Boiler Room: The Official Stock Market Discussion

Spree At Last

Spree At Last

All Star
Joined
May 1, 2012
Messages
1,405
Reputation
310
Daps
3,564
dora_da_destroyer said:
what the hell is crypto - like where is it being used? i feel old AF for still not understanding it, but i'm just like what are people buying with it - where is it's value derived from? is it easy to trade like stock? like can i easily sell out of it if i get my 30% and want to exit?
Click to expand...
I view bitcoin in particular as an alternative to stores of value like gold and silver. Its value seems mainly derived from scarcity and also because a huge number of people and institutions think it has value. It is also a very reasonable choice to diversify a stock heavy portfolio, as it does not necessarily correlate with the market. You can check out exchanges like coinbase or gemini which make it super easy to buy and sell (yes, it's just as liquid as stocks).

I personally own ethereum as well, which has more potential to be used in decentralized applications like offering loans without involvement of a bank. You can also "stake" your ethereum to earn interest on it without doing anything (currently 11% apr), which I've been happy with.

I don't mess around with any other cryptos as they arent as well established and feel more like penny stock level gambling. But I'm sure many ppl here have hit big on some of those.
 
dora_da_destroyer

dora_da_destroyer

Master Baker
Joined
May 1, 2012
Messages
65,029
Reputation
15,922
Daps
266,219
Reppin
Oakland
Eric Brooks said:
Y'all don't think IPOE will have the typical SPAC trajectory? I.e. huge pop, then sold off some, and then spike later?
Click to expand...
possibly, but people know SoFi, they could IPO traditionally and be a 50-70 stock, i think more investors than ever are going to hold

Anyway, sold BFT to get into IPOE :pachaha:
 
Kal El

Kal El

All Star
Joined
May 18, 2012
Messages
2,860
Reputation
440
Daps
11,896
Reppin
USA
Kal El said:
for example, I got into IPOD/IPOE/IPOF at 10.50 and under. None of them have a target yet, so they aren’t going to pop like other spacs have yet. But I’m already up 15-25% on all of them and they’re essentially savings account that could pop once Chamath announces a target sometime this month.
Click to expand...
IPOD/IPOE/IPOF “savings accounts” paid off after only a month :whew:
Kal El said:
IPOD/IPOE/IPOF are all at the same price or higher than IPOC WITHOUT a target.

I’ve got money parked in all of them with hopes that Chamath finds more appealing target than he did with IPOC.
Click to expand...
And he did :blessed:

in Chamath we trust
 
Last edited:
Majestic

Majestic

Believe in myself and the Coles and Kendricks
Joined
Dec 27, 2016
Messages
9,780
Reputation
2,080
Daps
35,069
Scholar said:
Imo we due for a correction
Click to expand...
not copping anything until february. fomo and chasing stocks on a green day can be disastrous. there's a chance joe will issue a country wide lockdown to deal with the rising of cases, and after yesterday with all the people out that makes it even worse. markets will surely tank if that happens and states go along with it. japan just declared a state of emergency, and they're not doing as bad as usa.
 
Last edited:
mr. smoke weed

mr. smoke weed

Smoke Album Done......Wait n See #SmokeSquad
Resting in Peace
Joined
May 1, 2012
Messages
27,316
Reputation
3,820
Daps
52,059
Reppin
Chi
Majestic said:
not copping anything until february. fomo and chasing stocks on a green day can be disastrous. there's a chance joe issue a country wide lockdown to deal with the rising of cases, and after yesterday with all the people out that makes it even worse. markets will surely tank if that happens and states go along with it.
Click to expand...
Nahhhhhhhhhhh they won't

PLAY went from $4 in March to $30 now, and Dave and Busters ain't even open :mjlol:

Fed gonna stop a crash
 
You must log in or register to reply here.
Top