Quote: MDawgNow that BTC has jumped past 60K, I'd like to bury the hatchet officially with PokerGrinder. Not that I ever had anything against him anyway.
He and I are so pleased that BTC is on the verge of surpassing its ATH, that petty forum matters, matter not!
The MDawg theory of stocks is that once a stock surpasses its ATH, the sky's the limit! The same applies to any commodity.
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What has changed that would make it up 135% in the last 6 months?
Edit. It was SOOPOO asking the question with formatting issue….
Anyway, I could comment on the WHYs, but let's let someone else comment.
My policy for BTC for over a decade now has been to just accept it whenever anyone wants to pay me in it, and then just hodl it. I don't even think about it beyond that, other than knowing that it will go up over time. And it has, massively.
I've accepted BTC when it was worth about nothing and when it was worth as much as 20K or so. If someone offered it to me today as payment @ 61K I would accept it too. Bring it! I have never sold any, just accumulated.
I have sold (converted to fiat) some stable coins but then those when a client pays me in them, don't even go up so the only benefit there in hodling has been interest earned. And even then I've sold pretty much only the interest earned portion of the stable coins. The online wallet started issuing 1099s to me on interest earned in crypto a couple years ago (I don't know why they did it for 2022, the mandate was for 2023 onwards) so at this point the cat is out of the bag and I will owe massive tax when I sell BTC @ 100K.
Quote: Ace2You may be fine waiting 15 years to break even. I'm not
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I thought it was going to take 15 years for this market to come back?
Quote: MDawgAnd meantime, the stock market is doing just fine and I expect that predictions of long term doom and gloom will be proven wrong.
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Quote: MDawgBTC pushing 55K!
Inevitable at this point that it will surpass its ATH (like everything else MDawg holds).
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As advertised!
Quote: MDawgQuote: MDawgBTC pushing 55K!
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69413USD
+2472
+3.69%
Quote: MDawgSolid at 72K, but I'm interested only in 100K, which is where I plan to unload some.
Just curious, why sell at $100k? How did you choose that number? Why not $95k, $99k, $101k, or $105k?
I guess I like it fine, so far.
I am sure at least some would have wanted to jump on that short.
Been getting back into more frequent trading lately. No time for Vegas lately, but for another ilk of +EV action, certainly!