The Rokslide Stock Traders Thread

[back country]

I have this desire to throw 5-10k @ crypto. Not sure why, but I feel like I want to try it out. What is the easiest/ best way to get money into the crypto market. I trade stocks on Fidelity but cant seem to find anything on there allowing me to get into some crypto.

A lot of guys on here use coinbase


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[neb34]

I have this desire to throw 5-10k @ crypto. Not sure why, but I feel like I want to try it out. What is the easiest/ best way to get money into the crypto market. I trade stocks on Fidelity but cant seem to find anything on there allowing me to get into some crypto.

Coinbase or Webull

 

[Saturn_V]

Still holding onto airlines. Just bought back into the cruise lines before we see them setting sail again.

 

[MuleyFever]

.

I have this desire to throw 5-10k @ crypto. Not sure why, but I feel like I want to try it out. What is the easiest/ best way to get money into the crypto market. I trade stocks on Fidelity but cant seem to find anything on there allowing me to get into some crypto.

Uphold if you want to buy XRP. Otherwise Coinbase is the most popular I believe.

 

[alexanderg23]

I’m hearing a 12 month price target of $70 for STPK. Taking a position.

 

[Johnboy]

Are analyses like this (for CPE) even meaningful right now? Seems to me that using recent history to predict the near-term future for energy stocks is misleading at best.

Charles Schwab

 

[Broomd]

Are analyses like this (for CPE) even meaningful right now? Seems to me that using recent history to predict the near-term future for energy stocks is misleading at best.

Charles Schwab

Probably not.
Most of us read and even drop links to these once in awhile, but it seems to me that most of these writers have an agenda or are wrong 95% of the time.
I've gotten more solid intel from a select few traders on ST and even this roks. thread than I have for any of the articles I've read from over the last year.
Motley Fool is the worst.
We're on the cusp of a once-in-a-lifetime energy price boom right now. Unless something unexpected happens we're going to do very well. CPE should especially, they have many wells, far more than CDEV.

 

[Johnboy]

Probably not.
Most of us read and even drop links to these once in awhile, but it seems to me that most of these writers have an agenda or are wrong 95% of the time.
I've gotten more solid intel from a select few traders on ST and even this roks. thread than I have for any of the articles I've read from over the last year.
Motley Fool is the worst.
We're on the cusp of a once-in-a-lifetime energy price boom right now. Unless something unexpected happens we're going to do very well. CPE should especially, they have many wells, far more than CDEV.

I missed out on the GTE dip on Friday. I'm thinking about putting a chunk into CPE and letting it ride through summer. Basic logic tells me I'd be foolish to let cash sit in a bank savings account when it could be growing significantly in energy investments.

 

[jlh42581]

Crypto is the only thing that trades 24/7/365 ... i hold it for that reason alone

 

[HuntHarder]

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Uphold if you want to buy XRP. Otherwise Coinbase is the most popular I believe.

Can I not trade XRP on coinbase?

 

[back country]

Can I not trade XRP on coinbase?

No they stopped all trading of xrp on coinbase on 1/19/21 I think it was. It was due to the lawsuit with the SEC. I don’t remember the details but a quick google search will probably tell you more than you care to know about it


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[Theringworm]

XRP is not currently tradeable on Coinbase. Once the Ripple lawsuit is complete it will likely be tradeable again. It is currently a “de-listed” crypto. Coinbase Pro (a Coinbase sister company) has significantly lower fees. Buy and sell on Coinbase Pro. The platform and user interface is a lot better on Coinbase though so I buy on Coinbase Pro and then move it to Coinbase to watch. No fee for moving back and forth.

 

[HuntHarder]

Thanks guys. I started doing some research and a few of my buddies use Binance.us and meta mask wallet. Seems like there is just a couple more steps involved vs. stocks but overall pretty similar. I really like the fact that it trades 24/7. Seems like it would give me something to do when the markets are closed.

I vaguely remember there not being taxes on Crypto gains. Is that still a thing? That really intrigues me after last year. I am glad I did so well in the markets, but giving Uncle Sam that check here in a couple weeks is gonna suck. I put money aside to pay the taxes, but it still sucks .hahaha

 

[Theringworm]

Crypto gains and losses are taxed. There are short and long term gain taxes. There are some caveats but overall, it’s very much like stocks. Know the laws before playing.

 

[Crowmangler]

Coinbase & Binance are 2 of the most used crypto exchanges.
Some won't allow you to open an account if you live in certain states.
Opening an account in either one is a multi step verification process. If you don't already own any crypto that you can transfer you will have to go through a lengthy wait period to be able to fund the account with USD (fiat verification).
This could potentially take up to three weeks. I'm currently on day # 10. Very frustrating to say the least.

 

[Ashy Larry]

HIVE Blockchain is a crypto miner stock of Ethereum. I bought a month ago and up 55%. Ethereum prices jumping this weekend so may be a decent Tuesday play. So your own DD though.

 

[Okhotnik]

A lot of guys on here use coinbase


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used Coinbase. I picked up a decent amount of eutherium middle of last Nov, I also bought and sold etcg, ethe. To be honest still not very comfortable with crypto

 

[jlh42581]

Ive moved out of coinbase. Every time Id fund it my bank would flag it. As much as robinhood pissed me off it does do crypto too. I cant believe they did what they did still but I dont think its going anywhere. If anything they might get a slap on the wrist. They make everything so easy that its hard to not use it. Ive been waiting 14 days now for fidelity to link my checking to my new brokerage account. Ive even got two fully funded IRA's there. It doesnt do crypto.

You know who else does big crypto now? Paypal, you dont need anything else to trade the major ones.

 

[KsRancher]

I never had bought stocks in my life. Just have the 401k from my job. March 23rd of last year I decided to gamble with individual stocks. Original plan was make a few thousand bucks and pocket it, then not mess with it anymore. I bought into airlines, hotels, oil companies, home improvement companies, banks, and credit cards. Made awesome returns so far. Average of 50% so far. After seeing what it grew to, I decided to keep the TD Ameritrade account and use it as a second retirement. I am going to wait and get past my year (will cut taxes in half) and then sell most of the individual stocks and put into SPY and QQQ. Going to shoot for 33% QQQ, 33% SPY, 33% individual stocks. My individuals will be stocks like. HD, LOW, COF, NEE. If I can average 10%/yr return until I retire, my little stock gamble will turn into over $500k by the time I retire. I maybe a little ambitious on plan, but it's my plan

 

[Wacko]

Another avenue for crypto is : (GBTC) Grayscale Bitcoin trust and (ETHE) Grayscale Etherium trust. Should be available at almost every broker...

Just FYI, do your own DD,....yada yada....