GAME05
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Everything posted by GAME05
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Just pulled everything out of Coinbase and will be switching to Binance, but will need a lot of Youtube videos to figure out how Binance works. It also double-deposited, so I'm glad I started with test money. Really hesitate to move things around on Fidelity for my real stocks. I'm really just selling low, as they've mostly all lost the big gains they made from January. But with two more money giveaways along with a likely increase to the corporate tax, I'd like to move into something more recession-resilient or betting on the downward trend. Just what that'll be, I don't know yet.
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Grayscale has halted the sale of their bitcoin ETF because their shares are tracking at 15% below the value of actual Bitcoin. They haven't stopped their Ethereum yet but it's been about the same.
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$500 for the box and $100/mo for the service. Definitely higher than your average service. It was $100 just to get my name on the first-served list when it does come here.
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Since I mentioned "The Detectorists," "Black Books" is another short-run British series that's worth watching.
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Sounds like we're talking about the same basic thing. This is the video which refers to it and that similar past correction: Though I'm kinda souring on that channel as it's a lot of "100x gains!" and "parabolic" and such. And I think largely he pushes whatever new crypto daily because he's already purchased it and his viewers will give it that little bump. I've considered buying whatever he says, taking that little bump and then selling the next day, but it requires buying stuff not for sale on Coinbase and storage gets more complicated off that site. I have a blockchain ETF that I bought at the exact wrong time, and have the Grayscale etherium ETF, but I'll have to compare Grayscale to the regular Coinbase version, as I suspect some of crypto's gains are depressed a little in the Grayscale ETF. Planning on holding onto Vale, a big nickel miner out of Brazil. Mostly waiting on them getting some big contract with an EV company. Despite them recently allowing a dam to break and kill people, they've also been putting a lot of money into environmental standards, and compared to other nickel miners they seem to be the most environmentally friendly miner to capture contracts from EV companies which also want to promote the environmental nature of their product. But crypto otherwise seems to be a good choice if one buys into the idea of coming inflation and a market correction. That or buy the dip in Apple, I guess.
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I thought that was more just a British thing, that they liked to do a lot of short-run shows. Of course the downside is shows like "The Detectorists," which you wish could run a lot more years. Great little series.
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Sure glad I at least took some money out a few weeks ago to pay bills. Because yikes. Pro-crypto folks are racing to point out that this drop is identical the the one that happened four years ago before it all really raced up in value. For whatever reason crypto is supposed to be on a four-year cycle, but still, all I could think watching those videos is "So you're telling me that past performance is indicative of future results?"
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That's a great show and an even better movie. Speaking of most-all-improvised, The League is still on Hulu, which I recently re-watched. Another great one and really makes you want to play fantasy football. Having a Shiva and Saco trophy for the winner and loser is a great idea. And the way they handled the Pete character at the end was a really nice touch. Paul Scheer is one of the best improvisers out there.
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Superstore is an odd show. When it sticks to what it does it can be really funny. But particularly this season some of the episodes can be sooooooo preachy to be unwatchable. It's flipped the script to where Jonah has become the reasonable, grounded character and everyone else is Jonah.
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Friend of mine had the Wii with his three young kids. I asked him why he chose that console and he said there's handicaps built into the games and so he can still try as hard as he can yet the final result is always close. I would presume that feature is built into the Switch, too.
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I read somewhere that for every PS5 they're selling, they're only selling 0.3 PS5 games. Looks like lots of people are buying 20 consoles at a time and then trying to re-sell them for $1000.
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I am, but they're still going for $275 at Gamestop, and that's pretty ridiculous when a Digital PS5 is $400. But maybe once Playstation stops doing this artificial scarcity with the new system, used PS4 prices will finally drop. I'm in no big hurry. "For Jackbox games, you can also get a Steam account (they are free). It runs on a PC and maybe other platforms (I use a PC)." Yeah that's been a consideration. Of course only after I'd paid for the streaming stick tv version. Once PS4 prices drop down to normal levels it'll be worth the slight additional cost because in front of a video game system is a more comfortable environment for everyone than in front of the computer.
