re: Official CryptoTalk Thread

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Bitcoin just closed it’s best September ever. As you can see from the chart above, Bitcoin saw a gain of 7.29%, surpassing 2016 when price rose 6.04% in the same month.

A green September has always been followed by a green October. Not only that the “worst” October following a green September was 14.71%. There have only been 2 red Octobers, ever.

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Yeah fears of WW3

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I don’t think WW3 is baked into this pretty little chart… lol

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It literally took a shite the minute Iran fired a missile. Just like this summer.

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Anyone who is technically savvy on BTC have any thoughts?

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Technical don't really matter in BTC, IMO, respectfully.

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I was told to purchase XRP, are do you still think it is a buy?

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lol no

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I hit my $1,000 down several tomes are loaded up on BITX per the volatility trade.

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Now all you have to do is wait for your reversal trigger points to be surpassed on those trades. Sometimes that can happen really soon and sometimes it can take a good bit longer. It's great when Bitcoin has very quick recoveries and you reverse most or all of your open trades locking in your gains and Bitcoin climbs higher and you're ready for your next opportunity. If Bitcoin keeps falling, that's when you get tested. Last month, my longest trades recovered after 8 days, but I have endured worse than that. I hope you get to reverse these trades soon.

What’s the skinny on SOL? Looking for an entry. Might unload some ETH in favor of SOL.

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Sol tested 130-120 about 7 times so I believe there’s limited downside. Anything in that range is a loading zone imo.

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Solana has $14m in daily inflation. There can be a ton more downside.

For comparison's sake, that's pretty much PulseChain's entire market cap in monthly inflation. I don't think Solana will retire anyone new this cycle unless they are already very close to retirement.

We're on a little run today likely due to the jobs report.

I was a bit premature due to the Mideast situation. I averaged down due to this, and assuming eventually Israel would respond. When and if they do, I'm prepared to average down again. This make my eventual sale when and if BTC gets to $63Kish a little longer than it should be since I pulled the trigger when BTC declined $1K.

I'm essentially copying your volatility trade, but I'm trying to factor in some variables due to macro economic events. As far as I can tell, BTC pricing seems to react to these events in a similar fashion manner as equities do.

I'm starting to look a little bit at BITX options as there is some liquidity. There is very little liquidity in BTC future's options, and the spread is generally pretty wide. The pricing on the BITX options seems to be pretty tight. The only reason I'm looking at options is it would be less capital outlay, consequently the maximum possible loss is also a lower dollar amount. AS I had mentioned in a post a while back, BITX holds future's contracts and is leveraged, so there would be decay due to having to roll the contracts, dividends etc. So far this has worked out for me, and obviously for you, but if pricing BTC pricing became static I'd not want to be holding BITX for any longer than I have to.

I really appreciate you sharing your trade and methodology. I like the concept of volatility in BTC, and BTC certainly has volatility.

To be clear, I hold actually BTC, and have for quite some time. What I'm describing above is just a way to generate some income around BTC volatility. I own the actual asset, and am bullish long term on BTC. I have some understanding of ETH, not a lot. I don't know a lot about the other cryptos discussed in this thread. I have no position on these other cryptos. I like to understand what I own, but I have limited time and I'm not smart enough to fully understand every other crypro out there.