Australian (ASX) Stock Market Forum

Bitcoin price discussion and analysis

The US stimulus passing senate made me buy with my ears pinned back. I'm planning that the corrections over with tightish stops. I don't like fighting government intervention.
 
Taking some profit on enj. Not sure how high this sucker is going to run. Got interested after my nft post. Flow was one I missed.

Hard to keep up with all the news.
 
Hey Everyone, for the last few months I've been trying to find an Australian based company that allows you to borrow cash against bitcoin without selling your bitcoin. Winner!!!!! This is for anyone who has been looking around for the same
Hope this can help anyone out there
https://fifit.com.au/
 
Bitcoin is now just shy of $60,000 and Is expected by many that it will push on sharply to test $70,000 very shortly indeed, maybe in hours.
 
According to data from Bybt.com, 194,541 traders were liquidated in the past 24 hours for a total of roughly $1.83 billion, the highest since Feb. 21. The futures market saw cascading liquidations as the market was extremely overheated.
 
Enj went spastic. My parcel of free carry has been launched. I'm all out at the moment. Mainly due to the fact I lost interest. Attention span of a 2yo.
 
I found this some what interesting. Michael Saylor suggesting holding BTC and borrow against it as a means to grow your holdings or to maintain your holdings

 
Well after reading this article from Ray Dalio,
This well could be the case in the future,
After all, ray talks in some influential circles ?
Expect bitcoin to take a dive correction if this tax plays out
 

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Well with Btc losing 10% in a 8hr session,
Looking toppy to me, and sure it will recover,
Tho looking at it movements last week ,
Time to get a umbrella ?
 
Why you shouldn’t sell.
  1. Many are pretty incapable of removing emotions from their financial decisions. The more emotionally attached you are to an investment, the more likely you are to make a mistake with it
  2. Holding your asset costs $0 (generally speaking) and you can short (hedge) when you feel uneasy. Not only is this peace of mind it’s also a non-taxable event (holding)
  3. Borrowing against bitcoin will soon become more user friendly. Money is cheap, bitcoin will thrive for many more years. Once it becomes a less volatile asset more will jump on-board
 
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