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re: Official CryptoTalk Thread
Posted on 11/6/24 at 10:48 am to Iowa Golfer
Posted on 11/6/24 at 10:48 am to Iowa Golfer
68% on BITX calls. Hedged to the short side now.
1
Posted on 11/6/24 at 2:09 pm to Iowa Golfer
So are we thinking bitcoin is just gonna continue to moon with Trump in office? I always tell myself I’ll sell at the new ATH but I always end up just holding lol
Posted on 11/6/24 at 2:13 pm to philly444
There will be multiple pullbacks and probably some consolidations on its overall march upwards
Posted on 11/6/24 at 3:23 pm to TigerTatorTots
I know this is logical and probable. But something in my gut tells me we are about to bull run to 100k in the next few months.
Posted on 11/6/24 at 3:33 pm to I Love Bama
My body will be ready
Posted on 11/6/24 at 3:52 pm to I Love Bama
quote:34, will never be married or have kids
I really hope you are like 25 and not 45 with a wife and kids.
This post was edited on 11/6/24 at 3:57 pm
Posted on 11/6/24 at 4:00 pm to ReauxlTide222
Damn baw we won that girl an iPad a decade ago and she split? Bitches
Posted on 11/6/24 at 4:24 pm to ReauxlTide222
I said the same thing at 34. Be open to change. Cheers!
Posted on 11/6/24 at 8:49 pm to TigerTatorTots
Nah we’re good, and she’s doing well.
And thank you for the advice, Bama. I become more open to change each day(as you can see in my recent risky decisions here). The more I focus on getting everything in my life in order, the more I become open to the possibility of marriage maaaaybe being an option.
This post was edited on 11/6/24 at 8:50 pm
Posted on 11/7/24 at 3:42 pm to ReauxlTide222
Posted on 11/7/24 at 7:37 pm to I Love Bama
I have light bulb moments with bitcoin that knock me on my arse. It all ties back to one fundamental truth. Money as a concept has existed forever but it was not invented until 2008.
Also I listened to that interview and it was awesome.
Also I listened to that interview and it was awesome.
This post was edited on 11/7/24 at 7:39 pm
Posted on 11/7/24 at 7:52 pm to beaverfever
Same. I had never thought about what money actually was until i studied bitcoin. Changed everything.
Posted on 11/7/24 at 9:29 pm to I Love Bama
Besides bitcoin itself what’s a good strategy. Should I get into dogecoin, etc….
Posted on 11/7/24 at 9:44 pm to ReauxlTide222
quote:
34, will never be married or have kids
Don’t give up, some fella will make an honest baw out of you.
Posted on 11/7/24 at 10:16 pm to OysterPoBoy
Maybe one day the market will actually react to shite like this
Loading Twitter/X Embed...
If tweet fails to load, click here. Posted on 11/7/24 at 11:53 pm to CE Tiger
quote:
Maybe one day the market will actually react to shite like this
Sorry but I'm too busy buying pygmy hippo meme coins
Posted on 11/8/24 at 6:07 am to CE Tiger
Chainlink is proof that people don't care about fundamentals. Oracles are such a good technology, but they've never really caught on.
Posted on 11/8/24 at 7:14 am to I Love Bama
With IBIT options becoming available today, I’m struggling to justify holding an excessive amount of BTC in cold storage when I can hold IBIT, sell covered calls and roll the proceeds into MSTR. In a Roth you could do that and rebalance regularly from MSTR back to IBIT without wash sales and tax implications.
Anybody have thoughts?
Anybody have thoughts?
This post was edited on 11/8/24 at 7:20 am
Posted on 11/8/24 at 8:49 am to beaverfever
IBIT holds BTC rather than futures contracts. Redemption rights are likely in cash and not in BTC? It also looks like they're short some BTC, which could mean they've sold some.
I don't see any issue with trading options on either IBIT or MSTR. I'd personally not own the shares of either and prefer to hold the actual asset.
I believe you can hold BTC in a ROTH? That gets a bit cloudy.
It sounds like maybe you want to still hold BTC, but also hold and hedge/speculate around IBIT while adding MSTR. I think you can do this, but I'd personally be leery about liquidating all of my BTC.
You can trade options on your BTC holdings depending on the exchange you use. All of your BTC doesn't need to be in a cold wallet. To me this seems to accomplish the same goal with less risk and less work.
I don't see any issue with trading options on either IBIT or MSTR. I'd personally not own the shares of either and prefer to hold the actual asset.
I believe you can hold BTC in a ROTH? That gets a bit cloudy.
It sounds like maybe you want to still hold BTC, but also hold and hedge/speculate around IBIT while adding MSTR. I think you can do this, but I'd personally be leery about liquidating all of my BTC.
You can trade options on your BTC holdings depending on the exchange you use. All of your BTC doesn't need to be in a cold wallet. To me this seems to accomplish the same goal with less risk and less work.
This post was edited on 11/8/24 at 8:50 am
Posted on 11/8/24 at 9:16 am to Iowa Golfer
I think my thesis was that MSTR is a really interesting Bitcoin product in that it trades like an equity but its underlying value is in Bitcoin. Also, it seems to produce more alpha than bitcoin and the market when everything is ripping.
So, by selling calls on IBIT/Bitcoin, you harvest a premium and rolling it into a more volatile version of the calls you’re selling. You’re being paid to trade away the alpha of bitcoin and take on the alpha of MSTR.
As far as the difference between bitcoin and IbIt, I own some bitcoin in cold storage but I’m still a bit new to it. I own more IBIT. I had planned to exclusively accumulate the asset itself going forward but now I’m not as sure. I’m curious to hear both sides. Trading options with bitcoin on a potentially shady exchange scares me. I’m sure there’s a perfectly responsible way to do it. I’m just not familiar with it and I’m not going to learn by trial and error.
Regarding “not all of your bitcoin needing to be in a cold wallet”, from my experience this is true as well but everyone argues about this online so it creates doubt.
So, by selling calls on IBIT/Bitcoin, you harvest a premium and rolling it into a more volatile version of the calls you’re selling. You’re being paid to trade away the alpha of bitcoin and take on the alpha of MSTR.
As far as the difference between bitcoin and IbIt, I own some bitcoin in cold storage but I’m still a bit new to it. I own more IBIT. I had planned to exclusively accumulate the asset itself going forward but now I’m not as sure. I’m curious to hear both sides. Trading options with bitcoin on a potentially shady exchange scares me. I’m sure there’s a perfectly responsible way to do it. I’m just not familiar with it and I’m not going to learn by trial and error.
Regarding “not all of your bitcoin needing to be in a cold wallet”, from my experience this is true as well but everyone argues about this online so it creates doubt.
This post was edited on 11/8/24 at 9:19 am
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