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HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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February 21, 2021, 12:00:51 PM |
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It’s nice that you want that, but the banks aren’t going to give a fuck about anything except Bitcoin. God knows XRP tried for 8+ years and got nowhere.
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somac.
Legendary
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Activity: 2056
Merit: 1188
Never selling
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February 21, 2021, 12:29:01 PM |
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For anyone considering selling covered calls, just keep in mind this could be a very expensive decision
There is an outside chance that Bitcoin could go to crazy number this year. A $3.5k payment for giving away all the upside on a $200k sale in December 21 may not be a very good deal at all. It’s only a good deal if you are happy selling at $200k no matter what. Because the price could be $500k at that time. In that scenario, you just lost $296.5k in value.
Yes this is the risk, one has to remember you are doing this for the income and will forgo, if necessary capital gains. However, your example is not the best. Right now you could earn 3.5k on an option with strike price of 60k that expires in 2 weeks (5th March). Or, 3.2k an an option with strike price of 72k that expires in a little of 4 weeks (25th March). These 2 I mention also offer capital gains if the price expires over the strike price. I would only sell one month options at most.
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philipma1957
Legendary
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Activity: 4116
Merit: 7849
'The right to privacy matters'
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February 21, 2021, 12:31:55 PM |
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already over 2x page parity It will reach 10x page parity before 2023 I bet. We are aiming for post parity. Impossible! Read my take on gold asteroids Nasa is going to land on one in 2022. There is at least 1000x the gold mined on earth on the asteroid. It is recoverable and can be shipped back to earth. This means gold loses its value as a storage of wealth, But gold batteries vs lead batteries weight about the same lead rots and battery dies in under 5 years. Gold won't rot the battery will last 100-200 years. Elon Musk pushing a space travel deal with Nasa= fact Elon Musk has electric cars = fact Elon Musk purchased 1.5 billion Usd worth of BTC = fact Ford to go all electric in Europe by 2030 we have about 550,000 posts = fact If BTC had gold's makes cap it would be worth 550,000 to 600,000 a coin = fact Many years ago 1880 -1920 cars replaedc the horse and carriage We may be seeing the electric car replace the gas car asap by 2030-2035 Stick with oil/gas/coal and go the route of the dinosaurs. Or join the space force (trumps idea) and evolve. So 565k to 600k in under 2 years is not impossible if my case above is what is happening right here and right now. Stack and hodl your btc.
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tertius993
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February 21, 2021, 01:11:37 PM |
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already over 2x page parity It will reach 10x page parity before 2023 I bet. We are aiming for post parity. Impossible! Read my take on gold asteroids Nasa is going to land on one in 2022.There is at least 1000x the gold mined on earth on the asteroid. It is recoverable and can be shipped back to earth. This means gold loses its value as a storage of wealth, But gold batteries vs lead batteries weight about the same lead rots and battery dies in under 5 years. Gold won't rot the battery will last 100-200 years. Elon Musk pushing a space travel deal with Nasa= fact Elon Musk has electric cars = fact Elon Musk purchased 1.5 billion Usd worth of BTC = fact Ford to go all electric in Europe by 2030 we have about 550,000 posts = fact If BTC had gold's makes cap it would be worth 550,000 to 600,000 a coin = fact Many years ago 1880 -1920 cars replaedc the horse and carriage We may be seeing the electric car replace the gas car asap by 2030-2035 Stick with oil/gas/coal and go the route of the dinosaurs. Or join the space force (trumps idea) and evolve. So 565k to 600k in under 2 years is not impossible if my case above is what is happening right here and right now. Stack and hodl your btc. Do you mean the OSIRIS-Rex mission? If so it is already on the asteroid and due to return to earth in 2023, however, it is only targeting bringing back 60 grams of material ... I think it will be a LONG time before there is any commercially viable mining of asteroids ... decades at least. As far as I can tell (relying on the power of Google) there are no other sample return asteroid missions planned. Don’t disagree with your assessment of the transition to electric cars ... indeed I am planning what I expect to be my last ICE-car purchase now, however, I don’t think gold will be sufficiently abundant for it to replace lead in batteries in my lifetime. Additionally I feel that there are quite entrenched forces that would be against such a transformation in the gold markets.
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uninterestedparty33
Newbie
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Activity: 16
Merit: 2
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February 21, 2021, 02:15:04 PM |
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For anyone considering selling covered calls, just keep in mind this could be a very expensive decision
There is an outside chance that Bitcoin could go to crazy number this year. A $3.5k payment for giving away all the upside on a $200k sale in December 21 may not be a very good deal at all. It’s only a good deal if you are happy selling at $200k no matter what. Because the price could be $500k at that time. In that scenario, you just lost $296.5k in value.
