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Number of Posts:2028
Registered on:9/20/2020
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re: Your Biggest Success?

Posted by 98eagle on 7/26/24 at 7:23 pm
Learning a strategy of trading Bitcoin volatility coupled with arbitrage trading Bitcoin derivatives. I'm now making 10 times more (and growing) monthly than my highest monthly take home pay....
I was in my first year of my career working for a large company. I was in management and I was giving a Quality and Safety speech at work in front of a couple of hundred people, mostly union folks, but there were some upper management folks there as well. I was standing behind a podium and I was p...
[quote]Crypto is a modern day Ponzi scheme - another tulip bust. Crypto is not an investment - it is a gamble.[/quote] I'm just glad that I didn't miss out on this Ponzi scheme you speak of. It's still treating me very well....
tenderfoot tigah, it amazes me to see all of the non believers, who are going to miss out on this new asset class. I agree with you. Trump and Elon speaking at the Bitcoin convention this week might light a powder keg. Imagine other countries starting a race to create Bitcoin strategic reserv...

Skywalkers - A Love Story

Posted by 98eagle on 7/22/24 at 10:50 pm
What a great documentary on Netflix. Incredibly brave and totally insane at the same time. Critics are saying Netflix is incredibly irresponsible to show this film. I enjoyed it but it can make you feel fear, queasiness and anxiety watching it and makes you want these young thrill seekers to stop ...

re: post yardwork beverage

Posted by 98eagle on 7/20/24 at 8:44 pm
I like a large glass of Koolaid on ice. Either lemonade, grape or watermelon....
I've pulled out a bunch of small tree and bush stumps using a come along winch with a tow strap and either an axe or a small reciprocating saw. ...

re: Twisters

Posted by 98eagle on 7/20/24 at 8:41 am
Sharknado is the GOAT twister movie. Hundreds of sharks sucked out of the ocean by tornadoes and also hungry and vengeful for humans. People fight back with whatever weapons they can find, like chainsaws and machine guns. The Sharknado series of movies includes romance and even astronauts getting...

re: How would you invest $100,000

Posted by 98eagle on 7/16/24 at 5:10 pm
BITO. Tracks Bitcoin growth and pays a monthly dividend that is bigger than any stock or dividend fund....

re: What's your favorite movie scene?

Posted by 98eagle on 7/15/24 at 9:43 pm
Midway (2019). The scenes of brave US Navy fighter pilots dive bombing the Japanese Carriers at Midway are so incredibly realistic. Must see if you didn't watch the movie, and makes you proud to be an American and thankful for extraordinaryly brave men like Squadron Commander Richard "Dick" Be...

re: Official CryptoTalk Thread

Posted by 98eagle on 7/15/24 at 3:53 pm
You're welcome. The other interesting thing about my strategy is how it makes me feel somewhat indifferent about Bitcoin's price action. I really want Bitcoin to go way higher in a parabolic way, but I don't get down and out when Bitcoin has a small or large pullback. In this cycle, I just know t...

re: Official CryptoTalk Thread

Posted by 98eagle on 7/15/24 at 11:14 am
Just reversed my final trade of BITO to BITX from last Thursday locking in a nice 9.5% gain of BITO shares without using any new capital. I hope Bitcoin continues to rise dramatically, but when it does have its next pullback of at least $1K I will be waiting to start incrementally selling BITO for ...

re: Official CryptoTalk Thread

Posted by 98eagle on 7/12/24 at 12:55 pm
There's always going to be positive and negative news with Bitcoin. It's non-ending. Pressure from Germany was a 100% sell of their Bitcoin. With Mt Gox, it's only $9B of BTC being returned to some of the original Bitcoin traders that liked Bitcoin 10 years ago. I bet no more than half of that ...

re: Official CryptoTalk Thread

Posted by 98eagle on 7/12/24 at 8:40 am
[quote]If I were to do this I'd do this with options.[/quote] Good point. You can definitely do much better with options and with less capital and less risks if you know what you are doing. I'm just addicted to that large BITO dividend and my strategy works for me. My BITO shares and cash pile ...

re: Official CryptoTalk Thread

Posted by 98eagle on 7/12/24 at 8:00 am
[quote] could you explain this strategy? I am aware of BITX's 2x correlation but I'd like to know more about your strategy in terms of BITX/BITO.[/quote] [b]Disclaimer: [/b]I am explaining my strategy. You can lose money trying to copy it, so proceed at your own risk if you make your own decisi...

re: Official CryptoTalk Thread

Posted by 98eagle on 7/11/24 at 6:01 pm
[quote]Germany should be done selling by Friday (they have sold half). If we are anywhere close to 60k after they finish I am going to get much more bullish.[/quote] Looks like you are correct. Germany accelerated their selloff and have decreased from 50,000 BTC to 4,925 BTC in just over three w...
Link not found. Is the original video available elsewhere?...

re: Official CryptoTalk Thread

Posted by 98eagle on 7/7/24 at 10:45 pm
I honestly will make more money in the long run the lower Bitcoin opens tomorrow. I'm indifferent though and just trade like an unemotional robot soley based on Bitcoin's current price. I ultimately want Bitcoin to rise to astronomical prices. On the way up, I just want Bitcoin to rise in a volat...

re: Official CryptoTalk Thread

Posted by 98eagle on 7/7/24 at 3:24 pm
Holding and buying the dips like what you are doing is a very good plan in my opinion. Definitely a lot better than what many of those who trade on fear are doing. Another point about Good News, Bad News. The US and German governments have approximately $9B between them in confiscated Bitcoi...

re: Official CryptoTalk Thread

Posted by 98eagle on 7/7/24 at 2:40 pm
Okay, it's not a buy back. The point is, there is always competing good and bad news for Bitcoin that people, particularly weak handed newbies react emotionally to and that drives their panic selling or panic buying. I guess if the Fed news this week is more dovish for a rate cut, then we will see...