- Messages
- 13,880
- Likes
- 46,583
Stock Market/Investing/Day Trading/Speculative Trading Thread
- Thread starter That SOB Van Owen
- Start date
Welcome to tPB!
Welcome to The Platinum Board. We are a Nebraska Husker news source and fan community.
-
Welcome to The Platinum Board! We are a Nebraska Cornhuskers news source and community. Please click "Log In" or "Register" above to gain access to the forums.
- Messages
- 13,880
- Likes
- 46,583
So do you invest in something like Coin Base or direct or something like BITW?
Cryptos are something I am not as experienced in.
redzoner
Safety
- Messages
- 758
- Likes
- 3,327
I haven't gotten into crypto yet but I'm thinking about starting to buy some ETH every month for awhile just to have a position.
On a sad note some guy who I thought was crazy was trying to get me to buy bitcoin back in 2012. He had the first bitcoin ATM in Lincoln. Kicking myself for not at least buying a $100 worth.
- Messages
- 1,748
- Likes
- 5,895
What are your thoughts on HBAR?
- Messages
- 677
- Likes
- 1,976
My first investment was F last week lol, only a couple shares but it’s looking good so far. Also picked up a share of Best Buy, I worked there for almost 5 years and I feel like it’s going to keep climbing.So NVDA and F
Also been trading GRWG as my pot play. Got in at 14, sold down to cost basis at 59 and then bought back in some 22. +13.68% today
- Messages
- 4,342
- Likes
- 8,006
You can only dream about having all of the Whole Life policies on the books that I do. 🖕🖕🖕
😂
.
- Messages
- 6,945
- Likes
- 29,346
There are a LOT of ways to have $ invested in crypto.
- You can own the coins themselves, in which case you'll need to establish a trading account on an exchange like Coinbase, Gemini, Kukoin, etc. This is no different than opening a new account at TDAmeritrade or E*TRADE. It's the most complex way to trade in crypto currencies, but you own the coins directly (or store them in a "wallet", either on the exchange or download them to a specialized USB storage device that you lock in the safe). You'll be able to dabble in ALL of the crypto currencies with this approach, but you may need to establish trading accounts on multiple exchanges to trade them all.
- You can own mining companies such as MARA (Marathon Digital) or RIOT (RIOT Blockchain) whose value is tied to the coins they "mine" by providing computing power to the blockchain infrastructure. These are both traded as equities on the stock exchanges themselves, and there are many publicly traded crypto mining companies out there. If you have a trading account at TDAmeritrade or E*TRADE, etc., you can purchase them the same way you'd purchase shares of any other publicly traded company. Full disclosure - I own both of those equities.
- You can own specialized funds that directly own and trade in crypto currencies. Again, These are traded as equities on the stock exchanges themselves. If you have a trading account at TDAmeritrade or E*TRADE, etc., you can purchase them the same way you'd purchase shares of any other publicly traded company. Grayscale is considered the leader in these type of publicly traded funds, but most of the large trading firms have launched their own in the last year or so. Full disclosure: I own shares of one of the Grayscale funds (GDLC).
- You can own shares of a company with exposure to or involvement in crypto currencies. Your example of CoinBase is a good one, but CoinBase itself it an exchange, so you're really buying shares of the exchange much like owning shares of CME (the Chicago Mercantile Exchange), who also has a presence in the crypto currency marketplace as CME enables crypto futures on their exchange. Other publicly traded companies who either own or are tied to crypto include Tesla, Overstock, Square, etc. There's a pretty large list of companies out there, but those are representative examples.
- Messages
- 6,945
- Likes
- 29,346
I've owned it in the past (I don't currently own it), so I'm somewhat familiar with it. It's had a nice run in the last year or so (up 30%). As blockchain transactions scale dramatically (think parabolic over the next half decade or so), there will be a need for solutions like HBAR to scale lots of transactions at low fees. It's a good long-term play, but probably not a get-rich-quick overnight coin to hold.
- Messages
- 1,748
- Likes
- 5,895
Yeah, I've been treating it as a long term hold. Thanks for the input.
- Messages
- 677
- Likes
- 1,976
WTF is that 3 month chart??
- Messages
- 1,436
- Likes
- 5,536
I use Coinbase pro, so I can't speak to prior to that but it just got added on Nov 1. There's basically new one's getting added weekly at this point.
- Messages
- 13,880
- Likes
- 46,583
- Messages
- 13,880
- Likes
- 46,583
Eh you seem trustworthy...
- Messages
- 13,880
- Likes
- 46,583
I backed an F150 up on F during the pandemic at about $4 per share and took out my cost basis at about $12. Now just letting it ride
It is my 2nd best holding so far. I am up almost 700% on TQQQ.
CZR is my all time duh... Bought at 5.96 a share on 3/20/20 and pulled everything out in May for $28/share.....Trades at $106 today.
That is a big reason why I almost always leave some $ on the table now, but I am pretty quick to get my cost basis off the table or even down to my cost basis so I take some profits off the table.
Last edited:
- Messages
- 677
- Likes
- 1,976
Ahhh it’s a coin, I looked it up on TD and it had super random spikes with no information
- Messages
- 4,342
- Likes
- 8,006
- Messages
- 13,880
- Likes
- 46,583
- Messages
- 2,473
- Likes
- 7,663
If you want my most dead simple investing advice: buy NTSX. It's a 1.5x leveraged 60/40 portfolio wrapped in a single, efficient ETF. Pick a broker that doesn't charge fees to buy (I use M1 Finance), set up automatic deposits/buys, and that's really about all you need. If you're saving for retirement, stuff it in a Roth IRA (you can set that up on M1 or elsewhere).
- Messages
- 677
- Likes
- 1,976
I actually know this. He doesn’t take a salary, so his stocks are considered income instead of cap gains.
