Explanation
Chartbuddy thanks talkimg.com
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1221. (Read 26634095 times)
January 12, 2024, 07:01:20 AM
January 12, 2024, 06:01:16 AM
January 12, 2024, 05:29:35 AM
Always do as they do, never do as they say you should do.
Vanguard: "BTC is bad mmkay, it's really volatile, so it's bad as a long term investment"
Meanwhile, Vanguard is number 2 and 3 shareholders of MicroStrategy (15% total) and Coinbase (14% total).
Vanguard: "BTC is bad mmkay, it's really volatile, so it's bad as a long term investment"
Meanwhile, Vanguard is number 2 and 3 shareholders of MicroStrategy (15% total) and Coinbase (14% total).
Nice numbers, but where is the sauce to consider them facts?
Regarding their original statement:
There are also customers and "customers".
January 12, 2024, 05:01:15 AM
January 12, 2024, 04:58:49 AM
Always do as they do, never do as they say you should do.
Vanguard: "BTC is bad mmkay, it's really volatile, so it's bad as a long term investment"
Meanwhile, Vanguard is number 2 and 3 shareholders of MicroStrategy (15% total) and Coinbase (14% total).
Vanguard: "BTC is bad mmkay, it's really volatile, so it's bad as a long term investment"
Meanwhile, Vanguard is number 2 and 3 shareholders of MicroStrategy (15% total) and Coinbase (14% total).
January 12, 2024, 04:01:18 AM
January 12, 2024, 03:39:17 AM
some proposals for a new poll:
Which BTC price will be reached first, 50k or 40k?
What is the Bitcoin price at halving date?
What is the highest Bitcoin price until halving date?
Will we have new ATH before halving?
Which BTC price will be reached first, 50k or 40k?
What is the Bitcoin price at halving date?
What is the highest Bitcoin price until halving date?
Will we have new ATH before halving?
January 12, 2024, 03:20:14 AM
January 12, 2024, 03:01:16 AM
January 12, 2024, 02:20:55 AM
If you are right regarding a local top Cramer would be too.. And, out of experience, that's extremely hard to swallow....
Even a broken clock is right twice a day.
That doesn't apply to Cramer. He seems to have a perfect track record of being a contra indicator
January 12, 2024, 02:14:21 AM
. January 12, 2024, 02:01:15 AM
January 12, 2024, 01:24:28 AM
Exactly. It's currently a drop in the ocean. As predicted by much of the media, it's barely relevant, much like when Bitcoin Futures initially launched. The interest was almost non-existent.
I am seeing some data that contradicts this. Like the fact the Bitcoin ETFs pulled in over 1.2Billion in the first 30 minutes of trading. This is nothing like the futures launch. At least not yet. I suppose if the inflow stops there it could cool down?
And:
https://twitter.com/JoeConsorti/status/1745527450358989212
This just tells me that all of those speculators that poured over 3% of all BTC in existing [619,162.0971] and got caught in GBTC discount with a 2% annual fee, can finally close their positions without paying steep discount. GBTC still has the nerve to charge the remaining idiots 1,5%/yr fee. Inflows into other funds seem to offset the dismantling of GBTC, watch their AUM closely.
jee....IF your investment is either 50% over or under NAV (both happened to GBTC in 2015-2023), how important was that 2% fee?
GBTC had a SPECTACULAR return since 2015 in fiat only accounts..nothing else was even close.
GBTC is up 13056% since Sept 28, 2015, with NVDA up 8796%
Bitcoin did better, of course, but you couldn't have held it in tax advantageous accounts, unless you used some specialized IRAs that have VERY high fees per tx.
That said, of course, in a LONG run you would lose a bit more in GBTC to fees now as there are less expensive options available.
Anyone switching from GBTC to other funds needs to see what those other funds are trading at in relation to their NAV: not an advice..this is what I plan to do.
This and see which ETFs would offer options; among those, GBTC, IBIT and FBTC probably will.
My bitcoin is practically not for trading, but I have no such qualms about ETFs.
GBTC has been trading at a discount since Feb '21 (that's almost 6% in fees from the top) and was -40% just in June '23. It wasn't the inflow from tax accounts that closed that gap down to -1.9% day before approval, but a bet for an ETF. Now those that bought at the discount shall rip the benefit, fillippone had a whole thread on GBTC somewhere
January 12, 2024, 01:01:19 AM
January 12, 2024, 12:46:25 AM
Top 5 spot Bitcoin trading volumes today:
Grayscale: $2.3 billion
BlackRock: $1 billion
Fidelity: $700 million
ARK 21Shares: $288 million
Bitwise: $125 million
Grayscale: $2.3 billion
BlackRock: $1 billion
Fidelity: $700 million
ARK 21Shares: $288 million
Bitwise: $125 million
January 12, 2024, 12:01:15 AM
January 11, 2024, 11:21:58 PM
Did you do it yourself, or is it a repost from somewhere else?
Think planB repost
Withheld my merit
Next time, it's my ignore list
Thanks Duderino
#haiku
January 11, 2024, 11:01:16 PM
January 11, 2024, 11:00:21 PM
Did you do it yourself, or is it a repost from somewhere else?
Think planB repost
January 11, 2024, 10:52:48 PM
[edited out]
This table now suggests about 20% yearly ROI between today and Dec 2031, which is kind of low.Personally, I thought it could become 25% or so or even maybe 30% (double the Nasdaq).
7 years from now with 25% would be 219K and with 30%-288K.
I had two previous charts that were more bullish, and since I had to adjust each of them down in the last two 6 month periods to match with the actual 200-week moving average (the 200-week moving average) versus the prediction, I thought that it would be better to error on the side of being more conservative.. .and yeah, maybe I went a wee bit too far in the conservative direction, but I personally feel a bit better to error on the side of being overly conservative rather than overly bullish.
Another thing is that if we are always attempting to consider future BTC price (or even 200-WMA) predictions in terms of nominal terms rather than real terms that might include the debasement of the dollar, then I might still end up being correct (not that I give too many shits about being a wannabe Nostradamus) in terms of real terms, even if the dollar ends up debasing a lot more than expected and the prices end up doing another doubling every 10 years because I failed to adequately account for the likely level of the dollar's ongoing debasement.
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