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Message
re: Official CryptoTalk Thread
Posted on 3/19/24 at 8:27 pm to 98eagle
Posted on 3/19/24 at 8:27 pm to 98eagle
quote:
I bought more BTFX (leveraged 2X Bitcoin Derivative) this morning, funded by an equal sell of FBTC. I did a similar trade 4 days ago after Bitcoin started its pullback. My plan is to dollar cost average buy BTFX during significant enough Bitcoin pullbacks. As long as Bitcoin keeps falling, I'll continue to do this a few more times. Most investors cannot handle this strategy and many sell instead locking in losses or reduced gains. I'll start selling the BTFX I am converting to and putting it back into FBTC once Bitcoin rises above $70K. It's basically a strategy to increase my FBTC without putting out anymore cash. It's very much like creating my own dividend and reinvesting it.
I’m a simple man. Number go significantly down, smash buy. Hold.
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