OT: 11 Bitcoin ETFs Approved by SEC.

[Ward Jr]

Here ya go Watson.

You missed Bitcoin.

However, you can still make major Foxhole renovations if your blue lit brain will still allow you to apply some common sense.

You're welcome.

 

[uscwatson21]

Argentina and El Salvador have had amazing turnarounds in very short order getting rid of corrupt progressive policy, imposing law and order, and focusing on their county's best interests.

Let's hope we're next.

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Oh look...

 

[Ward Jr]

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Oh look...

Where Contraindicator?

You and Dave must be shedding on each other trying to put together than 1st Edition.

 

[uscwatson21]

Where Contraindicator?

You and Dave must be shedding on each other trying to put together than 1st Edition.

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Shocker that Ward can't distinguish the nuance of the discussion. Explains why Trump's misinformation work so well on him.

 

[gamecock stock]

Hey guys, I'd be careful being bullish here. I think we may have begun around a 30% move lower leg here. I'm considering adding to my bitcoin short. But, there are other opportunities elsewhere that may keep me from adding to my bitcoin short. Of course, do what you think is best for you.

 

[gamecock stock]

I added to my Bitcoin short near the end of today's session. And I added at a price 6 1/2% higher than my initial short. Read into that what you will.

 

[Ward Jr]

I added to my Bitcoin short near the end of today's session. And I added at a price 6 1/2% higher than my initial short. Read into that what you will.

 

[gamecock stock]

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Eric Trump? LMAO

 

[Ward Jr]

Eric Trump? LMAO

What does he know, right?

IMO, we're now days away from flight but we'll see.

Blackrock and the whales have heavy hands and possibly could still control the liquidity narrative temporarily.

However, the charts are looking outstanding and QE is about to be forced to go into full gear again.

 

[cocks rule]

11 years after a celebrated opening, massive solar plant faces a bleak future in the Mojave Desert

What was once the largest solar power plant of its type in the world appears headed for closure just 11 years after opening.

apnews.com

Liberals still battling 1.000. They destroy everything they touch. Undoing all the self made disasters and suing, prosecuting to finally eliminate them from any kind of power is going to be a full time job. I think Musk and company will have a permanent position and possibly a new agency created to keep this travesty from ever happening again. It’ll be the government’s own sanitation department complete with a big beautiful trash truck that’ll pull up to each agency, one by one to haul off the trash.

 

[gamecock stock]

What does he know, right?

IMO, we're now days away from flight but we'll see.

Blackrock and the whales have heavy hands and possibly could still control the liquidity narrative temporarily.

However, the charts are looking outstanding and QE is about to be forced to go into full gear again.

I will give you credit Ward. At least you have the courage of your convictions to have said recently, if memory serves, that Bitcoin will hit $1 million in 2 years. Most are not willing to give both numbers and time frame.

 

[Ward Jr]

I will give you credit Ward. At least you have the courage of your convictions to have said recently, if memory serves, that Bitcoin will hit $1 million in 2 years. Most are not willing to give both numbers and time frame.

Where did you see that one? I don't remember that one?

I think I did comment that I believe BTC could get from $250,000 to $500,000+ in 2025.

The market cap of Gold is it's next best target once it officially clears this $100K resistance.

 

[gamecock stock]

Where did you see that one? I don't remember that one?

I think I did comment that I believe BTC could get from $250,000 to $500,000+ in 2025.

The market cap of Gold is it's next best target once it officially clears this $100K resistance.

I thought I read that. But maybe I have you confused with someone else. But $500K, even $250K this year is bold enough.

It looks to me that the 104,000s has been sort of a resistance for Bitcoin. It has gone above that but, not on a weekly close, I don't think. If I was you, I would go "step-by step" and hope to get a weekly close above the 104,000s. IF that happens, then we could be off to the races. And even this "Democratic socialist"😉🙄MIGHT switch sides (investment-wise, not politically) and join you on the long side. But even then, I'd be tempted to take profits at $125K. Take that from me, who knows little and claims less.

 

[gamecock stock]

Where did you see that one? I don't remember that one?

I think I did comment that I believe BTC could get from $250,000 to $500,000+ in 2025.

The market cap of Gold is it's next best target once it officially clears this $100K resistance.

Ward, I added this probably after you read my previous post. "But even then, I'd be tempted to take profits at $125K".

Anyway, get over the $104,000s on a weekly basis first.

 

[Ward Jr]

I thought I read that. But maybe I have you confused with someone else. But $500K, even $250K this year is bold enough.

It looks to me that the 104,000s has been sort of a resistance for Bitcoin. It has gone above that but, not on a weekly close, I don't think. If I was you, I would go "step-by step" and hope to get a weekly close above the 104,000s. IF that happens, then we could be off to the races. And even this "Democratic socialist"😉🙄MIGHT switch sides (investment-wise, not politically) and join you on the long side. Take that from me, who knows little and claims less.

The challenge with watching Bitcoin too long is that you get used to these aggressive moves during bull phases and these consolidation periods start to feel like the end is near. When most of retail starts to feel the end is near, that's when the institutional hands start buying it up and that's what's happening right now. They know the US, Hong Kong, UAE, and many other countries are likely preparing for another strong leg up -- barring some black swan type event in the world, etc. I think we're going to start seeing a powerful move in 1-4 weeks and continue well into Spring but we'll see.

 

[Ward Jr]

This.

 

[hahnenkampf]

The challenge with watching Bitcoin too long is that you get used to these aggressive moves during bull phases and these consolidation periods start to feel like the end is near. When most of retail starts to feel the end is near, that's when the institutional hands start buying it up and that's what's happening right now. They know the US, Hong Kong, UAE, and many other countries are likely preparing for another strong leg up -- barring some black swan type event in the world, etc. I think we're going to start seeing a powerful move in 1-4 weeks and continue well into Spring but we'll see.

