Post by
Welchspring on Apr 23, 2021 5:32pm
Bitcoin
After doing some additional analysis on Bitcoin I'm changing my bottom call. For the last couple of weeks I said it would be 38,000. My revision on pricing is now 20,000 - 25,000.
Comment by
oldfx1 on Apr 23, 2021 5:52pm
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Comment by
Goldbug52 on Apr 23, 2021 5:54pm
Well WS, I think you're FOS! I bought some Bitcoin miners as a hedge against gold dropping and have come to the following conclusions: gold is not a hedge against inflation, rather an alternate currency, basically related to the strength or weakness of the $US, while cryptos are actually a hedge against the unbridled money printing of not only the US but of almost every other nation out there!
Comment by
Goldbug52 on Apr 23, 2021 6:42pm
Bitcoin $70K, end of May :-)) !!
Comment by
BucaneerIsland on Apr 23, 2021 7:37pm
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Comment by
Goldbug52 on Apr 23, 2021 7:57pm
Better for you than rum and excellent for constipation! You won't pass out on the toilet again if you add it to your diet :-))!! PS! My wife says you'll probably die a horrible death within a year of getting those gene therapy shots! Good luck and sweet dreams my funny little friend!!
Comment by
BucaneerIsland on Apr 23, 2021 8:51pm
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Comment by
Welchspring on Apr 24, 2021 12:44pm
I think I've hit a few nerves. Bitcoin is on a downward trend and will continue for a while. Too much chatter about taxation, frenzies and the potential of government restrictions coming will increase the pricing pressure. We will see who is right on this call before the end of June.