Well, as long as Fed policy stays like it is, with an all in approach, and fiscal policy will still be a positive factor for markets, I’d use it sparingly

Tax policy is now the third leg of GDP growth that is uncertain

Divided government? Then S&P goes to 4200-4500 ish this year

And parts of “the market” will do much better!

Cramer says “there is always a bull market somewhere”.

Epic!!!

Does the fed even have anything it can do at this point? Feels like the outgoing administration tapped that faucet dry.

I’ve been holding on since 2017. Some of my coins are up over 1,300%. My only regret is that I didn’t put more into it.

I thought about selling about half of what I have, but I just think we are at the beginning of a huge run up.

There are transactions from 2 weeks ago that have doubled in value. It’s just getting a little crazy.

MARA RIOT HIVE all going strong. If BTC and ETH keep going I cant imagine what these will be worth in 6 months. Exciting times!

What other altcoins have you dabbled in? I’m not a fan of most of them, but always interested to hear what people also find success in.

I hear XRP is a bargain these days!

My home run is LINK. If I had only bought more when I grabbed it at ~$0.50. It's trading at over $15 now. I've always believed in the project and still do.

Defi is the place to look right now. That sector has been killing it lately. You almost can't go wrong with any Defi token. Ether is never a bad investment. You have to remember that ERC-20 tokens rely on the Etherium network, so it's a very important part of the crypto "world".

I picked up some SNX (Synthetix) two weeks ago, which sounds like a very interesting project but there aren't a ton of assets locked up in that Defi protocol. Only about $2 billion. The token has doubled in the last 2 weeks though, so that's good.

There are also a few coins you can just buy, hold and accumulate staking rewards. No interaction necessary. Just let them sit on Coinbase and get back between 2 and 6% APY.

DAI - 2%
Tezos - 4.63%
Algorand - 6%
Cosmos - 5%

Just be aware, that it's a wild ride. You'll be up 20% one day and down 20% the next. I'm up 33.8% for the last week and 69.4% in the last 30 days. On the flip side, I've went to bed, woke up 8 hours later and been down 30%. So just be prepared.

you never buy enough of the winners
and too much of the losers

Changed my mind and going to let it all ride some more also.
My initial investment is not enough to effect me by taking it out.

HODL!

Max Keiser, “the guy who has accurately called bitcoin price again and again has made a $100 an oz silver prediction for 2021.” Predicts silver and gold will both do well.

Unfortunately today is not that day...

I thought BC and gold were basically the same idea of each other competing for the same money. Gold has been such a wash for so long now.

GOLD is a very long play. Say 5 years.

Gold can still be manipulated due to the creation of paper contracts which far exceed the actual tonnage available to fulfill those contracts where bitcoin does not have this - yet... but supposedly Europe is tightening down the rules where they would have to hold 85% of contract value. If this happens, the massive shorts will have to unwind with huge upside potential.

I doubt silver will ever be $100. It is just so common. Mining can ramp up quickly to meet demand. Gold and platinum are a different story.

mining can never ramp up quickly and supply is short. Just look at the premiums you have to pay for silver vs gold on actual metal.

There's essentially an infinite supply of all these metals in space, on asteroids and such. Eventually we'll be able to mine those and bring them back.

The asteroid Psyche alone is estimated to be worth $10 quintillion. Bringing a 140 mile diameter metal object to Earth might not be easy

AI is getting close to $110, perhaps time to buy or is the initial enthusiasm and excitement growing colder?

Sorry, I meant to say sometime in 2021. I don’t have a horse in this race, but will shortly to diversify a bit!

good buy today - wish I would have waited a day to add to my positions. on a good note Barrick (GLD) is holding it's own even those gold is down. With it's leverage off the gold spot it should be down 6% to 10% today

The other play I'm thinking about is USL - oil may pop a bit this year.. Trying to play the commodities for a while.

Two things... is 5 years considered a long play? I've watched gold on and off over the past 20 years, it's never been a better investment than the market and has often done pretty badly. I think of it only as a safe haven during a crash.

I remember when stationed in Saudi Arabia during Desert Storm 1991, I bought a bracelet for my wife 22K gold - they sold them by weight and it was around $350 an ounce.

