Tether looks like a scam based on this Article

[Yodean]

Baby pendulum starting to swing . . .

[Yodean]

[Yodean]

Potentially useful data for swing-traders.

Gold bullion, S&P 500: 1%/3%

Gold stocks: 2%/7%

Bitcoin: 4%/14%

Ethereum: 6%/19%

Tesla, MicroStrategy: 5%/16%

Hive Blockchain Tech. 8%/33%

[Triplethought]

Potentially useful data for swing-traders.

Gold bullion, S&P 500: 1%/3%

Gold stocks: 2%/7%

Bitcoin: 4%/14%

Ethereum: 6%/19%

Tesla, MicroStrategy: 5%/16%

Hive Blockchain Tech. 8%/33%

I've successfully swing traded GBTC and OBTC over the last year and am sitting on several lots right now. But I've resolved to sell it all once they are solidly in the green again and probably not play with them again after that. My concern is governments cracking down on bitcoin. I'd prefer not to be the one holding a bunch of bitcoin when they are outlawed or heavily taxed, which I view as inevitable.

[Triplethought]

Potentially useful data for swing-traders.

Gold bullion, S&P 500: 1%/3%

Gold stocks: 2%/7%

Bitcoin: 4%/14%

Ethereum: 6%/19%

Tesla, MicroStrategy: 5%/16%

Hive Blockchain Tech. 8%/33%

I've successfully swing traded GBTC and OBTC over the last year and am sitting on several lots right now. But I've resolved to sell it all once they are solidly in the green again and probably not play with them again after that. My concern is governments cracking down on bitcoin. I'd prefer not to be the one holding a bunch of bitcoin when they are outlawed or heavily taxed, which I view as inevitable.

[Yodean]

I'd prefer not to be the one holding a bunch of bitcoin when they are outlawed or heavily taxed, which I view as inevitable.

@YoungAnakin:

Yeh, it'll be a big tax grab and a lot of political theatre about how criminals are using BTC for evil deeds, etc. yadi yadi yadi yada. Never mind that the USD alone has likely accounted for more deaths, "criminal" activity, etc. than any other currency in perhaps all of recorded history.

Not too worried about global outlawing of BTC at this point. When politicians see a big pot of money, they either try to steal it outright (it's hard to do with BTC, despite rumours of its source code being antiquated), or they tax the friggin' sh*t out of it. My base case is for the latter to happen, which will contribute to BTC's breathtaking volatility.

You seem to respect Level 3 facts, thinking - BTC in its short twelve-year history is the best performing asset class of all-time. Compare it to a young Lebron. Yeh, he'll make mistakes and be annoying, but the potential for gains . . .

Oh yeah, PLEASE tell me when you sell your BTC proxies. PLEASE.

[bpcw]

Where do you guy's see us now with crypto's, Sol has reccomended selling Bitcoin from 47k where resistance starts? Could we be near the end of the dead cat bounce?

[Triplethought]

I'd prefer not to be the one holding a bunch of bitcoin when they are outlawed or heavily taxed, which I view as inevitable.

Oh yeah, PLEASE tell me when you sell your BTC proxies. PLEASE.

ok but I warn you using me as a contrarian indicator might be bad for your wallet. I'm impatient..... but patient enough to wait for a run up

[Yodean]

ok but I warn you using me as a contrarian indicator might be bad for your wallet. I'm impatient..... but patient enough to wait for a run up

Well, you've got T.I.'s GBTC exit points, so you might not work anymore as a contrarian indicator.

You like science, right - it's that whole once you observe a certain phenomenon, the phenomenon changes. So we'll see.

I've got a pretty detailed gameplan with my crypto. holdings, no matter what happens, so I was just kidding around.

Btw, your hashtag/signature is gonna get you in trouble when it comes to investing.

[Yodean]

Where do you guy's see us now with crypto's, Sol has reccomended selling Bitcoin from 47k where resistance starts? Could we be near the end of the dead cat bounce?

I don't think this is necessarily a dead cat bounce - too early to tell.

My gameplan for cryptos hasn't changed that much from before:

viewtopic.php?f=14&t=201

I've also started incorporating my own BTC indicator (highly experimental) into the lens through which I view BTC. Currrently it's reading 35%buy/65%sell. Generally it's more accurate for entry points rather than exits, sadly - haven't worked out all the kinks. Also, it seems to attain increasing predictive accuracy at the extremes, i.e. <10% to 20% on either side of the ledger.

But, prolly best to stick with T.I.'s exit points. I've been called nuts when it comes to investing by more than a few - but I've also been a lot more profitable than those who have called me crazy, so there's that.

[Budge]

Where do you guy's see us now with crypto's, Sol has reccomended selling Bitcoin from 47k where resistance starts? Could we be near the end of the dead cat bounce?

I don't think this is necessarily a dead cat bounce - too early to tell.

My gameplan for cryptos hasn't changed that much from before:

viewtopic.php?f=14&t=201

I've also started incorporating my own BTC indicator (highly experimental) into the lens through which I view BTC. Currrently it's reading 35%buy/65%sell. Generally it's more accurate for entry points rather than exits, sadly - haven't worked out all the kinks. Also, it seems to attain increasing predictive accuracy at the extremes, i.e. <10% to 20% on either side of the ledger.

But, prolly best to stick with T.I.'s exit points. I've been called nuts when it comes to investing by more than a few - but I've also been a lot more profitable than those who have called me crazy, so there's that.

Wasn't there a song about cryptos by Tiny Tim, "Crypto through the Tulips"?

Article for you:

https://www.etf.com/sections/features-a ... newsletter

[Yodean]

https://www.etf.com/sections/features-a ... newsletter

Thanks for the link, Budge. Yeh, could be a Tulip mania, likely is, but one thing nobody seems to mention is that quite a few made a lot of money during the Tulip mania. Most lost. But that's true of investing in general - 8/9 lose, 1/9 win. Nothing will ever change that, I would think.

As you know from your four+ decades of experience investing and trading, the key is to know when to get out, and try not to get too greedy.

Cryptos have been pretty good to me, to date . . . despite good entry points (it's not that hard when BTC has been the best performing asset overall for the past twelve years), and very questionable exit points, I was fortunate enough to realize seven-digit USD net gains in crypto. assets between 2017 and 2020. This year alone, I am already sitting on deep six-digit USD net gains in cryptos (GBTC, ETHE, COIN, HVBT), so in a sense, I am playing with "house" money.

It's all a casino, really . . . the Fed and other central banks around the world have made a complete mockery of what money really is. Can't beat them, so I'll join them a bit.

Will try to get out before this house of cards collapses. T.I. has been quite excellent at giving me clues of when that might be.

[bpcw]

Thanks for comments, appreciated!

I have hardly anything invested so not a biggy, more for interest.

7 figures eh, don't have that sort of money but it's all relative, as long as I have enough to keep me in cups of tea I'll be happy!

[Yodean]

... it's all relative, as long as I have enough to keep me in cups of tea I'll be happy!

It's all just numbers on a screen, as you know . . . the true mystery and fun will begin when this illusory body-mind world extinguishes and the next leg up of the journey continues.

[Triplethought]

Btw, your hashtag/signature is gonna get you in trouble when it comes to investing.

I modified the signature this morning after seeing SOL's response that stock graphing is an art rather than a science. I find that premise hard to accept.