Breaking_News: #Bitcoin #BTCUSD now a -88% Strong #DownTrend #Buythedip?
- Details
- Published: 07 December 2022 07 December 2022
- Hits: 61 61
Hey Readers, Bitcoin BTCUSD is now a -88% Strong Sell
downtrend, better, as it is up from a -100% Strong Sell
downtrend, however, still in a bear market down trend!
Bitcoin - USD (^BTCUSD)
So, as I have shown before on my website, if then.
If this indicator "Trend" shifts to Green Buy, then I will
increase my weekly purchase of Bitcoin BTCUSD up from
the tiny amount of Bitcoin BTCUSD of ($5.00) per week,
to $100.00 Bitcoin BTCUSD. I have found that the best
bear market strat·e·gy is to be either out of a market, don't
time the market, rather, wait until a "Shift" in Trend, thus
when this Bitcoin BTCUSD Trend "Shifts", then I go in the
direction of the new Bullish trend!
https://www.barchart.com/crypto/quotes/%5EBTCUSD/overview
https://www.barchart.com/crypto/quotes/%5EBTCUSD/opinion
Not Investment Advice Ever...Opinion Only! Always make sure you
read all of our legal disclaimer etc. Thanks!
#Breaking_News #SamBankman-Fried lobbied for #TaylorSwift deal as #FTX bled cash and execs urged restraint
- Details
- Published: 07 December 2022 07 December 2022
- Hits: 44 44
- While FTX’s financials were suffering from the crypto sell-off earlier this year, Sam Bankman-Fried was trying to land a sponsorship deal with Taylor Swift, sources told CNBC.
- The partnership would have cost the now-bankrupt crypto company more than $100 million over three years.
- Former executives said the deal would have been a disaster for FTX and was an example of Bankman-Fried’s refusal to listen to advice from executives.
Earlier this year, as the crypto meltdown was draining the industry of liquidity, FTX executives were begging company founder Sam Bankman-Fried to preserve cash and stop spending hundreds of millions of dollars on celebrity endorsements.
But the 30-year-old billionaire, who’d relied on branding and hype to rapidly take his crypto exchange from upstart to stalwart, was set on signing up one more big name.
Three people close to FTX and Bankman-Fried told CNBC that the former CEO lobbied aggressively for a partnership with 11-time Grammy Award winner Taylor Swift. The deal, which would have cost the now-bankrupt company more than $100 million over three years, was close to coming to fruition before it fell apart in the spring, said the people, who asked not to be named because of confidentiality agreements.
The former executives, who had direct knowledge of the negotiations, said the partnership would’ve been a disaster for FTX because of the steep price tag. Bankman-Fried’s commitment to getting the Swift deal done despite the deteriorating business environment fit a pattern of ignoring his lieutenants and going it alone, a half-dozen former company insiders and business partners said.
The Financial Times reported earlier that FTX held talks with Swift about a potential sponsorship.
Bankman-Fried’s overconfidence was embedded into an organization that had few checks on its leader and no board of directors to hold him accountable. Meanwhile, Bankman-Fried portrayed a very different persona to the public, showing himself as a quirky young genius comfortable in shorts and a T-shirt or in a suit in front of Congress who repeatedly professed his belief in effective altruism, a philosophy that promotes the idea of earning a lot of money in order to donate it to the most important causes.
Valued at $32 billion earlier this year by private investors, FTX spiraled into bankruptcy last month after skepticism emerged about the health of the crypto exchange’s financials and customers began demanding withdrawals only to be told their money wasn’t available. Even facing potential criminal charges and the possibility of years in prison, Bankman-Fried has continued to shun advisors by speaking publicly, offering press interviews and tweeting his defense.
Read Full Article Here: https://www.cnbc.com/2022/12/07/sam-bankman-fried-lobbied-for-taylor-swift-deal-as-ftx-bled-cash.html
#Breaking_News #SilverBullion #Pumps Above #200Day MovingAverage!
- Details
- Published: 07 December 2022 07 December 2022
- Hits: 57 57
Hey Readers of the Altcoingazette.com, How are you this Great day, best
wishes for all of my readers!
As many of my readers know, I have been backing the truck up and
purchasing large amounts of .999 silver bullion and gold and silver
bulling mining stocks since last August. Just huge profits currently in
.999 silver and gold physical and metals in my Amsec safes, plus
all of my gold\silver mining stocks. I know that I sound like I am
bragging etc. I just have to celebrate somehow, right, why not!
As you know, as a trader and or speculator, doing so has a lot of risks
associated with being such, plus big swings in emotions, like, fear
and greed etc. I have been at this game (Investing \ speculation)
since right after the stock market crash in 1987, when I was an intern at Paine Webber.
I am no different with these trading emotions. My website, the Altcoingazette.com
allows me to share all of my research, I used to give others investment advice, however,
what I now do is do my own research and then give and take my own advice etc.
What I have found in taking my own speculation \ investment advice, is that I earn
a florid fortune for myself, then what I do along the way is share my research and trade
\ speculations!
Checkout this eBook on Amazon's Kindle that you can read for free on Kindle
titled:
I been purchasing all of these gold\silver mining stocks\stonks,
added to my just huge trading profits in these shares,
my focus is on the discount to book value (BV), must be profitable,
pays a dividend etc:
Caledonia Mining Cp (CMCL),
Barrick Gold Corp (GOLD), Kinross Gold Corp (KGC),
Yamana Gold (AUY), Newcrest Mining Ltd ADR (NCMGY),
Harmony Gold Mining ADR (HMY), B2Gold Corp (BTG),
Gold Resource Corp (GORO), Agnico-Eagle Mines Ltd (AEM),
Sibanye Gold Ltd ADR (SBSW), Pan Amer Silver Corp (PAAS),
Rio Tinto Plc ADR (RIO), Anglogold Ashanti Ltd ADR (AU),
Newmont Mining Corp (NEM), Gold Fields Ltd ADR (GFI),
Vale S.A. ADR (VALE), Freeport-Mcmoran Inc (FCX) and
Drdgold Ltd ADR (DRD), Hecla (HL) huge winners! among others.
