The bitcoin chart looks perfect for longs! Not hoping to jinx it but it is behaving well and within expectations. I'm holding long crypto atm.
Makes sense, but I almost wonder if this is legal. Absolutely, there is the most juice there, but when I look at all the stuff that is below the 1B mark, its stuff like AXS or MANA or SAND or FTM that I remember from 2021, and I honestly just don't see them pumping again. I almost think its either going to be something new, or nothing. All of the stuff with scaling solutions or gaming related just seems to be dead to me, but that could of course be the time to buy. What do you think about the miners? I see Mike Alfred talking about them very positively, and they clearly haven't kept up with the BTC price. If we consider that BTC only needs a 2x to get to ATH, stocks like RIOT or MARA would do about a 7X to get to their ATH. Its built in leverage in a way, without taking on any leverage by just holding a stock.
I'm pretty sure it's legal to pump and shill any investment. They have 20-30 guests every day on CNBC pumping and shilling stocks and investments, bunch of crooks, should get the SEC put them all in jail I don't like stocks, they are boring, and do not trade 24/7. Options are better, but tbh, now that the bull market is starting in cryptos, for me it's much better to trade cryptos Maybe for long term, I'd invest in stocks MSTR or AMD, but not any time soon...
NOT FINANCIAL ADVISE My borrow was getting painful on $Cake, had to add more collateral, anyway, been buying $Cake and re-paying the defi borrow (in TradFi-speak, been covering my $Cake short) What this will mean is that when I get my staked $Cake coin, I will not be flat $Cake, as I'm not 100% short against the staked $Cake amount If $Cake continues to go up, may end up to completely repaid on my defi-borrow There's some planed protocol upgrades and developments (improvements) on $Cake plus crypto bull market tide has lifted all good crypto projects boats
I'm expecting a soft pop, meltup from here, a type of increased acceleration over the next day or two. Let's see how the call plays out.
Are you still short btc? You told me to post rumors, so here's the latest rumor on the etf I can't find the other tweet but supposedly because of the quiet period, 11/9 to 11/17 will be the approval window, good luck to all
No. I took your advice and unloaded. I have a resting order to go short at 36,720 though. Shouldn't it have been approved by now? The way BTC is moving, I can't really tell although it looks just like any other "buy the rumor and sell the news". But I personally like Genssler. I give him more credit than any of his predecessors. Just my 2-cents.
It should have been approved before the btc futures etf a couple of years ago, but the decision is up to Gary Jan 10 is another date that is supposed to be a target for approval Your short target price may get hit today Good luck, in the short term, btc could be volatile and longs and shorts can both profits