OT: Bitcoin, Altcoins, NFT's & All Things Crypto

[RU-05]

Good day to buy HUT??? or will there be a further drop. Today's drop seems to be on the news of a secondary offering. For most companies, drop on secondary offering is usually a buying opportunity, but this stock has more than 10x in 1 year and doubled in the past 2-3 months.

Just checking the fundamentals but Hut has generated more revenue and had better earnings then Mara over the last 3 years, as well as more recently. Yet it's about 1/3 the market cap (1.3b vs 3.7b)

Similar can be said Hut vs Riot.

So relative to the 2 big players in the space HUT looks way undervalued. Now the market is fwd looking so are RIOT and MARA better positioned for future earnings, perhaps they have more miners which will generate more BTC? Or maybe being Canadian HUT was just overlooked while the money piled into the US miners?

But it does look cheap, and if BTC continues to go up so will HUT, and it did bounce back a couple percent in extended trading.

I'm in it, and I'll prob add more tomorrow.

 

[rurahrah000]

Just checking the fundamentals but Hut has generated more revenue and had better earnings then Mara over the last 3 years, as well as more recently. Yet it's about 1/3 the market cap (1.3b vs 3.7b)

Similar can be said Hut vs Riot.

So relative to the 2 big players in the space HUT looks way undervalued. Now the market is fwd looking so are RIOT and MARA better positioned for future earnings, perhaps they have more miners which will generate more BTC? Or maybe being Canadian HUT was just overlooked while the money piled into the US miners?

But it does look cheap, and if BTC continues to go up so will HUT, and it did bounce back a couple percent in extended trading.

I'm in it, and I'll prob add more tomorrow.

I’ll buy tomorrow as well

 

[T2Kplus20]

Just checking the fundamentals but Hut has generated more revenue and had better earnings then Mara over the last 3 years, as well as more recently. Yet it's about 1/3 the market cap (1.3b vs 3.7b)

Similar can be said Hut vs Riot.

So relative to the 2 big players in the space HUT looks way undervalued. Now the market is fwd looking so are RIOT and MARA better positioned for future earnings, perhaps they have more miners which will generate more BTC? Or maybe being Canadian HUT was just overlooked while the money piled into the US miners?

But it does look cheap, and if BTC continues to go up so will HUT, and it did bounce back a couple percent in extended trading.

I'm in it, and I'll prob add more tomorrow.

MARA and RIOT having a larger market cap because they had Nasdaq listings during the first phase of the crypto bull cycle. I really think this is it. Speaking of which, why did HUT dump today?

 

[RU-05]

MARA and RIOT having a larger market cap because they had Nasdaq listings during the first phase of the crypto bull cycle. I really think this is it. Speaking of which, why did HUT dump today?

1)So name recognition? That makes sense, but still I would think the fundamentals would eventually overtake that. Which is probably what this recent upward move has been about.


2)Stock offering.

 

[T2Kplus20]

1)So name recognition? That makes sense, but still I would think the fundamentals would eventually overtake that. Which is probably what this recent upward move has been about.


2)Stock offering.

I would like to find another long hold crypto stock. Not sure if I have such confidence in a miner. Right now I only have Galaxy Dig.

 

[RU Golfer]

What is best/safest way to fund a coinbase account? Is something like paypal to get money in there sufficient? Do you suggest setting up a bank account separate from your every day bank account for security purposes?

I went the separate account route. I keep a few bucks in there if I want to purchase something on a spur of the moment, when i am planning a purchase I transfer in what I need. The account is registered with Coin base and I just log in and say fund USD and they pull what I designate from that account.

 

[rurahrah000]

Just checking the fundamentals but Hut has generated more revenue and had better earnings then Mara over the last 3 years, as well as more recently. Yet it's about 1/3 the market cap (1.3b vs 3.7b)

Similar can be said Hut vs Riot.

So relative to the 2 big players in the space HUT looks way undervalued. Now the market is fwd looking so are RIOT and MARA better positioned for future earnings, perhaps they have more miners which will generate more BTC? Or maybe being Canadian HUT was just overlooked while the money piled into the US miners?

But it does look cheap, and if BTC continues to go up so will HUT, and it did bounce back a couple percent in extended trading.

I'm in it, and I'll prob add more tomorrow.

