The Investment Thread (help with savings, stocks, retirement funds, etc.)

[snake911]

Originally Posted by 42graystreet

That dude fucks with crypto investors for sport.

Unreal. I wonder how many Tesla's had actually been purchased with BTC to even make the revocation of the option have any real world impact. I shouldnt be surprised that people react to things that have zero bearing on their situation.

[TypicalBilly14]

Meanwhile, as Coinbase preps for doge, Elon's favorite crypto is creeping back up to 60 cents.

[Route_2]

what's the best platform to buy crypto on?

[neumdogg]

Ok, just opened a Binance account. What crypto should I buy?

[snake911]

Originally Posted by neumdogg

Ok, just opened a Binance account. What crypto should I buy?

A proof of stake currency that earns you dividends. Makes it more like an investment vs speculation. Like... Algorand.

[zajDmB1]

I can make a post about staking maybe later tonight because most coins have the option, but the methods and costs vary greatly.

As a short answer, as much as I hate to say it after shitting on the coin and missing out on ridiculous gains, doge is probably a solid bet still, at least relative short term. Coinbase is going to list it soon so that should pump the price a touch for sure.

[BTBaboon]

https://finance.yahoo.com/news/musk-...192401769.html

Bitcoin slid below $45,000 for the first time in almost three months after the billionaire owner of the electric-car maker seemed to agree with a Twitter post that said Tesla should divest what at one point was a $1.5 billion stake in the largest cryptocurrency. It traded at $45,270 as of 5:51 p.m. in New York, down about $4,000 from where it ended Friday.

[Tiduwho]

Remember when everyone hated George Soros for manipulating and breaking the British Pound?

Compare that to the weekly manipulation of the crypto market by Elon.

[BTBaboon]

Originally Posted by Tiduwho

Remember when everyone hated George Soros for manipulating and breaking the British Pound?

Compare that to the weekly manipulation of the crypto market by Elon.

Points out the need for regulation in the crypto market. And that won’t be good for crypto, either.

[Benny003]

Use at your own risk standard disclaimer, but a company called Scynexis is worth watching. They have developed a product to treat yeast infections that should be getting FDA approval within 2 weeks or so. My dad who does a lot of day trading tipped me off to this last month. Stock has been hovering around $7 to $9 for a while, but all expectations from the people watching are that it should get into the $25 range or more once it breaks out.

https://stocktwits.com/symbol/SCYX

[Timebomb07]

Originally Posted by Benny003

Use at your own risk standard disclaimer, but a company called Scynexis is worth watching. They have developed a product to treat yeast infections that should be getting FDA approval within 2 weeks or so. My dad who does a lot of day trading tipped me off to this last month. Stock has been hovering around $7 to $9 for a while, but all expectations from the people watching are that it should get into the $25 range or more once it breaks out.

https://stocktwits.com/symbol/SCYX

I'm interested... digging a little deeper on this.

[AJF_41]

Originally Posted by Benny003

Use at your own risk standard disclaimer, but a company called Scynexis is worth watching. They have developed a product to treat yeast infections that should be getting FDA approval within 2 weeks or so. My dad who does a lot of day trading tipped me off to this last month. Stock has been hovering around $7 to $9 for a while, but all expectations from the people watching are that it should get into the $25 range or more once it breaks out.

https://stocktwits.com/symbol/SCYX

looks interesting. no debt.
also, no revenue really today..

9 banks cover stock, all have 'buys' on it...price targets between $15 and $30-40.

[Timebomb07]

Fuck it - I'm in. Hopefully PDUFA can provide a nice bump. If not, feels like this isn't going to tank from where it is currently.

[Benny003]

Another sale on GMGI today. Not sure what to make of that one. Seems like everything is hinging on getting uplisted to Nasdaq.

[UCFish]

Originally Posted by Benny003

Use at your own risk standard disclaimer, but a company called Scynexis is worth watching. They have developed a product to treat yeast infections that should be getting FDA approval within 2 weeks or so. My dad who does a lot of day trading tipped me off to this last month. Stock has been hovering around $7 to $9 for a while, but all expectations from the people watching are that it should get into the $25 range or more once it breaks out.

https://stocktwits.com/symbol/SCYX

Will grab some of this tomorrow.

