The Rokslide Stock Traders Thread

[BBob]

Opened the monthly chart of crypto this morning and realized how stupid ive been to fight the market for a month when its done nothing but go up. DUMB

You must have missed the wschmaltz post when he said it was at the 618 Fib and was primed to bounce. Bounce it did!!!

It surely does like it's 618 Fib's

 

[EastMT]

If you're using Robinhood, you don't own bitcoin, you owe a bunch of IOU's. Completely negates one of the core benefits of bitcoin. Not to mention RH is shady as ****. I would avoid. Stick with Coinbase, Gemini, or Kraken.

Here’s the problem with Bitcoin, crypto etc. People are using it like a penny stock, and all they care about is how many US dollars they can get out of it. Until it stabilizes and quits dropping 5-7000 in a day or 24 hrs, the originally intent for BTC is impossible. People want to cash in, spend green backs. So the point is, most people don’t really care if they own a coin or not, they want paper money in return. (I hate Robinhood for any use, so no beef there)


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[Crowmangler]

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Or you can pick up some of the Alt Coins & get those returns in 24 hours... (or they could go down 40% too)

 

[jlh42581]

Or you can pick up some of the Alt Coins & get those returns in 24 hours... (or they could go down 40% too)

Swinging it is tough, Ive done it and lost it too

 

[ORHunter]

Sent from my SM-G975U using Tapatalk

 

[OXN939]

Schumer says Senate will move ahead on marijuana legalization

Senate Majority Leader Charles Schumer (D-N.Y.) has vowed to move forward with legislation to federally legalize marijuana, even if President Biden resists such a move. In an interview with Po…

www.google.com

Who's holding TLRY?

 

[22lr]

Just sold my Doge again on the last .06 run. Will probably stop buying/selling it but its tempting to keep flipping. Have bought it at .056 and sold at .06 twice now, just being patient pays dividends. I'm probably out of the Doge game for good now, but will see if I get tempted to jump back in.

 

[mproberts]

Schumer says Senate will move ahead on marijuana legalization

Senate Majority Leader Charles Schumer (D-N.Y.) has vowed to move forward with legislation to federally legalize marijuana, even if President Biden resists such a move. In an interview with Po…

www.google.com

Who's holding TLRY?

I'm not currently... but likely will be soon since I'm holding a hefty stake in APHA

 

[back country]

Bought some more GTE and AMPY today


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[Jesse Jaymes]

More of just a rant....but at 49....I've wanted to get into the market for some time. After selling a home last year, I had enough liquid cash to start bleeding it into the market. A friend and former co worker has beat the market for years and as a regular working stiff for the Govt....has about 3 million in holdings.

He's been candid with his moves and purchases. Very Motley like. Long term.

All I can say is after making my first investments at the end of December 2020...what a SHITTY time it was for me to take the plunge. I've got about $7000 out there and I'm upside down about $1000 into my own cash. The post Pandemic boom is kicking my ass.

I am contemplating starting a blog. I think I've bought High and sold Low on every home I've ever purchased. And missed every solid wave in my TSP holdings. I am not sure it's possible to F things up Financially worse than I could. Those mythical tests where the Chimps pick the stocks and beat the humans....I'm signing up for chimps.com

 

[Paul B]

Scooped up VIAC this morning in premarket. It was way undervalued after being related to the Archegos fallout. It was $100 stock a few weeks ago..

 

[Mischief209]

Xrp crypto has doubled in the last 24hrs. They had a court case today and judging by the price it must be good news. I talked about it last week price was .45 today it hit 1.10. If they drop or win the sec lawsuit it won't be long before xrp over takes eth in market cap. Its happened once already. In the coming months it could be the #2 coin and no telling where the price will go.

 

[Baddog]

Wonder why know one does a website like robin hood for crypto (super simple and easy)? Or do they and I just don't know?

 

[Mischief209]

Wonder why know one does a website like robin hood for crypto (super simple and easy)? Or do they and I just don't know?

Coinbase is about as simple as they come. Coinbase pro different animal. Not familiar with Robinhood so I can't compare but coinbase is very easy to use.

 

[william schmaltz]

Wonder why know one does a website like robin hood for crypto (super simple and easy)? Or do they and I just don't know?

Read back to the top of this page. Robinhood doesn't own any crypto so they can't assign you keys = if you buy on robinhood, you don't own any crypto. You own an IOU from a shady brokerage.

over takes eth in market cap. Its happened once already. In the coming months it could be the #2 coin and no telling where the price will go.

I really like XRP and the use case for it, but it's a one trick pony. I've been screaming buy on here since about New Years when this thing was hanging out at $0.20, but I only see it at $5-$10 in the next 1-3 years because of the limited use. There are over 6,000 coins currently listed and 65% of them are on the Ethereum network. That makes ETH a 4,000 trick pony. Not to mention it's the only way of buying most alt coins on places like Uniswap.