Looking good so far. Hope you added more today. Up about 5%.

 

[bob-loblaw]

What is best/safest way to fund a coinbase account? Is something like paypal to get money in there sufficient? Do you suggest setting up a bank account separate from your every day bank account for security purposes?

I dont use Coinbase. The main exchange I use, I simply have a separate account linked to it that I ACH $$ in. I dont thing Paypal is worth using. 2FA is your friend.

 

[bob-loblaw]

So how does Ku work? I need to buy tether so I can trade for ELA?

Super easy. Set up an account. Ignore KFC. Either transfer crypto in to the account there, or fund the Ku account.

I fund the account using Banxa. I link it to a debit card and use that to buy USDT.
From there ELA can easily be purchased w USDT.
After I make a purchase, I withdraw to a wallet. Ku charges .01 or .05 ELA to withdraw.

Be mindful of the different accounts - you have a main account and a trading account. You can only withdraw out of the main account. When you buy USDT it will probably land in your main account, you will have to move it to your trading account <--- sounds complicated but once click easy.

Lastly, if you go the Banxa route to fund your Ku account, there is often a 10 - 30 min delay in the USDT hitting your account. this is normal.

In the meantime, the podcast below basically outlines why I'm so bullish on the Elastos ecosystem. It's a podcast with one of the chief developers. The podcast host, while annoying to listen to, is one of the OG's in the crypto space. It's a high level conversation on what they're building. There's zero conversation on tokenomics and price predictions.

 

[RU-05]

Looking good so far. Hope you added more today. Up about 5%.

Nah, I know it only takes about 20 seconds, but I was running around a bunch today, so I wasn't focused. I'll watch to see what it does tomorrow, maybe it pulls back a little.

 

[rurahrah000]

Nah, I know it only takes about 20 seconds, but I was running around a bunch today, so I wasn't focused. I'll watch to see what it does tomorrow, maybe it pulls back a little.

I don’t usually day trade but I sold most of my position after a 6% gain

 

[RU-05]

I don’t usually day trade but I sold most of my position after a 6% gain

Did you go into it thinking it could be a quick trade?

Would you look to buy back if it dips again, or was this a one timer?

I don't have enough discipline to take that quick money. If something starts going up, I start to believe it will continue to go up. Obviously that is not always the case.

 

[rurahrah000]

Did you go into it thinking it could be a quick trade?

Would you look to buy back if it dips again, or was this a one timer?

I don't have enough discipline to take that quick money. If something starts going up, I start to believe it will continue to go up. Obviously that is not always the case.

I bought it thinking it was going to be a quick trade. This stock has more than 10x in 1 year. They don't have any revolutionary product that justifies that run other than the fact they mined cryptocurrency. Honestly, I just don't know enough of these companies to invest long term. I am always weary of dilution by a small cap company that has its stock run up very quickly. Having said that, if it corrects back down to $5.5-6 and with other metrics/fundamentals looking attractive, I would buy again. I could also be totally wrong and it could skyrocket from here, but I am comfortable with that end result as well.

 

[RU-05]

I bought it thinking it was going to be a quick trade. This stock has more than 10x in 1 year. They don't have any revolutionary product that justifies that run other than the fact they mined cryptocurrency. Honestly, I just don't know enough of these companies to invest long term. I am always weary of dilution by a small cap company that has its stock run up very quickly. Having said that, if it corrects back down to $5.5-6 and with other metrics/fundamentals looking attractive, I would buy again. I could also be totally wrong and it could skyrocket from here, but I am comfortable with that end result as well.

Well, it's run is tied to the run of BTC itself, so it's not like it's running off on it's own.

It's current P/E is solid too.

Not that I'm trying to talk you into it. My run has been crap lately so I barely want to listen to myself.

 

[RU-05]

Super easy. Set up an account. Ignore KFC. Either transfer crypto in to the account there, or fund the Ku account.

I fund the account using Banxa. I link it to a debit card and use that to buy USDT.
From there ELA can easily be purchased w USDT.
After I make a purchase, I withdraw to a wallet. Ku charges .01 or .05 ELA to withdraw.

Be mindful of the different accounts - you have a main account and a trading account. You can only withdraw out of the main account. When you buy USDT it will probably land in your main account, you will have to move it to your trading account <--- sounds complicated but once click easy.

