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

[midranger]

To the crypto guys investing in Ripple... How many of the XRP coins are you holding and what kind of price point are you looking to get to before dumping it?

Like are you holding 100 and hoping for it to get to $1,000, or holding 10,000 and hoping for it to get to $10, or vice versa?

Just trying to get a feel for what people see the upside is.

Stocks are pushing really hard thus far in the new year (small sample size for sure).

[M-C-G]

To the crypto guys investing in Ripple... How many of the XRP coins are you holding and what kind of price point are you looking to get to before dumping it?

Like are you holding 100 and hoping for it to get to $1,000, or holding 10,000 and hoping for it to get to $10, or vice versa?

Just trying to get a feel for what people see the upside is.

Stocks are pushing really hard thus far in the new year (small sample size for sure).

I think I am swinging for the fences on this...if Skones (or maybe it was another poster) friend that was way in head of the curve on BTC was right, you are looking at taking $3 and turning it into $300 if you have the cajones.

[jschligs]

To the crypto guys investing in Ripple... How many of the XRP coins are you holding and what kind of price point are you looking to get to before dumping it?

Like are you holding 100 and hoping for it to get to $1,000, or holding 10,000 and hoping for it to get to $10, or vice versa?

Just trying to get a feel for what people see the upside is.

Stocks are pushing really hard thus far in the new year (small sample size for sure).

I think I am swinging for the fences on this...if Skones (or maybe it was another poster) friend that was way in head of the curve on BTC was right, you are looking at taking $3 and turning it into $300 if you have the cajones.

Long term hodl here on most coins. Got in on BTC at $2100 (hardly ahead of the curve) and ETH at $200. What I've learned with almost every alt-coin I've invested in is that trying to buy low and sell high in a short time frame is extremely difficult. How do I know? I tried and failed, hard. Now doing long term hodls I've been getting much better ROI and have way less heart attacks.

[HurricaneKid]

I just don't see them as a hold as a class. Someone with more insight can certainly recommend specific coins that could do well but there are 61 different coins with valuations over 500M. And the segment has a market cap of nearing a TRILLION. That's just too high. I don't know how you can find a TRILLION (or 800B) in value there. There are going to be large fluctuations you can ride if you are so inclined but if you don't know how to get in and out in a fraction of a second you are competing with people who can eat you for breakfast.

[skones]

To the crypto guys investing in Ripple... How many of the XRP coins are you holding and what kind of price point are you looking to get to before dumping it?

Like are you holding 100 and hoping for it to get to $1,000, or holding 10,000 and hoping for it to get to $10, or vice versa?

Just trying to get a feel for what people see the upside is.

Stocks are pushing really hard thus far in the new year (small sample size for sure).

I'm going to ride out the pump when it hits coinbase and sell about half of my total, take an extremely healthy gain and reevaluate things as I go. Was initially thinking 5, but now I think it could go as high as 10 with the recent rise. As for me I don't think hoping it gets to Ethereum and BitCoin levels is realistic, but then again, it's not trying to be those currencies which is ultimately why it'll overtake Bitcoin in total "marketcap."

[jschligs]

I just don't see them as a hold as a class. Someone with more insight can certainly recommend specific coins that could do well but there are 61 different coins with valuations over 500M. And the segment has a market cap of nearing a TRILLION. That's just too high. I don't know how you can find a TRILLION (or 800B) in value there. There are going to be large fluctuations you can ride if you are so inclined but if you don't know how to get in and out in a fraction of a second you are competing with people who can eat you for breakfast.

For sure, that's generally why I moved towards the main coins. BTC, ETH, LTC, etc. There's been too many crap coins that I don't trust and can drop 400% in no time. And for someone working a full time job there's just no way to keep up.

[skones]

I just don't see them as a hold as a class. Someone with more insight can certainly recommend specific coins that could do well but there are 61 different coins with valuations over 500M. And the segment has a market cap of nearing a TRILLION. That's just too high. I don't know how you can find a TRILLION (or 800B) in value there. There are going to be large fluctuations you can ride if you are so inclined but if you don't know how to get in and out in a fraction of a second you are competing with people who can eat you for breakfast.

I don't think Ripple's marketcap works in the same matter. You're not holding coins, you're holding tokens. Those tokens value eventually come in being a placeholder for FIAT and their crossboarder circulation in which billions move day after day after day after day and only if Ripple is widely adopted by financial institutions as the standard for cross boarder payments. Stellar works in a similar manner.

