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So True!!!!
Oh Yea!!! I’ll still be on the beach for awhile in the foxhole waiting for Action!!!
MO MONEY…MO MONEY…MO MONEY!!!
HAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!
Please sleep well!!
Save your energy!!!
We have the weekend coming and who knows…
HAHAHAHAHAHAHAHHAHAHAHAHAHA
FOR SURE THE BULL RUN IS ON!!!
It’s been a painful long time, but the Brave and Smart held on!!
Nice to see you and others long and strong!!!
100% CORRECT!!!!!
YES Yes and YES! The halving in April or May 2024 IS GAME ON!!! You flip out looking for a better entry point…BOOM you could miss the rip!!! That’s why I add on the dips and hold!!!
I agree with you on those targets and not selling prior!
My numbers for multiple reasons are much much higher, due to MOMO, adoption, bad actors being purged, institutional and retail buying, international banking sector offering bitcoin and other crypto services, short squeezes and a real possibility of eating away or dollar de-coupling (the overhang issue of this is an Extremely Serious potentials!!!) and so forth…
Those waiting in this accumulation and staircase building phase north, with decent small pullbacks, only makes the MOMO holdings stronger…day by day!
Like I say, buy the dip (add) and enjoy the Rip!!!
Great Going!!! I added more around there and throughout the dips too. Been building and adding for a long time.
There’s a long ways to go north IMO.
This ride I believe will be epic!
The de-dollarization, inflation getting more normalized and MOMO+ coming back in!!
A totally different set of fundamentals and halving in April or May 2024!!!
Lift Off!!
Shorty is being BBQ’d!!!
Solidly Said!!
Wow, means not to be mean, but asking you to make some calls like a chartist does on CNBC, FBN and every Pro chartist that makes calls…Wow is setting things straight in the real world for you to call a target up or down and make a forward set of calls. Wow that!
Dreamers drawing little arrows without forward calls and living in a rearview mirror. What’s your call now what? Step up and man up! Make a prediction up to down and let’s see what you got! Enjoy seeing your call as will the rest of the board!
I’m still looking where he’s hiding…
I think I’ll call for someone who can think like him for help…Inspector Clouseau
“Where you be hiding my little no nothing?” Oui Oui!! Haha
Now What are those notes on the clock?
Your diapering times for being wrong every hour on the hour? A real TA expert admits when missing a call and steps up to start anew! But not a child! No followers, but losses in your wake…
Step up and make another prediction and let’s see what your crystal ball says this time other than Schedule D tax losses…
Well…? We’re waiting…
It could, but I don’t mind a pull back …
Instead this base building scenario we’ve been seeing, if continued is systematic staircase building and extremely bullish through this accumulation. IMO it’s NOT retail (very little) it’s some major long term buyers of institutional and others much bigger in a stealth sense…I’ve seen this before more than once and sparks up consolidates … settles in for days … then starts again. That’s why I’ve always said buy the dip (add) and enjoy the rip. The market feels less frothy from retail and more position building. IMO
Or worth it’s material value in Bitcoin!!
Just beginning!!
The dollar is under attack and China is relentless against it with the BRICS and now we come to the commercial building loans on a CNN report today that 50% are due this year or so and that’s with a 25%-40%+ vacancy factor by major commercial brokers. The banks will have some splaining to do Lucy!! BITCOIN IS ON THE MOVE!!! Chart that Caveman Moron!! Shorty is screwed!!
Right On!!
That's On Target!!
We don’t have the same rights in their country…
No Doubt! Bitcoin shreds the waves!!
Surfs Up With Bitcoin!!
2 Bitcoins for Every Guy/Gal!!!
Home»News»Bitcoin: Swiss National Bank interested in buying BTC – What this means for price and market
NEWS
Bitcoin: Swiss National Bank interested in buying BTC – What this means for price and market
By STEVE MUCHOKI 8. April 2023
Earlier last year, Swiss National Bank officials concluded that Bitcoin has not yet met the set requirements to be added to their balance sheet as a reserve currency.
Bitcoin price has dropped approximately 33 percent since April last year to trade around $28k.
The Bitcoin market has grown over the years to a global community of over 56 million holders. Trading around $28k on Friday, Bitcoin has attracted institutional investors for outperforming traditional market equities. According to market data provided by TradingView, Bitcoin price is up approximately 70 percent YTD, Gold has gained about 9 percent, while the Dow Jones has only added 1 percent since the calendar flipped.
As a result, publicly traded companies have been slowly adding Bitcoin among other crypto assets to their balance sheet. According to market data provided by Coingecko, a total of 174,374 Bitcoins are held by publicly traded companies around the world.
The largest share is held by MicroStrategy Inc. with approximately 129,699 Bitcoins, worth about $3.6 billion. Others include Coinbase Global and crypto mining companies like Marathon Digital. However, the global banking industry has not invested in Bitcoin due to regulatory constraints.
Swiss Banks on Bitcoin
The banking industry in Switzerland has experienced significant challenges in the recent past. Already, Credit Suisse collapsed and was taken over by UBS under the government’s watch. In their defense, the Swiss Financial Market Supervisory Authority (FINMA) blamed the Credit Suisse leadership for the collapse of the second-biggest bank in the country.
As a result, Swiss banks have begun looking into the Bitcoin and crypto market to ensure future growth prospects. For instance, PostFinance, the fifth-largest financial services company in Switzerland, is set to offer cryptocurrency services to over 2.69 million customers through a partnership with Sygnum Bank.
In a recent TV interview, the Vice President of the Swiss National Bank (SNB) Martin Schlege noted that Bitcoin is very interesting.