ETH is being purposely deflated for the good of ETH because of the fee structure. The way the fees are currently set, it becomes useless at about $3,500. The creators and big money in the coin know that to be the case and are selling off to keep the price down just enough for people to see gains and stay in but to also buy time. The EIP 1559 gets pushed out later this summer and not only will it fix the fee problem, but it will fix the problem by burning ETH with every transaction (this takes fixing the infinite supply problem one step further by also driving supply down.) If you look at the weekly chart from 2017 when BTC was at the same price, it lines up almost perfectly. All the evidence is there that ETH is a $20,000+ coin by the end of the year and will follow BTC very closely after the improvement is rolled out later this summer (hopefully without the year long accumulation stages that BTC had waiting for halving.)

 

[BeaverHunter]

Read back to the top of this page. Robinhood doesn't own any crypto so they can't assign you keys = if you buy on robinhood, you don't own any crypto. You own an IOU from a shady brokerage.

I really like XRP and the use case for it, but it's a one trick pony. I've been screaming buy on here since about New Years when this thing was hanging out at $0.20, but I only see it at $5-$10 in the next 1-3 years because of the limited use. There are over 6,000 coins currently listed and 65% of them are on the Ethereum network. That makes ETH a 4,000 trick pony. Not to mention it's the only way of buying most alt coins on places like Uniswap.

ETH is being purposely deflated for the good of ETH because of the fee structure. The way the fees are currently set, it becomes useless at about $3,500. The creators and big money in the coin know that to be the case and are selling off to keep the price down just enough for people to see gains and stay in but to also buy time. The EIP 1559 gets pushed out later this summer and not only will it fix the fee problem, but it will fix the problem by burning ETH with every transaction (this takes fixing the infinite supply problem one step further by also driving supply down.) If you look at the weekly chart from 2017 when BTC was at the same price, it lines up almost perfectly. All the evidence is there that ETH is a $20,000+ coin by the end of the year and will follow BTC very closely after the improvement is rolled out later this summer (hopefully without the year long accumulation stages that BTC had waiting for halving.)

So you think ETH is going to 10x or more in the next 9 months?

 

[MuleyFever]

Anyone have an opinion on buying crypto through PayPal? Seems pretty convenient.

 

[Okhotnik]

Based on pre market, might have a week or so window to make some $$$, especially in tech.

If People Aren’t Bored Anymore, What Happens to the Stock Market?

The latest round of stimulus checks hasn’t translated into retail stock purchases, partly because people are starting to have better things to do.

www.wsj.com

This article confirms what we've all been thinking

I picked up a 5 k shares of vldr when it dropped below $12. Might be short term. Sell order in at $18. depends on momentum and market. Adding to lpi, sm, GTE, dvn, cdev when oil dropped again.no brainer and picked up chip makers last fews week, himx, mu, mx , tsm. Trying to take advantage of a temp hot market. stops set every day and in of course

 

[Okhotnik]

More of just a rant....but at 49....I've wanted to get into the market for some time. After selling a home last year, I had enough liquid cash to start bleeding it into the market. A friend and former co worker has beat the market for years and as a regular working stiff for the Govt....has about 3 million in holdings.

He's been candid with his moves and purchases. Very Motley like. Long term.

All I can say is after making my first investments at the end of December 2020...what a SHITTY time it was for me to take the plunge. I've got about $7000 out there and I'm upside down about $1000 into my own cash. The post Pandemic boom is kicking my ass.

I am contemplating starting a blog. I think I've bought High and sold Low on every home I've ever purchased. And missed every solid wave in my TSP holdings. I am not sure it's possible to F things up Financially worse than I could. Those mythical tests where the Chimps pick the stocks and beat the humans....I'm signing up for chimps.com

So you think ETH is going to 10x or more in the next 9 months?

I bough a 100 shares of ETH ( pure speculation) last July on a whim and just sitting on it. Probably should have cashed out more stocks and bought more. missed the bitcoin train. Knowing full well it could go to zero but think unlikely

 

[william schmaltz]

So you think ETH is going to 10x or more in the next 9 months?

I think there is a very good chance. The #1 coin in the world is at 60K while the #2 coin in the world with a much more diverse use case is at 2K. And the reason for it being so far behind is well documented with a plan in place to fix the problem. It may take 12 or 14 months instead of 9, but I won't complain. Don't take my word for it though, please research it. I'm just a stranger on the internet.

Anyone have an opinion on buying crypto through PayPal? Seems pretty convenient.

They actually own crypto. So at least it's accounted for in their system if you buy, but it's my understanding that you cannot move it. So you can never get your private keys and actually own it. Since you don't have keys, if BTC makes a huge dip and you exit, you can't send it anywhere to stay in cryto. Instead you create a taxable event. If you're on an actual crypto exchange like coinbase, you can just move it to a different coin or a stable coin like USD coin and then and re-enter at a lower price. The tax man doesn't take his share during the transaction.

Coinbase is extremely easy to make an account with and you can get a bunch of free coins by just watching videos. Not sure why everyone is so resistant to it.