Board 8 > Stock Topic 20

(+) Yeah! (+)

Crypto is acceptable convo here.

ExThaNemesis posted...

And yeah the commissions on crypto make day trading for it kind of impossible.

I've never directly bought crypto, but there are trusts you can buy on the market without even having to invest directly on them. GBTC is a bitcoin trust, ETCG and ETHE are two ethereum trusts (I honestly don't know the difference between the two). No commission fees at all that way!

Also since you're new to these topics, I've posted before about some pretty smart people who think Bitcoin might eventually reach something completely absurd, like 1 million. So yeah, seems like something I'm going to want to throw a significant amount of money at and just hold for a very very long time.

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Ngamer is a fucking ballsy genius btw

I remember chatting with him a few years ago (maybe in 2018) and asked him if he had sold any of his crypto during the big crypto craze of late 2017. He confidently said nope before telling me that he was on "the ten year plan".

Let that sink in whenever we use DIAMOND HANDS to categorize a hold of one month lol

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Holding crypto is much different from holding stocks, I reckon.

I remember people on b8 talking about mining bitcoin in like 2008. A decent computer and a solid university ethernet connection and you could have easily mined hundreds of coins.

Wonder if anyone here actually followed through with it?

And Bitcoin just re-crossed 40k.

50k will be reached in 2 weeks. Book it.

I embrace your enthusiasm but based on my elementary trend analysis, it is due for a big and long dip.

GameStonk posted...

I remember people on b8 talking about mining bitcoin in like 2008. A decent computer and a solid university ethernet connection and you could have easily mined hundreds of coins.

Wonder if anyone here actually followed through with it?

I actually set up my computer to mine back in.... 2008 or so? And even then it wasnt really cost effective.

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In like 2009 I installed my miner, ran it, got some coins for the initial testing period, never ran it again and didnt bother saving the (then worthless) coins.

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https://cointelegraph.com/news/coinbase-ipo-a-watershed-moment-for-crypto-regulation-caitlin-long/amp

It appears coinbase will be doing a direct listing... Can someone explain what, if any, impact that would have on a casual investor?

Idk about a million but I can easily see it being 500k at some point.

And I remember Ngamer making a ton on bitcoin back in like 2010-2011..
Glad he still has his shares

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Dogecoin up to 6 cents again.

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Rumors that Elon Musk is trying to get a Dogecoin super bowl commercial out.

Also Ethereum about to dip under $1600 yessssss. Delicious dip.

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Ugh. I want to get in on it but its such a joke. Itd be just to quickly trade for a profit and Id get hit with those ludicrous fees.

Oh forgot Coinbase doesnt mess with that. PhewX problem solved.

I feel so confident in Ethereum that you should put like half ur portfolio into it Moonroof but we all know you'd sell after 10 hours lmao

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I just made free $29 taking all the Coinbase quizzes. And ETH would take a long ass time to go up even 20%. I can make 20% quicker via stocks.

ExThaNemesis posted...

Rumors that Elon Musk is trying to get a Dogecoin super bowl commercial out.

Also Ethereum about to dip under $1600 yessssss. Delicious dip.

Surely all the commercial spots have been purchased well in advance though right?

That said I am very happy with the steady rise of DOGE
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Kinglicious posted...

Dogecoin up to 6 cents again.

And of course right back down to 5.5 cents again because so many people have sell limit orders at every cent level for now. Same thing happened when it hit 5 for the first time since the boom.

But those all just got executed so now I expect the steady rise to continue until it hits 7 cents, then another big dip, rinse repeat

Buy the dip!
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alright fuck it I threw some money in Doge just because I can't discount the possibility of it blowing up for some reason during the Super Bowl

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ExThaNemesis posted...

I feel so confident in Ethereum that you should put like half ur portfolio into it Moonroof but we all know you'd sell after 10 hours lmao

I agree with this. But don't sell.

Sunroof posted...

I just made free $29 taking all the Coinbase quizzes. And ETH would take a long ass time to go up even 20%. I can make 20% quicker via stocks.

Dude aren't you investing like high five figures? Why do you care about $29

ExThaNemesis posted...

And yeah the commissions on crypto make day trading for it kind of impossible.

On coinbase sure, on binance the commissions are basically non existent.

My stack is still super tiny mind you. I have the $36 that I got for free from coinbase. I got it up to $38 and converted it all to XRM and sent it to my binance wallet and the converted it to USD. I only had about 35 at that point because coinbase fees. But the binance is 0.1% fee vs 2.0% of coinbase.

