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

vegaspacker · Post #641 » by **vegaspacker** » Mon Apr 12, 2021 2:00 pm

Omg guys, if you haven't tapped into crypto yet I am pleading with you as a colleague to consider it. There's a new paradigm shift happening and hopefully you put something into some of the coinbase offerings.

I'm planning to hit the IPO on Wednesday, it is quite a significant opportunity.

Post #642 » by **MickeyDavis** » Mon Apr 12, 2021 5:30 pm

I don't know much about the ins and outs of crypto wallets and how it all works. 2-3 years ago I bought 1000 XRP coins. I had a friend buy it for me because I didn't know the procedure. Now I have a Coinbase account and I figured out how to give him the info to transfer my XRP to my Coinbase wallet. I'm not planning on selling anytime soon (my average I think is around $1.75). But since Coinbase has delisted XRP for now how would I go about selling if I wanted to?

Ill-yasova · Post #643 » by **Ill-yasova** » Mon Apr 12, 2021 5:43 pm

Alright, it looks like I need to dip my toes in crypto. Any recommendations for which cryptos to start with?

Young Dude · Post #644 » by **Young Dude** » Mon Apr 12, 2021 6:43 pm

MickeyDavis wrote:I don't know much about the ins and outs of crypto wallets and how it all works. 2-3 years ago I bought 1000 XRP coins. I had a friend buy it for me because I didn't know the procedure. Now I have a Coinbase account and I figured out how to give him the info to transfer my XRP to my Coinbase wallet. I'm not planning on selling anytime soon (my average I think is around $1.75). But since Coinbase has delisted XRP for now how would I go about selling if I wanted to?

Sell on Kucoin (among other options, Kucoin is just super reliable) into an asset like Ether supported on Coinbase (or whatever exchange you use to exit into fiat), transfer Ether from Kucoin to that exchange, then sell to fiat.

I've been in since 2017 and that's my plan.

-Jragon- · Post #645 » by **-Jragon-** » Mon Apr 12, 2021 7:13 pm

Any fellow #stratters in here?

thonnisbeastley · Post #646 » by **thonnisbeastley** » Mon Apr 12, 2021 8:38 pm

Ill-yasova wrote:Alright, it looks like I need to dip my toes in crypto. Any recommendations for which cryptos to start with?

Buy ChainLink if you want the largest ROI over the next 3-5 years. Buy some **** coin like XRP/ADA/Doge if you want to make a few quick bucks this year, just make sure you time the top correctly or you will end up with no profit.

Finn · Post #647 » by **Finn** » Mon Apr 12, 2021 11:58 pm

So you're suggesting we try to time the market?

HurricaneKid · Post #648 » by **HurricaneKid** » Tue Apr 13, 2021 9:36 pm

Finn wrote:So you're suggesting we try to time the market?

The problem here is that so many of the stocks/coins are CLEARLY worthless yet hold market value. GME, Doge, etc are nothing more than a game of hot potato. These things aren't inherently valuable. They are only valuable until they aren't. So if you aren't trying to time the market with them just GTFO and save yourself the headache. You should probably be in a diversified low fee fund anyways.

Sent from my SM-G955U using RealGM mobile app

Finn · Post #649 » by **Finn** » Wed Apr 14, 2021 12:32 am

HurricaneKid wrote:
Finn wrote:So you're suggesting we try to time the market?

The problem here is that so many of the stocks/coins are CLEARLY worthless yet hold market value. GME, Doge, etc are nothing more than a game of hot potato. These things aren't inherently valuable. They are only valuable until they aren't. So if you aren't trying to time the market with them just GTFO and save yourself the headache. You should probably be in a diversified low fee fund anyways.

Sent from my SM-G955U using RealGM mobile app

Not sure if you're advising me or the board. If me, I can assure you there's no need for me to GTFO since I never got the F in. And I never will. I won't be coming anywhere near crypto unless one of our funds is dabbling in it (which I highly doubt).

I'm old-fashioned, & timing the market is a fool's game IMO.

SupremeHustle · Post #650 » by **SupremeHustle** » Wed Apr 14, 2021 2:41 pm

Let's get this Coinbase money, y'all.

jschligs · Post #651 » by **jschligs** » Wed Apr 14, 2021 2:46 pm

Doge doubled over the last couple of days. Dope!

Post #652 » by **MickeyDavis** » Wed Apr 14, 2021 2:50 pm

Besides XRP. which I've had for a couple of years I'm also now in Chain and Matic.

What time today is COIN suppose to be active? I've heard around noon but nothing definitive.

Matches Malone · Post #653 » by **Matches Malone** » Wed Apr 14, 2021 3:25 pm

Should I buy the Coinbase IPO right away or wait a day or two? Reddit "Experts" say to wait on IPO's but I have no clue what I'm doing on timing a buy. Just want to invest my money into it lol.

Edit: Seeing a lot of $340 opening on Twitter now. Guess we'll see here soon.

SupremeHustle · Post #654 » by **SupremeHustle** » Wed Apr 14, 2021 3:29 pm

MickeyDavis wrote:Besides XRP. which I've had for a couple of years I'm also now in Chain and Matic.

What time today is COIN suppose to be active? I've heard around noon but nothing definitive.

I've only heard "this afternoon".

Matches Malone · Post #655 » by **Matches Malone** » Wed Apr 14, 2021 5:29 pm

Coinbase is live. It's at $404 of this post

Post #656 » by **MickeyDavis** » Wed Apr 14, 2021 5:49 pm

Matches Malone wrote:Coinbase is live. It's at $404 of this post

Opened at $381, went up to $429. Technically opened at $250 but immediately shot up to $381. We'll see if there's any pullback in the next 2 hours. $372 now

thonnisbeastley · Post #657 » by **thonnisbeastley** » Wed Apr 14, 2021 6:58 pm

Why invest in Coinbase at $400 when you can still invest in Chainlink at >$40? :wink:

midranger · Post #658 » by **midranger** » Wed Apr 14, 2021 8:16 pm

Why is LINK favored amongst this board? Honest question.

thonnisbeastley · Post #659 » by **thonnisbeastley** » Wed Apr 14, 2021 9:35 pm

midranger wrote:Why is LINK favored amongst this board? Honest question.

4th Industrial Revolution

jschligs · Post #660 » by **jschligs** » Thu Apr 15, 2021 7:55 pm

Bought my first NFTs on NBA Topshot, $15 for 4. Only really going it to try and make some money. Got all commons.