BITCOIN Discussion..........

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homie1975

homie1975

Joined
Oct 6, 2022
Messages
1,022
BTC goes as NASDAQ goes.

i don't care who tries to say otherwise.

i have seen enough over the past 15 mos.

they are over 90% correlated and it is the Nazzy wagging the tail, not the other way around.
 

homie1975

homie1975

Joined
Oct 6, 2022
Messages
1,022
just sold all of my BTC and pocked profits.

my cost base was 21,900. i sold at 24,275

will jump back in after the next dip.

i feel like there is some manipulation going on right now.

i still see the strong correlation to NASDAQ and the stock market is going to feel more pain with the FED needing to continue raising rates.
 

rabiddog

rabiddog

Joined
Dec 5, 2021
Messages
60
just sold all of my BTC and pocked profits.

my cost base was 21,900. i sold at 24,275

will jump back in after the next dip.

i feel like there is some manipulation going on right now.

i still see the strong correlation to NASDAQ and the stock market is going to feel more pain with the FED needing to continue raising rates.
FED is done raising rates, they broke the system. I'd be so surprised if they rose it even by .25 next week.
 

jjgold

jjgold

Joined
Oct 15, 2021
Messages
20,461
just sold all of my BTC and pocked profits.

my cost base was 21,900. i sold at 24,275

will jump back in after the next dip.

i feel like there is some manipulation going on right now.

i still see the strong correlation to NASDAQ and the stock market is going to feel more pain with the FED needing to continue raising rates.
Yes THe Market is controlled by the big boys and get the suckers in then dump
 

raiders72001

raiders72001

Joined
Jan 28, 2023
Messages
189
Bitcoin’s (BTC) 2023 momentum as part of attempting to exit last year’s crypto winter has resulted in the digital asset outperforming other investment products, despite a gloomy economic outlook.


In particular, Bitcoin has emerged as the top-performing asset class in Q1 2023, with gains of about 70%, making it the digital currency’s best quarter since Q1 2021, according to Bloomberg data on March 31,

It’s worth noting that during the first quarter of 2021, Bitcoin gained about 103% at the onset of the last bull run. The asset’s latest quarterly returns have placed the digital currency ahead of big names such as the S&P 500 (5.5%), Nasdaq 100 (19%), and iShares Core U.S. Aggregate Bond ETF (2.2%).
 

Tanko

Tanko

Joined
Oct 27, 2021
Messages
32,962
@raiders72001

What happened following the 1Q 2021 bull run? If I remember correctly, it peaked about then around 60k for 1-2 months and then dropped in half again.

I don't remember the drivers for the drop though. Did something big happen?
 

raiders72001

raiders72001

Joined
Jan 28, 2023
Messages
189
@raiders72001

What happened following the 1Q 2021 bull run? If I remember correctly, it peaked about then around 60k for 1-2 months and then dropped in half again.

I don't remember the drivers for the drop though. Did something big happen?
Every 4 years around the halving bitcoin goes on a huge run. Some time after that there will be a dump. In the past, each bull run top was much higher than the previous ATH. $100k minimum this run.
 

Tanko

Tanko

Joined
Oct 27, 2021
Messages
32,962
Every 4 years around the halving bitcoin goes on a huge run. Some time after that there will be a dump. In the past, each bull run top was much higher than the previous ATH. $100k minimum this run.
When is next halving? I want to be prepared.


Thanks BTW. I appreaciate all the knowledge you and Ace are providing.
 
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