Too Hot Investment Thread

Getting murdered today but its a long hold for me and the hit pieces are out in full force. Can't stand what shorts are allowed to do to the market

 

I'm going to get in on some Ethereum today since the crypto market is lower than it has been in a couple of weeks.

 

I bought another 5 ETH coins Saturday. Debating whether I want to seriously put money on Doge. I bought 50,000 shares back in January when it was .04/share and rode it to .07. It hovered around there for the next couple months and I was happy to be out until I saw it run to .41 this past Friday. Ooof.

 

I was in line at spot #125k or so. Needless to say I didn’t get a pack.

 

Ouch.

I bought $100 worth of doge at .07 on Robinhood. I cashed out yesterday and re bought it again through Kraken. I'm done with Robinhood completely.

 

I've gotten lucky with buying packs but not so lucky on the content.

 

I stayed away from Doge, completely missing it. I knew about it early enough, I just didn't believe in it.

I think everyone should own BTC and ETH. Cardano (ADA) and VeChain (VET) have been good for me.

 

Congrats! New primary residence?

 

Deal. Can I take the loafers off before I swim?

 

Also - today may be the day! Would be for me. Greenest day I've had in months (in my "play" money). I'm mostly growth stocks related to EV sector.

 

VET is the best thing going in crypto IMO. Partnerships with Walmart China, DNV GL, PwC, Salesforce, DHL, Cyprus vaccine passports, and China on its carbon program. I’m going to load up on it next bear market. It alone has already made me 3x my 401k.

 

I just stumbled upon this thread and will look forward to reading and following.

I won't bore you w/ my portfolio. . . and most of it IS boring! But I recently added a lot of PSFE. I never got caught up in the SPAC frenzy.... though do own alot DKNG.... but this one I really liked. It has slumped since the acquisition, but I really like it. We will see. . . .

 

I was looking at some VET on the next dip. Are you on VET or VTHO?

 

Not a great day for crypto. Was there some news that could be driving them down? I haven't read anything.

 

Turkey’s crypto market closed abruptly today. And yes I said I wouldn’t post about crypto again, but this is a legit news story.
Crypto Users Bicker After Turkish Exchange Abruptly Goes Silent

 

Market was due for a correction and the tax news triggered it.

 

I have both. Have bought both and earned VTHO airdrops.

You can generate VTHO by simply holding VET which is nice. VTHO is what will drive the blockchain. Think of it like this, do consumers care about a dairy cow or the milk? The same goes for enterprises using VeChain. If they buy VET it will only be to generate the VTHO they need for their operations. The VET represents the store of value in the solution. It’s actually a pretty ingenious dual token system.

VTHO has almost been pegged at a .09 ratio to VET so they probably have the same potential returns if you think of it that way (setting aside the .000432 VTHO generated per VET per day generated). However, some believe the VTHO/VET ratio will rise to .2, .3 or potentially even higher but it’s all speculation at this point since they’re just releasing their main net this quarter and will have a new million transaction per day client using it. If you want to gamble more you can buy VTHO in the hopes it will move up against VET. For someone getting into it I’d probably just suggest VET since it’s more reliable (it follows traditional technical analysis better than VTHO), or maybe a little of both.

Both coins had a massive correction today after an all time high last week but rebounded most of the way back to where they started the day already. That being said, Bitcoin could move all the way down to $44k or so before heading back up so keep that in mind and be prepared to ride it out if you decide to invest now.

It’s not financial advice but anything under .22 is probably still a good investment as the .20-.25 range is likely where VET temporarily retraces to in the next bear market if you get “stuck” with the coins. Realistic estimations have been $1+ and a remote chance of a $3 top for this cycle.