OT: 11 Bitcoin ETFs Approved by SEC.

[gamecock stock]

Ha. Keep us posted Stock.

I'm expecting a short consolidation period before it attacks the next Fib level around $102,000.

Once that happens, all bets are off as it's unchartered territory.

The "Chartists" become witnesses.

We'll likely have a drop or two back below $100K during that process and well within the bull.

Ward, Gann chart suggests least path of resistance for Bitcoin is now 200,000. But, in what year will this be hit....2025, 2026?

Be patient, my friend. I sincerely hope you make millions.

If you do, I expect you to be a funding machine for Carolina NIL.

 

[Ward Jr]

Ward, Gann chart suggests least path of resistance for Bitcoin is now 200,000. But, in what year will this be hit....2025, 2026?

Be patient, my friend. I sincerely hope you make millions.

If you do, I expect you to be a funding machine for Carolina NIL.

Sounds good.

I'm actually been far more interested in DEFI the last few years than BTC, but it's nice to see it on the move.

Personally, I wouldn't put a top on it if Trump makes it into the White House in one piece.

BTC will be integrated into society as an official currency throughout the world.

You can already get interest and loans on it here in the US.

Many holders will likely never sell and why would you given the scarcity and the current situation with the US Dollar.

The traditional boom/bust cycles of yesteryear are likely coming to a close with the big hands involved and ETF available.

Unchartered Waters.

 

[Ward Jr]

 

[gamecock stock]

This morning, I decided to sell my crypto miners, for profit, in my tax-deferred accounts. I left, as is, my crypto miners in my taxable accounts. Thus, I ended up reducing my crypto portfolio by 73%. This does not necessarily mean I think Bitcoin has topped. But, the miners MIGHT have. Thus, I decided to not take any chances. I'm flexible and will re-enter if I think the coast is clear. In the meantime, I'm comfortable parking that crypto miner monies into a 4+% money market.

 

[gamecock stock]

As you know, there are many ways to invest in the crypto market. While on an errand, I thought further about Bitcoin. I suspect that we are within days or even hours of many weeks (and possibly much longer) top in Bitcoin. Get ready for a ride back down. Not making any guarantees, of course. Just saying what I think. Glad I sold the miners I did to lock in profits. Good luck to all.

 

[hahnenkampf]

This is going to be the worse part of the Trump administration.

The brazen and open attempts to use treasury funds to inflate the price of Bitcoin for certain people to profit from it.

Sort of like how Biden flooded money into solar and wind companies via the Inflation Reduction Act. Wonder how many of his rich friends and Dem politicians got even richer. One for sure: Nancy Pelosi

 

[Ward Jr]

Yes!

 

[Ward Jr]

 

[Ward Jr]

 

[Ward Jr]

 

[Ward Jr]

 

[Ward Jr]

The bull horn couldn't be louder.

 

[Ward Jr]

Options trading started today for BTC.

In additional to being a strategic way to manage risk, the data provides info for educated guesses about future price action.

 

[Ward Jr]

 

[Ward Jr]

 

[Ward Jr]

 

[Ward Jr]

 

[gamecock stock]

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I'm all for that. I hope it happens, soon because I see a debt-crisis meteor hurtling towards us within the next 2-4 years, probably closer to 2 years. And I'd hate to be a politician in DC when that happens because most of them will be swept out of office due to it.

In the meantime, I am shorting bitcoin and, I rarely short anything and have not in years.

 

[Ward Jr]

I'm all for that. I hope it happens, soon because I see a debt-crisis meteor hurtling towards us within the next 2-4 years, probably closer to 2 years. And I'd hate to be a politician in DC when that happens because most of them will be swept out of office due to it.

In the meantime, I am shorting bitcoin and, I rarely short anything and have not in years.

You're shorting Bitcoin right now? You're awesome Stock.

What's your short play?

 

[gamecock stock]

You're shorting Bitcoin right now?

