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Thread: Companies and Cryptocurrencies

  1. #25

    Default Re: Companies and Cryptocurrencies

    Quote Originally Posted by bmneveu View Post
    I really don't think it will ever drop below $9,700 again. That was the bottom of the final plateau in November before the big December blast off. I think that's our true floor, but that's because I'm a believer. There are lots of people out there that think this is all worthless and it will eventually go to $0. I think that is crazy.
    Don't look now but it is below 9700. Waiting for a re-entry point.

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  3. #26

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    Default Re: Companies and Cryptocurrencies

    Quote Originally Posted by bmneveu View Post
    I really don't think it will ever drop below $9,700 again. That was the bottom of the final plateau in November before the big December blast off. I think that's our true floor, but that's because I'm a believer. There are lots of people out there that think this is all worthless and it will eventually go to $0. I think that is crazy.
    Ate my hat on that one, but we haven't seen a close below that level yet either so maybe I'm still safe? It looks like just a quick tail below the floor. Bounce, bounce bounce.

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  5. #27

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    Default Re: Companies and Cryptocurrencies

    So I just discovered "Changelly." It's an exchange service that accepts USD. So kind of like Coinbase, except they don't have the wallet feature that Coinbase does.
    This is great for anyone that wants to get into crypto that lives in a state that Coinbase blocks from using their service (Wyoming, Hawaii and Minnesota from what I see on Google).

    Changelly


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  7. #28

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    Default Re: Companies and Cryptocurrencies

    This is a quick video on how to get started at Binance buying and trading crypto currencies. Just the basics. Easy to follow.


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  9. #29

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    Default Re: Companies and Cryptocurrencies

    Ratings firm issues first grades on cryptocurrencies, gives "B" as highest grade to Ethereum and EOS. Bitcoin gets a "C+." None of 74 cryptos graded got an "A."

    https://www.cnbc.com/2018/01/24/weis...n-bitcoin.html

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  11. #30

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    Default Re: Companies and Cryptocurrencies

    Coincheck was hacked this morning. The Japanese crypto exchange lost all of their NEM holdings, valued at appx $500M. Luckily it looks like the thiefs only had access to that coin for some reason. Or the exchange was able to shut things down before the thieves could take anything else. NEM is working with Coincheck to track down the wallets that the coins transferred to in an attempt to return them to their previous owners.

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  13. #31

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    Default Re: Companies and Cryptocurrencies

    Robinhood is about to change the game for crypto investors. Stocks and crypto all in one place, "no fee" trades, transfers and purchases. I'm on the waitlist, but it sounds like it won't be available for my state initially.

    https://www.cnbc.com/2018/01/26/huge...-a-bubble.html

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  15. #32

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    Default Re: Companies and Cryptocurrencies

    Quote Originally Posted by bmneveu View Post
    Coincheck was hacked this morning. The Japanese crypto exchange lost all of their NEM holdings, valued at appx $500M. Luckily it looks like the thiefs only had access to that coin for some reason. Or the exchange was able to shut things down before the thieves could take anything else. NEM is working with Coincheck to track down the wallets that the coins transferred to in an attempt to return them to their previous owners.
    That's another thing that scares me about Cryptocurrencies a hacker can steal your money out of their banks without breaking into the Safe.



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  17. #33

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    Default Re: Companies and Cryptocurrencies

    An indirect way to play the crypto space from the stock market would be to buy shares of the big graphics card makers, NVIDIA and AMD, which are used to mine coins. Stores can't keep the shelves stocked. They go quick.

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  19. #34

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    Default Re: Companies and Cryptocurrencies

    Quote Originally Posted by nnuut View Post
    That's another thing that scares me about Cryptocurrencies a hacker can steal your money out of their banks without breaking into the Safe.
    This applies to 'normal' 'bank accounts' as well. The real difference is that cryptos may not be under the FDIC.

    INVESTOR ALERT: BITCOIN AND OTHER VIRTUAL CURRENCY-RELATED INVESTMENTS
    May 7, 2014
    https://www.sec.gov/oiea/investor-alerts-bulletins/investoralertsia_bitcoin.html

    Investments involving Bitcoin present unique risks.
    Consider these risks when evaluating investments involving Bitcoin:

    "...

    Not insured. While securities accounts at U.S. brokerage firms are often insured by the Securities Investor Protection Corporation (SIPC) and bank accounts at U.S. banks are often insured by the Federal Deposit Insurance Corporation (FDIC), bitcoins held in a digital wallet or Bitcoin exchange currently do not have similar protections.

    ..."





    Coinbase is NOT FDIC insured self.CoinBase
    Submitted 1 month ago
    https://www.reddit.com/r/CoinBase/co..._fdic_insured/

    "I spoke with the FDIC yesterday. They confirmed that Coinbase is NOT FDIC insured. The Coinbase website states that funds "may" be FDIC insured. The FDIC told me this means that the funds may be insured if Coinbase deposits them in an FDIC insured institution. According to this logic, we're all just as FDIC insured as Coinbase claims to be. More misrepresentation by Coinbase. Shameful.

    ..."
    Last edited by userque; 01-29-2018 at 04:07 AM.
    [COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]

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  21. #35

    Default Re: Companies and Cryptocurrencies

    Quote Originally Posted by tsptalk View Post
    GBTC announced a 91 for 1 stock split, making at about $20 a share if split at Friday's price. The split will take place on Jan 26.

    https://www.yahoo.com/news/popular-b...153517999.html
    The split is in....

    https://finance.yahoo.com/quote/GBTC?p=GBTC
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.

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  23. #36

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    Default Re: Companies and Cryptocurrencies

    Will crypto react inversely to a stock market drop when investors look to put their money in other assets? Like gold and bonds? It's not the safe haven that they are, but it is another investment vehicle option like they are. Just a thought...


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