Barry McCockinner Posted November 9, 2021 Share Posted November 9, 2021 54 minutes ago, HessStation said: Hearing strong XYO could pump soon Where do you hear this stuff? Lol What's the advantage of xyo over chain link? Or is it just a mob is about to pump it? Quote Link to comment Share on other sites More sharing options...
HessStation Posted November 9, 2021 Author Share Posted November 9, 2021 43 minutes ago, Barry McCockinner said: Where do you hear this stuff? Lol What's the advantage of xyo over chain link? Or is it just a mob is about to pump it? Hard to explain. It’s a combination of factors. I’ve self taught myself to read charts to a degree, I follow everything…be it Twitter, Discord’s, Stocktwits, Reditt etc. I’ve been able to find a couple solid TAs to follow. There’s a way to sift through the muck. Some is just sentiment and also cross referencing too. It’s the same formula as Mafia, when I first started, jump into it like I know what I’m doing until I can figure it out. It’s led to good fortune so far. How much is luck probably a good sum but so is life. Job allows me time to check a lot of things and some of it is just feel/sentiment + as much DD basics in a Google search. And some is buying/finding floors/support, patience and just holding. Between four different brokers I’m around $50 w $12 down so far this year…just following the right people/things and having a basic grasp of a chart w support and resistance. Some are long holds and some are short too 2 Quote Link to comment Share on other sites More sharing options...
HessStation Posted November 9, 2021 Author Share Posted November 9, 2021 Btw all these Alts are gonna be on hold until Bitcoin settles. Just hit 68 now!!! 1 Quote Link to comment Share on other sites More sharing options...
RobR Posted November 9, 2021 Share Posted November 9, 2021 2 hours ago, Jetscode1 said: Lot of talk about crypto. I'm sure this time it'll be different. As the man above said. Stick to the S&P 500. Invest early and invest often. If a newbie investor wants to jump into the market they should do 40% SPY, 40% QQQ, and 20% IWM. With a portfolio like that you will experience the broad market for nominal fees. Personally I think everyone should have some cryptos in their portfolio regardless of time horizon, just adjust accordingly. Quote Link to comment Share on other sites More sharing options...
Barry McCockinner Posted November 9, 2021 Share Posted November 9, 2021 16 minutes ago, HessStation said: Btw all these Alts are gonna be on hold until Bitcoin settles. Just hit 68 now!!! Bitcoin fixing to go hogwild for the rest of the month Quote Link to comment Share on other sites More sharing options...
RutgersJetFan Posted November 9, 2021 Share Posted November 9, 2021 2 hours ago, RobR said: Why not just put in a stop order and enjoy your vacation? Because I'm a greedy moron. P.S. My wife said the same thing. 1 Quote Link to comment Share on other sites More sharing options...
RutgersJetFan Posted November 9, 2021 Share Posted November 9, 2021 3 hours ago, Barry McCockinner said: Yes, look at the all-time log chart like you posted for s&p. There is no 4 year period you could have bought and held Bitcoin and not been up. You get bigger gains and more volatility because it's still an emerging asset class but long term it is up only just like s&p. Bitcoin flipped the silver market cap today. I really don't know what to tell you. The crypto people seem to have a rolodex of platitudes that they defer to whenever anyone wants to reasonably discuss fundamentals. If you're going to sit here and type with a straight face that 12 years of a trendline is the same as 126 years then what's the point? Best of luck with it all and I hope you make more money. 1 Quote Link to comment Share on other sites More sharing options...
RutgersJetFan Posted November 9, 2021 Share Posted November 9, 2021 1 hour ago, RobR said: If a newbie investor wants to jump into the market they should do 40% SPY, 40% QQQ, and 20% IWM. With a portfolio like that you will experience the broad market for nominal fees. Personally I think everyone should have some cryptos in their portfolio regardless of time horizon, just adjust accordingly. Can't echo this enough. Super safe investing and they provide a gateway into learning about the stocks within the funds. IMO depending on how much you're putting in VOO can be the better buy over SPY. Trend lines are almost identical and the expense ratio is half a point cheaper. I'm with you on QQQ though it's been killing it this year. Quote Link to comment Share on other sites More sharing options...
