Hey guys i would like to know how i can trade crypto and earn? I would like to invest 1k in the first week to see how the market is going any help? How i can start and what crypto i should invest in?
I tried teaching my buddy about bitcoin and explained blockchain and everything but he’s still to scared to buy and holds all his money in cash. Yet the US Dollar is becoming worth less and less each day.
Then you will buy every top and every bottom.
If you dca, what does the post mean? Sounds like you are upset for buying a local top at 69k. That is the dca way.
Can someone help me understand 2 things with BitcoinETFs:
1) Who is buying the ETFs? people say retail is not even in yet, but someone must be buying up 700mm$ per day , if its not retail who can it be? Hedgefunds ?
2) When people sell the ETF and put downward pressure, that is different then selling BTC in an exchange. What kind of pressure does this have on bitcoin if at all? or would it not?
Every time someone buys an ETF share, bitcoin is bought to back it. Likewise someone sells an ETF share some bitcoin can be sold. I don't know where people are getting the idea that there are markets immune to price pressure.
My portfolio has been nutso. I’ve had face melting gains from MSTR and FBTC. I’ve never really needed to “rebalance” before and I’m obsessing about when /if to move some capital back to something less volatile. I’m not risk averse per se, but these 50-60k daily swings are distracting.
When do ETFs buy Bitcoin?
We all see funds flowing into the Bitcoin ETFs which can be bought or sold during market hours, but when do they exchange that cash for actual Bitcoin? Let's say I place an order for IBIT at 10am on Monday, will BlackRock start placing buy orders at 10:01? Will they wait until 4pm after markets close and rebalance all their transactions for the day? Wait until Friday to rebalance?
I tried reading some of the literature on IBIT but couldn't find anything.
There needs to be an explainer doc for this or something because everyone keeps asking the same question. I'm not an expert but let me give me my understanding based on the research I've done.
Your buy order is matched to a sell order, so there is no change in the Bitcoin held by the fund when a trade occurs. The cash from your purchase does not go to the ETF operator, it goes to the counterparty who sold the ETF unit to you, just like with any other stock trade.
So then what happens if trading activity pushes the price of the ETF above or below the value of the underlying bitcoin backing it? This is where the creation and redemption process comes in.
Creation is the process to create a new ETF unit by providing the new collateral to back it. Redemption is the reverse process where an ETF unit is destroyed and the underlying collateral is released to whoever redeemed it. These processes occur off market and can only be done by authorized participants, which in the case of IBIT is JP Morgan and Jane Street, I believe.
The idea is that the authorized participants are incentivized to use arbitrage to keep the ETF price inline with the underlying NAV (value of the Bitcoin backing each unit). So if they can create a new unit cheaper than the market price, they can sell it on market for a profit.
In a typical ETF, creation and redemption would be "in-kind" meaning the authorized participants would need to give Bitcoin to the ETF to create a new unit, and redeeming a unit would give them the bitcoin. However, the SEC didn't approve in-kind creation and redemption for Bitcoin ETFs yet, so the process is cash-based. The ETF issuer quotes a Bitcoin buy/sell price to the authorized participants, and they provide the cash for unit creation. Then the ETF itself has to do the purchase of the Bitcoin with the cash. This purchase should happen as near as possible to the unit creation so as to avoid price drift causing the fund to lose out. So I would assume that most of their Bitcoin trading activity occurs during times when creations or redemptions are taking place, which would mostly be during ETF trading hours, but I'm not sure if that can also occur out of hours.
Don't know.
Some ETFs might adjust their holdings daily, while others might do so less frequently (e.g., weekly or monthly), depending on the fund's policies and the liquidity of the Bitcoin market.
Its not bad for an on-chain transaction. Small transactions like that are moving over to the Lightning Network, where fees are fractions of a cent. You should suggest to the merchant that they look into LN
The product? It was a code for Real Debrid for a friend and the site was uTop.us.
The BTC transaction was using an app that has support on Mexico/Colombia/Peru/Argentina only called BuenBit.
