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22366464 No.22366464 [Reply] [Original]

My "high yield" savings account with $3200 isn't doing a thing. 1% -> 0.95% ->0.8% ->0.7%. Going to zero soon.

Currently heavily in Bitcoin. Shill me anything from crypto to stocks.

>> No.22366497

>>22366464
Same man. I'm debating dropping the 25k in my savings to Bitcoin or Eth when one of them takes a 5% dip and then selling when they get a 5% pump and just doing this over and over to make 5% gains. They seem to fluctuate 5% every week it seems easy enough to do with sell orders.

>> No.22366602

>>22366497
you'd get jew'd on taxes or get scam wicked. holding long term has worked for me with bitcoin but wanting to get into something else

>> No.22366649

>>22366602
I also hold 10k LINK, I'd recommend getting some.
>you'd get jew'd on taxes
True
>or get scam wicked.
Not really an issue with a limit order I can just set to buy at whatever price would be a 5% dip and sell at whatever would be a 5% pump. From watching BTC and ETH charts they always recover. Worst case scenario is I buy a 5% dip but it actually dips 10-15% instead. At that point I just hold for weeks/months until it recovers and sell at the 5-10% pump that comes with the recovery.

>> No.22366652

HEX - started the defi craze, popularized Uniswap, is still the best defi project out there. most potential but divisive, however the naysayers only have ad hominem (they don't know anything about the project itself)

SXP - You're early. Cool cards with good staking rewards and cash (crypto) back rewards (much better than traditional credit cards). Backed by Binance, the largest exchange. Competes with Crypto.com who has had success in the space.

STAKE (xDai) - solid project, no hype just function. strong chance of winning Reddit coin bake off challenge which would blow it up.

Bitcoin - If institutional wealth gets into crypto, this is where they'll go and have been going to. Only 11 years old, you're early.
SPCE - long term hold. One of the only space plays you can get into. Will be worth many times the current market cap but who knows when it will be profitable. Like getting into TSLA early. This is one of those ones you'll be asking yourself why you didn't get into it when it was first offered, but people still want to buy it as cheap as possible.

Airlines will probably go up depending on the new stimulus bill. I've made a ton on CCL it's always fun to day trade because of the insane volume. Just be patient with it.

>> No.22366857

>>22366464
get into the true high yield savings. invest in rolled oats.finance

>> No.22366867

UNIFI

>> No.22366905

>>22366464
>when savings rates does not beat inflation
how do "they" always get away with it?

>> No.22366960

>>22366464
>>22366497
>>22366652
Bitcoin's hayday is over, be careful in this market.

>> No.22366997

>>22366960
Hayday is over absolutely. It's day of going up and down 5% are not over though.

>> No.22367031

I put my savings in $BND, I figure its stable enough even if it dips I'll just DCA and the monthly divvies will make up the rest. Thoughts?

>> No.22367046

>>22366464
also if you use Tmobile they have a bank account partner (weird I know) that pays 4% on 3k

>> No.22367054

>>22366464

Holy shit are you me? I just checked my savings rate at my credit union and its dropped to 1.6%! I'm wondering whether if I should just put it all into junk bond etfs or gamble on stocks instead. It makes me really wonder if its worth saving any money at all in this enviroment. Most of the big 5 Canadian banks and their interest savings are dogs breakfast!

>> No.22367083

>>22366960
I actually don't mind a market where tech stocks are officially burnt out and the money in most other stocks is officially nonsensical. I like the inflation. I like the recent wealth transfer from the bears (boomers) to bulls (young money). I like the fact that millenial's and zoomers don't like gold and are much more likely to start investing in crypto. Bitcoin has everything going for it right now. Worst case scenario Bitcoin is still (fucking) correlated to the S&P500, so if the S&P dumps, it's prudent to curb risk. However, again, when people eventually become jaded with the bloated stock market, there's a clear path that makes sense for them to take.

>> No.22368198

>>22367083
We shall see, good analysis.

>> No.22368480

>>22367083
Bitcoin is a failed proof of concept. No sales faggot out there is able to defend it anymore. And you are a 49 something retard. Fuck off