Is Tether stablecoin what determines bitcoin price print on tape?

Discussion in 'Crypto Assets' started by KINGOFSHORTS, Mar 19, 2021.

  1. RedDuke

    RedDuke

    why impossible? I always keep an open mind, and once facts change I change with the facts. Too bad I realized it too late.
     
    #11     Mar 20, 2021
    johnarb likes this.
  2. ZBZB

    ZBZB

    become an expert on the stock to flow model.
     
    #12     Mar 20, 2021
    johnarb likes this.
  3. johnarb

    johnarb

    [Disclosure: I'm not a financial advisor]

    I do not think it's too late

    Bitcoin is in a bull market. Institutional investors, endowments, retail investors, famous investors, publicly traded companies are still buying bitcoins

    If you buy 1 bitcoin right now right now, currently at low ~$59K and hold it until bitcoin hits $100K or eoy, it will be a profitable trade

    What's your risk? You think bitcoin is going to $0? Naah, not gonna happen. back to $20K? in a bitcoin bull market phase, I don't think so

    You can adjust that trade according to your risk tolerance. Buy 0.5 bitcoin or 0.1 bitcoin or 2 bitcoins or 5 bitcoins or 10 bitcoins, why not?

    Now, if you're referring to the wild returns from bitcoin, like if you want to risk $60K to make $250K, it is possible on this bitcoin bull market cycle, but not a high probability.

    If you want to turn the $60K into $500K or $1M, it's best to wait for the next bull market cycle, so hodl that bitcoin and don't sell it for 5 years or longer
     
    #13     Mar 20, 2021
  4. RedDuke

    RedDuke

    thanks a very thorough Advice. I think I will buy ethers. Not many, like 10 for starters. Planning to Open coinbase account next week and will wait for a pull back. I am in US, any other reputable firms you might recommend ?
     
    #14     Mar 20, 2021
  5. RedDuke

    RedDuke

    my expertise lies in a different Area. This is more of a gamble trade so to speak.
     
    #15     Mar 20, 2021
  6. ZBZB

    ZBZB

    maybe stock to flow means it is not a gamble.
     
    #16     Mar 20, 2021
    johnarb likes this.
  7. RedDuke

    RedDuke

    can you please elaborate what you mean by stock flow.
     
    #17     Mar 20, 2021
  8. ZBZB

    ZBZB

    google bitcoin stock to flow.
     
    #18     Mar 20, 2021
  9. RedDuke

    RedDuke

    Ok. Thank will do.
     
    #19     Mar 20, 2021
  10. johnarb

    johnarb

    I use Coinbase and Coinbase Pro. I heard good things about Kraken. I will be signing up for Gemini as a backup US exchange


    You think these companies and the people in-charge are gambling with this much $$$$$? What about Paul Tudor Jones, Harvard and Yale endowments, do you think they are gamblers?

    https://bitcointreasuries.org/
     
    #20     Mar 20, 2021