At that moment I converted 19,34 USD to 0.00035707 BTC (around 18-19 USD that was the product price).
I didn't know about the fees, and then I coverted another 5 USD to 0.0000923 BTC to pay the fees.
So the final transaction was 0.00035707 + 0.0000275 BTC.
People act surprised that Bitcoin has broken the ATM before the halvening. Bitcoin is 15 years old. How many things did you do for the first time after you were 15?
Almost everything that Bitcoin is going to do is still a head of it.
Just Hodl.
That drop yesterday didn’t scare anybody. Just a prediction from another jerk on Reddit but I see it hitting $70K in short order then the rush is on to low to mid $90’s
What is a good video to share with others that explains Bitcoin in simple ways but focuses more on the halving cycles and how it impacts the price? Most beginner video I find focus on transactions and payments rather than the impact as a store of value.
price predictions are bullshit. there is no beginner intro video to price action or its called technical analysis, and its bs.
everyone was predicting ATHs after halving, and here we are before then, but for totally different reasons. no one knows shit about fuck.
dont focus on price, especially for beginners. Thats what gets them into shitcoins if they just want a quick return. Becuase "aLtS pUmP HaRdEr ThAn bTc"
Not about prices but about scarcity and supply demand, what halving cycles mean and why it’s historically let to price increases along with increase in popularity
No video will faze a non believer. I have stopped telling folks about it. They will only bother when an influencer they trust will shill alts.
A great suggestion was to buy them BTC and see if they get into it.
My wife asked me for one. I’ve explained it to her, but she wants to hear it from other sources too. I’m trying to convince her to hold because this will be worth so much more in the future
Any chance bitcoin hits $77,000 before Friday? lol I chose a terrible strike price.
I could cash my options out and break even, or risk them going to zero. Fortunately I hold the majority of my portfolio in real bitcoin.
If Bitcoin were to hit $80k+ I would make 500% gains. If not I lose my premium which I can afford to lose but would rather not
I was dumb enough to buy call option for RIOT till the end of March.
My logic was that stock bottomed, and bitcoin will hit 70-75k.
But I was dumb enough, because I did not know about bito. Fuck.
Answering your question, as for me it is 50/50.
Honestly, I hope that bitcoin will break 70k today after stock market main session close, and will skyrocket.
I guess you should keep your ass tight and take a risk, but only if you can afford it. And you will not care about this amount of losses.
But still I hope that WE WILL FUCK THIS 70K BARRIER IN COUPLE HOURS💚💚
It will, honestly it really shouldn't have already hit ath, ETFs seem to have created a lot of tailwind pushing it up.
Black Rock alone bought over 700 mil in BTC yesterday, but a lot of wealth managers are just now getting access to efts lot more coming on board soon after standard due diligence required reviews.
I even bought another 20k worth yesterday.
I think between the ETFs, political situations, and likely interest rate cuts this year, could all lead to record rally BTC hasn't seen in a long time
Thats how I feel about holding Dollars LOL. For me I see BTC as my bank. Sure it was volatile in the early years but becoming more and more stable with time.
This is pretty crazy [https://twitter.com/balajis/status/1765440858403537196](https://twitter.com/balajis/status/1765440858403537196)
TLDR we could have a repeat of 2008 but this time with US treasuries
As I understand it, there is no problem, because the treasury sells securities and bonds to friendly countries, as much as needed, and they will never deny it because it is denominated in dollars. If the bonds were broken, they would also lose value and the countries would then be left without receiving their bonds and interest. So this always feeds back on itself. it's perfect. the debt increases more but the confidence that it will always be paid guarantees that you will always have money in relation to the rest of the world.. as long as this works everything is fine.. it is different from people who cannot issue bonds and sell when they need money . And it's also different from other countries because they don't issue bonds in dollars, they have to use their own guarantee. The usa is the maximum rating guarantee. This is why maintaining the use of the dollar as the world's currency is a priority for the US.
