YupThis quote is hidden because you are ignoring this member. Show Quote
YupThis quote is hidden because you are ignoring this member. Show Quote
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
fact.This quote is hidden because you are ignoring this member. Show Quote
Technical analysis on bitcoin is pure comedy gold.
The award for Best Post Of October, 2019!This quote is hidden because you are ignoring this member. Show Quote
Update as of last nights actions? And 30% increase (When i had the benefit of longing but sold a bit early $9ks)This quote is hidden because you are ignoring this member. Show Quote
Are we going down or up from here? Reasoning?
I'm going to get burned here im sure im setting a 100X leverage (Which i never do @ $9207 (Bitstamp) And reinforcing if we end day below 200MA
It suicide but sometimes we need to yolo
Edit: just got purchased at $9207... inb4 liquidation
Originally posted by beemerm3
so if we only seen 5 % of the oceans why not drain them or somethin lol or can u even transfer water from one ocean to another??? think of all the stuff u'd find treasures n eerything.
Well with this move I expect the bottom to be in and like all my previous analysis, I am expecting this first move over 10k to be wave 1. I dipped into GBTC 8.4s last week and sold this morning for 30%. Will loko for a pull back into the low 8000s to reload. I will try not to get to cute so leaving most of my coins.shares to ride the move significantly higher.This quote is hidden because you are ignoring this member. Show Quote
_________
2019 IS350 AWD
20xx NX350 AWD
Care to explain this? Like, are you hoping BTC goes up or down and what sort of $ would you make either way with say a 1k increase/decrease? Just curiousThis quote is hidden because you are ignoring this member. Show Quote
Sorry Bitmex.com lets you use leverage for trading, it's fun 100X is straight gambling but the site is legit.This quote is hidden because you are ignoring this member. Show Quote
You need to deposit BTC for XBY
1XBY = 1USD
There is a referral link I can give you, im not sure if either one of us benefits though... I guess you get 10% fee discount for 6 months.
Originally posted by beemerm3
so if we only seen 5 % of the oceans why not drain them or somethin lol or can u even transfer water from one ocean to another??? think of all the stuff u'd find treasures n eerything.
I'm convinced this thread is punking us.This quote is hidden because you are ignoring this member. Show Quote
Anyone planning on HODL'ing more crypto (not just BTC) in expectation of a global economic and financial slow down? Im seeing a lot more countries jumping into Gold and Crypto lately.
This is what worries me actually, a "Global recession" which seem like a very high probability.This quote is hidden because you are ignoring this member. Show Quote
I'm not exactly sure if holding BTC is the best bet, I feel it's most likely better than holding in any USD asset, but then BTC is also pegged to USD.
1USD = 1.31CAD
BTC Value
$9470USD or $12,452CAD
If the USD was to fall and take the CAD down (even if not as bad) would mean value of BTC holding in CAD would also decrease I'm assuming? This is my main question/concern.. i really just don't know
It's a slippery slope in that aspect, having a strong USD has benefited me, but it's going to hurt me also when it comes tumbling down and I'm really not sure what the best way to go is? (I've had to keep money in USD for sites and benefited me with USD booming vs CAD) - We like when our investments do well becuase of the currency it's correlated 2 doing better than our currency but it creates greed and not seeing the outcomes.
Do we look at BTC from a EUR or KRW or CNY aspect? I personally think those will get less effected then BTCUSD but all of them will be effected by a global recession.
I also think USDT is nearing it's lifetime as well pretty soon here. I mean come on: https://bitcoinist.com/tether-keeps-...llion-lawsuit/
They were already investigated prior and showed they only had 1.7trill or 2.1 trill usd in assets total and there is 4.1trillion now and the same logic has been used
MORE USDT printed because price going up so worth more
MORE USDT printed because price going down so we need more!
With gold the reasoning is to create a stable pegged currency (not usd) holding something physical with value - but I just don't see this happening again, but then again china and russia are both stocking up on gold reserves lately.
I think there will be some blockchain technology used in one way or another I'm just not sure how it will be done.
With all that said I'd rather hold in Gold or BTC or ETH (Not most of the ALTS) rather than USD, but I also feel i might be biased against USD, not really sure how to go about it.
Last edited by Kobe; 11-04-2019 at 04:00 PM.
Originally posted by beemerm3
so if we only seen 5 % of the oceans why not drain them or somethin lol or can u even transfer water from one ocean to another??? think of all the stuff u'd find treasures n eerything.
I think this is the best takeaway here - divest in things that have historically done well.This quote is hidden because you are ignoring this member. Show Quote
Anyone found BTC Options opportunities? (vehicles to use)
So it's been a while since we've had an updated technical analysis for bitcoin.
Given the recent advances in quantum computing and the political climate in Sudan I applied a forward Rocky analysis to the recent price history. I'm pretty sure based on this it'll break 10k$ by the end of the months, so easy 20% returns to all of you. You can thank me in advance.
The joke that never gets old
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
fact.This quote is hidden because you are ignoring this member. Show Quote
Yes. Right now BTC Options are my primary investment vehicle. That and some biotechs.This quote is hidden because you are ignoring this member. Show Quote
CME Group Bitcoin Options
Deribit - Bitcoin Options denominated in BTC
I should say up front: make sure you understand how all of your greeks work (and especially implied volatility), and the dangers of running out of liquidity. You'll need a lot of patience to trade these things, and probably nerves of steel.
Last edited by themack89; 01-28-2020 at 08:44 PM.
On Sabbatical
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Thanks, IV and others are still at stage 101 for me - but that seems to be the road to take (not just for BTC either).
No immediate plans on Naked puts yet!!! (unlikely I could get these at this stage)
Ah, if you're brand new, this is the order I suggest you learn them in:This quote is hidden because you are ignoring this member. Show Quote
Delta, Theta, Vega/Imp Vol, Gamma, and Rho if you wanna get cute. And then learn some basic spreads and figure out how they interact with each greek.
Eventually you'll just start thinking like "ok I want to be long delta, short volatility, theta neutral" and you'll just construct your spreads instead of memorizing them.
If you're a paper/theoretical guy, I got some good options textbooks for you. Send me a pm if you want.
On Sabbatical
The smart play in this time of volatility, clearly, is to take physical possession of your BTC.This quote is hidden because you are ignoring this member. Show Quote
So bitcoin was 8,666$ when I posted this. Today it's 9,500$ so I was pretty fucking close when I predicted 10k by the end of the month. Just sayin'This quote is hidden because you are ignoring this member. Show Quote
That's just plate tectonics
So I was 2 weeks off but sure enough here we are above 10k. I'm basically a speculative master at this point.This quote is hidden because you are ignoring this member. Show Quote
One year ago today BTC was 3400$, today its 10,400$ .... pretty solid return. Bring on the next crash.