OT: Stock and Investment Thread
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In Crypto land IOTA has been pumping hard the last few days. They had a ton of negativity in the past and seemed to have moved on. They are feeless with their transactions meaning no gas fees like Ethereum has. They have a bunch of big partners interested/working with them. Worth a little research if you have some time.
Ha. Wrong again. At least you're consistent. Wrong every time. I'm not responding to your nonsense anymore.
It is up about 2000% already.
I cost averaged down, but the best price I got in at was 17 cents.
Kramer uses his show to pump up his holdings. He was negative forever on Tesla. Then, he must have gotten the insider nod, because all of a sudden he started buying Tesla stock and preaching about the virtues of Musk. Same with BTC. The second he starts buying his tune changes.
Pot stocks getting crushed.Another good day for cryptos. HIVE, Argo, and Galaxy continue to pop. Galaxy up 70% for me already.
Yeah, just saw this:
No weed for me! Literally and with investments. LOL.
I picked the wrong time to move and be away from the markets. I was lucky enough to get in on SNDL at undr $1.20.
Holy hell crypto... I legit missed Papa Elon's move. I looked ay my crypto portfolio and gained over A LOT over night. Also, a while back I told some of you guys to look into two alt coins ELA & DCR. DCR went from in the $50's to over $100 in the last few weeks, and ELA has popped from the $2.25 range to near $5.
If (more like when) Elastos gets broadscale adoption, this ALT will easily 100x+. Unlike most alts that have a plan to perform some sort of "tech solution" over blockchains, this one is actually in use now. They're also actively involved in the World Economic Forum. It's currently only avail on Kucoin in the US. Binance is should be the next exchange to pick it up.
Holy hell crypto... I legit missed Papa Elon's move. I looked ay my crypto portfolio and gained over A LOT over night. Also, a while back I told some of you guys to look into two alt coins ELA & DCR. DCR went from in the $50's to over $100 in the last few weeks, and ELA has popped from the $2.25 range to near $5.
If (more like when) Elastos gets broadscale adoption, this ALT will easily 100x+. Unlike most alts that have a plan to perform some sort of "tech solution" over blockchains, this one is actually in use now. They're also actively involved in the World Economic Forum. It's currently only avail on Kucoin in the US. Binance is should be the next exchange to pick it up.
It's all a ruse now. Watch as Wall St hypes up every reddit play and buys in, only to quickly have them fail. They're in active destroy mode now, which truthfully is the best thing for WSB.
You mentioned Elastos before, why are you so high on it? And how about Cardano? Thanks!
Wall Street? Up 40% this week until today. See any news that justified a 40% jump? That screams WSB and Robin Hood to me.
This is my personal opinion. For Reddit trades, i feel that people tend to take more risk at lower priced stocks (not factoring in market cap). I feel that's a factor for the YOLO and FOMO crowd. It's not trading on fundamentals. I rather be late or miss the boat than stepping in front of the Reddit or RH train.
The Reddit/RH crew is way too unpredictable to get involved with in a significant way. I put a few bucks down on HCMC for gambling and fun, but that's it. I'll stick with less volatile options, like cryptos! LOL.
Cardano is a solid coin. I dont own any but know enough people who do. I havent really done any DD on it to have more of an opinion on it.
Elastos... I'm going to try to be brief, but that prob wont happen. For starters, watch this video. It's 2 years old and was released when Elastos was a concept.
When that was released the Elastos coin hit ~$90, solely on the hype of the video. They also fumbled the roll out, issuing too many coins. The price crashed to $1.50 and held there through this December. Since that point, they have launched their OS and some of the apps associated with it. I've watched it triple in price since then.
Most alt coins are created to solve some sort of problem in the crypto, financial or tech space. They have a grand idea of doing these things and use their initial coin offering to finance these projects. Some projects have real use case, some are just dreams, and some are outright scams. The founder of this coin is one of the creators of the internet who worked for Microsoft for a long time.
Elastos takes data storage and decentralizes via the blockchain, which is beautiful. It's in essence web 3.0.
The current web 2.0 is nothing more than a data collection tool. The internet isnt the internet. It is meant to due one thing only; collect data on you and sell it. Data as a currency sounds foreign to many, but it is the reality of the world we live in. Why do you think Google offers things for free, or Amazon is always willing to offer their in home devices for pennies on the dollar on Prime Days? It's all to collect more data on you. Oh, connect your facebook account to eaily log into site x. There's more data. Download this app to start your car. More data. Use Ring or Nest cameras or the nest thermastat? Google / Amazon now knows when youre home and can leverage that data. I seriously could go on and on and on...
This is why decentralized data is so friggen important. I've been "online" since BBS days and have watched every iteration of the internet develop. I hacked AOL when it was simple to do so. First streamed live porn on a ISDN line. I watched as Baseball America was the first site I witnessed charge a premium for content. That too was any easy hack.
