Bitcoin Thread

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biometrics said:
Can anyone explain these sudden drops or rises? Surely normal trading goes in increments, you can't control all the exchanges at the same time. For some time this has looked like outright fraud to me.
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This is the actual True dynamics of the free market, not that which we have become accustomed to. Whether this is good or bad is up for discussion.
 
*SynergyX* said:
abit early we were.....;)
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Didn't make as much as last night. The drop on Luno was too slow and staggered. Will wait for a rebound now as it's too dangerous trying to trade at these low levels (R115k). The price can easily jump because loads of people who sold need to rebuy but there isn't much supply below R120k.
 
We're all getting rekt, lol. I'm using debt to buy Bitcoins once it reaches R50k and lower. Buy the dip, and be greedy when everyone's fearful, be fearful when everyone's greedy.
 
yeah geez wonder how far this will go.. gonna buy at 72 if it reaches thereto make up for the last time i didnt buy there
 
If it gets near R60k I'm mortgaging my house and buying, unfortunately (or fortunately) I don't own a house
 
Sly21C said:
We're all getting rekt, lol. I'm using debt to buy Bitcoins once it reaches R50k and lower. Buy the dip, and be greedy when everyone's fearful, be fearful when everyone's greedy.
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cant get rekt if you hedge with shorts:D
 
*SynergyX* said:
my target is still below 9000....came sooooo close.:twisted:

will close my some short positions here and look for entry again
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closed 80% position....

waiting to see for a bounce betweek 9.2 - 9.4 to short again.
 
The point of hedging is to come out neutral. You may as well invest in a money market account or fixed deposit in that case.
 
Sinbad said:
The point of hedging is to come out neutral. You may as well invest in a money market account or fixed deposit in that case.
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well it really depends on how much actual btc you are holding ... and im not holding any..

have bunch a **** coins... but they still up a fair bit.
 
Sinbad said:
The point of hedging is to come out neutral. You may as well invest in a money market account or fixed deposit in that case.
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Hedging on crypto for me doesn't make sense. It's either you invest to make a huge pile of money or lose a whole lot. No neutrality......
 
Sinbad said:
The point of hedging is to come out neutral. You may as well invest in a money market account or fixed deposit in that case.
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Imagine this scenario:

Bitcoin costs $10 000 and is volatile and looking to head down.
I decide to reduce risk and hedge into USDT.
Bitcoin drops to $5000.
I buy back into bitcoin with USDT and increase my bitcoin holdings.

The point of hedging is to reduce losses / insure yourself against some (usually negative) market-related event. Why not try to come out in a better position? Or is there an issue with the use of the term 'hedging' here?
 
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Sly21C said:
Hedging on crypto for me doesn't make sense. It's either you invest to make a huge pile of money or lose a whole lot. No neutrality......
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if you haven't figured out by now that BTC is still very far from being an 'investment' then you are in denial.

sure it has the potential to be one day.... but the distribution that is taking place could take some time (years maybe??)
 
You can hedge by not going all in when buying or selling. Divide trades up into several positions so if the price runs away you can sell or buy some back at a loss but still end up in the same or better position.
 
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