Short 5-10% in ~1% increments until the reversal then buy back. Worst case the losses are tiny (after re-buy at higher level). Best case you've got 20 to 40% more corn.

I don't see $1k with all the investment banks buying in behind the curtain though. Would take some braindead OTC whales to trade at that price.


100x?

When x80 short?

Called it the other day. Was printing money with altcoins rallying and BTC trends have been converging towards flatness. Two very compelling buy signals for BTC. I can still see us going down, but in the short-term thanks for the free corn. Sure feels like FOMO though, as it becomes increasingly evident that institutions are accumulating. At this rate that whole MMO thing might actually work out. Aw jeez forever dot com.

I don't get the point of those headlines. Technically higher population means higher amount of students thus increasing student debts. Without all the details about rates of repayment and where the money comes from those types of headlines are pretty pointless. I'd be more worried about the dollar printing press than increasing absolute debt (not that I know or care enough about the debt market to make any claims for or against it).

For reference. One billion students taking out a loan of $1000 would amount to total student debt of one trillion. And $1000 is an amount that nearly anyone could pay off with interest in their lifetime. No details, no information.

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Nice meme.

A few of my friends, who were watching from the sidelines for the past years, have started showing real interest in the past few weeks (following the dump from 6k). And I mostly run around nerd circles, so perhaps this 'delayed' increase in activity could be a sign of fresh casual blood FOMOing in?

Alternatively Craig & Co trying their playbook again.

Double post due to edit:

Most ICOs have been profitable if you even partially dumped the pumps.

Profitable products? Don't think so, but keep in mind that startups generally take a few years to generate profit (if they survive). Edit: There's at least one hedge fund that outperformed the market on the way up and down (bigger gains, lower losses). Went from ~3m to ~6m and now sitting at ~4m. Started late 2017.

There are a some ICOs that look promising if you care about profits, although they're technically not aligned with the vision of Bitcoin, but rather mass adoption of crypto in general.

Then some that could work out with decent ideas, but ultra high risk due to marketing and adoption and the imminent threat of bankruptcy due to bear market.



That's been my game for a while now. Variable 10-40% in alts (depending on how hard they moon and how fast I dump) and skimming profits over to the BTC trading and BTC long stashes. Very pleased with the results and the on-going thrill despite bear markets.

I wouldn't be so sure about that. It would probably at least be much more cut throat though, as most people should've realized that buzzword filled toilet whitepaper doesn't mean shit. That could also imply more absurd gains for those that do make the cut, with even steeper losses for full blown trash.

Not if you don't close the long. Reopening with half the profits at 40x would be quite a hefty gamble, but sensible. What you're doing implies a mentality that'll lead to more losses than you're prepared to handle. I hope for you that I'm wrong and wish you all the best, but damn.

The difference is that non-physical Bitcoin instruments will merely be like betting on the outcome of a horse race. They're unlikely to have a significant impact on the market as it matures.

I don't have any experience with it, but chances are that it works well in more or less sideways markets or predictable channels, and gets wiped-out during bull-runs or dumps. Also, if you can buy the bot it probably sucks, because otherwise there would be no incentive for anyone to sell and thus ruin their own profit margin. And Gunbot licenses are pretty cheap, so I wouldn't expect much from it in the first place.

The second sounds pretty bullish to me. Especially considering that JPM got caught red-handed buying Bitcoin after calling it a scam/ponzi.

This would require a collaborate effort by every single government in the world of Economies that actually matter. Otherwise there will be individual countries not going that route, which would simply cause the windfall to exclusively benefit those that do not treat freedom of choice as treason.

In short, interesting to think about, but almost surely irrelevant when it comes to realistic outcomes.

y house gone

Sewage? In the spirit of Jenkem.

Sure, but faster and cheaper transactions aren't a stretch. In good parts of Europe "real-time" wire transfers have just arrived, and they are neither free nor do they transfer to an arbitrary recipient. Exchange rates eventually becoming redundant with global adoption is anything but a stretch as well. It's just a matter of infrastructure, and where there is money to be made people will build.

Touché.

Technicals got pushed over the edge and we're going up (I'm still not really buying it though). Whales and MSM will be claiming major news. Just like they claimed major doom for the past year. If not now, then soon.

The nerd in me just creamed his pants.