Lastly, if you go the Banxa route to fund your Ku account, there is often a 10 - 30 min delay in the USDT hitting your account. this is normal.

In the meantime, the podcast below basically outlines why I'm so bullish on the Elastos ecosystem. It's a podcast with one of the chief developers. The podcast host, while annoying to listen to, is one of the OG's in the crypto space. It's a high level conversation on what they're building. There's zero conversation on tokenomics and price predictions.

View embedded media

Trying to link with Banxa and it requires a Drivers license, can I avoid this?

 

[T2Kplus20]

Trying to link with Banxa and it requires a Drivers license, can I avoid this?

If you go down this road, you should definitely move the coins to a personal wallet. I doubt these smaller exchanges are protected from hacks.

 

[RU-05]

My Coinbase won't even show the price of ELA lately.

Not a big fan of the site. Less so of the app.

 

[RU-05]

If you go down this road, you should definitely move the coins to a personal wallet. I doubt these smaller exchanges are protected from hacks.

It would be a relatively small position, but I probably would work towards setting up a wallet.

 

[bob-loblaw]

Trying to link with Banxa and it requires a Drivers license, can I avoid this?

No way around it. Banxa requires it in order to fund. I should have mentioned that before. Sorry.

Did you watch that podcast?

 

[bob-loblaw]

Up 40% to 7.20

 

[T2Kplus20]

I highly doubt Musk is getting paid by anyone to "shill" crypto.

Anyway, MicroStrategy announced today a purchase of another 5,050 BTC. In the last 2-3 weeks, whales accumulated another 100k+ BTC. If Saylor, the biggest public BTC whale out there, only purchased 5% of that, it begs the question of who the others are...

I've been harping on this for some time, but I anticipate some serious Q4 corporate/institutional announcements. Apple/Amazon/Walmart here's looking at you...

I'm going to throw one final Elastos call to anyone interested. It's only available on Kucoin domestically. It's currently $4. There is zero reason why this is not $50+ right now. There is also zero reason why this wont be $1000 in 3 years.

Sorry to ask again, but why is Elastos' cap so low? Is it marketing or a deliberately slow development plan? What do you think will cause it to blow up?

 

[RU-05]

Sorry to ask again, but why is Elastos' cap so low? Is it marketing or a deliberately slow development plan? What do you think will cause it to blow up?

Not being on COIN is def one reason.

 

[RU-05]

No way around it. Banxa requires it in order to fund. I should have mentioned that before. Sorry.

Did you watch that podcast?

No not yet.

 

[RU-05]

Up 40% to 7.20

I saw it had dipped to $5ish, but the license thing, kept me from jumping in.

Pretty wary about this.

 

[RU-05]

Cosmos is now my largest crypto holding. Up about 250% since I bought it about 6 weeks ago.

Starting to consider selling, but still under $10B market cap. Recent hot runner, SOL by comparison is at $44B, and that is with it down over 30% from it's highs, so I think Cosmos could still have some more room to run.

 

[RU-05]

Just earned myself $3 in CHZ. Sports based token powering socios.com. Has deals with the UFC, Barcelona soccer, and a growing number of pro teams in the US. The Warriors being the latest.

1.8b market cap. On a bit of a down trend of late as well.

Think I'll add a little.

 

[RU-05]

The COIN fee's are bullshit though. Need some competition to drive these fee's down.

 

[T2Kplus20]

Cosmos is now my largest crypto holding. Up about 250% since I bought it about 6 weeks ago.

Starting to consider selling, but still under $10B market cap. Recent hot runner, SOL by comparison is at $44B, and that is with it down over 30% from it's highs, so I think Cosmos could still have some more room to run.

Lots of folks are bullish on Cosmos. My only worry is the high level of token inflation that it has. Otherwise, the value prop makes perfect sense. I will watch it for the next dip.

 

[ScarletNut]

Just earned myself $3 in CHZ. Sports based token powering socios.com. Has deals with the UFC, Barcelona soccer, and a growing number of pro teams in the US. The Warriors being the latest.

1.8b market cap. On a bit of a down trend of late as well.

Think I'll add a little.

There are 4 or 5 other coins you can earn on COIN also. Scroll through the “earn” link. Very easy.

