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Topic: Buying stocks with Bitcoin profits - page 2. (Read 3233 times)

hero member
Activity: 784
Merit: 500
April 25, 2014, 11:36:17 AM
#27
I suggest buying KNDI.  It could go down to 8-9.  If it does then buy more to double down

Kandi Technolgies? The problem is that the stock is slightly over-priced right now. A year ago, it was trading at $3.80-4.00 levels. Now it is going at $12.50-13.00. That is almost 300% increase in valuation in just 12 months.

There is risk.   But its a new company w a lot of growth potential.   8 or 9 would be a good price.   Not sure itll dip that low
hero member
Activity: 1106
Merit: 500
Life is short, practice empathy in your life
April 25, 2014, 11:23:52 AM
#26
Playing commodities may be of interest to OP. They are a bit safer than stocks at the moment (both on the long or short side). I would keep an eye on coffee and wait for it to top out for a very nice shorting opportunity (it could go down hard over a period of a few months). Also, silver is an interesting one that may bottom out this year.
newbie
Activity: 25
Merit: 0
April 25, 2014, 01:28:22 AM
#25
I would at how much they distribute and when.  Many finance guys recommend spreading disbursement throughout the year.  Also look at what CDs and bonds throw off as well.  Finally there are some municipal bond that can be tax free - as long as the city (eg Detroit) doesn't go bankrupt.

Some states also allow you to invest in crowd loaning sites like prosper.


ALL investments have risk, so you just need to deal with the level tou can tolerate.

Dividend paying stocks,  bonds, both taxable and non taxable , loaning money to others -prosper.com-,
Personally things like annuities and CD are not something I like.

Good luck
legendary
Activity: 3752
Merit: 1217
April 25, 2014, 12:31:06 AM
#24
I suggest buying KNDI.  It could go down to 8-9.  If it does then buy more to double down

Kandi Technolgies? The problem is that the stock is slightly over-priced right now. A year ago, it was trading at $3.80-4.00 levels. Now it is going at $12.50-13.00. That is almost 300% increase in valuation in just 12 months.
sr. member
Activity: 469
Merit: 250
English Motherfucker do you speak it ?
April 24, 2014, 10:30:15 PM
#23
The money is in the Bitcoin economy... in fact, technically, Bitcoin is the only true form of "money" that exists in the world right now.

Putting your profits anywhere else, whether it be fiat - stocks etc would be the antithesis of what you're trying to accomplish (keep /make more money).

I wouldn't buy property or land either, unless you're financially stable enough to purchase outright... (Remember wealth is a game of Liabilities VS Assets)

I'd continue investing in bitcoin, might allocate some profit to commodities like gold, oil etc but bitcoin is ultimately where the action is right now. Those who are all in today will be the superiors of those who aren't in 10 years time... guaranteed.

People look at the current price and say "the markets crashing"... The word "crash" is used to draw connotations with planes falling out of the sky, car wrecks etc... Situations you would steer clear of, or wish to extracate yourself from immediately... The greatest trick the elite ever pulled!

Look at all the greats, JP Morgan... Soros... even Nathan Rothschild.. they all made the bulk of their fortunes from "crashes".. Their ethos is get the idiots to establish value... wait for a group of idiots to sell.. alert the nation of a "crash".. then buy everything at rock bottom price.. (remember if someone is selling, it's because someones buying)... a year later the market rebounds and who do you think profits the most?

I look at the market as it is now and see "prices slashed"... "60% off"... "SALE"... and I gobble up all i can i tell ya.. Think with your logical brain and always remember that bitcoin is going to change the world.. each coin you own is an investment in the underlying technology.. HODL

Couldn't have said it better myself
hero member
Activity: 784
Merit: 500
April 24, 2014, 01:35:08 PM
#22
I suggest buying KNDI.  It could go down to 8-9.  If it does then buy more to double down

Otherwise as others say.  Now is time to short rather than buy
legendary
Activity: 3752
Merit: 1217
April 24, 2014, 10:15:35 AM
#21
Buying stocks now is pretty retarded. The vast majority of them are significantly overvalued.

Yes... the vast majority of them are significantly overvalued. But there are still a few stocks which are having a very low P/E ratio. A wise investor must be able to differentiate these stocks.
hero member
Activity: 1106
Merit: 500
Life is short, practice empathy in your life
April 24, 2014, 07:09:51 AM
#20
Buying stocks now is pretty retarded. The vast majority of them are significantly overvalued. If you want to get into stocks look for shorting opportunities only the coming months. I haven't been long any stock over 2014 and I am up 50% on my stock shorts (mainly thanks to plug and various marijuana bubble pops).
full member
Activity: 163
Merit: 100
April 24, 2014, 06:13:49 AM
#19
The money is in the Bitcoin economy... in fact, technically, Bitcoin is the only true form of "money" that exists in the world right now.

