[Official] Stocks/Crypto/Investing thread

[ENTERPRISE]

I predict I will start my stocks journey in the next couple of weeks. First got my 10Gb network overhaul.

[Snakecharmed]

16 minutes ago, UltraMega said:

You can say the same things about stocks. Plenty of stocks have gone up 6x or more in the last year. With hindsight you can look at any type of investment and think of any big movers as missed opportunities. 

Very true. The difference for me is that I no longer lament those missed opportunities because I figured out my path and am happy with it now. The stock that got me interested in investing was the AMD turnaround in Lisa Su's early years at the helm.

 

I also can't say that I haven't benefited from massive gains as well when my portfolio's big hitters are ENPH, NVDA, and PYPL. I missed numerous opportunities to get into TSLA for instance, but I never liked the idea of investing in a company that at one point was so volatile that some dumbass tweets from X Æ A-12 Sr. could send it flying in either direction.

Edited November 8, 2021 by Snakecharmed

[UltraMega]

10 minutes ago, Snakecharmed said:

Very true. The difference for me is that I no longer lament those missed opportunities because I figured out my path and am happy with it now. The stock that got me interested in investing was the AMD turnaround in Lisa Su's early years at the helm.

 

I also can't say that I haven't benefited from massive gains as well when my portfolio's big hitters are ENPH, NVDA, and PYPL. I missed numerous opportunities to get into TSLA for instance, but I never liked the idea of investing in a company that at one point was so volatile that some dumbass tweets from Elon could send it flying in either direction.

Funny you mention it, AMD kinda got me into investing as well. When their stock price was ~$2 a share I was still young, I think early 20s and I had no spare money to buy stocks but I knew AMD was either going to go way way up or go bankrupt and I felt it was extremely unlikely the only general cpu company other than Intel would actually go under. I tried pretty hard to convince my dad to buy AMD stock but he figured I was just some dumb 20 years old (true in a lot of ways at the time) and he didn't take it seriously. I never forget the lessons learned from that experience. 

 

As for Tesla, he's at it again just recently. I don't like Tesla stocks for the same reason you mentioned. Spot on. 

Edited November 8, 2021 by UltraMega

[Snakecharmed]

4 hours ago, UltraMega said:

Funny you mention it, AMD kinda got me into investing as well. When their stock price was ~$2 a share I was still young, I think early 20s and I had no spare money to buy stocks but I knew AMD was either going to go way way up or go bankrupt and I felt it was extremely unlikely the only general cpu company other than Intel would actually go under. I tried pretty hard to convince my dad to buy AMD stock but he figured I was just some dumb 20 years old (true in a lot of ways at the time) and he didn't take it seriously. I never forget the lessons learned from that experience. 

 

As for Tesla, he's at it again just recently. I don't like Tesla stocks for the same reason you mentioned. Spot on. 

It's funny, I made that edit to my post following a random thought after you replied and now I just might refer to Elon as X Æ A-12 Sr. more often.

 

At one point, I made a cursory effort of trying to be an investor with personal ethics and justifying my picks that way, but that didn't last. I actually sold a small portion of my current NVDA holding for SOXL when the news came out that Nvidia was bullying Hardware Unboxed. SOXL has been pretty nice, but it's a triple-leveraged ETF that's gained 75% since February, while NVDA's gained 133% since then. If I had left NVDA alone, I think it might have become my top holding by portfolio percentage instead of ENPH.

 

I think the only personal investing ethics I still have are that I just don't like X Æ A-12 Sr., and truthfully, my avoidance of TSLA is mostly because the stock is so ridiculously overvalued that I'm not sure I could ever just get on the bandwagon without concerns. That and I still kind of hate their cars.

 

As for AMD, I think that was a perfect storm. Bulldozer was so bad, Ryzen was so good, and Su has been a fantastic leader for the company. They were kind of a meme stock before those were a thing, but unlike contemporary meme stocks, the case for AMD was fundamentally justified and aided by a confluence of positive developments.

Edited November 9, 2021 by Snakecharmed

[UltraMega]

52 minutes ago, Snakecharmed said:

It's funny, I made that edit to my post following a random thought after you replied and now I just might refer to Elon as X Æ A-12 Sr. more often.

 

At one point, I made a cursory effort of trying to be an investor with personal ethics and justifying my picks that way, but that didn't last. I actually sold a small portion of my current NVDA holding for SOXL when the news came out that Nvidia was bullying Hardware Unboxed. SOXL has been pretty nice, but it's a triple-leveraged index fund that's gained 75% since February, while NVDA's gained 133% since then. If I had left NVDA alone, I think it might have become my top holding by portfolio percentage instead of ENPH.

