Bitcoin

[Ron Resnick]

BTC to a new all-time high of US$66,999.

I'm glad I just hold and not trade this particular asset.

But BTC and its proxies likely are extremely overbought right now. If I were a trader, and not a holder, I would sell a quarter to a half here.

 

[KeithR]

Been a nice short squeeze lately. I think the interesting thing about BTC is its supporters don't have a single bearish case.

 

[andromedaaudio]

Been a nice short squeeze lately. I think the interesting thing about BTC is its supporters don't have a single bearish case.

Higher lending / interest rates .
That would be a bearish case i reckon.
I m not sure their supporters think about that .
Another would be electricity failure / higher energy ( mining costs )

 

[Ron Resnick]

. . . I think the interesting thing about BTC is its supporters don't have a single bearish case.

+1 This is totally true!

China allows Bitcoin: "Bullish for Bitcoin!"

China bans Bitcoin: "Bullish for Bitcoin!"

USA regulates Bitcoin: "Bullish for Bitcoin!"

Federal Reserve supports Bitcoin: "Bullish for Bitcoin!"

China permits Bitcoin mining: "Bullish for Bitcoin!"

China bans Bitcoin mining: "Bullish for Bitcoin!"

BTC rises: "Bullish for Bitcoin!"

BTC declines: "Bullish for Bitcoin!"

More people talk about Bitcoin: "Bullish for Bitcoin!"

Jamie Dimon says BTC is a fraud: "Bullish for Bitcoin!"

JPMorgan trades BTC: "Bullish for Bitcoin!"

No matter what the question is, no matter what the issue is, the answer is: "Bullish for Bitcoin!"

 

[andromedaaudio]

Lol, peter schiff would say :
"" They just have to find a bigger fool everytime to drive up the price"
But i guess that could be said for many asset classes in a way .

 

[Zero000]

The Audius link I posted earlier. Just playing a few tracks on their Android app now. Haven't use it in a while.

Playing the top tunes and there's plenty of wrap about Bitcoin and NFTs to brainwash the kids.

Capture de yout and de future is assured!

Making me smile

Audius Music - Apps on Google Play

Audius lets you discover & stream up-and-coming artists!

play.google.com

 

[Zero000]

Woof.

Give a dog a bone.

 

[Zero000]

Yes that was a reference to the Doggy coins Shiba and Doge.

Never ceases to amaze me why they are where they are in the charts. At least Shiba appears to have some decent utility. But its performance has just been crazy recently.

It has to calm down at this level of market cap. Maybe it is doing that now.

 

[Ron Resnick]

Coinbase has BTC at all-time high of US$67,841.

 

[Zero000]

Dipped by false Evergrande FUD.

Even if it was real, I don't personally see the logic of selling. China has the potential to cause serious issues. Fiat isn't going to save you if it does.

Plan B says $98K by end of November. Will be be more or less right again?

 

[bonzo75]

Dipped by false Evergrande FUD.

Even if it was real, I don't personally see the logic of selling. China has the potential to cause serious issues. Fiat isn't going to save you if it does.

Plan B says $98K by end of November. Will be be more or less right again?

It dips every now and then to wipe ou t the high leveraged longs

 

[Zero000]

There goes my 100x....

Nah, stop loss is for pussies!

 

[andromedaaudio]

There goes my 100x....

Nah, stop loss is for pussies!

They re switching to gold / silver

 

[bonzo75]

There goes my 100x....

Nah, stop loss is for pussies!

So you must have a 3% stop loss then

 

[Zero000]

They re switching to gold / silver

The final vindication of Peter Schiff?

Gold is down 3% on the year at present and a dreadful performer for a very long time.

Hm.

 

[Ron Resnick]

I think gold (GLD) functions as good ballast for BTC. I own both permanently.

 

[Ron Resnick]

Dipped by false Evergrande FUD.

Even if it was real, I don't personally see the logic of selling. China has the potential to cause serious issues.

I am afraid I don't understand this. What are you even talking about?

 

[andromedaaudio]

The final vindication of Peter Schiff?

Gold is down 3% on the year at present and a dreadful performer for a very long time.

Hm.

On peters schedule im becoming a multimillionaire when im 65 .

 

[Zero000]

I am afraid I don't understand this. What are you even talking about?

Amazed you don't know Ron.

This was fake news, although they are in serious trouble. As are many Chinese property developers.

The potential worldwide impact of these companies going down is considerable.

 

[andromedaaudio]

Afaik real estate / construction is 26-28 % of GDP in china .
Main investment for chinese citizens is real estate .
So it definitively has the potential to become a big problem