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Thread: Bitcoin

  1. #745

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    Default Re: Bitcoin

    BITO getting hit today on 3rd day of trading. Basically anyone who bought is flat or underwater at this point. When it goes up, it's much easier to say, "It's a long term investment." "I'm in it for the long run." "I can handle the volatility".

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  3. #746

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    Default Re: Bitcoin

    From a technical analysis perspective, the bitcoin chart looks pretty bearish to me with this inverse head and shoulders pattern playing out. Downside target looks to be around 52-53K.

    https://www.tradingview.com/chart/BT...s-for-Bitcoin/

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  5. #747

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    Default Re: Bitcoin

    Quote Originally Posted by bmneveu View Post
    From a technical analysis perspective, the bitcoin chart looks pretty bearish to me with this inverse head and shoulders pattern playing out. Downside target looks to be around 52-53K.

    https://www.tradingview.com/chart/BT...s-for-Bitcoin/
    Looks like BTC wants to break above that neckline today and invalidate this bearish trade setup. I would be very happy if that happened as I have a lot of money in crypto!


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  7. #748

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    Default Re: Bitcoin

    And I'm sure once it does make a new high, everyone will come piling in again.

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  9. #749

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    Default Re: Bitcoin

    New All Time High set, $68,521 according to CNBC. Ethereum also at ATH of $4,840.

    https://www.cnbc.com/2021/11/08/bitc...ime-highs.html

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  11. #750

    Default Re: Bitcoin

    Tim Cook says he owns cryptocurrency and he’s been ‘interested in it for a while’

    Apple CEO Tim Cook said he personally owns cryptocurrency on Tuesday at the DealBook conference.

    Cook said that he had been interested in cryptocurrency “for a while” and that he had been researching the topic.

    Cook said that his interest was from a “personal point of view” and dismissed suggestions that that Apple might take cryptocurrency in exchange for products as tender or buy it with corporate funds.
    https://www.cnbc.com/2021/11/09/appl...ocurrency.html
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

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

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  13. #751

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    Default Re: Bitcoin

    I hear that crypto currency is inventing a new type of battery for electric vehicles.
    A source for the crypto is stating that their new battery extends the range of electric vehicles by 10x.
    Amazing. Much like Cook's (at the time Job's) Apple, crypto is inventing the future and will thus position itself for huge market share gains

    Lookin' up at the 'G Fund'!!!

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  15. #752

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    Default Re: Bitcoin

    Quote Originally Posted by Boghie View Post
    I hear that crypto currency is inventing a new type of battery for electric vehicles.
    A source for the crypto is stating that their new battery extends the range of electric vehicles by 10x.
    Amazing. Much like Cook's (at the time Job's) Apple, crypto is inventing the future and will thus position itself for huge market share gains

    I don't know if any of that is real, but I know the dollar signs in my account are very real!

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  17. #753

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    Default Re: Bitcoin

    Quote Originally Posted by bmneveu View Post
    I posted this on 10 April 2013 when Bitcoin was at $250. Wish I had bought that dip! I didn't start investing into crypto until 2017 when Bitcoin was around $10k.

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  19. #754

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    Default Re: Bitcoin

    Somehow this news will probably cause the price of most cryptocurrencies to go up. India is a large populous with much rural and poor areas that do not have access to the banking system. At first glance, it would make sense for a country like India to go the way of of El Salvador, but India is much larger, has much bigger issues to contend with, and actually has a growing economy.

    If it can't be used to transact, what is it then? A "hard" asset? A store of value? An inflation hedge? India seems to think it's none of those.

    India is likely to bar the use of cryptocurrencies for transactions or making payments, but allow them to be held as assets like gold, shares or bonds, the Economic Times reported on Wednesday.

    Citing sources familiar with the government’s thinking, the newspaper said this approach would avoid implementing a complete ban, though the government was keen to stop crypto companies, including exchanges and platforms from actively trying to attract new investors.

    The crypto community has made several representations to Indian authorities asking to be classified as an asset rather than as a currency, in order to gain acceptance and avoid a ban.

    The Reserve Bank of India has so far appeared very reluctant to accept cryptocurrencies, expressing concerns over potential risks to macroeconomic and financial stability, and capital controls.
    https://www.reuters.com/article/indi...-idUSL4N2S811J

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  21. #755

    Default Re: Bitcoin

    Looking for support in bitcoin...

    Tom
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  23. #756

    Default Re: Bitcoin

    Bitcoin loses $10,000, or 17%, in 24 hours after overnight rout

    Bitcoin prices dropped sharply Saturday early morning hours ET, plunging to a low near $43,000 before rebounding some.

    The crypto lost about $10,000, or more than 17%, in a 24-hour period from Friday to Saturday.

    The price of ether dived as well, falling as low as $3,500 on Saturday.

    Bitcoin was at around $57,000 Friday morning before it began falling as stocks sold off on Wall Street.
    https://www.cnbc.com/2021/12/04/cryp...p-sharply.html


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

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


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