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BTC has reclaimed 100K!

Posted on 5/8/25 at 10:32 am
Posted by The Egg
Houston, TX
Member since Dec 2004
83056 posts
Posted on 5/8/25 at 10:32 am
WIKITIGER A BILLIONAIRE AGAIN
Posted by ynlvr
Rocket City
Member since Feb 2009
5275 posts
Posted on 5/8/25 at 10:40 am to
May is the month of bloom. Keep growing.
Posted by rowbear1922
Houston, TX
Member since Oct 2008
15751 posts
Posted on 5/8/25 at 10:41 am to
I don’t directly own any BTC, but I do have BITO.

Let them dividends keep rolling over
Posted by RadRob
Acadiana
Member since Oct 2021
220 posts
Posted on 5/8/25 at 10:49 am to
BTC^=MSTR^ AND MSTY trying to go back to pre Ex-date levels after the $2.37 dividend. WSB retards type fund but I'm riding!!!
Posted by Fat Bastard
2024 NFL pick'em champion
Member since Mar 2009
87989 posts
Posted on 5/8/25 at 11:24 am to
i do

i have bitcoin, BITO and IBIT
Posted by The Egg
Houston, TX
Member since Dec 2004
83056 posts
Posted on 5/8/25 at 3:59 pm to
feel like it's time to break some ATHs soon
Posted by BottomlandBrew
Member since Aug 2010
29153 posts
Posted on 5/8/25 at 4:19 pm to
ETH is on a tear today. Up 20%.

:inb4shitcoin: yada yada yada. Let me enjoy this one, dammit.
Posted by I Love Bama
Alabama
Member since Nov 2007
38420 posts
Posted on 5/8/25 at 4:31 pm to
Lol enjoy!
Posted by The Egg
Houston, TX
Member since Dec 2004
83056 posts
Posted on 5/8/25 at 4:45 pm to
Enjoy all the gains
Posted by Suntiger
STG or BR or somewhere else
Member since Feb 2007
35450 posts
Posted on 5/8/25 at 5:01 pm to
It is interesting to see how BTC has moved so similarly to the major stock indexes recently.
Posted by SlidellCajun
Slidell la
Member since May 2019
15788 posts
Posted on 5/8/25 at 5:18 pm to
It’s cheap

Posted by SlidellCajun
Slidell la
Member since May 2019
15788 posts
Posted on 5/8/25 at 5:20 pm to
quote:

is interesting to see how BTC has moved so similarly to the major stock indexes recently.


Indeed it is and I posted about it weeks ago because I don’t understand the correlation between a digital currency and a stock.

None of the coin fanboys could explain it
Posted by AlteriorMotive
Getting a little bit yipee
Member since Mar 2025
152 posts
Posted on 5/8/25 at 5:28 pm to
Can’t believe this hasn’t gone to zero and punished all the degens yet
Posted by oneg8rh8r
Port Ludlow, WA
Member since Dec 2003
2926 posts
Posted on 5/8/25 at 5:30 pm to
Back on a roll, I think you will be shocked by BTC price by EOY.

I'd just keep buying BTC, MSTR and FBTC, depending on your level of risk.
Posted by The Egg
Houston, TX
Member since Dec 2004
83056 posts
Posted on 5/8/25 at 9:30 pm to
Posted by SlidellCajun
Slidell la
Member since May 2019
15788 posts
Posted on 5/9/25 at 7:54 am to
quote:

I'd just keep buying BTC, MSTR and FBTC, depending on your level of risk.


I bought more at 85,000 in March. I really don’t know if the market has it valued properly or not. I’d ask you how you go about assessing fair value.
Why is now a good time to buy?
Posted by 03 West CoChamps
Member since Sep 2024
600 posts
Posted on 5/9/25 at 8:06 am to
quote:

Indeed it is and I posted about it weeks ago because I don’t understand the correlation between a digital currency and a stock.

None of the coin fanboys could explain it


It is simply that over the last 2 years, Wall Street is heavily invested in big crypto now. So when the same traders that are trading stocks are trading BTC, sell days and buy days end up being the same a lot of time.


quote:

Why is now a good time to buy?


Based on previous BTC cycles and the introduction of ETFs there is a major supply squeeze. There just isn't the amount of BTC on exchanges as there was 4 years ago. Add to that countries and states buying BTC in huge numbers it is basic supply/demand. Also the retail portion of this halving cycles has not happened yet.

The rest of 25 should be very bullish.
This post was edited on 5/9/25 at 8:09 am
Posted by SlidellCajun
Slidell la
Member since May 2019
15788 posts
Posted on 5/9/25 at 8:12 am to
quote:

Add to that countries and states buying BTC in huge numbers it is basic supply/demand.


Where can I find info to show how much BTC these countries and states are buying?
Posted by 03 West CoChamps
Member since Sep 2024
600 posts
Posted on 5/9/25 at 8:16 am to
Google "BTC strategic reserve news" on Google. There is tons of articles on it.
Posted by SlidellCajun
Slidell la
Member since May 2019
15788 posts
Posted on 5/9/25 at 8:25 am to
Done

The first article that I read was related to varied US states passing bills to hold BTC in reserve . Is this the kind of thing you’re talking about?

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