Good move on going cash Tom. Coins are dropping below support. Idk how low we'll go
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We'll come back to this post in a few years to see if he was right or wrong...
JPMorgan CEO Jamie Dimon says bitcoin is a 'fraud' that will eventually blow up
"It's worse than tulip bulbs. It won't end well. Someone is going to get killed," Dimon said.
Bitcoin fell to trade around its session lows after Dimon's comments.
Dimon's criticism comes at a time when some well-known figures on Wall Street are starting to embrace the cryptocurrency.
https://www.cnbc.com/2017/09/12/jpmorgan-ceo-jamie-dimon-raises-flag-on-trading-revenue-sees-20-percent-fall-for-the-third-quarter.html
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Good move on going cash Tom. Coins are dropping below support. Idk how low we'll go
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100 G
RSI - Relative Strength Indicator DMA - day moving average
I'm itching to buy this dip tonight. If it's forming an H&S the neckline is in the $3950 - $4000 area.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
$3850 this morning. Is this more of the China/north Korea/south Korea stuff? I heard the north was messing with the south's crypto trade
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100 G
RSI - Relative Strength Indicator DMA - day moving average
I think it's still the Jamie Dimon comment.
Bitcoin
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
I saw that. But being a traditional banker type, I would think they would all say its not a real currency. If some traditional bankers were in crypto and sold because of his comments then I guess I could see the drop.
I thinks its just gone up so much that a sell off is to be expected. Its a healthy market that does that. It may need to test the breakout area after the fork happened.
100 G
RSI - Relative Strength Indicator DMA - day moving average
100 G
RSI - Relative Strength Indicator DMA - day moving average
Tom ,
Do you have a margin account on GDAX? If so, have you ever shorted a coin? Just planning ahead in case one day I might want that option. Still waiting on my deposit of USD to clear
100 G
RSI - Relative Strength Indicator DMA - day moving average
No, I didn't get a margin account there. I might have if it allowed us to short it, but I don't see that GDAX allows that, so I stayed away from margin.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Is this what you eere talking about. I did't see that yesterday.
North Korean hackers targeting bitcoins to fund Kim Jong Un, report says
North Korean hackers targeting bitcoins to fund Kim Jong Un, report says | Fox NewsNorth Korean hackers are reportedly targeting cryptocurrency exchanges in South Korea in an attempt to funnel money to Kim Jong Un’s dictatorship, after a new wave of United Nations sanctions threatens to choke the rogue regime’s cash flow.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
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