The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
36% down from peak this week. Must admit, this is the first time since invested here where I haven’t understood the big drop. I can only assume it’s to do with the US market. Doesn’t make sense to me, especially with the good news.
I’ve got a good feeling about BTC today/weekend. If you look at the 1hr chart there’s been a big pattern building up. A couple of hours of dumping then 5-6 hours buying. This has repeated about 6-7 times, pretty much like clockwork and hitting trend lines exactly where it should.
Of course it could continue for a few more cycles, but it looks like controlled buying/selling and it’s defiantly a trend. Once it breaks out it should shoot up a few ks I’d imagine.
FWIW Bitcoin seems to be in a downward channel since yesterday lunchtime and has bounced off the top and bottom 5 times. I think there should be a bit of support where it’s at ATM, so hopefully that was the last bounce and it should breakout around $49k.
Then again it might not and I could be taking s**t. Haha.
Yes I’m in nano, it’s one of the only ones that make a lot of sense to me. Only 500m market cap ATM. Once it gets near the top 10 it should grow massively IMO. Even getting there is x10 it’s price now. DYOR
I’m going to hold on to ARB, but might think about pulling some of my crypto if I hear it’s happening again. I could have nearly doubled my holding if I’d done it last time.
From what I’ve seen. If BTC is doing well, all other cryptos follow suit. If BTC falls then the same happens to the others. Look at some of the charts, they all look pretty much the same. If you time it right, you could trade them and make a bit I think. Mine have double in price and then halved again just as quick. NFTs are supposed to be the next big thing, I’ve heard.
Yes Herdie. Dump a load at once. Drop the price then buy back in small amounts. If that’s what they are doing it would tally up with the chart behaviour where we are seeing a big fall than a steady increase back up to the price again. Who wouldn’t do that if you could manipulate the market that way. They could get caught out though, if someone big sees them dumping and buys a shed load on the dip.
That’s if it’s all true mind.
I was thinking this, which maybe a way around CGT in the future. With all these DeFi payment apps coming around, if you can buy something with your asset, can you be charged CGT? Like if I swapped a chunk of silver, for a bigger chunk of gold, I wouldn’t have to pay tax, as I’ve just exchanged assets. Is that right?
Bit of a link for music fans. Getting more and more mainstream now.
https://www.coindesk.com/kings-of-leon-to-release-new-album-as-nft-with-tokenized-tickets-for-superfans