Bitcoins - digital currency
I just read a very good article explaining how bitcon works. It is the biggest scam of all time. When it collapses with will be very fast. Good luck. https://www.currentaffairs.org/2022/05/w...I also saw this....
the IDIOCY of this .jpg is self evident...
Grayscale had it's largest outflow of $643m yesterday. Inflows are slowing done with the others.
is there blood in the streets yet? i am ready to buy soon
take a look at the order books... they are quite telling. there is literally ZERO resistance all the way back up to 73k before it starts to build up at around 75k.
take a look at the order books... they are quite telling. there is literally ZERO resistance all the way back up to 73k before it starts to build up at around 75k.
I wouldn't say that 68k resistance was zero...We seem to be holding 65k, hopefully that continues because a break below could get ugly imo (I don't think we hold another test of 61k, so break below 65k means likely 50s and possible 40s). Not saying it's likely, but short-term price action at least does not look bullish, maybe we chop for a bit. medium/long-term I don't think the cycle is over and still think we go another leg up from current ATH, even if there is a pullback to the 50s/40s. I will hodl throughout regardless.
GBTC outflows are withering away. I think a lot to cover various bankruptcy positions. Steady grind up should continue eventually. Less than a month to halving.
Throw out the charts when it comes to BTC. Currently the price depends on Blackrock and Grayscale. 900 BTC are created each day, soon to be 450. Blackrock buys more than that every day. When Grayscale stops dumping, the price will skyrocket. Grayscale has the highest BTC ETF fee at 1.5%. They said they will lower this when outflows equal $12b. My guess is that they will dump close to $12b for the bankruptcies. I'm not sure where they are at right now.
Blackrock
“For our clients, Bitcoin is overwhelmingly the number one priority. And then a little bit ethereum, and very little everything else.”
i was advised to buy $100 of BTC every month. i think im gonna do this.
Probably a reasonable approach
In a vacuum, it's impossible to comment on the wisdom or appropriateness of this advice.
• What is your income?
• What are your obligations?
• What are your assets and liabilities?
• What are your financial goals?
• What is your current portfolio construction?
• What is your risk tolerance?
• Who gave you this advice anyway?
After a year of doing this, you will have <0.02 BTC, which does not seem like a lot to me.
I mean, why not buy $100 of BTC every week or every day—or every time you post a comment on Two Plus Two?
Obviously, this is not financial advice as I don't know anything about your situation.
In a vacuum, it's impossible to comment on the wisdom or appropriateness of this advice.
• What is your income?
• What are your obligations?
• What are your assets and liabilities?
• What are your financial goals?
• What is your current portfolio construction?
• What is your risk tolerance?
• Who gave you this advice anyway?
Grayscale cash trust ETF (BCHG) made a new high already today and BITQ almost. Not sure how BCHG did that but I'll call it bullish. Quants are asleep or got a head start. Almost an analog from 2022 bull flag bottom in stocks. Looking real bullish with the confirmation today.
This has happened too many times to count now. Exact same scenario, just a different shitcoin each time. This happened tonight:
*guy I've been trying to get off zero from 20k-->65-->15-->70 I'm begging him again to get off zero*
"Just start. Get off zero and start learning from here. I'm telling you this as a friend." and other general discussion we've had numerous times.
and the first thing he says
"What do you think about XRP?"
Now mind you, this guy knows nothing about nothing and says what do I think about XRP. I say "It's a shitcoin like every other shitcoin, but tell me one single, solitary thing you know about XRP" and he's like 'Yah, I don't know anything about it, just asking."
I'm honestly like wtf this is happening every time. It's almost like they can't just admit you may be right about something, and always have to add their vanilla, know-nothing input, even if they know zero about what they are even talking about. This is literally happening every time I talk about bitcoin with some guy I know.
This has happened too many times to count now. Exact same scenario, just a different shitcoin each time. This happened tonight:*guy I've been trying to get off zero from 20k-->65-->15-->70 I'm begging him again to get off zero*"Just start. Get off zero and start learning from here. I'm telling you this as a friend." and other general discussion we've had numerous times
Did you neuralink me and post my thoughts? Happens time and time again.
Safemoon around April 2021 is my favorite so far. Begged that guy too. It's honestly exhausting, but I'll keep on chugging. Can't give up on society.
