options with other brokers I had to answer some questions to get access. Sounds like Robinhood is the same. And you have to do their dumb "waiting in line" thing as well.

Well, I am new to stock trading, so I imagine I'd need more experience before I'd get approved. But I've been doing a lot of research into options trading and it looks interesting to me, at least as a means to test my predictive abilities.

[crkone]

Yall remember to file those taxes on those cryptocurrencies. Don't want Uncle Sam come knocking on your door.

[MickeyDavis]

https://support.robinhood.com/hc/en-us/articles/115005706826-Getting-Access-to-Options

I know when I've traded options with other brokers I had to answer some questions to get access. Sounds like Robinhood is the same. And you have to do their dumb "waiting in line" thing as well.

Well, I am new to stock trading, so I imagine I'd need more experience before I'd get approved. But I've been doing a lot of research into options trading and it looks interesting to me, at least as a means to test my predictive abilities.

It's been awhile since I did options but I remember the questions being pretty basic. Anyone can answer however they want to get approved. But you definitely should know what you're doing with them.

[midranger]

Read something interesting about Tether being printed out of thin air to prop up Bitcoin value.

Similar to quantitative easing printing fiat out of thin air to prop up the market's value.

You've got Ponzi schemes, massive thefts, and hard core manipulation.

Seems like decentralized capitalism actually behaves quite similarly to centralized capitalism.

[BUCKnation]

I dont know about propping up bitcoin value, but everyone knows Tether is likely very sketchy.

[bizarro]

I dont know about propping up bitcoin value, but everyone knows Tether is likely very sketchy.

Yep. Tether is just one of those 'No No' cryptos. And, this notion that anything is propping up Bitcoin right now is a wee bit uninformed. Neo Dev Con is tomorrow and Wednesday. I'm positioned for this. I hope it behaves as possible though it has that contrary market weighing it down somewhat.

[sidney lanier]

Nobel economist Paul Krugman with a strong Bitcoin stop sign in today's New York Times. Excerpt:

So Bitcoins aren’t really digital cash. What they are, sort of, is the digital equivalent of $100 bills.

Like Bitcoins, $100 bills aren’t much use for ordinary transactions: Most shops won’t accept them. But “Benjamins” are popular with thieves, drug dealers and tax evaders. And while most of us can go years without seeing a $100 bill, there are a lot of those bills out there — more than a trillion dollars’ worth, accounting for 78 percent of the value of U.S. currency in circulation.

So are Bitcoins a superior alternative to $100 bills, allowing you to make secret transactions without lugging around suitcases full of cash? Not really, because they lack one crucial feature: a tether to reality.

Although the modern dollar is a “fiat” currency, not backed by any other asset, like gold, its value is ultimately backed by the fact that the U.S. government will accept it, in fact demands it, in payment for taxes. Its purchasing power is also stabilized by the Federal Reserve, which will reduce the outstanding supply of dollars if inflation runs too high, increase that supply to prevent deflation. And a $100 bill is, of course, worth 100 of these broadly stable dollars.

Bitcoin, by contrast, has no intrinsic value at all. Combine that lack of a tether to reality with the very limited extent to which Bitcoin is used for anything, and you have an asset whose price is almost purely speculative, and hence incredibly volatile. Bitcoins lost about 40 percent of their value over the past six weeks; if Bitcoin were an actual currency, that would be the equivalent of a roughly 8,000 percent annual inflation rate.

Most here will think he doesn't get it. Read the whole thing and see whether you think he does.

[BUCKnation]

I dont know about propping up bitcoin value, but everyone knows Tether is likely very sketchy.

Yep. Tether is just one of those 'No No' cryptos. And, this notion that anything is propping up Bitcoin right now is a wee bit uninformed. Neo Dev Con is tomorrow and Wednesday. I'm positioned for this. I hope it behaves as possible though it has that contrary market weighing it down somewhat.

I got back into Neo when it dipped down to $110 again and its my highest investment. Really like that project.

[humanrefutation]

Anyone have any stocks they're high on? A couple of my friends are high on AMD, which is releasing a likely favorable earnings report today. Nvidia has been getting a boost due to bitcoin mining. I feel like GE is a buy low option right now.

[HaroldinGMinor]

Anyone have any stocks they're high on? A couple of my friends are high on AMD, which is releasing a likely favorable earnings report today. Nvidia has been getting a boost due to bitcoin mining. I feel like GE is a buy low option right now.

I'm sure there are nuggets out there but I'm waiting for the market to correct before I dip in. I'm in hold mode right now.

[M-C-G]

Anyone have any stocks they're high on? A couple of my friends are high on AMD, which is releasing a likely favorable earnings report today. Nvidia has been getting a boost due to bitcoin mining. I feel like GE is a buy low option right now.

I've spent a fair amount of time and money on the medicinal and recreational marijuana market, along with the cannabis extract oil companies. Given Colorado just did 1.4 Billion in sales with I think 150M in tax revenue, every state is going to be jumping in on it and in my mind it is a matter of time before it is a monster industry.

Extraction - Radient Technologies
Potnetwork Holding
Hemp Americana

Trade Fund - MJX (contains larger players in MJ space as well as some tobacco and other)

Just some general companies to reserach;
Insys
Aurora (appear to be positioning themselves through acquisition as a major player long term)
Oranigram

Then if you just want to buy low and hold long;
Massroot
Rocky Mountain High Brands
American Cannabis

All of these come with a pretty decent amount of risk and with some of these stocks day traders do really erratic things with buying and selling cycles each week, but if you are just looking to get in early and play long, many are really affordable until I would guess they are gobbled up in the future through acquisition.

The extract industry in particular is really interesting to me. Seems like that aren't a ton of players yet in that space and the ones that get the foothold first and the production capacity could be huge.

[ackypoo]

Anyone have any stocks they're high on? A couple of my friends are high on AMD, which is releasing a likely favorable earnings report today. Nvidia has been getting a boost due to bitcoin mining. I feel like GE is a buy low option right now.

i got in on amd at $3.67 wooo

havent had any money to invest lately, so i dont know. but im still high on amd and i bought more during the last dip with a little amount of money i had. anytime it dips i plan on buying, basically. so yes, i would say im still high on it. but i dont know anything.

this is a brag post.

[ackypoo]

Anyone have any stocks they're high on? A couple of my friends are high on AMD, which is releasing a likely favorable earnings report today. Nvidia has been getting a boost due to bitcoin mining. I feel like GE is a buy low option right now.

last thing i bought was LNGR, seems like a solid bet iyam. might be worth checking out.

iuts an etf though.

[MickeyDavis]

I'm still sitting with around $9.5K in cash that I'm not sure what to do with. In an IRA so it's long term. As I said earlier in this thread I have all the usual index funds covered, small cap, mid cap, large cap, growth, international, REIT, bonds. I have a couple of stocks that have done great and I may cash out one of them, CZR, I've tripled my money.