re: Official CryptoTalk Thread

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DOGE is pumping baws


Exit strategy, anyone?

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Anybody selling? I'm thinking I'm going to cash out today. I'm way way up. It'd be my luck it shot back up to 60 cents but man it's high.

So a buddy caught ACT at 100%, it's currently 2100%

He has had a good day

No words.

At 115k I hit my retirement number at 41 years old.

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$85K

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Let's keep it going!

Don't let anyone tell you it was easy. I remember you buying whole BTC in the $40k range several years ago when it was going down to $15k. That takes balls and conviction.

I just went short Dec BITX (long puts) to try to take advantage of any short term volatility downward.

Anyone know of any regulated exchanges where I can buy protective leaps puts to lock in unrealized gains? I'd be happy with a strike of $60K BTC. That's about 3X cost basis of $22K BTC, and locks enough of the upside. If yes, please let me know. If not, I'll probably long put option and future's contract.

$60K also is my starting point to acquire long BTC. That's fungible right now. But I'm not looking until $60K BTC.

Current long BTC trading is perpetuals settled in cash. It's just easier for me to mange that the asset right now.

This might not be a god candle but it’s going to give some people religion I think.

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$86K

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This is really starting to look like a parabolic run. I'm not selling anything to lock in gains. However, with this kind of growth, I would only consider changing my BITO dividends back to cash again for 1 month to lock in some more cash. However I already have way too much cash so I will probably stick with just riding this rocket ship full speed ahead.

Looking at history, BTC can go on tears of 20-60% up in a matter of days about 6 months after each halving.

Doing those kind of moves at 85K requires a hefty amount of capital. I wonder if this is still just retail, MSTR and normal short covering or if there are more players in the game than we know.