 

[RU-05]

There are 4 or 5 other coins you can earn on COIN also. Scroll through the “earn” link. Very easy.

I've got em all.

 

[RU-05]

ELA might be a no go for me. KuCoin didn't want to take my credit card for whatever reason.

Not super comfortable with putting in all my info...........and then get denied.

 

[bob-loblaw]

ELA might be a no go for me. KuCoin didn't want to take my credit card for whatever reason.

Not super comfortable with putting in all my info...........and then get denied.

One of two things; either your bank thought it was fraud and wouldnt let it go through. Authorize it and try again. This usually happens to me if too long of a time lapses between purchases via Banxa. Takes two seconds to approve the "fraud"

The other thing is that your bank may not allow purchases for crypto via credit/debit. Chase CC's banned it earlier in the summer before doing an about face recently.

There's a lot of moving pieces here. I can easily see how you could be weary. I just dont think there's a better lottery ticket in crypto right now. And honestly, it's really not a lottery ticket. It's more like card counting at the casino. Everything is in place for this thing to take off.

The risk is that a different web 3.0 play gains traction. At this time, no one is as far along Elastos in this space. Add in the fact that the tokenomics are incredible, and it's just amazing IMO. Obviously, the risk is that it doesnt get adopted by anyone, but to me the reward of this thing hitting greatly trumps the risk of losing the $ I put in.

 

[T2Kplus20]

1)So name recognition? That makes sense, but still I would think the fundamentals would eventually overtake that. Which is probably what this recent upward move has been about.


2)Stock offering.

FYI - great video on Solana and the crypto balance of scalability, decentralization, and security.

The video is not linking. You need to cut and paste below without the "....." at the beginning and the end. Worth the hassle.

.....https://www.youtube.com/watch?v=72YmyqjF6io&list=WL&index=16.....

 

[RU-05]

My coinbase account was down nearly 20% from my highs on Sunday to my lows Tuesday, but a got a good chunk of that back today.

Thought of adding a little in a trading position, down near those lows, but thought the account was big enough.

Interestingly Cosmos came out the other side far better then either ETH or BTC.

 

[RU-05]

Robinhood to launch a crypto wallet option.

 

[RUBlackout]

Just remember that there isn’t a wash rule with buying/selling crypto so you can take a loss(write off) and buy back your position at anytime to go for the upside..crypto is currently considered property so it’s a loophole in taxes

The wash-sale rule was designed to discourage people from selling securities at a loss simply to claim a tax benefit. A wash sale occurs when you sell a security at a loss and then purchase that same security or “substantially identical” securities within 30 days (before or after the sale date)

 

[rurahrah000]

Robinhood to launch a crypto wallet option.

That is a game changer for me. It puts them on par with other crypto trading apps and perhaps even better given the zero commissions. I may just go ahead and buy more of HOOD.

 

[jtung230]

Deleted. Wrong thread

 

[T2Kplus20]

My coinbase account was down nearly 20% from my highs on Sunday to my lows Tuesday, but a got a good chunk of that back today.

Thought of adding a little in a trading position, down near those lows, but thought the account was big enough.

Interestingly Cosmos came out the other side far better then either ETH or BTC.

BTC has been lagging other coins for quite a while. It's the market leader and probably the most "stable" when it comes to price.

 

[bob-loblaw]

My coinbase account was down nearly 20% from my highs on Sunday to my lows Tuesday, but a got a good chunk of that back today.

Thought of adding a little in a trading position, down near those lows, but thought the account was big enough.

Interestingly Cosmos came out the other side far better then either ETH or BTC.

I cringed losing a healthy amount the other day. Then I used it as an opp to buy more. I snagged a little more BTC, and some more decred, which is underpriced at 120.

Robinhood to launch a crypto wallet option.

It's been rumored for a while. Glad to see their finally doing it. Just dont forget that they still have no insurance on their crpyto assets. When they roll out withdraw/deposit capabilities to everyone (it's only being tested to a small group) it's best to pull your coins/tokens off of RH and onto a wallet.

Not your keys, not your cheese.

This news just rolled out, which is huge. https://www.cnbc.com/2021/09/23/you-can-now-get-paid-in-bitcoin-to-use-twitter.html

Slowly but steadily onboarding more people to BTC....