Though, in general with the majority of the coins, I'd tend to agree.

[midranger]

I just don't see them as a hold as a class. Someone with more insight can certainly recommend specific coins that could do well but there are 61 different coins with valuations over 500M. And the segment has a market cap of nearing a TRILLION. That's just too high. I don't know how you can find a TRILLION (or 800B) in value there. There are going to be large fluctuations you can ride if you are so inclined but if you don't know how to get in and out in a fraction of a second you are competing with people who can eat you for breakfast.

I don't think Ripple's marketcap works in the same matter. You're not holding coins, you're holding tokens. Those tokens value eventually come in being a placeholder for FIAT and their crossboarder circulation in which billions move day after day after day after day. Stellar works in a similar manner.

Though, in general with the majority of the coins, I'd tend to agree.

It seems like XRP exists to make RippleNet's founder rich, when the platform (not the coin) is the valuable asset.

[skones]

I just don't see them as a hold as a class. Someone with more insight can certainly recommend specific coins that could do well but there are 61 different coins with valuations over 500M. And the segment has a market cap of nearing a TRILLION. That's just too high. I don't know how you can find a TRILLION (or 800B) in value there. There are going to be large fluctuations you can ride if you are so inclined but if you don't know how to get in and out in a fraction of a second you are competing with people who can eat you for breakfast.

I don't think Ripple's marketcap works in the same matter. You're not holding coins, you're holding tokens. Those tokens value eventually come in being a placeholder for FIAT and their crossboarder circulation in which billions move day after day after day after day. Stellar works in a similar manner.

Though, in general with the majority of the coins, I'd tend to agree.

It seems like XRP exists to make RippleNet's founder rich, when the platform (not the coin) is the valuable asset.

It's a valid concern. Why do you think I'm taking that healthy gain?

None of this stuff comes without enormous question marks at this point. I think we all know the market is eventually going to correct in a big way, but in the interim, with a little money to play with, you can make a lot more relative to your initial investment if you're informed and calculated.

[midranger]

I don't think Ripple's marketcap works in the same matter. You're not holding coins, you're holding tokens. Those tokens value eventually come in being a placeholder for FIAT and their crossboarder circulation in which billions move day after day after day after day. Stellar works in a similar manner.

Though, in general with the majority of the coins, I'd tend to agree.

It seems like XRP exists to make RippleNet's founder rich, when the platform (not the coin) is the valuable asset.

It's a valid concern. Why do you think I'm taking that healthy gain?

None of this stuff comes without enormous question marks at this point. I think we all know the market is eventually going to correct in a big way, but in the interim, with a little money to play with, you can make a lot more relative to your initial investment if you're informed and calculated.

So your max up side is ~$10k minus cost of your 1k XRP?

[skones]

It seems like XRP exists to make RippleNet's founder rich, when the platform (not the coin) is the valuable asset.

It's a valid concern. Why do you think I'm taking that healthy gain?

None of this stuff comes without enormous question marks at this point. I think we all know the market is eventually going to correct in a big way, but in the interim, with a little money to play with, you can make a lot more relative to your initial investment if you're informed and calculated.

So your max up side is ~$10k minus cost of your 1k XRP?

I don't think its "max upside" but I it's a return I'm comfortable taking. If it hits $10 per token, I wouldn't expect it to stay their long. The price alone will lead to an influx of investors on coinbase relative to other available coins. That's free money.

[HurricaneKid]

I just don't see them as a hold as a class. Someone with more insight can certainly recommend specific coins that could do well but there are 61 different coins with valuations over 500M. And the segment has a market cap of nearing a TRILLION. That's just too high. I don't know how you can find a TRILLION (or 800B) in value there. There are going to be large fluctuations you can ride if you are so inclined but if you don't know how to get in and out in a fraction of a second you are competing with people who can eat you for breakfast.

I don't think Ripple's marketcap works in the same matter. You're not holding coins, you're holding tokens. Those tokens value eventually come in being a placeholder for FIAT and their crossboarder circulation in which billions move day after day after day after day and only if Ripple is widely adopted by financial institutions as the standard for cross boarder payments. Stellar works in a similar manner.

Though, in general with the majority of the coins, I'd tend to agree.

But if the tokens currently have a valuation of 133B how is that not market cap?

