Posted on 05/19/2021 6:34:10 AM PDT by zeestephen
"Price Support" means a downward chart pattern that shows very strong buying at certain historical price points when the stock was previously going down...The rationale is that the buyers at those price points were not speculators, and they will not dump their shares during a panic.
(Excerpt) Read more at cnbc.com ...
This is the institutions driving it down to acquire it. Watch balance sheets over the next few quarterly earnings reports and watch how many have added it to their holdings.
As this tax evasion scheme gets rained in it will have a zero value. Well there may be legit users, I figure there’s probably a majority who are not. I realize people have jumped in to make money off it, and they’re going to lose their money, As the smart ones have likely left.
Elon Musk certainly pumped and dumped Bitcoin hard didn’t he?
I bet there are a lot of Bitcoin bros feeling like idiots now.
It is rumored that the US government cleaned out cryptocurrency accounts related to the Colonial Pipeline attack. Way to go, feds!
It is nearly impossible to beat the IRS long-term, but very easy to vote Republican for lower taxes.
Block chains are not zero value, they are going to become vital as digitization increases. Whether or not Bitcoin lasts is one thing, but the technology behind it is not going away.
In Canada and Europe, bank merchant fees for debit card use are very low.
Huh? What? Did something happen? I was asleep dreaming about my money safely invested in dividend stocks.
Yes, crypto currency can be useful and yes you can make money on it if you time it right but I prefer to sleep without stress.
What goes UP, MUST COME DOWN..........................
Did musk profit from his actions? Did he sell Before collapsed?
Is that how they paid the ransom? Interesting.
People owning a Bitcoin should have bought a Tesla with that Bitcoin while they could have.
Part of the downturn was the comments and situation in China. Chinese regulators have tightened restrictions that ban financial institutions and payment companies from providing services related to cryptocurrencies.
crypto not for me...I’d rather play the slots
“I was asleep dreaming about my money safely invested in dividend stocks.”
Yes, I’m a relatively conservative investor as well. That said, the market has dropped substantially already this am, and has been oscillating while trying to figure out what Biden/Harris and friends are going to do.
Musk claims he has not - and will not - sell his Bitcoins.
Is Musk telling the truth?
I have no idea, but his investment is probably in the RED at $31,000.
If someone is feeling really energetic, they can examine Tesla’s last financial statement and figure out the average price that Musk paid for his Bitcoins.
If true, that means cryptocurrency, none of them, are safe. Time to get out.
They got all the suckers to buy in at 65K
Now they gotta suck out the profits
—> As this tax evasion scheme gets rained in it will have a zero value.
It is not.
Gains and losses are required to be reported.
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