- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Official CryptoTalk Thread
Posted on 3/3/25 at 2:03 pm to Hateradedrink
Posted on 3/3/25 at 2:03 pm to Hateradedrink
If we aren't going up, I want to go down so I can buy more. I just hate sideways.
1
Posted on 3/3/25 at 2:06 pm to Hateradedrink
quote:
It’s looking pretty bull-trappy to me right now
Yeah, same. barf.
Posted on 3/3/25 at 2:58 pm to Naked Bootleg
Up 20% one day to down 17% in one day on SOL lol.
Posted on 3/3/25 at 3:24 pm to spaghettioeauxs
Wish I sold XRP yesterday when it was $2.90s. Dropped .60 today
Posted on 3/3/25 at 8:10 pm to I Love Bama
Same. Sideways sucks. Give me up or down.
Posted on 3/3/25 at 8:28 pm to BottomlandBrew
If we get 70k-80k for a couple weeks I’ll buy so much corn that it will make Michael Saylor blush.
Posted on 3/3/25 at 9:06 pm to beaverfever
I read an article this morning saying we were going back to 70k before the next leg up because of liquidity gaps
I didn’t want to believe it but…we might infact be doing that.
I didn’t want to believe it but…we might infact be doing that.
Posted on 3/3/25 at 9:26 pm to Hateradedrink
Yeah have you seen the ~60 day lagging global liquify chart vs bitcoin? It’s been saying this for a couple months. Supposedly it’s a quick bottom and then we’re off again.
My gut is that the sharps/whales know how this works very well and they dump into the market and play a game of chicken with the other big players. Someone flinches and then we rip violently upwards.
My gut is that the sharps/whales know how this works very well and they dump into the market and play a game of chicken with the other big players. Someone flinches and then we rip violently upwards.
This post was edited on 3/3/25 at 9:34 pm
Posted on 3/3/25 at 9:42 pm to beaverfever
It makes sense.
I’m trying to figure how the macro context here factors in. It still feels like a market overreaction to these tariffs. I think it has more to do with the general instability and uncertainty.
Canada openly threatening to turn off the power to various states is pretty wild.
I’m trying to figure how the macro context here factors in. It still feels like a market overreaction to these tariffs. I think it has more to do with the general instability and uncertainty.
Canada openly threatening to turn off the power to various states is pretty wild.
Posted on 3/3/25 at 9:56 pm to Hateradedrink
Bitcoin is basically the ultimate index of how tight or how loose monetary conditions are. If people are uncertain about tariffs they’re really freaking out that commerce will slow, credit will dry up and money will be hard to come by. It’s really all the same thing.
Posted on 3/4/25 at 12:32 pm to bayoubengals88
I might be caught in a bull trap on my last (long call 3/21/25) BTC volatility trade.
For those that remember BOIL has Become Predictable, I looked at natty gas supply (EIA gas in storage) and what appears to be overpriced natural gas and went short (I layered up leap puts). Some of you might want to take a look at gas in storage 5 year averages, upcoming warm weather, increased supply, etc. It's a speculative play.
Back to BTC. First, I'm not a technical trader or very good chart reader, I'm long physical BTC at a favorable cost basis. My volatility trades are just a way to generate some income around what I own.
All this posted, some not germane to BTC, if I'm long BTC at $22K, what say you about a good entry point to acquire more physical, and what you would find an acceptable cost basis? My thoughts, based on nothing right now, is to acquire until I've averaged up (painful) to $50K.
Regarding the volatility trade, do the guys on here that do this think it might finally be over?
For those that remember BOIL has Become Predictable, I looked at natty gas supply (EIA gas in storage) and what appears to be overpriced natural gas and went short (I layered up leap puts). Some of you might want to take a look at gas in storage 5 year averages, upcoming warm weather, increased supply, etc. It's a speculative play.
Back to BTC. First, I'm not a technical trader or very good chart reader, I'm long physical BTC at a favorable cost basis. My volatility trades are just a way to generate some income around what I own.
All this posted, some not germane to BTC, if I'm long BTC at $22K, what say you about a good entry point to acquire more physical, and what you would find an acceptable cost basis? My thoughts, based on nothing right now, is to acquire until I've averaged up (painful) to $50K.
Regarding the volatility trade, do the guys on here that do this think it might finally be over?
This post was edited on 3/4/25 at 12:34 pm
Posted on 3/4/25 at 2:15 pm to Iowa Golfer
quote:
All this posted, some not germane to BTC, if I'm long BTC at $22K, what say you about a good entry point to acquire more physical, and what you would find an acceptable cost basis? My thoughts, based on nothing right now, is to acquire until I've averaged up (painful) to $50K.
I wouldn't worry about your cost basis if you are still years out from wanting to sell any of your actual Bitcoin. Bitcoin will possibly be $500K to $1M by 2030. So in my opinion, any price point in the $100K range is fantastic.
quote:
Regarding the volatility trade, do the guys on here that do this think it might finally be over?
The volatility trade has been great recently and is still alive and well probably for a long time (years). I made more in early 2024 until mid December 2024, then Bitcoin decided to trade mostly sideways and downward until it decided to oscillate around $96K. Now it has had a big drop and recovery and big drop and recovering again. I'm doing well on these higher amplitude pullbacks and recoveries.
