re: Official CryptoTalk Thread

Not too much of a dip so far. Meanwhile several of my alt’s surged 20%

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BottomlandBrew

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&

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LordSaintly

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Thank you. You are both scholars and gentlemen.

I have CB Wallet as well as Phantom. CB wallet is pretty easy to use if you already use CB. Go to Solana hit buy, pay their 1.99 fee then swap it for the MEME coin you want. You can also buy on CB then send it for free between the two.

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I don’t know who needs to hear this but after the gold ETF was approved, we went straight up for 8 years.

Do with this information what you wish.

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Gold already occupied a huge share of global SOV assets when GLD came along. It had been central to the global economy for 5k years, lol. Btc is just emerging as a SOV asset. It has thus far only monetised to about 1% of its total addressable market cap (as a SOV, it also has medium of exchange and unit of account capability).

TLDR: expect IBIT it to outperform GLD by three or four orders of magnitude

Great Sunday morning buying opportunity.

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Who was the big LINK holder from back when it was under $1. There was someone who had like a hundred thousand. Wonder if they held when LINK ran to $50

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Me. Never sold and hate myself every day

Never had a hundred thousand though

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98e, how are you adjusting your bitcoin - BITO strategy with the run up and how will the run up impact BITO?

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The run up obviously is fantastic because BITO goes up roughly at the same percentage gains of Bitcoin as long as you reinvest the dividends. The dividends should also increase as Bitcoin increases, but volatility is lower so that might not be the case. Lower volatility plus an overall ascending price means I have less opportunities for volatility trades. However, I am happy watching my held BITO, IBIT, FBTC and actual Bitcoin growing nicely in value. Percentage wise I do hold a lot more BITO than IBIT and FBTC. It still out earns the Spot ETFs as long as you reinvest BITO's large dividends

I'm also currently holding one stack of BITX right now probably through mid next year. I'll ride it up and down as I think Bitcoin will be significantly higher over the coming months.

Plus I am still looking for pullbacks to make 5% incremental volatility trades of my BITO stack for BITX and then reverse those trades on the recovery. I'm currently looking for perceived $2K pullbacks in Bitcoin to initiate those trades. My current perceived Bitcoin pullback amount to initiate another volatility trade is $97K or below with a recovery trigger point of $99K. So it looks like I might get the opportunity to initiate one of those trades tomorrow if Bitcoin remains below $97K.

EDIT: I just checked and Bitcoin is over $98K, so maybe I don't initiate a volatility trade. I've been so busy working on my house and boat lately, but once I get more time, I'll probably experiment day trading Bitcoin volatility on $500 pullbacks and recoveries.

I see a few Bitcoin Etfs to choose from. What's the recommendations?

I want to move money out of my poorly performing stocks

Wonder what wallet Saylor uses.

Saylor in with 55k more BTC