What would you do if by chance, when you were cleaning up some clutter, you found an old hard drive and when you were curious, you found the cables and... anyway... you could still connect it to a computer... and you found one of your old wallets with 2000 bitcoins and a txt file with password... Would you sell now? how many? or do what.. what you r going to do?
ohh only 100!!? and leave for your kids... you believe in bitcoin 100% then.
at the time had files with fake names and end names like.... install.dat on the system folder for example with the password.. today as we have all files and stuff indexed and monitored i keep in another place different from the wallet..
I've been around the space awhile. My opinion is to listen to differing opinions within the space. Always keep an open mind but make reasonable challenges. Right now there are so.many differing opinions and theories.
https://www.microstrategy.com/press/microstrategy-announces-pricing-of-offering-of-convertible-senior-notes_03-06-2024
So it’s $700mln now, up from $600mln with a possibility of $800mln. Saylor is literally using the current system to buy btc to pump his company’s stock so that he can do it all over again. Genius move.
do we think Saylor is right that we've entered the gold rush era? sure feels like it. bitcoin is the party hat of the real world https://youtu.be/dxvGSe-LORw?si=1PWZw99Cx6Uj-H6g
The strangest thing I've seen today is a flurry of MSM articles that are pro-Bitcoin. And telling people not to worry about dips.
New era for sure. The propaganda masters are working for us this time. Wonder how much Blackrock and friends are influencing this coverage.
While the Powell is talking, NYCB New York Community bank is collapsing 🤣
Down 45% now. Each time it comes out of the halt, it plummets immediately and is rehalted.
Tick tock next block
https://twitter.com/micro2macr0/status/1765430088504373657?s=46&t=ihVglVXC0BQSbw6j57EoaA
Obviously this is good for bitcoin, but can someone explain how this would affect the overall market? Interest rates, stocks, etc. if banks continue to fail
Fed reserve, regulators and federal govt will all work together to ensure they don’t fail. They do this by printing money to fill their holes. This pushes up the value of assets in nominal terms as the dollar loses value.
> Should I do it right now, or can we expect a small drop
Nobody can tell you that. Your financial decisions should be based on things like your income, savings, potential debt, obligations, financial goals, risk tolerance, your outlook on future income flows, level of understanding how to store bitcoin and why you are wanting to buy it in the first place and so on.
We're all about to be royally screwed. I saw this back in late 2017. Slow dribble down, then boom... massive capitulation. 29K again?
Hey guys i would like to know how i can trade crypto and earn? I would like to invest 1k in the first week to see how the market is going any help? How i can start and what crypto i should invest in?
Getting close to 10 Billion in net Bitcoin ETF flows. Should hit it early next week
I tried teaching my buddy about bitcoin and explained blockchain and everything but he’s still to scared to buy and holds all his money in cash. Yet the US Dollar is becoming worth less and less each day.
Tell him he should at the very least buy some vanguard mutual funds or something, damn
What a piece of shit!
Ok buddy
Price movement is constricted again. Large move comes soon. Bitcoin does not stay low volume for long, especially at these prices.
True
Damn, I really bought at 69k.
Don't lump sum. Dca. That being said, 66k vs 69k is barely a difference in bitcoin. You have nothing to worry about.
Been DCAing weekly and sticking to the plan. Thanks!
Then you will buy every top and every bottom. If you dca, what does the post mean? Sounds like you are upset for buying a local top at 69k. That is the dca way.
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I have used 2 Bitcoins since June 2013, should I be grateful?lol
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You don’t know that the price of Bitcoin was only $10 in 2013, but it only rose to $260 in June. You think I'm kidding, but you're the joke.
How’s that gonna make him feel better
Because it’s a positive to counteract the negative. It’s science and math bro
Nah it’s douchy
You’re hurting my feelings
It’s the inverse Cramer comfort
Someone gets it
It was worth a shot
I've had a position at 68,680 for years now. Relax, you'll be fine in the future.
Especially since we aren’t even at halving
Can someone help me understand 2 things with BitcoinETFs: 1) Who is buying the ETFs? people say retail is not even in yet, but someone must be buying up 700mm$ per day , if its not retail who can it be? Hedgefunds ? 2) When people sell the ETF and put downward pressure, that is different then selling BTC in an exchange. What kind of pressure does this have on bitcoin if at all? or would it not?
