Pullback this weekend...
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.
Pullback this weekend...
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.
Crazy how hard crypto can rip to the downside. This weekend was something like 15% and look how small it looks on that chart compared to early March. Whats is that, 9200 to 4000 in 7 days back in March? More than 50%. Wow.
Cup and handle breakout coming?
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.
She's a climbin'! At $12.2K, we are at the highest level since coming off the December '17 all time high.
https://www.tradingview.com/symbols/BTCUSD/
Some questions for those involved in crypto trading:
What percentage of your assets go into crypto?
How do you keep track of your transactions come tax time?
I switched from trading bitcoin to just GBTC so I report it just like reporting any other stock transaction.
When I was trading crypto, coinbase gave a nice detailed report of your transactions.
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.
Sheesh. So much for bitcoin being an alternative investment. Down 15% in the last three sessions. Seems everything moves in the same direction these days.
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've read that the Chinese are very heavily into bitcoin - for various reasons. The rich have always purchased real estate abroad because the rules allow it. Stocks, not so much. Despite all their rah-rah for their great leader rhetoric, the well-off all have exit strategies if/when they depart for less authoritarian places to live.
Wonder how much of that $50B went into propping up TSLA and AAPL?
https://www.cnbc.com/amp/2020/08/21/...al-flight.htmlOver $50 billion of cryptocurrency moved from China-based digital wallets to other parts of the world in the last year, pointing to possibilities that Chinese investors are transferring more money than allowed out of the country, a new report claims.
Chinese citizens are only allowed to buy up to $50,000 of foreign currency a year at a financial institution. In the past, wealthy citizens have circumvented the limit through foreign investments in real estate and other assets.
Some nice setups on the Bitcoin weekly candlestick chart suggesting a bull run over the next few months:
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
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Yahoo Finance Realtime TSP Fund Tracking Index Quotes |
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