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

jschligs · Post #741 » by **jschligs** » Tue Apr 27, 2021 5:14 pm

ReasonablySober wrote:

Read on Twitter

LOL

Find that interesting because I've got about 6 friends doing it and none of them have had issues getting their money out. I haven't tried yet, but I only have $50-70 worth of moments.

WeekapaugGroove · Post #742 » by **WeekapaugGroove** » Tue Apr 27, 2021 5:22 pm

Experienced Crypto peeps. Tether? Possibly a fraud group that doesn't actually have $50B in cash backing it's coin and it's being used to inflate all crypto or is that just an unfounded internet conspiracy?

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Erifee · Post #743 » by **Erifee** » Tue Apr 27, 2021 9:03 pm

WeekapaugGroove wrote:Experienced Crypto peeps. Tether? Possibly a fraud group that doesn't actually have $50B in cash backing it's coin and it's being used to inflate all crypto or is that just an unfounded internet conspiracy?

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Tarted up ponzi scheme. If you want something that's 1:1 USD backed, just go with dollars themselves. Not an under-capitalized, opaque group of grifters that announce audits they don't actually perform.

WeekapaugGroove · Post #744 » by **WeekapaugGroove** » Tue Apr 27, 2021 9:07 pm

Erifee wrote:
WeekapaugGroove wrote:Experienced Crypto peeps. Tether? Possibly a fraud group that doesn't actually have $50B in cash backing it's coin and it's being used to inflate all crypto or is that just an unfounded internet conspiracy?

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Tarted up ponzi scheme. If you want something that's 1:1 USD backed, just go with dollars themselves. Not an under-capitalized, opaque group of grifters that announce audits they don't actually perform.

I have never have nor ever plan to have any Tether, my fear is more if it is/was a scam that when it falls it will take other crypto down with it because their prices were pumped using fake money.

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Erifee · Post #745 » by **Erifee** » Tue Apr 27, 2021 9:43 pm

WeekapaugGroove wrote:I have never have nor ever plan to have any Tether, my fear is more if it is/was a scam that when it falls it will take other crypto down with it because their prices were pumped using fake money.

Ah, gotcha. Valid fear. I'm sure it wouldn't be good short term, but BTC in particular is crazy resilient. Who knows? I thought Mt. Gox was for sure the end of it, and that was like a decade ago.

Post #746 » by **MickeyDavis** » Tue Apr 27, 2021 10:49 pm

MickeyDavis wrote:Well holy cow Matic is up 30+% today. I actually timed something right. But I'm not selling so it's only paper gain.

And up another 40% today. Crazy

thonnisbeastley · Post #747 » by **thonnisbeastley** » Wed Apr 28, 2021 3:42 am

WeekapaugGroove wrote:Experienced Crypto peeps. Tether? Possibly a fraud group that doesn't actually have $50B in cash backing it's coin and it's being used to inflate all crypto or is that just an unfounded internet conspiracy?

Sent from my SM-G986U using RealGM mobile app

"and it's being used to inflate all crypto..."

That part is absolutely unfounded internet babble, tether definitely doesn't influence the price of other crypto.

BroncoBuck · Post #748 » by **BroncoBuck** » Wed Apr 28, 2021 11:33 am

jschligs wrote:
ReasonablySober wrote:

Read on Twitter

LOL

Find that interesting because I've got about 6 friends doing it and none of them have had issues getting their money out. I haven't tried yet, but I only have $50-70 worth of moments.

I left Top Shot completely because it took so long to get my money out. I was in early and made about 2 grand. It took over 100 days for my withdraw to make it to my account. This was quite a while ago so maybe it’s improved, but it was ridiculous. There were other people on Reddit at the time who had far more than I did who waited even longer for their money.

Post #749 » by **VCfor3** » Thu Apr 29, 2021 2:06 pm

What do people think of ALGO? A buddy of mine who does a decent bit of Crypto thinks it has a run coming at some point in the future but I don't know much about it. May try to buy a small amount and see what happens.

vegaspacker · Post #750 » by **vegaspacker** » Sat May 1, 2021 4:20 am

VCfor3 wrote:What do people think of ALGO? A buddy of mine who does a decent bit of Crypto thinks it has a run coming at some point in the future but I don't know much about it. May try to buy a small amount and see what happens.

I have 12 different tokens in my portfolio, Algo is my smallest bag, but watching the 6% apy grow was the incentive that has me staking my Ethereum now.

Cardano is my second largest crypto investment and I plan on setting up the staking this weekend.

