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Thread: Bitcoin

  1. #613

    Default Re: Bitcoin

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

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

  2.  
  3. #614

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    Default Re: Bitcoin

    BTC touched $23,800 overnight. Yea that's not a typo. It was at $19,300 at one point yesterday. What a ride.

    RIOT Blockchain (RIOT) is trading almost 10% higher in premarket this morning.

  4.  
  5. #615

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    Default Re: Bitcoin

    Signs of a mania. Paying a 34% premium to invest in the bitcoin ETF is just out of this world.

    What could possibly go wrong here?

    “The Guggenheim Macro Opportunities Fund may seek investment exposure to Bitcoin indirectly through investing up to 10% of its net asset value in Grayscale Bitcoin Trust,” the firm said in a filing Friday to the U.S. Securities and Exchange Commission.
    https://www.bloomberg.com/news/artic...-bitcoin-trust

  6.  
  7. #616

    Default Re: Bitcoin

    Yeah, I made some decent hit and run trades recently but I have to see some of these gaps get filled before I'm jumping in again.

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

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

  8.  
  9. #617

    Default Re: Bitcoin

    Quote Originally Posted by tsptalk View Post
    Yeah, I made some decent hit and run trades recently but I have to see some of these gaps get filled before I'm jumping in again.
    One gap partially filled. I'd like to see it fall below 25 before getting back in. 24 looks like decent support.

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

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

  10.  
  11. #618

    Default Re: Bitcoin

    > $28,000 on Saturday!

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

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

  12.  
  13. #619

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    Default Re: Bitcoin

    Up 11% since 2021 - which began three days ago.

    Now we're seeing calls for 100,000 before the party ends.

    Despite owning a trifling amount, I prefer to just watch this from the sidelines.

  14.  
  15. #620

    Default Re: Bitcoin

    Quote Originally Posted by Bullitt View Post
    Up 11% since 2021 - which began three days ago.

    Now we're seeing calls for 100,000 before the party ends.

    Despite owning a trifling amount, I prefer to just watch this from the sidelines.
    It’s very tempting to buy some. However I don’t want to be in the correction

  16.  
  17. #621

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    Default Re: Bitcoin

    Max Kaiser is calling for $220,000 this year. He was correct with his call for $28,000 for 2020.

    https://www.youtube.com/watch?v=PmEtVoF63IM

    I've been in and out of GBTC many times over the last year and it's a big reason my IRA was up 198% last year (and already up over 10% this year in just 4 days). You just have to be nimble!

    Personally I think Lyn Alden's prediction of around $100,000 by December is more reasonable, but who knows, FOMO is a powerful thing.


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  19. #622

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    Default Re: Bitcoin

    I bet a couple months of lunch money on bitcoin and I'm up some 325% in less than six months.... come on, let's get real here. I don't like gambling and I feel like this is all it is.

    There are ZERO fundamentals on how can anyone properly value it. Risk is gone, 100,000, 140,000, 250,000, what difference does it make? I know accredited investors are getting involved, but the reality is, most are only investing 1-2% of their assets into it. For some reason the retail investor takes that as a green light to go 20-50% into it.

    Does anybody even buy stuff with it anymore?

    I still think North Korea or China will find way to infiltrate the blockchain and poison or rob the system. All the bulls ever say is it can't be hacked or manipulated. Again, no risk here at all. Just buy it, throw a huge smile on your face while going on CNBC trying to convince the serfs to buy some.

  20.  
  21. #623

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    Default Re: Bitcoin

    Quote Originally Posted by Bullitt View Post
    I bet a couple months of lunch money on bitcoin and I'm up some 325% in less than six months.... come on, let's get real here. I don't like gambling and I feel like this is all it is.

    There are ZERO fundamentals on how can anyone properly value it. Risk is gone, 100,000, 140,000, 250,000, what difference does it make? I know accredited investors are getting involved, but the reality is, most are only investing 1-2% of their assets into it. For some reason the retail investor takes that as a green light to go 20-50% into it....
    I hear you, but the security of the blockchain is what is valuable. If it is hack proof, you always have it, you can't be robbed. The technology is what is of value. What's the difference of gold prices and it's value against currency. Since we've left the standard, why do these prices fluctuate drastically when economic turns North or South?

    I use blockchain technology for data on systems to provide me evidence of providence and pedigree of data to ensure accuracy.

    Currency is tied to nations. Blockchain isn't. The debate starts when you take value away from governments and give it to the people.
    THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
    Tracker =
    Check my position

  22.  
  23. #624

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    Default Re: Bitcoin

    It sure does have a good story. I've got nothing against the technology, it's just that trees don't grow to the sky and there's no such thing as a sure thing. Fans of "fill in the blank" Coin promise both and aren't afraid to tell you they have their entire little pink piggie bank invested in it.

    Ethereum technology looks promising. Any time a middle man is cut out it benefits both sides. It's also time to take our internet infrastructure to a new level. We're still playing with tech from roughly 20 years ago.

    ETH smart contracts: https://www.tsptalk.com/mb/bitcoin-cryptocurrencies/27724-ethereum-post650226.html#post650226

    Bitcoin really has no use except to hoard and hope to sell higher. That is evidenced by three years of stagnant transactions per day.

    coin.JPG

  24.  
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