Bitcoin

WoodDuck

Lil-Rokslider
Joined
Sep 24, 2017
Messages
111
Location
Wisconsin
We have Larry Fink giving Bitcoin a ringing endorsement, and now Trump says Jamie Dimon has “changed his tune” on Bitcoin. What are your thoughts? I certainly won’t be betting against Blackrock.
 

Poser

WKR
Joined
Dec 27, 2013
Messages
5,563
Location
Durango CO
I have a self managed IRA that is loaded up with BTC etfs and ETHE (ethereum trust that will convert to the ETF once available). This is seperate from my 401k which is a conservative play. In terms of buying actual BTC directly, I don't. have much but I do hold and regularly put more money into ETH.
 

fmyth

WKR
Joined
Mar 14, 2019
Messages
1,720
Location
Arizona
Trump is speaking at a National BTC Conference in Nashville on July 27th. His VP choice J.D. Vance has disclosed that he owns between 100-250k in BTC.
 
Joined
Mar 8, 2014
Messages
877
We have Larry Fink giving Bitcoin a ringing endorsement, and now Trump says Jamie Dimon has “changed his tune” on Bitcoin. What are your thoughts? I certainly won’t be betting against Blackrock.

All good things for the price of btc….even though I don’t trust them ha. ETFs , MSTR and btc having a good pump today.


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WoodDuck

Lil-Rokslider
Joined
Sep 24, 2017
Messages
111
Location
Wisconsin
If it’s anything like GBTC it will dump, but who knows with new management.


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It’s even worse with fees at 2.5%! I’m not sure what angle they are trying to play, but the offerings from VanEck, Bitwise, BlackRock, etc are 1/10 the fees. I would imagine some people will dump ETHE for cheaper options, but then again they may not want to realize the capital gains to do so.
 
Joined
Nov 3, 2017
Messages
1,597
Location
AK
Mini crashes and the bear cycle are baked into the cake at this point. The average time from the halving to the cycle’s ATH is about 70 weeks. For the first 20-30 weeks we will have big money rolling in. This will be the time when all the news people and politicians will be screaming about the warnings and asking for regulation while they’re buying it in the evenings. Then they will change their tone and honey d!ck the average retail investor and drive up price. For 20-30 weeks we will see average Joe who already missed out on 10x gains FOMO in to not miss the next 10x. I’ve said rather tongue-in-cheek sell when Coinbase hits #1 in App Store, well that’s when that part happens. We call those guys exit liquidity. That’s when we see the big institutional sell offs. The headlines about scams and probably something about how China outlawed something will be back. Retail guys that didn’t practice risk management and did zero research who lost their ass go back to the office warning their coworkers. Finally they all give up and get out. That gives us the final push down. If we’re lucky, everything has pulled back 60-80% at this point. This thread gets resurrected with the “I told you so” crowd. Those of us that have already took the ride for 2-3 cycles buy. And this thread gets resurrected in 2028 by someone asking if they should buy.
I hope everyone listened. We are 29 weeks past halving. Ripping all time highs and retail hasn’t even started to buy yet. Coinbase isn’t even top 200 in App Store yet.

Four year cycle.
 

Poser

WKR
Joined
Dec 27, 2013
Messages
5,563
Location
Durango CO
I hope everyone listened. We are 29 weeks past halving. Ripping all time highs and retail hasn’t even started to buy yet. Coinbase isn’t even top 200 in App Store yet.

Four year cycle.

I've been buying BTC (Grayscale Bitcoin Mini Trust ETF) and ETH (GRAYSCALE ETHEREUM MINI TR ETH COM UNIT ETH) steadily during this timeframe. I'm particularly stacked on ETH.
 
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