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SOFI to end automatic Crypto purchases
5 Investors Betting Big on SOFI Stock Right Now
Won't give me a 401k? Fine.
Is holding bitcoin through a platform like SOFI where you don’t actually own the coin okay?
I lost my day trading gains chasing coins named LOVE, LOOKS AND SOFI.
FullerStock | GameStop leads the way as meme stocks eye best day since Aug
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Meme coins will disappear from the top 10 when adoption gets going. The average person would degen into a meme when their saving are on the line Similar to why you don’t see stocks like GME, AMC, SOFI in the top 10… the general public won’t gamble on it. Just my two highly regarded cents
For those unaware the article isn't talking about a Social Finance model it's talking about a company named SoFi: >Financial services company and digital bank SoFi Technologies (SOFI -1.29%) went public in June 2021 with lots of support and plenty of hype. Both its fintech super app and its CEO Anthony Noto were lauded, and investors flocked to the stock. In its efforts to build its brand, the company launched massive marketing campaigns on TikTok and purchased the naming rights of the Los Angeles Rams football stadium. But as we near the end of 2022, SoFi is under fire from lawmakers in Congress over its crypto activities and it saw the federal student loan moratorium extended, which will likely hurt its business. It's also taking an unusual approach to bank regulatory capital rules. All of this created a lot of uncertainty for investors. At this point, SoFi finds itself in a bit of a regulatory headache.
Whatever you pick make sure it it a US public company. Coinbase, Block (square), SOFI, etc
I like to do both. I store some cold and some on reputable exchanges (SOFI and now Fidelity). Most of the people on this sub are cultlike and delusional. The most important part of bitcoin is that the protocol is decentralized and can’t be controlled by any CEX. That doesn’t mean you can’t expose yourself to some on a trustworthy CEX as opposed to keeping it all under your mattress. I think if you’re worried about having too much in cold storage, fidelity is a good spot to add additional exposure with a centralized trust.
Must be the same with SOFI. Been down all day
Im using SOFI. That is who I currently bank with also. I know they don’t have a wallet yet which definitely sucks, because you know the whole not your keys not your Crypto thing. That is true, but I’m sure SOFI is planning to incorporate a Crypto wallet soon. Other than that, SOFI is pretty good. You can trade stocks also. I feel like my Crypto is safe there.
I can get 3% on Ally Savings and SOFI. 😂😭😂😭
Fintechs can have all the tech stacks and APIs in the world but without deposits they can’t compete with larger lenders/banks. One of those fintechs emerges with top 25 (USA) deposits plus useful Tech and then I can see it. Not sure who is closest in the US, maybe SOFI?
I use SOFI app. Easy to put money in to buy stocks/crypto and easy to take profits and go back into my account.
SOFI app super easy to buy and sell with minimal percentage fee.
You can buy and sell Crypto on the SOFI app and send the money back to your bank account quickly. I’m a dork and know nothing about Crypto exchanges etc.
IDK I got a SOFI credit card with 2% cash back. I set it to auto purchase Bitcoin. It has fraud protection too, which is nice.
Lol while this is a good point, various growth tech stocks are down worse than BTC relative to their peaks in November. Examples would be Netflix, SOFI, ETSY, PLTR, PayPal…
I want to mention again that crypto isn’t “alone” in this market. Various growth tech stocks are down close to 80% from their highs in November. Just look at SOFI for example. Hell, even my VTI shares, which I started investing in September of 2020 (almost 2 years ago) are in the red
Even buffet has said that diversification is only good for the uninformed passive investor. There are only a handful of "best" plays in the market and you're likely to make more money than the sp500 if you've put in the work to find some of them. To me that's Bitcoin, GME, and SOFI all of which (imo) have the most potential to absorb the wealth of traditional financial institutions in the long run.
dont be so sure. I'm dealing with SOFI now because they also use plaid and they are not showing when i signed into plaid. 30 min with support so far
Send me $100 and I'll send you a free SOFI account and $25.
Its probably a good thing for peoples mental health, Some people went too deep, or brought at the top back in November and are down big. Personally, I sold alot of my positions in mid to late November (stocks included) and have slowly brought back in over the past few months, (still down cause the dip keeps dipping). I also no longer watch the charts as much as I used too, I regularly forget to log into my SOFI (log in streak points gone) but then again I've only brought back into two stocks. When you are long and your DCA is set up for your stocks/crypto, no need to check charts or stay glued to forums or stockwitts etc. I've made peace that the next year or so (yes, I said year) is going to be rough, maybe alot more rough. But I also understand that its at times like this when money is made. At least thats what I've noticed in myself.
