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.

1 ...

Report Post

Posted by eng08

Member since Jan 2013

5997 posts

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.

2 ...

Report Post

Money Talk - Replies to Post

Return To Board

Page 1

Return To Board