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Investing, Stock Market and Retirement Planning Thread

Posted: Tue May 11, 2021 7:59 pm
by Spangler
Has anyone had trouble dealing with PNC when purchasing crypto? I’ve been looking to invest in crypto, but I’m reading that PNC doesn’t want to deal with crypto.

I created an account on Coinbase, and I’m wondering if I should even bother since I have a PNC account.
I am a PNC customer and funded a few hundred in 2017 from PNC to coinbase.
I put $250 into coinbase to test the waters and see what PNC would do. They accepted the transaction today. They probably don't care about $250, but if it was $30k, they might have a different tone.

Investing, Stock Market and Retirement Planning Thread

Posted: Wed May 12, 2021 10:08 am
by dodint
FUBOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO.

Investing, Stock Market and Retirement Planning Thread

Posted: Wed May 12, 2021 10:09 am
by NTP66
My entire portfolio is red today.

Investing, Stock Market and Retirement Planning Thread

Posted: Wed May 12, 2021 10:10 am
by dodint
5/11 of my watched stocks are up. But I watch dumb stuff like FUBO because of you clowns so that might not mean anything.

Investing, Stock Market and Retirement Planning Thread

Posted: Wed May 12, 2021 10:11 am
by NTP66
It doesn't, but I still root for it for you guys.

Investing, Stock Market and Retirement Planning Thread

Posted: Wed May 12, 2021 2:14 pm
by MalkinIsMyHomeboy
I'm seeing red in my entire portfolio

not a good day

Investing, Stock Market and Retirement Planning Thread

Posted: Wed May 12, 2021 2:17 pm
by willeyeam
Another one spotted without fubo

Investing, Stock Market and Retirement Planning Thread

Posted: Wed May 12, 2021 3:16 pm
by mac5155
Good entry point for (more) ethereum or is it going to fall further?

Investing, Stock Market and Retirement Planning Thread

Posted: Wed May 12, 2021 3:19 pm
by Dickie Dunn
Who the **** ever knows with crypto.

Investing, Stock Market and Retirement Planning Thread

Posted: Wed May 12, 2021 3:55 pm
by MalkinIsMyHomeboy
flipping a coin would probably be more accurate than asking us (or anyone, really)

**** doesn't make any sense. I think ETH is a good long term hold regardless of entry though

Investing, Stock Market and Retirement Planning Thread

Posted: Wed May 12, 2021 8:14 pm
by mac5155
Elon musk is a market manipulator.

Investing, Stock Market and Retirement Planning Thread

Posted: Thu May 13, 2021 6:28 am
by NTP66
Didn't Tesla just announce that they were no longer going to accept Bitcoin?

Investing, Stock Market and Retirement Planning Thread

Posted: Thu May 13, 2021 9:13 am
by NTP66
Today was a bad day to update Quicken.

Investing, Stock Market and Retirement Planning Thread

Posted: Thu May 13, 2021 9:22 am
by Dickie Dunn
Didn't Tesla just announce that they were no longer going to accept Bitcoin?
Yup. Due to environmental concerns.

Investing, Stock Market and Retirement Planning Thread

Posted: Thu May 13, 2021 9:39 am
by MrKennethTKangaroo
Tesla has some rackets going, but accepting bitcoin is one of their more impressive rackets. I tip my cap to them for even convincing one sucker to buy a depreciating asset using bitcoin.

Investing, Stock Market and Retirement Planning Thread

Posted: Thu May 13, 2021 9:45 am
by dodint
The cool thing about Tesla and Bitcoin, from Tesla's side, was if there was some problem with the car and it had to be bought back Tesla has the option of returning the payment in Bitcoin or cash equivalent. So if the coin moves significantly either way, as it does, Tesla gets to decide and pocket the difference. Good way of hedging their loss on the car.

Investing, Stock Market and Retirement Planning Thread

Posted: Thu May 13, 2021 1:50 pm
by dodint
DKNG having itself another awful day, down %4 right now. As annoyed as I am by my stupidity with the F earnings thing, it kept me from legitimately losing a ton on DKGN. I had a string of nice DKNG takes leading up to the F thing and I know I would've bought into DKNG at $59 on 4/28 and it's about to fall under $40 any moment. That's incredible.

Investing, Stock Market and Retirement Planning Thread

Posted: Thu May 13, 2021 2:02 pm
by MalkinIsMyHomeboy
The cool thing about Tesla and Bitcoin, from Tesla's side, was if there was some problem with the car and it had to be bought back Tesla has the option of returning the payment in Bitcoin or cash equivalent. So if the coin moves significantly either way, as it does, Tesla gets to decide and pocket the difference. Good way of hedging their loss on the car.
would they do that if the purchaser used cash? I'd be pissed if I paid cash and they gave me bitcoin back while it's dropping

Investing, Stock Market and Retirement Planning Thread

Posted: Thu May 13, 2021 2:11 pm
by dodint
No, only on transactions where the original purchase was in Bitcoin.

Investing, Stock Market and Retirement Planning Thread

Posted: Thu May 13, 2021 2:57 pm
by mikey
Is there a specific reason for the DKNG plunge that I missed...?

Investing, Stock Market and Retirement Planning Thread

Posted: Thu May 13, 2021 3:17 pm
by dodint
Is there a specific reason for the DKNG plunge that I missed...?
The earnings missed in that the stock price was very high but the company itself hasn't turned a profit yet. With inflation fears starting to creep in these gimmicky/fun stocks are going to take a hit, I think.

I'll circle back to it if it keeps doing its prior volume and volatility, but I'm going to have to see a sustained consolidation on the chart before I do that. Which, I guess, are contradictory statements.

Investing, Stock Market and Retirement Planning Thread

Posted: Thu May 13, 2021 3:24 pm
by willeyeam
I understand start ups taking a while to turn a profit and such but if draftkings didn't make money in the past year when are they ever going to make money

Investing, Stock Market and Retirement Planning Thread

Posted: Thu May 13, 2021 3:31 pm
by MrKennethTKangaroo
I understand start ups taking a while to turn a profit and such but if draftkings didn't make money in the past year when are they ever going to make money
just took a look at their annual report

they spend an assload on customer acquisition costs

yikes

Investing, Stock Market and Retirement Planning Thread

Posted: Thu May 13, 2021 3:34 pm
by willeyeam
I understand start ups taking a while to turn a profit and such but if draftkings didn't make money in the past year when are they ever going to make money
just took a look at their annual report

they spend an assload on customer acquisition costs

yikes
That's why I liked Penn gaming. They have very few promo costs because the barstool cult follows them everywhere

Investing, Stock Market and Retirement Planning Thread

Posted: Thu May 13, 2021 3:57 pm
by MrKennethTKangaroo
I understand start ups taking a while to turn a profit and such but if draftkings didn't make money in the past year when are they ever going to make money
just took a look at their annual report

they spend an assload on customer acquisition costs

yikes
That's why I liked Penn gaming. They have very few promo costs because the barstool cult follows them everywhere
dont put too much brainpower into this ulf or else you might get wise and sell fubo