 

I think the only personal investing ethics I still have are that I just don't like X Æ A-12 Sr., and truthfully, my avoidance of TSLA is mostly because the stock is so ridiculously overvalued that I'm not sure I could ever just get on the bandwagon without concerns. That and I still kind of hate their cars.

 

As for AMD, I think that was a perfect storm. Bulldozer was so bad, Ryzen was so good, and Su has been a fantastic leader for the company. They were kind of a meme stock before those were a thing, but unlike contemporary meme stocks, the case for AMD was fundamentally justified and aided by a confluence of positive developments.

I agree that Tesla does seem over-valued and by the same logic I think it's worth looking at other car companies that haven't really done much in the EV market yet. Tesla seems like most of their success is due to being way ahead of the competition, but I figure other car companies have got to be capable of putting some decent electric motors and batteries in a frame eventually. When they catch up, it would make sense to me if a lot of tesla's value gets redistributed to other emerging EV players, and a lot of them are pretty far behind so there are potentially pretty strong gains to be had down the road. 

[UltraMega]

Definitely been an interesting last few days. For anyone not aware, things took a dip recent due to inflation concerns, but things has also been rising sharply for about two weeks up until this and with that recent upswing in mind things are still up overall. 

 

On one hand, stocks could recover which would be great. On the other, they could go down a bit more and become a good time to buy. I think if it does dip more I will buy into something while it's low to try to take advantage of it. 

[BWG]

My business is 1.5 months away from being debt free. My ETH hash is just over 1.2 MH/s. I saw my revenue estimates hit $3,200 mo. 1 day last week, and it keeps growing every time the miners get more out of LHR. If not for LHR, I'd be above 1.5.

 

When the debt is gone, I'm looking forward to actually playing with these cards. I will start holding coins and folding more. Someone we might all remember from ocn, not going to name him, restored an old wallet he thought was gone forever with 8.3 BTC in it and cashed out at $65,000 per coin. If anything has that btc growth potential within the next 5 years, it would have to be ethereum. 

[UltraMega]

Looks like it rebounded.

 

I'm kicking myself a little because I had set a limit before the downturn on SOFI for 21.5 that triggered and now it's gone up quite a bit from there . Still made a good profit but definitely sold too early. 

 

8 hours ago, BWG said:

My business is 1.5 months away from being debt free. My ETH hash is just over 1.2 MH/s. I saw my revenue estimates hit $3,200 mo. 1 day last week, and it keeps growing every time the miners get more out of LHR. If not for LHR, I'd be above 1.5.

 

When the debt is gone, I'm looking forward to actually playing with these cards. I will start holding coins and folding more. Someone we might all remember from ocn, not going to name him, restored an old wallet he thought was gone forever with 8.3 BTC in it and cashed out at $65,000 per coin. If anything has that btc growth potential within the next 5 years, it would have to be ethereum. 

 

My knowledge of crypto is limited but based on what I know, I agree Ethereum seem like the next one to gain value, if only because it seems to be the one used most for real transactions. 

 

On that note, what crypto trading apps do you guys recommend? I have Coinbase but their trading fees seem a bit high. 

Edited November 11, 2021 by UltraMega

[Avacado]

3 hours ago, UltraMega said:

Looks like it rebounded.

 

I'm kicking myself a little because I had set a limit before the downturn on SOFI for 21.5 that triggered and now it's gone up quite a bit from there . Still made a good profit but definitely sold too early. 

 

 

My knowledge of crypto is limited but based on what I know, I agree Ethereum seem like the next one to gain value, if only because it seems to be the one used most for real transactions. 

 

On that note, what crypto trading apps do you guys recommend? I have Coinbase but their trading fees seem a bit high. 

Most all crypto trading platforms will have outrageous fees, including coinbase. Don't forget, part of the last ETH hardfork was to burn a ton of ETH thus moving to POS, fees are part of the "Burning". It won't be long now. Once mining is eradicated, that is when you will see the value of ETH skyrocket. 

Edited November 11, 2021 by Avacado

[pio]

4 hours ago, Avacado said:

Most all crypto trading platforms will have outrageous fees, including coinbase. Don't forget, part of the last ETH hardfork was to burn a ton of ETH thus moving to POS, fees are part of the "Burning". It won't be long now. Once mining is eradicated, that is when you will see the value of ETH skyrocket. 

I just don't see mining being eradicated anytime soon personally.  There's too many bigger firms / warehouses / etc that are mining.  So what if ETH goes POS and you can't mine it anymore?  There's thousands of other coins that the GPU's can mine for.  I just have a hard time imagining ALL the cash people have spent on GPU's and it being for absolutely nothing.  I mean Ravencoin is even still profitable.  Heck even ETC is profitable.  Just not AS profitable as ETH is at the current time.

