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Number of Posts:1949
Registered on:9/20/2020
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I wonder if not ever playing the game is a benefit? I never played it, and really enjoyed how I couldn't anticipate what was going to happen next, except whatever was going to happen was going to be pretty cool and usually totally unexpected. For those who have played the game, I suppose it was s...

re: Official CryptoTalk Thread

Posted by 98eagle on 4/19/24 at 9:04 pm
So far there is no "sell the news" pullback. If Bitcoin at least holds $63K through Monday with no dip at all, that's very impressive and perhaps Bitcoin starts it's post halving rapid ascent sooner than expected. It normally takes a few months after a halving to take off. In my opinion, Bitcoin's...

re: Official CryptoTalk Thread

Posted by 98eagle on 4/14/24 at 1:23 pm
[quote]ITrust[/quote] Sounds intriguing. The big downfall for me is likely the 1% fee if that is on a per trade basis. Also wish there was a way to trade BITX, BTFX and BITO on a 24 x 7 basis. Still ITrust has some merit. Thanks for sharing....

re: Official CryptoTalk Thread

Posted by 98eagle on 4/14/24 at 9:05 am
[quote]Pretty incredible buying opportunity if you have capital to deploy. [/quote] Exactly, If Bitcoin is still down or worse on Monday morning, I'll happily be trading and hoping for a continued but volatile zig zag upward trend to the moon. ...

re: Official CryptoTalk Thread

Posted by 98eagle on 4/13/24 at 7:55 pm
I'm buying BTFX on Monday as long as Bitcoin is under $67K. I just hope Hong Kong doesn't make their Spot ETF announcement before the US market opens Monday morning. Best thing that could happen is that Bitcoin is still depressed due to the Iran news and is in the $60K -$65K range in time to buy B...
[quote]Well, when he cuts his grass he tends to cut about 3' into my yard. [/quote] In our previous house, it was on a slightly steep slope (maybe 30°) at our property line with a neighbor. That area was partially shaded from trees on both of our properties but still enough that we both had grass ...

re: Official CryptoTalk Thread

Posted by 98eagle on 4/12/24 at 8:46 pm
[quote]Yikes[/quote] Typical reaction from most folks, but this is exactly how Bitcoin behaves. Bitcoin is still up over 50% year to date, and the post Bitcoin halving parabolic run hasn't even started. It never goes up in a straight line. It's always been volatile although the pullbacks are more...
Most banks just get a wiff of a possible rate cut 20 years from now and they will immediately cut interest rates. But if the Fed raises rates 0.5% it might take a month before a bank raises your interest 0.35%. Conversely, banks lending rates change in the opposite way. They're super quick to ...

re: Official CryptoTalk Thread

Posted by 98eagle on 4/8/24 at 8:49 am
Now waiting on Morgan Stanley and/or UBS announcements. If we push past $73.7K and sustain it, watch out. Rocket engines are likely warming up. EDIT: Looks like Bitcoin might possibly slump until May due to the halving "sell the news" and government tightening liquidity until May 1st as explaine...
In a rural area with acreage such as yours, lots of outdoor lighting (rope lighting, quality solar lights, wired floodlights and spotlights with a variety of timers, photo sensors, motion detectors and remote control). Lots of feature rich outdoor security cameras. Shooting range. Fish clea...

re: Recommendations for snakes in yard

Posted by 98eagle on 4/7/24 at 10:45 pm
Possums enjoy eating and are great at eating all snakes they come across and are resistant to snake venom. They also kill an estimated 5,000 ticks a season and catch and eat cockroaches, rats and mice. So if you have possums around don't actively run them off. They won't harm your kids or your pets...

re: Official CryptoTalk Thread

Posted by 98eagle on 4/7/24 at 3:16 pm
I'm a lot more optimistic. I think the biggest Bullish point is not elaborated to the extent it will likely evolve to on your list and will overshadow all of the Bullish and Bearish points by a long shot, taking Bitcoin on a long running rocketship ride later this year. Although the Bitcoin Sp...
Air just took the NC State guy down ...

re: Official CryptoTalk Thread

Posted by 98eagle on 4/2/24 at 6:07 pm
Thanks Iowa Golfer for your knowledge and input. I've been arbitrage trading volatility between the Leveraged Bitcoin 2X Derivatives (BITX, BTFX) and the Spot Bitcoin ETFs (FBTC, IBIT, etc) which own Bitcoin and track it's percentage gains/losses approximating 1X by buying or selling Bitcoin daily ...

re: Official CryptoTalk Thread

Posted by 98eagle on 4/2/24 at 3:25 pm
I need to look at this closer for time decay, especially like in your question, if it took Bitcoin two months to recover. Everything I am doing so far is pretty quick recoveries, i.e, 2 weeks, 1 week, or less and I am not noticing any decay. Maybe a prolonged recovery in months might be an issue f...

re: Official CryptoTalk Thread

Posted by 98eagle on 4/2/24 at 10:16 am
BITX, BTFX and the brand new ProShares BITU are all leveraged 2X derivatives. They all track Bitcoin at 2X whatever Bitcoin does. On pullbacks I sell some of a Spot ETF and buy one of these 2X derivatives. Then when Bitcoin recovers, I reverse the trade. It's like free money once Bitcoin gets ...

re: Official CryptoTalk Thread

Posted by 98eagle on 4/2/24 at 9:19 am
I am following my strategy again. I just sold a lot of FBTC and used those funds to buy BTFX when Bitcoin was right at $65K. I will sell that same amount of BTFX and repurchase FBTC when Bitcoin surpasses $71K no matter when that happens. It's like a nice big free dividend. I really like this vol...

re: Official CryptoTalk Thread

Posted by 98eagle on 3/29/24 at 9:25 pm
[quote]I hope to do a lot more on the BTC ETF's but my Vanguard account does not allow it yet. May have to look into switching to Schwab.[/quote] This is not investment advice and is just information that I have collectively read. Just wanted to say that since you said you hope to do a lot mo...
I was watching the race on TV. The crash didn't seem like it would be bad enough to kill a driver when I was watching it live. I figured Dale was going jump out and be pissed off walking across the track. However after a minute, I started getting worried. It still seemed like it couldn't be true....