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

[DigitalFool]

Thanks for info guys, I'll be following this thread. Just wanted to dabble in this a bit for fun. I got some money to risk.

[MickeyDavis]

Binance still not accepting new traders. FYI

RIght. MD already has an account there. Honestly, I'm annoyed w/ Bittrex and Binance right now. Their wallets are always down. They certainly were when ADA and Sia were rising fast you were stuck on those exchanges. I didn't really care because I don't normally do swing trades as its too stressful (case and point) BUT, if I did...whoa I would have been so irritated. You just never know when they are going to hold you. The wallet maintenance happens all the time on these major exchanges.

When I first bought Iota on Biance, I had to do it via a friend - paypal transfer. Then, I couldn't deposit into my Binance Iota wallet for over a month due to, you guessed it, 'wallet maintenance.

My point is, to anyone getting into this: This technology is sooooooo young. Do not expect smoothness or functionality. Cultivate patience. And work toward soft wallets off the exchanges unless you are actively trading. Use something like Blockfolio (though, I've heard they track your every move and I'm not really that big a fan of more monitoring) or Cointracking to monitor your investments - Cointracking actually is quite amazing as it will help you create a tax strategy and pre-accountant itinerary. And, when you can, and when it works for you soft wallets or your hardware wallets with your re-sell (if you have a desire to) strategy in mind and ready to roll-out. AND, be careful with where you buy a hardware wallet: DO NOT buy a resale or refurbished wallet. A young man just lost his $34,000 portfolio because someone conned him w/ a resell through some techno-trickery.

You got that right about the tech. For those who are in the regular market it's nothing like that where it's simple to just buy and sell. I'm in IT and I've had a hard time figuring all this out. I am only in XRP right now, dipped my toe in and it's all still in Binance. When I'm done buying I'll definitely get it out of there and into a wallet. I've heard the same thing about hardware wallets. Be careful where you buy from. The Ledger Nano S is highly recommended and it's on Amazon. But it's sold on Amazon by 3rd party sellers so I'd be leary about that. Just because something is on Amazon doesn't mean it's legit. Amazon has been courting Chinese vendors big time. And with that comes a lot of fake/used ****. I'd buy directly from the manufacturer if I bought a hardware wallet.

And some point this will all shake out and will probably be more like a regular stock market system. But it sure isn't now.

[MickeyDavis]

Thanks for info guys, I'll be following this thread. Just wanted to dabble in this a bit for fun. I got some money to risk.

Exactly. It's fun trying to figure it all out and if you bet on the right horse(s) you could turn a few hundred into a few thousand. And if I lose it, well I can lose it on the craps table in an hour (or less).

[bizarro]

Thanks for info guys, I'll be following this thread. Just wanted to dabble in this a bit for fun. I got some money to risk.

Exactly. It's fun trying to figure it all out and if you bet on the right horse(s) you could turn a few hundred into a few thousand. And if I lose it, well I can lose it on the craps table in an hour (or less).

You're totally welcome. I am here in service and offering info on what I've learned. Best of luck!

Also, I got my first gpu rig up and running today. Big day for me. By the end of the week, I'll have 5 (potentially 7 cards soon) NVidia 1070's mining the LyraREv2 script getting Verge for the time being. Will be looking at a few other coins as well. The mining adventure is just as big an adventure (and, frankly, pain in the a@@) as the straight trading.

[BUCKnation]

Spoiler:

XRP is one of the most divisive coins in the crypto space. It's kind of hilarious. The staunch Satoshi-ites decry its lack of decentralization and that the founder is essentially the crypto version of Zuckerberg. I'm like: I don't care. Big Banks. Using Ripple. Already 'Use Case'. I holllllld ripple. Let's see where she goes. I got in at the $0.23 mark and am still feeling real real good.

And, because I'm firmly in the open-source open-information economy, I'll give y'all some heads ups (if you care at all);

Deep Brain Chain (DBC) - I highly highly recommend. It's already increased 5 over from its $.07 opening. This is the leading Crypto AI project and is a $1M USD Neo project

Q Link - Another 'Neo' project (sensing a theme? Neo is fantastic and the largest Proof of Stake coin in China. It has risen steady for the past year. It was sitting in the $20's USD around March/April of 2017 and it just spiked from the $50's USD to over $100 in the past month and could see steady growth due to more adoption. You can hold a Neon wallet for passive accumulation of Neo Gas or just keep it on Binance or KuCoin where they distribute Gas monthly and weekly, respectively.) Anyhow, Q Link is a decentralized crypto mobile phone platform. Very very interesting project. Still available under $1.

