We would love to hear your thoughts about our site and services, please take our survey here.
Quite relevant for a blog from 2018...
https://danbarber-12163.medium.com/the-guide-to-effectively-fighting-fud-417d2340678a
https://www.coindesk.com/microstrategy-buys-billion-dollars-bitcoin
Buying shares in MicroStrategy is basically another proxy for BTC isn’t it? :D
Can someone clarify something for me? I’m monitoring price movements in BTC and I’m seeing what looks like, I assume, an institutional buying strategy where the stock, or cryptocurrency in this case, is shorted to keep the price down, whilst buying big at the same time. I’ve been noticing this for the last ten mins or so but could have been going on for longer. Is there any way I can check for a constant stream of steady supply / sell orders but with really large buy orders in between because the price is spiking big and immediately returning to its normal price range. I’ve never seen this before.
Well I can’t claim that myself shorter term - longer term, $100k minimum - but I predicted $49k as a minimum requirement, and cautiously optimistic about that. However, that it burst through $50k with no resistance is excellent. Much more bullish now.
I say this cautiously but I think BTC needs to hold over $49k to go higher and there are signs this could be the case. Charts suggest, incrementally, higher highs and higher lows within a continuing bull market environment. Creeping up for now but I feel it needs to hold above $49k over the next 4-8 hours to go higher and, more importantly, avoid falling further. I’m cautiously optimistic.
I bought a little more ARB and RIOT today on the pullback.
Volatility = opportunity...
Lots of people who have never bought crypto before are reflected in the price being higher than it used to be, whether they are institutions or retail. The former will seize the opportunity to sell earlier (that was yesterday) to buy more later and the latter will panic sell, especially when they are trading something they don’t understand.
Decentralised finance, tokenised finance, and the associated technologies... there are real projects happening, guys - this is not a Ponzi scheme - but much of this is all very new. A correction, a crash, even a dotcom bubble bursting, etc - all possible. If you’re in short term you don’t leave overnight unless you understand the technicals. If you’re in for the long haul, you see this “risk” as an opportunity. It’s why institutions and savvy investors buy oversold stocks whilst other people run for the exits because, well, other people are also running for the exits.
Crypto is VERY volatile, so I assume short term risk (it’s not risk - who the heck wants that funny money fiat stuff unless they need it immediately?) for long term reward.
I can’t say when BTC and the alt’s will stop falling, but it could go down to around $35k. Unlikely but possible. I suspect the psychological barrier of $40k is more likely as the very lowest point. Originally I thought $50k, then $45k. If it falls below $35k I will be genuinely shocked but nothing above that will surprise me (I still suspect $40k more than $35k because it’s a logical conclusion).
If you have a high threshold for volatility, you’ll take several steps back to see the forest for the trees. If you don’t, you’d rather lose small than risk more to gain more later, which is fine but you still lose. And this is also why institutions know how to play the game better than retail. If you think like a sheep, you will face the same outcome as the average sheep, but I also respect how difficult such volatility may be for some people.
Personally, I’m waiting for my very slow trading acccount to bank account transfer to complete (that’s legacy banking, folks grrr) so I can add further to my altcoins (haha you wanna talk volatility?!) and I’m already primed, ready to add to my proxy BTC investments ARB and RIOT, both of which I see a lot higher than they were a few days ago. However, this is just my humble opinion - I could be wrong, so you have to do your own research because it’s your money and, therefore, your risk that’s being assumed.
Sorry for that chapter-length reply! Best wishes to all especially those hyperventilating right now. Deep breaths! :)
YES.
I’d be shocked if Antofagasta doesn’t touch £20 by end of Feb. Copper has supply and demand tailwainds that make for a great future for any currently producing copper miner, especially one with lower AISC costs like ANTO. And that’s before one factors in the money printer go brrr inflation-creating supply of fiat.
The only things that concern me re Antofagasta specifically are strikes and quakes. Everything else looks, so far at least, tickety boo and a half, Mrs Warboys.
It tells you BTC is climbing and it’s going up to $54,000. Technical indicators suggest this strongly. However if it wants to go up another $10k there are more resistance levels to come so I expect consolidation first. Remember corrections are always likely but less dramatically now (touch wood!) due to institutional investors.
If Bitcoin doesn’t go to $100k by end of this year (some say $250k) I’ll be surprised. I was desperate to speculate on the amazing altcoins (eth, aave, uni, ren, etc.) directly and buy into BTC via Argo and Riot earlier but I don’t gamble irresponsibly and I needed to see BTC stabilise a bit. It’s not stable really (getting there, hopefully) but the more institutions buy the more confident I feel. Hedging is important always, but DeFi is the Netflix of finance IMO. BlackRock are “dabbling” now, as if Tesla and MicroStrategy wasn’t enough! The “ponzi” naysayers should look at our devalued, diluted fiat before slamming Bitcoin. Never over leverage, though. Ever. But, yeah... GLA! :)
I’m not avoiding the question but since I’m guessing you’re asking as you’d like a decent rate (mine is expensive!) I hear that FreeTrade only charges 0.5% and I’m pretty sure they have Riot. I know a few people who use them and prefer them to the other fintech competitors.
Kettle’s on? I don’t get it. You’re not asking for a cuppa tea are you? If so, I can throw one at you virtually but that’s the best I have to offer :D
Ah. So that’s why it’s called Sosandar...
“We can tell you a little bit of how the brand came to be called Sosandar. Julie and Ali, our co founders, had an ambition to help women feel beautiful and special every single day! 'Sonder', means beautiful or special in a number of languages, so came the name Sosandar.”
You learn something every day...
Can I please take this opportunity to thank the impatient investors and, I assume, short sellers, who are selling these shares? I’m enjoying my time buying unappreciated quality on a sales rack. Have you seen their revenue growth? So they’re not making a profit yet... no problem. Revenue growth shows that will come in time. Look at the tech companies with a similar revenue trajectory. It’s online you know, not a high street shop. Also, customer retention looks excellent. So, um, feel free to continue... ;)