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48 Hours? Smart man. I moved firms and that money is still stuck in cash :( so whatever I made on bitcoin this year (smart mistake), I did not make on holding equities (stupid mistake)

I think I have questioned you about saying "thank you" at some point, but otherwise asking questions is the most welcome trait. The point I am trying to make is that making money is hard enough as is. Once you add the cognitive biases (take any, from ambiguity bias to zero-sum bias) it gets...

What did you parents do back in the old country? Did you come to this country illegally and had to work menial jobs just to survive? Do you even know what “below poverty level” actually means? I have no illusions about my success being mainly attributable to luck. Yes, I came to this country...

How about addressing it differently? What is the source of alpha and what do you perceive as the risk to the portfolio? Did you pick the right single stocks which outperformed the market? In that case I’d just short some index or, alternatively, put on a risk parity position (buy some bonds)...

According to my former employee, it’s called the “thermo-rectal cryptanalysis”

I doubt that is really true (despite the fact that my best years were the most volatile ones) for various reasons, but that’s really besides the point here. Ok, so everyone is bearish, fine. So why aren’t majority of threads in crypto go like “I am bearish on crypto because of X, Y and Z -...

This thread has little to do with the state of the markets and it definitely has nothing to do with the bitcoin. I am just trying trying to get my head around what seems to be the key behavior bias here - stubborn desire to be right at all costs. Personally, I would love to be proven wrong and...

This is going to be a rant. If you don't like rants, flee now. Also, I am sure it's TLDR Its been a recurrent theme on this forum lately. Arguments go in circles and eventually devolve into a few boys trading insults. Nobody cares about the truth, it's about being right. For fuck sake, this is...

I am not sure what exactly is implied by "brain washed". I have educated myself enough about the technology to believe that there is a fair probability this will be the next big thing. Is it guaranteed? By no means. I am very sober about the risks of owning crypto (which is why my "allocation"...

First of all, people have been making diamonds out of coal and, apparently, it did not really effect the price of the stones. Pretty much anything that's perceived as a store of value can be amply replaced by something else yet these perceptions stick around. Copper is just as shiny as gold and...

I think at these levels of call vol, trading a collar is not the best idea. Maybe something ratio-like where you give up a bit on a small decline but get fully protected in a big selloff?

Diamonds have no intrinsic value, yet every woman out there is actively twisting the testicles of her significant other to get her a diamond ring. If something is an accepted store of value, it becomes a store of value - a tiny sketch by Picasso looks like doodles of a drunkard, yet...

Well, that's a given - more people want an asset, the asset will cost more :) however, the network value grows exponentially while a most financial assets have a tendency to "mature". Personally, I think eventually bitcoin will be "adopted into boredom" by the Wall Street and the saga will end...

whatever splits happen, I still got those coins in my account :)

On the fair side, there are problems with applying the logic of network value to financial assets. PS. apparently I own both BTC and bitcoin cash.

Most probably. What reasons do you see for contagion at this stage? This is an asset that has a market cap of a large(r) single company (what is it, 260 yards at the moment?) and there are no leveraged players (at least not yet).

Well, I bought 5 coins when there were trading for 575 or something like that. Never bothered to look at the MtM and still do not care enough to watch it. For me it's a convexity play. This said, if it was a significant portion of my net worth, I might have behaved differently. Intrinsic value...

Well, it's almost always a tradeoff between time spent and PnL received. On something illiquid and volatile, it would be hard to scale it to the point when it makes enough money to compensate for the time. The options will likely be on futures or on the index (which will be on de-facto futures...

I did say "sane" :)

I can’t imagine a sane person that would make markets in volatility on this beast. Even if you call the vol right, between gaps, unpredictable liquidity and uncertain regulatory future, most people will stay away