At least you're able to leave emotions out of your trading and investing.
To Everyone saying Bitcoin will go to 10k or 5k....
- Thread starter Tokenz
- Start date
Today I received some more dividends in my tax-free account. I love the middle of the month, because 99% of Canadian REITs pay out monthly distributions, and 90% of that subset choses to pay-out in the middle of the months, instead of the ends.
So again, we loaded up on Office REITs. They've been beat down by covid scares, and now are beat-down again due to recession/depression fears (which are warranted of course).
Got to take advantage of the equity fire-sales while they are available. And the rest of my dividends for today were spent on more crypto ETFs again. BTC and ETH. Some were just spot ETFs, others were spot ETFs with a derivatives wrapper in order to pay more dividends... so I can buy more shit.
My only upsetness was the big rally already under-way in the blue-chips. We may never see triple-digit ETH levels again.
On the flip-side, it's possible everyone is leveraging up again, and after the merge, a lot of people who were planning to buy the rumor & sell the news may cause another round of margin calling, especially since Bank of Canada, etc, are admitting they are going to be forced to continue rapid interest hikes in the months ahead.
Prepare for more volatility to come folks!
So again, we loaded up on Office REITs. They've been beat down by covid scares, and now are beat-down again due to recession/depression fears (which are warranted of course).
Got to take advantage of the equity fire-sales while they are available. And the rest of my dividends for today were spent on more crypto ETFs again. BTC and ETH. Some were just spot ETFs, others were spot ETFs with a derivatives wrapper in order to pay more dividends... so I can buy more shit.
My only upsetness was the big rally already under-way in the blue-chips. We may never see triple-digit ETH levels again.
On the flip-side, it's possible everyone is leveraging up again, and after the merge, a lot of people who were planning to buy the rumor & sell the news may cause another round of margin calling, especially since Bank of Canada, etc, are admitting they are going to be forced to continue rapid interest hikes in the months ahead.
Prepare for more volatility to come folks!
12.6-15.3 ish k isn't an unreasonable target, Think most likely scenario for bitcoin and the markets in general is they go just high enough to force shorts out and to attract new buyers before dumping into them again.
Just trading it day by day though, as a trader I find is the best approach for me personally. None the less that's the way I see it setting up with the current information I have.
Just trading it day by day though, as a trader I find is the best approach for me personally. None the less that's the way I see it setting up with the current information I have.
You're right this is a bear market. The ending of a bear market....
There you go again with that USDT crap!
Everytime I see your name posting I always know what's about to be said.
Popcorn time
I agree, pass some this way, I'm enjoying watching Bitcoin
Thats right, I never had any to begin with...
Today I received some more dividends in my tax-free account. I love the middle of the month, because 99% of Canadian REITs pay out monthly distributions, and 90% of that subset choses to pay-out in the middle of the months, instead of the ends.
So again, we loaded up on Office REITs. They've been beat down by covid scares, and now are beat-down again due to recession/depression fears (which are warranted of course).
Got to take advantage of the equity fire-sales while they are available. And the rest of my dividends for today were spent on more crypto ETFs again. BTC and ETH. Some were just spot ETFs, others were spot ETFs with a derivatives wrapper in order to pay more dividends... so I can buy more shit.
My only upsetness was the big rally already under-way in the blue-chips. We may never see triple-digit ETH levels again.
On the flip-side, it's possible everyone is leveraging up again, and after the merge, a lot of people who were planning to buy the rumor & sell the news may cause another round of margin calling, especially since Bank of Canada, etc, are admitting they are going to be forced to continue rapid interest hikes in the months ahead.
Prepare for more volatility to come folks!
I hope so, because then it would give me a chance to spend 100% of my money on Bitcoin instead of 80.
That's exactly right, everyone has a right to an opinion no matter how wrong it may be...
If you look at the complete history of Bitcoin, you will see that Bitcoin has never dropped below it's previous ATHs, except for this last time, but only for a few days before bouncing back up.
Don't ever bet against Bitcoin or you will fail.
Soon there will be a new thread
To Everyone saying Bitcoin will go to 100k or 1000k....
Anyway, traders don't bother whether it goes up or down.
We just trade accordingly.
But investors from www.eliteinvestor.com
will have sleepless nights if it goes down like Luna,
Voyager, Celsius, 3AC, mother-of-all Tulipmania .....
To Everyone saying Bitcoin will go to 100k or 1000k....
Anyway, traders don't bother whether it goes up or down.
We just trade accordingly.
But investors from www.eliteinvestor.com
will have sleepless nights if it goes down like Luna,
Voyager, Celsius, 3AC, mother-of-all Tulipmania .....
Last edited:
I am not betting against it. I've been posting that it's time to ease up on the bearish bias and look long the markets. Currently BTC is correlated with NQ/ES quite a bit, so I expect BTC to go up as well, which obviously it is. I am just never going to get overly excited to one side with blinders on.
The thing is just like people we're overly bearish on markets / btc here, as we move up people will get overly bullish and some of them will get punished as well.
That should only be a concern if they leveraged.
That said, I checked one of my RRSP accounts, got a bunch more dividends sitting there and a few more payouts coming in this month. I just set up my limit-buy orders now and we'll see what happens tomorrow.
I just wish my employer gave us more control on what we could assign our Deferred Profit Sharing Plans to, etc. Oh well, can't have it all I guess. At least I can choose growth-equities and some other bundles.