Page 64 of 69 FirstFirst ... 14546263646566 ... LastLast
Results 757 to 768 of 824

Thread: Bitcoin

  1. #757

    Join Date
    Sep 2006
    Location
    Upstate NY
    Posts
    3,874
    Blog Entries
    46

    Default Re: Bitcoin

    Is that hammer going to be a floor or further downside?

  2.  
  3. #758

    Join Date
    Sep 2006
    Location
    Upstate NY
    Posts
    3,874
    Blog Entries
    46

    Default Re: Bitcoin

    Is that hammer going to be a floor or further downside?

  4.  
  5. #759

    Join Date
    May 2011
    Location
    Florida
    Posts
    1,840
    Blog Entries
    6

    Default Re: Bitcoin

    Oof... long term buy and hold... crypto is volatile... keep telling myself these things... everything is going to be okay....

  6.  
  7. #760

    Default Re: Bitcoin

    Bitcoin is showing some life, moving back above $50K today after a rough month. Is this just a pre-holiday fake out, or a real breakout? If it's real, it looks like $53K may be the next obstacle.

    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.

  8.  
  9. #761

    Join Date
    Sep 2006
    Location
    Upstate NY
    Posts
    3,874
    Blog Entries
    46

    Default Re: Bitcoin

    Minor technical break of that 45,000 level today with next real support at 40,000. All those accounts buying on leverage aren't going to like higher interest rates.

    Now down 35% from it's peak, but don't worry, "this is normal behavior for crypto."
    Last edited by Bullitt; 01-05-2022 at 03:14 PM.

  10.  
  11. #762

    Join Date
    Sep 2006
    Location
    Upstate NY
    Posts
    3,874
    Blog Entries
    46

    Default Re: Bitcoin

    GS saying BTC could do a little more than double in five years.

    Bitcoin could get to $100,000 if its market share of the “store of value” market were to increase to 50%, estimates Goldman analyst Zach Pandl.

    Hitting $100,000 implies Bitcoin would see annualized returns of 17% over the next five years.
    https://www.barrons.com/articles/bit...ys-51641407311

  12.  
  13. #763

    Default Re: Bitcoin

    I've been buying GBTC and ETHE on the way down and it is starting to feel like a bottomless pit.

    GBTC is currently at a 20% discount to the price of bitcoin, although it has been at some discount since about last spring.

    https://ycharts.com/companies/GBTC/d...premium_to_nav
    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.

  14.  
  15. #764

    Join Date
    Sep 2006
    Location
    Upstate NY
    Posts
    3,874
    Blog Entries
    46

    Default Re: Bitcoin

    "It's an inflation hedge."

  16.  
  17. #765

    Join Date
    Sep 2006
    Location
    Upstate NY
    Posts
    3,874
    Blog Entries
    46

    Default Re: Bitcoin

    For those watching recent Kazahkstan events.

    Kazakhstan had also become in recent months a favored destination of Bitcoin miners who chose to leave China after Beijing’s recent crackdown on crypto assets. According to Cambridge University, it is only second to the U.S. for the amount of energy dedicated to crypto mining. The shutdown of the internet on government orders means that operations will have to cease for now, contributing to the fall in Bitcoin prices Thursday.
    https://www.barrons.com/articles/rus...ns-51641467131


  18.  
  19. #766

    Join Date
    Sep 2006
    Location
    Upstate NY
    Posts
    3,874
    Blog Entries
    46

    Default Re: Bitcoin

    Makes me think most of the buying here is on leverage in futures, GBTC and other trust funds where "owners" don't have their own keys.

    The increasing correlation is slowly wiping out the perception that Bitcoin can help diversify risk and act as a hedge against wild swings in other asset classes. It has also been moving inversely to the 10-year Treasury yield, dispelling its characterization as an inflation hedge.
    https://www.barrons.com/articles/thi...?mod=hp_LATEST

  20.  
  21. #767

    Default Re: Bitcoin

    Bitcoin Sags in 2022 Under Weight of Stock Selloff and Fed Policy
    Crypto markets mirror traditional markets with surge of institutional investors

    The Federal Reserve is casting a shadow over cryptocurrencies.

    Like stocks, cryptocurrencies have extended a selloff to start the year because of expectations that the central bank will raise interest rates as early as March.

    Bitcoin, the largest cryptocurrency, is down 8.7% year to date, according to CoinDesk, and the second-largest, ether, is down 14%.
    https://www.wsj.com/articles/bitcoin...hare_permalink
    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.

  22.  
  23. #768

    Default Re: Bitcoin

    The elites hate bitcoin...


    IMF urges El Salvador to drop Bitcoin as legal tender


    The International Monetary Fund wants El Salvador to drop the highly volatile cryptocurrency Bitcoin as legal tender and strictly regulate the electronic wallet the government has pushed adoption of across the country
    https://abcnews.go.com/International...ender-82468694
    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.

  24.  
Page 64 of 69 FirstFirst ... 14546263646566 ... LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
S&P500 (C Fund) (delayed)
Bitcoin
(Stockcharts.com Real-time)
DWCPF (S Fund) (delayed)
Bitcoin
(Stockcharts.com Real-time)
EFA (I Fund) (delayed)
Bitcoin
(Stockcharts.com Real-time)
BND (F Fund) (delayed)
Bitcoin
(Stockcharts.com Real-time)

Yahoo Finance Realtime TSP Fund Tracking Index Quotes