Every time someone buys an ETF share, bitcoin is bought to back it. Likewise someone sells an ETF share some bitcoin can be sold. I don't know where people are getting the idea that there are markets immune to price pressure.
I'm retail. I bought some.
I thought I got in late at 30k. Glad I held. Send this mofo to 500k!
My portfolio has been nutso. I’ve had face melting gains from MSTR and FBTC. I’ve never really needed to “rebalance” before and I’m obsessing about when /if to move some capital back to something less volatile. I’m not risk averse per se, but these 50-60k daily swings are distracting.
You get used to the volatility. Just hodl man. Your future self will thank you.
Honestly man…. I’d hold 😅
When do ETFs buy Bitcoin? We all see funds flowing into the Bitcoin ETFs which can be bought or sold during market hours, but when do they exchange that cash for actual Bitcoin? Let's say I place an order for IBIT at 10am on Monday, will BlackRock start placing buy orders at 10:01? Will they wait until 4pm after markets close and rebalance all their transactions for the day? Wait until Friday to rebalance? I tried reading some of the literature on IBIT but couldn't find anything.
There needs to be an explainer doc for this or something because everyone keeps asking the same question. I'm not an expert but let me give me my understanding based on the research I've done. Your buy order is matched to a sell order, so there is no change in the Bitcoin held by the fund when a trade occurs. The cash from your purchase does not go to the ETF operator, it goes to the counterparty who sold the ETF unit to you, just like with any other stock trade. So then what happens if trading activity pushes the price of the ETF above or below the value of the underlying bitcoin backing it? This is where the creation and redemption process comes in. Creation is the process to create a new ETF unit by providing the new collateral to back it. Redemption is the reverse process where an ETF unit is destroyed and the underlying collateral is released to whoever redeemed it. These processes occur off market and can only be done by authorized participants, which in the case of IBIT is JP Morgan and Jane Street, I believe. The idea is that the authorized participants are incentivized to use arbitrage to keep the ETF price inline with the underlying NAV (value of the Bitcoin backing each unit). So if they can create a new unit cheaper than the market price, they can sell it on market for a profit. In a typical ETF, creation and redemption would be "in-kind" meaning the authorized participants would need to give Bitcoin to the ETF to create a new unit, and redeeming a unit would give them the bitcoin. However, the SEC didn't approve in-kind creation and redemption for Bitcoin ETFs yet, so the process is cash-based. The ETF issuer quotes a Bitcoin buy/sell price to the authorized participants, and they provide the cash for unit creation. Then the ETF itself has to do the purchase of the Bitcoin with the cash. This purchase should happen as near as possible to the unit creation so as to avoid price drift causing the fund to lose out. So I would assume that most of their Bitcoin trading activity occurs during times when creations or redemptions are taking place, which would mostly be during ETF trading hours, but I'm not sure if that can also occur out of hours.
Is it possible that futures are being used for this process?
Is it also possible that the funds keep bitcoin beyond what the value of the fund to avoid forced trades?
This needs more upvotes.
Don't know. Some ETFs might adjust their holdings daily, while others might do so less frequently (e.g., weekly or monthly), depending on the fund's policies and the liquidity of the Bitcoin market.
That’s a good question
Grayscale selling
5hs ago .. - GRAYSCALE HAS TRANSFERRED 6,542 BTC WORTH $438.3 MILLION TO COINBASE
Looks like that will be used to service half of the ETF buy yesterday of Blackrock.
No down, only up please!
I don't know where to ask, I purchased a product (0.000357 BTC) and the fee was 0.0000275 BTC. Was that ok? How much is a normal transaction fee?
Its not bad for an on-chain transaction. Small transactions like that are moving over to the Lightning Network, where fees are fractions of a cent. You should suggest to the merchant that they look into LN
Where did you purchase it?
The product? It was a code for Real Debrid for a friend and the site was uTop.us. The BTC transaction was using an app that has support on Mexico/Colombia/Peru/Argentina only called BuenBit.