Putting your profits anywhere else, whether it be fiat - stocks etc would be the antithesis of what you're trying to accomplish (keep /make more money).

I wouldn't buy property or land either, unless you're financially stable enough to purchase outright... (Remember wealth is a game of Liabilities VS Assets)

I'd continue investing in bitcoin, might allocate some profit to commodities like gold, oil etc but bitcoin is ultimately where the action is right now. Those who are all in today will be the superiors of those who aren't in 10 years time... guaranteed.

People look at the current price and say "the markets crashing"... The word "crash" is used to draw connotations with planes falling out of the sky, car wrecks etc... Situations you would steer clear of, or wish to extracate yourself from immediately... The greatest trick the elite ever pulled!

Look at all the greats, JP Morgan... Soros... even Nathan Rothschild.. they all made the bulk of their fortunes from "crashes".. Their ethos is get the idiots to establish value... wait for a group of idiots to sell.. alert the nation of a "crash".. then buy everything at rock bottom price.. (remember if someone is selling, it's because someones buying)... a year later the market rebounds and who do you think profits the most?

I look at the market as it is now and see "prices slashed"... "60% off"... "SALE"... and I gobble up all i can i tell ya.. Think with your logical brain and always remember that bitcoin is going to change the world.. each coin you own is an investment in the underlying technology.. HODL
legendary
Activity: 2114
Merit: 1015
April 24, 2014, 05:37:31 AM
#18
yes but if you take into consideration what the price was like a decade ago then you can see the the price is still pretty high.  I believe the price will soar but you shouldn't expect something like that over night.  I for one suspect manipulation in that market and would be cautious is what I'm getting at.

I really think that an unexpected event can happen --- gold crashing down to its intrinsic value.

As technology advances, the intrinsic value of gold may go up but I don't think it can go that much up. Ancient aliens were into gold for some reason, but it is highly speculative to think that man kind starts building pyramids with their tips made of pure gold any time soon.

Maybe buying land / houses and apartments would be a better alternative?

I'm bearish for conventional energy production too because the suppressed technology of Nikolai Tesla may soon find its way to the main stream. If energy becomes a free resource then you wouldn't want to be in the same boat with fossil fuels companies and its best friends.
hero member
Activity: 798
Merit: 500
Time is on our side, yes it is!
April 24, 2014, 04:23:29 AM
#17
yes but if you take into consideration what the price was like a decade ago then you can see the the price is still pretty high.  I believe the price will soar but you shouldn't expect something like that over night.  I for one suspect manipulation in that market and would be cautious is what I'm getting at.
legendary
Activity: 3752
Merit: 1217
April 24, 2014, 03:35:54 AM
#16
Gold has been hitting all time highs so it's not really what I'd consider to be the best investment unless your looking for a way to try and store wealth IMO. 

Gold is currently trading at $1,280 - 1,290/ Oz, and it is down almost 50% compared to the peak rates of $1,800 / Oz (peak price was reached in 2012, and the price has been declining ever since).
hero member
Activity: 798
Merit: 500
Time is on our side, yes it is!
April 24, 2014, 02:33:37 AM
#15
yea I'd have to agree that the stock market is very dangerous during the current economic times.  It would take a lot of research and knowledge of the markets for me to feel safe putting my money into stocks.  With insider trading and High Frequency trading there just seems little room for the little guy these days. 

Gold has been hitting all time highs so it's not really what I'd consider to be the best investment unless your looking for a way to try and store wealth IMO.  I'd have to say that I'm just an average joe and not to take my advice as the end all be all just giving my opinion on the matter.
legendary
Activity: 2114
Merit: 1015
April 24, 2014, 02:19:26 AM
#14
Thanks for the great ideas. However, does anyone deem it reasonable to buy gold instead/also?

My current opinion is that gold is just a shiny metal uncomfortable to transport and store and when crypto currencies really succeed gold is determined to lose most of its value. Yet, buying gold is probably still a smart move for the sake of diversification.
full member
Activity: 148
Merit: 100
April 23, 2014, 10:13:31 PM
#13
I would like to make sure that my first million won't be the last one. For this I would reinvest a portion of my bitcoin profits to stocks.

3 questions rise:
1. Must I pay income tax before investing my bitcoin earnings to stocks?
2. How profitable can stocks be?
3. This is probably lame but: what stocks would you suggest to buy?

