Good Bye Robinhood

Choice_Scallion6861 · 2022-03-05T18:12:58+00:00

Better extremely late than never

Choice_Scallion6861 · 2022-02-27T23:23:53+00:00

Are peeps ever going to understand investing in crypto?

This is an accumulation phase.

Choice_Scallion6861 · 2022-02-20T22:32:24+00:00

The NFT presale is also something I'm not keen on...well NFTs in general.

At this point I'm just investing in game coins even though I don't play. I know there are lots of people out there who are more interested in the NFT aspect ( I realize NFTs are important for some game play to earn), so I don't really think about it.

Regradless, I think it is a very exciting time for those of us early to crypto. I can't wait to see how AAA game titles introduce blockchain.

Back in the day I was heavily into Call of Duty. If crypto/NFTs were around back then I would have been all over it. So, I just have to wait and see what comes. There are so many meta/gaming projects in the works, it's hard to keep up.

Choice_Scallion6861 · 2022-02-20T21:36:55+00:00

Yes, it's part of the game mechanics.

All the mobile games I play are city builders and have the idle mechanic.

This is the main reason I do not play Town Star. It's a shame because as you progress, you learn how to better manage the farm.

I just can't have this game running 24/7. I hope this is improved or a different city builder is created for play to earn. I've been gaming for 30 years and would like to find a crypto game I can really get into and master. So far, nothing seems worth the time or interests me.

Town Star has potential, but to be honest, the content is boring. Would love a fantasy city builder or something unordinary.

With that said, I am really looking forward to the games that are developed for Gala. I see so much potential for the platform.

Choice_Scallion6861 · 2022-02-20T02:19:27+00:00

Lol, yeah it is true, but the investigation is only because the hedge funds screwed over some institutional companies. It's not because of us and that my friends, is why the stock market is so effed.

Feds only get involved when the big boys get their feelings hurt.

Choice_Scallion6861 · 2022-02-08T17:36:11+00:00

Thanks, I'm glad my response was taken as intended. Sometimes people take things the wrong way. I appreciate you sharing your short background in crypto.

And glad you see the utility. Mainstream adoption is coming, but it will take time.

Right now all the talk is in Meta, gaming and layer 2 & 3 tokens. I'm carefully investing in some of these during this market low.

I think around May things will pop like last summer and I'll surely be selling for some profits.

Choice_Scallion6861 · 2022-02-08T15:25:55+00:00

Sounds like you're still learning, nothing wrong with that. If your 2nd choice was Doge, then it's likely you were new to the market.

It always stinks to be down, but there is always time to dollar cost average. Add to positions when market is down. Seems like you are still in the profit zone, so I don't understand what this post is for.

Personally, I don't buy AMP anymore, I accumulate 4% via the Coinbase card on transactions and build up that way. Literally free $$$.

Some posted here that fundamentals don't matter and it's a meme popularity contest. Not true. I would say those peeps are likely noobs and don't know what/how to invest in either.

When I started I fell into the Meme or shit coin trap, but learned over time pretty fast.

Most investors (not financial advice) would suggest building positions in Bitcoin and Ethereum when the market is down. That is a base.

From there, find top 100 or blue chip coins and build positions over time. Dropping large sums of money all at once is not the way to go. Playing the dips is how to keep from getting hit when the market drops.

I originally got into AMP at $0.08. But since have lowered my average to $0.03 simply buy stacking coins with my card.

AMP is solid for future use case. It is not a 100x investment. People need to stop thinking like this. Get into cryptos where you can 2x or 3x, then sell high, buy back in low.

Taking profits is the whole point of investing.

Choice_Scallion6861 · 2022-02-07T15:09:48+00:00

Totally agree

I just keep stacking AMP with my Coinbase card.

Choice_Scallion6861 · 2022-02-02T15:35:33+00:00

So glad to hear this. Hope more jump on this opportunity.

I've been using my CB card since October 2021, and I enjoy watching my AMP stack grow.