I think once ETH goes POS, we'll see the GPU farms switch to a different coin.  My own personal speculation on that subject anyway.  Still debating on buying cards again to do it myself actually lol.

Edited November 12, 2021 by pioneerisloud

[Avacado]

6 hours ago, pioneerisloud said:

I just don't see mining being eradicated anytime soon personally.  There's too many bigger firms / warehouses / etc that are mining.  So what if ETH goes POS and you can't mine it anymore?  There's thousands of other coins that the GPU's can mine for.  I just have a hard time imagining ALL the cash people have spent on GPU's and it being for absolutely nothing.  I mean Ravencoin is even still profitable.  Heck even ETC is profitable.  Just not AS profitable as ETH is at the current time.

I think once ETH goes POS, we'll see the GPU farms switch to a different coin.  My own personal speculation on that subject anyway.  Still debating on buying cards again to do it myself actually lol.

I never said "Mining" would be eradicated, I said ETH mining would. Of course there are plenty of other coins to mine on. 

[BWG]

The problem with ETH going POS is there's nearly 8 TH/s of hash power mining it. Once that hash spreads out to alt coins, your going to see diminishing mining profits on alt coins due to all of that extra hash hitting the pools causing smaller profits per block for each user. It could get pretty bad. Some may exit which will help a lot of things.

Edited November 12, 2021 by BWG

[UltraMega]

Looks like a new covid strain is going to be sending stocks down for a while. 

[Avacado]

40 minutes ago, UltraMega said:

Looks like a new covid strain is going to be sending stocks down for a while. 

Yea, was just reading about it this morning with a few peers. Very scary stuff. Hopefully not what they are saying. Known as B.1.1.529 and the WHO is deciding if it should be labeled a "Variant of concern". Supposed to be even more transmissible than Delta and render vaccines even less effective. Can definitely see the markets reacting to it. 

[UltraMega]

Looks like China doesn't want the US to own too much stock in Chinese companies. 

 

https://www.msn.com/en-us/money/companies/nio-alibaba-lead-losses-for-u-s-listed-stocks-of-chinese-companies-after-didi-delisting-news/ar-AARrm0t?PC=EMMX01

 

 

I had some Nio stock. Sold it after hearing about this. 

[UltraMega]

Have any of you guys been following Rivian stock? I have and it debuted at about $100 not long ago, spiked up a lot and is now back down to $100. Personally I am looking at this as a good time to buy and I bought into it today. 

[Snakecharmed]

1 hour ago, UltraMega said:

Looks like China doesn't want the US to own too much stock in Chinese companies. 

 

https://www.msn.com/en-us/money/companies/nio-alibaba-lead-losses-for-u-s-listed-stocks-of-chinese-companies-after-didi-delisting-news/ar-AARrm0t?PC=EMMX01

 

 

I had some Nio stock. Sold it after hearing about this. 

 

I dabbled with Chinese stocks a couple of years ago, mainly BABA, which I held for for an up-and-down cycle over two years and eventually sold for a $30 loss in 2020. I also got roped into the meme trading nature of HUYA and IQ back in 2018 and lost nearly $3000 on those. All garbage. Of course, with how the political climate has changed regarding China since then, I basically treat Chinese stocks as if they don't exist these days.

Edited December 3, 2021 by Snakecharmed

[GanjaSMK]

I should have sold BABA @ $300; but I failed and missed, what a dumb move.  Who knew Ma/BABA/Tencent would get wiped out by the CCCP?

[Andrew]

[pio]

All that means to me is cheap crypto to buy!

[nova4005]

4 hours ago, pioneerisloud said:

All that means to me is cheap crypto to buy!

I like discounted crypto, but my favorite is ADA! 

[Andrew]

Seems like there was a glitch on Coinbase a few hours ago that made the price of bitcoin $887 billion for 5 minutes. I sold by bitcoin 2 days ago. I wouldn't have been able to cash out during that glitch, but my portfolio would have said that I had over $1M though, so that would have been neat.

 

EDIT: Seems like it wasn't just bitcoin. This person was briefly the of the richest people in the world.

 

Edited December 14, 2021 by Andrew

[pio]

I had almost 4 million for 5 minutes.  I'd have attempted to cash out had I seen it.

[UltraMega]

So uhhhh... been a fun week or so huh . 

 

I bought in more at the start of this dip. Wish I had been waited a few more days to buy... This is a pretty strong covid dip. 

[Andrew]

Looks like this is the end of the BTC bull run for this halving.

 

 

It had since dropped a further £100 all in the space of about 1 minute.

 

Bitcoin has been following the same trends since it came out, so I see BTC going down to around $15K-$18K, then it's really going to yeet up to $250K-$300K ATH during 2024/25.

 

Now lets see if I'm right, anyone got a time machine I can borrow?