But it’s on sale for $399! 😂

Controversy aside I don’t get the appeal. I don’t need more clutter in my house, and I don’t need work people knowing I’m a bitcoiner by displaying the clock in the background of video calls.

Timely post. I just got a notification from my bank (eek) that global money transfers will be unavailable for part of the weekend?

When was the last time Bitcoin was down for maintenance?

“The coin that will become more popular than bitcoin by market cap” — Some people, circa 2021.

But it’s interesting to see how things play out. Last cycle ethereum amplified the pumps and dumps of Bitcoin. Bitcoin was up 2%, ETH was up 6%. Bitcoin was down 1%, ethereum was down 5%. But now ethereum just follow along for the ride calmly.

Well, the stocks markets are closed. It’s time to pump Bitcoin so the suits come to work Monday morning to another 10-15% pump!!

Bitcoin: 🚀

ETH: 💨

Bull market over. $10k incoming. /s

The $12m seems excessive. I get she suffered loss of income, but $12m?

Saturday?

Plus I hope you are right as 85% drops are great buying opportunities. 😅

I am not sure. Most ETF investors don’t have a hodling mentality. Any sell offs in the market will be amplified by the ETFs.

When the average investor will want to de-risk their investments, there will be a mass exodus in the Bitcoin ETFs which will drive prices down.

It would be unlikely to be broken, at least this cycle. Right now the 200WMA is at about 40k. It’s unlikely that the average price will be lower than 40k in the next 4 years.

That’s not to say that the 4 year average price will always go up. I’m sure one day there will be a 4 year long bear market which will break the up trend, but I don’t think it will be anytime soon!

I do wish I could convince her to allocate a small portion of her savings to Bitcoin ETFs, even 5%, but some things are just not meant to be.

I actually don’t remember ever telling her about my Bitcoin holdings. Haha

These articles miss the mark. Same for the articles on El Salvador, they all refer to Bitcoin as a “Bet”. “Their bet paid off”.

Yes, it’s a bet if you only invest in Bitcoin for 2 months and try to time the market. Or if you are a day trader.

But if you HODL there’s nothing remotely close to a “bet” in holding Bitcoin.

That’s why I find the 200WMA chart so powerful. Everyone that held Bitcoin for 4 years or more is in the green. Not much of a gamble if you zoom out to remove the noise …

* good time

My elderly mom who knows next to nothing about Bitcoin saw in the newspaper today that Bitcoin was above $90k USD.

My mom: “Do you still have some Bitcoins? It’s above $90,000. It’s a time good to sell”.

Me:

So, the CRA (the IRS of Canada/tax collection agency) has been exposed by whistleblowers for mismanaging money, and now they are doing a witch hunt to find the whistleblowers because they are mad they were exposed?

WTF?

And I need to pay income taxes to these clowns?

https://www.cbc.ca/news/canada/cra-whistleblowers-bogus-refunds-1.7381266

Does it count as an emergency if you don’t have enough bitcoin?

I know. This is painful.

“BREAKING: Bitcoin crashes to prices not seen since this morning”

That’s appealing and appalling at the same time!

Well, technically wine is a juice, so … 😅