Substratum - based in Ohio, this is the leading decentralized internet server platform in the game. They will be releasing their desktop stake node platform in Q1 or Q2. At that time: watch out. Good long-term play, I love their concept and their team. It has risen risen risen in the past month but it can still be had in the $2.25 - $3.25 area right now.

WaBi - A great January play. Many big collaborations on the way by the end of this month and it has already been seeing steady rise in the past week. Data Dash's top 3 for January (if you haven't watched Data Dash, do so. He's fantastic). They are one of several competitors in the Enterprise Solutions department of product verification - RFID in this case.

Oyster Pearl: This project was settled in, undervalued I would say, in the $2.-- range but it has already started to rise again. They address two needs, simply I would add with one line of code in the back-end of website, of de-centralized cloud storage and passive revenue accumulation (Oyster Pearls) via website traffic as opposed to website advertisements (which nobody loves!) Also, Oyster Pearl is an ERC20 coin built on top of the Tangle not the Block Chain.

The Tangle you say?!?

MIota: Iota is one of the 'beyond the blockchain' next gen technologies. Their infrastructure is based on what they term 'The Tangle'. A far more involved technology that proclaims to be safer, more secure, and faster in the crypto space. To date, they are still in the late stages of development - as they don't publicly have any well-know use case. BUT, make no mistake, in the next 1-3 years this technology could become just as widespread as blockchain. We just don't know. They experienced a bit of a false rise in December when everyone anticipated a public-declared partnership with Microsoft. It was a bit of a tease as Microsoft and Iota both simply declared they are talking and collaborating but they aren't partners. Keep an eye out here. Currently, it's been vascillating in the $3.30 - $4.06 range since the announcement. This, after peaking the $6.00 market briefly in December.

Cardano (Ada): This may be my favorite project in all of the alt coin world. This is a 3rd gen Ethereum derivative coin based on their inner-evolving core structure 'Ouroborus'. BUT, this is Ethereum on steroids. Their team is fantastic, scholarly, and diverse. This is the only peer-reviewed coin in the marketplace. AND, they are still early enough in development that you can get in with a large amount. They've risen from the $0.44 window of early December. They false peaked to the $1.30 range but have since leveled off around the $0.95 - $1.08 range. Their Daedalus wallet is still in Beta phase and I believe (off the top of my head, I can't remember) this will also be a POS coin by Q3/Q4 of this year. Their website and their map will articulate this much better. If you're in for a good interview with the founder, Charles Hoskinson, see the Spoiler below. Fantastic and revealing interview if you're really into this sector like myself:




If you're interested in a short-term (Q1/Q2) 'gamble' or, hell, even long-term play given their extremely low price: B3 Coin and NYC (New York City Coin - who, I believe is rolling out their own ATM's in NYC this month?) are both extremely low cost coins at present and could rise eventually into that $1 range. NYC, for instance, (available at YoBit and a couple other fringe exchanges - be wary, this is like the wildhorse corral of exchanges...you have to log-in on same day from different IP's. Terrible customer service. A hilarious chat feed. But, honestly, whatever...I go here occasionally for a side hustle) is available for under a cent at present. Both coins could be a fun dip and flip coin for anyone interested. As always, w/ the penny plays in particular: Don't invest what you can not lose. These are always little side hustle 'what if' plays. NYC is a huge market and this coin is finally getting some legitimate publicity and development (They had been stagnant for quite awhile). We'll see. B3 Coin is one of those entities that could rise again. They had risen into the $0.30 USD window awhile back and then crashed below a cent w/ some development set-backs but they appear to be gaining a little bit of steam again. Case study: 2 days ago, my B3 coins rose +5,000% (!!) and are now sitting at the $0.01 - 0.03 range. I still think they are worth a play here as they could easily get to eh $1.-- by year's end. Again, these coins are just little gambles for me as I'm not fully invested in their devlopment like other projects I am actually passionate about.

AND, '

Definitely, definitely, definitely my brothers keep a devout ear and eye toward Hash Graph. This is a next gen Texas-based crypto player who are bringing a technology to the market place called, well, I believe, the HashGraph. Ha! This has the potential to revolutionize much like the Tangle. AND, they are still in development. i.e. they have not even ICO'd as far as I now.


