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I don't think so. There is nothing about the writing style or content that suggests it.
I also think that calling out someone on an anonymous chat board is pathetic.
If BTC can close above 38200 it will be its highest weekly close in history. I'm hopeful for a good week if it can manage that.
Old FUD story. Nothing to see here.
@Flowerpot, it's all good. I respect your balls in borrowing to leverage your investments. Like I said, not for me but I wish you nothing but success.
@munchboxer no offence taken. But rather odd that you would bother yourself with speculating on anyone else's position here. If you really are interested then you could check my posting history. It's almost up to date on my position here, but I did buy some more between 62 and 90p that I didn't post about.
Not for me flowerpot.
Borrowing against your btc means that you have to over collateralize it. From memory you're talking 150% in the average DeFi smart contact? (Happy to be corrected with actual figure here- can't be arsed to look it up tbh!). You are then leveraging your position by reinvesting that loan back into the BTC market, enhancing your risk along with your potential rewards.
So, you've gone from investing in an extremely volatile asset with an asymmetric upside and a (hopefully!) worst case scenario of having to wait a few years for BTC to bail you out to a real risk of losing your BTC completely. To me you've flipped the risk reward ration on its head and ended up on the wrong side of things.
Each to their own of course - you do you - but not for me.
Unknown.
Doesn't mater one jot what price BTC is now. It matters what it is on Monday morning for ARB price Monday morning, which again is pretty irrelevant.
All of these short term calls and shouting out BTC price at any given moment are bloody irritating and irrelevant.
I'd honestly be delighted with £5. I'm actually thinking more like £3, but some would say this is very conservative.
I've some HIVE. Current price is below recent highs whilst Eth is hugely above. Am hoping for decent upside over next week or 2.
You can buy HIVE through HL.
Just to add, if it was the riskier crypto currencies:
With BTC rising these coins are likely to drop against BTC and USD. When BTC relaxes and moves sideways they will then likely come back alive and do very well.
Cheers.
The ask seemed to be on crypto currencies rather than other companies in the crypto space?
The obvious would be the ones in the De-Fi and Oracle spaces:
DE-FI:
AAVE,
UNI,
COMP,
SNX
Oracles:
Chainlink
All available on Coinbase and so very accessible.
If it was other companies, then I wrote the below on Jan 22nd: .
So, we have miners that can be bought in an ISA:
MARA
RIOT
HIVE
The flag bearer/virtual ETF for the BTC space:
MicroStrategy Inc
And one of my faves -
Silvergate Bank. These guys are a bank for the crypto world. They have developed their own payment rails for the cryptoworld and institutions. The only bank that I invest in!
Silvergate in particular has done well since the above.
Hope it's useful.
An interesting read - thank you Turks.
It's trying as we speak DTB.. let's see it break and hold above it today and over the weekend and I'll be a very happy man.
I'm not here for a day trade or a weekly move. Of course I stay in over the weekends...
Between 25k and 50k.
I'm not even joking. The price is rammed up against selling pressure at circa 38k atm. We break that and hold to close above then it will be the highest ever weekly close and off we go to 50k. We don't break it and we fall back then off we go to retest 30k again. Do we hold 30k? I think so, but there's always the possibility we drop to 25k
I'm favoring the break upwards, but its BTC - it tends to surprise!
@LaG Yes! That did make me laugh too :-)
The part I loved was that:
It took them 7 years to get 1 billion of BTC undermanagement for customers. From 2013 - 2020.
It took them 6 days for the last billion under management for customers.
By the end of the year they will have 25 Billion under management for customers. This isn't guessing, we have the orders.
Fabulously bullish section.
They closed down access to the stocks that were being pumped by the reddit group, across multiple platforms.
Oh I do love a 'free' market.. well free for those who are already loaded that is.
The point of the sub reddit is to punish the establishment through bankrupting Hedge Funds who are shorting stocks.
It's a statement against those who caused 2008 and the ongoing unfairness of the system. It's not about pumping your favorite stock.
Try not to worry about daily or even weekly movements. BTC is very volatile in both directions.
I think that all miners will have times of being multiples up over the coming 12 months, and that ARB is well placed to perform better than most of them.
I would try to keep some money for further dips - this is a possibility. If it does then try to see this as an opportunity rather than the end of the world.
Don't fall into the trap of feeling bad about your past decisions or emotionally beating yourself up. This will reduce your ability to perform well in the markets and may tempt you to sell in order to forget the whole thing; which will be exactly the point at which the market turns back positive.