Select to expand quotemyscreenname said..
SEC will be making a decision on the BlackRock etf before Jan 10. So there is plenty of speculation about that decision. Then later in year is the next BTC halving which has always created volatility. I think another all time high is coming.
I can't believe I'm about to say this because I'm not a believer, but I'm willing to toss in $50k for the fun of it, to jump in and out on a weekly basis if it starts cycling up and down again.
What would be the most convenient/reliable way to do that?
Select to expand quoteHarrow said..
I can't believe I'm about to say this because I'm not a believer, but I'm willing to toss in $50k for the fun of it, to jump in and out on a weekly basis if it starts cycling up and down again.
What would be the most convenient/reliable way to do that?
If you want to do it like that... Then set up account on Independent Reserve or BTC Markets. Transfer money into it, then trade on their exchange.
I minimise my use of exchanges. But for jumping in and out, that is best, cheapest way.
I just sold 0.25 of my BTC through IR. Fees/charges on IR are pretty steep. Transferring from my wallet to IR then trading to AUD and putting in my account cost ~$60
So past returns are a guide to the future?
You only make money when you sell. What's your tap out?
Select to expand quotebjw said..
So past returns are a guide to the future?
If you toss a coin and it comes up heads 10 times in a row, what are the chances of coming up heads on the next throw?Select to expand quoteYou only make money when you sell. What's your tap out?
Been selling it for many years now, sold a quarter of my position yesterday. I've done pretty well out of it to date.
Select to expand quotebjw said..
What's your tap out?
Good question. I wasn't prepared on it going up in value so fast.
It's a volatile asset. And over the years little patterns emerge that you can exploit.
I'd like to cut out of it at some point. My main issue with it is, how to best pass on the asset if I die suddenly. When I work that out, I'd be less hesitant to dispose of all of it.
My next sell off will be AU$ 96k or early June...maybe.
If it sustains a new ATH and I start hearing young people, taxi drivers, randoms, normies asking/talking to me about it or if I see stupid segments explaining how Crypto works on The Project with Waleed hosting... I'm selling the lot.
Good strategy.
Your early sell was a.good move, especially now because outside of the Israel thing, there hasn't been any bad economic news in quite a while. Something will eventually happen and the BTC race will settle for a bit.
But there has been less active trading recently. So you'd assume less people are buying, but more people are actively holding. Hence the price rise.
It would be an understatement to say that it's been a good year for Nvidia. The California-based chipmaking giant has seen its shares soar about 220% this year, making it the top performing S&P 500 stock in 2023.
Bitcoin up only 170%
Likely NVDA will have growth potential in 2024.
Nvidia make the high quality fast GPUs that AI needs to train all the models that are going to be built.
Charts only tell you what's happened in the past, they are not a guide to the future.
A high P/E doesn't necessarily indicate a bad investment. In fact, in many cases it may mean the exact opposite.
Won't be long before I can put up a deposit on that Port Gregory property.
I told you guys about this BTC halving, and it's potential impact on it's price. This current bull run is not finished yet.
On an interesting side note: my call on NVDA has come true sooner than expected.
It's gone up almost 50% since my post two months ago on 12 December.
Just sold another 0.25 BTC
Right now I feel incredibly clever. But I know there's a bit of luck there. As they say: I backed the right horse.
This BTC bull run is not over yet, and I may have sold prematurely. Time will tell.
Next sell off I'm thinking is BTC $150k.
Could happen this year.
World is not round, world is not flat, world is farked.
Select to expand quotemyscreenname said..
Won't be long before I can put up a deposit on that Port Gregory property.
I told you guys about this BTC halving, and it's potential impact on it's price. This current bull run is not finished yet.
On an interesting side note: my call on NVDA has come true sooner than expected.
It's gone up almost 50% since my post two months ago on 12 December.
When I used to work for a company called Cisco, my colleagues were all invested in the idea that the shares would go up, split at a certain level, and then continue to do this. We all had options and most people were buying shares in the employee stock purchase program too.
Years later I caught up with someone I used to work with there. Some people that had got in early had made a fortune and retired early. Some had made a decent return and bought a house. Others hung on too late and when the shares finally went down, they were below the option price, so they had almost nothing.
It's all good until it's not.
But forget about Port Gregory, it's not for sale.
Select to expand quoteFormulaNova said..
When I used to work for a company called Cisco, my colleagues were all invested in the idea that the shares would go up, split at a certain level, and then continue to do this. We all had options and most people were buying shares in the employee stock purchase program too.