Yes this is the risk, one has to remember you are doing this for the income and will forgo, if necessary capital gains. However, your example is not the best. Right now you could earn 3.5k on an option with strike price of 60k that expires in 2 weeks (5th March). Or, 3.2k an an option with strike price of 72k that expires in a little of 4 weeks (25th March). These 2 I mention also offer capital gains if the price expires over the strike price. I would only sell one month options at most. Options are still hard for me to grasp. As far as I understand the moment you try options, you are 'naked' buying and selling and that is very bad. How do you cover?
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Phil_S
Legendary
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Activity: 2091
Merit: 1461
We choose to go to the moon
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February 21, 2021, 02:31:00 PM |
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Nasa is going to land on one in 2022.
Nope. It is recoverable and can be shipped back to earth.
Nope.
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Poker Player
Legendary
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Activity: 1372
Merit: 2015
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February 21, 2021, 02:41:34 PM |
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I am wondering if there are many bitcoinaires in this thred. I suppose you wouldn't disclose it, but I bet there are already some and that there will be more as price rises.
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bitcoinPsycho
Legendary
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Activity: 2478
Merit: 2077
$120000 in 2024 Confirmed
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February 21, 2021, 02:43:33 PM |
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I am wondering if there are many bitcoinaires in this thred. I suppose you wouldn't disclose it, but I bet there are already some and that there will be more as price rises. There has been many boating accidents in this thread and many of us have lost the lot
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AlcoHoDL
Legendary
Online
Activity: 2366
Merit: 4160
Addicted to HoDLing!
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February 21, 2021, 02:46:18 PM |
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I am wondering if there are many bitcoinaires in this thred. I suppose you wouldn't disclose it, but I bet there are already some and that there will be more as price rises. There has been many boating accidents in this thread and many of us have lost the lot Too right! Not counting Kebabs.
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ivomm
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Activity: 1852
Merit: 2841
All good things to those who wait
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February 21, 2021, 03:00:03 PM |
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Phil_S
Legendary
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Activity: 2091
Merit: 1461
We choose to go to the moon
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February 21, 2021, 03:00:22 PM |
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xhomerx10
Legendary
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Activity: 3836
Merit: 7991
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February 21, 2021, 03:13:21 PM |
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What's wrong with mainstream media ? Are they falsely reporting these opinion about bitcoin Michael Smerconish is a former Republican turned independent in 2010 - this was an informal poll located on his website smerconish.com - normally his questions get between 7k and 9k responses but it's about as representative of the general public as our formal WO polls. Hands up if you've ever heard of Smerconish... that's what I thought. Fuck him for publishing the results of this invalid poll on CNN. He announced it on his twitter account - sending people to his site with no direct link ie smerconish dot com and giving them one day to vote. The funniest part is this: I thought Stolfi had died. Huh. Good news though. More corn for us!
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xhomerx10
Legendary
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Activity: 3836
Merit: 7991
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February 21, 2021, 03:14:19 PM |
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Red sunday incoming
You on your period? That was awesome. Merit when I get some
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xhomerx10
Legendary
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Activity: 3836
Merit: 7991
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February 21, 2021, 03:17:15 PM |
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What's wrong with mainstream media ? Are they falsely reporting these opinion about bitcoin What's wrong with them? A shorter answer would be what's right with them, especially the Clown News Network. If their scrutinising of the current president was any softer they'd literally place him in a soft play area during questions. ----------- Nice Sunday pump, heading back to ATH. 60K going to be revealed today? Too focused to even look. I've got my laser eyes on the 100k prize. I'll come back to this post later though
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macson
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February 21, 2021, 03:27:04 PM |
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happy expression of a girl when she saw the BBC.... BTC I mean
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Slot Kid
Member
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Activity: 72
Merit: 57
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$100,000 per BTC is coming, I can sense it. Something like $300,000 by the end of 2021 would not be a big surprise. It’s vitally important we don’t get seduced by the diminishing power of the $ & end up selling too much bitcoin though.
Sure many of us want to extract life changing money out of bitcoin in this bull run but never sell all your bitcoin. It’s too good of a hedge against the tyranny of fiat monopolisation by greedy, corrupt, incompetent governments.
Sell some but HODL a good %.
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Torque
Legendary
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Activity: 3556
Merit: 5041
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February 21, 2021, 03:45:38 PM |
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Not if you include the completely ridiculous premium on gold rn. And good luck even finding a kilo of gold in stock, anywhere. Another reason that Bitcoin will beat PMs: bitcoin is available to be purchased (and sold) anytime, anywhere, 24/7/365.
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