Haven't read through this whole thing yet, have we covered the topic of DOGECOIN?
Haven't read through this whole thing yet, have we covered the topic of DOGECOIN?
eastsideTim said:Don't know about funds, but it looks like precious metals retailers are doing well. Just checked the place I deal with, and spot silver is $27, while a silver eagle is $41 if you buy a small number of them, and $39 if you buy 1000 or more. The premium was bad last time I bought, but it was not that insane. And they are currently out of 2021 Silver Eagles, which is not normal. I did not even want to look at gold prices.
...and just like that, the spot silver pump seems to have dried up.
AWSX1686 (Forum Supporter) said:Haven't read through this whole thing yet, have we covered the topic of DOGECOIN?
Briefly mentioned, not covered in detail. What you want to talk about?
Greg Smith (Forum Supporter) said:eastsideTim said:Don't know about funds, but it looks like precious metals retailers are doing well. Just checked the place I deal with, and spot silver is $27, while a silver eagle is $41 if you buy a small number of them, and $39 if you buy 1000 or more. The premium was bad last time I bought, but it was not that insane. And they are currently out of 2021 Silver Eagles, which is not normal. I did not even want to look at gold prices.
...and just like that, the spot silver pump seems to have dried up.
I know in the past, COMEX has allowed silver futures to be settled in dollars, instead of in the actual silver. I have no idea if that is currently still in effect, but it is another reason I try to mess mostly with the real stuff. The premiums on physical silver tend to illuminate the disconnect of the precious metals market with reality.
RH allowed 500 shares of GME total recently, Gamestop announced hiring Amazon vet as CTO, but not enough to keep GME out of a free fall. Not looking good for anyone still holding on.
In theory it could have another short squeeze, but it sure looks like the hedge funds, SEC, and brokers won on this one.
Mr_Asa said:AWSX1686 (Forum Supporter) said:Haven't read through this whole thing yet, have we covered the topic of DOGECOIN?
Briefly mentioned, not covered in detail. What you want to talk about?
Curious what people's thoughts are on it in general. I tossed a little bit of money towards it last night just in case Reddit does it's thing and gets it up to $1/doge.
I'm still holding two shares of GME. No point in selling. Next time I go into the local the store with my grandkids, we'll walk in *like we own the place*.
AWSX1686 (Forum Supporter) said:Mr_Asa said:AWSX1686 (Forum Supporter) said:Haven't read through this whole thing yet, have we covered the topic of DOGECOIN?
Briefly mentioned, not covered in detail. What you want to talk about?
Curious what people's thoughts are on it in general. I tossed a little bit of money towards it last night just in case Reddit does it's thing and gets it up to $1/doge.
Its a crypto coin like any other :shrug: Honestly not sure what else to say about it. I spent $50 buying it when it was about a tenth of a cent per coin.
The movement has been positive, and it has gotten attention from a lot of big people like Musk, but its possible its just another spike like there was somewhere around 2018.
I will say that if you buy, don't buy it from Robinhood. RH doesn't actually sell the coins, they sell kind of a marker that says "you own this coin" but you don't actually have the blockchain address of that coin. As such its more like a stock than an actual cryptocurrency. Not sure I explained it well, look into it if you're interested.
Mr_Asa said:AWSX1686 (Forum Supporter) said:Mr_Asa said:AWSX1686 (Forum Supporter) said:Haven't read through this whole thing yet, have we covered the topic of DOGECOIN?
Briefly mentioned, not covered in detail. What you want to talk about?
Curious what people's thoughts are on it in general. I tossed a little bit of money towards it last night just in case Reddit does it's thing and gets it up to $1/doge.
Its a crypto coin like any other :shrug: Honestly not sure what else to say about it. I spent $50 buying it when it was about a tenth of a cent per coin.
The movement has been positive, and it has gotten attention from a lot of big people like Musk, but its possible its just another spike like there was somewhere around 2018.
I will say that if you buy, don't buy it from Robinhood. RH doesn't actually sell the coins, they sell kind of a marker that says "you own this coin" but you don't actually have the blockchain address of that coin. As such its more like a stock than an actual cryptocurrency. Not sure I explained it well, look into it if you're interested.
What are you preferred crypto trading sites?
I'm setup on Kraken, Coinbase and Binance. They all seem to have quirks and features. Then there is coinbase wallet and stablecoins to deal with!
Crypto seems like a large rabbit hole.
