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Thread: Companies and Cryptocurrencies

  1. #37

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    Default Re: Companies and Cryptocurrencies

    Quote Originally Posted by bmneveu View Post
    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...
    I have said that if Bitcoin remains autonomous to international banking and it can be placed in a tax sheltered location, it will be used as a cash position out of the mainstream and held as an asset.
    THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
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  3. #38

    Default Re: Companies and Cryptocurrencies

    Just used coin tracking.info and loved it. Gave me a tax report and consolidated all my buys and sells for me in one spot. Appears I like to trade on Wednesdays. Which I found interesting and didn't realize.

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  5. #39

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    Default Re: Companies and Cryptocurrencies

    It’s a bloodbath out there today. Time to buy more? I like these prices!


    Sent from my iPhone using Tapatalk

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  7. #40

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    Default Re: Companies and Cryptocurrencies

    Well, if you wanted to get into AMD (maker of GPUs that mine coins) at a good price, yesterday was the day to do it. Up over 6% today on earnings report. Vendors can't keep GPUs stocked on shelves. NVDA is the other big player but their chart has gone straight up for the last 2 years with no time to breathe. I liked AMD because there's been some sideways action. I still think it's a good buy, but now there's 6% less to make on the play.

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  9. #41

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    Default Re: Companies and Cryptocurrencies

    Another big down day. Easy decision. DCAing in some more.


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  11. #42

    Default Re: Companies and Cryptocurrencies

    I agree, bought my last batch at a bargain basement price of 9800.00. (I thought) so I will be doubling down soon. I do like AMD and hold it in my long account with AMZN and SHOP. SHOP is a beast!

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  13. #43

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    Default Re: Companies and Cryptocurrencies

    Banks ban credit purchase of cryptocurrency due to risks
    https://www.engadget.com/2018/02/03/...pto-purchases/

    "If you use your Bank of America-, JP Morgan Chase- or Citigroup-issued credit card to buy cryptocurrency, then you'll have to find an alternative ASAP. According to Bloomberg, the banks have banned crypto purchase using their cards due to the virtual coins' volatile nature. BofA has already started declining credit transactions with known exchanges, though its debit cards aren't be affected by the ban. Citigroup also announced on Friday that it'll no longer process crypto purchases, while JP Morgan Chase's new rule will take effect today.

    ..."
    "In the land of idiots, the moron is King."--Unknown

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  15. #44

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    Default Re: Companies and Cryptocurrencies

    Quote Originally Posted by userque View Post
    According to Bloomberg, the banks have banned crypto purchase using their cards due to the virtual coins' volatile nature.
    But they don't mind if we use their cards to buy triple leveraged ETFs and penny stocks. Those aren't volatile at all!

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  17. #45

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    Default Re: Companies and Cryptocurrencies

    Quote Originally Posted by bmneveu View Post
    But they don't mind if we use their cards to buy triple leveraged ETFs and penny stocks. Those aren't volatile at all!
    Are you sure you can fund a US brokerage account via [any of those] credit cards?
    "In the land of idiots, the moron is King."--Unknown


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  19. #46

    Default Re: Companies and Cryptocurrencies

    Buying LSK this morning.

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