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re: Official CryptoTalk Thread
Posted on 3/24/24 at 1:07 pm to 98eagle
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.
2
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.
Posted on 3/25/24 at 9:42 am to eng08
I see today that I am having trouble following my own plan (due to greed).
I had sold a stack of FBTC and used those funds to buy BTFX when Bitcoin was roughly $63,500. My plan was to reverse that trade when Bitcoin was at $67K. Since Bitcoin blew past $67K before I had a chance to do this, now I am having a hard time selling with Bitcoin still appearing to want to rise and perhaps blow past any $70K resistance. I'm looking at 17% gains in BTFX currently for the day.
I need to go ahead and sell it soon and reverse the trade if it starts reversing enough.
I had sold a stack of FBTC and used those funds to buy BTFX when Bitcoin was roughly $63,500. My plan was to reverse that trade when Bitcoin was at $67K. Since Bitcoin blew past $67K before I had a chance to do this, now I am having a hard time selling with Bitcoin still appearing to want to rise and perhaps blow past any $70K resistance. I'm looking at 17% gains in BTFX currently for the day.
I need to go ahead and sell it soon and reverse the trade if it starts reversing enough.
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