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Earlier last year, Swiss National Bank Chairman Thomas Jordan said at the central bank’s annual general meeting that the Bank is against holding Bitcoin as a reserve currency. During the meeting, Jordan added that the Bank is not yet convinced that Bitcoin meets the set requirements for a reserve currency.
“Buying bitcoin is not a problem for us, we can do that either directly or can buy investment products which are based on bitcoin,” Jordan said. “We can arrange the technical and operative conditions relatively quickly when we are convinced we must have Bitcoin in our balance sheet.”
Bigger Picture
The Bitcoin price has significantly benefited from the global banking crisis, which began with three United States regional banks. Notably, investors have been fleeing the banking industry to self-crypto custody. As a result, the United States federal government has identified the decentralized financial ecosystem as a threat to national security.
Note: The government used to say the same thing about gold buyers back in the 1970s! They and the media accused gold and silver buyers if being Anti-Dollar/American…in reality, when Nixon took us off the gold standard so they (the Fed and the government could destroy the dollar, THAT WAS AND IS ANTI-AMERICAN!!!
Now here we at with Bitcoin and other cryptos, etc. NOT A HARD DECISION WHEN THE GOVERNMENT DOESN’T LIKE IT…IT’S MOST “ALWAYS” A GOOD INVESTMENT!!!
HISTORY IS KNOWLEDGE!!!
CATCH A WAVE AND YOU’LL BE RIDING ON TOP OF THE WORLD WITH BITCOIN!!!
Thanks and you’re so right on both points!
Wishing you great success in trading!!
Hi tw,
I just saw this move today…AMAZING!!
Congrats!
You know me from the Bitcoin board.
You nailed it! Haha
Sure does!!!
Wouldn’t surprise me at all!
I think you’re right!
Thanks and I was LOL typing it when being told by Momma!! Just kidding!! He has to put on some Big Boy pants and Man Up on forward projections and make some forward calls! Crying and pounding one’s feet is Not stepping up…Say What…make a call as to where things are going tomorrow, the day after, breakout points and your technicals supporting same or pullback zones and WHAT BELIEVE “WILL” happen other than Mom running down to WalMart to get you a new supply of crayons late at night so you won’t have a fit!! LOL
ap…You are beyond witty and funny!! I’m still laughing at the clown show and coloring book mentalities of the sheep followers! The Ides of March…Priceless!
You’d be fun to know in life! We’re just beginning and gold/silver too! Wait till the BRICS work to push countries away with China’s assistance from our dollar! Bitcoin will BE READY TO DANCE!!! Thanks for the laughter!
Hahahaha back to the chart coloring books…
Solid History Lesson with your post and opening up China FBO our multi national corporations and destroying our manufacturing base and millions of jobs along with destroying our dollar to so the government could throw away our treasure and blood!! He is the Jerk President of All time IMO!!! His name should I be stricken for what and his team of bastards did…
Kill Our Nation!!! China is Happy with the suckers they’ve conned!! Our multi-national corps and the government leadership that took legal bribes from so called lobbyists for those corps and China, should have been prosecuted for treason!!
Period!! There’s a lot of history here to discuss, but the main point is that we are at a decline in the dollar as we all know in relationship to international trade and settlements and that’s why I’m in Bitcoin and Gold/Silver. Flipping it is not my plan for those that want to critique…on a major spike…which I lived through on gold/silver…I LOVED THE RIDE!!! These folks who talk about their system for trading, well great…but wealth is made IMO like I always say…buy the dip and enjoy the rip!
Now look at oil tonight post the Saudi cutback of 500k barrels and it’s affect on inflation from left field. The Fed can’t deal with that, nor can the current administration by holding back oil development whereby the inflation side in a good way, since we could go back to being an exporter and keep prices at bay for our country and its citizens! Green energy conversion will take time and a lot of money and pain…China and India ain’t doing it! All IMO…
Thanks for your points…
Thanks and we are headed to a perfect storm of opportunity and wealth creation!
Great question and post tw!!
Simple answer: Attack on the US dollar dominance and setting the stage for a huge spiral up in value of Bitcoin and Gold/Silver!! Fear!!! Totally!! They say it inside and know what is on the edge of the cliff!!
Right On Target tw!!
History repeating itself again!!
IMO
Good posts ap!
IMO…
Dollar pressures put Bitcoin as a must have small percentage in the beginning and higher as regulatory rules for institutional investment and so forth come into place…CFTC and SEC…hearings on Capitol Hill set or are being set.
Dollar slides further outside of attempted prop jobs by Treasury, etc., which I believe will fail. The old adage, what’s transacted in oil and military strength is the backbone of the dollar is retreating on the oil front and that pressure will push investors of all types, lest we not forget country federal systems, sovereign wealth, hedge funds, institutions of every type, retail and on and on…ADOPTION for diversification as a hedge against the dollar decline, IMO Bitcoin, Gold & Silver. My primary bet is Bitcoin as Digital Gold. I believe we are at the forefront of a replication in history which I made a killing in golf and silver in the from 1971 and through the 70s as a very young kid in my investing and leverage too! As soon as Nixon took us off the Gold standard…in went All In!!
This is much Bigger to me for many reasons. With the BRICS avoiding the dollar…then their follower countries…my logic points me in to this form of investment. This is my take and if others want to flip in and out, that’s fine, but they might miss big run days and not stomach buying in higher and miss a massive run. But, to each his or her own. Good Luck to All on your horse you bet on!
We are in for some fun! Rock ‘n Roll
Have news to share in a bit Pro Bitcoin!!
Thanks!
Hey Shorty,
There’s an advertisement that just hit from Walmart, that adult diapers are on sale.
Rush down and get some in case Bitcoin goes up and affects you the wrong way!
Haha just kidding…Not!
Happy Weekend All!
A Solid Statement!!