Now that Jerome Powell has had its scheduled moment in the sun, the markets have had a chance to react. I’ve got to tell you, things are starting to look interesting. In recent days, small caps have been carving out lower lows and lower highs:(more…)
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Rest easy, everyone. The fact you haven’t had an emoji of a pregnant man or the hand-gesture made by K-Pop bands is soon to be history, thanks to the newest release of official emojis. Our troubles are over!(more…)
Well, one of the year’s eight Fed announcements just tumbled out, and although there is obviously no change in interest rates (those days are long gone, and will be very long to return) the projection as to WHEN interest rates MIGHT go up in the future (they won’t) is “news”:(more…)
Some Coinbase Tips
I probably should be embarrassed to be talking about Coinbase, since it’s basically the tricycle (with streamers) of the crypto trading world, but screw it, yeah, it’s one of my accounts. What should embarrass me more, however, are a couple of dumb, money-wasting things I’ve done. I’d like to at least share my “a-ha!” moments with you, since some of you probably have an account there and, God help you, may be as dumb as me and might commit the same sins. So here goes:
- Don’t take cash out unless you really want it out for good – – in other words, don’t make a withdrawal just because you don’t think you’ll be in a trade for a while. The reason? Because there’s a 2.5% charge whenever you make a deposit. So, for example, if you start off by sending a $10,000 deposit to Coinbase, you’re already going to lose $250 instantly for the privilege of doing so (this is one of those egregious fees that makes people cringe about Coinbase). Withdrawing money costs nothing. However, if you want to “re-load” for a trade later, you’re going to suffer the same fee again. So just leave it there! Once you’ve paid your pound of flesh, that should be enough.
- When you sell a coin, don’t sell it for cash (the default) but convert it into a dollar-like equivalent, like Tether. The reason? Commissions! From what I can tell, selling for cash involves a nasty commission (like $50 for a $3,000 trade, for instance) whereas “housing” the buying power in $USDT costs nothing.
In short, you want to avoid cash transactions like the plague, and just keep moving things from “lake to lake with a ladle” (as my former post described it) to keep those fees and commissions to a minimum.(more…)