Banking on Bitcoin

[Rooscooter]

I've been selling into the rally today and parking 1/2 of the proceeds in IBIT with some trailing stops. The plan is to convert 1/2 from my direct ownership to the ETF over the next several trading sessions.

I bought IBIT day one and it's up 22% at the peak today from that point. ETF's are a lot easier to manage in a volatile market than direct investments.

 

[rasband]

I bought IBIT day one and it's up 22% at the peak today from that point. ETF's are a lot easier to manage in a volatile market than direct investments.

Unless you want to enjoy the 24/7 market component of direct ownership. I am surprised to read anyone that can hold their own wouldn't!

 

[Rooscooter]

Unless you want to enjoy the 24/7 market component of direct ownership. I am surprised to read anyone that can hold their own wouldn't!

I'm investing.... not banking of a world collapse or trying to use it for commerce.

I bought last summer anticipating approval of the ETF and am liquidating into the rally. I sill think it has legs to run so investing on the ETF side so I can take advantage of trading processes not available on the other side. Trailing Stop Loss orders in this case. Also put options.

 

[rasband]

I'm investing.... not banking of a world collapse or trying to use it for commerce.

I bought last summer anticipating approval of the ETF and am liquidating into the rally. I sill think it has legs to run so investing on the ETF side so I can take advantage of trading processes not available on the other side. Trailing Stop Loss orders in this case. Also put options.

Options being limited in the states sucks, but we support trailing stops.

 

[Rooscooter]

Nearly $10B in the Bitcoin ETF's now.

 

[srimes]

View attachment 502277

Nearly $10B in the Bitcoin ETF's now.

Bitcoin is the digital gold. It's a hedge against national currency debasement.

 

[Reign Mack]

wonder who buys all this seized btc

https://blockchain.news/news/us-government-to-auction-130-million-in-silk-road-bitcoin

https://www.usmarshals.gov/what-we-do/asset-forfeiture/sale-approximately-404158424932-bitcoin

 

[Reign Mack]

worthless bitcoin with no intrinsic value blows through $55,000

 

[rasband]

worthless bitcoin with no intrinsic value blows through $55,000

 

[srimes]

worthless bitcoin with no intrinsic value blows through $55,000

Nice. Wake me up when it's getting close to 100k.

 

[Reign Mack]

Nice. Wake me up when it's getting close to 100k.

think there will be too much selling pressure at 70k, lot of clowns brought the top in 2021

 

[Reign Mack]

wow Threefold went up 2000% in the early hours of friday morning ! price is going back down but been mining this stuff since 2022, current price is $0.12 I mine 48,000 of these per month.

 

[Reign Mack]

Bitcoin cracked with quantum computers

 

[Reign Mack]

Ethereum spot ETF got approved last night...

 

[Rooscooter]

Ethereum spot ETF got approved last night...
View attachment 529337

Yup... let the games begin.

Bitcoin has hit some resistance around $70K... it will be interesting to see what happens to Ether.

 

[srimes]

Looks like I got out just in time!

 

[mjbcomp]

Nice. Wake me up when it's getting close to 100k.

Wakey Wakey!!! LOL

 

[Reign Mack]

 

[Reign Mack]

Wakey Wakey!!! LOL

Remember when "penny stocks" hit $98,991 each !?

 

[Lucheska]

RLUSD > USDT

Uh oh, BTC...