Bitcoin

[Zero000]

Down 20.8% today not looking so clever.

 

[Folsom]

It is if you sold at the height yesterday...

 

[Zero000]

The general trend is rise. The supply is drying up as miner's yields drop and the supply will continue to fall until no more enter the market.

I think in two years time the gains could be appreciable. Massive, even.

Then again...

 

[NorthStar]

This recent spike must have something to do with a country heavily sanctioned financially.

 

[KeithR]

Oh? What’s the next low? Maybe I should follow your advise?

Nothing but air, so I'd guess $10000 first stop, $8,000 should provide support.

 

[NorthStar]

Buy Disney shares instead; Marvel comic super heroes are a solid investment for a very long time to come...no Mickey mouse stuff here.

...Avengers, Spider-Man, Captain Marvel, Black Widow, ...
And the Star Wars franchise, and the Avatar franchise, and the PIXAR franchise...The Incredibles, Toy Story, ...all the super Disney world animations and Disneyland Theme Parks and Resorts worldwide.

Bitcoin is for worldwide crooks and rats eating rats.

 

[Folsom]

Here's why the price wouldn't drop below 12900 for awhile, despite volume. (and this is after they sold a few, it was nearly $37m)

 

[KeithR]

I almost bought $GBTC around 10,500 but it spiked the day after and I didn't want to chase. Figured there was at least going to be a bounce.

 

[Folsom]

Maybe I'm foolish, but since there are no major reason for it to go up or down right now (the halving isn't till next spring), I've been just going off of overbought/oversold and ignoring everything else for several trades lately. It's easy to get FOMO, because it bounces every time and optimizing price is tough, but I haven't a loss yet. I'm sure I'll get rammed before long for some reason... as long as I've been climbing prior I guess I won't worry too much. It's all minor until after next spring.

 

[KeithR]

well, BTC is back under 8k...seems the bear market is back in place. not really sure where this goes honestly

 

[Folsom]

It’s a decent time to fiddle. I’m sure it’ll pump above 10k at some point before May. But when the halving starts then the craziness will ensue. The question is if the correction will spark the huge buying process it did last time. It should be easy as pie to least double, as long as you don’t get too starry-eyed. It’ll be turbulent for sure.

 

[KeithR]

I’m long $BTC and have been so for around a month. Feel the move is just getting started

 

[Folsom]

I’m long $BTC and have been so for around a month. Feel the move is just getting started

The halving will catch up. I'm not sure about right this second, but it will, and the adjustment will not be super light.

 

[Ron Resnick]

I still have the BTC, BCH, ETH, LTC I bought at higher prices three years ago, so I am with you, Keith!

 

[Folsom]

I still have the BTC, BCH, ETH, LTC I bought at higher prices three years ago, so I am with you, Keith!

Whether you want to be or not...

 

[Ron Resnick]

Whether you want to be or not...

True! But I also have some Galaxy Digital (Novogratz blockchain investment bank-type business) which is helping.

 

[Folsom]

Have you checked lately?

 

[Zero000]

JP Morgan predicting 100k to 240k $ per bitcoin or thereabouts by the end of 2021.

Crazy.

 

[KeithR]

Bitcoin $25k was a nice Christmas present. Fear a temporary end is near though looking at volume patterns. $30k will be a big struggle if it even gets there.

 

[Ron Resnick]

Bitcoin $25k was a nice Christmas present. Fear a temporary end is near though looking at volume patterns. $30k will be a big struggle if it even gets there.

Please tell us when to buy after the next blow-off decline.