And I don't get how there is an acknowledgement that there is going to be a market correction at some point, yet people urging others to buy, when questions re: the immediate sale of the the coins/tokens are everywhere. Saying hold on the segment, knowing that at some point the bottom is likely to fall out AT THE VERY LEAST on a LOT of them seems peculiar.

I'm not shorting ANYTHING. This feels more like the market attempting to get rid of government and their ability to manipulate currency and if all currency is going to be eliminated and moved into crypto you wouldn't want to be on the selling side of that. But I don't know how the crypto market is going to overtake all governments everywhere. Seems more likely that they would all be shut down first.

Crossing into a TRILLION DOLLARS in market cap seems insane to me. And that is likely to happen at some point. The fact that failing companies just need to say the word "Crypto" to jump 200% is a sign that we are well out of line with reality. I remember all to well the .COM bubble...

[skones]

I just don't see them as a hold as a class. Someone with more insight can certainly recommend specific coins that could do well but there are 61 different coins with valuations over 500M. And the segment has a market cap of nearing a TRILLION. That's just too high. I don't know how you can find a TRILLION (or 800B) in value there. There are going to be large fluctuations you can ride if you are so inclined but if you don't know how to get in and out in a fraction of a second you are competing with people who can eat you for breakfast.

I don't think Ripple's marketcap works in the same matter. You're not holding coins, you're holding tokens. Those tokens value eventually come in being a placeholder for FIAT and their crossboarder circulation in which billions move day after day after day after day and only if Ripple is widely adopted by financial institutions as the standard for cross boarder payments. Stellar works in a similar manner.

Though, in general with the majority of the coins, I'd tend to agree.

But if the tokens currently have a valuation of 133B how is that not market cap?

All of this stuff is hard to project. If you think that, then stay out. I don't think these tokens have specific value, and I think that's where we may differ. Their projected circulation does. World Currency is equal to X. Total World Currency Circulation is equal to Y. Bitcoin, for example, attempts to be a placeholder/replace X. Ripple takes its aim at Y.

Like I said, there's a reason I'm taking a return here, but this is my overall understanding of the tech.

[midranger]

I don't think Ripple's marketcap works in the same matter. You're not holding coins, you're holding tokens. Those tokens value eventually come in being a placeholder for FIAT and their crossboarder circulation in which billions move day after day after day after day and only if Ripple is widely adopted by financial institutions as the standard for cross boarder payments. Stellar works in a similar manner.

Though, in general with the majority of the coins, I'd tend to agree.

But if the tokens currently have a valuation of 133B how is that not market cap?

All of this stuff is hard to project. If you think that, then stay out. I don't think these tokens have specific value, and I think that's where we may differ. Their projected circulation does.

Like I said, there's a reason I'm taking a return here, but this is my overall understanding of the tech.

I could definitely envision a scenario where RippleNet meets proof of concept with XRP with banks, and then completely cuts out individual level investors and stops using XRP all together, in favor of a institutional-only token.

[HurricaneKid]

I don't think Ripple's marketcap works in the same matter. You're not holding coins, you're holding tokens. Those tokens value eventually come in being a placeholder for FIAT and their crossboarder circulation in which billions move day after day after day after day and only if Ripple is widely adopted by financial institutions as the standard for cross boarder payments. Stellar works in a similar manner.

Though, in general with the majority of the coins, I'd tend to agree.

But if the tokens currently have a valuation of 133B how is that not market cap?

All of this stuff is hard to project. If you think that, then stay out. I don't think these tokens have specific value, and I think that's where we may differ. Their projected circulation does. World Currency is equal to X. Total World Currency Circulation is equal to Y. Bitcoin, for example, attempts to be a placeholder/replace X. Ripple takes its aim at Y.

Like I said, there's a reason I'm taking a return here, but this is my overall understanding of the tech.

I neither grasp how the hard value of the current tradable assets have such a value when any value they have is the tech which can easily cut them out (and frankly, for 133B I would cut my own Mom out), nor the assets or willingness to do much about it.

I mean at this point we are just talking about who is going to make a quick buck and who is going to be holding the bag when the inevitable eventual drop occurs. And frankly, I'm taking institutional investors in that play over day traders every. single. time.

[M-C-G]

But if the tokens currently have a valuation of 133B how is that not market cap?

