Page 66 of 69 FirstFirst ... 16566465666768 ... LastLast
Results 781 to 792 of 824

Thread: Bitcoin

  1. #781

    Default Re: Bitcoin

    300 EMA.

    The 200 is being tested right now as well, but it didn't have quite the same significance in prior tests as the 300.

    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.

  2.  
  3. #782

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

    Default Re: Bitcoin

    Nice break above the recent high range of $44K, now into the $47K range. Haven't been here since late December / early January. Looking bullish.

  4.  
  5. #783

    Default Re: Bitcoin

    A big gap was opened in the bitcoin futures between Friday's high of 45400 and today's low of 46550.
    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.


  6.  
  7. #784

    Default Re: Bitcoin

    Quote Originally Posted by tsptalk View Post
    300 EMA.
    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. #785

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

    Default Re: Bitcoin

    Resistance becomes support!

  10.  
  11. #786

    Default Re: Crypto News

    El Salvador buys the bitcoin dip, adding 500 coins to its balance sheet

    El Salvador just added another $15.5 million worth of bitcoin to its balance sheet, as the world’s most popular cryptocurrency continues its sell-off.

    In a tweet on Monday, President Nayib Bukele revealed that the country bought the dip, adding another 500 bitcoin to government coffers.

    It is El Salvador’s largest coin purchase since it first began adding the digital currency to its balance sheet in Sept. 2021 — the same month it became the first country to adopt bitcoin as legal tender, alongside the U.S. dollar.
    https://www.cnbc.com/2022/05/09/el-s...continues.html
    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.

  12.  
  13. #787

    Join Date
    Sep 2006
    Location
    Upstate NY
    Posts
    3,876
    Blog Entries
    46

    Default Re: Crypto News

    Think about about much money El Salvador has lost in bitcoin. Why does president of El Salvador feel the need to announce that he's buying bitcoin? Does he think he's going to cause a monster rally like Musk did with Dogecoin? The party is over.

    What happened to all those laser eyes?

  14.  
  15. #788

    Join Date
    Sep 2006
    Location
    Upstate NY
    Posts
    3,876
    Blog Entries
    46

    Default Re: Crypto News

    Now this is interesting. Selling to "meet margin calls". I thought he mostly ran mutual funds, but maybe he's involved in private funds also.

    Miller Value Partners Chairman Bill Miller told CNBC he sold some of his bitcoin (BTC) holdings to raise cash to meet margin calls... noting that when times get tough, one wants to sell very liquid assets. Bitcoin fit the bill.
    He also has an enormous margin of safety having allegedly bought his bitcoin sub $1,000.

    Miller first purchased the crypto when it was in the $200-$300 range.
    https://www.coindesk.com/business/20...-margin-calls/

  16.  
  17. #789

    Join Date
    Sep 2006
    Location
    Upstate NY
    Posts
    3,876
    Blog Entries
    46

    Default Re: Crypto News

    Saylor's business is about to get a margin call, and when he does, goodbye crypto.

    MicroStrategy is now underwater on its bitcoin holdings due to the crypto market tumble.

    MicroStrategy’s cost basis was roughly $30,700 per bitcoin, as of March 31, according to its first-quarter earnings report. As of the same date, the company owned roughly 129,218 bitcoins, spending a total of $3.967 billion to acquire them.

    “We took out the loan at 25% LTV. The margin call occurs at 50% LTV. So essentially, bitcoin needs to cut in half, or around $21,000, before we’d have a margin call,” Le explained on the May 3 earnings call. “That said, before it gets to 50%, we could contribute more bitcoin to the collateral package so it never gets there, so we don’t ever get into a situation of a margin call.”
    https://www.cnbc.com/2022/05/12/micr...nderwater.html

  18.  
  19. #790

    Default Re: Crypto News

    Quote Originally Posted by Bullitt View Post
    Think about about much money El Salvador has lost in bitcoin. Why does president of El Salvador feel the need to announce that he's buying bitcoin? Does he think he's going to cause a monster rally like Musk did with Dogecoin? The party is over.

    What happened to all those laser eyes?
    Yeah, I agree with you also, he deleted the bitcoin from his Twitter bio, nowadays, It seems we have passed laser eyes!

  20.  
  21. #791

    Join Date
    Sep 2006
    Location
    Upstate NY
    Posts
    3,876
    Blog Entries
    46

    Default Re: Crypto News

    I'm still dollar cost averaging into bitcoin but I don't ever expect it to be more than 1% of my investments. Diversification is the reason why. It's considered an asset, continues to become more widely adopted, and might be a diversifying asset among portfolios. Going all in on crypto is not a smart decision.

    99% of crypto projects are flat out frauds. Maybe some day bitcoin will have some tangible value besides buying and dropping in a digital wallet, but I seriously doubt it. It failed as any kind of inflation hedge and multiple stable coin projects went up in smoke this past month. On the other hand, the technology is real and could have applicability some day in the real world.

  22.  
  23. Default Re: Crypto News

    Ever since I started learning about crypto (starting Jan 2021), I've learned so much about macro and fiat to the point it makes me feel sick and disgusted with the way our monetary system is managed.

    I started with discovering the use case for bitcoin, then I discovered L1s, L2s, oracles, IoT, NFTs, and many other utilities. I do believe blockchain based gaming, metaverses, audio and video streaming, and cloud storage options are going to explode through this upcoming cycle.

    After reading some of these comments I can see how people haven't done the due diligence required to understand crypto and its purpose(s). Hopefully the bill that Senator Lummis is trying to push through will gain traction with the majority on both sides of the isle; if not, I'd hate for us to fall behind in harnessing technology that blockchain/Web3 offer and taking advantage of the hardest asset: BTC.


  24.  
Page 66 of 69 FirstFirst ... 16566465666768 ... 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