Years later I caught up with someone I used to work with there. Some people that had got in early had made a fortune and retired early. Some had made a decent return and bought a house. Others hung on too late and when the shares finally went down, they were below the option price, so they had almost nothing.
It's all good until it's not.
But forget about Port Gregory, it's not for sale.
Buying is easy. Selling is hard. Getting older and gaining experience in trading volitile assets over the decades, has taught me so much about myself and the fine line between greed and fear.
World is not round, world is not flat, world is farked.
Select to expand quoteSublime said..
Is this an example of someone who hasn't worked out their relationship between fear and greed.
We all know bitcoin was next to worthless when it began, 15 years ago. So what! This is the story of all start ups. Today 1 BTC is is selling for just shy of $100K. BTC is a rare unicorn that I've had the pleasure to ride.
I'm at a bit lost at the point you are attempting to make.
the constant upward trend and the fact it is still early.
1 BTC = 1BTC
So what are you greed or fear? Since you are a trader and not a HODLer
Select to expand quoteSublime said..
the constant upward trend and the fact it is still early.
1 BTC = 1BTC
So what are you greed or fear? Since you are a trader and not a HODLer
I am a trader, a believer and a realist.
BTC, has its shortcomings. Hodling for Hodlings sake is stupid. I've done that through two bear markets now. BTC has helped me understand my relationship between fear and greed.
I will always hodl some BTC. You never know when things will go belly up.
Select to expand quoteHarrow said..
I can't believe I'm about to say this because I'm not a believer, but I'm willing to toss in $50k for the fun of it, to jump in and out on a weekly basis if it starts cycling up and down again.
What would be the most convenient/reliable way to do that?
So how did that work out?
Your $50k would be worth more than $85k today, and rising fast if you had done that.
If you want to have a better understanding of Bitcoin,
then this is worth a read.
All the rest is just centralised noise!
saifedean.com/tbs
I'm also super passionate about crypto and recently bought some Bitcoin too. It's an exciting time to be in the market!
I'm really into crypto and just got some Bitcoin too.
I used this tool that made buying way easier. If you wanna make it simple, check out solana-scripts.com/solana-volume-bot
Select to expand quoteConstantino said..
I'm also super passionate about crypto and recently bought some Bitcoin too. It's an exciting time to be in the market!
Bot, is that you again?
Select to expand quoteSeaConn said..
I'm really into crypto and just got some Bitcoin too.
I used this tool that made buying way easier. If you wanna make it simple, check out solana-scripts.com/solana-volume-bot
Bot, is that you yet again?
Money Electric: The Bitcoin Mystery
Is on Binge. Apparently it's going to reveal who Satoshi Nakamoto is....
There has been millions of dollars being bet on this reveal on polymarket
I wonder if it is the same person who was unmasked by 2 separate lines of inquiry on season 2 of Devils?
Stream it on SBS if you like high finance drama.
Select to expand quoteMr Milk said..
I wonder if it is the same person who was unmasked by 2 separate lines of inquiry on season 2 of Devils?
Stream it on SBS if you like high finance drama.
They named a Canadian guy who was 15 or 16 when he supposedly invented Bitcoin. It was a convincing argument. But all based on purely circumstantial evidence, and not much of it either. I don't think we will ever know who the inventor was, or if they are still alive. The doco did provide a reasonably interesting history of how and who helped it evolve to what it is today.
I'll give Devils a watch.
Why would he hide his identity?
Could he be the only person to have the keys to print money? Otherwise, what would his motive be?
There are a few reasons given why you would choose to hide your identity in the documentary.
Hal Finney was the first person to receive bitcoin. If you read up on what happened to him in the last year of his life, that could be a reason to go into hiding.
en.m.wikipedia.org/wiki/Satoshi_Nakamoto
ooooh how you tease us all myscreenname.
But you ain't pulling the wool over Carantoc's eyes. No, no. I see your little games.
Satoshi Nakamoto is an anagram of myscreenname..... if you just add the extra letters toshiakaoto and remove the letters ycreenme.
And if you take the letters toshiakaotoycreenme they spell out Etheostoma raneyi, or as it is better known the little fish the Yazoo darter.
And what was Yazoo ? well it was an English synth-pop duo including a former Depeche Mode member. And what is Depeche Mode ?
Well, its a french lifestyle magazine which translates to 'fashion news update'
Thus it is concluded that mycreenname is Satoshi Nakamoto, and so named as a nod to the fact that bitcoin is just a passing fashion trend.
