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InsearchofStarfish
Santa Ana, OC, CA
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Jun 12 2022 11:02PM more by InsearchofStarfish
Tags: Current Events

it's quite possible thins gets to and maybe thru the next key support level at 23600...crazy how fast this all happens.

any thoughts/experience on the grayscale bitcoin fund? GBTC ?

might be a good play inside an IRA or ROTH as this thing goes lower






      
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InsearchofStarfish
Santa Ana, OC, CA
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Jun 12 2022 11:39PM     link to this

TITLE - The World’s Largest Bitcoin Fund Is On Sale. Why It Could Be a Value Trap.


if approved as ETF? we could see a 40percent bump


nice little Barrons article on it

Attached Links
https://www.barrons.com/articles/grayscale-bitcoin-trust-fund-51646693208
InsearchofStarfish
Santa Ana, OC, CA
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Jun 13 2022 08:21AM     link to this

23,102.95-4,984.67 (-17.75%)

1,212.38-312.40 (-20.49%)
As of 03:19PM UTC. Market open.




stone247
CA
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Jun 13 2022 08:45AM     link to this

The bottom may be 20k. Some gloom and doom analysts go as low as 8k.
stone247
CA
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Jun 13 2022 05:02PM     link to this

Ever heard of Jack Meoff?
remo_williams
Irvine, OC, CA
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Jun 13 2022 08:16PM     link to this

Trouble with bitcoins are at some point, you need to sell it to someone else who thinks it's more valuable than you do..... and since nothing backs it, it's worthless to begin with.

Not my words, but the Oracle of Omaha

Also:

https://www.investopedia.com/terms/g/greaterfooltheory.asp

Specifically lists bitcoin.

Hey1
LA, CA
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since Jun 26 2019

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Jun 13 2022 09:31PM     link to this

Trouble with bitcoins are at some point, you need to sell it to someone else who thinks it's more valuable than you do.


Um...if that is the trouble then you could easily extend that comment to the trouble with the market and capitalism in general. And I know they were not your words.
GoBallsDeep
Fullerton, OC, CA
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Jun 13 2022 10:49PM     link to this

^ fucking village idiot.
mbc2000
Orange, OC, CA
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Jun 14 2022 12:19AM     link to this



Isnt it time to run toward value..? F,CAT,IBM,DIS,BAC..? The market is still overvalued.








InsearchofStarfish
Santa Ana, OC, CA
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Jun 19 2022 11:38AM     link to this

there's a chance this gets to 10k or below

the shit is starting to hit the fan...bigger balls to drop on some of these over-levered entities...luna was just the start of it all



InsearchofStarfish
Santa Ana, OC, CA
741 blogs/13135 comments
since Nov 17 2008

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Jun 21 2022 12:13AM     link to this

Celsius Network - CEL
0.612 bn $ 1.49 $ 1-hr15.1% 1-day121.5% 1-week426.2%


textbook short squeeze

coins were driven down to under 20cents

celsius froze all withdrawals on their app...about 87percent of token supply is locked up in that freeze. someone was taking notes

shorts borrowed 18million CEL tokens to sell

A big twitter notice to put on the squeeze...these guys can't get out

they roughly need 4million and only 11m-ish...available are available




InsearchofStarfish
Santa Ana, OC, CA
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since Nov 17 2008

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Jun 21 2022 12:36AM     link to this

one of the guys that called a 20k BTC when it was 65k...thinks this heads back to 25-30k before back down to 12k...maybe under 10k

stone247
CA
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Jun 21 2022 12:45AM     link to this

Nice homework dude!! You could still probably get another 20%-25% gain. Limit Orders is my thing.

On the 15th I scored 378% gain on a limit order on Pancakeswap waiting only 9 days. BNB-MM72 pair. Currently doing two other ones. Let's see if I get some. Fuck this Bear Market. Small Cap Altcoins is the way.
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