SauronRings 31 Posted February 23 Share Posted February 23 2 hours ago, ManBearPig said: Speaking of which, the USA is looking at adding new ‘financial transaction taxes’ in the future. No wonder all american companies move their headquarters eg google in Ireland. Link to post Share on other sites
jMusic 896 Posted February 23 Share Posted February 23 4 hours ago, JASCoder said: No mon. I have been using my Schwab account to buy with my IRA funds, for some time now. Me too, IRA fully loaded with GBTC and ETHE (Grayscale's Ethereum fund). Eric123 1 Link to post Share on other sites
Neurotoxin 392 Posted February 23 Share Posted February 23 3 hours ago, ManBearPig said: Speaking of which, the USA is looking at adding new ‘financial transaction taxes’ in the future. Of course they’d be. They always want a (big) piece of everybody’s pie. Link to post Share on other sites
Nat99 40 Posted February 23 Share Posted February 23 11 hours ago, jMusic said: is priced at a premium over the actual btc price I understand GBTC's premium has collapsed recently. I've heard arguments that it'll turn into a discount once the SEC approves an ETF, given the advantages over such ETF over GBTC. @Eric123 Saifedean recently discussed with Michael Saylor that GBTC will never be able to sell those BTC because of the trust structure. I'm not familiar with this, we don't really have such structures in Europe. Would you be able to add some color to this? Eric123 1 Link to post Share on other sites
WarChest 488 Posted February 23 Share Posted February 23 Here's hoping that we are not at "5" QWE, BillyOckham, Rapple and 2 others 5 Link to post Share on other sites
Plikk 19,162 Posted February 23 Share Posted February 23 This could make sense if the Tether news is used topump the market again. Otherwise, my old theory holds. Link to post Share on other sites
jMusic 896 Posted February 23 Share Posted February 23 FLD (yellow) appears to be acting as support for now. If btc closes below it then it will likely drop significantly. Second chart is fitting a logarithmic growth curve to historical btc prices, which along with stock-to-flow and metcalfe's law are current areas of interest... Note that price is logarithmic in both charts. Rty-Quilla and Plikk 1 1 Link to post Share on other sites
Eric123 9,239 Posted February 23 Author Share Posted February 23 Looks like Bitcoin could be making it's biggest red candle in it's history. Bull markets make for exciting times - but - Bitcoin is still in a Bull Market. I'd be bargain shopping today - ETH below $1,500 get em while you can. I've seen that this draw down, at least partially is attributable to Musk's Tweet. The Cult of Musk is strong. @JASCoder & @jMusic When did you guys start buying GBTC - I see an article from this past August saying that GBTC is moving to the OTC market but the Greyscale website still states it is for accredited investors only (in some places) Hang tough - bull markets are way more stressful than bear markets dtpace, VegitaXRP, HPNASTPN2BRKNNS and 3 others 4 2 Link to post Share on other sites
jMusic 896 Posted February 23 Share Posted February 23 16 minutes ago, Eric123 said: @JASCoder & @jMusic When did you guys start buying GBTC - I see an article from this past August saying that GBTC is moving to the OTC market but the Greyscale website still states it is for accredited investors only (in some places) Iirc mid-2019. As long as I've known GBTC it has been otc and I don't need to be 'accredited' to purchase it. Eric123 1 Link to post Share on other sites
2ndtimearound 7,030 Posted February 23 Share Posted February 23 5 hours ago, WarChest said: Here's hoping that we are not at "5" Everyone ALWAYS believes the dip is before a take off. As often as not, the dip is before another dip. Link to post Share on other sites
Baka 2,278 Posted February 23 Share Posted February 23 @Eric123i m still really bullish on BTC , but i do see a correction bigger than what we re having right now , to the low 40's then low 30's on short term . Ofc if we go in the 30k's it will become a really good price opportunity to buy more Link to post Share on other sites
JohnnyLarue 22 Posted February 23 Share Posted February 23 36 minutes ago, Baka said: @Eric123i m still really bullish on BTC , but i do see a correction bigger than what we re having right now , to the low 40's then low 30's on short term . Ofc if we go in the 30k's it will become a really good price opportunity to buy more crazy how 30k was only around the end of January...what a rollercoaster. Baka 1 Link to post Share on other sites
xrp-nuke 420 Posted February 23 Share Posted February 23 (edited) 2 hours ago, JohnnyLarue said: crazy how 30k was only around the end of January...what a rollercoaster. Well, it took 1 month to go from 800B to 1.7T market cap, and took 1.5 Day to go down 350B in CM. Bulls rollercoaster is to far away tbh Edited February 23 by xrp-nuke Link to post Share on other sites
Eric123 9,239 Posted February 24 Author Share Posted February 24 Bitcoin is kicking around 50k give or take. Guys this is normal behavior for a bull market, big runs, pull backs, new bigger runs, pull backs. If you weren't around for the previous bull runs believe me this is a new experience. You can't judge Crypto based on your experience in stocks. Your definitions of - overheated, overextended, pullback - among others will get rewritten. dtpace, Luinorn, Chookstar and 4 others 5 2 Link to post Share on other sites
Plikk 19,162 Posted February 24 Share Posted February 24 This is what I think will play out. Above trendline can be drawn differently* automatic, MQB, Julian_Williams and 2 others 6 Link to post Share on other sites
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