While a bullish backdrop emerges in February, spare a thought for the traders trying to time the market. One savvy trader by the name of Samjhill on Reddit has built a trading tool that outperforms dollar-cost-averaging (DCA) for buying Bitcoin (BTC). DCA is the strategy in which investors buy a small amount regularly regardless of price fluctuations. It works in contrast to … [Read more...] about Trader builds Bitcoin ‘buy the dip’ bot, outperforms DCA
Dip
Texas senator Ted Cruz bought the last Bitcoin dip
According to a financial disclosure filed on February 4, US senator Ted Cruz bought the last Bitcoin dip.The filing shows that the Texas Republican bought between $15.001 to $50.000 worth of Bitcoin on January 25, and used the brokerage River to make the transaction.Cruz joins the US Senate Bitcoin boostersUntil recently, Wyoming’s Cynthia Lummis and Pennsylvania’s Pat Toomey … [Read more...] about Texas senator Ted Cruz bought the last Bitcoin dip
Ted Cruz buys the Bitcoin dip
Rafael ‘Ted’ Cruz, the junior Republican senator from Texas, is putting his money where his mouth is.According to a financial disclosure filed on Friday 4th Feb, Cruz bought between $15k and $50k worth of Bitcoin (BTC) on January 25th, using the River brokerage.At the time, Bitcoin was trading between $36k and $37k, and over the subsequent days it has risen to a current price … [Read more...] about Ted Cruz buys the Bitcoin dip
No regrets for NYC mayor receiving his first Bitcoin paycheck during dip
Bitcoin (BTC) is a New York state of mind thing for Eric Adams, the crypto advocate serving as the 110th mayor of New York City. He received his first Bitcoin payout on Friday during some epic downward price action and was unflappable when asked about losses during an interview. Bitcoin’s price has taken a nosedive from Friday highs of $41,000 to $35,000, meaning Adams has … [Read more...] about No regrets for NYC mayor receiving his first Bitcoin paycheck during dip
Bitcoin, Ether Dip in ‘Bearish Asia Session’ as China Rate Cut Fails to Inspire Risk Buying
Bitcoin and ether were again trading lower in Asian hours, continuing the year-long trend of losing ground mainly when America is asleep. The decline comes as traditional markets turn a blind eye to China’s interest rate cut and remain risk-averse.At press time, bitcoin, the top cryptocurrency by market value, was trading near $46,600, representing a 0.5% drop on the day. Ether … [Read more...] about Bitcoin, Ether Dip in ‘Bearish Asia Session’ as China Rate Cut Fails to Inspire Risk Buying