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.

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damn. this thing is close to 52 week low. 20 cents higher. guess it is time to buy more.

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Did an imitation of David Caruso's career today but I figure as high as the dividends have been I might as well ride with what I already have.

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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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Maybe. The dividends so far have exactly offset the decline in the share price since I got in.

Once I get my money back it's house money but the current dividend is unsustainable.