All of this stuff is hard to project. If you think that, then stay out. I don't think these tokens have specific value, and I think that's where we may differ. Their projected circulation does. World Currency is equal to X. Total World Currency Circulation is equal to Y. Bitcoin, for example, attempts to be a placeholder/replace X. Ripple takes its aim at Y.

Like I said, there's a reason I'm taking a return here, but this is my overall understanding of the tech.

I neither grasp how the hard value of the current tradable assets have such a value when any value they have is the tech which can easily cut them out (and frankly, for 133B I would cut my own Mom out), nor the assets or willingness to do much about it.

I mean at this point we are just talking about who is going to make a quick buck and who is going to be holding the bag when the inevitable eventual drop occurs. And frankly, I'm taking institutional investors in that play over day traders every. single. time.

As a relative newby to investing, certainly in this crypto stuff, I am 100% trying to just get in before this feeding frenzy thing happens and will happily leave with hopefully enough to get some landscaping done. That's actually pretty much my goal, but will probably hang on to a bit just to see what happens.

This entire crypto/blockchain concept is either going to be huge or it is going to be .com in my simpleton head. But when people are buying Long Island Blockchain Tea Company shares because it has the word blockchain or bitcoin or whatever it was, and when Hooters stock goes way up, it tells that people are just gobbling this stuff up, every bit as uneducated as I am, just to get in the game. I'm banking on that and just hoping I am slightly in head of that curve to profit.

[HurricaneKid]

All of this stuff is hard to project. If you think that, then stay out. I don't think these tokens have specific value, and I think that's where we may differ. Their projected circulation does. World Currency is equal to X. Total World Currency Circulation is equal to Y. Bitcoin, for example, attempts to be a placeholder/replace X. Ripple takes its aim at Y.

Like I said, there's a reason I'm taking a return here, but this is my overall understanding of the tech.

I neither grasp how the hard value of the current tradable assets have such a value when any value they have is the tech which can easily cut them out (and frankly, for 133B I would cut my own Mom out), nor the assets or willingness to do much about it.

I mean at this point we are just talking about who is going to make a quick buck and who is going to be holding the bag when the inevitable eventual drop occurs. And frankly, I'm taking institutional investors in that play over day traders every. single. time.

As a relative newby to investing, certainly in this crypto stuff, I am 100% trying to just get in before this feeding frenzy thing happens and will happily leave with hopefully enough to get some landscaping done. That's actually pretty much my goal, but will probably hang on to a bit just to see what happens.

This entire crypto/blockchain concept is either going to be huge or it is going to be .com in my simpleton head. But when people are buying Long Island Blockchain Tea Company shares because it has the word blockchain or bitcoin or whatever it was, and when Hooters stock goes way up, it tells that people are just gobbling this stuff up, every bit as uneducated as I am, just to get in the game. I'm banking on that and just hoping I am slightly in head of that curve to profit.

In order for investors to do well, the value of crypto needs to improve from its current valuation at ~800BILLION. I believe in blockchain TECH. I just don't know how the TECH inherently gives so much value. I mean blockchain TECH can work with US Dollars, Dinars, or freaking bananas as long as it controls supply. Saying that inherently means the COINS have nearly a TRILLION dollars worth of value is where I get off the train.

So either a specific coin wins because it is TIED to the winner of the TECH crypto war and is mass adopted, or you need the entire segment to do well. And I have no idea how there is room left for the segment to increase value.

FWIW, I said the same thing about Amazon when it had a value far beyond its profitability and Netflix because its value was built off someone else's supply (who could always increase the price at will and had destroyed industries that tried to work with them in the past). I'm not generally the guy to listen to. I just don't get the math on crypto.

[MartyConlonOnTheRun]

So for those that pulled out of the stock market because of the pending market correction, not a good week to be sitting on the sidelines.

[midranger]

So for those that pulled out of the stock market because of the pending market correction, not a good week to be sitting on the sidelines.

Nope. The tax bill was always going to be very market friendly. Gotta be in it.

[MartyConlonOnTheRun]

Does anyone use a financial adviser? If so, do you already max your tax advantage accounts? If not, what advantage do you get using an adviser?

I went to a party and half the people are using the same guy. It just seems weird to me that people in my age group/salary range are using an adviser. I'm 90% sure they don't max out their tax advantaged accounts, and i don't see the point until you do that. At that point, hell yeah give me some weird investments.