My strategy since the age of 16: buy when everyone is panic selling; sell when everyone is irrational exuberance buying. Wonderful results!

 

[gamecock stock]

My strategy since the age of 16: buy when everyone is panic selling; sell when everyone is irrational exuberance buying. Wonderful results!

I try to buy when I feel that the odds are on my side and sell when I feel that the odds have turned against me. I can't describe either of those 2 scenarios. It's like when I see a beautiful woman. I can't really describe her. But I know her when I see her.

 

[hahnenkampf]

Received $.94 per share dividend this morning from my BITO investment. This is the 6th straight month I’ve received a dividend that equates to a 55+ percent yield on my $25 per share investment. I absolutely love this Bitcoin ETF. The dividend varies each month due to Bitcoin volatility, but it averages 55+ percent yield for my investment.

 

[gamecock stock]

Received $.94 per share dividend this morning from my BITO investment. This is the 6th straight month I’ve received a dividend that equates to a 55+ percent yield on my $25 per share investment. I absolutely love this Bitcoin ETF. The dividend varies each month due to Bitcoin volatility, but it averages 55+ percent yield for my investment.

The same here on my BITI investment.

 

[gamecock stock]

For my crypto bull friends, there is an article on Seeking Alpha that I guess is only available to paying members. But the title of it is that "Bitcoin Is About To Enter Beast Mode".

Now I really got to go to a freaking boring conference that I reluctantly committed to going to. You guys have a good weekend. I will return home Sunday afternoon.

 

[Ward Jr]

 

[hahnenkampf]

Hey guys, I'd be careful being bullish here. I think we may have begun around a 30% move lower leg here. I'm considering adding to my bitcoin short. But, there are other opportunities elsewhere that may keep me from adding to my bitcoin short. Of course, do what you think is best for you.

Good call on adding to your short position! Down close to $7,000 today. BITI is scorching hot lately.

 

[gamecock stock]

Good call on adding to your short position! Down close to $7,000 today. BITI is scorching hot lately.

Thanks my friend. We are on different sides of the fence politically. But that should not make us enemies. We are on the same side of the fence college sports-wise. And on the same side of the fence in that we like to make money.

When I was young, I recall playing basketball with friends at a church gym.. One of them, Neal, often took a shot that hit the rim, the ball then went up in the air and right into the basket. He would then say, "It's better to be lucky than to be good". I shook my head and told him jokingly that there was a convenient four-letter word and, he was full of it. But, as I've gotten older and looked back at the great things that have come my way, they all now feel like miracles. If my friend Neal was still alive, I would now tell him he was right. It's better to be lucky. That's how I consider my Bitcoin call.

What do I think now regarding Bitcoin? My friendly advice is that I would NOT add to a long position unless Bitcoin could close a week above 104,000. I think we could be on our way to hitting 25-35% lower from its all time high. Looking later into 2025 and 2026, I think we will go to a MINIMUM 50% lower from Bitcoin's all time high.

 

[Natural Selection]

I'm very late to this thread. I just read through it in its entirety, going all the way back to early 2024. I recognized immediately that Ward Jr was quite knowledgeable about crypto, in particular BTC. It was in the $40's at the time. Of course, we're above $92 at this very moment and have been as high as $105. For those naysayers that missed the ride up, OUCH. BTC is a supply/demand dynamic. I would dabble in it prior to SEC approval of the ETF, but once they blessed it, I've been all in. It's been legitimized. Blackrock and Wall Street are in the game. Owning a position in BTC is a no brainer. It's simple math. Now, if you're uber aggressive, you're going to take a levered position. I've been in BITX (2x) this past year. Do the math on that. I fully expect BTC to hit, at least, $150 in 2025. Many feel that is a conservative estimate. Trump is speaking Friday at a crypto conference. I would say that accounts for rise over the last several days from its brief dip down to $78 back to where it sits tonight. I would expect it to creep up leading up to Friday. Will Trump juice crypto? My guess would be yes. We may get a sell the news event or it may be the catalyst that sets it on its way. My gut tells me we make one more trip down to the $70's before it makes its run, one that's surely to come. Adoption will continue to drive BTC higher. The train has left the station.

 

[hahnenkampf]

I'm very late to this thread. I just read through it in its entirety, going all the way back to early 2024. I recognized immediately that Ward Jr was quite knowledgeable about crypto, in particular BTC. It was in the $40's at the time. Of course, we're above $92 at this very moment and have been as high as $105. For those naysayers that missed the ride up, OUCH. BTC is a supply/demand dynamic. I would dabble in it prior to SEC approval of the ETF, but once they blessed it, I've been all in. It's been legitimized. Blackrock and Wall Street are in the game. Owning a position in BTC is a no brainer. It's simple math. Now, if you're uber aggressive, you're going to take a levered position. I've been in BITX (2x) this past year. Do the math on that. I fully expect BTC to hit, at least, $150 in 2025. Many feel that is a conservative estimate. Trump is speaking Friday at a crypto conference. I would say that accounts for rise over the last several days from its brief dip down to $78 back to where it sits tonight. I would expect it to creep up leading up to Friday. Will Trump juice crypto? My guess would be yes. We may get a sell the news event or it may be the catalyst that sets it on its way. My gut tells me we make one more trip down to the $70's before it makes its run, one that's surely to come. Adoption will continue to drive BTC higher. The train has left the station.

Great analysis! I also feel we’re on a downhill slide to the 70K level followed by an uphill ride back to around 95K. I see the breakout to 125K late this year. I’m buying it on this current downturn via BITO while also buying BITI as a hedge.