LOL. That's what "In the meantime, I am shorting bitcoin" means. LOL No guts, no glory.

 

[Ward Jr]

LOL. That's what "In the meantime, I am shorting bitcoin" means. LOL

That's amazing. What's your strike price?

 

[gamecock stock]

That's amazing.

Obviously.

 

[hahnenkampf]

Finally decided to stick my toe into the Bitcoin market. I bought 100 shares of BITO. It’s a Bitcoin ETF that pays a really nice monthly dividend, which is likely generated by futures market premiums. We’ll see how it turns out.

 

[Ward Jr]

Yellen is out. Good riddance.

What a disaster. Nonetheless, a perfect fit for this current administration.

 

[gamecock stock]

You're shorting Bitcoin right now? You're awesome Stock.

What's your short play?

Hi Ward.

I will tell you what my thoughts are CURRENTLY. But, you should know me well enough by now to know that when the facts change, I change.

Was last weeks high a multi-year high? I would not rule that out. I shorted last week near the exact top. Again, I rarely short. It's hard enough for me to figure out what and when to go long. So, I normally do not short. But, I determined this to be a golden opportunity. Right now, I am up nearly 6% on that short. I am looking at longer-term targets into late 2025/26 going under 50k, with the potential of going as low as 20k. It won't go straight down. But the odds look to me that bitcoin is going down for the next year or 2. When I went short last week, I left alone the miners I had in my taxable accounts. All but one were profitable and thus I had no desire to pay capital gains taxes when I believed that bitcoins trip down would be short-term. But now that I believe we are looking at bitcoin going south for the next year or two, I decided to sell the crypto miners in my taxable account this morning. One was for a small loss whereas two were for nice gains. So, that worked out.

Those are my thoughts on bitcoin that I'm sharing with you. Sharing is caring. Now if you were a Clemson fan, I would not be sharing with you unless you were a Clemson friend (that's not nice, is it? LOL). You know more about bitcoin than I do. You started this thread either because you have lots of money in that sector, lots of interest in it or both. As for me, I know little and claim less.

So, anyone reading this comment, PLEASE do NOT go by what I think. I am not analyst much less an expert on the crypto sector.

 

[hahnenkampf]

Hi Ward.

I will tell you what my thoughts are CURRENTLY. But, you should know me well enough by now to know that when the facts change, I change.

Was last weeks high a multi-year high? I would not rule that out. I shorted last week near the exact top. Again, I rarely short. It's hard enough for me to figure out what and when to go long. So, I normally do not short. But, I determined this to be a golden opportunity. Right now, I am up nearly 6% on that short. I am looking at longer-term targets into late 2025/26 going under 50k, with the potential of going as low as 20k. It won't go straight down. But the odds look to me that bitcoin is going down for the next year or 2. When I went short last week, I left alone the miners I had in my taxable accounts. All but one were profitable and thus I had no desire to pay capital gains taxes when I believed that bitcoins trip down would be short-term. But now that I believe we are looking at bitcoin going south for the next year or two, I decided to sell the crypto miners in my taxable account this morning. One was for a small loss whereas two were for nice gains. So, that worked out.

Those are my thoughts on bitcoin that I'm sharing with you. Sharing is caring. Now if you were a Clemson fan, I would not be sharing with you unless you were a Clemson friend (that's not nice, is it? LOL). You know more about bitcoin than I do. You started this thread either because you have lots of money in that sector, lots of interest in it or both. As for me, I know little and claim less.

So, anyone reading this comment, PLEASE do NOT go by what I think. I am not analyst much less an expert on the crypto sector.

You're shorting Bitcoin right now? You're awesome Stock.

What's your short play?

I know you didn’t ask me but there’s an excellent Bitcoin short ETF: BITI
Since I’ve ventured to the Bitcoin upside with BITO I decided to hedge the downside with BITI. I’m hoping to get a piece of the action with the volatility of Bitcoin action. It should be interesting.