- BitcoinZella
- Posts
- Buy And Hold Forever!
Buy And Hold Forever!
Robert Kiyosaki, author of "Rich Dad Poor Dad," plans to buy more Bitcoin despite its recent price drop, aligning with Warren Buffett's long-term investment strategy.
Joe G & Money Talks
June 25, 2024 • Estimated Reading Time: 6 minutes
What we will talk about today...
Mt. Gox Payout Ignites Bitcoin Exchange Controversy
Kiyosaki Bullish as Bitcoin Nears $59K Despite Crash
AI Tokens Rise, NVIDIA Falls 13%
Matthew Hyland challenges the significance of declining Bitcoin exchange balances amidst concerns over Mt. Gox's impending 140,000 BTC payout.
The past 3 times Mt.Gox repayment 'fud' was dropped.
March 6 2023
Nov 22 2023
Jan 6 2024— Pat (@PattaTrades)
1:59 PM • Jun 24, 2024
The supply aspect IMO is overrated
BTC on exchanges dropped during the entire bear market yet, BTC price continued down with it
Long term it matters but within multi-years it has shown it does not
— Matthew Hyland (@MatthewHyland_)
5:02 PM • Jun 24, 2024
Main Points:
Hyland's Perspective: Questions the correlation between exchange supply and BTC price movements.
Exchange Balances: Hit multiyear lows at 2,317,495 BTC, indicating potential demand but disputed impact.
Mt. Gox Impact: Uncertainty surrounds the potential market impact of the upcoming 140,000 BTC payout.
Detailed Insights:
Supply vs. Price: Historical data suggests BTC prices haven't consistently mirrored exchange balance fluctuations.
Current Data: Glassnode reports a recent slight increase in available BTC despite low overall balances.
Market Reaction: Mixed opinions on whether Mt. Gox's payout will significantly affect BTC prices.
Expert View: Samson Mow suggests any impact from Mt. Gox coins will likely be minimal, managed through over-the-counter sales.
There isn't a massive "dump" from Germany or Gox. Right now this #Bitcoin dip is purely sentiment and fear driven, not from selling of large holdings. Even when Gox coins come to market, if there are sales, they will likely be via OTC and will have minimal impact on price.
— Samson Mow (@Excellion)
8:51 PM • Jun 24, 2024
Related: How Low Can Bitcoin Dip?
WHAT WE RECOMMEND😉
To have an Invested Mind, we need Entertainment. Here are some Entertaining, Exciting, and Useful sites for You
|
|
Just Clicking The Subscribe Button Helps Us Continue
For Free Forever
Robert Kiyosaki Bullish Despite Bitcoin Crash, Nears $59,000
Robert Kiyosaki, author of "Rich Dad Poor Dad," plans to buy more Bitcoin despite its recent price drop, aligning with Warren Buffett's long-term investment strategy.
Bitcoin is crashing. Most people should sell. I am waiting to buy more.
All markets go up and down. Many people make a lot of money “trading”
markets which means buying low and hopefully selling low. The problem with “trading” any asset is taxes, specifically “short term”… x.com/i/web/status/1…— Robert Kiyosaki (@theRealKiyosaki)
3:19 PM • Jun 24, 2024
Main Points:
Bitcoin Status: BTC drops 5.5% in 24 hours to $52,300, down 11% weekly.
Kiyosaki's Move: Sees the dip as a buying opportunity, echoing Buffett’s "buy and hold forever" approach.
Market Impact: A recent crash led to $300 million in crypto liquidations, mainly from long positions.
Detailed Insights:
Kiyosaki's Strategy: He continues to buy Bitcoin regardless of price drops, reinforcing his belief in its long-term value.
Future Outlook: Despite volatility, some analysts predict a Bitcoin recovery to $100,000 by the end of June.
₿itcoin reached $61,097. +0.69%
♢Ethereum reached $3,370. +1.20%
Despite NVIDIA's stock decline, AI-related cryptocurrencies like Fetch.AI (FET) and SingularityNET (AGIX) have shown strong gains recently.
Nvidia $NVDA insiders have now cashed out for more than $796 million this year 🚨
— Barchart (@Barchart)
5:34 AM • Jun 24, 2024
Main Points:
NVIDIA's Decline: Stock dropped 11.08% in five days, losing $430 billion in market cap, impacting AI crypto market sentiment.
AI Crypto Rise: FET and AGIX rose 23.46% and 20.83% respectively, contrasting broader crypto market declines.
Market Overview: Bitcoin and Ethereum are down 9.17% and 4.23% in the last week amid general market downturns.
Detailed Insights:
Executive Sales: NVIDIA executives, including Jensen Huang, sold over $796 million in stock this year, sparking investor concerns.
Market Impact: NVIDIA's market cap fell to $2.903 trillion, down almost 13% from its peak, influencing AI token trends.
Token Performance: Worldcoin (WLD) and ARKM gained 9.07% and 16.34% respectively last week, reflecting positive sentiment towards AI tokens.
THIS IS INCREDIBLE:
Nvidia's Executives have been selling their shares at the FASTEST PACE EVER.
20-day sum of net insider selling has hit almost $450 million, more than double the 2022 amount.
Do Nvidia's insiders know something or are they just realizing record profits?
— Global Markets Investor (@GlobalMktObserv)
1:00 PM • Jun 23, 2024
CAN YOU PREDICT THE PRICE?
Bitcoin Price Prediction for Tomorrow?🤔 |
HOW DID WE DO? 🤷
We read every comment submitted in this poll and love to hear what you guys have to say. 😁 (bonus points for suggestions 🍪) What did you think of today's Newsletter? Don't worry, you won't hurt our feelings... 🥲 |
Stay Tuned For More Twists and Turns in
🚀The Crypto World & Happy Investing🚀
This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results