Didn't you hear? Bitcoin is the new Gold!
That said, I still like Coinbase stock better. It doesn't matter if crypto goes up OR down, they still make a fortune with their overpriced commissions.
I'm very bullish on Coinbase. It's my second largest position after Tesla. I really like Brian Armstrong and how he has grown Coinbase. I believe they have unbelievable growth opportunities ahead of them and Brian is the right guy to lead the company. I think my Coinbase position will eventually turn into multi bagger and make me millions. I'm holding 1,500 shares of Coinbase and sold bunch of puts. I haven't sold any covered calls because I think Coinbase is going to explode up one of these days, and I don't want to lose my shares for cheap.Didn't you hear? Bitcoin is the new Gold!
That said, I still like Coinbase stock better. It doesn't matter if crypto goes up OR down, they still make a fortune with their overpriced commissions.
No taxes on crypto unless you sell and make profit. I haven't sold any of my Bitcoin, Ether, Cardano, or Dogecoin. I have no plans to sell, only to buy more on major dips. Crypto is my insurance against dumb politicians and stupid world governments. I think everyone needs to own some crypto just as a hedge. I thought that gold and silver was that hedge but I realize now that gold and silver is poor hedge because it's manipulated and controlled by banks and governments. I learned that lesson too late so I own too much gold and silver. Instead of dismissing crypto, I wish I had bought Bitcoin and Ether when I was buying my gold and silver. Live and learn. I'm going to keep my current gold and silver holdings, but I won't buy any more. I will only buy more crypto going forward.Have not gotten much into crypto tbh though I feel I may regret it in the future...
I just don't want to deal with the taxes or even know how to deal with them as all the legwork needs to be done manually.
No taxes on crypto unless you sell and make profit. I haven't sold any of my Bitcoin, Ether, Cardano, or Dogecoin. I have no plans to sell, only to buy more on major dips. Crypto is my insurance against dumb politicians and stupid world governments. I think everyone needs to own some crypto just as a hedge. I thought that gold and silver was that hedge but I realize now that gold and silver is poor hedge because it's manipulated and controlled by banks and governments. I learned that lesson too late so I own too much gold and silver. Instead of dismissing crypto, I wish I had bought Bitcoin and Ether when I was buying my gold and silver. Live and learn. I'm going to keep my current gold and silver holdings, but I won't buy any more. I will only buy more crypto going forward.
ENPH is killing it despite supply chain issues. Up 12% yesterday. Renewables are just getting started.
Enphase Energy jumps 20% following record quarterly revenue, but supply chain woes remain
Shares of solar company Enphase Energy jumped after the company said demand is booming even as supply chain bottlenecks weigh.www.cnbc.com
ENPH is killing it despite supply chain issues. Up 12% yesterday. Renewables are just getting started.
Enphase Energy jumps 20% following record quarterly revenue, but supply chain woes remain
Shares of solar company Enphase Energy jumped after the company said demand is booming even as supply chain bottlenecks weigh.www.cnbc.com
As of yesterday, the reported shares outstanding were 20 million which made a share price of $25 seem reasonable. Tonight the figures have been updated to show 50 million outstanding, which gives a market cap of $1b at $20, which is crazy.
If Yahoo figures are correct, the total float is 764 million! That would give a value of $16.9 billion dollars ?
All of sudden even $20 sounds rich, and Im in at $26.84.
The fair price might actually be $15 (??) for now.
My brother has an Enphase panel system installed on his home.
For anyone a question about the 48 hours it takes for your sell trade to clear. It's not actually 48 hours is it? For years we've been buying back a stock a few hours before the 48 hours has expired in two business days. Assuming you don't have a pile of cash ready to immediately cover the buy.
So say you sell at 3 pm est and two days later you buy it back at 10 am est a full 5 hours before the 48 hours. I'm asking this about regular trades not day trading or margin trades.
Which leads me to my next question, are funds being "fronted" to you for that 5 hours or a few hours before the full 48 hours is up? Maybe "clears in 48 hours" is misnomer, not sure.
My net research says it clears fairly early in the morning of the 2nd business day. I'm just checking here on the forum to be sure that's the case in way over 99% of such trades. And if anyone has had a problem in the situation described above in buying back a stock in the morning at the open on the 2nd business day. Again this is if you don't keep extra money in your brokerage cash to buy back a lot earlier.