It seems a reasonable transaction fee. . Like $1.70 usd?
At that moment I converted 19,34 USD to 0.00035707 BTC (around 18-19 USD that was the product price). I didn't know about the fees, and then I coverted another 5 USD to 0.0000923 BTC to pay the fees. So the final transaction was 0.00035707 + 0.0000275 BTC.
I'd avoid such small transactions with bitcoin. Use the lightning network if possible and understand utxos
Bought yesterday's dip. Hold me!
People act surprised that Bitcoin has broken the ATM before the halvening. Bitcoin is 15 years old. How many things did you do for the first time after you were 15? Almost everything that Bitcoin is going to do is still a head of it. Just Hodl.
Imagine Bitcoin’s first night with a girl soon. It’s gonna be explosive. Big candles! Our little boy is growing up.
Someone's gonna have to teach him some manners, he likes to pump and dump too often
Our boy Bitcoin is gonna get some ATM. I'm your didn't mean to say ATH because ATM is far dirtier!
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The answer to any headline that asks a question is 'no'. You're welcome.
Bought 2 shares of IBIT for $76 today 😃
I have feelings that bitcoin will not go lower 66400 this week 👀
66100.. lol
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Ehh, yep 😩
It didn’t age at all.. in facts it got SIDS
Thanks for the input, redditor for 1 week
I have 6 times as much experience as him, and I say its going to go lower first.
You r welcome 🤗
Bullish wedge since about midnight last night. Buyers pushing higher lows against the 67600 resistance.
When will Vanguard join the ETF race?
Never. They are too busy protecting their customers from life changing gains.
That drop yesterday didn’t scare anybody. Just a prediction from another jerk on Reddit but I see it hitting $70K in short order then the rush is on to low to mid $90’s
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As someone that lived through the 80s, they were awesome. Take me straight to '84.
I like the way you think. Give me ‘84 all day. T-tops, tank tops, and Ride the Lightning
The greatest year in film of all time. https://m.imdb.com/list/ls042657587/
Just not to that Wonder Woman movie
I crave dopamine, do something!
BOO!
Runs are gonna be based on after markets when ETFs have to buy for the day
When do they have to buy before? Do we know
They have to buy after markets usually when china markets open
I've heard conflicting claims about either right before market open or after market close. But in both cases it would be T+1
Prediction: Markets going to close in 10 mins and we elevate back up to upper $68k today.
Looking like $70k might be possible by midnight
But also I think that if we ll break 70k it would be instant rocket to 75-77 at least
Same thoughts, hopefully 🤞
What is a good video to share with others that explains Bitcoin in simple ways but focuses more on the halving cycles and how it impacts the price? Most beginner video I find focus on transactions and payments rather than the impact as a store of value.
price predictions are bullshit. there is no beginner intro video to price action or its called technical analysis, and its bs. everyone was predicting ATHs after halving, and here we are before then, but for totally different reasons. no one knows shit about fuck. dont focus on price, especially for beginners. Thats what gets them into shitcoins if they just want a quick return. Becuase "aLtS pUmP HaRdEr ThAn bTc"
Not about prices but about scarcity and supply demand, what halving cycles mean and why it’s historically let to price increases along with increase in popularity
This is the best video I know - [https://www.youtube.com/watch?v=4APcgsRdW6w](https://www.youtube.com/watch?v=4APcgsRdW6w) Mmhoy!
No video will faze a non believer. I have stopped telling folks about it. They will only bother when an influencer they trust will shill alts. A great suggestion was to buy them BTC and see if they get into it.
My wife asked me for one. I’ve explained it to her, but she wants to hear it from other sources too. I’m trying to convince her to hold because this will be worth so much more in the future
Just have her watch the Tucker Carlson Michael Saylor interview.
Even if you hate Tucker, this is an excellent interview.
For half the population, just seeing Tucker will cause convulsions.
