New To Investing Thread

[catastrophe]

What kind of "Retirement Account" can you drop $200,000 into at 1 time?

a non tax-advantaged account.

The easy explanation is that they're using the term "retirement account" loosely.  However, without doing any research whatsoever, I'll bet there are different rules for state institutions / non-profits that permit for different tax-advantaged accounts that most of us normies don't have access to.

[yoga-like_abana]

Welp that was quick

sheesh..  it's so damn volatile.. eth still climbing tho

[The Big Train]

Welp that was quick

sheesh..  it's so damn volatile.. eth still climbing tho

AND JUST LIKE THAT EVERYONE IS MAKING MONEY AGAIN

[The Big Train]

If this current trend continues I may be getting back into this thing guys

[wetwillie]

What's the formula for trading this digital currency TBT?  10 day moving averages and such?

[Phil Titola]

I'm late to this thread but in on Ethereum prob a little too late but not trying to just get a quick hit....waiting for Kraken to validate me to get in on ripple.

[The Big Train]

What's the formula for trading this digital currency TBT?  10 day moving averages and such?

There's a lot of factors actually.  As more and more governments remove restrictions and decide how to recognize Bitcoin it can affect the market.  The mempool size is also another factor because of the high rough ridin' transaction fees when I'm buying/selling. 

World events also affect it, and for awhile every time Trump was negatively in the news it would make Bitcoin prices go up. There's also trends you have to look for but it's not just these that dictate how I buy and sell them.

Litecoin just basically follows the same rise and fall of Bitcoin right now, even though the technology behind it is way more scalable.  Bitcoin is rapidly approaching some major decisions on whether this hard fork is going to happen or not.  Ethereum has other forces impacting it than Bitcoin does.  I could create a cryptocurrency right now on the Ethereum network, Ether is just the Ethereum currency for its smart contracts.

[The Big Train]

This is a cool site if you want to see trends and do your own analysis

https://cryptowat.ch/

[wetwillie]

Just pm me when you are going to buy and sell

[The Big Train]

What the eff is going on

[The Big Train]

Apparently LiteCoin is getting added to Bitstamp on Monday and LTC is surging because of this.  Lots of projections it will go back down, first time it hadn't followed Bitcoin.

eff me should have bought in again on the last downswing.

[The Big Train]

Welp that was quick

sheesh..  it's so damn volatile.. eth still climbing tho

AND JUST LIKE THAT EVERYONE IS MAKING LOTS AND LOTS MONEY AGAIN

[The Big Train]

I can't wait any longer guys, I'm BACK! 

https://themerkle.com/litecoins-chickun-awakens-as-ltc-price-heads-toward-us40/

[SdK]

I'm going to start investing as soon as I can. Sounds fun.

[The Big Train]

I'm really excited to see where LiteCoin goes tomorrow when Bitstamp opens up it's exchange.  Should be a lot of fun, just like the last few months have been.

[The Big Train]

So there are limits to what you can invest in a given week, I maxed it out the last 2 days on LiteCoin.  I've never done that before.  I have been glued to my computer today doing research and watching the trends, country govs, and all social media platforms(Twitter, Facebook, Reddit, cryptoblogs, etc).  The next 2 weeks are going to be extremely exciting, guys!   

Do not be surprised to see this sweet little ray of sunshine flirt with the $100 mark in the next 2 weeks.

https://cryptowat.ch/coinbase/ltcusd/15m

[The Big Train]

I will also say, that this shouldn't be a quick sell if it does reach that mark.  Bitcoin is looking at an August 1st hard fork.  LiteCoin successfully activated SegWit and that greater expands the networks capability, which already surpassed Bitcoin's.  You can research this if you want, from the creator of LiteCoin.

https://twitter.com/SatoshiLite/status/876471823419883520

There has also been a reported hack of SegWit, which Charlie has already said isn't that big of deal at this point.  The cost/reward is too high.  Guys, I can not over emphasize how exciting this whole time has been in the investing world.  Wow!

[The Big Train]

I'm late to this thread but in on Ethereum prob a little too late but not trying to just get a quick hit....waiting for Kraken to validate me to get in on ripple.

ACTUALLY.  I don't think, based on my research today, that getting in on Ether is a bad play.  I will however leave the decision up to you.

[Emo EMAW]

TBT do you watch NVDA?

[The Big Train]

TBT do you watch NVDA?

I haven't been following it that closely.  I know they have grown a lot and their stock is one of the BITB right now.  Their CEO had an interview that I watched a few weeks ago.  It seems like a very good pick.

[The Big Train]

https://twitter.com/bitstamp/status/876803773296988162

[yoga-like_abana]

tbt tell me when I should sell. I was watching it this weekend and kept saying if it goes over $50 I'm going to sell

[yoga-like_abana]

Its at $49 this very second.... 

[The Big Train]

Well I wouldn't sell.  Once it gets past $50 nobody knows how high it will go

[The Big Train]

If you bought in the $20's range though I wouldn't fault you for selling at $50