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

[bizarro]

People want crypto because they see it's value in fiat going up. When the value in fiat goes down, they want out of crypto see: Ripple. People want more fiat currency by any means necessary, because they can spend it on goods and services.

FWIW, Ripple is the best idea out of all the cryptocurrencies I've read about. But then you have the issue of the company "probably" giving away 1 billion of them every month to banks who will agree to use it for the next what? 55 months? With 55 billion free ripple out there for the banks to use, why will they ever buy yours?

What you describe is a 'Noob'. And, yes, people in every market who rush into s#$% do the same thing.

Let me tell you this, oh wise investor Midranger, I made more money in one week with smart market-based analysis of the Crypto fractal pattern and 50 day average (not remotely parallel to the dinosaur that is S&P) than I did in the entire life my $10k USD investment in Apple at $30/share. I still hold 30% of my Apple stock. And, frankly, it's just a feather in the portfolio. Like I said, I've been investing since a gradeschooler. I have absolutely no idea what you think you're trying to prove.

And, jeebus, Ripple isn't remotely close to the best idea in the Cryptospace. You think it's the best idea because you think in one linear progession of thought it appears.

[midranger]

People want crypto because they see it's value in fiat going up. When the value in fiat goes down, they want out of crypto see: Ripple. People want more fiat currency by any means necessary, because they can spend it on goods and services.

FWIW, Ripple is the best idea out of all the cryptocurrencies I've read about. But then you have the issue of the company "probably" giving away 1 billion of them every month to banks who will agree to use it for the next what? 55 months? With 55 billion free ripple out there for the banks to use, why will they ever buy yours?

What you describe is a 'Noob'. And, yes, people in every market who rush into s#$% do the same thing.

Let me tell you this, oh wise investor Midranger, I made more money in one week with smart market-based analysis of the Crypto fractal pattern and 50 day average (not remotely parallel to the dinosaur that is S&P) than I did in the entire life my $10k USD investment in Apple at $30/share. I still hold 30% of my Apple stock. And, frankly, it's just a feather in the portfolio. Like I said, I've been investing since a gradeschooler. I have absolutely no idea what you think you're trying to prove.

And, jeebus, Ripple isn't remotely close to the best idea in the Cryptospace. You think it's the best idea because you think in one linear progession of thought it appears.

I'm glad you're doing well. That's cool. There's a lot of people who have gotten rich with a pull of a slot, buying a lotto ticket, or picking the right penny slot. I'm not coming to them for investment advice either.

It's funny that you talk about how much "money" you've made. Money? I thought that was the enemy? I though it was going extinct?
Just hyperinflated digital bits? Maybe I'm wrong. Maybe someone heavily leveraged in crypto will sell crypto tooth and nail because he wants other people to put their "money" in, so he can cash out for more "money"? You also would have made a lot of "money" had you shorted bitcoin like I suggested on the first page of this thread. Could have nearly doubled your "money" in 7 days. Am I a cryptocurrency genius? I think I may be.

I don't know. I'm here introducing the idea that perhaps cryptocurrency won't be anything but a blip on the historical radar to be laughed at in the future like tulip bulbs. The zealots here have created another echo chamber here, where that point of view isn't even considered. That is fine, but I disagree, and will freely voice that opinion as you freely voice yours.

I'm here to suggest that over the long term, perhaps a well diversified portfolio of traditional investments that have a proven track record for creating wealth for literally anyone who has ever stuck with them over the long haul is a better investment for most people. It won't get you rich quick, but it will get you rich.

[skones]

I don't know. I'm here introducing the idea that perhaps cryptocurrency won't be anything but a blip on the historical radar to be laughed at in the future like tulip bulbs. The zealots here have created another echo chamber here, where that point of view isn't even considered. That is fine, but I disagree, and will freely voice that opinion as you freely voice yours.

Which is fine to suggest. It very well may be. With that being said, you don't seem to have even considered the alternative, marginalizing all of this into a flash in the pan fad and anyone who makes money, "lucky."

There are ways to make money here, and not all of it involves this massive stroke of luck that you seem to be pretty adamant about.

[bizarro]

Crypto gents,

I've done my market research for the past week and I want to share with you my thoughts:

(1) BTC appears headed back for an upswing. It has held its 50 day averages and the market has today revealed it is most likely headed back North.
(2) If you aren't holding an Alt Coin for long-term now is your time to consider converting or putting aside.
(3) The whales have won and they've garnered their profits and the wave is going to come crashing
(4) The absurd run-up we experienced this past week (and, it was abusrd - and, glorious) is headed toward correction from my vantage point.
(5) I've sold all my Ripple and converted to BTC because I am fearing a massive correction. I should add: I don't hold for nostalgic purposes. I read the market. I still see XRP as a potential player in the next few years. I'm not that emotionally invested in the coin. I don't like the Korean influence here. And this is the 2nd correction in a couple weeks. I don't trust it like I trust a legacy like BTC. I am going to off-set the losses for the time being. Take this or leave it.
(6) Cardano investors: my new research today has me seeing a dip correcting into the mid $0.50's USD. If that is the case, and I think it is, this new correction would be a perfect time to re-up. I continue to be convinced this is a massively upside laden long-term project. This is a 3 year game. I am buying back in at that expected time.
(7) I personally don't see Ethereum continuing its climb. I see it correcting. It's what markets do. These run-ups. These run-ups. They're a fools game. I am personally seeing another correction as it simply has absolutely no support at its current levels. I'm seeing maybe 7,000,000 satoshis as its next plateau (circa $1,015 - 1,020 USD).