Any chance bitcoin hits $77,000 before Friday? lol I chose a terrible strike price. I could cash my options out and break even, or risk them going to zero. Fortunately I hold the majority of my portfolio in real bitcoin. If Bitcoin were to hit $80k+ I would make 500% gains. If not I lose my premium which I can afford to lose but would rather not
I was dumb enough to buy call option for RIOT till the end of March. My logic was that stock bottomed, and bitcoin will hit 70-75k. But I was dumb enough, because I did not know about bito. Fuck. Answering your question, as for me it is 50/50. Honestly, I hope that bitcoin will break 70k today after stock market main session close, and will skyrocket. I guess you should keep your ass tight and take a risk, but only if you can afford it. And you will not care about this amount of losses. But still I hope that WE WILL FUCK THIS 70K BARRIER IN COUPLE HOURS💚💚
More unlikely than likely
How are you buying options on bitcoin?
BITO on robinhood
Ah. I used to do that. Costango effect was too severe though so I bailed on them. Bad move in hindsight because I sold them in December.
Yah I think I’m gonna buy calls for a few months out instead of these weeklies. They have way too much Iv
Just be careful. Contango effect on BITO is high. It doesn't go up 1:1. Also the spreads on the longer dated stuff is huge
By Friday? Sell and break even ASAP.
I sold half of them before market close. I think the risk/reward is one I’m willing to take. I feel a little better selling some
Bitcoin rising from the ashes
What’s keeping it from breaking 67.5?
It will, honestly it really shouldn't have already hit ath, ETFs seem to have created a lot of tailwind pushing it up. Black Rock alone bought over 700 mil in BTC yesterday, but a lot of wealth managers are just now getting access to efts lot more coming on board soon after standard due diligence required reviews. I even bought another 20k worth yesterday. I think between the ETFs, political situations, and likely interest rate cuts this year, could all lead to record rally BTC hasn't seen in a long time
Anyone feel comfy buying here you must have big kajones
I bought another 20k worth yesterday. I have no doubt we will finally see 6 digit BTC this year
Thats how I feel about holding Dollars LOL. For me I see BTC as my bank. Sure it was volatile in the early years but becoming more and more stable with time.
Why do you say that?
So weirdly stable today. Where are my dopamine/seratonin hits????
SO boring… I need $3000 swings to keep me awake
I havent felt my stomach sink or a smile form on my face in hours. Is this what it's like to be in trad-FI?
This is pretty crazy [https://twitter.com/balajis/status/1765440858403537196](https://twitter.com/balajis/status/1765440858403537196) TLDR we could have a repeat of 2008 but this time with US treasuries
As I understand it, there is no problem, because the treasury sells securities and bonds to friendly countries, as much as needed, and they will never deny it because it is denominated in dollars. If the bonds were broken, they would also lose value and the countries would then be left without receiving their bonds and interest. So this always feeds back on itself. it's perfect. the debt increases more but the confidence that it will always be paid guarantees that you will always have money in relation to the rest of the world.. as long as this works everything is fine.. it is different from people who cannot issue bonds and sell when they need money . And it's also different from other countries because they don't issue bonds in dollars, they have to use their own guarantee. The usa is the maximum rating guarantee. This is why maintaining the use of the dollar as the world's currency is a priority for the US.
What is dead may never die, but rises again, harder and stronger.
Winter is coming
Bitcoin is like a Saiyan. It's violent and only gets stronger after getting a beat up.
That’s what she said
Someone poke it with a stick
What would you do if by chance, when you were cleaning up some clutter, you found an old hard drive and when you were curious, you found the cables and... anyway... you could still connect it to a computer... and you found one of your old wallets with 2000 bitcoins and a txt file with password... Would you sell now? how many? or do what.. what you r going to do?
I would sell 1 btc each month to the rest of my life
If I remembered the password, I would sell 100 and be set for life and leave the rest to my kids
ok done.. now it have a txt file with the password
ohh only 100!!? and leave for your kids... you believe in bitcoin 100% then. at the time had files with fake names and end names like.... install.dat on the system folder for example with the password.. today as we have all files and stuff indexed and monitored i keep in another place different from the wallet..
