Bitcoin has topped.

[Master Pu]

"Every bubble peak has its dumb investments, in our age, it is SPACs, Meme stocks, NFTs and most Alt Coins, oh yeh and Chinese junk bonds." - N.W.

 

[tsznecki]

Daytrading btc related stock like RIOT MARA COIN etc I can see, but I am not buying bitcoin here. I don't trade what I don't understand. Good luck with it. Seriously, some intangible invisible electronic made up "currency" backed by...?

Ken, we all know you day trade but to dismiss the best performing asset class since 2009 because its "intangible" reeks of cognitive dissonance.

Consider this: Would you need to daytrade or run a trading chatroom if you had even 10 BTC from $100?

 

[tsznecki]

See, I know you don't trade, you must be one of those I NEVER LOSE types, LMAO!

Look what happened to BTC today, punk!

Hey Master Poo, why don't you post your PNL then?

Sure you made a killing on the short call right?

And while you are at it why don't you post your PNL from the shitty TSLA and Nasdaq shorts as well? Since you don't lose too right? LOL.

 

[Master Pu]

Hey Master Poo, why don't you post your PNL then?

Sure you made a killing on the short call right?

And while you are at it why don't you post your PNL from the shitty TSLA and Nasdaq shorts as well? Since you don't lose too right? LOL.

BTC -10% today so far, loser

 

[Pekelo]

Cryptos are not hedge, they follow the market, as a good high beta stock would. Market took a dump, so did BTC.

 

[maxinger]

BTC -10% today so far, loser

 

[johnarb]

Cryptos are not hedge, they follow the market, as a good high beta stock would. Market took a dump, so did BTC.

Bitcoin goes down due to risk off and a drain of liquidity. Once everything stabilizes from this Evergrande mess, bitcoin and cryptos will shoot back up

ET people who have no exposure to cryptos should buy in. NFA

Remember last year March, 2020? Bitcoin price might double within a month

 

[destriero]

Present company (and johnarb) this thread

Cryptos are not hedge, they follow the market, as a good high beta stock would. Market took a dump, so did BTC.

Cryptos will get decimated with equity mkts, but at 4X the vol.

 

[Baron]

If this ends up in forced liquidations like back in April - May, I can't wait to scoop some more up.

 

[Pekelo]

Bitcoin goes down due to risk off and a drain of liquidity.

Bitcoin goes up and down like the market. Like 90% correlation. Absolutely not a hedge nor a diversification.