RutgersJetFan Posted November 9, 2021 Share Posted November 9, 2021 3 hours ago, HessStation said: Def two schools of thought. Can make money in both. That’s main reason I thought to start this. Wish I got involved earlier. id be sitting prettier now if someone made me realize there’s money to be made if you can keep your wits bout you and do enough digging 100%. What's it been, 130% return on FAANG over the last 18 months? I'm at a weird crossroads right now with MSFT since it erupted which ballooned it to 20% of my portfolio. Scary place to be and the book says to trim the position but I don't want to miss on the run if/when it splits. Given the value of the company I don't think I have much to worry about but the risk fairy is yelling at me to trim it. Quote Link to comment Share on other sites More sharing options...
HessStation Posted November 9, 2021 Author Share Posted November 9, 2021 7 hours ago, RutgersJetFan said: 100%. What's it been, 130% return on FAANG over the last 18 months? I'm at a weird crossroads right now with MSFT since it erupted which ballooned it to 20% of my portfolio. Scary place to be and the book says to trim the position but I don't want to miss on the run if/when it splits. Given the value of the company I don't think I have much to worry about but the risk fairy is yelling at me to trim it. I mean, I bought Jasmy last month at .05 and it’s .22, COTI at .30 now .55 and Loopring at 1.09 a couple days ago and it’s at 2.44. I’ll take those gains and less Market Maker/Hedge Fund manipulation that’s in the stock market any day of the week. You basically need a gamma or short squeeze in the stock market for those type of gains to happen that fast. But I guess there’s more risk per se. But if you dropped $1k on LUNA, which is both technically and fundamentally strong in Crypto terms, exactly one year ago today you’d have made $188k. 1 Quote Link to comment Share on other sites More sharing options...
BeaconJet Posted November 9, 2021 Share Posted November 9, 2021 12 hours ago, HawkeyeJet said: Also, I know nothing about investing or stocks or crypto. Look into Jack Bogle and the Bogleheads philosophy. Three fund portfolios, etc. Total US stock fund, Total Intl Stock Fund, Bond fund. You wont have the huge short term returns but its less volatile and as assured to increase over time as one can say with the stock market (which is to say, invest at your own risk). 4 Quote Link to comment Share on other sites More sharing options...
Barry McCockinner Posted November 9, 2021 Share Posted November 9, 2021 Regarding the comparison of stonks vs. bitcoin, this is a cool site to compare what a weekly DCA would have done in either asset (also vs. gold). Play with the starting & accumulate for parameters to get an idea of how the assets compare to each other over different timeframes. https://dcabtc.com?sd=2020-11-09&sda=1_year&f=weekly&d=1_year&ac=1000&c=true ^ that site works better on a computer than a phone. 1 Quote Link to comment Share on other sites More sharing options...
HessStation Posted November 9, 2021 Author Share Posted November 9, 2021 9 hours ago, Barry McCockinner said: Bitcoin fixing to go hogwild for the rest of the month I just meant cooling off/overbought/consolidating…hoping we see a pop in alts soon Quote Link to comment Share on other sites More sharing options...
RobR Posted November 9, 2021 Share Posted November 9, 2021 9 hours ago, RutgersJetFan said: Because I'm a greedy moron. P.S. My wife said the same thing. Trailing Stops are the greedy mans best friend. Quote Link to comment Share on other sites More sharing options...
Peace Frog Posted November 9, 2021 Share Posted November 9, 2021 Is Litecoin ever going to get back over $420? Quote Link to comment Share on other sites More sharing options...
Jetscode1 Posted November 10, 2021 Share Posted November 10, 2021 Quote Link to comment Share on other sites More sharing options...
Barry McCockinner Posted November 10, 2021 Share Posted November 10, 2021 9 minutes ago, Jetscode1 said: What similarities do you see between tulips and bitcoin? This is a thing a lot of people latch on to but I don't think it's often thought through. I was going to ignore it but this is the second time you've brought it up. I get the initial reaction to bitcoin is that it's kind of a crazy/stupid thing. That's pretty normal. It's probably everyone's initial reaction. But if you have an open mind and take the time to understand it better you may have a change of heart. Many do. I have seen you reevaluate things and come to a different conclusion, so I know this won't be a wasted exercise if you choose to participate. 1 Quote Link to comment Share on other sites More sharing options...
