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Crixus,
So you still didn't answer my question. Do you own any crypto?
So you still didn't answer my question. Do you own any crypto?
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Just bought a computer, that I plan to put together, from newegg with bitcoin. I thought I would pull out a bit 20k seems so high... If it crashes I'll still have a computer at least.Comment
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Thought about making a cryptocurrency index fund but soneone beat me to it: https://www.google.com/amp/s/www.cnbc.com/amp/2017/12/12/bitwise-hold-10-launches-crypto-index-fund-with-4-million-in-funding.htmlComment
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"I think there is a world market for maybe five computers."
Thomas Watson, president of IBM, 1943
:P
Blockchain will be used in everyday life. Not so sure about the current iterations of cryptocurrency, though.I should have been a pair of ragged claws. Scuttling across the floors of silent seas.Comment
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Don't look today!Comment
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This was the most recent bitcoin thread I could find today, 2/6/18. Any updates? Is bitcoin investing still fun at $7k/btc compared to $20k/btc? Have you expanded to any of the spinoff currencies?Comment
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It's a blast.Comment
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I went short BTC around $13k and again around $11.5k. Closed the first, second is still open. Both with 5x leverage. I’m enjoying the ride down.
Still have some alt coins that were picked up early to middle of December so most of them have BTC values that are still higher than I bought, a couple do not but they aren’t Ripple so they’re at least close to entry...Of course they are down in USD value as bitcoin has dropped.
I haven’t put new fiat into any coins since last spring. I had been taking profits regularly, but haven’t in the last 3 weeks or so.Comment
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I went short BTC around $13k and again around $11.5k. Closed the first, second is still open. Both with 5x leverage. I’m enjoying the ride down.
Still have some alt coins that were picked up early to middle of December so most of them have BTC values that are still higher than I bought, a couple do not but they aren’t Ripple so they’re at least close to entry…Of course they are down in USD value as bitcoin has dropped.
I haven’t put new fiat into any coins since last spring. I had been taking profits regularly, but haven’t in the last 3 weeks or so.
5x leverage? Holy h3ll. I hope you have a ton of cash in said account. Problem with leverage is even when you are absolutely right, you can still get shaken out by a blip move or a change in the brokers risk tolerance. For example today IBKR didnt allow any futures trading on margin, and they are well known to increase and decrease their margins on a whim. That kind of thing totally sucks. Good luck.Comment
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5X ? That is nuts. With the volatility in bitcoin, you don't need any leverage.
Leverage is like speed in driving. At 150 miles an hour there is a 100% chance you will have a nasty accident. It is a matter of when not if.Comment
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I went short BTC around $13k and again around $11.5k. Closed the first, second is still open. Both with 5x leverage. I’m enjoying the ride down.
Still have some alt coins that were picked up early to middle of December so most of them have BTC values that are still higher than I bought, a couple do not but they aren’t Ripple so they’re at least close to entry…Of course they are down in USD value as bitcoin has dropped.
I haven’t put new fiat into any coins since last spring. I had been taking profits regularly, but haven’t in the last 3 weeks or so.
When did you go short BTC? Only one month ago in the thread you started, you said, “If BTC gets to $30k by the end of the year, I will likely be a “crypto millionaire.”
You also said you hadn’t traded any cryptocurrencies since March 2017. So in one month you went from BTC bull to putting on a massive short? Exactly how did you execute this 5x short by the way? This isn’t Apple.
While I’m sure it’s funny to you to make up stories, it actually does harm to people trying to make good decisions with their finances.Comment
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I went short BTC around $13k and again around $11.5k. Closed the first, second is still open. Both with 5x leverage. I’m enjoying the ride down.
Still have some alt coins that were picked up early to middle of December so most of them have BTC values that are still higher than I bought, a couple do not but they aren’t Ripple so they’re at least close to entry…Of course they are down in USD value as bitcoin has dropped.
I haven’t put new fiat into any coins since last spring. I had been taking profits regularly, but haven’t in the last 3 weeks or so.
When did you go short BTC? Only one month ago in the thread you started, you said, “If BTC gets to $30k by the end of the year, I will likely be a “crypto millionaire.”
You also said you hadn’t traded any cryptocurrencies since March 2017. So in one month you went from BTC bull to putting on a massive short? Exactly how did you execute this 5x short by the way? This isn’t Apple.
While I’m sure it’s funny to you to make up stories, it actually does harm to people trying to make good decisions with their finances.
It's pretty simple to follow. When bitcoin was near $20,000 he was 2/3rds of the way to being a crypto millionaire (assuming no leverage), so he had about $666,000 invested at that time and was bullish. Then when it reached near $6,000 he was already 5x short so he was bearish.
The bullish portion of the position lost about -$466,000 if still intact (ouch).
Or perhaps he only lost about half, sold out, then used the 5x short to try to make up the losses with the new bearish position.
Just rough estimates though. Could be off a little He could also use the 5x short as a sort of insurance on the huge drop on the bullish position.
Of course the short position just took a hit the last couple days.
My math should be pretty close here. I'll give the benefit of the doubt. Also he states he's playing with the house's money, so no big deal. :lol:
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So he rides a long position to the top and a ~20x gain and then at the top puts on a 5x short? Would love to know where you can get 5x leverage on a Bitcoin short.
Anyway, the guy said in January that he didn’t buy any cryptocurrency since March 2017, but in this thread he said he “picked up some in December.” As George Bush says, Fool me once, we don’t get fooled again.
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Donnie wrote:
So he rides a long position to the top and a ~20x gain and then at the top puts on a 5x short? Would love to know where you can get 5x leverage on a Bitcoin short.
Anyway, the guy said in January that he didn’t buy any cryptocurrency since March 2017, but in this thread he said he “picked up some in December.” As George Bush says, Fool me once, we don’t get fooled again.
Mad skills.
"After years of disappointment with get-rich-quick schemes, I know I'm going to get rich with this scheme.... and quick." -Homer Simpson.
https://m.youtube.com/watch?v=8QuSuKcrAeUComment
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Much like my previous thread, Donnie comes in like a bull in a china shop with poor understanding of what/where/how to trade cryptocurrencies and with absolutely zero effort to accurately characterize anything I've said. I'll make this simple.
-I haven't put more fiat into crypto since last spring
-alt coins are paired with BTC, therefore it does not require new fiat to "buy" or "pick up some" alt coins. My claim about adding some alt coins in December doesn't make me a liar, it makes you naïve at best and maligning at worst.
-I told you exactly what price I put in a short on BTC, It was $7k and $9k below the top. I have no idea where tops and bottoms will be.
-Being bullish on BTC and opening a short as technical indicators and fundamentals say it's headed towards $8k (it went even lower for a bit) are not mutually exclusive.
-Donnie is a doctor, he can use google and figure out the various ways to short bitcoin and to trade with leverage. I'm not sure why he wants the guy that's "making up stories" and potentially harming people who are trying to make good financial decisions, to tell everyone where they too can go full degen...Comment
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