Hmmm. Fun. GME currently about 65. Day's range is 51 - 95. Place your bets gentlemen.
engiekev said:Mr_Asa said:AWSX1686 (Forum Supporter) said:Mr_Asa said:AWSX1686 (Forum Supporter) said:Haven't read through this whole thing yet, have we covered the topic of DOGECOIN?
Briefly mentioned, not covered in detail. What you want to talk about?
Curious what people's thoughts are on it in general. I tossed a little bit of money towards it last night just in case Reddit does it's thing and gets it up to $1/doge.
Its a crypto coin like any other :shrug: Honestly not sure what else to say about it. I spent $50 buying it when it was about a tenth of a cent per coin.
The movement has been positive, and it has gotten attention from a lot of big people like Musk, but its possible its just another spike like there was somewhere around 2018.
I will say that if you buy, don't buy it from Robinhood. RH doesn't actually sell the coins, they sell kind of a marker that says "you own this coin" but you don't actually have the blockchain address of that coin. As such its more like a stock than an actual cryptocurrency. Not sure I explained it well, look into it if you're interested.
What are you preferred crypto trading sites?
I'm setup on Kraken, Coinbase and Binance. They all seem to have quirks and features. Then there is coinbase wallet and stablecoins to deal with!
Crypto seems like a large rabbit hole.
I'm not as heavily into crypto. I have a friend that is and he uses Kraken and Coinbase. It is a huge rabbit hole, which is why I'm not into it as much.
Those aren't rabbits.
GME down to $61 today, there will be new short data published tomorrow, which could lead to another rise, or another crash. Either way expect the HFs and institutions to play dirty with the brokers yet again. Too volatile at this point unless one plays with fun money. Miata hardtops are a better investment, they only go up!
Gamestop is the next Blockbuster. Whatever games they play with the stock it will go back down to what little it's worth eventually. I have a brand new Miata hardtop in my garage, along with an old Miata and a 914. I like this investment portfolio better than bitcoins and penny stocks. All of it looks like funny money to me.
Now these guys are running a pump and dump on dogecoin and I am looking for more Miata hardtops, or more NA Miatas.
engiekev said:RH allowed 500 shares of GME total recently, Gamestop announced hiring Amazon vet as CTO, but not enough to keep GME out of a free fall. Not looking good for anyone still holding on.
In theory it could have another short squeeze, but it sure looks like the hedge funds, SEC, and brokers won on this one.
Never bet against the house. Better yet, stay out of the Casino.
Mr_Asa said:AWSX1686 (Forum Supporter) said:Mr_Asa said:AWSX1686 (Forum Supporter) said:Haven't read through this whole thing yet, have we covered the topic of DOGECOIN?
Briefly mentioned, not covered in detail. What you want to talk about?
Curious what people's thoughts are on it in general. I tossed a little bit of money towards it last night just in case Reddit does it's thing and gets it up to $1/doge.
Its a crypto coin like any other :shrug: Honestly not sure what else to say about it. I spent $50 buying it when it was about a tenth of a cent per coin.
The movement has been positive, and it has gotten attention from a lot of big people like Musk, but its possible its just another spike like there was somewhere around 2018.
I will say that if you buy, don't buy it from Robinhood. RH doesn't actually sell the coins, they sell kind of a marker that says "you own this coin" but you don't actually have the blockchain address of that coin. As such its more like a stock than an actual cryptocurrency. Not sure I explained it well, look into it if you're interested.
I've dug into Doge a bit more.
It was originally started as a meme, a joke almost. Because of this the supply is almost limitless, they just churn them out constantly. That means there are some good things and some bad things.
Good: Easy to buy LOTS when its low. It seems to have pretty dramatic surges every couple years. Means you could buy a huge amount and sit on it till it climbs, then dump it and make a decent amount of money. For example, if I had gone big and thrown $1000 at it when I first bought, I could sell now for $80,000 ish. If it didn't climb, you just wait. This also makes it easy to buy a lot of it over time. $50 every month till it jumps would be a decent return
Bad: Huge supply means not a lot of demand except artificial, there's no long term benefit to holding, it isn't like bitcoin or ethereum. I'm liking it less and less, I think it will pop sometime soon.
Mr_Asa said:Mr_Asa said:AWSX1686 (Forum Supporter) said:Mr_Asa said:AWSX1686 (Forum Supporter) said:Haven't read through this whole thing yet, have we covered the topic of DOGECOIN?