If loses make you a Chad, then my SOFI investment makes me a mega-Chad.
I use Chase and SOFI. I have also been able to add a credit union but I had to do it manually.
Except SOFI has an actual use outside of crypto, unlike R(word). Using SOFI as my primary bank now and look forward to 1% on my bank fiat there.
It takes time. Theres no way that many crypto ads wont have a good user to dollar spent on advertising raitio. This is big. It will take time but there was unprecedented exposure to crypto yesterday. Let’s celebrate that a lil. *heck, it was even at SOFI stadium!*
I hope the CRO hype rubs off on the SOFI hype.
No. There is absolutely no laws that says SOFI has to actually custody the Bitcoin that buy on your behalf. You are buying an iou, backed by nothing. Further, if SOFI truly have your Bitcoin on your behalf, allowing you to withdraw it should be trivial. It’s very shady when a company doesn’t allow you to withdraw your Bitcoin. Here is how to get out: 1. Sell your Bitcoin at SOFI when it’s in the red (important for tax liability). 2. Buy the same amount on an exchange that allows you to withdraw your Bitcoin (Strike, Gemini Pro are good options in the US). 3. Even though your BTC didn’t change, you get a nice tax benefit of capital loss (up to $3k) if you sold and rebought when you were red. So, it’s a win win
Gotcha. I guess I missed it since I initiate transfers from my other bank that doesn’t have transfer fees at all, regardless of whether I send or withdrawal. It’s [SOFI](https://sofi.app.link/pXZDko4htnb) Great bank honestly. Highly recommend for those that see this comment.
Not much buddy. It is just a lower three digit figure. I DCA and hold Bitcoins and altcoins and learn day trading with beer money. I really love day trading because it is like a puzzle to me that I like to solve and have been making consistent gains day trading gala and harmony one since December. But today I was not happy with those 15% gains and ended up chasing Pumps on shitcoins named LOVE, LOOKS and SOFI(RAI) and lost 40%. Tomorrow is a new day again. Back to daytrading Harmony one.
Thats what I did for the past two months but apparently I was not happy with my daily 6-10% wins. Today I lost money on LOVE, LOOKS AND SOFI(RAI)
The closest I can find and like is probably SOFI which has a number of crypto in addition to stocks and etf + banking, it’s a neat ecosystem
I’m pretty sure cash app has BTC. Also I heard SOFI is another good investing app… stay away from Robin Hood
What do you all think about buying crypto through SOFI? I’m pretty new to the crypto universe so please any opinions or advice is needed .
What people are just trying to explain to you is that bitcoin is like gold not like a stock. You can buy any dollar value you want just like you can buy any amount of gold you want. The idea is that the price increase via scarcity whereas a stock increases proportionally to the value of the company (at least that is how it is supposed to work. The thing is, if you are buying through something like robinhood, SOFI (although they say they are correcting this) you aren’t buying bitcoin you are buying an i o u. It would be akin to robinhood not letting you transfer your stock because you don’t actually own them. It’s better to just use an exchange like Coinbase where you are actually buying it and can them transfer it wherever you want. For instance to a cold storage wallet. If you are going to spend the money to buy bitcoin you might as well actually own it. My assumption is you are wanting to try to trade (which I think is a bad idea) and you can do that on Coinbase or Coinbase pro. Hopefully that helps.
Just switch your investments over to SOFI. It’s better user interface and more informative. Also has way more features than Robinhood.
Yup, SOFI is competitive IMO but the margin on RH keeps me around. SOFI is great for seeing the investment portfolio percentages of ETFs but otherwise navigating the app is a bit disorganized feeling compared to RH. It hasn’t turned me just yet, but I have started bring money into it so I can play around there.
Yesterday I was planning on getting my money transferred out of SOFI to my CB it only allowed me to withdraw a portion I was planning on leaving my money alone so I could cash out the rest today but oh no I just had to throw what I had in SOFI on btc now I gotta decide when to cash out so I can just have one crypto holding account. The main reason of switching from SOFI is because I hated seeing how much I was down everyday from the beginning I was in the red. I’d rather just find a good entry point and leave it alone without knowing how much I’m down and dca without looking at my losses everyday
Not sure if it helps but I believe it will recover. It generates revenue so I don’t see it going down much further except the whole market tanks which is real possibility. I believe in holding SOFI for a long term investment.