That's all for now, gents. Happy trading and may you experience prosperity!

I've been doing a deep dive on crypto research the past few days while waiting for my coinbase bank transfer to go through and exchanges like binance to allow new users, but I second Cardano and Oyster Pearl. Those projects look really good. I also have been planning on reading up on substratum.

[SupremeHustle]

Do you guys think that a crypto will ever hit 20k or even do as well as Bitcoin was doing at its peak?

[skones]

Do you guys think that a crypto will ever hit 20k or even do as well as Bitcoin was doing at its peak?

No.

[utah_getmetwo]

Vanguard, vanguard and vanguard... 35K in two days last week. No idea which stocks are in these mutual funds but they know what they are doing for sure

[MissKhriddleton]

Patiently waiting for my coins to take off.

[M-C-G]

Very happy with the early returns on my weed stocks. They rebounded really nicely to the Sessions news, made it a great time to buy.

[vlietinho]

Very happy with the early returns on my weed stocks. They rebounded really nicely to the Sessions news, made it a great time to buy.

Yeah defenately, although they're a little in the red atm

[M-C-G]

Very happy with the early returns on my weed stocks. They rebounded really nicely to the Sessions news, made it a great time to buy.

Yeah defenately, although they're a little in the red atm

Yeah, I checked in on them after the post and lots of red. Amazing how this stuff swings. I should be smarter though and just forget it about for a couple of months and check back in, but it was so fun seeing them blow up yesterday.

[vlietinho]

Very happy with the early returns on my weed stocks. They rebounded really nicely to the Sessions news, made it a great time to buy.

Yeah defenately, although they're a little in the red atm

Yeah, I checked in on them after the post and lots of red. Amazing how this stuff swings. I should be smarter though and just forget it about for a couple of months and check back in, but it was so fun seeing them blow up yesterday.

Yeah, I know exactly what you mean!
Mine are actually the first stocks I ever bought so I'm F5-ing like crazy (back in the green btw)

[BuckHole]

I threw $50 at Coinbase over Xmas. I can lose that without too much pain. I’m not going to get rich, but it’ll be fun to follow and allows me to talk about being in on crypto. My 46 year old brain doesn’t understand why there are so many to invest in. What’s the future of Ripple, Ethereum, Bitcoin, etc. I assume the future isn’t many crypto currency, but one or two. Perhaps I don’t understand the difference between the many crypto currencies. I see it as a race to make money by betting on a winner. At some point, a winner will be chosen as what many will want to use. How am I seeing this wrong?
Oh...Hodl!
Origin of Hodl: https://bitcointalk.org/index.php?topic=375643.0

[MickeyDavis]

What did you buy on Coinbase or haven't you made a purchase yet?

[BuckHole]

What did you buy on Coinbase or haven't you made a purchase yet?

Me? I split $50 up between all four offerings. Boring amount, but I’m in, mentally invested, and learning. Fun. No wallet, all on Coinbase. A wallet cost more than the amount I own. If I keep putting $ in, I’ll get one. Now, it’s just an experiment.

[pxp920]

What did you buy on Coinbase or haven't you made a purchase yet?

Me? I split $50 up between all four offerings. Boring amount, but I’m in, mentally invested, and learning. Fun. No wallet, all on Coinbase. A wallet cost more than the amount I own. If I keep putting $ in, I’ll get one. Now, it’s just an experiment.

You can still get a wallet for free (e.g. Blockchain.info) but it will not be cold storage type wallet (e.g. Trezor). However, since you own the keys you're in control and is much safer than leaving it on Coinbase. Heads up if you decide to increase your investment and want to move to a safer option

[MickeyDavis]

I don't know how it works with all coins, I way too new but I know with Ripple a wallet will lock up 20 coins so you basically lose them. I heard something about this might be lowered to perhaps 10, maybe less so if you have Ripple and want to get a wallet, even a free one, keep that in mind.

[BuckHole]

Coinbase security measures: https://www.coinbase.com/security
If I had my retirement in crypto, perhaps I’d move it to a wallet.

[MickeyDavis]

Yeah for small amounts and/or if you are still buying it's fine to leave it in an exchange. I have my XRP in Binance, I've been accumulating it and I'm thinking about dabbling in one or two more. At some point I'll be done buying and I'll move it offline.