HessStation Posted November 10, 2021 Author Share Posted November 10, 2021 22 hours ago, Peace Frog said: Is Litecoin ever going to get back over $420? I would consider that one of the most boring coins to hold on every level. I am NOT any kind of expert but just based on following crypto like a Coke addict that last couple months. Quote Link to comment Share on other sites More sharing options...
Peace Frog Posted November 10, 2021 Share Posted November 10, 2021 1 minute ago, HessStation said: I would consider that one of the most boring coins to hold on every level. I am NOT any kind of expert but just based on following crypto like a Coke addict that last couple months. Yeah I bought a bunch early on When it was trading between $250 and $280 so when it shot to $420 I figured the rise was going to continue. When it sunk below $200 for a LONG time I figured I’d just HODL and see what happens. Who knows. 1 Quote Link to comment Share on other sites More sharing options...
Jetscode1 Posted November 11, 2021 Share Posted November 11, 2021 12 hours ago, Barry McCockinner said: What similarities do you see between tulips and bitcoin? This is a thing a lot of people latch on to but I don't think it's often thought through. I was going to ignore it but this is the second time you've brought it up. I get the initial reaction to bitcoin is that it's kind of a crazy/stupid thing. That's pretty normal. It's probably everyone's initial reaction. But if you have an open mind and take the time to understand it better you may have a change of heart. Many do. I have seen you reevaluate things and come to a different conclusion, so I know this won't be a wasted exercise if you choose to participate. Fair point. Tulips is an example of a bubble and bitcoin and cryptocurrency as a whole has the potential to serve as a bubble. I get the idea for supporting crypto. In fact, the block chain technology behind crypto is absolutely brilliant. With that stated, I could argue that crypto is just another example of the never-ending cycle of America trusting/not trusting their money. At times we prefer a de-centralized currency over a centralized currency. Happened many times starting with the worthlessness of Continental dollars, then decentralize with State banks, to centralizing to Greenbacks, then to representative money of gold/silver to eventually the current Federal Reserve notes. My bigger point is that for most investors the best bet to save for retirement is the boring but simple S&P 500 index fund. In fact, I made a short post alluding to a million dollar bet Warren Buffet made with a super, duper hedge fund manager. Link here. Bottom line is boring beats brilliant for most of us. Obviously, if you have money to spare or play money in some peoples mind then place your bet but realize you're gambling. The risk with crypto is the fact that it needs to eventually compete with fiat money (government created money) and just like we saw with China recently, governments do not like competition. Will/when the U.S. move against crypto? I have no idea but when they do the elites in this country will have more advance knowledge than I. The crypto craze will surely find many winners and losers as the financial industry loves a good horse race. At times, I can kick myself for not gambling on bitcoin 10 years ago when it first came on my radar but I also realize that I do not have much play money and the boring bet is usually the wiser choice in the long run. Quote Link to comment Share on other sites More sharing options...
Bless you....Thank you Posted November 11, 2021 Share Posted November 11, 2021 ENJ is my play all these pay for play metaverse sites will use this token 1 Quote Link to comment Share on other sites More sharing options...
HessStation Posted November 15, 2021 Author Share Posted November 15, 2021 On 11/11/2021 at 1:56 AM, Bless you....Thank you said: ENJ is my play all these pay for play metaverse sites will use this token I bought at 1.50 and then left too early bc I’m dumb. Bounce will be another huge NFT play too imo. Quote Link to comment Share on other sites More sharing options...
Bless you....Thank you Posted November 24, 2021 Share Posted November 24, 2021 ENJ has been running. It will change the game Quote Link to comment Share on other sites More sharing options...