[Timebomb07]

I'll take the nice little 4.6% jump for SCYX today!

Also... AMC is going nuts. Pushing 10% in after hours as of 6:00p ET

[zajDmB1]

$71 away from breaking even on AMC

Threw $100 at SCYX...down .36. Rough

[Timebomb07]

Up 128% on AMC, but I'm still being greedy...... for a 3rd time.

[Benny003]

I'm not expecting SCYX to be a rocket ship over night. I'm expecting to be holding it into the summer and see what's happening. If it actually does move up to where it's expected to go (mid-20's), then I'll be watching to see if it holds or if it has more legs before making any moves. I'm going to be patient with it. I first bought in last month and I doubled my holding in it today based on the increased confidence that FDA approval is coming.

[drakan]

Big short guy short Tesla.

https://www.cnbc.com/2021/05/17/mich...nst-tesla.html

[zajDmB1]

For crypto folks, I'd watch for the correction on MATIC and toss some money in there. In theory, once ETH2 actually launches, Polygon/Matic will be the mechanism that makes Ethereum transactions actually cheap for once. And since people are VERY bullshit on Ethereum right now, MATIC is getting boosted. I'm sure it won't stay up here but I'm up $4k today from buying in at .40.

[Timebomb07]

Originally Posted by zajDmB1

For crypto folks, I'd watch for the correction on MATIC and toss some money in there. In theory, once ETH2 actually launches, Polygon/Matic will be the mechanism that makes Ethereum transactions actually cheap for once. And since people are VERY bullshit on Ethereum right now, MATIC is getting boosted. I'm sure it won't stay up here but I'm up $4k today from buying in at .40.

Correction down to what? Currently sitting at $2.52.

[Foreverford05]

What Platform are you buying on?

[zajDmB1]

Originally Posted by Timebomb07

Correction down to what? Currently sitting at $2.52.

No fucking idea ...wish I did. It weathered the past week of market being down very well, and today it launched on 2 exchanges, which from my (limited) experience means a day uptick then dropping a bit. But there’s a lot of chatter about it so who knows.

Originally Posted by Foreverford05

What Platform are you buying on?

CB Pro, but I’m in NY so have limited options. Might be the lowest fees though anyway, not sure.

[TypicalBilly14]

Originally Posted by zajDmB1

For crypto folks, I'd watch for the correction on MATIC and toss some money in there. In theory, once ETH2 actually launches, Polygon/Matic will be the mechanism that makes Ethereum transactions actually cheap for once. And since people are VERY bullshit on Ethereum right now, MATIC is getting boosted. I'm sure it won't stay up here but I'm up $4k today from buying in at .40.

can you buy on Robinhood?

[zajDmB1]

No, Doge is the only alt coin that RH has.

Buying crypto on RH isnt even that good an idea unless you plan on day trading it to some extent, because most cryptos you can stake and/or earn interest on in other ways and I'm pretty sure you can't move them off of RH. Could be wrong, though.

[Tiduwho]

Ok, now that there has been a nice wipeout in crypto, going to start buying across the main players again. I had bought when BTC was around $38k before Elon's announcement. Sold most after BTC hit $55k. Will start putting some money back in, and add more if it all keeps falling.

[Tiduwho]

If I wanted to finally look at a regular crypto platform to throw a few bucks, what are the best recommendations? Coinbase still considered the gold standard? I looked into Binance and I believe I had location issues, geo-fenced or something. Not sure if that is still true.

What's the best platform to play the crypto ponies?

[Foreverford05]

I too would like to know what the general population here is using for their gambling money. I'm really trying to stay away from Robinhood

[UCFish]

Originally Posted by Tiduwho

If I wanted to finally look at a regular crypto platform to throw a few bucks, what are the best recommendations? Coinbase still considered the gold standard? I looked into Binance and I believe I had location issues, geo-fenced or something. Not sure if that is still true.

What's the best platform to play the crypto ponies?

I use Binance Kucoin (primary) and CP Pro.....feel like there is stuff on Uniswap I want at times too.