I wouldn't own stocks to trade them but to get the dividends. However, I have no idea how profitable stocks are in that sense. Can anyone tell me how much money I should invest in some nice stocks in order for them to earn me noticeable dividends?
Another possibility is to just stay in Bitcoins:
1. Well, as long as you stay anonymous...
2. Depends on the actual stock of course
3. https://playt.in/#dividends#pbbs
sr. member
Activity: 448
Merit: 250
April 23, 2014, 05:58:33 PM
#12
I would like to make sure that my first million won't be the last one. For this I would reinvest a portion of my bitcoin profits to stocks.

3 questions rise:
1. Must I pay income tax before investing my bitcoin earnings to stocks?
2. How profitable can stocks be?
3. This is probably lame but: what stocks would you suggest to buy?

I wouldn't own stocks to trade them but to get the dividends. However, I have no idea how profitable stocks are in that sense. Can anyone tell me how much money I should invest in some nice stocks in order for them to earn me noticeable dividends?



stay away from the stock market until there is a 50% crash like in 2007-2008.
the whole market is in a bubble because of the fed's money printing and now they are starting to taper, once the QE is gone these prices will not last and the stock market will sharply fall the same as it did in 2000 and 2007.

take a look at this s&p 500 graph and you'll see where the market is going...

hero member
Activity: 1008
Merit: 531
April 23, 2014, 04:55:11 PM
#11
1. Must I pay income tax before investing my bitcoin earnings to stocks?

You have to pay capital gains tax.  Short-term capital gains (less than one year?) counts as income.  Long-term capital gains have their own special tax treatment that is superior.  In most cases you will pay 0%, though if you are dealing with big money you will pay 20%.

2. How profitable can stocks be?

No where near as profitable as bitcoin.  I have a tiny percentage of my wealth in stocks but only as a diversification tactic.


3. This is probably lame but: what stocks would you suggest to buy?

We are entering the information age.  So my strategy has been to buy information.  Not so-called "data companies" because they don't actually have any data.  I buy stocks in companies that have big databases, for example Amazon, ADP, Pearson, etc...  I view the fact that these databases come with a company attached as a bonus.

I also want to invest in robotics companies so I have invested in iRobot.  I can't find any other public robotics companies to invest in.

I invested in a corrupt utility company (Pepco) that services a growing metro area (DC).  More government jobs = more DC residents = more revenue for Pepco.


I wouldn't own stocks to trade them but to get the dividends. However, I have no idea how profitable stocks are in that sense. Can anyone tell me how much money I should invest in some nice stocks in order for them to earn me noticeable dividends?

If you want noticeable dividends you need to invest in stocks with a low PE ratio.  If you have a stock with a PE ratio of 8 that means that you need to invest $8 to get $1 per year.  Most of my stocks have a high PE ratio (meaning low dividends) but that is normal with stocks that are expected to go up in value.

When choosing stocks I first made a list of companies that I was interested in.  More than half of them I had to take off of the list because they weren't public.  Then I looked at their market caps and compared them to each other and other companies in the same industry and in different industries.  This gave me a sense of how big companies are and how big they should be.  So I got a sense of their potential for growth, stability, or decline.

Then I looked at PE ratio to get a sense of what other investors think about a stock.  A very high PE ratio means that other investors think that the company is going to have a major expansion.  For example I was thinking about buying Whole Foods stock, because I think that their company will double or triple in size.  However the PE ratio was very high compared to other stocks in their sector, indicating that other investors think that Whole Foods will do much better than double or triple.  So while I am bullish on Whole Foods I decided to skip buying that stock, because the market is even more bullish than I am.

Also I don't let my personal views cloud my judgment.  I hate Pepco.  They are incompetent and corrupt.  I am also opposed to Pearson Education and their tie in with the Common Core.  That doesn't stop me from investing in these companies.  They will continue to be profitable, I might as well get a share of their blood money.
legendary
Activity: 3752
Merit: 1217
April 23, 2014, 12:13:31 PM
#10
1. Must I pay income tax before investing my bitcoin earnings to stocks?
2. How profitable can stocks be?
3. This is probably lame but: what stocks would you suggest to buy?

1. In most of the countries, capital gains tax must be paid on profits from Bitcoin sales
2. Unpredictable. Depends on the economic situation of your country.
3. High-Dividend stocks usually have very slow growth. So I prefer non-Dividend yielding stocks.
legendary
Activity: 938
Merit: 1000
April 23, 2014, 10:18:30 AM
#9
Just imagine all of the first graders now could never know paper money... They could all start learning how to price thing in bitcoin now. It will be harder on the older generations though. Mentally translating bitcoin product prices into old currencies.
  Yes, for our time there will always be paper money and we probably wont see bitoins replacing them, that needs time as there alot of retired people..
sr. member
Activity: 448
Merit: 250
April 23, 2014, 05:13:21 AM
#8
basically what happened with the Euro in many countries? I think there are a lot of other things about bitcoin that are much more exciting.
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