That's what I got. Take it for what it is: my own personal opinions and research.

Best of luck!

[midranger]

I don't know. I'm here introducing the idea that perhaps cryptocurrency won't be anything but a blip on the historical radar to be laughed at in the future like tulip bulbs. The zealots here have created another echo chamber here, where that point of view isn't even considered. That is fine, but I disagree, and will freely voice that opinion as you freely voice yours.

Which is fine to suggest. It very well may be. With that being said, you don't seem to have even considered the alternative, marginalizing all of this into a flash in the pan fad and anyone who makes money, "lucky."

There are ways to make money here, and not all of it involves this massive stroke of luck that you seem to be pretty adamant about.

This is mostly true. And I apologize. I think those that had the foresight to invest early in something people eventually wanted to pay a lot of money for should get their due. I wish I had had that foresight years ago, and had plunked a ton of money in and retired December 17th, 2017.

Much more dubious on this being a world changing moment in history that will continue to drive the prices up from the date this thread was created going forward. I mean, what odds would even the most ardent crypto supporters place on this media replacing centralized fiat currency before their retirement? 5%, 10%, 90%? Honestly curious.

Part of me just feels bad for creating a thread where the most talked about topic would have seen anyone investing in it since the thread was created lose somewhere between 25-40% of their investment.

[bizarro]

I don't know. I'm here introducing the idea that perhaps cryptocurrency won't be anything but a blip on the historical radar to be laughed at in the future like tulip bulbs. The zealots here have created another echo chamber here, where that point of view isn't even considered. That is fine, but I disagree, and will freely voice that opinion as you freely voice yours.

Which is fine to suggest. It very well may be. With that being said, you don't seem to have even considered the alternative, marginalizing all of this into a flash in the pan fad and anyone who makes money, "lucky."

There are ways to make money here, and not all of it involves this massive stroke of luck that you seem to be pretty adamant about.

This is mostly true. And I apologize. I think those that had the foresight to invest early in something people eventually wanted to pay a lot of money for should get their due. I wish I had had that foresight years ago, and had plunked a ton of money in and retired December 17th, 2017.

Much more dubious on this being a world changing moment in history that will continue to drive the prices up from the date this thread was created going forward. I mean, what odds would even the most ardent crypto supporters place on this media replacing centralized fiat currency before their retirement? 5%, 10%, 90%? Honestly curious.

Part of me just feels bad for creating a thread where the most talked about topic would have seen anyone investing in it since the thread was created lose somewhere between 25-40% of their investment.

There's no malice here, Mids. Seriously. And, Crypto isn't going to replace fiat currency - though it should given the inherently built-in enormous hyper-inflationary flaws of fiat. It will be a middle-ground or somehwere in the realm of 'who knows'.

BUT, put your money where your mouth is: I guarantee there will be the ability to institute 'Put Options' on crypto this year. Most likely by Q3. Do it. Do it if you feel so adamant that crypto is a flash-in-the-pan. But, before you do, I do encourage you to actually learn about blockchain, Proof of Work vs. Proof of Stake vs. a flexible Ledger (i.e. Hashgraph, Iota or other open-source options - fwiw, hashgraph is the Ripple of the 3rd gen blockchain world), and the numerous avenues of modern life these technologies are infiltrating. Warren Buffet, bless his heart - he's a fantastic investor and a good Midwesterner, doesn't understand a single thing about Blockchain even though he is asked about it by young people time-and-again. That's your poet laureate for the moment. Follow his lead. I won't begrudge you.

[M-C-G]

My goodness XRP is getting throttled in the after hours market, down to 1.70

[MickeyDavis]

XRP back over 2 now. I'm in at an average now of around 1.90 I think. At 5 (and who knows it may never get to 5) I'll cash out enough to recoup and let the rest ride.

[MickeyDavis]

Holy crap XRP is surging. From $1.70 to $2.18 in the last half hour

[M-C-G]

Holy crap XRP is surging. From $1.70 to $2.18 in the last half hour

Jeepers, that market is so damn volatile. I wonder if that Korea news you guys were talking about yesterday tanked the value overnight and now people are jumping back into it in the US?

[MickeyDavis]

http://fortune.com/2018/01/11/ripple-moneygram-xrp-cryptocurrency-bank-transfers/

[skones]

Holy crap XRP is surging. From $1.70 to $2.18 in the last half hour

Jeepers, that market is so damn volatile. I wonder if that Korea news you guys were talking about yesterday tanked the value overnight and now people are jumping back into it in the US?

