Ontopic UF Trade / Stock Thrad

Mr. Argumentor

Will Argue for Tacos
Sep 27, 2012
52,032
23,952
723
Tampa-ish
Steam
asastang
Should have held onto MT for a while longer. Bought at 15-20ish, MT got bought by (I think) CLF, and now there is a stock buyback going on. Made a nice profit on it when I sold, but the buyback has already gone higher than my sell price and they've just started.
 
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Mr. Argumentor

Will Argue for Tacos
Sep 27, 2012
52,032
23,952
723
Tampa-ish
Steam
asastang
How does everyone feel about ADA/cardano?
In general, I'm super burnt out on crypto. Market is too saturated and its too hard to separate the shitcoins from the good ones before they start climbing. That being said, its done some interesting stuff this past year or so. Haven't been following it closely enough to know if it is going to keep going, though
 
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wetwillie

Know-It-All Pee-Paw
May 24, 2018
19,796
19,479
323
62
Mid MIchigan
How does everyone feel about ADA/cardano?
It's a step in the right direction, using proof of stake(POS) instead of proof of work. I have some.
1/10 the market cap of Bit but volume that is 1/3 of BIT. More buyers than sellers. I'm hoping BIT and Ethereum(#2) both fall, then Cardano will be the largest for POS platforms.
 

Mr. Argumentor

Will Argue for Tacos
Sep 27, 2012
52,032
23,952
723
Tampa-ish
Steam
asastang
GME has gone from $159 to $215 in 10 days.
AMC has done similarly, $34ish to a peak of $46ish in five days, small dip over the next five, now climbing again and at $44.90ish
 

Mr. Argumentor

Will Argue for Tacos
Sep 27, 2012
52,032
23,952
723
Tampa-ish
Steam
asastang
So the Chinese residential company Evergrande is something like 300 billion in debt, and the debts are due tomorrow. Everyone is dumping their stock and it is crashing everything. Additionally it is a Chinese holiday today and yesterday, so they can't do anything to sell off positions and such to try and make that money back.

My portfolio is down roughly 7% since Friday at close. The market should correct if it doesn't set off any short squeezes.

Long story short, everything is on sale right now.
 

Domon

Robotic Dexter
May 19, 2011
48,780
29,866
823
thinking to spread a bit of cash thats earning nothing in the bank between ERGO, ADA, and VET (if i can find a place to buy VET) for long term investment. like just let it sit there for 3-5 years min

I suppose I should also invest in one of the big ones ETH or BTC, but it seems that once you put money in ETH its stupid expensive to get it out due to the ridiculous gas fees.
 

Jehannum

HO HO HO METH GIANT
Jul 24, 2013
43,743
44,833
723
41
Albuquerque, NM
thinking to spread a bit of cash thats earning nothing in the bank between ERGO, ADA, and VET (if i can find a place to buy VET) for long term investment. like just let it sit there for 3-5 years min

I suppose I should also invest in one of the big ones ETH or BTC, but it seems that once you put money in ETH its stupid expensive to get it out due to the ridiculous gas fees.
If you buy crypto, then you're openly admitting that you don't give two shits about climate change.
 
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Valve1138

I eat my own poo with a spoon
Oct 19, 2004
43,648
16,257
823
South Harmon Institute of Technology
No way man, he’s super cereal about it.

al gore internet GIF
 

wetwillie

Know-It-All Pee-Paw
May 24, 2018
19,796
19,479
323
62
Mid MIchigan
If you buy crypto, then you're openly admitting that you don't give two shits about climate change.
relax, that shit was transitional. Your people have come up with better ways to do crypto. But I agree, Domon's individual machine is part of the current energy-hogging way of the crypto. Shit needs to go all proof of stake, proof of authority. Proof of work is a minimum wage job that chews through tons of electricity - but it got things rolling.

Daemon would have been so much classier, imo.
 

Domon

Robotic Dexter
May 19, 2011
48,780
29,866
823
fuck me, its hard to get money into Kraken. Coinbase makes it easy with ACH, but then rapes you in the long run on lack of staking, fees, etc

wire transfer looks best, but thats a big pain
 

Jehannum

HO HO HO METH GIANT
Jul 24, 2013
43,743
44,833
723
41
Albuquerque, NM
relax, that shit was transitional. Your people have come up with better ways to do crypto. But I agree, Domon's individual machine is part of the current energy-hogging way of the crypto. Shit needs to go all proof of stake, proof of authority. Proof of work is a minimum wage job that chews through tons of electricity - but it got things rolling.

Daemon would have been so much classier, imo.
Neither ETH nor BTC fall into that category of energy efficient crypto.
 
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