BITCOIN

Scottex99

On the way to $50k again, 20 days later.

ETF inflows? Chinese new year? Greyscale selling tapering off?

Still not too much coming from retail I don’t think, although typically retail appears at its most frenzied near the top of the market so 1.5-2x from here?

We already had the demand shock and seems positive, supply shock comes in a couple of months with the Halvening, bullish signs for 2024 in my eyes 

MeteredOut

It used to be that we'd have to check a finance sites to see if BTC was trending down or up. Now I just need to check on those sites to see if its gone down, and know it's gone up if there's a notification of a post to this thread.

Such is the weird and wonderful world of crypto

Scottex99

Nah I posted about the local bottom at 41k too. Ofc price drives the majority of the narrative but also not the be all and end all either.

Although as an investment I’d clearly want it moving in one particular direction.

Highest price in 2 years, should be a new ATH at some point this year… 

DannyCarey

Must admit I am very tempted to sell some. 

Scottex99

Good to have an exit strategy for sure, I’ve made that mistake multiple times already.

I’m eyeing up closer to $70k price level for BTC myself 

DannyCarey

Sold 0.1 this morning, lovely little £1k profit.
I am further investing in some nice exterior home improvement works, so that will be well used. 

onomatopoeia99

At the current price it would be tempting to sell 0.14 BTC to use up my CGT allowance, as it effectively cost me nothing, since I mined it a decade ago and the waste heat from the GPU reduced the amount of central heating I needed (marginal difference in gas and electric heating costs aside).

Since I've never bought or sold crypto I don't even know which exchanges are good and won't cause a problem when the money lands in my current account.

DannyCarey

Coinbase is pretty simple, once you get passed the KYC hoops, set up your bank details and pass the annoying FCA quiz, its really pretty easy. 

Sparrow wallet is also easy to use to send your BTC to the exchange's BTC address for your 'wallet' with them. Sell for £, then cash out to your bank. 

Scottex99

onomatopoeia99 said:

At the current price it would be tempting to sell 0.14 BTC to use up my CGT allowance, as it effectively cost me nothing, since I mined it a decade ago and the waste heat from the GPU reduced the amount of central heating I needed (marginal difference in gas and electric heating costs aside).

Since I've never bought or sold crypto I don't even know which exchanges are good and won't cause a problem when the money lands in my current account.

Cool.

For that amount you should be fine. Coinbase a decent option. eToro, Revolut, Swissborg. There are a few out there that support GBP.

You could also do the trade BTC/GBP and then release the £ in smaller tranches rather than sticking £4k through at once and your bank saying "is this from Crypto?".

Interesting you mined so long ago and still have access to the coins, but have done nothing in the space since?

Or am I getting Trolled lol

Scottex99

In other news I just got my ETH and BTC payment out from Bankrupt Celsius to my Coinbase account this afternoon.

No email, no correspondence (since a few weeks ago) and just saw the deposit notifications as the coins landed.

Only about 40% of what I actually had in Cel before they went down (in USD Value) but a few grand I never thought i'd see again.

BTC 52K, pump me