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.
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Bitcoin bulls are attempting to push BTC price back toward $58,000 but data shows altcoins may be losing their bullish momentum.
cointelegraph.com
One of the main factors that may have kept several institutional investors at bay is the lack of regulatory clarity but this could be on the verge of changing.
Bitcoin declined 6% in four hours due to a combination of negative on-chain and technical factors.
cointelegraph.com
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
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 ?
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
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)
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