Lurker > Zachnorn

That's basically why I didn't feel it (Bitcoin specifically, but crypto in general) was something valuable in 2011 that was worth mining and why I stopped, sold, and didn't buy any crypto until recently. I didn't see it going anywhere. I didn't expect it to be something to be as speculative as it is now. I think that's the value and I don't really see it changing anytime soon.

We're getting close to it, especially with El Salvador making Bitcoin an official currency alongside the US dollar. I've seen Bitcoin and Dogecoin being accepted at some businesses, but that's usually for marketing purposes; the exchange rate changes often, and I imagine they just sell the coin after they get it.

But ultimately, the price is too unstable for people to really trust it if they want the stability of money they own. I think most people getting into crypto are doing it not to exchange it for goods and services someday, but as an alternative investment. It's like digital gold. Nothing wrong with that, but it's more of a speculative asset unless you're actually holding it AND using it for goods and services. It hasn't been proven as a real currency people want to use instead of a traditional currency and it won't be until it's not seen as any more of an investment than a US dollar, Euro, Yen, etc.

In all honesty, the time I saw any crypto most as a currency, El Salvador aside, was when I read a story sometime after the Bitcoin crash but before the boom where some people decided to completely stop using anything but Bitcoin. But right now? Like Elon Musk joked about on SNL about Dogecoin, crypto seems more like a hustle to me than a currency.

---

<D

And also regretting selling my GVSI and basically making no money after commissions ate it all

---

<D

SOFI finally doing well for me

---

<D

Bought $1,000 of the dip.

Considered dropping more, but eh. I shouldn't toss too much of my savings into something that has more room to drop. I'll probably buy more if tomorrow's a red day though and the futures say it might be.

---

<D

ow my portfolio

Correction time?

---

<D

Some people just like buying and selling a lot I guess.

Me? The market isn't even open yet and I'm down 2%.

Looking like a bad day.

And I'm holding. May buy some more, but I'm not sure how close we are to the bottom.

---

<D

I played with their demo software/account and I didn't like it. Thinkorswim on TD Ameritrade is by far my favorite software to use, personally. I just wish TDA supported my online bank and their margin fees weren't so high (and I need margin sometimes to transfer money to a bank TDA supports then transferring to TDA).

---

<D

Apparently markets just like to drop in September.

Good buying opportunity though, I suppose.

---

<D

I earned $2 on my $10 purchase of ETH, woah I shouldn't spend this all in one place

Maybe I should take crypto more seriously.

---

<D

GME spiking up again

---

<D

Paper handed out of GME. I bought in 2 @ $191.00 and almost gave up and would have sold for a loss. Sold at $208.43. Probably going to buy a share of VOO or something, I shouldn't really play with memes anymore.

---

<D

---

<D

Only question is, do I buy the dip or will it keep dipping?

I have been reading that we could face a correction because of the Delta variant, bad retail numbers, and Afghanistan.

---

<D

All of my gains on my Roth IRA have now been erased. Technically the shares are at a loss because I earned dividends from them too.

Scary stuff. Might drop in some more cash though.

---

<D

Ow my portfolio

Bad losses today. I guess it's because of what's happening in Afghanistan and because of some retail companies like Home Depot not doing so great.

---

<D

ow my SOFI

bought $1,000 more of it

---

<D

ACI is making me very happy today. People made fun of me for buying a grocery store but it's doing really well. Especially today.

---

<D

I have made my first grand on stocks. Not bad. I mean, I feel like I could have made more since I've lost a good amount of money on gambling, but still, this is a thousand bucks I didn't have before. Feels good.

---

<D

---

<D

I guess HOOD is selling off now that people got their laughs from it going to $69. Nice profits for those that got in on it.

---

<D

I mostly saw people setting limit orders for absurdly low amount. I set a limit order for 100 shares at $5 which I of course don't expect to fill anytime soon.

---

<D

Also in typical meme stock fashion, it went up to about $70. I noticed that meme stocks/crypto tend to top out near $69 (for AMC or $0.69 for Dogecoin) or $420 (GME looks like it topped around $482 aside from premarket) because haha funny numbers

HOOD is either going the way of AMC or going to pull a GME. I really want to think it's going to do an AMC but I have no idea anymore.

---

<D

MarkS222222222222222 posted...

Thanks to whoever recommended looking into SOFI

Might have been me. Though I wish I waited before buying (or increased my position to average down) because I own [email protected] and I'm still down $110 from it.

---

<D

I kinda wish I bought HOOD but at the same time, I don't really like investing in companies I dislike and I didn't expect a meme stock surge like this.

Wondering if I should throw money in other meme stocks now.

---

<D

For free Taco Bell, yes.

Promotions aside, I have not needed my vaccine card except to get my second dose. My employer did my vaccine and so they already have my records. I take it with me when I travel and have two digital versions (picture of it and one California provided) though.

---

<D

Robinhood is certainly easy and it's what got me into investing. I loved it before the meme stock fiasco. I have it to thank for me getting into investing.

I just don't see the future growth making sense. Seems really hard to justify considering all the trouble they've faced in 2020 and 2021.

---

<D

Why is Robinhood valued so highly? Like, it's valued more highly than TD Ameritrade ($21B) at about $39B. This isn't making sense, TDA is much more established.