With that said, I know you use options for volatility trading, and I just buy and sell between BITX and cash. You likely can make a lot more money with options and perhaps less risk. I just like trading with BITX and cash on multiple open trades, as I have no time constraints on any of my trades. Even my stuck trades with significant unrealized losses all eventually turn into winning trades. I usually have between 5 to 10% of my trading cash invested in any BITX trade so if I have a few trades stuck in a significant pullback, I still have plenty of ammo to capitalize on more trades as Bitcoin keeps falling and or oscillating around lower price points
Posted on 3/4/25 at 2:34 pm to 98eagle
quote:
I wouldn't worry about your cost basis if you are still years out from wanting to sell any of your actual Bitcoin. Bitcoin will possibly be $500K to $1M by 2030. So in my opinion, any price point in the $100K range is fantastic.
At some point, people need to re-tool the thought process once these metrics are hit. For BTC to hit $1M, it is at this point it is, without a doubt, a global asset. We are talking about BTC then being a $21T asset and likely the total of the crypto market near $40T.
This is in the area of "Never" sell territory and by this point, more mature and "safe" areas to leverage against it.
Posted on 3/4/25 at 2:43 pm to Iowa Golfer
Thanks for both replies. Time is definitely an added risk in how I trade volatility.
I lose sight of BTC eventual price levels, and get caught up in the old dynamic of never wanting to average up, Averaging up is against human nature I suspect. It's very much against my nature.
I'm not a huge proponent of DCA, but as it regards BTC I need to start buying more physical BTC on dips, keeping an eye on BTC's eventual assets price, and less of an eye on entry points and cost basis.
Even though I have a small tranche of BTC in the 1,000's, it's still such a new asset it's hard for me to not want to hedge my unrealized gains and hard for me not to worry about a potentially new regulatory environment. For the government to attempt to regulate physical BTC seems misguided. It's not different than any other physical asset in that regard. I understand why they regulated futures and options however.
Since I can't predict the future and don't trust government, it leads me to asking questions to gather other's input that also hold physical BTC and trade it.
I appreciate the discussion n here.
I lose sight of BTC eventual price levels, and get caught up in the old dynamic of never wanting to average up, Averaging up is against human nature I suspect. It's very much against my nature.
I'm not a huge proponent of DCA, but as it regards BTC I need to start buying more physical BTC on dips, keeping an eye on BTC's eventual assets price, and less of an eye on entry points and cost basis.
Even though I have a small tranche of BTC in the 1,000's, it's still such a new asset it's hard for me to not want to hedge my unrealized gains and hard for me not to worry about a potentially new regulatory environment. For the government to attempt to regulate physical BTC seems misguided. It's not different than any other physical asset in that regard. I understand why they regulated futures and options however.
Since I can't predict the future and don't trust government, it leads me to asking questions to gather other's input that also hold physical BTC and trade it.
I appreciate the discussion n here.
This post was edited on 3/4/25 at 2:46 pm
Posted on 3/4/25 at 2:50 pm to Iowa Golfer
The hardest part about DCA is the early phase. You are subject to the volatility in the short term. The only way through it is time.
While I DCA, I do look at the market before I buy as it is still manual for me. Makes me feel better in the short term, but in the end, it's a long term hold. I don't sell.
And again, time is your only friend here is time.
You could probably search this board for back in 2019-2021. Would have been laughed at to say, “one day BTC will CRASH, to $80K”.
With anything, do your best to guard your emotions.
While I DCA, I do look at the market before I buy as it is still manual for me. Makes me feel better in the short term, but in the end, it's a long term hold. I don't sell.
And again, time is your only friend here is time.
You could probably search this board for back in 2019-2021. Would have been laughed at to say, “one day BTC will CRASH, to $80K”.
With anything, do your best to guard your emotions.
Posted on 3/4/25 at 3:39 pm to JayDeerTay84
The atmosphere is starting to feel more and more combustible if we get over this tariff terror 2025 episode.
Posted on 3/4/25 at 3:40 pm to beaverfever
If you’re not entertained by the volatility right now, crypto ain’t for you 
eta: I also agree. If tariffs are “negotiated” and reversed (again), we’re off.
eta: I also agree. If tariffs are “negotiated” and reversed (again), we’re off.
This post was edited on 3/4/25 at 3:41 pm
Posted on 3/4/25 at 3:42 pm to Hateradedrink
Bro I’m like a jumpy racehorse in the starting gate right now. I’m more bullish than I was at 109k and a little bit terrified at the same time.
Posted on 3/4/25 at 4:10 pm to beaverfever
Short term, who knows, but long term, there is just too much news about big players getting in on it like governments, states, big firms, etc. The summit is this friday at the Whitehouse too.
Regardless of the trade war talks, I dont know how the long term view "isn't" bullish.
Regardless of the trade war talks, I dont know how the long term view "isn't" bullish.
Posted on 3/4/25 at 4:11 pm to Hateradedrink
quote:
If you’re not entertained by the volatility right now, crypto ain’t for you
I recall from Iowa Golfer's posts from a few months ago, he was doing very well trading Bitcoin volatility with options. Each of his trades were leveraging like 30X Bitcoin if I recall correctly. So he knows how to rake in major profits. He's also respected nationally with his career in Finance and the economy. He just wants opinions on whether others think the Bitcoin volatility trade is starting to dry up as Bitcoin matures. It's not drying up from my standpoint.
EDIT: You were referring to Beaverfever, another good poster on this board
This post was edited on 3/4/25 at 4:19 pm
Page 2192 of 2201
Popular
Back to top
Follow TigerDroppings for LSU Football News