ChartBuddy
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March 01, 2024, 08:01:22 PM |
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ExplanationChartbuddy thanks talkimg.com
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"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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March 01, 2024, 08:09:02 PM |
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...JJG OK, I think we're almost done here for the moment. In 2021 I had a larger investment in BTC, that's one big reason it worked out so well. Also, I knew more about how to play the game. This time, alas, I have a smaller amount, so will not clean up bigly unless there is a huge spike. But, it's all good. Speaking of huge spikes, howzabout 1000x? "Bag" says could be, it's the network...: https://bagholder.substack.com/p/monopolyOk. I have worn you out. no problema. I don't really get that reliant on BTC UPpity.. even though I already have enough so I can pretty much spend it whenever, even though I have systems in place to spend fiat first, and then so yeah sometimes there can be questions about what to spend it on..and maybe even having too much fiat that needs to be spent first.. but still there can be balancing and also some stresses that come from outrageous downity periods. so there could be reluctance to spend any BTC during down periods and then running out of cash.. so any of us might still need to figure out ways to manage these kinds of balances.. and there could be ways to spend more money in order to run out more quickly too.. In terms of price, I think that it is quite difficult to know, because many of us (not sure if you fit in this camp) likely realize that BTC has a value that is right around at least 1,000x of gold, and BTC is currently about 1/10th to 1/12th lower in price than gold (referring to market cap). So I kind of sense that getting to gold parity and even 10x higher than gold might not be very difficult, either this cycle or maybe 1-2 extra cycles,, but then getting from 10x gold until 1,000x gold, that could take 50 to 200 years... and in terms of the article, yes bitcoin is likely to be a 100x in the coming 1-3 cycles, but it also could end up in 1,000x from here in another couple cycles after that.. but who knows.. including that its upward potential is still more than 10,000x from here, and there could be some expansion of bitcoin's addressable market too in order to expand the addressable market.. but that is still also quite a bit further out into the future. and yeah, most of us are looking in the next 1-4 cycles and maybe we might not even be living another 50 years, even some of the younger wipper snappers in these here parts might find it difficult to be attempting to plan 50 years down the road, even though some of them will likely still be alive.. and some of us will be gone prematurely too and perhaps believe that we might be able to make it another 50 years, and not be able to do it.. .. but does it really matter so much if we can make it 50 years because even if some of us might have a longer investment timeline, there might not be too many guys that want to plan to be investing 30 years or more. The guys are going to want to be transitioning to spending their coins rather than accumulating them, even the newest of coiners...and yeah some guys are already in the spending rather than holding stage.. so even a brand new bitcoin investor would like to short cut some of the time in order to be able to start to spend,.. so maybe in 15-20 years rather than 30-40 years.
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jojo69
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diamond-handed zealot
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March 01, 2024, 08:46:30 PM |
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Nigeria orders cryptocurrency firm to pay $10bnThe Nigerian government says it has demanded almost $10bn (£8bn) in compensation from the cryptocurrency firm, Binance.
It says Binance manipulated foreign exchange rates through currency speculation and rate-fixing, which have seen the naira lose nearly 70% of its value in recent months.
Two Binance executives were arrested in Nigeria earlier in the week.
Binance has not responded to the BBC's requests for comment.
Nigeria is Africa's biggest economy and also one of the world's biggest cryptocurrency markets. Cryptocurrency transactions equivalent to about 12% of Nigeria's total income, or GDP, took place in the year to June 2023, according to Reuters news agency.
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ChartBuddy
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March 01, 2024, 09:01:24 PM |
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ExplanationChartbuddy thanks talkimg.com
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Chibit01
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March 01, 2024, 09:13:02 PM |
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Does anyone care to explain or know how these ETF's work? Do they hold indefinitely? Do they sell at x y Z % profit? Do they sell when the clients(boomers) say sell? Or is the fund manager in control? Do they actively trade too?
Thanks,
Yeah I am absolutely interested to know also please any explanation can go a long way I very long way
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ChartBuddy
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March 01, 2024, 10:01:21 PM |
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xhomerx10
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March 01, 2024, 10:42:48 PM |
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Nigeria orders cryptocurrency firm to pay $10bnThe Nigerian government says it has demanded almost $10bn (£8bn) in compensation from the cryptocurrency firm, Binance.
It says Binance manipulated foreign exchange rates through currency speculation and rate-fixing, which have seen the naira lose nearly 70% of its value in recent months.
Two Binance executives were arrested in Nigeria earlier in the week.
Binance has not responded to the BBC's requests for comment.
