Member
Posted 09 March 2023 - 04:49 PM
I keep reading that I should have a bit of bitcoin as a hedge. Where/what is the best way to buy it? I have accounts on eTrade and Fidelity, but don't see an obvious way to purchase some. It would just be a small amount for a hedge to something happening to the dollar. So not trading, but buy and put aside. Kinda of like the gold and silver I have.
And help or direction would be appreciated.
Thanks,
Derek
Member
Posted 21 October 2023 - 07:51 PM
Well...I'm a little bit late to the party, but I personally work with the Gemini Exchange as they continue to be about the safest out there without having to worry about "bad actors". Another thing that they do offer is a MasterCard where all rewards go toward the immediate purchase of any Crypto you wish to invest in at no charge...so you don't even have to risk your capital to participate.
Due diligence, please.
Fib
Edited by fib_1618, 21 October 2023 - 07:52 PM.
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Member
Posted 13 January 2024 - 08:16 AM
From Dec. 23
Record Bitcoin Call Volumes Target $50,000 By January
What's just as notable, is that the majority of the options traded in the past 24 hours have been calls, with a breakdown of 60% calls and only 40% puts.
It's not just the most recent option trades that are bullishly biased: when The Block examined the most notable monthly options expiry on Jan. 26, 2024, the majority of options were calls. Among these call options, those with the highest trading volume in the past 24 hours have a strike price of $50,000, according to Velo Data.
This suggests that traders increasingly expect bitcoin to hit $50,000 - a level last reached in December 2021 - by January, when many market observers expect the SEC to finally allow exchange-traded funds to directly hold the cryptocurrency.
