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Thread: Crypto-Stocks

  1. #13

    Default Re: Crypto-Stocks

    Quote Originally Posted by bmneveu View Post
    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?
    One share at $3000.00 with a 10% gain is the same return as a $3,000.00 investment in a $5.00 stock and owning 600 shares with a 10% gain. Buy the 800lb gorilla in the space regardless of price per share. Why I add to my Amazon position although it expensive.

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  3. #14

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    Default Re: Crypto-Stocks

    Quote Originally Posted by dhstdog View Post
    One share at $3000.00 with a 10% gain is the same return as a $3,000.00 investment in a $5.00 stock and owning 600 shares with a 10% gain. Buy the 800lb gorilla in the space regardless of price per share. Why I add to my Amazon position although it expensive.
    I agree. But I don't want to put that kind of money into crypto currency stocks right now. I have other money already in it and not interested in increasing that position by that much right now.

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  5. #15

    Default Re: Crypto-Stocks

    Which crypto stock did you buy? I'm always looking for new places to invest. Thanks

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  7. #16

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    Default Re: Crypto-Stocks

    I'm 7 for 7 in trading GBTC this year. My latest trade was the biggest, made over $7K in 2 days...I sold Monday morning when it was at $3,050 and was kicking myself a few hours later for selling.
    But boy am I glad I sold though, what a beating, down almost 50% from the peak in one day! These things are nuts and they've served their purpose for me and I'm staying away. My Roth IRA soared by well over 100% this year thanks mostly to GBTC (with other crazy trades like UVXY thrown in), but good riddance, I was so freaking lucky!

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  9. #17

    Default Re: Crypto-Stocks

    I bought some RIOT this morning for $30, where there was an open gap. It's down to $27 already after filling a lower gap near $25. There's yet another gap near $15 so watch out. Wild suckers.

    This is not an investment since these are not companies I know much about. I'm just looking for quick strikes on volatile stocks. Careful!


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  11. #18

    Default Re: Crypto-Stocks

    Despite my objections the whole way up, my wife held onto 3 shares of GBTC so she got the entire gain. This week she's paying the price for that buy hold. Still, she may have made more than me with my in and out trades.


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  13. #19

    Default Re: Crypto-Stocks

    Quote Originally Posted by tsptalk View Post
    I bought some RIOT this morning for $30, where there was an open gap. It's down to $27 already after filling a lower gap near $25. There's yet another gap near $15 so watch out. Wild suckers.

    This is not an investment since these are not companies I know much about. I'm just looking for quick strikes on volatile stocks. Careful!

    You

    You a crazy man or a genius! I'm to scared to buy that one.

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  15. #20

    Default Re: Crypto-Stocks

    Quote Originally Posted by dhstdog View Post
    You a crazy man or a genius! I'm to scared to buy that one.
    A little crazy, but I bought just 33 shares of that one so there wasn't too much at stake.

    GBTC is the one that has hurt after buying some at $2300 the other day, but fortunately it's up about 30% off this morning's lows. My wife is the crazy one as she buys and holds.

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  17. #21

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    Default Re: Crypto-Stocks

    Most of the companies taking hair cuts along with the currencies themselves today. Only one in the green that I see is GBTC, maybe because it was dropping over the last few days already and needed to consolidate.

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  19. #22

    Default Re: Crypto-Stocks

    What a wild day for most crypto-stocks, but especially GBTC, which is now up 13% on the day...

    An $850 spread between the high and low, looks to be trying to close at the highs.


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  21. #23

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    Default Re: Crypto-Stocks

    I bought a bunch of GAHC at 0.038 a share. I think this is the first "penny" stock I've ever owned. Tiny company. 23M market cap. I like the midterm chart .

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  23. #24

    Default Re: Crypto-Stocks

    Good luck! Some advice on that one. It seems to drift sideways to lower most of the time, then it gets a very quick sharp spike higher every once in a while, but it doesn't last long. You might want to put in a sell limit order at some price you think it could hit, because it's easy to miss that spike.

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