"The upshot, he continued, is that it’s “very likely” that both the new ETFs and bitcoin itself will fall in coming days and weeks."
Do bitcoin ETFs have a place in retirement portfolios? - MarketWatch
"The upshot, he continued, is that it’s “very likely” that both the new ETFs and bitcoin itself will fall in coming days and weeks."
Do bitcoin ETFs have a place in retirement portfolios? - MarketWatch
"Our Constitution was made only for a Moral and Religious people. It is wholly inadequate to the goverment of any other." John Adams 10/11/1798
When's the next rug pull going to happen? I can see the halving being the next big sell the news event and that's coming up in April. It seems like $100,000 is the goal of this current mania even though that's a bit less than 100% away.
Like JTH said, if you buy bitcoin for the reasons it exists, you wouldn't do it through an ETF. With the ETF's, I wonder how much speculation will increase. Besides the ease and accessibility, you now have options to make even more of a gamble. Also being an ETF in a brokerage account, taxes are no longer some kind of artful project which involves having to pay a third party to track. It will all be done for free by your broker via 1099 at the end of the year.
Bitcoin jumps above $60,000 for the first time since November 2021
Bitcoin jumps above $60,000 for the first time since November 2021
Tom
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I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Across 63-sessions that's about a -16% from Standard deviation 3 back down to the centerline. But for myself, I've found technical analysis really doesn't work the same in the crypto world. Too many shady exchanges with questionable volume and large bag holders dumping quietly out the back door.
But I will say the speculation is good as a broad indicator that money is pouring into the markets.
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Retired, 50G/50C_ BLOG: Stats for April, 2024 Stats
How many of those new ETF buyers will be willing to hold once the first sign of trouble comes?
ETF'ers got their first bit of turbulence today. Down over 6%, but at one point it was down 13% from the prior day close. Dealing with the ETF is much simpler than the actual "coin", especially when it comes to cost basis, taxes, fees, and execution. It's just as easy to hit the sell button the ETF as it is to hit buy.
This is what I find interesting, how will the ETFs move BTC, or will BTC move the ETFs, it seems the tail can wag the dog now. I emptied my crypto wallet last year, because of the tax hassle and shady exchanges. Now we have safer (less difficult) opportunities to work with.
For myself, I've chosen to use FBTC (Fidelity Wise Origin Bitcoin Fund ETF), but there's no way I'm going to let the position get too big.
Retired, 50G/50C_ BLOG: Stats for April, 2024 Stats
BTC is seeing some weekend volatility and possibly threatening the psychological $60k level. With BTC down 15% from the high, how many ETF buyers will be looking to sell on Monday before it goes lower?
Looks like this might have been a response to Iran launching drones towards Israel.
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