Anyway, the internet we live in now was not meant to do what we're asking of it. Change is forthcoming. BTC and crypto were the foundation of that change. The events of the last year have only expedited change IMO. Covid, Antifa, MAGA, censorship on socials has turned our society on it's head. At this time last year, if I gave you this four truths and a lie for the next 12 mos you probably would choose the last option.
1 - Rioters would invade and take over the US Capital building.
2 - You will be essentially be locked home for 2 weeks and unable to go to a restaurant, get a haircut or go to the gym
3 - Rioters would take over a section of Seattle and declare it an autonomous zone
4 - The US Govt will print over $4 trillion in stimulus money (pretty sure that # is low)
5 - Tesla will be proven to be a scam company and lose almost all its value
All 5 are outlandish to think about in Jan or Feb of last year. 5 seems like the most believable.
Covid has fast forwarded our dependence on technology. The MAGA & Antifa rejects have accelerated destabilization of our society. The US money printer keeps going BRRRR. Who do we turn to now for stabilization of everything? Pres Biden? He will present a very calm public facing face of unity, ala Dick Codey after McGreevey, but the wheels of change are in motion.
I would not be surprised to see the US announce a digital currency within the next 12 mos.
But I digress, back to Elastos. As a society, we've lost 99.9% of our privacy due to big tech. Elastos has the potential to be a reset button. Hopefully that answers your question why Im so high on it.
That’s why you have to do your own research. Good time to buy some protection for your portfolio
Yeah, but I've got several years of analyzing balance sheets to know the stock promoters from the viable business plans. Most of them went bust and were just costly lessons. F'ing Medmen & MPX come to mind here. Today they would have been perfect as SPAC bustouts lol.
Now I'm looking at cheap post-midterm plays, so I can start selling that crap into irrationality too in a few years.
Awesome info, thanks for the post! I will do some more research on Elastos. I wouldn't mind buying into a smaller altcoins.....like Cardano and perhaps Elastos. However, I would love to do this via a Grayscale-like option (which may be coming soon for Cardano). How would you buy Elastos?
That was a quick turnaround for the cannabis stocks. Wow. Tilray down 50%
That's the issue with cannabis stocks. They are subject to the whims of politics and the government. Lots of risk.
I'm considering it a long-term play though, I'm still optimistic it will eventually be legalized.
Tilray up 110% Monday - Wednesday. Forget it's cannabis, that should raise red flags for any stock. So now it's still up 10% for the week. When it's too good to be true, stop losses (or stop-limits) are your friend
Currently, the only way to buy in the US is through Kucoin. Binance is apparently in the works in the near future, which will help drive the price up. Kucoin on the surface is challenging, but once you learn the process its quite easy.
You should just give the money you’d use to purchase those items to me,
Will you buy the coins for me?
BTC and ETH seem pretty legit. More risky than normal investments? Definitely. However, it's worth the risk to learn something new, have fun, and swing for the fences. If I'm wrong, I will lose 0.25% of our current investments. LOL!
Actually, I am saving us money. To get the boss' okay to start this fun/crypto account, I gave up my upcoming mid-life crisis sports car.
I’ve been investing a long time and have a professional degree, yet I can’t wrap my head around these altcoins and why anyone would risk a penny. Here’s a quick blurb from an article touting Clover as one of the most promising altcoins for 2021. Who understands what any of this means?
Clover
Clover is a Polkadot parachain offering an all-in-one DeFi platform backed by Bithumb Global. It’s open for developers to contribute to modules and applications, reducing the need to repeat the effort to recode the same functionality across different applications. Along with the open platform, Clover is also planning to launch several in-house applications with standard features such as decentralized token swaps, lending, and a wallet.
It’s obvious, Musk said it’s cool. Also a good pick up line at the bars. I’m a crypto investor.
There are a lot of altcoins and it's tough to research all of them. Cardano seems to have a legit future if the platform and technology continues to be developed as planned. Polkadot as well, but I believe there is more work to do. As for all the others? Who knows. Tons of crap out there and perhaps 1 or 2 100x homeruns. Check out this video about Cardano and Polkadot.....didn't understand 3/4s of what was said! LOL.
I like this YT channel, seems like good info without any hype.
This is my exact point. How does anyone, especially an investor, decipher what any of this means in order make an informed investment or trading decision?
It's definitely tough. I am using Grayscale for BTC and ETH since I have no idea about these buying services or digital wallets. No clue. If/when Grayscale launches a Cardano trust, I will likely invest a bit. To me, that seems like a good stamp of approval. However, I will obviously miss out on a ton of the early gains, but so be it.
Oh it's a legitimate asset class. Whether it's a currency or not is another question.