Perfect, so on Robinhood you can buy Bitcoin holdings etc but they act like stock and can't transfer them off the site to a wallet. What's better on coinbase is you own the coin and can transfer it to your wallet or different coin exchanges (sorry so exg = exchange sorry on that), and can even cashout when you want at Coinbase or other spots. I think it's best to go Coinbase route just as you mentioned. Let me know if you have any other questions.
from an economist friend: "I am EXTREMELY risk averse in situations like this. I wasn't going to go in at 18K so I am sure not going in at 20K just because they promised $1200 checks that are probably still a few weeks out. 'Fear of Missing Out' gets people into trouble and I am fine with missing out to keep a known quantity of cash on the sidelines. Remember the low in the market during the financial crisis came 9 MONTHS after it all unraveled. This is a scenario in which I truly hope I am wrong."
There's no way this is the bottom of the market. I am taking my small gains and getting the hell out very soon. I went in on UAL yest. making some gains right now, trying to figure out when to get out today.
Nice move on UAL for a gain, and definitely agree with you on market. I am basically trying to gain as much as I can for long investments later.
Yeah I went huge in Spirit and UAL at 9 dollars and 22 dollars. I took 12k off in profit today and now I'm shorting the market tomorrow. I keep telling everyone when unemployment numbers get released tomorrow we'll see a major sell-off. Americans aren't prepared to see what they're going to see tomorrow. Short the market tomorrow boys.
VISL, maybe.. But be careful, might be too early but volume is rising... Again, not financial advice or anything
Got in a little late at 33, just sold it for 38! I am sure i am leaving some more gains on the table but i am good for now.
I’m out on almost everything and officially back to being scared. Waiting for those numbers to drop. And then maybe even waiting for the cases in the US to decrease for 3 days in a row. you guys have fun lol
USA will soon take over from China as the new #1 most infected country by the weekend. Media will run with that like dogs.
Perhaps not the unemployment %. But actual total of unemployment filed state by state and total. Which will freak people the F out.
iirc, 6 mos after plummeting to the low caused by the financial crisis during W's last term, the stock market proceeded to jump ~ 50%
I'm not disagreeing, but a few differences between the Financial Crisis/Great Recession and this year : 1) this drop was fast -- really fast. The drop back then was over several months -- maybe 1-1.5 years. 2) the S&P dropped 50%+ back then. I don't think the S&P is down more than around 25-30%. 3) the drop back then was financial markets-related and we could "fix" it. The drop this year is a pandemic and also oil related. We may be able to fix the oil part eventually, but the pandemic part? Who knows. I've read multiple people with contrary opinions from a long, drawn-out recession that lasts months to a year or two or a quick, V-shaped recovery. Just a random walk down Wall Street ...
Probably better to short at all time high then when markets are down 30%. Market are so volatile right now. Its up 10% or down 10%.