Perfect example, if you bought one ounce of gold there it would be worth $1900 today, 5.428 times it's value. While that's a nice profit, if you invested the same $350 in the Dow 1991 it would be worth $4,340 today, the Dow has gone up 12.4 times in value.

Man, I didn't expect the down day to only last a day...missed a buying opportunity.

The Market liked the election results.

Not to sound ignorant, i know a little about bitcoin and its a household name, but how do these coins get used? What is driving the investment?

https://bitcoin.org/en/

Spoke too soon, back almost to where it was yesterday....for reasons we can't discuss, but WOW. It involves armed standoffs.

We have time to position accounts properly.

The result of the election should have minimal short term impact. The "markets" love the idea of massive trillion dollar Democratic stimulus and infrastructure spending.

The reality is that it's NOT like 2009 when the Dems had full control. The margins are so thin in both chambers there is gonna be a ton of bipartisan agreement needed.

Thus, plenty of time to adjust accordingly before the sugar high wears off. Still have "Don't fight the Fed" going until massive inflation hits.

I highly doubt they try and tackle tax hikes in the middle of a pandemic and US and Global recovery effort this year.

They will go for stimulus, infrastructure and Immigration reform and of course fixing the ACA before the Supreme court case hits this Spring.

As for Bitcoin and other digital currency, fwiw, i have several more clients today asking about Bitcoin. I have a Coinbase account

I like investing in the concept via Paypal, SQ, V, MA and the payment processors but as an investment as to where it goes from here? I'm all ears!

Btw, you see BANKS and financial taking off today as a result of endless printing of money and rising interest rates. Financial institutions will need to stock up eventually. The caveat is you know regulation is coming and the govt will hand out wins to the big boys via their lobbying efforts.

Some think topping 1% on the 10 yr treasury today is just a temporary stop on it's way to 3% this year

If that's true, invest accordingly?

If you are considering a new mortgage, consider it quickly?

Might want to check the news man.

BTW, BTC is showing to not be immune to this. Things appear to have hit a bottom for the moment. I gather it will depend on if this escalates more.

What impact do you think protestors storming the capital and getting all the way inside the senate chamber will have on the market? From a non-political stance of course.

Live feed below.

ZERO impact. Think this past year.

Whether people believe in bitcoin or not it has a boat load of momentum. Countries around the world are buying bitcoin like crazy. Even the most out of touch people are asking about it. Whether you hate it or not the amount of $ pouring into bitcoin this year will be MASSIVE. Wouldn’t it make sense to have at least some exposure to it to catch that momentum and make a little or a lot of dough?

I don't think today's drama in DC will have any long term effects on the Markets. This is a few thousand conspiracy theorists rioting, they have zero influence on the economy. Sad day for our democracy for sure, but the Dow is up 1.47% right now and Crypto continues it's climb.

What do you guys think of litecoin?

Bit miner MARA up 50% since Monday. Its been a while since I have had that kind of growth.

This rioting looked like total amateur hour compared to what we see all over, especially your state

It’s done. No market impact

I did by accident. I think people need to have a Coinbase type account for whatever use it becomes in the future

Agreed, I’d be scared to death to buy it on something like Robinhood etc. I used B-More Pinballs coinbase referral link and am very happy with the platform.

Why would you be more scared to buy it on Robinhood? While you don't own a wallet, millions in money hasn't been known to mysteriously disappear there like it has on Coinbase multiple times as well as it doesn't suffer (mostly) from all the slowness and outages.

Serious question.

Nope, nothing like this has occurred in my state, nothing like this has happened in American history.

There's a thread for Bitcoin, take it over there! This one is about telling me what stocks to buy.

Gimme

hackers are paying premiums for people’s robinhood info because it’s one of the easiest platforms to hack and the customer service is horrible without even a number to call if you’ve been hacked.

I’m definitely all ears if there is a safer alternative available, lord knows I don’t want to lose my crypto.

Lol. Ok

Coinbase is over the top secure to the point it’s a bit annoying BUT I guess that’s good

I've used Coinbase and Binance for about 4 years and never experienced any security problems. I'm sure Paypal's new Crypto services are super safe too, but they are limited to 4 most common coins.