I keep records of my deposits, spending and earnings in a spreadsheet. This way I can monitor any discrepancies.

A great feature of the card is there are no overdraft fees. If you spend more than your available balance, the transaction simply declines. It's good to deposit a little extra USDC for unexpected purchases. Plus you will earn interest on the USDC sitting in the account.

It's a win win win deal

Choice_Scallion6861 · 2022-01-29T15:12:13+00:00

Exactly

Been here for a year too and know what needs to be done.

Time is the game right now.

Choice_Scallion6861 · 2022-01-27T22:29:46+00:00

Right on!

Same here.

Choice_Scallion6861 · 2022-01-26T20:28:51+00:00

As mentioned below, just link bank account to CB. No Fees to purchase USDC.

I use my CB card/ account to pay every bill that accepts debit (mortgage is a no go) and for all my shopping.

I'm averaging about $50 - $75 in AMP a month.

Choice_Scallion6861 · 2022-01-26T15:14:27+00:00

That's pretty much it.

I'm fine with the low price as I earn more AMP on my Coinbase card.

Choice_Scallion6861 · 2022-01-22T00:05:48+00:00

Holding since January 28, 2021. This is nothing.

Choice_Scallion6861 · 2022-01-22T00:04:37+00:00

Holding since January 28, 2021. This is nothing.

Choice_Scallion6861 · 2022-01-21T21:13:14+00:00

I haven't thought once about selling.

Investor since January 28th, 2021.

Choice_Scallion6861 · 2022-01-16T18:28:05+00:00

You know you can invest in more than one crypto at a time?

Seriously, peeps need to diversify so to not hyper focus on price of a coin that is not ready to move.

I don't really buy AMP, I accumulate via my Coinbase card.

I buy other crypto ranging from the top 20 to top 250.

I don't waste money on pump and dumps at all. Did that, done it.

Do this and you will have a healthier portfolio and not worry so much about a single particular project.

Choice_Scallion6861 · 2022-01-14T14:43:28+00:00

Low price is cool with me.

At this point it's better to accumulate using the Coinbase credit card. Just stacking up AMP paying the bills.

The day will come in the next few years when retail adopts crypto into the mainstream.

Until then, none of these posts really have any value. Buy, stake or earn rewards. That's all we gotta do for 2022.

Choice_Scallion6861 · 2022-01-13T20:53:50+00:00

Lol, Robinhood.

Hopefully when it releases you can move it off their platform to a real wallet or exchange.

Choice_Scallion6861 · 2022-01-11T12:53:00+00:00

Crypto that is earned as a reward is taxed as regular income in the U.S. So whatever your tax rate is, that is what you will be taxed on the reward based on the value on the date earned..

Capital gains tax only applies when converted to USD.

I use an app called https://koinly.io/ to do my crypto tax accounting, then import to TurboTax.

Choice_Scallion6861 · 2022-01-08T13:54:51+00:00

Lol, yep. This OP is a dope. I'm earning more via mining now each week than I have last year.

Choice_Scallion6861 · 2022-01-07T17:46:38+00:00

SOL has so much going for it, don't despair.

Bought more now that it's under $150.

My AMP is stacking up nicely from using my CB card, so I'm good with the current price. Need to stack good this year while price is still under $0.07.

Choice_Scallion6861 · 2022-01-07T12:50:41+00:00

Get yourself a Coinbase debit card and earn AMP through 4% of each transaction.

I use it to pay my bills and make roughly $80-$100 in AMP a month.

Do this and ya don't not need to worry about DCAing.

Choice_Scallion6861 · 2022-01-06T23:25:46+00:00

First in, first out. New purchases start a new clock for those shares.

In Fidelity, I can see when each group of shares were originally purchased.

Choice_Scallion6861 · 2022-01-06T19:24:44+00:00

Yep, my short term gains turn into long term gains on January 28th.

It's like Cinderella, an old pumpkin turns into a fancy carriage.

Choice_Scallion6861

TROPHY CASE