Here is a Barchart link to the gold\silver mining stocks
that I have been purchasing, since 9/1/2022, bottom
in SI, I always win in the commodity, stock \ stonk
and cryptocurrency markets, what can I say, whew!
https://www.barchart.com/investing-ideas
/top-gold/stocks?viewName=fundamental&order
By=percentChange5d&orderDir=desc
I am not affiliated with Barchart, I am a subscriber
of such Barchart Premier etc. non paid en·dorse·ment,
for Barchart, their research is just Great!
How do I control my fear and greed emotions?, I must
be Up +3,000% to +10,000% in all of my
gold\silver mining stocks alone, wow!
When Newmont Mining stock tanked and melted
down and pulled the -50% dip, down from $85ish
to $37ish, because NEM is the largest cap in the sector,
I knew I would earn a huge fortune in the gold\silver mining
stock\stonk sector in the future, whew!
Also, remember that .999 silver and .999 gold bullion
is used in solar panels, 2 kilos of .999 silver bullion
is used in just about every electric vehicle, which is the
future of transportation and also .999 silver \ gold
bullion is a big part of the cryptocurrency mining process.
Hey if you want to support the Altcoingazette.com, you can always purchase
our .999 silver bullion products that we manufacture, right here in the Good Old
U.S.A., the .999 silver bullion is sourced here from a Good Old
U.S.A. silver mine! What is in your safe? "If you don't hold it, you don't own
it":https://www.ebay.com/str/altcoingazette
P.S. When FTX bankrupt, I opened up my Amsec safes on pondered
all of my .999 silver and gold physical bullion, I always keep 30%
of my net worth in the physical precious metals and was so thankful
for having such, I did the same thing in Q1 of 2020 during the Covid
market meltdown. Same history folks, over and over...Jessie Livermore:
"Human behavior won't ever change", nothing new under the sun etc"!
Not Investment Advice Ever...Opinion Only! Always make sure you
read all of our legal disclaimer etc. Thanks!
#Breaking_News #S&P500 #SPY #ETF off is this a #BearMarket #Rally in the #StockMarket #1930 all over again?
- Details
- Published: 06 December 2022 06 December 2022
- Hits: 59 59
Hey Readers, checkout this 1922-1933 Dow Jones stock market crash chart.
-90% into 1932-1933. So this is the survey question, the S&P 500 and the
Dow Jones has the dip recently, as it always does. 1930 all over again? The
Dow Jones Industrial Average has performed just Great since 1933ish, .999
silver bullion and Bitcoin BTCUSD looks coiled here for the mega pump?
Inverted yield curve suggest nasty future recession in 2023? It not pc to say
economic depression these days, right?
The average stock market dip is approx. -30%, then the rally back to
new higher high prices in stock indexes, the stock market, by it's design
always goes back up, right?
Question: What happens if the DXY hyperinflates and become like the German Mark
from 1920-1923ish?
Hyperinflation in the Weimar Republic on deck for the DXY?
Hyperinflation affected the German Papiermark,
the currency of the Weimar Republic, between
1921 and 1923, primarily in 1923. It caused
considerable internal political instability in the country,
the occupation of the Ruhr by France and Belgium as
well as misery for the general populace.
The System just cranks up the printing press, hyperinflation, just ask
all of the billionaire's in Zimbabwean!, Argentina and Venezuela these days.
The old saying that I like" "If you don't Hold it, you Don't own it"! I always keep
30% of my net worth in .999 silver bullion, in my various Amsec safes.
Over the years, I have been ridiculed for owning so much .999 pure silver
bullion. Some have told me that it is "Ridiculousness" to own .999 pure silver bullion
and that no one has "ever made any money with owning precious metals". Hogwash!
I feel sorry for all those that lost everything with SBF and on FTX. I think that it is to
early to have a perspective on Bitcoin BTCUSD and or SBF and or FTX. Some investors,
speculators went "all in" with SBF and FTX. Investors went "all in" with LTCM, Lehman
Brothers, Bear Stearns and Madoff.
Every stock market crash now every crypto winter crash, shows us, when the tide goes out
who is swimming skinny dipping!
Jessies Livermore quote: Human behavior will never change to quote Ecclesiastes 1:9:
"The thing that hath been, it is that which shall be; and that which is done is that which shall be done: and there is no new thing under the sun."
Bitcoin BTCUSD four times in it's trading history pulls a -85% price dip, only to go on to new all time high prices. Is Bitcoin BTCUSD pulling another -85% price dip again?, $70K -85% = BTCUSD at approx. $10K, and the the next epic pump >Greater than $70K in the future? Time will tell...Bitcoin BTCUSD next halving pending in approx. 533 days!
https://coinmarketcap.com/halving/bitcoin/
My best guess is that Bitcoin BTCUSD pulls it's next -85% dip to $10K, then the epic pump to Greater than $70K in just over 533ish days from 12/6/2022?
In fair disclosure, I own Bitcoin BTCUSD and DCA (Dollar Cost Average) purchase a very small amount ($5.00) of such each week, during the Bear Market cycle.
In the meantime, I have backed my truck up into physical .999 silver bullion. You can always purchase some .999 silver bullion "Altcoins" for yourself here on our Ebay store:
https://www.ebay.com/str/altcoingazette
Not Investment Advice Ever...Opinion Only!