The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Some random troll bashing his bishop is not panicking me LOL
Am enjoying an ice cold beer in the sun and extremely relaxed, hope everyone’s the same. Looking forward to the Wyckoff whale reach for the Spring then the “boing” moment as we hit the SoS (sign of strength)
Es todo bien y que calor! ;)
For all the TA that is out there, the truth is no-one knows how the short term BTC price will move and if you listened to every YouTube channel you’ll FUD yourself out of the market. What is more reliable is the 4yr cycle history and long term S2F model, both of which have been proven indicators of direction of travel in a bull cycle.
The whales control the price, we’re just pawns in the whole scheme of things so just buy and hodl then you won’t get caught up in the games. As @RC pointed out, if ARB is £1.61 when BTC is mid $30k, this bodes well for the SP when it does break out to the upside.
Play the long game.
And before anyone gets into a flap about this (too many emotional worry worts around here), CBDC’s would compete with fiat NOT Bitcoin as they’re just another form of centralised government controlled currency. Bitcoin is unique both as a network and store of value.
@k3vmc
I’m saying don’t get your knickers in a knot because of one billionaire who wants a lower BTC entry point sends a tweet with a veiled warning. BTC will do it’s thing, Scott Minerd doesn’t control it (though he thinks he does) and you were right to tweet the SEC to highlight his actions.
@k3vmc
No-one knows what BTC will do over the weekend so you can’t say it WILL get hammered. You put too much weight on the word of a billionaire, like many others no-one is bigger than BTC, least of all Scott Minerd with his not so thinly veiled agenda. You thinking he’s warning people because he genuinely cares about retail investors? Join the dots....
Scott Minerd is also on record for some time now as wanting to get into BTC but wants the price lower. Conveniently he is predicting short term downside but long term a target of $600k. A classic FUD spreader who missed the boat and now wants in - total garbage, ignore.
https://www.coindesk.com/guggenheim-cio-says-bitcoin-could-eventually-climb-to-600000
Blackrock, Goldmans, JP Morgan all driving FUD to get in before Gensler approves an ETF next month and the BTC price rockets. This is their window to accumulate in the $30ks before letting retail investors enter in the $60-80k range. Look at what they’re doing rather than saying eg Goldman training staff on offering crypto, JP Morgan to let clients invest in BTC fund.
https://www.coindesk.com/jpmorgan-to-let-clients-invest-in-bitcoin-fund-for-first-time-sources
https://www.coindesk.com/goldman-sachs-to-offer-bitcoin-to-wealth-management-clients
@RC
Fool me once, shame on you. Fool me twice, shame on me.
People get wise to the whale games, there’s only so many times they can play the same hand before it no longer has impact. Am personally glad BTC long leverage gamblers have been wiped in favour of long term hodlers. The same with ARB, far too many traders and speculators rather than true long term investors. Fortunately IIs can see further than their own nose and have a long term outlook.
I commented yesterday that BTC recovery could be long or short. If the whales had just gone for retail capitulation once at $30k then I think it would have been a slower climb back, the fact these greedy whale pigs have opted for two bites of the cherry now indicates to me a harder bounce back. You can’t get more juice out of a sucked orange.....
@RC
Evening, hope all’s well. The danger now after surviving the FUD onslaught is that some here who held will frustrate themselves out of the market through lack of patience and expecting the SP to exponentially grow in weeks rather than months. It’s evident that many who post want to be made wealthy instantly. BTC has been through the equivalent of a mini heartache of late courtesy of the whales - we may recover in a week but it may take a couple of months while they accumulate and people need to emotionally prepare for either scenario. ATB
It’s only a “testing time” if you’re a trader or speculator. As an investor I couldn’t give a toss about daily SP movement, it’s about the quarterly and yearly direction of travel. Am now going to spend some time with friends and family. For those providing a running commentary on every BTC or SP move up or down, enjoy your day staring at a screen and fretting over every slight adjustment. :)
Huge BTC conference coming up next week. On the agenda ESG and possibility of a green wrapper being put around those coins mined sustainably all of which favours Argo. This would be the last major hurdle to institutional involvement in BTC as will satisfy their ESG responsibilities demanded by internal committees and underlying investors.
https://b.tc/conference
PayPal advertised to recruit someone with crypto experience last year... two months later they announced adopting BTC. If Apple follow suit (as the job spec explicitly outlines) then Cathie Woods’ $500k BTC by end of year comes into view and doesn’t seem so outlandish. Even the more conservative S2F model forecasts $288k by end of 2021.
Stop arguing with FUD spreading trolls - this is HUGE news
https://www.google.com/amp/s/cointelegraph.com/news/apple-seeks-to-hire-alternative-payments-manager-with-crypto-experience/amp