# Bitcoin #
velocityjohnno wrote:Threatening 90,000 in last hour, it really does need a deep options market at this stage.
A fair bit of sell pressure just below the $90k mark
Some exchanges did push into the USD$90k overnight!!
$US100k is the new target. Approx only 2 million BTC is on exchanges available for retail...the ETF are taking up most of the sales.
"MicroStrategy said it had spent about $US2 billion buying bitcoin between October 31 and November 10"
I can't see any significant retrace.
zoom zoom zoom.
Does this have something to do with what’s happening with bitcoin ? https://www.forbes.com/sites/digital-assets/2024/11/11/the-us-government...
Just a bit self serving.
Can't wait for the monkey NFTs to return
velocityjohnno wrote:Can't wait for the monkey NFTs to return
I think those days are well and truly gone
Yep my bro's NFT blockchain space station game got nuked at the last peak, I never got to rent out shop spaces in the station to gamers for the in-game Ethereum based token currency, while issuing NFTs of space ships and repairs conducted on them. It all came crashing down. Oh well.
US$93,000+
What a ride
My target of 90-95 wasn’t too bad!! Gonna take some serious buying pressure to push it past the magical USD$100k.
I’d probably short it around 98-99.
Craig wrote:I can't get past the energy use now for crypto :/
Wait till AI takes off...
Hit another ATH this morning. If it breaks the $94.5k mark we're off to the mystical $100k!!!
donweather wrote:Roadkill wrote:I wouldn't buy an ETF when you can just buy the crypto direct. I use nexo and I stake my BTC & ETH on NEXO. I have had it staked for years and the returns are massive. returns are paid weekly.
Who owns the private keys to your staked crypto? How massive returns are we talking?
I didn't reply to this earlier as most people don't believe the returns or crypto and tend to like telling how it's a scam etc etc..but as you asked so it is a courtesy to reply. I have tended to downplay what I have made as you just get called a wanker and being full of shit.
NEXO holds my BTC & ETH, yes I can lose it all. I have taken my initial investment and more back and now hold the majority on a ledger wallet, Nexo returns now are less than previously paid.
I bought Axie Infinity and held it on Coinspot and was getting 75% interest from memory...I did that for just under a year and expected the coin to be exposed as a scam and the whole lot to disappear at any time, I was prepared to lose the lot....they now pay about 46% interest.
Nexo is paying me about 12% on what I have on their platform..paid daily. currently I get about US$100 paid weekly in BTC or ETH..in total I have received about US$30k in interest over the last few years.
My initial outlay was less than AUS $5000.
I do think 99% of crypto is a scam..and best to work on the bigger fool theory and not be the one left holding the scam...that is why I got out of Axie.
The whole crypto house could crumble at any time imo. I still struggle to work out why we need it.
donweather wrote:Hit another ATH this morning. If it breaks the $94.5k mark we're off to the mystical $100k!!!
FOMO kicking in for many...retail availability getting smaller and more people hording what they have..it's a pretty hard time to trade the highs and pick a good re-entry point. I think a few have tried and have been burnt of late.
I sold a third of my holdings.
I don’t want to say who but someone close to me has been investing heavily into it. They said they made a 40k gain on election day. FWIW they watch it closely, they think it’s got a bit further to run, but will be converting it all into a home deposit in roughly 12ish months. Minus the tax of course
The Bitcoin graph looks Interesting ! ?