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Started By
Message
re: Official CryptoTalk Thread
Posted on 3/21/24 at 7:36 am to The Baker
Posted on 3/21/24 at 7:36 am to The Baker
Oops! Apparently this is old news. My bad
Flash crash of btc last night? I’d love to hear y’all’s opinions on what happened and what it means?
The street
Flash crash of btc last night? I’d love to hear y’all’s opinions on what happened and what it means?
The street
quote:
An unknown entity sold over 400 bitcoin in a short period of time on the BitMEX BTC/USD spot market,” Joe Parys reported in the video above. “BitMEX began investigating the situation internally, but this was massive. You can see these huge wicks as a rogue seller on BitMEX spot market … (brought) the price as low as $8,900.”
This post was edited on 3/21/24 at 7:55 am
Posted on 3/21/24 at 7:50 am to Pierre
That was a few days ago now, not last night
Posted on 3/22/24 at 8:16 am to RATeamWannabe
Headed back down to 59 or 56k.
Then up only
Then up only
Posted on 3/22/24 at 9:55 am to TigerTatorTots
quote:
Dips are for buying
my favorite meme now is
"my brother in Christ, I am already all in"
Posted on 3/22/24 at 10:26 am to RATeamWannabe
quote:This is me
"my brother in Christ, I am already all in"
Posted on 3/22/24 at 5:24 pm to RATeamWannabe
i just bet the farm on Just the Tip (TIPS)
Not really, but i did buy some yesterday.
Not really, but i did buy some yesterday.
Posted on 3/22/24 at 8:16 pm to TigerTatorTots
(no message)
This post was edited on 3/24/24 at 5:36 am
Posted on 3/23/24 at 7:11 am to 98eagle
You should do a deep dive on how you are trading these ETFs
Posted on 3/23/24 at 7:44 am to 98eagle
quote:
It's just way better (financially and psychologically) to buy dips without committing any new funds at all, in my opinion.
I hope your strategy is successful and not trying to attack you. Your strategy is one of the things I think is cool about crypto because of the freedom to come up with unique ways to trade.
Maybe unintentional but I think you may be over simplifying and talking with certainty about how easy it is to profit trading on high volatility without using any new funds.
Crypto can be an easy button for profit in an extended upswing which I think we’ll have in 2024. I also think if an individual retail investor is convinced they’ve discovered a novel or uncommon trading strategy to make easy money without investing new funds it’s eventually going to end in some losses. That being said, I hope you ride this to an early retirement and have fun doing it.
Posted on 3/23/24 at 10:23 am to Cassandra
quote:
talking with certainty about how easy it is to profit trading on high volatility without using any new funds.
Must be posting from his mega yacht.
Posted on 3/23/24 at 11:42 am to Pendulum
I'm so far into the MEME coin phase its ridiculous. Some good profits on SHIB/BONK but down on WIF. My gamble is Gambit which I threw some coin into. Need it to 5x over next two years.
Posted on 3/23/24 at 12:49 pm to I Love Bama
(no message)
This post was edited on 3/24/24 at 5:34 am
Posted on 3/23/24 at 1:29 pm to 98eagle
quote:
When Bitcoin has a good pullback, I used to hate the way that felt. Now I am much calmer because I see it strangely as a positive since I expect about a dozen or so of these big pullbacks during this cycle on the way to the top.
I know exactly what you mean. I don’t do arbitrage but my psyche has evolved the same way. It’s easier to target a floor versus a ceiling in the crypto world.
Quick run ups make me more nervous than dips
This post was edited on 3/23/24 at 1:30 pm
Posted on 3/23/24 at 4:27 pm to Hateradedrink
Yeah me too.
This post was edited on 3/24/24 at 5:37 am
Posted on 3/24/24 at 7:14 am to 98eagle
Why did you delete all that? I read it but didn't get a chance to respond.
Posted on 3/24/24 at 11:23 am to I Love Bama
Sorry about that. I had second thoughts. I was going into way too much detail, like it was a step by step complete instructional guide. I didn't want a bunch of newbies following that step by step, then having no conviction and losing money. I would rather discuss this at a higher level in multiple posts. I'm really glad you got to read it though, as you are one of the few I enjoy discussing Bitcoin with.
I currently hold a good portion, but to a smaller extent I trade between the Spot ETFs and the Leveraged Derivatives to take advantage of Bitcoin's volatility. Since I can't predict tops or bottoms, I dollar cost average into trends in preset % movements that trigger me to place orders.
I suspect once Bitcoin gets to about $90K or higher, volatility is going to pick up, and the amplitude of pullbacks will increase. Could be wrong (Pomp would disagree with me), but that is what my instinct is telling me as the "herd" will be larger.
I want to be prepared to take advantage of any significant or sustained pullbacks instead of just simply riding the roller coaster up and down to the moon. By mid 2025, I will abandon what I am currently doing.
I currently hold a good portion, but to a smaller extent I trade between the Spot ETFs and the Leveraged Derivatives to take advantage of Bitcoin's volatility. Since I can't predict tops or bottoms, I dollar cost average into trends in preset % movements that trigger me to place orders.
I suspect once Bitcoin gets to about $90K or higher, volatility is going to pick up, and the amplitude of pullbacks will increase. Could be wrong (Pomp would disagree with me), but that is what my instinct is telling me as the "herd" will be larger.
I want to be prepared to take advantage of any significant or sustained pullbacks instead of just simply riding the roller coaster up and down to the moon. By mid 2025, I will abandon what I am currently doing.
Posted on 3/24/24 at 1:07 pm to 98eagle
I see you deleted your stuff, I haven’t had time to write down a response to earlier but still intend to.
If your strategy is in/out to catch the volatility that should work.
My question was not meant to be confrontational, just wanted to understand what you were doing.
I don’t know if you have been here a while but there’s an old thread on ugaz 3x gas price that I think wrecked a few.
If your strategy is in/out to catch the volatility that should work.
My question was not meant to be confrontational, just wanted to understand what you were doing.
I don’t know if you have been here a while but there’s an old thread on ugaz 3x gas price that I think wrecked a few.
Posted on 3/24/24 at 1:31 pm to eng08
Yeah I explained that in my reply to I Love Bama, the post just above yours.
I'm definitely am making trades on Bitcoin's volatility trading in and out of the ETFs and derivatives. The best part is it doesn't require new funds. My thought is that Bitcoin is pretty much guaranteed to be volatile so why not take advantage of it.
I'm definitely am making trades on Bitcoin's volatility trading in and out of the ETFs and derivatives. The best part is it doesn't require new funds. My thought is that Bitcoin is pretty much guaranteed to be volatile so why not take advantage of it.
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