This was spurned by the Garlinghouse announcement.

I averaged down last night at 1.53 and picked up a lot of shares with what I had been playing around with. Really glad I did.

[MickeyDavis]

Binance is accepting new registrations for now anyway.

[HaroldinGMinor]

I just wanted to say that I'm learning a lot from this thread. No joke. And I thought I knew a bit about investing.

My issue with the bitcoin market (beyond the fact that I don't understand it fully) is that it is so volatile that I feel like I'd lose half my money during a 1 hour meeting and not be able to do a darn thing about it. Conversely, these dips seem to last on the order of minutes rather than days so I'd probably miss buying opportunities as well. I'd be fine putting in a few hundred bucks for now and letting it ride on something.

[M-C-G]

I just wanted to say that I'm learning a lot from this thread. No joke. And I thought I knew a bit about investing.

My issue with the bitcoin market (beyond the fact that I don't understand it fully) is that it is so volatile that I feel like I'd lose half my money during a 1 hour meeting and not be able to do a darn thing about it. Conversely, these dips seem to last on the order of minutes rather than days so I'd probably miss buying opportunities as well. I'd be fine putting in a few hundred bucks for now and letting it ride on something.

I have only been on it for two weeks or so, but it seems the after hours market beats the **** out of the price, then the US hours hit and people are buying. Would be interesting to know a little bit more about that dynamic and know if I am right or just grasping at straws. Either way, I have a little bit of money in it and will keep it there to see what happens. I'll probably use this thread to see when people are cashing out and decide if that is enough of a payday or if I want to just keep my money in there long term (I don't have much in there)

[crkone]

I just wanted to say that I'm learning a lot from this thread. No joke. And I thought I knew a bit about investing.

My issue with the bitcoin market (beyond the fact that I don't understand it fully) is that it is so volatile that I feel like I'd lose half my money during a 1 hour meeting and not be able to do a darn thing about it. Conversely, these dips seem to last on the order of minutes rather than days so I'd probably miss buying opportunities as well. I'd be fine putting in a few hundred bucks for now and letting it ride on something.

I have only been on it for two weeks or so, but it seems the after hours market beats the **** out of the price, then the US hours hit and people are buying. Would be interesting to know a little bit more about that dynamic and know if I am right or just grasping at straws. Either way, I have a little bit of money in it and will keep it there to see what happens. I'll probably use this thread to see when people are cashing out and decide if that is enough of a payday or if I want to just keep my money in there long term (I don't have much in there)

Pretty big news with Korea putting the ban hammer on Crypto, then this morning MoneyGram saying they'll use XRP to provide liquidity to banks.

[Jazzy13]

I just wanted to say that I'm learning a lot from this thread. No joke. And I thought I knew a bit about investing.

My issue with the bitcoin market (beyond the fact that I don't understand it fully) is that it is so volatile that I feel like I'd lose half my money during a 1 hour meeting and not be able to do a darn thing about it. Conversely, these dips seem to last on the order of minutes rather than days so I'd probably miss buying opportunities as well. I'd be fine putting in a few hundred bucks for now and letting it ride on something.

I have only been on it for two weeks or so, but it seems the after hours market beats the **** out of the price, then the US hours hit and people are buying. Would be interesting to know a little bit more about that dynamic and know if I am right or just grasping at straws. Either way, I have a little bit of money in it and will keep it there to see what happens. I'll probably use this thread to see when people are cashing out and decide if that is enough of a payday or if I want to just keep my money in there long term (I don't have much in there)

Pretty big news with Korea putting the ban hammer on Crypto, then this morning MoneyGram saying they'll use XRP to provide liquidity to banks.

Korea is banning anonymous accounts. Not banning crypto. Just wanted to make sure not to spread FUD rumours.

[midranger]

Here is a curve created in 2008 by Dr Jean-Paul Rodrigue of Hostra University to describe market bubbles.

I'll let everyone compare it to the graph of the cryptocurrency of their choice (notably Bitcoin) and reach their own deductions on what will happen next.

[engelmartin]

Here is a curve created in 2008 by Dr Jean-Paul Rodrigue of Hostra University to describe market bubbles.

I'll let everyone compare it to the graph of the cryptocurrency of their choice (notably Bitcoin) and reach their own deductions on what will happen next.

So if we are currently at "Bull trap", it's a good time to buy in as long as we sell when it returns to normal?

[midranger]

Here is a curve created in 2008 by Dr Jean-Paul Rodrigue of Hostra University to describe market bubbles.

I'll let everyone compare it to the graph of the cryptocurrency of their choice (notably Bitcoin) and reach their own deductions on what will happen next.

So if we are currently at "Bull trap", it's a good time to buy in as long as we sell when it returns to normal?

Bitcoin is past the bull trap on that curve. That occurred when it dropped to 12k and rebounded to like 16k. You're on the back end of the curve ...if... you believe it.