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BTC is above 29k today 20/10/2023
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MrBear12
Supreme |
28-Apr-2024 08:36
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Commentators like the one below will disagree. https://finance.yahoo.com/news/bitcoin-just-halved-mining-reward-084000936.html I am not fooled Let's not be | ||||
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MrBear12
Supreme |
28-Apr-2024 08:28
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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No, bitcoin is likely to pull back
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ysh2006
Supreme |
28-Apr-2024 05:54
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Will Bitcoin go higher this round ? | ||||
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piscesmonkey
Supreme |
27-Apr-2024 22:10
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Next month FY result out. If good will chiong up liao dont worry
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Battle123
Elite |
27-Apr-2024 20:29
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juz hope can wake up soon i still holding 3x+ zzzz dyodd
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PoorEric
Veteran |
25-Apr-2024 10:16
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any more alighting from the boat? hahaha | ||||
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Damnshiok
Master |
25-Apr-2024 09:51
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Disillusion..... | ||||
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TraderBen
Supreme |
25-Apr-2024 08:24
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China' s Capital Flight Could Fuel Bitcoin&rsquo s Next RallyBy ZeroHedge - Apr 24, 2024, 12:00 PM CDT
Last October, when we pointed out that China' s FX outflows had just hit a whopping $75BN - the single biggest monthly outflow since the 2015 currency devaluation - we concluded that the " unfavorable interest rate spread between China and the US will " likely imply persistent depreciation and outflow pressures in coming months" , or in other words, September' s biggest FX outflow in years is just the beginning, and very soon - in addition to geopolitics and central banks - the world will also be freaking out about the capital flight out of China... not to mention where all those billions in Chinese savings are going and which digital currency the Chinese are using to launder said outflows." We wrote that on October 20 when Bitcoin was trading just under $30,000, a level it had been for much of 2023. And, just as we correctly predicted at the time... 
... following this surge in Chinese FX outflows, bitcoin - traditionally China' s preferred means to circumvent Beijing' s great capital firewall since gold is, how should one put it, a bit more obvious when crossing borders - promptly exploded more than 100% higher in the next 4 months. 352.5K
Soaring Russian Oil Imports Drag OPEC&rsquo s Market Share in India to a Record Low
And while conventional wisdom is that this surge in the price of the digital currency was largely due to the January launch of Bitcoin ETFs, what many missed was a Reuters story in January which confirmed our thesis from back in 2015, according to which much more than ETFs, and much more than rapidly shifting sentiment or frankly any day-to-day newsflow, it is China' s massive wall of inert capital that has been the biggest driver of bitcoin moves, and never more so than during periods of FX and capital outflows which usually precede some form of capital controls. 
We bring all this up because six months after our first correct prediction that China' s spike in FX outflows would send bitcoin surging, it' s time to do it again. One wouldn' t know if, however, if one merely looked at the official Chinese FX reserve data published by the PBOC, here nothing sticks out. In fact, at $3.246 trillion, reported Chinese reserves are now near the highest level in past four years, and monthly flows are very much stable as shown in the chart below. The problem, of course, is that as we have explained previously China' s officially reported reserves are woefully (and perhaps purposefully) inaccurate of the bigger picture. Instead if one uses our preferred gauge of FX flows, one which looks at i) onshore outright spot transactions ii) freshly entered and canceled forward transactions, and iii) the SAFE dataset on &ldquo cross-border RMB flows, we find that China' s net outflows were $39bn in March, up from $11bn in February and the fastest pace of outflows since the September spike in FX outflows which we duly noted half a year ago.
How did we get this number? The portfolio investment channel showed net outflows in March. The Stock Connect channel showed net outflows of US$8bn vs. US$5bn inflows in February, and inflows to the bond market slowed in March (US$6bn, vs. US$11bn in February)...
... primarily on record net selling of central government bonds.
Finally, the current account channel showed also net outflows in March, mainly as services trade related outflows picked up. At the time when FX outflows were re-acclererating, the broad USD strengthened further in March, and USD/CNY spot drifted higher, as one would expect when there is capital flight... Oh, and Bitcoin hit a record high above $70K. And while Chinese policymakers are still keen on maintaining FX stability - the countercyclical factors in the daily CNY fixing remained deeply negative and front-end CNH liquidity tightened notably in recent weeks - the reality is that with China desperate to boost its exports at a time when its great mercantilist competitor, Japan, has hammered the yen to the lowest level in 3 decades, it is only a matter of time before the currency devaluation advocates win, as they did in 2015. We hope that we don' t have to remind readers that the first big trigger for bitcoin' s unprecedented eruption higher starting in 2015 was - you guessed it - China' s August 2015 FX devaluation.
So don' t be surprised if in the next 6 months Bitcoin doubles again, and the move has nothing to do with ETF inflows, the halving, or frankly anything else taking place in the US... and instead is entirely driven by China' s massive wall of money which at last check was almost 3x bigger than the US.
By Zerohedge.com More Top Reads From Oilprice.com: Download The Free Oilprice App TodayBack to homepage AROUND THE WEB  Doctors in Singapore: Simple Trick to Remove a Hanging Belly Fast!NexaSlim
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The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice. Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction. Merchant of Record: A Media Solutions trading as Oilprice.com |
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TraderBen
Supreme |
25-Apr-2024 08:21
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i feel at this price is consider quite low already since the lowest recorded was 25.. not much down side unless the company suddenly report huges losses.. but well money is not ours so we cant say much. its your own choice sell or buy..
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Caesar
Master |
24-Apr-2024 22:55
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Only 100 shares done at 29. But true, why sell without profit when he can actually hold. 28 is not too high a price. Maybe he was afraid price will drop further ...
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Battle123
Elite |
24-Apr-2024 22:27
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Why sell, today closed 29
Wait awhile can go over 30 soon
Dyodd
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piscesmonkey
Supreme |
24-Apr-2024 17:29
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Cos they bought many bitcoin mining machines?
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Stocky901
Supreme |
24-Apr-2024 17:25
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Very funny still got peoples think that smi is related to BTC.. 😲 😲 | ||||
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Starwar88
Supreme |
24-Apr-2024 10:27
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No reason for it to run later. As long BTC don?t go over $70k, think will ding dong between 27 to 29. Can be stuck at 28 for a while.
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PoorEric
Veteran |
24-Apr-2024 10:24
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Might be going later hahaha | ||||
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piscesmonkey
Supreme |
24-Apr-2024 10:08
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I already sell off 1m shares at 28 bougbt at 28 last 2day when market closing
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TraderBen
Supreme |
24-Apr-2024 09:51
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BBs in this counter die die wanna hold it down.. when no BBs here.. sometimes i find it hard to sell 100,000 shares.. | ||||
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piscesmonkey
Supreme |
22-Apr-2024 14:10
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Bitcoin miners to benefit from fee spikehttps://www.investing.com/news/cryptocurrency-news/bitcoin-price-today-steady-at-65k-as-runes-launch-causes-spike-in-fees-3387807 |
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piscesmonkey
Supreme |
22-Apr-2024 14:01
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piscesmonkey
Supreme |
22-Apr-2024 11:58
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Btc 66k liao | ||||
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