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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: carranza2 who wrote (166696)1/4/2021 7:03:42 AM
From: TobagoJack  Read Replies (1) | Respond to of 217791
 
<<BTC showing weakness>>

It did that, and then caught itself, readying for either another leg down, or next levitation

For folks who like thrills by internet, outstanding instrument of expensive thrills. Back to a few days ago, to rise again. Bitgold is hilarious.

bloomberg.com

Bitcoin Falls Most Since March as Volatility Grips Trading
Joanna Ossinger4 January 2021, 18:04 GMT+8
Bitcoin prices hit an all-time high of $34,000 on Sunday

Bitcoin fizzled in Monday trading as the famously volatile cryptocurrency pulled back after a spectacular rally.

Prices sank as much as 17% in the biggest intraday retreat since March, wiping out gains made over the weekend. After a parabolic 2020, the digital currency had started the new year with a bang, surging as high as $34,000 and hitting all-time highs.

As ever in the world of crypto, it’s hard to pinpoint the proximate cause for the latest bout of volatility. Still, Bitcoin is up more than 300% over the past year, driven by a speculative fever from retail and institutional investors on the belief that cryptocurrencies are emerging as a mainstream asset class and can act as a store of value.



Believers in Bitcoin have pointed to the market’s supply constraints and supposedly rampant money printing by central banks as key drivers of bullish narrative. Others say that cryptocurrencies are a bubble in the making and another sign that crazy risk taking has taken over global markets.

Bitcoin was down 13% to $29,168 as of 10:41 a.m. in London.

— With assistance by Eric Lam



To: carranza2 who wrote (166696)1/4/2021 7:58:08 AM
From: TobagoJack  Respond to of 217791
 
Take a look at DRD, and given its option illiquidity/ wide-bid-ask, sell outs instead of buying calls

finance.yahoo.com




To: carranza2 who wrote (166696)1/4/2021 7:22:49 PM
From: TobagoJack  Read Replies (1) | Respond to of 217791
 
Re <<BTC showing weakness premarket>>

The Coconut wanted to hold still on the GBTC front. Easier for her to say so as she only experiences the suspense second-hand, and had no clue re the overall allocation that was a bit large and got heavy as the position accelerated in pricing to the upside

I unloaded 40% of the position. Maybe, who can know, I can get the 40% back cheaper. In the meantime I can relax about the 60% remaining in the arena, and I shall not touch it ... I shall not touch it ... I shall not touch it

... and as important, I shall not chase it ... I shall not chase it

Shall keep the cash realised as cash, for awhile, sleep on it, wait for signals processing, and in the worst case retire the troops to physical gold.

(1) The position before the withdraw, or as you Americans say, fight in the other direction ...



(2) The engagement