Boiler Room: The Official Stock Market Discussion

[Deafheaven]

12 to 4 bucks, why u still holding?

My cost basis is 4.7

If this goes even back to 12-15 I hit a great lick.

The nikkas who bought in the ATH though


Also I truly believe in the company. They arent a scam, they are profitable and eventually they wont be shorted to death. When that day comes Ill be sitting pretty for holding

 

[Payday23]

institution investors are warming up to this space because they see the structure. it's no longer some nerdy hackers living in mom's basement shyt.
they understand the utility value and overall excitement globally. they are seeing the functional value which is critical because back then it was just a pure spec cuz they didn't understand WTF is blockchain was.

Tesla bought the BTC and ARK sees more and more companies acquiring BTC and altcoins. i feel like it's just getting started. yes there are ton of no name shyt i know nothing about. out of these .0005 crypto some shyt will rise and we all be like damn i should've bought that shyt for .0005 for 200000% gain.

Those shyt coins are like playing the lottery but losing 50-100 to potentially gain insane profits is worth that risk imo. Plus you can flip those gains to solidify your more stable projects. .

 

[Payday23]

this market got the nitrous oxide boosters on red...check 30 mins after opening, down 1700...check 90 mins after open, down 8700

 

[Insensitive]

I'm still reading the thread every day.
Haven't been posting in here lately, been preoccupied with other things.
Market seems to be pretty much trading sideways every other day.


I'm still locking in everyday and dropping that bag tho.

Hope everyone is doing well with their financial goals!

 

[GoldenGlove]

Legit took some of my buying money from my brokerage account and bought some ETH. I've been checking Gemini and Kucoin more than Yahoo Finance and my Schwab account this week.



Why fukk with 'growth' stocks when crypto is on fire you can build a position for far less? Yeah fukk that.

 

[Spidey Man]

Sq really needs to dip down a little closer to 220. I could use a few more shares

 

[winb83]

Legit took some of my buying money from my brokerage account and bought some ETH. I've been checking Gemini and Kucoin more than Yahoo Finance and my Schwab account this week.



Why fukk with 'growth' stocks when crypto is on fire you can build a position for far less? Yeah fukk that.

Because the growth companies getting crushed right now that are worth owning are on sale. If their fundamentals are solid they’ll more than recover over the long term.

Times like this is where the money is made. Buy what you believe in but chasing waves in the market will get you killed out there.

Palantir in say 5 years maybe it goes up 10x.
If you believe that it will be a $360 billion company it’s like under $20 right now. You put $10K in it today that’s $100K you could pull out then.

 

[dora_da_destroyer]

are crypto sales taxed the same re: capital gains?

 

[Mirin4rmfar]

at this point I don't think I'm buying the dip anymore. I'm just tossing money into the fire.

I am out of money to massively buy dips but bi weekly, I do set a side some money to keep buying over the long haul. Hopefully in 4-5 years I can win out beautifully. So as much as I hate the current state of things, I like that it gives me an opportunity to load up for the long run.

 

[NaijaProdigy Redux]

are crypto sales taxed the same re: capital gains?

Yes. Same long term / short term treatment

there are some nuances such as you can create a taxable event if you exchange it for goods or other crypto

 

[Slim]

Sq really needs to dip down a little closer to 220. I could use a few more shares

It's at 220...Earnings tonight though and no telling what it'll do AH.

But if you're long holding, you'll be good...I hope (for both of us)

 

[GoldenGlove]

Because the growth companies getting crushed right now that are worth owning are on sale. If their fundamentals are solid they’ll more than recover over the long term.

Times like this is where the money is made. Buy what you believe in but chasing waves in the market will get you killed out there.

Palantir in say 5 years maybe it goes up 10x.
If you believe that it will be a $360 billion company it’s like under $20 right now. You put $10K in it today that’s $100K you could pull out then.

Ok. And my point is, there's more than 1 way to make money. I didn't leave any position or sell any stocks, I bought the dip like everybody was doing, but I'm diversifying some funds into crypto (I already had bought into some coins in 2018 so it's not like I'm new to the space).

It's much more accessible now to more people than it was years ago...there's money to be made whether you're DCA in BTC and ETH, or find a project you believe in that's under a penny.

 

[thaKEAF]

Finally chuck the deuces to Robinhood and switched my stuff over to td Ameritrade.

 

[Spidey Man]

Picked up a few shares in sq and ipoe once they hit 220 and 15. Should be done nice upside over the upcoming year

 

[winb83]

Ok. And my point is, there's more than 1 way to make money. I didn't leave any position or sell any stocks, I bought the dip like everybody was doing, but I'm diversifying some funds into crypto (I already had bought into some coins in 2018 so it's not like I'm new to the space).

It's much more accessible now to more people than it was years ago...there's money to be made whether you're DCA in BTC and ETH, or find a project you believe in that's under a penny.

You asked the question why fukk with growth stocks right now and the answer is because this is the best time to do so.

What’s really going on is people are looking at stuff going down and they’re used to the last few years of everything always going up and they’re getting discouraged and looking for other avenues.

People are flooding into stuff that’s going up because that’s what they did in the stock market. That’s why Doge and all this shyt that did nothing for years suddenly people are buying. Just earlier this year ETC was well under $20 now it’s skyrocketed to about $150.

It’s always better to be early in the market than to be late. The question I ask myself is when ETC was $20 and I couldn’t care less about it why would I buy it now at $150. The answer is FOMO. I know from personal experience buying due to FOMO gets you wiped out more often than now because all this volatile stuff takes real conviction to ride out and FOMO is the opposite of conviction.