Barry McCockinner Posted November 24, 2021 Share Posted November 24, 2021 If anyone has a cardano wallet and wants some worthless NYJETS tokens let me know and I'll send you some. https://pool.pm/e95386f2613a69034ea1226b32de163e933443fd6de88723615b4c2d.NYJETS Quote Link to comment Share on other sites More sharing options...
HessStation Posted November 25, 2021 Author Share Posted November 25, 2021 11 hours ago, Bless you....Thank you said: ENJ has been running. It will change the game Banked hard on the metaverse coins this week. They all just dipped fwiw GALA, MANA, SAND, ENJ ….bit coming back to life so not sure if they take a backseat short term or not now…LRC hot too… as they all cool off if you can find the floor/support as they consolidate…great buys long Quote Link to comment Share on other sites More sharing options...
HessStation Posted November 26, 2021 Author Share Posted November 26, 2021 This morning is a major buying opportunity 1 Quote Link to comment Share on other sites More sharing options...
Barry McCockinner Posted November 26, 2021 Share Posted November 26, 2021 1 hour ago, HessStation said: This morning is a major buying opportunity Last Friday of the month sales happen a lot. I fired a bullet. Quote Link to comment Share on other sites More sharing options...
RutgersJetFan Posted November 26, 2021 Share Posted November 26, 2021 Hello fellow poors 1 Quote Link to comment Share on other sites More sharing options...
HessStation Posted November 26, 2021 Author Share Posted November 26, 2021 6 hours ago, RutgersJetFan said: Hello fellow poors I got lucky and jumped into the metaverse hard last Monday TG Quote Link to comment Share on other sites More sharing options...
RutgersJetFan Posted November 27, 2021 Share Posted November 27, 2021 5 hours ago, HessStation said: I got lucky and jumped into the metaverse hard last Monday TG I wanna buy the dip but I already blew all my gains on steampunk NFTs. Quote Link to comment Share on other sites More sharing options...
HessStation Posted November 27, 2021 Author Share Posted November 27, 2021 10 hours ago, RutgersJetFan said: I wanna buy the dip but I already blew all my gains on steampunk NFTs. That’s actually supercool. I’m such a novice instead of playing w NFTs I’m trying to at least be a part of it by buying the coins involved like Auction and Loopring etc. i sorta pivoted from “financial system utility” to “gaming and NFT utilities” recently. It’s just a guess/hedge I’m hoping I can ride Quote Link to comment Share on other sites More sharing options...
Barry McCockinner Posted November 28, 2021 Share Posted November 28, 2021 On 11/27/2021 at 12:08 AM, RutgersJetFan said: I wanna buy the dip but I already blew all my gains on steampunk NFTs. I really don't get why NFT's have value. Quote Link to comment Share on other sites More sharing options...
Jetscode1 Posted December 5, 2021 Share Posted December 5, 2021 On 11/28/2021 at 8:59 AM, Barry McCockinner said: I really don't get why NFT's have value. How's the crypto investment working? Enjoying the ride? Crypto Tokens Plunge in Fresh Sign of Global Market Nerves https://finance.yahoo.com/news/bitcoin-plunges-over-20-another-063422558.html 1 Quote Link to comment Share on other sites More sharing options...
Barry McCockinner Posted December 5, 2021 Share Posted December 5, 2021 1 hour ago, Jetscode1 said: How's the crypto investment working? Enjoying the ride? Crypto Tokens Plunge in Fresh Sign of Global Market Nerves https://finance.yahoo.com/news/bitcoin-plunges-over-20-another-063422558.html Zoom out bro. Bitcoin outperforms everything. I have made life changing gains on this stuff. Not worried about a standard dip but I'm not surprised you're excited about it. The haters always are. For reference, here are the dips from the 2017 bull run. BTFD 1 Quote Link to comment Share on other sites More sharing options...
Jetscode1 Posted December 5, 2021 Share Posted December 5, 2021 36 minutes ago, Barry McCockinner said: Zoom out bro. Bitcoin outperforms everything. I have made life changing gains on this stuff. Not worried about a standard dip but I'm not surprised you're excited about it. The haters always are. For reference, here are the dips from the 2017 bull run. BTFD I wish you continued good luck. Quote Link to comment Share on other sites More sharing options...
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