Bitcoin

[Redondo]

Bitcoin trades lower as a digital Euro is considered

[gotbeer]

2 hours ago, Redondo said:

Bitcoin trades lower as a digital Euro is considered

This reminds me of the pot bust in Calolfornia.  Bitcoin is bad.  Unless we can profit from it.

[gotbeer]

it better be Cumrocket crypto.

Las Vegas strip club now accepting bitcoin

[UndertheHalo]

On 6/30/2021 at 10:01 AM, Taylor said:

Has anyone here ever made significant money by investing (not including 401Ks, etc.)? I know plenty of people who invest, but I've never met anyone who said, "I was able to buy a new car/house/increase my income level through the stock market."

Moonshot stuff is fairly rare and often you have to be taking considerable risk.  Not always tho.  People who got in early on bitcoin for example could have made a shit ton of money with small investments.  Like I said, rare.  I think it would be wise, if you have the expendable income (that’s the rub for most people in our age cohort) to take a look at putting money aside into growth funds or like an ETF that you’re interested in.  You can do a vanguard fund with pretty reasonable fees and just commit to putting money into it every month or week or whatever.  Vanguard is an old reliable investment firm.  So, while it’s not guaranteed you have lots of time to make money.  As you get older you can consider other options.  If you don’t have the $5K or whatever vanguard wants to get into one of their funds you can also use an app like acorns.  Which I think is great.  It’s sort of like putting money into a mutual fund.  But it’s not.  They put your money into various ETFs.  Large cap, international, small cap and bonds.  Depending on the portfolio you picks.  They’re simple to understand.  Conservative, moderate, aggressive etc.  you’re younger so you probably don’t want to put it into the conservative fund.  There’s no minimum to start with acorns.  Anyway, that’s a good way to get started.  I wouldn’t worry about trying to find the next Bitcoin or whatever.  I mean of course great if you can.  But that shit is a good way to get fucked.  Maybe keep an eye on the Reddit stonk forums.  Use some play money to fuck around with those if you want.  Maybe you can ride one of those to a win.  I made a pretty good bit of money off AMC.  Lol. 

[Taylor]

20 minutes ago, UndertheHalo said:

Moonshot stuff is fairly rare and often you have to be taking considerable risk.  Not always tho.  People who got in early on bitcoin for example could have made a shit ton of money with small investments.  Like I said, rare.  I think it would be wise, if you have the expendable income (that’s the rub for most people in our age cohort) to take a look at putting money aside into growth funds or like an ETF that you’re interested in.  You can do a vanguard fund with pretty reasonable fees and just commit to putting money into it every month or week or whatever.  Vanguard is an old reliable investment firm.  So, while it’s not guaranteed you have lots of time to make money.  As you get older you can consider other options.  If you don’t have the $5K or whatever vanguard wants to get into one of their funds you can also use an app like acorns.  Which I think is great.  It’s sort of like putting money into a mutual fund.  But it’s not.  They put your money into various ETFs.  Large cap, international, small cap and bonds.  Depending on the portfolio you picks.  They’re simple to understand.  Conservative, moderate, aggressive etc.  you’re younger so you probably don’t want to put it into the conservative fund.  There’s no minimum to start with acorns.  Anyway, that’s a good way to get started.  I wouldn’t worry about trying to find the next Bitcoin or whatever.  I mean of course great if you can.  But that shit is a good way to get fucked.  Maybe keep an eye on the Reddit stonk forums.  Use some play money to fuck around with those if you want.  Maybe you can ride one of those to a win.  I made a pretty good bit of money off AMC.  Lol. 

I do have a 403(b) retirement plan through my company, which I contribute a little to every paycheck. It's done fairly well for me over the years. 

[UndertheHalo]

14 minutes ago, Taylor said:

I do have a 403(b) retirement plan through my company, which I contribute a little to every paycheck. It's done fairly well for me over the years. 

Ah.  You must work for a public agency or a non profit ! Ya so if you take a look at that they probably have your money in some kind of investment portfolio managed for growth.  What are you at ? Like 12-15% or something.  That’s typical over the last several years for that sort of investment. 
 

anyway, if you want to grow money for nice toys or a vacation or buying a house or something.  Investing in the previously mentioned stuff is probably the way to do it.  Just keep in mind, we’re living in weird times with the markets.  

Edited July 14, 2021 by UndertheHalo

[Adam]

You'll never be rich unless you take this guy's course.

https://www.facebook.com/watch/live/?v=10157570519408989&ref=watch_permalink

[Tank]

1 hour ago, Adam said:

You'll never be rich unless you take this guy's course.

https://www.facebook.com/watch/live/?v=10157570519408989&ref=watch_permalink

too much ADHD for me to watch. like @St1ck with a hooker, i lasted about a minute.

oh well, i guess i'll never be rich.

 

Edited July 15, 2021 by Tank

[Adam]

Or, just become speaker of the house

https://greenwald.substack.com/p/nancy-and-paul-pelosi-making-millions

 

 

[UndertheHalo]

I think AMD or Nvidia stonks are both decent buys with a chance to make some money. 

Edited July 16, 2021 by UndertheHalo

[gotbeer]

Not looking good.  Good time to buy though.

[NrM]

Just keep in mind, when you think the dip is finally over with, it will dip another 50% in a bear market.  Most Alts with no utility will dump 99% and never recover. 

The best time to buy is when no one is talking about crypto anymore and everyone has moved on

[failos]

21 hours ago, NrM said:

Just keep in mind, when you think the dip is finally over with, it will dip another 50% in a bear market.  Most Alts with no utility will dump 99% and never recover. 

The best time to buy is when no one is talking about crypto anymore and everyone has moved on

What dip? Crypto is back up

[Tank]

1 hour ago, failos said:

What dip? Crypto is back up

Wait a couple days.

[failos]

10 minutes ago, Tank said:

Wait a couple days.

What’s Biden up to now?

[Tank]

5 minutes ago, failos said:

What’s Biden up to now?

Just joe being joe.

[failos]

7 hours ago, Tank said:

Just joe being joe.

Ehhhh looks like you were right. Small dip today

[Tank]

one thing i've learned from following this thread is that there tend to be wild swings in value of crypto currencies. 

[failos]

4 minutes ago, Tank said:

one thing i've learned from following this thread is that there tend to be wild swings in value of crypto currencies. 

Yep crypto is very volatile. I can’t wait to get out of this shit. 

[failos]

I always lose money in stonks or crypto when there’s a dem President.

[NrM]

Welp the biggest shortsqueeze in Bitcoin's history happened today

[Redondo]

Bitcoin higher as Blockchain Australia seeks regulatory guidance

[gotbeer]

Amazon Readying to Accept Bitcoin, Ethereum, Cardano, and Bitcoin Cash, According to Insider

 

[Redondo]

Bitcoin trading down by about 2% early Tuesday morning

[Tank]

i filled up with gas this weekend at my local ARCO. outside the cashier's window was a machine where you could buy crypto currencies. i didn't look at it too closely, but i found it very odd. looked more like a lottery ticket machine.