This is not financial advice nor investment recommendations. It's a list of some stocks, some of which have been mentioned in other crypto-currency threads, related to blockchain and / or cryptos. They have been moving wildly lately and could provide good short-term trading opportunities on the long and short side.
If you know of any, please post here. Thanks!
ACN
CRCW
GAHC
GBTC
LFIN
OSTK
RIOT
Again, not investment recs, just possible trading vehicles. I've been in and out of a few of them over the last few months.
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.
CRCW was suspended by the SEC today.
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Another crypto warning from the guy who was shorting GBTC at $1000 a few weeks ago, which is now over $3000.
Be careful shorting these. It reminds me of trying to short internet stocks in 1999. You got slaughtered, no matter how right you were eventually.
https://www.cnbc.com/video/2017/12/1...ed-target.html
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.
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.
If I had to pick one of these to put money in, which would be the best bet? I don't want to drop $3,000 for one share of GBTC, so which of the others is the most solid?
I guess it depends on if you want to invest in a crypto-currency, or a blockchain technology stock. Not that I have the answer, but it may narrow your choices.
GBTC is invested in the cryptos where someone like RIOT is trying to become a blockchain company, although they are being exposed for possibly overstating their abilities.
Overstock may be the most credible of the bunch as far as having a successful track record at something, although ACN looks solid too. The bigger the risk, the bigger the possible gains ... or losses.
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.
Ripple USD (XRP-USD)
Ripple is a crypto-currency, not a crypto stock, but yeah it's time we gave the alt-currencies their own thread so I will copy your post to a new thread.
Alternative Crypto-Currencies
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.
GBTC was over $3500 at yesterday's highs before closing near $3000. Today it pulled back below $2300 temporarily. Whether you love or hate cryptos, the trading is great.
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.
The blockchain / crypto related stocks are getting hit hard lately.
Here's a few more to look at:
GROW
MARA
HIVE
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.
I tried to short LFIN this week and RIOT last week on my Ameritrade account. Was rejected and I couldn't short either! Option puts were sick spreads and low to no volume. I definately will not be buying either. I do own GBTC and have dry powder if another dot com. Presents itself.
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