Hey John. Not really following the thread, just saw your name and wondered what you were up to. I'm still watching Bitcoin, waiting for it to decide which way it's going. Kind of a wedge right now. Lower highs and higher lows. Gotta wait for a trend before I jump in. Took a small position in BITO on the 28th of march (Looked like a trend line break) but got stopped out for a small loss. Also took a small loss in HUT.
Sorry to hear of your failed trades on Bitcoin-related stocks Bitcoin is being treated as another risk-asset by the stock market There's a strong correlation of Bitcoin to the Tech Stocks as many investors are invested in both During this Fed interest rate hike and anticipated Quantitative Tightening, risk assets are being sold off. Investors in tech stocks are raising cash (to meet margin calls) and they sell Bitcoin investments Hedge funds gonna do hedge fund things. They see Bitcoin as a short to hedge long positions in SPY/NDX and other growth stocks ---------------- The correlation of Bitcoin to the stock market will break, imho. We just need a catalyst. It could be something like Argentina announcing Bitcoin as legal tender As Greg Foss says, the whole world is short volatility, and Bitcoin is a long-volatility asset. An insurance and a hedge against the hundreds of trillions of $ worth of debt securities It all goes over my head but when I listen to Greg speak, I get that moment of clarity, then I smile
I hope your speculation in this is successful, but that seems risky for a significant portion of your net worth because you won't know its value until it sells. I heard the owner of this one changed his retirement plans when he saw how much the market thought his bored ape was worth.
That belongs to Tom Brady, I get offers like that all the time, you just ignore them and they expire There are liquidity bots on Bored Apes, keep checking and you'll see a valid bit from one of these bots at about 10-12% below price floor
The Baltic nations of Latvia and Lithuania are following the example of other investor nations and are about to tighten their grip around crypto regulations. The new rules will focus mainly on the prevention of money laundering. Estonia already adapted a stricter AML regulation following the invasion of Ukraine by Russia, as more Russians are using to funnel crypto money to fund their military operations. In Lithuania, the finance ministry has propose that all new crypto firms be required to hold at least €125 000 as proof of capital and to be able to abide by brand new transparency rules that will allow regulators to check for inconsistencies in files and reports. Moreover, all Lithuanian crypto businesses, those with international headquarters, will be required to hire at least one local manager.
Now BTC is moving in a range (38k to 43k) which is in a range (36k to 47k) It is getting far too peaceful. ___________________________
*** Post is for entertainment purposes only *** What a great time to be alive!! Always be thankful for the blessings that we have W. Woo's subscription service has ended and at the worst possible time in the Bitcoin market cycle, but it is what it is If you're feeling nervous regarding your Bitcoin and crypto portfolio, see the video below for very good advise imho EDIT: video was removed by publisher, will post link to video once it's available again There may be more pains ahead for all markets and all investments. Be careful, stay strong, and hodl or dca. NFA ---------------- https://www.youtube.com/channel/UCpXgdZ7GK3j5RaK0vaNvtaw/videos
Sorry about that. It was the latest video from Mariah, maybe she's doing some edits https://www.youtube.com/channel/UCpXgdZ7GK3j5RaK0vaNvtaw/videos