Bitcoin price discussion and analysis

IvoryWolf said:

Should also apply to those outside of that age bracket too @Garpal Gumnut

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Possibly @IvoryWolf , possibly.

One has to be fleet of foot and thought to really benefit from Crypto. I agree though that BTC has become more stable since being endorsed by Donald Trump and major US banks.

I'll still stick with an ETF and let someone else do the footwork. I reckon I'm good, or better than most of my vintage, on passwords and internet security but I wouldn't feel comfortable holding Bitcoin directly.

gg

Garpal Gumnut said:

Possibly @IvoryWolf , possibly.

One has to be fleet of foot and thought to really benefit from Crypto. I agree though that BTC has become more stable since being endorsed by Donald Trump and major US banks.

I'll still stick with an ETF and let someone else do the footwork. I reckon I'm good, or better than most of my vintage, on passwords and internet security but I wouldn't feel comfortable holding Bitcoin directly.

gg

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Purely a technical play @Garpal Gumnut - favouring Ethereum at this stage personally. The four hourly chart is an interesting one, in particular - support and resistance / parallel lines / channels. Of course, a push from BTC wouldn't hurt.

IvoryWolf said:

Purely a technical play @Garpal Gumnut - favouring Ethereum at this stage personally. The four hourly chart is an interesting one, in particular - support and resistance / parallel lines / channels. Of course, a push from BTC wouldn't hurt.

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Thanks @IvoryWolf

I got the wind up about Bessant going to Switzerland to meet the Chinese this weekend and had to go through my stocks which are heavily defensive risk on atm. to see if "good" news might affect any. As I've said I hold BTC via the etf VBTC.

I was unsure whether BTC was a risk on or a risk off play and was surprised to see that it had performed well in all environments, if it did fall say with a situation where the market sold off greatly it often didn't change or if it fell, it recovered within a day or two. Equally if the market took off it followed it's own merry way. ( the source was a Blackrock pdf on risk on/off and crypto I found on a duckduck search )

I'm starting to believe there is a place for crypto in everyone's portfolio. Years ago I felt ETH would be more useful as it has more integrated tools attached to it but it seems out of favour with the main stream investor for some reason. I've never held it.

gg

Bitcoin price today: hits record high over $121k ahead of ’crypto week’​

Updates price levels, adds context

Investing.com-- Bitcoin hit a record high of over $121,000 in Asian trading on Monday, buoyed by optimism over growing institutional adoption and ahead of a highly anticipated "Crypto Week" in Washington, starting later in the day.

The world’s largest cryptocurrency last traded up 2.7% at $120,778.8 as of 23:48 ET (03:48 GMT). It briefly hit a record high of $121,156.4.

Bitcoin’s latest gains came after Japanese hotelier turned Bitcoin treasurer Metaplanet said it acquired an additional 797 Bitcoin to bring its total holdings to 16,352 coins. The firm is the fifth-largest corporate holder of Bitcoin.

Bitcoin was on a tear over the past week, fueled by strong ETF inflows and increasing hopes for more crypto-friendly regulation in the United States.

Investor sentiment has been propelled by expectations that the U.S. House of Representatives will debate several landmark crypto bills during "Crypto Week," including the Genius Act, Clarity Act, and the Anti‑CBDC Surveillance State Act.

If passed, these measures could establish comprehensive regulatory frameworks governing stablecoins, crypto asset custody, and the broader digital financial ecosystem.

Boosting the bullish mood, institutional demand remains robust. U.S. spot bitcoin ETFs have enjoyed record-breaking inflows, and prominent asset managers such as BlackRock (NYSE:BLK) and Fidelity continue to expand their crypto holdings.

Crypto-related equities echoed Bitcoin’s ascent, with U.S.-listed miners and ETF-linked stocks like Riot Platforms (NASDAQ:RIOT), Mara Holdings, and Strategy (NASDAQ:MSTR) showing notable gains last week.

The surge was also attributed to a major Chinese regulator holding a strategic session last week to brief local officials on stablecoin and digital currency policy.

The Thursday meeting, organized by Shanghai’s state asset regulator, signaled a potential shift in China’s policy, where crypto trading is banned.

"Bitcoin still stands alone in it being entirely net new, and it has properties that none of these stablecoins have, which make it a better form of currency than the rest of them. It's certainly proven the case over 16 years as a store value. But our intention is to make sure that Bitcoin becomes the native currency of the Internet and that's used as everyday money. And we think it can get there very quickly."
- Jack Dorsey, CEO, Block Inc

I came across this article in the NYT which allows me to share it with those of a right wing persuasion or lefties who are too tight to subscribe to their favourite fake news. I subscribe because I play Wordle in a group of ne'er do wells who pepper the comments with forbidden thoughts such as men are not women and Biden was gaga, and laugh at the lefties replies. I get it for next to nothing because I am a Wordler.

Anyways this is not a bad article summarising Bitcoin.


gg

Bitcoin pull back what in it for you?

Bailxtrader said:

Another 10% Drop for Bitcoin – So What?

History Repeats – And Rewards the Patient

tiwariresearchgroup.com

Bitcoin pull back what in it for you?

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Another buy opportunity....
Imho, ntil the craze mania ends: be it stock RE or crypto, these are BTD events.
But get out as soon as any if the three fails
I believe we could still be ok this calendar year
The US will start slowing/falling, asx will carry on a bit further because ...well whatever and then the crash across all assets..probably inc gold as well