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ubuntu

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    The Bubbly Bitcoin Thread -- Merged Threads

    in House prices and the economy

    Posted

    49 minutes ago, warpig said:

    The BTC chart is looking busy/interesting... After showing weakness - BTC has dropped out of the channel... and now we have to consider how far back it's going to go. There is huge option expiry this Friday for BTC and the markets are under stress because of rising bond yields. I've circled the breakdown below and highlighted the potential fibonacci retracements for those that are interested. interesting the retracement steps line up with support/resistance which adds credibility to a retest of support. As always it's not a crystal ball... but it may offer an insight into future price movements.

    image.thumb.png.ad42e125400f7990f86838311d25666b.png

    Hasn't it gone up again into the channel, do you not see a bull flag pattern? Not that I realy bother with TA but sometimes it's interesting, are you going to short it then?

    Turkey Lira Collapses: Erdogan fired finance minister because he wanted to raise interest rates

    in House prices and the economy

    Posted

    Just now, robmatic said:

    Expensive in local terms but cheap in USD/sterling.

    Tends to increase rapidly in lira terms but not so much in real terms or in USD.

    We actually rent because rental yields in our nice Istanbul neighbourhood are something like 3%.

    interesting, which neighbourhood? I've been to Ist few times and have friends there, only areas i would consider living are Nisantasi, Besiktas or maybe Moda on the Asian side.

    Turkey Lira Collapses: Erdogan fired finance minister because he wanted to raise interest rates

    in House prices and the economy

    Posted

    Just now, robmatic said:

    Gold is very popular. When people get married, the wedding gifts are usually gold coins, and you can buy/sell at a gold dealer in the neighbourhood or your local shopping centre at a narrow spread.

    Loads of luxury watches to be seen as well, much more than in the UK.

    Eh, plenty of official Rolex dealers in Turkey. It's not all a low-rate holiday resort for British tourists.

    what are the property prices like in Turkey, am guessing astronomical in Istanbul and other big cities and places like Bodrum on the coast?

    Hong Kong Chinese could cause a massive rise in house prices from end of this month with £36 billion on its way

    in House prices and the economy

    Posted

    From the article:

    Quote

    Aragorn Ho, who has applied for the BN(O) visa after leaving to the UK last September, worries he won’t be able to cash in his pension.

    “I have found a job but everyone needs the money,” he said, adding it would be equivalent to about half his yearly salary working for an estate agent in the UK.

    “The Hong Kong government knows people are leaving...so they are trying all means to make people stop by withholding their money”.

    Government figures from last week revealed 27,000 Hongkongers have applied to move to the UK under the BN(O) scheme in just over six weeks since it opened.

     

    Great exactly what his country needs as there's a shortage of estate agents.

    The Bubbly Bitcoin Thread -- Merged Threads

    in House prices and the economy

    Posted

    40 minutes ago, Data Dave said:

    Was having a chat with a neighbour at the weekend, an over the fence type one, no knowledge of crypto what so ever [and I doubt any explanation from me filled that knowledge gap!] but he said something off the cuff so interesting I thought I would share.

    He said it sounds like the most peaceful revolution in the last few thousand years. Everything is digital so why not a currency or store of value. The banks and fractional lending have been around so long with the same model its surprising anything took this long to offer any real, lasting competition. And what had 'us youngsters been up to'! 

    The bit that really got me was 'peaceful', I suppose its rare that any model that so contrives the other [?] has co existed next to it? We have, in the past, tended to see revolution as over throwing of systems whether thats financial, governance, political and social with changes to rights etc.  

    Who here sees Cryptographic's as a complete over haul of the old? My minds not made up...

    Dave

     

    This longish article by Jeff Booth deals with this and how it has the potential to become a global reserve currency and peacefully supersedes the previous model.

    https://medium.com/the-bitcoin-times/the-greatest-game-b787ac3242b2

    The Bubbly Bitcoin Thread -- Merged Threads

    in House prices and the economy

    Posted

    3 minutes ago, warpig said:

    Something is coming... the price action in BTC has been exceptional when measured against other asset classes... it's normal for extended price action to correct. I personally think you got out at the perfect time... but of course I could be wrong. Having said that I still haven't bought (cue you will never buy replies)... I'd like to see a correction... a reasonable correction... to usher in normality to make this more sustainable. Exceptional rises are ordinarily followed by exceptional declines... Until normality is restore - I'm out... but still want in, but only at the right price.

    what you seem to ignore is the btc 4 year cycle, this may help you. of course you could be right but on the other hand... Compare where we are in the current cycle to previous cycles.

    Image

    The Bubbly Bitcoin Thread -- Merged Threads

    in House prices and the economy

    Posted

    @Buffer Bear you might be interested in watching this where Saylor's 'all models are irrelevant' rhetoric is challenged and refuted. I've been following this guy Jordan for a while and have to say he covers the markets very well and does not just use TA, currently he's focused on btc as he says in the current bull market 'it's the only trade that matters'.

    He does daily live sessions so I've started the vid at the apporpriate time

     

    The Bubbly Bitcoin Thread -- Merged Threads

    in House prices and the economy

    Posted

    https://finance.yahoo.com/news/third-bitcoin-etf-expected-launch-145535476.html

    Quote

    Yet another bitcoin exchange-traded fund (ETF) is expected to list on the Toronto Stock Exchange on Tuesday.

    • According to an announcement from provider CI Global Asset Management, regulators have approved the final prospectus for the “CI Galaxy Bitcoin ETF.”

    • The ETF is expected to begin trading on the Toronto Stock Exchange (TSX) on Tuesday, subject to approval from the bourse, under the ticker “BTCX.”

    • BTCX will give investors exposure to bitcoin by investing directly in the cryptocurrency with holdings priced using the Bloomberg Galaxy Bitcoin Index.

    • The listing, if approved, would make BTCX the third bitcoin ETF in North America.

     

    The Bubbly Bitcoin Thread -- Merged Threads

    in House prices and the economy

    Posted

    2 hours ago, yelims said:

    Kraken pro verified now, that was pretty straightforward forward. Operation Diversify Another 10% coming up this week, wouldn’t have to split into multiple transactions, if bitcoin falls then my wealth is not as bitcoin heavy if it raises then oh well I’m still richer than I thought I would have been by this stage of life. Main worry this week is how to pass on ownership to kids if I suddenly die, without exposure of keys, it’s quite a conundrum.

    how old are your kids, do they know you have crypto holdings? Here's some ideas, not sure they're optimum though

    https://taylorwalton.com/insights/articles/crypto-currency-succession-planning

    The Bubbly Bitcoin Thread -- Merged Threads

    in House prices and the economy

    Posted

    6 minutes ago, warpig said:

    That's because it wasn't obvious. I don't like DCA... it averages out your poorly timed purchases... why not buy once at the best possible time...

    because you have no way of knowing for certain what the best time is. Out of interest what do your charts now indicate for btc price action? have you missed your buying opportunity?

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