BITCOIN
- Thread starter Weather Man
- Start date
I got spooked out of my last bit of BTC today as all indicators were heading down...then it reversed lol. Not enough to matter much, yet...but man that'll piss ya off.
I'm gonna start looking into the ETFs. Anyone have a favorite so far? I like to chart on TOS and will get much better fills this way. I hate the fees on crypto
I'm gonna start looking into the ETFs. Anyone have a favorite so far? I like to chart on TOS and will get much better fills this way. I hate the fees on crypto
I would stick to IBIT or FBTC.
These breakdown charts are just fascinating to see.
So the entire space added 4.5% of its total bitcoin holdings while price came down15%
From here looking forward we want to see any change in acceleration/deceleration
Need to be at 680K plus bitcoin held by the end of next week … if we see 660s then we can see just how quickly the accumulation is slowing.
Where are you going to get these charts from?
These breakdown charts are just fascinating to see.
So the entire space added 4.5% of its total bitcoin holdings while price came down15%
From here looking forward we want to see any change in acceleration/deceleration
Need to be at 680K plus bitcoin held by the end of next week … if we see 660s then we can see just how quickly the accumulation is slowing.
Where are you going to get these charts from?
I'm assuming it means a few things:
1 - ETFs are not driving the market
2 - Other large whales are selling simultaneously
I wonder if CZ/Binance is also selling.
Are ETFs buying off the market bitcoin straight from miners or some other source?
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Even dirtier… the companies that own the ETFs also own significant stakes in miners.
So most I would guess is coming from the miners…. But wait… there’s more!!
They force the miners to do offerings and sell stock to keep the operation running.
So people, buying the dilution from RIOT, MARA and others are offsetting the cost of the BTC being transferred up chain to parent ETF companies.
They’re basically getting free bitcoin by having the public subsidize it.
It’s all free gravy for them… up/down or sideways.
i use a pretty specific set of MA(9, 18) and MACD(wilders, 9,26) and thinkorswim didn’t have BTC or ETH even listed available to chart.
i will sometimes buy out of Robinhood or Webull because when i don’t trade that balance is earning 5% for the time being. but the charting for me really needs to be done on TOS or it’s just off. i tried KuCoin and it was close-ish.
those things look like all the IPOs in the last year or so lol. thanks for the heads up on the tickers, added to watchlist
sounds like FTX might have sold all of their GBTC!
People find value in #Bitcoin
because it is the highest form of property a person can own. Bitcoin…
1. Can’t be debased because nobody can create more of them.
2. Can’t be confiscated from the owner when properly stored.
3. Has no property tax.
4. Is digital so it has no maintenance costs.
5. Has a very low cost to store securely.
6. Can be taken anywhere because it’s digital; not tied to any one jurisdiction.
7. Is cheap and easy to exchange.
8. Can’t be “shut down” so you know it will be here forever.
9. Has no single point of failure, so you know your savings are secure, forever.
10. Has a USD price that is going up faster than stocks, real estate, and bonds. Forever.
As we descend further into the Orwellian abyss...
You’re having a conversation with yourself at this point.
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that's when i do my best work.
best case is low 30s, worst case is high 30s.
Alicia Keys.....I keeeeeep on fallingggggggg
when I said "to the moon", I didn't mean like this
I actually am testing the futures option market here
I bought a whole Bitcoin 41K strike for $300
Expires this Friday… so if bitcoin fails to bounce here I’m out 300, if it even sniffs back over 40K by Friday I’ll end up pretty deep in the money.
This is what I’ve been talking about with rehypothicated paper Bitcoin…. I just bought the right to own out of thin air for only $300.
I bought a whole Bitcoin 41K strike for $300
Expires this Friday… so if bitcoin fails to bounce here I’m out 300, if it even sniffs back over 40K by Friday I’ll end up pretty deep in the money.
This is what I’ve been talking about with rehypothicated paper Bitcoin…. I just bought the right to own out of thin air for only $300.
Maybe a stupid question here, but how much different is this from margin trading on the crypto sites?
It’s kind of apples to oranges
Leveraged trading you would own the underlying (bitcoin) and then would get wiped out or make profit based on moves outside of your predetermined deviation.
Options is similar but you are adding in the delta of time and theta decay for going outside of the money… just a few more Greeks, also you can ladder in different levels so you can create a structure to your trade.
Leveraged trading you would own the underlying (bitcoin) and then would get wiped out or make profit based on moves outside of your predetermined deviation.
Options is similar but you are adding in the delta of time and theta decay for going outside of the money… just a few more Greeks, also you can ladder in different levels so you can create a structure to your trade.
If you bought a 41 strike call, doesn't it have to go over 41K by Friday for you to be in the money?
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