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re: Official CryptoTalk Thread

Posted on 12/10/24 at 2:17 pm to
Posted by TheJunction
Mississippi
Member since Oct 2014
1623 posts
Posted on 12/10/24 at 2:17 pm to
Kudos for you. You've got a lot more conviction than I do ha!
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10546 posts
Posted on 12/10/24 at 2:35 pm to
I went long BTC (trade) @ $96,850.
Posted by 21JumpStreet
Member since Jul 2012
14774 posts
Posted on 12/10/24 at 4:13 pm to
I'll pay it off in time for the crash in 2026 and I'm going to do it again

Bitcoin 4 life
Posted by TRUERockyTop
Appalachia
Member since Sep 2011
16569 posts
Posted on 12/10/24 at 10:14 pm to
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 by 98eagle
Member since Sep 2020
2643 posts
Posted on 12/11/24 at 10:58 am to
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 by Iowa Golfer
Heaven
Member since Dec 2013
10546 posts
Posted on 12/11/24 at 11:22 am to
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.
This post was edited on 12/11/24 at 11:23 am
Posted by 98eagle
Member since Sep 2020
2643 posts
Posted on 12/11/24 at 11:40 am to
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 by boomtown143
Member since May 2019
9407 posts
Posted on 12/11/24 at 12:41 pm to
Posted by 21JumpStreet
Member since Jul 2012
14774 posts
Posted on 12/11/24 at 2:19 pm to
Saw an old video microsoft saying they have phones and they aren't buying into the hype of the iphone
Posted by CE Tiger
Metairie
Member since Jan 2008
41788 posts
Posted on 12/11/24 at 9:53 pm to
Link pumping until it gets rejected at $29 and smashed back down to $24
Posted by TheJunction
Mississippi
Member since Oct 2014
1623 posts
Posted on 12/11/24 at 10:36 pm to
Plz don’t say that.
Posted by TheJunction
Mississippi
Member since Oct 2014
1623 posts
Posted on 12/11/24 at 10:37 pm to
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 by CE Tiger
Metairie
Member since Jan 2008
41788 posts
Posted on 12/11/24 at 10:46 pm to
If we’re gonna pretend then add a zero please
Posted by TheJunction
Mississippi
Member since Oct 2014
1623 posts
Posted on 12/11/24 at 10:48 pm to
Ha! I’ve seen 90 thrown around. Don’t want to seem greedy though, I’d settle for 70.
Posted by CE Tiger
Metairie
Member since Jan 2008
41788 posts
Posted on 12/11/24 at 10:51 pm to
$225 puts it at the marketcap of XRP where it should be
Posted by CE Tiger
Metairie
Member since Jan 2008
41788 posts
Posted on 12/11/24 at 10:59 pm to
Posted by Huge Richard
Member since Dec 2018
3990 posts
Posted on 12/11/24 at 11:19 pm to
BIG
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10546 posts
Posted on 12/12/24 at 12:50 pm to
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 by Iowa Golfer
Heaven
Member since Dec 2013
10546 posts
Posted on 12/12/24 at 1:50 pm to
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 by CE Tiger
Metairie
Member since Jan 2008
41788 posts
Posted on 12/12/24 at 3:59 pm to
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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