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


To: Roads End who wrote (166754)1/5/2021 1:48:55 PM
From: TobagoJack  Respond to of 218633
 
Yes, that was the video which stirred me into action, and I made a withdraw of 40% Message 33123859 from the action result. The rest shall ride to 500K. Should there be an 70% drawdown from current level, I shall buy back the 40%.

It is nuts, but what a nut!

‘They’ might just get it up to 500k.

What also stirred me was the incessant reports from friend on Koh Samui over the months of 2020 ... i simply was weak












To: Roads End who wrote (166754)1/6/2021 1:23:25 AM
From: TobagoJack  Respond to of 218633
 
<<Bitcoin>>

Now that I am false-premise mostly playing w/ 'house money' that in truth is

bloomberg.com

Bitcoin Tops $35,000 for Fresh Record as Wild Swings Resume

Dave Liedtka
Bitcoin jumped to another all-time high on Wednesday, just two days after registering its biggest one-day decline since March.

The world’s largest cryptocurrency advanced as much as 6% to $35,842, surpassing the previous high of $34,792 set on Jan. 3. It plunged as much as 17% on Monday. The digital coin quadrupled in 2020.

A range of factors have been cited for Bitcoin’s ascent, showing how hard it is to pinpoint the proximate cause for the latest bout of volatility. Some traders pointed to a JPMorgan Chase & Co. long-term price forecast of as much as $146,000, while others cited the overall risk-on mood in global financial markets.



“Clear bull market, and we’re not getting 30% to 40% drops like in 2017,” said Vijay Ayyar, head of business development with crypto exchange Luno in Singapore. “The market is more mature with bigger buyers. Keep in mind though that we’re in a parabolic phase and they do top out.”

More institutions and noted investors, from Paul Tudor Jones to Scott Minerd and Stan Druckenmiller, have either started allocating funds into Bitcoin or have said they’re open to doing so.

“The chase higher is back on based on the notion that bigger main street investors are interested in building longer-term positions,” said Stephen Innes, chief global market strategist with Axi. “This is all about the new age embrace of blockchain technology to which Bitcoin is so uniquely intertwined.”

While some argue that the cryptocurrency offers a hedge against dollar weakness and inflation risk in a world awash with fiscal and monetary stimulus, others say retail investors and trend-following quant funds are pumping up an unsustainable bubble.

“Bitcoin is better at being gold than gold is at being gold,” Anthony Scaramucci, founder and managing partner of SkyBridge Capital, said in an interviewTuesday. The firm is the latest to get on the Bitcoin bandwagon, launching a crypto-centric fund this week.

— With assistance by Matt Turner

(Updates with industry comments throughout.)

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