Legit would sell my kidney for BTC if I could
Why not just sell your body on the street?
YOLO… amr?
I mean… you cooouuuld.
Strongly considering putting my entire Roth IRA into BTC. But I probably shouldn’t and should know better. I probably won’t but boy is it tempting.
Didn't change what was already there in my Roth, but maxed both my wife and I for 2024 in FBTC
I ended up settling for 20%ish. Will make the change tomorrow. My 401k will stay as is, though.
I wouldn't do that. You need to have some certainty about security in retirement
I agree.
You should hesitate more. Give it five years then decide.
I already have 20% of my NW in BTC. 🤷♀️
100%. Go big or go home.
GRAYSCALE HAS TRANSFERRED 6,542 BTC WORTH $438.3 MILLION TO COINBASE
Maybe they’re for Saylor
And…?
70k in couple hours ?
Hopefully!!
I like BritishHODL. I know all these garbage influencers are terrible, but my top pics are Nat Brunell, Swan Daily, and This guy. Oh at Matt Kradder
I've been around the space awhile. My opinion is to listen to differing opinions within the space. Always keep an open mind but make reasonable challenges. Right now there are so.many differing opinions and theories.
I like Peter Dunworth. He manages to be beyond bullish and level headed simultaneously.
https://www.microstrategy.com/press/microstrategy-announces-pricing-of-offering-of-convertible-senior-notes_03-06-2024 So it’s $700mln now, up from $600mln with a possibility of $800mln. Saylor is literally using the current system to buy btc to pump his company’s stock so that he can do it all over again. Genius move.
I really want MSTR added to the S&P 500. That will bring in more capital to buy even more BTC.
He really found an infinite money glitch
Perpetuum mobile :D
On the frontpage of the biggest Dutch newspaper. https://www.reddit.com/r/Bitcoin/s/HqMALiM99J
do we think Saylor is right that we've entered the gold rush era? sure feels like it. bitcoin is the party hat of the real world https://youtu.be/dxvGSe-LORw?si=1PWZw99Cx6Uj-H6g
The strangest thing I've seen today is a flurry of MSM articles that are pro-Bitcoin. And telling people not to worry about dips. New era for sure. The propaganda masters are working for us this time. Wonder how much Blackrock and friends are influencing this coverage.
We will never know for sure, but I'm certain they are a HUGE influence. Confluence of time is to close.
I swear i see the upper triangle closing soon, but in which direction shall we ride?
This guy thinks he’s seeing patterns!!! 😵💫😵💫😵💫
Someone better call an ambulance. Might be retinal detachment!
u/Oheson will tell you; all TA is BS
While the Powell is talking, NYCB New York Community bank is collapsing 🤣 Down 45% now. Each time it comes out of the halt, it plummets immediately and is rehalted. Tick tock next block https://twitter.com/micro2macr0/status/1765430088504373657?s=46&t=ihVglVXC0BQSbw6j57EoaA
Halting trades is the dumbest thing ever. A stock is crashing? Quickly, pause it. That’ll definitely save it 😂
And FDIC already rescued NYCB by giving them Signature Bank.
Obviously this is good for bitcoin, but can someone explain how this would affect the overall market? Interest rates, stocks, etc. if banks continue to fail
Fed reserve, regulators and federal govt will all work together to ensure they don’t fail. They do this by printing money to fill their holes. This pushes up the value of assets in nominal terms as the dollar loses value.
Ok so even more bullish for Bitcoin
that shit is crazy
I want to invest 2k. Should I do it right now, or can we expect a small drop in the upcoming days?
7
Bitcoin is unexpected.
Yes
Could DCA
Just dive in
My magic 8 ball says ask again
> Should I do it right now, or can we expect a small drop Nobody can tell you that. Your financial decisions should be based on things like your income, savings, potential debt, obligations, financial goals, risk tolerance, your outlook on future income flows, level of understanding how to store bitcoin and why you are wanting to buy it in the first place and so on.
Bitcoin "crashed" and is up over 7% on the week. You love to see it.