Replies to post #21987 on Cycle Trading

[No-Quarter]

Ha, I was in your exact position not too long ago.

Also, remember I described a few days ago my specific financial position and my desire to take more risk at this stage of my life.

If I may, I offer the following to help you see my perspective, and why I am currently 20% invested in BTC.

Between 800 and 900 new bitcoin are added to the market on a daily basis. That’s roughly $16 million worth of bitcoin at today’s prices. And research from hedge fund Pantera Capital shows PayPal and Square users are scooping up 100% of these new bitcoins.

In fact, in the past three months alone, Square users bought and sold $1.6 billion in bitcoin. Many folks still hold Wall Street titans like Goldman Sachs and JPMorgan in high regard. That’s due to their past accomplishments, which are fading further into the distance every day.

The above pull quote from here -

https://www.forbes.com/sites/stephenmcbride1/2020/12/04/you-can-now-buy-bitcoin-on-paypal-for-1/?sh=19869b934793


For your reading pleasure, on this Monday of a 3 day weekend, here are a few links I have gathered recently to support my position. You can check them out and make your own assessment. I invite you to tell me where I might be incorrect. I do appreciate constructive criticism.

GLTY

https://www.cnbc.com/video/2017/12/28/ark-investment-management-ceo-we-bought-gbtc-when-bitcoin-was-below-250.html

ARK Bitcoin White paper can be downloaded here - https://ark-invest.com/white-papers/bitcoin-part-two/


The next link lists only a few of the many big names that have announced support of Bitcoin in the last 6 months of 2020;

https://www.cryptoglobe.com/latest/2021/01/bitcoins-top-10-highlights-of-2020/

https://www.barrons.com/articles/bitcoin-could-hit-500-000-according-to-ark-invests-catherine-wood-51605906264

https://coinjournal.net/news/ark-investment-chief-predicts-more-firms-will-invest-in-bitcoin/


...and you need to read the following link for the last two links to be in perspective.

https://www.etftrends.com/disruptive-technology-channel/cryptos-going-to-be-huge-for-fintech-etfs/

https://www.cnbc.com/2021/01/15/jamie-dimon-says-jpmorgan-chase-should-absolutely-be-scared-s-less-about-fintech-threat.html

https://www.cryptoglobe.com/latest/2021/01/jpmorgan-chase-ceo-on-blockchain-technology-and-the-very-very-tough-competition-against-fintech-firms/