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Thread: Bitcoin

  1. #589

    Default Re: Bitcoin

    Square buys $50 million in bitcoin, says cryptocurrency ‘aligns with company’s purpose’

    KEY POINTS

    Square said Thursday it bought 4,709 bitcoins, worth approximately $50 million.

    This represents about 1% of Square’s total assets as of the end of the second quarter of 2020.

    “Square believes that cryptocurrency is an instrument of economic empowerment and provides a way for the world to participate in a global monetary system, which aligns with the company’s purpose,” the company said in a release.
    https://www.cnbc.com/2020/10/08/squa...s-purpose.html
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.

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  3. #590

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    Default Re: Bitcoin

    I don't know, I'd probably say that's the "smart money" due to the amount of information they likely have access to.

    You always get people saying this is a buy and that's a buy but they never disclose their holdings so it's mostly all talk. Square must be bullish at this price to go in right now.

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  5. #591

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    Default Re: Bitcoin

    New high of 11,840 since the beginning of September.

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  7. #592

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    Default Re: Bitcoin

    New high today (so far) of 12,490 puts us over the recent high of 12,473 on 17 August. That is the highest we've been since 10 July 2019!

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  9. #593

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    Default Re: Bitcoin

    The chart is lookin good from multiple angles:


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  11. #594

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    Default Re: Bitcoin

    Users will be able to hold bitcoin in Paypal wallets in 2021.


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  13. #595

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    Default Re: Bitcoin

    Bitcoin and GBTC might be about to break out in a bigger way...

    NL 10/25/20

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  15. #596

    Default Re: Bitcoin

    Another 8% today, and now up about 50% in the last month.
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.

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  17. #597

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    Default Re: Bitcoin

    Quote Originally Posted by tsptalk View Post
    Another 8% today, and now up about 50% in the last month.
    Some pretty big catalysts in Paypal adoption and $1B government seizure.

  18.  
  19. #598

    Default Re: Bitcoin


    Peak, or pause?

    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.

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  21. #599

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    Default Re: Bitcoin

    Pretty much clear technical sailing to the 2017 high of $19870.

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  23. #600

    Default Re: Bitcoin

    The bull run has just begun! Its going to be the same repeat as it is in 2017. I say that it will hit its all time high in late September of next year. It may hit 20k+ before the end of this year. Watch it unfold!

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