Quote from: Greyhats on February 16, 2024, 10:39:19 PM

Quote from: OgNasty on February 16, 2024, 08:29:53 PM

Quote from: Biodom on February 16, 2024, 07:52:51 PM

Some bitcoiners bristle at ETFs...not me.
Bought into a couple a few days ago (in Roth)...not taxable, haha.
A path: from some strange swedish bitcoin ETP (Bitcoin XBT tracker One or something like that) and straight into US-based.
An expensive tx (they REALLY fleece you), but it was up about 10X since 2020, so, no biggie.

I grabbed some too. I went with FBTC for the custody diversification. Also tossed it in a Roth IRA. Bitcoin is cool and holding your own is respectable, but long term Bitcoin gains without having to self custody or pay taxes on gains… That’s just too good to avoid for any reason. I’m up 25% already.

I use a roth as part of my emergency fund sources, I restacked the ratio's when the etf's came out, and have some allocated to ibit.

Its not well publicised but you can withdraw your roth contribtions without any penalty/tax so long as its only the contribution amount and not any profit.

Sounds a bit reckless to be using retirement funds as your "emergency funds."

Quote from: philipma1957 on Today at 12:47:33 AM

Quote from: JimboToronto on Today at 12:26:11 AM

Another day in the books (UTC) and another green candle. That's 11 of the last 12 days.

Gee. Are we in a bull market yet? Roll Eyes

no first we must get into the top 100 see thread link:

https://bitcointalk.org/index.php?topic=138109.msg58617278#msg58617278

number 55375 is in 100th place

so we are close but not there.

The essence of the matter is that we have been in a bull trend since November 2022 - at least that was the bottom, but we might not have had realized it until around March of 2023 when BTC price went from the mid $20ks to the lower $30ks but still failed/refused to break above $32k until October 2023.. so it cannot always be easy to call or to know.. and so bull trend versus bull market can be a bit ambiguous both in terms of if we are in it and when it might have had started.

How far it is going to take us, and when it might end may well be additional questions that are not easy to figure out.. even though right now we should be able to identify quite strong UPpity BTC price pressures, even if there are potentially various sticky resistance points along the way and even if we might experience some decently large corrections at various points.. and so even since October, we have only had around 3 corrections that were more 10%.. and a couple of them just barely with only one correction taking us 21%.. so seems a lot of UPpity.. even though there have been various pauses in the UPpity... but so far not giving too many opportunties to buy back. .which also might end up causing us to be able to go through noman's zone.. though I am still a bit nervous if we were to get into noman's zone now in terms of being able to completely make it through within 2-6 weeks, which surely would end up being fairly rapidly with any of those kinds of scenarios. .. .but not completely out of the question.. and difficult to really place time and price on something like that... even though the UPpity pressure seems to be ongoing.

Quote from: Biodom on Today at 12:53:39 AM

Quote from: JayJuanGee on Today at 12:28:28 AM

Quote from: Biodom on February 16, 2024, 12:47:14 AM

Quote from: strawbs on February 16, 2024, 12:07:11 AM

[edited out

I agree with almost everything, including the vibe, but Microstrategy in SP500? This is not going to happen for at least 10 years, maybe never.
Why? For the same reason as why GLD is not in SP500. Basically, very small earnings (in MSTR case).
MSTR is almost like a no fee leveraged bitcoin ETF.
Do I wish that I bought it in my retirement account?
Sure...but it ain't a SP500 destined entity, imho.

Count on Biodom to be a party poop.

Better than being at the poop party...haha.

That said, we are steadying for the next burst up, imho, with nary a dip.

How can guys, like uie pooie, express so much confidence. and maybe I am not quite at 60/40 in terms of my thought so Up versus down.. maybe 57% $43... .. .. but then if we are still in the don't wake me up zone,^** then why do I even care until if we were to get above $55k, then that would constitute UP... .. so I would not really be counting $53k or $54k as up, even though technically they would be UP, and probably I would not even count $55k as up, either unless the BTC price kept going UPpity and kind of gets caught above that price point.

** by the way, I think that I have to officially move the bottom of don't wake me up zone from $35k and up to $38k. maybe even $40k, even though I am a bit hesitant to come right out and say $40k.. especially since I hate getting overly excited and then being called names (such as an irrational bulltard.. even if it might be true).