Nigeria is Africa's biggest economy and also one of the world's biggest cryptocurrency markets. Cryptocurrency transactions equivalent to about 12% of Nigeria's total income, or GDP, took place in the year to June 2023, according to Reuters news agency. Imagine trying to force anyone to accept a currency that will be worth half the transacted value before you can stuff it all in your wallet. ffs
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ChartBuddy
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March 01, 2024, 11:01:22 PM |
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strawbs
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March 01, 2024, 11:18:13 PM |
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Does anyone care to explain or know how these ETF's work? Do they hold indefinitely? Do they sell at x y Z % profit? Do they sell when the clients(boomers) say sell? Or is the fund manager in control? Do they actively trade too?
Thanks,
Yeah I am absolutely interested to know also please any explanation can go a long way I very long way They just buy forever and ever and ever until there's no more left to buy, and then they cry a lot, wishing they had bought more earlier. And we all live happily ever after.
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Toxic2040
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the evening wall report US debt increasing about one trillion dollars every 100 days this is as ridiculous as it is obscene legacy markets up again today with the nasdaq and s&p500 both hitting ath's both gold and oil up again today also the crazy thing about this rally is that there has not been a rate cut or any other driving factor besides plain demand brought on by the institutional investment into the ETF's its a pretty strong signal imho locally everything under the daily time frame looks great....I am somewhat concerned about the high RSI readings on the daily and weekly charts....but i dont think we are over cooked quite yet tough spot here....want to take the charts and throw them out the window trying to use legacy indicators on the hardest asset ever created....i sometimes wonder how much sense it actually makes be that as it may....the forms probably should be kept for the now either we go up and tickle the ATH or consolidate for a few days to a few weeks....solid steady sideways is never a bad thing with the frothiness there is likely to be ample volatility for the daytarders other than that...situation normal....stack and hodl company shall form up at a walk and raise lances dyor D W stronghands
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ChartBuddy
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March 02, 2024, 12:01:20 AM |
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philipma1957
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March 02, 2024, 12:05:29 AM |
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okay buddy in the Words of Joe Biden "here's the Deal" "we want you to break new ground 70k over night." I have 7pm EST let us see 70,019 by 8am tomorrow morning. chopper will get very busy so vroom will need be ready for the exercise.
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OgNasty
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March 02, 2024, 12:13:46 AM |
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okay buddy in the Words of Joe Biden "here's the Deal" "we want you to break new ground 70k over night." I have 7pm EST let us see 70,019 by 8am tomorrow morning. chopper will get very busy so vroom will need be ready for the exercise. I don't think we're going to have the strength to push it to new highs during a weekend. Maybe I'm wrong but it feels like the market is really centering around ETF trading these days. Maybe the weekend will stir up some FOMO for Monday action that will take us to new heights... We'll have to wait and see. I tend to think we have another week or two of consolidation before we take another leg up, but this market has been surprising me since the beginning. We could rip straight to $100K before the halving and it would seem normal at this point.
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bitserve
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March 02, 2024, 12:40:38 AM |
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okay buddy in the Words of Joe Biden "here's the Deal" "we want you to break new ground 70k over night." I have 7pm EST let us see 70,019 by 8am tomorrow morning. chopper will get very busy so vroom will need be ready for the exercise. I don't think we're going to have the strength to push it to new highs during a weekend. Maybe I'm wrong but it feels like the market is really centering around ETF trading these days. Maybe the weekend will stir up some FOMO for Monday action that will take us to new heights... We'll have to wait and see. I tend to think we have another week or two of consolidation before we take another leg up, but this market has been surprising me since the beginning. We could rip straight to $100K before the halving and it would seem normal at this point. Agreed. I will be more than happy if (as it seems will happen) we close the weekly candle over 60K. Consolidation is important.
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ChartBuddy
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March 02, 2024, 01:03:25 AM |
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ChartBuddy
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March 02, 2024, 02:03:26 AM |
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ChartBuddy
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March 02, 2024, 03:03:29 AM |
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ChartBuddy
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March 02, 2024, 04:01:18 AM |
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JimboToronto
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March 02, 2024, 04:06:25 AM |
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Does anyone care to explain or know how these ETF's work? Do they hold indefinitely? Do they sell at x y Z % profit? Do they sell when the clients(boomers) say sell? Or is the fund manager in control? Do they actively trade too?
Thanks,
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bitebits
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Flippin' burgers since 1163.
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March 02, 2024, 04:55:59 AM |
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Just to add some bullishness to the bullishness. A good read IMO on why we haven't topped yet according to a variety of indicators: https://x.com/intangiblecoins/status/1762865996447035600To me what stands out from this writeup is: Bitcoin ETF's can't be converted into shitcoins which is something that has happened each cycle until now. Too tempting to gamble some of those bitcoin gains into a shitcoin that just went up 10x. And secondly that even with the Bitcoin ETF's approved, it takes at least another year or so for all brokers, banks and investment advisors to add it to their platforms and marketing machines. Which with each approval (looking at you Vanguard) adds fuel to the fire (in cyberspace).
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