Should I wait for it to dip?

For Bitcoin I think that's a bad strategy, but IOTA is more volatile

i don't know a thing about that sorry

is this the crypto server?

Might as fucking well be

@NotVlast#6354 I've been watching iota for 10 months

Mad at myself lol @Jacob

But it was just in a dip

Idk if it is about to dip again but that price has been pretty stable

I stopped using coinbase they raised their fees through the roof

So I have to get a new bank account to use different platforms because my credit union is too small for most

@Goose Crypto is financial, no?

@Aeyannic_Order I might just wait a day and buy it if it doesn't dip

I wish I had put more than $100 in Litecoin

basically tripled my $$$

nice

what should we use besides coinbase?

Gemini was suggested to me. They have Bitcoin and Ethereum

Looks like the site isn't currently up

Could I make an altcoin moon by buying it and then shilling online? Would that even be ethical?

I could find some coin valued at $0.00001, buy up a crazy amount, and post about it all over 4chan and Reddit.

Alternatively, we can short a coin, get Anglin to endorse it, and buy the dip.

That's way more viable. We should use shorting to fund pro-white activism

That wouldn't ruin our reputation at all

dude gen Z kids would find it hilarious if we short some SJW company

Nod nod

@Jacob yes anglin should endorse a currency and call it the currency of the alt right and get it to dip and we buy lol

Does anyone know good resources to learn how to pick stocks?

check out the YouTube channel Ricky Gutierrez

join his group techbud solutions

its nice 👌

Thanks

Don't pick stocks.

Check out a quilt chart as to why. Stock picking for most is a fools gold and inefficient,

And shorting options should and can only be done by experts as it leaves investors vulnerable to incredible losses.

The goal is 10% growth in a diversified portfolio. That doubles your money every 10 years. Sure, get rich quick schemes work 1% of the time, but fail otherwise and all that capital is wasted.

Is it that hard to beat index funds?

Bitcoin is better termed petrodollars since it now takes 20 barrells oil to mine one bitcoin

Beating index is called Alpha, and it is difficult

Not impossible by any means, but requires a strategy

And generally, to add alpha, it is more efficient to use mutual funds or etfs

With bitcoins going to 100 barrel prices, I would sell and stay away

Why would it be so hard to find stocks that can at least slightly beat the market?

If it were that easy, everyone would be doing it...beating the market is basically saying beating company valuations...possible as a one off? Sure. Long term it has been shown not to work.

Valuations are done by very intelliegent people, experienced at what they are doing, and have far more info than 99.9% of investors

Yes, penny stock from the pink sheets could work out, but that is exceedingly rare

Everyone wouldn't be doing it because the stocks would become overbought, but, ya, some of those are good points

The first millionaire from the 49er Gold Rush sold the shovels ;-) True story.

Instead of buying Apple, maybe buy shares in the company that supplies Apple the compknents...that can build alpha

So, here's the thing. Index funds naturally are going to include some obviously shit stocks that drag down the average. So, would it really be that difficult to find something that is at the very least above average?

@Jacob I’ve been able to successfully pick individual stocks for years by watching price to earnings ratios. ETF’s that track broader markets are still your best option most of the time.

I'm not sure I'm agreeing with most of what's being said here... you absolutely can be successful picking stocks 😅

why are we acting like it's completely impossible to do technical analysis and have a successful swing trade lol

or even successfuly mitigate risk while capitalizing on momentum?...

while playing lower to mid cap things with more volatility and having trades that are on a shorter basis you're not going to win 100% of the time, nobody does. You need to have the proper entry and exit strategies so if you do lose (which you will) it's only 2-4%

but when you do win, it can be 3-30% percent or even more

like i said @Jacob join techbud solutions and go in the main voice chat during market open, that can be the best way to learn, just by observing

obviously Google and YouTube whatever you can too

and for the love of god (and your funds) before you even think about using real money... make sure you demonstrate to yourself that you actually can do this right with a papertrading account

Tfw threw $$$ into crypto and stocks without any research and have made a few hundred dollars

👎

Yeah, money sucks

whats this new currency im hearing about

iota or something?

IOTA isn't particularly new to my knowledge

There's probably a lot of shitcoins released every day

https://youtu.be/ivWqqfzunhI

@Jacob thats my concern. it seem like the .com bubble

i think the main cryptos will absorb the smaller ones

cryptos can't "absorb" each other

I heard that Bitcoin currently consumes the power equivalent of the island of Ireland, and in 9 months is projected to rival the United States. Does that worry anyone?

@John O That sounds unsustainable.

@DCViking exactly. The whole idea that the computing power required to complete each transaction rises exponentially is insane. It's something that occurred to me a year or two ago, but I just assumed I didn't really understand how Bitcoin worked. Now that other people are talking about it, I'm more confident that the whole thing is going to become worthless

@Jacob Is that how all crypto works, or just Bitcoin?

I mean, it's theoretically possible for some big brain developer to make that happen, but I don't see what the incentive would be to go through that whole shitshow

I'm trying to visualize how that would even work

Huh?

I'm not talking about absorption

I guess the Bitcoin code could be changed so that more Bitcoin is created, and those new Bitcoin could be split up and redistributed to the holders of the coin being "absorbed", and the one getting absorbed could subsequently be deleted.

oh okay

I'm talking about computing power

It sounds to me like it's either bullshit or overblown

It's not like Bitcoin transactions just hijack power from unsuspecting bystanders, the computers on the network have to supply that power

Large transaction fees are a problem, though, and I think Bitcoin will eventually be replaced by something with less insane fees and faster transaction

Of course not, but when the computing power required to complete one transaction is more expensive than the actual Bitcoin is when it will fail

oh, so I guess what you're asking is basically about transaction fees

ya those are an issue

It should not cost 16 fucking dollars to send money

More just the feasibility of an ever growing demand for power

Exponentially growing

I mean

People use whatever power they can suppy

So these Ireland comparisons are pretty dumb

Remember, here at IE, we care about per capita

But, yes, massive transaction fees are an issue

So I do think Bitcoin wil lose to something else eventually

If power demanded exceeds power supplied, the currency will crumble from lack of reliability

Which is the only thing a fiat currency has

Reliability

Like I said, some better coin will probably come long