Bitcoins sell-off - Investing -stocks, bonds, mutual funds, trading, market, brokers... - Page 35 - City-Data Forum

Lowexpectations · 02-26-2021, 10:15 AM

Quote:

Originally Posted by hilgi

You cant use all you cash to grow, so a portion (like the 1% in Tecla's cash) is part of their long term treasury strategy.

It’s a speculative move and one you think is fine, I don’t.

hilgi · 02-26-2021, 10:18 AM

Quote:

Originally Posted by LordSquidworth

“Tesla's move into bitcoin represents an investment of a significant percentage of its cash in the investment.”

Not sure how you get 1%. More like 8%. They don’t need to hold Bitcoin to accept it.

Yes, correct, 8% of cash. Still a small percentage of the company.

lancers · 02-27-2021, 05:04 AM

Quote:

Originally Posted by flamadiddle

Are we allowed to buy the new Canadian Bitcoin ETF's? I don't see them listed on Fidelity. > https://finance.yahoo.com/news/world...213407975.html

I imagine you could do it phone assisted. Haven't had the need to call since I opened the account a month or so ago. Why the interest in that as opposed to GBTC?

bmw335xi · 02-27-2021, 03:51 PM

Bitcoin is 46k right now. If we see it go to 35k that is where I’ll enter again.

hilgi · 02-27-2021, 04:50 PM

Quote:

Originally Posted by bmw335xi

Bitcoin is 46k right now. If we see it go to 35k that is where I’ll enter again.

50 day moving avg is 40k, doubt it breaks it with Microstrategy buying another billion.