re: BITO dividend for month of September

Going to try to harvest my loses before year end

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yes it is so its b uy time. Bitcoin should drop to 90k and then shoot up to 250k so expect more pain before the fruits of your patience

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Read this article today predicting bitcoin is in for a choppy November.

Sherwood

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While November is historically bitcoin’s best month, whether it’ll become “Nopevember” or “Moonvember” hinges on several macro and geopolitical factors, analysts say.

Bitcoin is starting the first week of the month around $108,000, down 14% from its October 6 all-time high. Bitcoin ETFs suffered $798.9 million in outflows last week, bringing inflows for the month to $3.42 billion — lower than September’s $3.53 billion, according to SoSoValue.

Bitcoin might be able to turn things around from the disappointing October, but “we’re in for a choppy November,” Nic Puckrin, cofounder of Coin Bureau, told Sherwood News.

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Other experts echoed the sentiment, noting that November might be a period where “optimism and fragility coexist,” as the asset is becoming very news-dependent.

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Ehsani said that this month, bitcoin is likely to remain in the $107,000 to $113,000 range. While bitcoin retains potential for recovery, the market remains in a state of anticipation, between the fear of missing out on growth and the fear of a new pullback.

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Finally, another pain point for bitcoin would be continued ETF outflows, which “would likely pressure spot toward the $103,000–$100,000 bands,” Timothy Misir, head of research at Blockhead Research Network, said.

“This is a market in digestion: structural bulls remain present, but short-term conviction is low and the price needs fresh, reliable spot demand,” he said.

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I know this is about bitcoin, but the price of BITO usually correlates some with bitcoin. Might want to keep some money on the side to buy this month.

oh hell yeah stick it out

with 50% divididends once it starts climbing back youll make a killing. reinvest them while price is low.

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but the current dividend is unsustainable.

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the dividend for BITO has always stayed high per my recollection.

Like. A. Rock.

Hit a low of $14.75 yesterday and seems to be somewhat mirroring bitcoin’s ups and downs. I think there is still some more sell off before the bottom. But I bought some more around $15 and plan to hold. It’s been a steady payer despite the price fluctuation.

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But I bought some more around $15 and plan to hold

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same.

we should be ok.

Good time to get in.


What’s the deal with this. Totally unaware of the crypto and affiliated markets.


This dividend grows as the ticker grows.

So it’s really just proportionate and just like every other stock, it dips when the stock dips.

Good to get in low but how low will it go is the question.

It tends to follow bitcoin. Bitcoin should be on its way to 250k soon so I expect this to be 25-30 a share by July with its dividends. I’ve added 25% of my shares this week alone. I keep thinking I’ll just buy a little more every day lol.

9.48 is around the all time low for this fund.

LINK

still dropping