Current Events > Stock Market and Crypto General

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Sexypwnstar
03/16/20 11:54:02 AM
#1:


Bitcoin already back up to 5k

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Squall28
03/16/20 11:55:51 AM
#2:


Gonna wait like a month before I touch the stock market again

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cavalierking
03/16/20 12:01:36 PM
#3:


where would you guys invest $5000+ if you just had it lying around?

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apocalyptic_4
03/16/20 12:03:00 PM
#4:


i invested 4k over the last few weeks im already down $700

im tempted to just spend the rest on bitcoin.

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SK8T3R215
03/16/20 12:04:54 PM
#5:


cavalierking posted...
where would you guys invest $5000+ if you just had it lying around?

I'm putting in more to my general portfolio so it's a broad market mix of ETFs.

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#6
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cavalierking
03/16/20 12:07:06 PM
#7:


SK8T3R215 posted...
I'm putting in more to my general portfolio so it's a broad market mix of ETFs.

but you wouldn't be seeing returns for a loooong time, right?

are there any avenues for more short-term stuff?

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SK8T3R215
03/16/20 12:08:40 PM
#8:


cavalierking posted...
but you wouldn't be seeing returns for a loooong time, right?

are there any avenues for more short-term stuff?

Well I'm investing long term and a recovery from these levels over a year or more should be substantial.

You can play with options if you want but that's really gambling.

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Squall28
03/16/20 12:09:15 PM
#9:


SK8T3R215 posted...
I'm putting in more to my general portfolio so it's a broad market mix of ETFs.

Are you doing it now or waiting for some stabilization first? I feel like we're a ways off from the bottom.

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Slaya4
03/16/20 12:10:15 PM
#10:


I'm getting rekt on all levels. I wouldn't touch crypto at all right now tbh. I can see a t 3k BTC

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SK8T3R215
03/16/20 12:10:35 PM
#11:


Squall28 posted...
Are you doing it now or waiting for some stabilization first? I feel like we're a ways off from the bottom.

For this week I'll probably just update my Excel and see what I would buy and see how this week goes. I agree there will be more volatility so I will see how this week of swings goes.

Even last week ended down only about 2% with two circuit breaker drops.

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John_Galt
03/16/20 12:11:34 PM
#12:


Im still buying

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Sexypwnstar
03/16/20 12:20:44 PM
#13:


I kind of want to get into TVIX but I don't know if now is a good time to buy in, shit I should've bought when it was like $70 a couple weeks ago damnit

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known2FAIL
03/16/20 12:23:24 PM
#14:


Im just going to keep buying. Ill take loses for now but it will work out great in the future

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NightMarishPie
03/16/20 12:25:33 PM
#15:


I bought some Delta and Royal Caribbean. I'm waiting for Boeing to drop more but we'll see...

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EndOfDiscOne
03/16/20 12:28:30 PM
#16:


Like most people I could not get BTC under $4k, but I did manage to buy at $4,700. Gonna keep buying as long as I have income to buy with.

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cavalierking
03/16/20 12:37:45 PM
#17:


EndOfDiscOne posted...
Like most people I could not get BTC under $4k, but I did manage to buy at $4,700. Gonna keep buying as long as I have income to buy with.

what kind of return are you expecting?

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EndOfDiscOne
03/16/20 12:41:22 PM
#18:


cavalierking posted...
what kind of return are you expecting?
If this Covid stuff goes away in the next couple of years and the economy starts to rebound, I wouldn't be surprised if Bitcoin shoots up past $100k. Of course I could be completely wrong.

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The Trent
03/16/20 12:41:58 PM
#19:


EndOfDiscOne posted...
completely wrong.


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apocalyptic_4
03/16/20 12:43:23 PM
#20:


im looking at airline and cruise ship companies they will shoot back up after all this is done.


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cavalierking
03/16/20 12:45:12 PM
#21:


EndOfDiscOne posted...
If this Covid stuff goes away in the next couple of years and the economy starts to rebound, I wouldn't be surprised if Bitcoin shoots up past $100k. Of course I could be completely wrong.

a 2000% return???

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AngelsNAirwav3s
03/16/20 12:46:37 PM
#22:


Sexypwnstar posted...
I kind of want to get into TVIX but I don't know if now is a good time to buy in, shit I should've bought when it was like $70 a couple weeks ago damnit

I put all my money into TVIX on Friday, but I am taking it out now, put in a stop at $480 for a guaranteed 40% profit. I wouldn't buy right now, if the feds announce something and the market rallies like it did friday afternoon, TVIX will plummet.

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EndOfDiscOne
03/16/20 12:47:40 PM
#23:


cavalierking posted...
a 2000% return???
Nothing unusual for Bitcoin

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Hexenherz
03/16/20 12:48:10 PM
#24:


I put about $2200 (7 shares worth) into TVIX first thing Friday morning, it feels good. I just don't know if I should set a relatively conservative limit sell on it or not, because I'm afraid it's gonna dip and then shoot up again. Was thinking $450 for today since it hasn't dropped below around 470-475.

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21WIVES_CHILL
03/16/20 12:49:27 PM
#25:


Why are people buying now? You should wait til the market bottoms out first which most likely wont be until this virus starts fading away.
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Hexenherz
03/16/20 12:52:09 PM
#26:


RIP my dumb ass, I set the wrong type of sell order and cashed out my TVIX rofl. Still, net gain of over $1300 so I can't complain too much, for one day that's not the worst.

