BITCOIN as an alternative to regular currency
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jamesedwards
- Posts: 3915
- Joined: Wed Nov 21, 2018 6:16 pm
Randomly bought something called "The Graph" with some residual eToro balance back in October. Just checked and it's quadrupled in value.
But can you get your money back out ?jamesedwards wrote: ↑Thu Mar 07, 2024 5:50 pmRandomly bought something called "The Graph" with some residual eToro balance back in October. Just checked and it's quadrupled in value.
Timeshare seemed like a good idea initially until people found out they couldn't sell there time shares
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jamesedwards
- Posts: 3915
- Joined: Wed Nov 21, 2018 6:16 pm
Why do you say that? I've never had any problem withdrawing from eToro before.Bobajob wrote: ↑Thu Mar 07, 2024 7:38 pmBut can you get your money back out ?jamesedwards wrote: ↑Thu Mar 07, 2024 5:50 pmRandomly bought something called "The Graph" with some residual eToro balance back in October. Just checked and it's quadrupled in value.
Timeshare seemed like a good idea initially until people found out they couldn't sell there time shares
Reminds me I bought a small bunch of virtual reality stocks (or something similar, cant remember) out of boredom. To be honest not even sure they were stocks as such.jamesedwards wrote: ↑Thu Mar 07, 2024 5:50 pmRandomly bought something called "The Graph" with some residual eToro balance back in October. Just checked and it's quadrupled in value.
Forgot about it for 2 years. Went up 10x
I thought it might test the old/current high a few times before eventually smashes through
If I were day trading them I'd have certainly be selling around $69 the first 2-3 times then buying back at the last support level
yup -it definitely *pays* to monitor things like BTC thro the $ lens, rather than local currency.
think we're doing a final revisit of $72k and then beyond $75k in the next week... have been wrong before mind you (and there is quite a big fair value gap from $52->$57k; so we'll see how that plays out) 
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as i mentioned above, the big fvg from 52-57k looks to be having an effect here (the small/closer fvg could also see the reversal). we can also see that the last high only got as far as 74k (not quite the 75k), so could get interesting:
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just proving that this fvg stuff is NOT rocket science. same chart from monday with my rough fvg drawn on. in the intervening period (with no changes from me), the price has dipped in, pulled the liquidity, popped out and done a final suck before mving back off. the bigger fvg below is still up for grabs.
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BC and other major alts all taken a huge battering last few days along with stocks
Its shows how major investors have not gotten large stakes invested in crypto, a few years ago when stock prices plummeted Crypto along with gold would counter balance it and head north
Its shows how major investors have not gotten large stakes invested in crypto, a few years ago when stock prices plummeted Crypto along with gold would counter balance it and head north
So, a few things. At time of writing, Bitcoin $92k and Microstrategy $384
I have had some time to look at a few things and really get my head around both Bitcoin and MicroStrategy which now holds about 1.57% of the total 21m float.
21m is the total number of coins that will ever be mined. If you account for the approx 5-6m BTC that have been lost, the % number of BTC MicroStrategy hold is far greater. They currently hold 331,200 BTC, with a current value of $30.5 Billion. The market cap of MicroStrategy is roughly 300% of the current value of their holding.
So, a question circulates why the premium for MicroStrategy ? As it does little apart from hold these coins.
Well .. every time BTC goes up 1%, MicroStrategy goes up 2% (the reverse will also be true, maybe greater downside)
The more coins MicroStrategy get their hands on, and they recently raised $42B to buy more, of which they have spent 20%, the greater overall control they will have of the platform and accrue benefits from lending BTC.
Since the USA election, Trump et al have placed themselves to reduce regulation of BTC. All the key positions will be pro-BTC and its even possible the USA will create a BTC strategic reserve.
I think this makes a difference, and thou both BTC and MicroStrategy have had amazing runs in price, some consider it just the start.
If BTC hits 100k, some of the long-term holders of BTC might waver (something like 2 out of every 3 holders haven't touched their stash in ages - its simply a store of (value) , but countering this is an argument sovereign wealth funds might be buying reserves.
In the UK, the Financial Service Authority prohibit both the purchase of Bitcoin or an ETF which hold crypto. They have shafted millions of potential holders (thinking they were maybe doing the right thing) or protecting the status quo.
I personally feel the UK GBP is in a torrid place. It will depreciate and the Uk economy will deteriorate. X-rate currently 1.26 to $
This probably won't be good for Uk shares/indices.
I have had some time to look at a few things and really get my head around both Bitcoin and MicroStrategy which now holds about 1.57% of the total 21m float.
21m is the total number of coins that will ever be mined. If you account for the approx 5-6m BTC that have been lost, the % number of BTC MicroStrategy hold is far greater. They currently hold 331,200 BTC, with a current value of $30.5 Billion. The market cap of MicroStrategy is roughly 300% of the current value of their holding.
So, a question circulates why the premium for MicroStrategy ? As it does little apart from hold these coins.
Well .. every time BTC goes up 1%, MicroStrategy goes up 2% (the reverse will also be true, maybe greater downside)
The more coins MicroStrategy get their hands on, and they recently raised $42B to buy more, of which they have spent 20%, the greater overall control they will have of the platform and accrue benefits from lending BTC.
Since the USA election, Trump et al have placed themselves to reduce regulation of BTC. All the key positions will be pro-BTC and its even possible the USA will create a BTC strategic reserve.
I think this makes a difference, and thou both BTC and MicroStrategy have had amazing runs in price, some consider it just the start.
If BTC hits 100k, some of the long-term holders of BTC might waver (something like 2 out of every 3 holders haven't touched their stash in ages - its simply a store of (value) , but countering this is an argument sovereign wealth funds might be buying reserves.
In the UK, the Financial Service Authority prohibit both the purchase of Bitcoin or an ETF which hold crypto. They have shafted millions of potential holders (thinking they were maybe doing the right thing) or protecting the status quo.
I personally feel the UK GBP is in a torrid place. It will depreciate and the Uk economy will deteriorate. X-rate currently 1.26 to $
This probably won't be good for Uk shares/indices.
Trump / Musk is obviously a +ve for BTC.
My view on how BTC will play out is that as a non yielding asset, its returns can only fall over time unless it goes exponential. So I don't think it will be abandoned, but may just loiter in the system for years to come gradually achieving a lower return over time.
My view on how BTC will play out is that as a non yielding asset, its returns can only fall over time unless it goes exponential. So I don't think it will be abandoned, but may just loiter in the system for years to come gradually achieving a lower return over time.