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That makes sense. You not big on the HCMC idea then Fogel?

@Araysar brought this up today. I tried to buy in but I guess my Fidelity account is too new. They gave me credit for my deposit until my money hits, but they don't like this particular stock or something. Wouldn't let me buy. Hopefully my money hits tonight and I can buy in tomorrow.

Still watching youtube vids nonstop on SPACs but I have a few questions: 1. It seems like most people indicate the risk of SPACs is either a poor acquisition or no acquisition at all. If I'm reading you guys right, most of you are getting out of SPACs pre-acquisition? You are basically just...

I bought it bc you guys recommended it! But seriously, I've been watching youtube vids about SPACs all day. One of the biggest disadvantages to SPACs seems to be that the recent influx of SPACs is making it harder for them to pair with good acquisitions. I.e. there are more SPACs than there...

Ok, first SPAC purchased. BTNB at 12.20

You guys recommend a buy in of BTNB at 12.18?

Took about 60 seconds for me to do it online from RH to Fidelity. 60 secs to initiate that is. Obv takes a week or so to actually happen.

yeah, i just direct xferred all my RH holdings to Fidelity. No need to liquidate.

If you are using "instant" funds- i.e. the money you transferred to RH hasn't hit yet but they are letting you use $1k on them- then they won't let you buy crypto with those funds. Once your actual money hits the account you should be able to.

What are you guys using to find good SPACs? Any particular resource?

So just from reading the last few pages: 1. SPACs are shell companies that exist to fund a merger or acquisition. 2. The have a floor of about 10$. 3. When the rumor that the SPAC has been attached to a good merger or acquisition hits, the SPAC can surge 20%+. 4. When it surges, you sell before...

Wait, so if you buy or sell coin worth more than $200, you pay no more than 2% either way?

Don't worry, even the investment newbs like me on this forum realize that these are extraordinary circumstances that won't last. We are trying to get what we can while we can. I intend to use the earnings from this to catapult my "normal" investment stuff after all the craziness ends. This is...

Great perspective to keep in mind. I'm not saying silver will be GME for the record. I don't think there is going to be another GME. But... Like you said, you don't need a stock to rise 1000% to make money. I'd be very happy with a 2x or 3x return over a couple days.

My take: If wallstreetbets is pushing silver and you get on board, you win. If Wall Street bros are pushing silver as a distraction/deflection and you get on board, you win. Tons of money to be made in a push war. Just don't be the first in or the last out, like Mr. Wolf of Wall Street said...

I've definitely allocated some play money to fuck around with this crazy situation. But I'd love to have some long-term info so I can reinvest the funds I get from the meme stuff.

:emoji_thinking:

I'm going to be buying SLV (stock), but serious question for those who buy physical silver. What's the idea behind having chunks of the actual element? Is the idea that if the economy collapses you'll have actual hard "currency" to barter with?

This is actually a great example of how disingenuous some market insiders are being about this whole thing. Galvin is so full of shit, and I think the other dude does a good job of pointing that out. Galvin- "Something must be done. People are making trades based on speculation..."...

This is why I'm still hanging onto a little doge. It's so speculative though. The one thing I'm sure of is that we will see a flood of new money in the market next week. The question is where? People who wanted to buy doge initiated transfers on Thursday of last week. Will those people...

SLV going to blow up Monday morning.

Yeah for sure. Both those things. Add in influence from Satoshi Street Bets too. I guess all I'm saying is that if you're looking for a "fundamental" reason silver would go up on Monday, I don't think you'll find one. It will go up due to hype and push- just like doge. But in my admittedly...

Who knows? There's a theory behind the valuation of silver and how manipulated it is that is the basis for why it can be driven up. But again, I don't think that matters. I didn't even pay attention to the explanation. If it only doubles in value due to a ton of interest that still seems...

Silver just a distraction from GME according to WSB. "Hedge fund people" throwing it out there to water down the buying power of reddit and weaken their GME position. Frankly, even if that's true, SLV will still get a big boost Monday I bet. If it isn't true, SLV will also get a big boost Monday.

Ok, awesome thanks. So I'm gathering people typically don't put in buy orders during the weekend. They pretty much always wait and see what the market looks like premarket Monday. Wish I was still on the East Coast.

Ok, new to investing and requesting help from Forum Investment Bros. I put in this order earlier: I guess I can't buy bc it's the weekend. So this means I'm set to buy at opening bell on Mon? Will this definitely go through? Or am I going to wake up to find out that it opened higher than...

Looking like Gemini is pretty hefty with fees. They charge both a transaction fee and a convenience fee for buying, and both a transaction fee and convenience fee for selling. Seems like all those fees would add up fast. Also, am I wrong, or do they increase their fee percentage the more you...

Tried to sign up for Fidelity yesterday but they didn't like one of the "identify yourself" questions I guess and locked me out. Called customer service, but of course the wait time was like 6 hours. Anyone know if they can just transfer my holdings from RH, or am I going to have to sell...

I don't believe this. Fucking RH is ALREADY limiting Silver to 1 share...

Smart. I'm learning I'm not too disciplined though lol. Despite what I literally just said I'm probably going to jump on the silver bandwagon while it's still super early. You see the problem was that I made so much money so easily on doge. In my brain I know it was an anomaly, but seeing that...

Seems like a legitimate worry. I'm not going to fuck with the meme stocks anymore at this point. It feels like taking a bunch of money to Vegas but the casinos might change the rules while you're gambling.

I dunno. I've been thinking about that. I'm pretty new to the crypto thing, but it seems to me that an influx of money from a ton of small investors with a "buy and hold" mentality may have boosted the baseline value of doge in a way that isn't going away anytime soon. It seems to be holding...

Back on doge

I can't believe the US doesn't have a decent free crypto trader... Someone needs to fill that role now that RH is going away.

So they don't charge for trades, they only charge when you withdraw? And you paid $25 on a $1,000 withdraw?

Ok, so my options to trade crypto appear to be: 1. Robinhood- where they might decide they don't want you trading something at any time and disallow it 2. Coinbase- which appears to have a difficult-to-decipher fee structure (I read the fee section and have zero concept of what it will actually...

No doge isn't a problem but I guess I got spoiled with RH not having fees. Not going to stick with RH no matter what, but it still sucks to have to move to a fee-based system. Is there a fee per transaction for crypto?

Deleting my RH account as soon as I can. Was going to set up on Fidelity, but they don't seem to do crypto. I'm thinking I'll do Fid for stocks and something else for crypto. Is there are general consensus on the best crypto platform?

That'd be a worthwhile review to write up: "What really interesting stuff happened in the market while everyone was distracted by memes?"

Sure... Stick it to the man. Then sell as high as I can.