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Posted on 10/29/2024 3:05:55 AM PDT by zeestephen
Real time stock chart - Breaks through $70,000 - First time since early June 2024
(Excerpt) Read more at cnbc.com ...
Blows my mind that just 10 years ago BTC was ~$600. Before that, it was practically pennies. I had over 100 BTC at one point back in 2011-2012 when it was less than $1. We had a sandwich shop in our office park that took BTC as payment, and I’d spend it like it was a casino chip. I sold my remaining 3 BTC when it hit $1500 thinking, “It’ll never go higher than this.”
Ouch! That will always be a painful memory.
100 BTC = $7.1 million - Pre-Tax
Minus 20% Long Term IRS Capital Gain.
$5.6 million take home pay.
Washington state has a 7% Capital Gain tax now on profits over $250K.
Invest $2.6 million in short term US Treasury Debt.
Invest $1.3 million in SPY (S&P 500).
Invest $1.3 million in QQQ (Nasdaq 100).
Enjoy a secure upper middle class life style for the next 50 years.
Unless you are married with children - which means you will DEFINITELY be going back to work!
Or just leave it in bitcoin and get a CAGR of about 16%.
This is nothing. If Trump wins, it will be $160,000 within a few months.
Agreed. Bitcoin is pricing in a Trump victory.
I just noticed Trump Media (DJT) is up another 16% today.
Currently trading - $55.05
From $12 to $55 in less than six weeks!
You never go broke taking a profit….
The US approval of ETFs in January, fully months ahead of the planned September 2024 ETF discussions saw Blackrock named first. The ranking order of the next ten were also rank order of who invested the most in Ukraine.
Russia had strated using FABs and the defensive lines had been broken for the military to see the Stalemate was over - Russia would continue to advance.
Blackrock has around 260k BTC. BTC will be used to offset the losses in Ukraine. Already companies with BTC have stated approximately 30% of 2024 earnings alone are from BTC.
Look for a huge runup before financial statements must be sent out. The Blackrock’s and JP Morgan’s cannot attract new investment with huge losses. BTC will continue to go up in a semi-managed fashion of around 15-25% more than the inflation of the USD.
Bookmark it.
Whether you think it is a scam or not, you can secure you or your childrens future with 1/10th of a BTC now.
If I didn’t love him, I’d hate how ingenious and just genious he can be :)
But I love him so I’m glad.
But didn’t ya hear? He’s BROKE I tell ya!
Can’t even afford a bagel!
Said dems a year ago.
I think his stock is worth 4 billion or more alone.
Bitcoin is more likely responding to the inflationary actions of the Chinese Central Bank and other world issues. It is a mistake to think of Bitcoin as a US asset; it is international. It would go up if people think there are disruptive or inflationary actions going on in the world.
Trump’s situation might have something to do with it—but it’s not the driving thing. We are at that point in the four year cycle where BTC starts getting a little frothy.
I had gas this morning. First time in years. Buy!
What you say may be a factor. However, watch what happens to Bitcoin price the day after the election is decided (!). If Trump wins, Bitcoin will soar. If Kamala wins, Bitcoin will plummet. If there was an options play on this, I would do it. Long straddle on Bitcoin?
There ARE bitcoin futures. I would not recommend them unless you have a strong stomach. The way bitcoin moves up and down, they are a good way to “get your face ripped off.”
I am not sure if the ETFs have options yet.
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With a long straddle, if you expect the underlying asset to have high volatility, you make money if a large enough price swing happens up OR down. You only lose if the underlying asset price stays relatively constant through expiration date (then both options are worthless).
C’mon Trump. Get out and vote, vote, vote.
The long straddle is an options strategy where the trader purchases a long call and a long put on the same underlying asset with the same expiration date and strike price. The goal is to profit from a strong move in either direction by the underlying asset following a market event.
Anyone here still in $DJT? This thing may hit $100 this week, unless the Puerto Rico thing starts hurting Trump in the polls.
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