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Hahaha, so TRUE. BTC will be the same -- a winner when most still think it's a loser.
I love when it dips. Mo buys. Volatility is a good thing for now. When it becomes more mainstream, it'll get more boring, like the USD.
Congrats on your buys! HODL :)
OMG look at all the stops they just took out!!! Don't be rekt folks. Hang on for the ride!! What a day. It's going to be like this for awhile, IMO.
Right. I feel bad for anyone who was stopped out due to the constant gloom and doom on board. GNBT has been performing for investors. I'm up nicely. Management is contending with operations and financials just fine, so far, and keep their eye on the prize. Both holders and traders can make money here, IMO.
GLTA
Yeah that was a strange blip. Possible it corrects back up in the same way. Over $12.3 now and moving quickly on low volume.
That's right, they were. We were in a bear micro. It was going to break one of two ways, bigly. It broke to the upside, as I expected it would.
Buckle up folks. It's going to be a gooooooood morning!!
GLTA
Why yes, yes it is. <3
Early close today, markets closed tomorrow. Will folks hold for more than a day, or get scared and flip out like they do? And if they flip out, will they stay out until Monday, after the long weekend?? I have to wonder exactly where we will be by Monday. That's a whole lot of time for BTC to move. My guess is we'll be very far from where we are now. Up or down is anyone's guess, but everyone knows where I think we're going.
GLTA
And to all American patriots, Happy Independence Day !!!
I sure hope no one in here held their short position O/N. This has another 12+ hours to go. What if it KEEPS going up -- because we all know it was jacked with to the downside. T minus and we are ticking along to the halvening, a supply side fiesta!
IMO, we'll soon be double where we are now. There is money in volatility. No money in steady state.
GLTA
When will folks realize that unless they can buy back LOWER, you only lose when you sell. We all know where BTC is going. The trend is in tact. Folks are merely trying to shake out your shares. And for the feint of heart, it's working. I'd done nothing but buy lately. Last buy when BTC was in the 9s. Supply and demand, folks.
GLTA
True, volatility scares retail. But that will lessen with age of the asset. It never goes away completely in any asset. Look at other currencies (like USD or Euro, etc.) or other stores of value (like silver, gold, etc.). There is a place for it as a 'medium' and a place for it as an 'asset' and a place for it as an 'investment' or 'trade'. All things to all people. It is what you want it to be!
No, it isn't. Libra (inappropriately named, should have been 'Veniculum' instead!) is a digital currency. It's not even a crypto. It's more like JPMCoin or any other system that allows payments. The best part of it is that it will show current un-users how to have and manage a digital wallet. When these folks figure out how to do that, then compare what BTC is to what Libra is, it will be a no-brainer which one actually has VALUE and isn't just a medium of payments.
Backed? You mean like fiat currency is....not. BTC's value lies in it's scarcity. Econ 101 Supply v Demand
LOL"
A 'correction' does not a fraud make, esp when this 'fraud' has made a lot of folks a lot of money, a there is an upcoming supply adjustment. So do your best to shake out folks now because you'll be doing it at a much higher price later, as we both know.
I picked up more yesterday with it being 'on sale'. :)
Roller coasters are way more fun, and profitable, than merry-go-rounds. I certainly wouldn't want to be out when this takes off. This health correction is setting up nicely for the big run.
Same song and dance from you. It's a good thing GBTC goes UP and DOWN. Everyone gets a piece of the pie. And HODLers make out HUGE.
FWIW, GBTC is not my biggest percentage gain today. :)
Yes, traders were jacking with the PPS yesterday more than usual.
We keep inching towards that $13k mark, trying to pass it but meeting some resistance. Very typical of those zero levels. We always see resistance there the most. But if you look at the sheer volume and the sea of green, the trend is still very much our friend. Up we go.
I personally don't see significant pullback until around $20k. It's very possible we will be at 15-16k by next week, IMO.
Then again, if we sniff up on closer to $13,000, we go off closer to $17.
DON'T BLINK!!
LOL
Yes! Hovering around $16.22 pre-market now. If BTC stays around $12,600, GBTC should go off closer to $16.50, basically over 10% from where it closed yesterday.