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Want to get a PS4 for my brother. The parents live nearby him. That way we can all play Jackbox Party Pack together. It would be a fun family kinda thing. But it looks like with PS4 backstocks low the price on them is too high to be worth buying. I may end up getting a PS5 just so I can send my brother my current PS4, at least when stocks of the PS5 become available. I don't really want a PS5, though.
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Oof. I'm down 11% yesterday and -13% so far today. BNGO got downgraded and that cost me. And then Elon Musk opens his big mouth and says crypto is high-priced.
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Through my job I've known a few couples who managed to RV long-term, but it's very few. And a good-sized RV can be really expensive, too. And if you're thinking of camp-hosting in National Parks, get on that waiting list about 10 years in advance. I was told by a long-term RV couple that the key is to get a hobby or other regular activity and leave for good periods of the day.
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My father told me he's getting four calls per day to sell his house in Scottsdale and it's not even on the market. But they don't have any real need for the money, so they won't be selling it despite being able to get a stupid price for it. But it'll be on the market five minutes after they die or else go toward nursing home costs.
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Whoever you're using for your current retirement savings will be able to roll your old one into your new one. That way your money never actually leaves the IRA and you don't pay that withdrawal penalty on it. Your current company's website should have a link that says something like "Roll over an existing plan" or otherwise you can call them with your old company and account number in hand and they'll do it for you. It won't take long to do.
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In between a week of rain and an upcoming week of rain, it was short-sleeve weather here in the Carolinas at least just for today. Not sure how I needed 10 hours of sleep each of my two days off, but apparently I did. Sure felt nice, though.
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Jaws ruined cinema.
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I definitely agree on the cyclical nature of it. Plus the alternatives don't make near as much sense. Suddenly staying on some high plateau ignores its price history, and I think it's also safe to say it has some sort of value even if it is difficult to wrap your head around. One guy I watch is Dante Aches Crypto (one word), who talks a lot about the cycle and is always reminding people not to hold forever and see their earnings disappear in the dip. Plus I just put more trust in that perspective more than any "to the moon" or "it's rat poison" predictions. I just haven't been able to wrap my head around whether this cycle is predicated on timing (whatever Etherium 2.0 is I have no clue) or more a matter of dipping after it hits some price-point. Either way, Bruce, I think your idea of a slow withdrawal is the smartest one and I'll plan on doing the same. I'm thinking around late summer is when I'll start to pull back. At least that's the timeline people seem to be talking about.
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Those aren't more Sesame Street videos, are they:)
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For some reason which I couldn't really wrap my head around, crypto seems to work in four-year cycles of climbing and falling. Assuming it happens again, Q2/Q3 will be right around peak time and where I'll be looking to jump out until everyone starts talking about how crypto is dead, at which point I'll jump back in. Though it's funny I've heard someone in the same interview first say "Oh Bitcoin price will stabilize because big investors are jumping in" and then two seconds later say "Buy now because the big investors aren't in it yet". Ellio Trades is a popular youtube channel where he over-hypes something new every day. But his recommendations also do see a bit of a bump from all his followers jumping on board. But the places to buy the weird/obscure ones are complicated and I've heard some warnings as far as leaving your money sitting there making it open to hacking/theft. So right now the process is too complicated for me. Plus I don't know if I trust having any real amount of money on some usb stick.
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You could always put a sell stop order in. For example if you bought stock A at $50 and then it runs up to $75 a share you could put a sell stop order in at $75 and if the stock keeps on going up it won't trigger but once it gets within a few fractions of $75 it will trigger that sale thus locking in your $25 per share gain. Kinda slapped my forehead in reading that:) Thank you for that advice. Yeah, no reason I couldn't set up a trailing stop order with anything.
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Melvin Capital is on the hook $1 billion for every $7 increase in GME.
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I had some throwaway money so gambled on an OTC penny stock. 0.04 to 0.09 that day and then I jumped out. So now obviously I've convinced myself that they're always a winning bet /s. Of course it's at 0.4 now. I don't have fear of missing out so much as I often have regrets about getting out and then seeing it go up.
