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Post by Capital on Nov 16, 2022 11:27:42 GMT
I received an email Tuesday informing me that I can now open a Fidelity Crypto Account. I have no desire to own Crypto and will not be opening an account. In order to open the account you must have an "Eligible Brokerage Account" to fund your Crypto account. You also must have an "up to date cell phone" with the most recent Fidelity App installed. Step to step instructions can be found HERE. Again, I am not opening an account nor do I recommend doing so. I only post this for informational purposes. |
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Post by Chahta on Nov 16, 2022 13:13:16 GMT
I received an email Tuesday informing me that I can now open a Fidelity Crypto Account. I have no desire to own Crypto and will not be opening an account. In order to open the account you must have an "Eligible Brokerage Account" to fund your Crypto account. You also must have an "up to date cell phone" with the most recent Fidelity App installed. Step to step instructions can be found HERE. Again, I am not opening an account nor do I recommend doing so. I only post this for informational purposes. Come on....you might be buying at the bottom. |
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Post by ECE Prof on Nov 16, 2022 14:39:36 GMT
Capital , and Chahta , Are the old guys Buffett and Munger buying this? I wouldn't either. Tom Brady and Steph Curry lost all their wealth now. Would you want that? Lenders have also lost money now because the total went to zero. Zero cannot pay back anything, even interest.
I have more than 99% of the assets consolidated with Fido. Vanguard is still holding for a settlement that occurred yesterday. Vanguard is very slow. It would take another week to complete the process. Probably, by 11/23/2022.
How come that I did not get any such alerts? May be, my settings may not allow such alerts.
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Post by Capital on Nov 16, 2022 17:07:37 GMT
I received an email Tuesday informing me that I can now open a Fidelity Crypto Account. I have no desire to own Crypto and will not be opening an account. In order to open the account you must have an "Eligible Brokerage Account" to fund your Crypto account. You also must have an "up to date cell phone" with the most recent Fidelity App installed. Step to step instructions can be found HERE. Again, I am not opening an account nor do I recommend doing so. I only post this for informational purposes. Come on....you might be buying at the bottom. My thinking is that we may be seeing the latest top. I still have an aversion to being the last person to own nothing. |
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Post by habsui on Nov 16, 2022 19:03:34 GMT
I received an email Tuesday informing me that I can now open a Fidelity Crypto Account. I have no desire to own Crypto and will not be opening an account. In order to open the account you must have an "Eligible Brokerage Account" to fund your Crypto account. You also must have an "up to date cell phone" with the most recent Fidelity App installed. Step to step instructions can be found HERE. Again, I am not opening an account nor do I recommend doing so. I only post this for informational purposes. Come on....you might be buying at the bottom. Just make sure to keep it in a hot wallet.. |
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Post by Chahta on Nov 16, 2022 22:51:56 GMT
"My thinking is that we may be seeing the latest top. I still have an aversion to being the last person to own nothing."
Now that is funny but serious at the same time.
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Post by Capital on Nov 16, 2022 23:23:11 GMT
"My thinking is that we may be seeing the latest top. I still have an aversion to being the last person to own nothing." Now that is funny but serious at the same time. Ponzi schemes are like that. It's the first few owners that sell that make money. The last one is the one who pays the attorneys. |
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Post by Chahta on Nov 16, 2022 23:30:36 GMT
I felt crypto was a scam all along. It only has a value now because folks used real money to buy it. My step-daughter actually told me I was old school because I buy stocks. The real thing to buy now are ETFs that own carbon credits. LOL
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Post by ECE Prof on Nov 17, 2022 1:27:39 GMT
"Ponzi schemes are like that."
Exactly. +1.
There are so many investment vehicles, which are exactly Ponzi schemes. As long as people believe that they can make money, the CEOs get the money from innocent but greedy people. They cash it out and let the investors hang dry. What about the lawsuits? It is very difficult to prove anything as long as the company followed certain norms. In this case, there are neither norms nor rules. SEC never issued any rule, but lately, they have been warning. I am not sure if they can come up with the rules on this scheme.
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