Not that valuations matter much anymore, I think GME and AMC kinda proved that. Still, what the hell?

---

<D

People close to me make fun of me for investing in ACI (Albertsons, a grocery store chain) but it is my best performer, wow. I wish I put more than just a grand into it.

---

<D

limp-bizkit-89 posted...

I laughed out loud when I read this.

not because its funny, it is sort of like when the comedian laughs (watchmen).

I laugh out of anger and disappointment. We are fucked. We are fucked because there is a variant that can kill us all and the fucking world government wont curtail international travel anyway because, MUH FUCKING ECONOMY.

delta and lambda should have never gone international, but fucking people care more about airline business, this is beyond fuck up

limp-bizkit-89 posted...

I laughed out loud when I read this.

not because its funny, it is sort of like when the comedian laughs (watchmen).

I laugh out of anger and disappointment. We are fucked. We are fucked because there is a variant that can kill us all and the fucking world government wont curtail international travel anyway because, MUH FUCKING ECONOMY.

delta and lambda should have never gone international, but fucking people care more about airline business, this is beyond fuck up

But American Airlines stock has more than doubled since April of last year! The economy!

---

<D

ACI is making me a lot of money today. Wish I bought more but that already makes a good chunk of my portfolio.

---

<D

ow my portfolio

---

<D

Fiop posted...

One of my physics professors in college told the story of how he represented himself in a court and tried to use math+physics to prove that he couldn't possibly have been speeding. He apparently hadn't been speeding and there was another car they confused with his.

Apparently the judge told him something like, "the laws of mathematics don't apply to this courtroom" and he had to pay the fine anyway.

Hope it goes well anyway, though.

This is basically why I didn't fight a ticket I got for "driving on the shoulder" on a turn lane. I was told that, basically, traffic judges don't care and aren't interested and hate their jobs so people almost never win. And in California, they're spiteful and will tack on other stuff if you challenge the ticket. They're not impartial and just believe whatever the cop says.

I just paid the fine and went to traffic school.

---

<D

At this point, I'd look into hiring a traffic ticket attorney.

---

<D

Animal Crossing: New Leaf
Pokmon Go
Super Mario Odyssey

---

<D

I considered dropping $10,000 into my ETFs yesterday and I kinda regret not doing so. Oh well. The $1,600 I bought has done pretty well.

On another note, I'm starting to prefer one brokerage that lets me just drop cash in and it invests it automatically into ETFs I chose at the percentages I set. It's fun to manually do trades, but I'm finding myself being more hesitant about buying and selling manually.

---

<D

Today is a good day. I'm back in the green.

---

<D

red13n posted...

If we shut anything down before 56000 people get to boo the Astros I will be fucking irate.

They can do whatever they want after August 4th..

I will always call them the Houston Asterisks.

---

<D

Less concerned now that I'm both vaccinated and work from home. But as far as society goes, I'm pretty worried.

---

<D

Bought the dip on my pure ETF account. Good financial decision in these crazy times? I guess we will see. I'm hopeful that they will continue to prop up the stock market and prevent a crash from lasting too long.

---

<D

My $250 loss today is only $118 and I've now broken even.

Wish I didn't cancel my M1 order this morning (as now I'd have to wait until 3 PM Eastern to submit another) but I thought the pain would continue for longer. I think a lot of people are buying the dip.

---

<D

I've learned my lesson. I'm holding. But I do plan to gradually sell off my individual stocks over the next few months once the recovery happens and move those funds into ETFs.

---

<D

My gains since January have been erased and I'm down from my original investment. The market hasn't even opened yet.

My individual stocks took the losses aside from AMC and ACI, but I haven't lost money on any ETFs I own. I think it's a sign that I'm not good at stock picking.

---

<D

Forceful_Dragon posted...

If you own 100+ shares, that is.

Gotta have money to be allowed to make money with the same tools as everyone else.

The annoying thing about it is that I can afford to buy 100 shares of some of these stocks I own, I just don't want to have more than $1,500 in any one stock (even though I'm sitting on 48k in cash that I could invest).

---

<D

Do I actually have to own the shares though? I ask because I don't own 100 shares in anything. The most I own is 65 shares of SOFI. At least, from what I understand, options are sold in lots of 100.

---

<D

I feel like there is money to be made with options but I've never played with them so I have no idea. Maybe it's a good time to play with paper trading.

---

<D

Spending more time participating in capitalism, less time enjoying media.

EDIT: Aside from that, a friend and I have a half-joke when we watch old movies by saying the characters "can't do/say that anymore" when it's something that would not be acceptable in 2021.

---

<D

My poor portfolio.

Only GME and ACI up today for me.

---

<D

ow my portfolio

I'm holding and only buying the dip on ETFs currently. I don't have faith in picking stocks right now. Maybe because I currently feel too much of my money is at risk.

---

<D

That's why I'm HODLing GME. I lost $40 on my bet (2@191) but I have the feeling it will spike up again.

---

<D

Yeah, early on I panic sold a few times and got hurt by it. Now I'm tossing in money from time to time and sometimes I lose money, but I'm more calm about it. There's a difference between tossing in 2-3% of my cash life savings at once compared to putting in 95% of it. Especially in such an uncertain market where more people than ever are talking about a crash.

Kinda thinking of adding to SOFI but not sure considering my losses on it so far.

---

<D