Now coinbase let me buy in any quantity and bimance has a $10 minimum, but if I buy $10 of something binance only takes a penny for the 0.1%. So if I wait for a coin to drop 5% in an hour (which seems to happen with fair regularity) then I get in and set a limit sell for 1 or 2% gain. So if I get 2% that's 20 cents minus the 0.1% twice for an 18 cent gain. Which doesn't seem like much but again that's just from the size of my stack. So over 4~ days ive turned $35 into $42 (+20%) mostly from repeated gains of 25 cents or less. There was a period yesterday where DOGE kept floating between .0445 and .0451 so I got into and out of it like 8 different times for 1% each time and ended up making more than if I'd just parked $10 in it all day and waited for a larger gain.

But again I still doing know enough about the market or what's actually causing these moves, I'm just expecting that after a sizeable drop I can probably make a tiny gain on a correction so i know I still have a lot of research and understanding to do. But I want to get to the point where I'm putting in less than 10% of my stack when I get in on a coin before I start increasing how much in putting in.

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Free money is always good. I should probably get on watching those Coinbase videos for the free money. I'm probably too lazy though.


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GameStonk posted...

Dude aren't you investing like high five figures? Why do you care about $29

Feel free to take the quizzes and send it my way then lol. I'm on micro levels compared to everyone else for now.

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29 dollars is a free ffrk pull i will always take that tbh

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Or you can send it to FD's binance wallet

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$ToneDeezy

Thank you

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ExThaNemesis posted...

alright fuck it I threw some money in Doge just because I can't discount the possibility of it blowing up for some reason during the Super Bowl

Commercial will be live footage of Musk literally sending a Shiba Inu to the moon
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https://twitter.com/snoopdogg/status/1358141965930426368?s=21
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Doge has been rather consistent over the past few weeks. It's had some hard dips, but its floor is staying the same or steadily rising.

Shit hits .10 and it's an easy 400 dollars for me.


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Why didn't I buy Doge when it was in the .030s dammit

Binance seems to have the best fees related to crypto trading. Yay or nay on using it?

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If its available in your state, Id do it over Coinbase.

Feels weird moving money into a meme currency but fuck it

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Sunroof posted...

If its available in your state, Id do it over Coinbase.

There's binance.us that I think allows for U.S. trading in any state. Coinbase is probably the best but has the worst fees.

Um I installed the crypto.com app because it says there are 0% debit/credit fees for the first month, but that takes 2 to 3 business days for verification, boo.

Any platforms that would let me buy instantly today?

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I tried Binance.us but it isnt in my state. Its most states though.

Coinbase lets you buy instantly.

Sunroof posted...

I tried Binance.us but it isnt in my state. Its most states though.

Oof the reviews are all terrible, saying that it's basically still under construction and doesn't even work. Might not bother

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I installed coinbase and you can't even buy dogecoin on it lol

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StartTheMachine posted...

I installed coinbase and you can't even buy dogecoin on it lol

Yeah but just imagine how much DOGE will rise once they relent and add it
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I know! Well no worries. Most all of my money is in my Ameritrade account and even that which isn't invested in there I can't transfer out, since it's the weekend.

In the meantime, what platforms are you all using to buy the almighty DOGE? If anyone has any suggestions while I wait, I'm all ears. I was going to install anycoin.

And even coinbase only let's me buy $25k worth of bitcoin? If I get my trading account to $150k soon, I was probably going to throw like $50k at bitcoin as a very long term investment.

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We might as well rename this topic to ponzi scheme topic

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I wanted to propose renaming this to the "B8 Wealth and Investments" topic or something, but Stocks and Crypto is probably more fitting.

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Gamblin Topic

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I am buying a lot of sealed Pokemon product this week.

Hype

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ChaosTonyV4 posted...

Gamblin Topic

This would be better. We've had two pages of people wanting to get in on Doge because its up 500%

Like you guys realize that you probably missed the boat right? Just because it went up 500% doesn't mean its going up another 500%

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I am very territorial over this topic series.

DoomTheGyarados posted...

I am buying a lot of sealed Pokemon product this week.

Hype

Hell, This is a better investment than Doge

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I was thinking Moonroof and Friends Topic

Too late to invest in my business, you will all wish you had done so when these cards are worth 2-5 times what they are now in 10 years...!

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