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Let’s talk crypto/blockchain related stocks

Posted on 11/18/20 at 6:39 am
Posted by mach316
Jonesboro, AR
Member since Jul 2012
4776 posts
Posted on 11/18/20 at 6:39 am
With bitcoin reaching 18k, what are some stocks that that may benefit from this recent rise? I’m heavily invested in Grayscale, and several others that mirror the bitcoin price. Just wondering if there are some hidden gems that may be worth a look.
Posted by cgrand
HAMMOND
Member since Oct 2009
38804 posts
Posted on 11/18/20 at 6:48 am to
SQ
PYPL
Posted by CE Tiger
Metairie
Member since Jan 2008
41584 posts
Posted on 11/18/20 at 6:59 am to
DocuSign
Posted by TDFreak
Dodge Charger Aficionado
Member since Dec 2009
7370 posts
Posted on 11/18/20 at 8:03 am to
RIOT? Might be more run up left.
Posted by Giantr63
Member since Mar 2019
32 posts
Posted on 11/19/20 at 7:25 am to
MARA
Posted by BorrisMart
La
Member since Jul 2020
8812 posts
Posted on 11/19/20 at 9:00 am to
quote:

MARA


Thats been a wild ride. I got in right before it dropped but it looks like its going to be creeping back up (Thank God).
Posted by Douglas Quaid
Mars
Member since Mar 2010
4098 posts
Posted on 11/19/20 at 9:54 am to
If you are a true believer in crypto you can go short on national currencies via a few of the inverse currency ETFs...

UDN
EUO
YCS

Note: this is not a personal endorsement of this strategy.
Posted by Giantr63
Member since Mar 2019
32 posts
Posted on 11/23/20 at 9:45 am to
I hope you are still holding. Up 30% plus since you replied and still should run.
Posted by goodgrin
Atlanta, GA
Member since Nov 2003
5900 posts
Posted on 11/23/20 at 6:22 pm to
HIVE
Posted by BorrisMart
La
Member since Jul 2020
8812 posts
Posted on 11/29/20 at 2:23 pm to
Sorry I just saw this. I am still holding, but I'd be lying if I said I knew what I was doing. I want to ride it as much as I can and then move it to something else. (preface: when I say "got in" I mean not a lot I'm more just playing around trying to learn the ropes right now lol but would still be nice to make a few hundred off of it).
Posted by 98eagle
Member since Sep 2020
1964 posts
Posted on 11/30/20 at 5:56 pm to
I don't trust any crypto related stocks other than GBTC. Just HODL and ignore the volatility. It will likely be 20X to 30X higher than it is now in 5 years.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80779 posts
Posted on 11/30/20 at 6:58 pm to
LINK /

MSTR, link above. Unfortunately it is up 61% since you posted this thread on 11/18. Still room to run though

ETA: Better yet buy actual bitcoin with the money you'd be throwing into these stocks and avoid paying a stock related premium.
This post was edited on 11/30/20 at 7:00 pm
Posted by goodgrin
Atlanta, GA
Member since Nov 2003
5900 posts
Posted on 2/14/21 at 9:02 am to
Have you found any hidden gems since your original post?
Posted by GeneralLee
Member since Aug 2004
13104 posts
Posted on 2/14/21 at 9:32 am to
ARBKF, TSNP
Posted by JetsCoach
Bossier City
Member since Dec 2017
769 posts
Posted on 2/14/21 at 11:18 pm to
quote:

RIOT? Might be more run up left.


Has a market cap of around 2 billion. Company is probably lucky to be a 100 myn company. Changed their name back a few years ago to Riot Blockchain and all they did was mine Bitcoin. Nothing to do with Blockchain, just a way to capitalize on what was hot!

Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80779 posts
Posted on 2/15/21 at 7:30 am to
quote:

Have you found any hidden gems since your original post?
hopefully he listened to that post right above yours
Posted by TDFreak
Dodge Charger Aficionado
Member since Dec 2009
7370 posts
Posted on 2/15/21 at 7:40 am to
quote:

Has a market cap of around 2 billion. Company is probably lucky to be a 100 myn company. Changed their name back a few years ago to Riot Blockchain and all they did was mine Bitcoin. Nothing to do with Blockchain, just a way to capitalize on what was hot!

Imagine buying RIOT when I first posted that recommendation.
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