I thought the same thing around the 11k mark, that it was going too fast, needed to pull back a bit and consolidate to power up the next move. The pattern seems to be in spurts. We are spurting right now!! LOL Then we will have a little resistance and profit takers. We have thousands to go on the ride up before any significant pull back. At that pullback, we power up big time for the ride into the halvening. IMO
GLTA
It went over $12,200!!! If this momentum holds for the open, we open over $16, IMO. This is so much fun!!
+ $12,000!!!!! Woo hooo!!!!!!!
My towards the end of day buy is looking kind of good right now. :)
BTC just hit a high of $11,601.52 before pulling back a bit.
Respectfully, I disagree. My bet is GBTC sees $20 before it sees $10. After it gets into the $20s, I suspect a significant pullback before a sustained, parabolic uptrend. Just my 2 cents.
I call BS on this. Players gonna play. Smart folks can see it's on sale and will buy. I just picked up a couple hundred more shares, even though yesterday I would have said I had enough. Couldn't resist. Already up.
The manipulators can't hold it down forever without seriously eroding their stash.
Shorts are about to get smashed. Get ready!
Right, but the premium then is not the premium now. It keeps changing. It will all depend upon what BTC is ultimately doing. Today GBTC is NOT fully following BTC. It just means traders are jacking with it a bit.
When BTC hits 20k, GBTC PPS will be more like $25 +.
Thank you, I'll check him out.
Thank you. I'm really looking to do my own charting, but always interested in what others have to say.
Where do you do your charting? Do you use TV, or a direct exchange? I'm looking around for the best place to chart BTC with good, easy-to-read technicals. Trying to compare what's out there, and the cost.
I'm reading this whole piece thinking exactly what doesn't show up until near the end: "To be clear: FATF’s recommendations for anti-money-laundering policies are not binding; member countries adopt them by passing legislation or writing regulations. However, countries that fall egregiously out of compliance with FATF standards get put on a blacklist, making them radioactive to foreign investment."
These are GUIDELINES, not RULES. The headline makes it seem like an imperative! Every individual country must first decide to adopt the rules, then pass legislation in their own country to make it happen. It's like NATO or the IMF or Pirate Code. Guidelines and suggestions.
As to countries falling on a 'blacklist' making them radioactive to foreign investment, that's just scaremongering. Guess which country MOST does not comply with their 'rules'??!! Yep. The USA. Guess which country has the most FDI right now? Yep. Also the USA.
On a positive note, government wanting to regulate something VALIDATES it's existence and worth. Just more confirmation of what those of us in here already know.
https://hotcryptonews.com/2019/06/23/all-global-crypto-exchanges-must-now-share-customer-data-fatf-rules/
Anyone want to hazard a guess as to where GBTC opens tomorrow?
I say over $17, 25%+ higher than where it closed on Friday.
Thank you.
Does anyone have that Grayscale BTC premium link?? If so, please post. Thank you.
The way it's going, you could be correct!
11,207.72 USD
Last trade price
+14.05%
24h price
35,761 BTC
24h volume
BTC could be $13k by Monday. It did over 1k in less than 24 hours, with (like I predicted) very short pullbacks and buying ops. Either get the timing right, or HODL. Most folks should be HODLing, IMO, because they aren't very good at timing.
11,050.00 USD
Last trade price
+12.64%
24h price
34,745 BTC
24h volume
Monday is going to be SWEET!!
I always feel badly for those who sell out on Friday afternoons, afraid to go into the weekend. We've have many more up weekends than down. And the trend is very much up. This weekend is amazing so far. 10 cents shy of $11k as I type! 7, 6, 2, 1 aaaaaand there it is!!!
Right now, it opens above $16. We've entered the FUN ZONE!!
GLTA
Haha, me too. I slept through the $10k break. I knew it would be this weekend for sure. Woke up to my crypto buddy messaging me about it. If the current price holds for Monday a.m., this opens above $15. I think the trip to $13k after breaking through $10k is a short trip. Resistance points? Yes. Buyback opportunities? Much shorter. IMO
GLTA
EH just hit $13.40. We have 5 min to get to $10k!! LOL
The trend is our friend folks. I can't help but laugh at the people who were calling for BTC $1-2k, even as it was moving from $3k to 4 to 5 to 6 to 7 to 8 to 9 and now 10. Their followers have got to be TICKED!!
Have fun today!