# 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
Good luck to them SD but just be aware BTC is very volatile so make sure they take their profits on the way up.
Or at the very least set a god damn stop loss.
The Bitcoin graph looks Interesting ! ?