Jesus Christ…when I saw your user name I was gona say how it triggered me, since I bought IPOE prior to SOFI merge and it has since royally plowed me
Ohh well I bought SOFI stock itself and doing some covered calls and also sold some more puts to average down. There are couple of stocks I am still excited about so can’t liquidate it all.
ill be asking about that and Credit card rewards as my SOFI card lets me buy stocks or crypto with my rewards.
Im using SOFI. Simple to start and may move later
I’m invested in SOFI using SoFi.
Like frictionless idea. Full support for SOFI team and from me
I’ve been in this since the beginning of SOFI. Watching how hard the devs are working behind the scenes has just reinforced to me that they really do believe in this project. It’s a long hold for me.
Partial tick for stocks? There are some companies out there at incredible valuations when looking through a lens of the next 3,5 or even 10 years. Companies like SOFI and Upstart will be mega giants of the fintech space and even have exposure to crypto. The MJ space is just starting to take off. Sports betting and gambling are finally taking off. EV Space like you mentioned. So many great opportunities to invest for the future and get in early.
Not to mention their are emerging companies out there new to the market with incredible value when looking at it from a long term perspective. Some of them even in the crypto space! SOFI and Upstart are going to be giants of the fintech space in the next 5 to 10 years.
I have a good portion of my crypto spread out, but what I started with crypto is in SOFI and robinhood. Some of us are just stuck with them until they allow transfers.
I haven't had any issues with funding. I've used SOFI and Ally bank to ACH funds to the app and added funds with a debit card from those banks. I haven't tried to transfer money off the app yet but had no problem adding Ally bank as an account to withdraw to.
Been following SOFI for about a week now. I had a couple coins annoyingly die out due to the issue SOFI aims to tackle. SOFI has legit devs and a welcoming community. I started with a small investment but gonna grab some more later today. Take advantage of the dip baybeeeee.
This project is one of a kind and is unique as well compare to those new project with the same roadmap, features and other stuff. Good to know that I found this! Kudos to you sir! SOFI!
What a wonderful usecase. Beyond surprised at how I found a coin with a usecase, with devs that are already doxxed and AT SUCH AN EARLY STAGE. Mcap below 300k as I write this. Holding a bag at SOFI is a no brainer $SOFI 💎
Currently holding a lot of trending tokens but SOFI is my most confident pick.
The AMAs have been a great way to connect with the team and hear how passionate they are about SOFI. I’m here for the long haul 🙌🏼
Oh yeah frictionless is going to earn SOFI a long term stake in the BSC realm. I’m stoked for all the partnerships they’re going to be announcing too in the coming weeks!
I love what SOFI has to offer, this makes it stand out of the crowd of shitcoins. This is a solution, that can actually start a revolution in dex. Can't wait to see this project grow!
Oh wow, it’s nice seeing SOFI mentioned here
I came, i saw, i fel in love with SOFI. The devs, the mods and admins show what true passion for a project is! Just launched, all key pumping milestones are yet to come. Grab some moonbag, befor this baby takes off!
The Frictionless Exchange will be a game changer, it will allow low market cap coins to get marketing funds without affecting the market price and it will remove the impact of whale selloffs, SOFI means business
The Frictionless Exchange will be a game changer, it will allow low market cap coins to get marketing funds without affecting the market price and it will remove the impact of whale selloffs, SOFI means business
This is definitely a gem. It's near impossible to find a project under 500k market cap where the project has an original and unique idea. Plus, the devs aren't anonymous! SOFI will be very community driven too where every holder is encouraged to add value to the project in any way, whether its through development, marketing, spitballing ideas, etc. Every investor has a say in SOFI's future. Additionally, the concept of community marketing is brilliant. I feel like this project can be built upon in so many ways I'm honestly truly excited I found such a gem so early.
Yo s/o to the SoFi dev doxxxing!! Dome is such a sick dude, hyped to join the SOFI fam and see where this amazing project goes
Keen to see what the community can achieve with SOFI
Check the YouTube vid to see the dev talk about the project, SOFI is going to be a very interesting project, this is one to watch!
View in your timezone: [8 May 20:00 UTC][0] [0]: https://timee.io/20210508T2000?tl=SOFI%20-%20Social%20Finance%20%F0%9F%8C%80%20Pre-Sale%20%26amp%3B%20Launch%20on%20May%208%20%5BSerious%20Gem%5D
I use SOFI to buy my Bitcoin no fees
Leave robinhood asap, have you been watching the news at all?? SOFI is a good alternative