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re: Official CryptoTalk Thread
Posted on 12/10/24 at 2:17 pm to 21JumpStreet
Posted on 12/10/24 at 2:17 pm to 21JumpStreet
Kudos for you. You've got a lot more conviction than I do ha!
Posted on 12/10/24 at 2:35 pm to 98eagle
I went long BTC (trade) @ $96,850.
Posted on 12/10/24 at 4:13 pm to TheJunction
I'll pay it off in time for the crash in 2026 and I'm going to do it again
Bitcoin 4 life

Bitcoin 4 life

Posted on 12/10/24 at 10:14 pm to 21JumpStreet
quote:
My 401k loan from 3 years ago is paying off
I did the same thing in March. The loan amount has done a 4.5x since then and we haven't even hit parabolic alt season yet. I'm betting your returns are better to significantly better depending on what you jumped into. Now to nail down the exit
Posted on 12/11/24 at 10:58 am to 98eagle
quote:
This is typical Bitcoin action since 2009. Take advantage and buy the dips, or even better learn how to trade Bitcoin volatility. I bought a stack of BITX when Bitcoin was at $97.8K. It's in the red a decent amount now, maybe 4% loss. Do I care? No. I just bought another stack of BITX when Bitcoin was approximately $95.2K. Then when Bitcoin goes above $100K, I will sell both stacks. It's like taking candy from a baby. If Bitcoin wants to keep falling, I'll keep buying. It's an opportunity for me to make easy money.
I just reversed my two Bitcoin volatility trades today when Bitcoin was at approximately $101.2K as I sold all of the BITX I had purchased from both trades.
My trade from purchasing a stack of BITX two days ago when Bitcoin had pulled back to $97.8K earned approximately 7%.
My trade yesterday when I bought another stack of BITX when Bitcoin had pulled back to $95.2K earned approximately 12.6%.
I recovered all of my initial cash from both trades and put the 7% and 12.6% gains into purchasing more BITO shares. Two very nice "free" dividends that I created myself in just 2 days.
I want Bitcoin to go straight to the moon, but will look to repeat more volatility trades on any perceived pullbacks.
This post was edited on 12/11/24 at 11:00 am
Posted on 12/11/24 at 11:22 am to Iowa Golfer
In at $96,850. Out at $100K. I'll trade back in on the next drop.
@98eagle volatility trade, just using future's contract so I can control 5 BTC per contract.
@98eagle volatility trade, just using future's contract so I can control 5 BTC per contract.
This post was edited on 12/11/24 at 11:23 am
Posted on 12/11/24 at 11:40 am to Iowa Golfer
quote:
In at $96,850. Out at $100K. I'll trade back in on the next drop.
@98eagle volatility trade, just using future's contract so I can control 5 BTC per contract.
Nice! I need to start using futures contracts at some point.
Posted on 12/11/24 at 12:41 pm to 98eagle
Posted on 12/11/24 at 2:19 pm to boomtown143
Saw an old video microsoft saying they have phones and they aren't buying into the hype of the iphone 

Posted on 12/11/24 at 9:53 pm to 21JumpStreet
Link pumping until it gets rejected at $29 and smashed back down to $24
Posted on 12/11/24 at 10:37 pm to TheJunction
At least for one night can we pretend like Link rides the wave and just bursts through 30 on its way to 40, 50+
Posted on 12/11/24 at 10:46 pm to TheJunction
If we’re gonna pretend then add a zero please
Posted on 12/11/24 at 10:48 pm to CE Tiger
Ha! I’ve seen 90 thrown around. Don’t want to seem greedy though, I’d settle for 70.
Posted on 12/11/24 at 10:51 pm to TheJunction
$225 puts it at the marketcap of XRP where it should be
Posted on 12/11/24 at 10:59 pm to CE Tiger
Posted on 12/12/24 at 12:50 pm to Iowa Golfer
quote:
In at $96,850. Out at $100K. I'll trade back in on the next drop.
@98eagle volatility trade, just using future's contract so I can control 5 BTC per contract.
Sold contracts at $102K.
One of these days the volatility trade is going to be over, but until that day I keep bunting, hitting singles and every once in a while a double.
Posted on 12/12/24 at 1:50 pm to Iowa Golfer
quote:
quote:
In at $96,850. Out at $100K. I'll trade back in on the next drop.
@98eagle volatility trade, just using future's contract so I can control 5 BTC per contract.
Sold contracts at $102K.
One of these days the volatility trade is going to be over, but until that day I keep bunting, hitting singles and every once in a while a double.
Contract bought to close at $100K. I'll buy to open at $98K again if that happens.
Posted on 12/12/24 at 3:59 pm to Iowa Golfer
I know nothing about contracts. How much are you making on these trades and is it worth it for a $4k swing?
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