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SK8T3R215
03/16/20 1:10:57 PM
#27:


21WIVES_CHILL posted...
Why are people buying now? You should wait til the market bottoms out first which most likely wont be until this virus starts fading away.

Let us know when it bottoms then.

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Hexenherz
03/16/20 2:44:09 PM
#28:


Kicking myself for that TVIX sell. So I sold my 7 at about a $1300 profit margin, and decided to put $1000 back into it and it just keeps climbing :( Still up $90 off of those two so far lol.

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darkprince45
03/16/20 2:44:54 PM
#29:


21WIVES_CHILL posted...
Why are people buying now? You should wait til the market bottoms out first which most likely wont be until this virus starts fading away.
There is no bottoming out. You invest when you can

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Doe
03/16/20 2:47:05 PM
#30:


As a person of no assets I love watching the numbers plummet. Get these Republicans out of office

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AngelsNAirwav3s
03/16/20 2:50:14 PM
#31:


Hexenherz posted...
Kicking myself for that TVIX sell. So I sold my 7 at about a $1300 profit margin, and decided to put $1000 back into it and it just keeps climbing :( Still up $90 off of those two so far lol.

It dipped for like 2 minutes to $530 and hit my stop lol now its back up to almost $560, still I made a healthy profit, i'll take it

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Doe
03/16/20 2:52:52 PM
#32:




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Turbam
03/16/20 2:52:56 PM
#33:


What stocks should I get?!?

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Doe
03/16/20 2:54:46 PM
#34:


If I had money I would buy GoPro and Fitbit. Very cheap stocks that are surely being undervalued in the short term due to their association with the outdoors.

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Hexenherz
03/16/20 2:56:51 PM
#35:


Turbam posted...
What stocks should I get?!?

Market-tracking ETFs are a safe bet. Regulated utility companies like Dominion Energy and Duke aren't bad, either.

Airlines and cruise companies like Royal Caribbean are also potentially good choices since they should eventually rebound nicely when the pandemic ends and people start traveling again. Assuming they don't just go under entirely.

Don't expect an immediate return on anything though.

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BudDupree48
03/16/20 3:39:10 PM
#36:


DOW is at -2700 and counting. What it precisely opened at this morning and then it mellowed a bit

No more mellowing

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Tyranthraxus
03/16/20 3:43:22 PM
#37:


Doe posted...
As a person of no assets I love watching the numbers plummet. Get these Republicans out of office
I mean I also want Republicans out of office but numbers going down means it's a great time to buy.

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AngelsNAirwav3s
03/16/20 3:51:55 PM
#38:


God damn TVIX is going off right now... why did I sell at $530

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E32005
03/16/20 3:53:24 PM
#39:


whats the deal with tvix? i havent followed crypto for a minute.
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EndOfDiscOne
03/16/20 3:53:53 PM
#40:


I also think that getting Republicans out of office is a good enough reason to crash the economy and put a bunch of people out of work

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Doe
03/16/20 3:54:30 PM
#41:


Lol nobody here is taking responsibility for the crash. Just looking at the silver lining

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AngelsNAirwav3s
03/16/20 3:56:03 PM
#42:


E32005 posted...
whats the deal with tvix? i havent followed crypto for a minute.

Its a stock index you can buy, not crypto, but basically it goes up at a high rate when the market goes down

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21WIVES_CHILL
03/16/20 3:56:13 PM
#43:


"Who knows when this virus will go away. Maybe itll be July, or August, or could be longer"

So confirmed recession incoming?
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Hexenherz
03/16/20 4:15:18 PM
#44:


AngelsNAirwav3s posted...
God damn TVIX is going off right now... why did I sell at $530
Trust me I am kicking myself hard for that accidental sell off at around $500. Still made money and put that $1000 I got from it back into it... so hopefully I can squeeze a little bit more out of it (worst case scenario - I break even on the 2 that I did buy and I'm still up $1300)


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EndOfDiscOne
03/16/20 4:19:23 PM
#45:


Try to time the market, and you're going to be kicking yourself more often than not. Either because you made a trade or you chose not to. You're never going to time it perfectly and there will always be regrets.

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apocalyptic_4
03/16/20 4:24:57 PM
#46:


Hexenherz posted...
Trust me I am kicking myself hard for that accidental sell off at around $500. Still made money and put that $1000 I got from it back into it... so hopefully I can squeeze a little bit more out of it (worst case scenario - I break even on the 2 that I did buy and I'm still up $1300)

any point in putting a order for it now?


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#47
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Hexenherz
03/16/20 4:28:14 PM
#48:


I really don't know, first time dealing with it. I'm just playing it really conservatively because I don't know how high this can go. So, me personally no but I'm also playing with smaller dollar amounts (relatively speaking to people who actually seriously trade).

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Tyranthraxus
03/16/20 4:37:57 PM
#49:


Ex-Kefiroth posted...
Hahahahahahahahahaaha






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AngelsNAirwav3s
03/16/20 4:44:11 PM
#50:


apocalyptic_4 posted...
any point in putting a order for it now?

I am expecting a big market uptick tomorrow, so TVIX should go down pretty hard, I might buy again if it does.

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