Crypto Timing

New FASB rules effective from Dec15 allow companies holding BTC to mark any holdings of their "imaginary" asset based on market value allowing them to report income/losses from their BTC treasuries.

The Financial Accounting Standards Board (FASB) has officially adopted Fair Value Accounting for Bitcoin.

Effective for fiscal years beginning after Dec. 15, 2024, the new accounting rule will allow companies to more accurately reflect Bitcoin’s current market value in their financial statements.

By aligning the valuation of Bitcoin with market prices, this change is expected to increase transparency and potentially accelerate Bitcoin’s adoption as a treasury reserve asset among companies worldwide.
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https://www.ccn.com/news/crypto/bitcoin-financial-legitimacy-fasb-fair-value-accounting/
 
Its not imaginary its been bought up by whales,corporations and becoming more mainstream adopted especially since etfs got behind it and now trump and elon walking hand in hand further propping it up...that and some fundamentals as youve spoke about. Im cynical by nature and if like some stackers believe silver is manipulated- i dont anymore then why not BTC, why not Gold? My precious :D Golds shown some good growth especially in last few years beating stockmarket as a whole. BTC rise has been unparallel compared to all asset classes, but my mind returns to origins...who made this? Created outta thin air by an anonymous figure now legend...and for what purpose? My mind tells me to be cautious, but as they say who dares wins :) But i dont think it was created by an entity to benefit common man. Just my biased opinion(tired as shit sorry for the edit)
 
mmm....shiney! said:
@Real $ Return, some consider it imaginary, I think because it's a wall they just can't climb, or don't want to.
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If you can buy it hold then sell and make.profit its as real as anything else, i think in years to come possibility of 1 million/BTC do i trust it but? No but im ignorant on topic obviously. If u can sell on exchange but when reaches heights will they let many pull the trigger? Have to wait n see many factors in play
 
mmm....shiney! said:
The dip is market wide across asset classes, it's got nothing to do with crypto price action over the past 2 months.

The fundamentals that drove the action haven't disappeared, things may quieten down for a while but there is not going to be a correction as these prices are still cheap compared to where the tops are going to be put in.
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You have to admit at the very least it's taken some measurable correction already, in only 2 days and it's been down -11.5%. Obviously someone out there disagrees that the crypto market is "cheap" and as sold quite a bit. Just goes to show how correlated the crypto market is with the equities markets. Nasdaq and the other major indicies fell only really -4% and Bitcoin extrapolated that to -11.5%, let's hope the indicies keep going higher otherwise if they fall another 2-3% that could really hurt crypto bros.
 
Lost track of BTC Yearly highs & lows and continued % appreciations over the years.
Any one provide an unto date graph with $$ figures.
 
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IPDA said:
You have to admit at the very least it's taken some measurable correction already, in only 2 days and it's been down -11.5%. Obviously someone out there disagrees that the crypto market is "cheap" and as sold quite a bit. Just goes to show how correlated the crypto market is with the equities markets. Nasdaq and the other major indicies fell only really -4% and Bitcoin extrapolated that to -11.5%, let's hope the indicies keep going higher otherwise if they fall another 2-3% that could really hurt crypto bros.
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See, indices sneezed -1.4% and Bitcoin puked, sneezed, coughed, and shart itself down another -4.5%. If equities go into a prolonged bear cycle, what would happen to Bitcoin?
 
This time , crypto timing ... What are we looking for? :rolleyes:
Trump's Thumb up or down.
When Trump say something or Rejected from Powell , A signal whether the market will move up or down?

bitcoin strategic reserve policy is on the agenda.
 
How much $$$ are we looking at?
About 30% profit each swing from the dip.
$1K can make about $300.00 , simply swap from certain coins. From my research.
You must DYOR before getting into this from Top 100 coins.
 
IPDA said:
ngl I have shorts on crypto as position trades, so I hope it continues :D

where do you think it’ll stop @Golden ChipMunk ?
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Giving +- previous low.
You probably need to check the Depth

92k - 94k btc my indicator , factoring the swing alts then I will swap alt with alt
probably another 24 hr for the next dip , they goes by stages. The last one was three stages.

No, I am not touching btc :p
 
@IPDA , some tech you might want to know.
I am not a tech person but the info is good than as much as I can guess.

https://cryptonews.com/news/bitcoin-nears-100000-as-decade-old-wallets-move-20m-bullish-or-bearish/


"Immediate resistance levels include $98,330, $102,175, and $104,954. Conversely, support levels are pegged at $92,105 and $89,418. A breach below the $95,000 mark could catalyze further declines, whereas surpassing $98,330 might rekindle short-term bullish prospects."

  • "Critical Support: Downside risks include the $92,105 and $89,418 marks."
 
Golden ChipMunk said:
@IPDA , some tech you might want to know.
I am not a tech person but the info is good than as much as I can guess.

https://cryptonews.com/news/bitcoin-nears-100000-as-decade-old-wallets-move-20m-bullish-or-bearish/


"Immediate resistance levels include $98,330, $102,175, and $104,954. Conversely, support levels are pegged at $92,105 and $89,418. A breach below the $95,000 mark could catalyze further declines, whereas surpassing $98,330 might rekindle short-term bullish prospects."

  • "Critical Support: Downside risks include the $92,105 and $89,418 marks."
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For me personally, if BTC is able to break 99200.88 - 99844.11, this would rekindle a bullish scenario for me. But given how significantly it sold off away from this level, I think lower is still the go. 88.6k would be my short-term target.
 
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