Briefly mentioned, not covered in detail. What you want to talk about?
Curious what people's thoughts are on it in general. I tossed a little bit of money towards it last night just in case Reddit does it's thing and gets it up to $1/doge.
Its a crypto coin like any other :shrug: Honestly not sure what else to say about it. I spent $50 buying it when it was about a tenth of a cent per coin.
The movement has been positive, and it has gotten attention from a lot of big people like Musk, but its possible its just another spike like there was somewhere around 2018.
I will say that if you buy, don't buy it from Robinhood. RH doesn't actually sell the coins, they sell kind of a marker that says "you own this coin" but you don't actually have the blockchain address of that coin. As such its more like a stock than an actual cryptocurrency. Not sure I explained it well, look into it if you're interested.
I've dug into Doge a bit more.
It was originally started as a meme, a joke almost. Because of this the supply is almost limitless, they just churn them out constantly. That means there are some good things and some bad things.
Good: Easy to buy LOTS when its low. It seems to have pretty dramatic surges every couple years. Means you could buy a huge amount and sit on it till it climbs, then dump it and make a decent amount of money. For example, if I had gone big and thrown $1000 at it when I first bought, I could sell now for $80,000 ish. If it didn't climb, you just wait. This also makes it easy to buy a lot of it over time. $50 every month till it jumps would be a decent return
Bad: Huge supply means not a lot of demand except artificial, there's no long term benefit to holding, it isn't like bitcoin or ethereum. I'm liking it less and less, I think it will pop sometime soon.
Good analysis! ETH is taking off, 450% in year 2020 and has a very good long term outlook. Crypto in general will attract more newer investors after the Robinhood debacle, and moving forward a likely lack of any accountability through the SEC.
I own ETH and BTC. They're doing well.
I also own stock in a crypto mining company, it's returns seem to average what a few of the big cryptos are doing.
Only a matter of time before a crypto ETF is offered, that will be interesting.
Snowdoggie (Forum Supporter) said:Gamestop is the next Blockbuster. Whatever games they play with the stock it will go back down to what little it's worth eventually.
If you followed any of it, you'd know that the r/wallstreetbets interest in Gamestop was never about the actual value of the company or a long term investment. It was about holding shares short term to catch all of the short sellers in a bind and skyrocket the price short term. It worked great for the early investors. It did not quite work for the late comers who bought in when the stock was priced in hundreds.
Now these guys are running a pump and dump on dogecoin and I am looking for more Miata hardtops, or more NA Miatas.
I have ridden the Dogecoin hype for the last two weekends, then sold before Monday market open. Doubled my money the first weekend and got a 50% gain on my sell yesterday. I don't hold Dogies, but have caught the buy/sell curve at the right point. They take up a lot less space than my two Boxster hardtops and three 914s and the gain is much quicker.
*I am not giving financial advice and expect that one day I will lose big on Dogecoins.
Decided to start an excel sheet with stocks I'm interested in, but for budget reasons are not ones I am going to buy. I'll check in on them in 2 week increments to see how they're doing.
Today:
RDFN - 85.39
NOVN - 1.52
ATOS - 3.80
TSNP - 1.77
CHMA - 4.50
Not today, but heard about it a week or two back
DNMR - 45.17 (decent jump here, up to 55.71 as of right now)
Since the stock is now back down below where it was 1/22, by definition the short sellers are back in the green
(compared to their position on 1/22 - anyone who was forced to transact of course did get screwed) and anyone who participated in the short squeeze and hasn't yet sold is in the red. I know GME could go back up but I personally doubt that will happen. I'd love to be surprised!
Still a big win for David over Goliath?
Honestly the real damage done is that so much news went out when the retail "investors" were up big and very little will go out at the end with the final score. Most people will remember this story as the time that reddit beat the stock market, and many people will have incorrectly "learned" that you can and should make stock bets based on what you see on reddit.
I don't know that they're in the green yet. You have to go a ways back, but I think as recently as October it was down to like $15 per share or less. Depends on how far out the shorts contract was specified I guess.
Mr_Asa said:I don't know that they're in the green yet. You have to go a ways back, but I think as recently as October it was down to like $15 per share or less. Depends on how far out the shorts contract was specified I guess.
Yeah totally if you sold the short before 1/22. My point was that anyone with a short position is better off today than they were on 1/22.
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