Matches Malone · Post #751 » by **Matches Malone** » Tue May 4, 2021 2:05 pm

What the hell is happening with Doge? I just checked and it's almost to .60! I threw some money in as a joke and made $500 so far. Make it make sense.

jschligs · Post #752 » by **jschligs** » Tue May 4, 2021 2:38 pm

Matches Malone wrote:What the hell is happening with Doge? I just checked and it's almost to .60! I threw some money in as a joke and made $500 so far. Make it make sense.

I did the same. Did it just to gamble on it, made a killing so far. Oakland As accepting it for ticket sales, Cuban and the Mavs pumping it, and Elon going on SNL this weekend to pump it.

Matches Malone · Post #753 » by **Matches Malone** » Tue May 4, 2021 2:47 pm

jschligs wrote:
Matches Malone wrote:What the hell is happening with Doge? I just checked and it's almost to .60! I threw some money in as a joke and made $500 so far. Make it make sense.

I did the same. Did it just to gamble on it, made a killing so far. Oakland As accepting it for ticket sales, Cuban and the Mavs pumping it, and Elon going on SNL this weekend to pump it.

That seems pretty important, no? The world is a funny place. Here are all my stable coins just coming along and my meme coin is the one that ends up becoming the currency of the future :lol:

We are living in a simulation.

jschligs · Post #754 » by **jschligs** » Tue May 4, 2021 2:48 pm

Matches Malone wrote:
jschligs wrote:
Matches Malone wrote:What the hell is happening with Doge? I just checked and it's almost to .60! I threw some money in as a joke and made $500 so far. Make it make sense.

I did the same. Did it just to gamble on it, made a killing so far. Oakland As accepting it for ticket sales, Cuban and the Mavs pumping it, and Elon going on SNL this weekend to pump it.

That seems pretty important, no? The world is a funny place. Here are all my stable coins just coming along and my meme coin is the one that ends up becoming the currency of the future We are living in a simulation.

Haha yea, I think Mavs also accept it too. It's just so hilarious (ironic?) that the meme coin to make fun of coins became one of the most used. It's valued at $49 billion, more than Ford and Twitter.

Post #755 » by **MickeyDavis** » Tue May 4, 2021 3:59 pm

There will be a reckoning. But it could be awhile. The key, as it is with stocks, is when to sell and not get so greedy you get burned.

Post #756 » by **MickeyDavis** » Tue May 4, 2021 6:18 pm

I have been accumulating Chainlink under $40 and it's on a run today but not as much as Doge.

Post #757 » by **MickeyDavis** » Tue May 4, 2021 7:54 pm

https://www.businesswire.com/news/home/20210504006148/en/WallStreetBets-Launches-Blockchain-powered-Application-to-Decentralize-Indices

Stannis · Post #758 » by **Stannis** » Wed May 5, 2021 1:30 pm

jschligs wrote:
Matches Malone wrote:What the hell is happening with Doge? I just checked and it's almost to .60! I threw some money in as a joke and made $500 so far. Make it make sense.

I did the same. Did it just to gamble on it, made a killing so far. Oakland As accepting it for ticket sales, Cuban and the Mavs pumping it, and Elon going on SNL this weekend to pump it.

I'd be curious to know how much guys like Elon actually have in Doge

I still believe it's a meme. Guys like Elon and Chamath always pretend to be on the side of retail. They pump a stock. And just sell and/or leave retail holding the bags.

We've seen Chamath do this with stocks like Virgin Galactic.

jschligs · Post #759 » by **jschligs** » Wed May 5, 2021 1:32 pm

Stannis wrote:
jschligs wrote:
Matches Malone wrote:What the hell is happening with Doge? I just checked and it's almost to .60! I threw some money in as a joke and made $500 so far. Make it make sense.

I did the same. Did it just to gamble on it, made a killing so far. Oakland As accepting it for ticket sales, Cuban and the Mavs pumping it, and Elon going on SNL this weekend to pump it.

I'd be curious to know how much guys like Elon actually have in Doge

I still believe it's a meme. Guys like Elon and Chamath always pretend to be on the side of retail. They pump a stock. And just sell and/or leave retail holding the bags.

We've seen Chamath do this with stocks like Virgin Galactic.

As someone who has been ****ed by Virgin Galactic I have my exit point. It's totally a meme and an easy way for those guys to make a crapload of money in no time. I'm trying to decide my exit point as it could come crashing at any moment. I'll sell immediately if it drops to about .50.

lessthannick11 · Post #760 » by **lessthannick11** » Wed May 5, 2021 3:01 pm

https://cointelegraph.com/news/only-whales-move-doge-data-suggests-major-dogecoin-wealth-gap

It seems like it's mostly owned by a few select rich people, so they must have their own exit price as well and it would crash after that?

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