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    Global Macro Trading Journal

    I think it goes to $3k easily, prob higher. BTC is shit for transfers, BCH is way better
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    Why cant IB allow shorting of BTC futures with a margin requirement of 500-1000%?

    Looks like IB read my thread " What is the Margin Requirement? Outright Margin: The margin requirement for outright long positions will be set at 50% of the prior day's lead month settlement price. In the case of outright short positions, the margin rate for the CFE contracts is currently set...
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    Global Macro Trading Journal

    ICOs per month
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    Ripple

    I bet BCH is the next runner, maybe it wont triple but absent a crash on BTC, BCH to $3k seems quite possible
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    Tether

    I think I understand this more now. It can be a proxy for exchange instability. When your exchange keeps going down, you will want to move funds to another place. You can use LTC/BTC/BCH or Tether to do so. A lot of people will prefer tether because its more stable and carry little price risk...
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    Global Macro Trading Journal

    My max risk budget is 1% in that strategy, as I mentioned, I will be adding more as I find them. Some of them are quite illiquid so its tough to get in without paying a big spread. I also have some fraud filters to make sure I don't get bagged for no reason. But overall, I like this strategy on...
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    Global Macro Trading Journal

    And of course, they will never get sold at a loss. I will ride them down 99.99% but still keep them. Even if they stop being quoted and are delisted, I will still keep the keys, etc. There is just too much about this whole thing that we don't understand, one day one of these might just turn out...
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    Global Macro Trading Journal

    The nice thing about this alt coin strategy is that if they triple or quadruple from here (the entire sector), without any substantial catalyst, I can just pocket 50% of my money and leave the rest. There are 2 ways to win, on fundamentals and if they go into a bubble as the cyclical bounce...
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    Global Macro Trading Journal

    Today I deployed an Alt Coin investing strategy I came up with. I longed more than 40 coins in small amounts (putting in 0.5% of my networth total) and I plan to hold them for years, wont even be checking their quotes much. I cant share the list or my criteria because that is proprietary. The...
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    How to safely store many alt coins?

    Yes, but how to generate a new wallett address? Most of the paper wallet generators don't have the coins I want to hold
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    How to safely store many alt coins?

    I dont want to keep them in an exchange because of hacking risk, hardware wallets dont support them (because they are not one of the majors). The Coinomi app supports many coins but not all of the ones I want. What to do?
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    Which brokers allow bitcoin futures?

    This CBOE futures is a bit of a joke, they only use 1 exchange price to settle the contract. Manipulating the expiration will be so easy. At least the CME will use an average of many exchanges
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    Bitcoin debit card.

    Someone needs to make Bitcoin great again. $14 to move money 'slowly' seems quite high
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    Global Macro Trading Journal

    Yes, I think non-BTC cryptos are the play right now. You take crash risks but at least there is a lot of reward. XRP is probably going to $1, its already up almost 100% in like 1 day. Its VERY hard for BTC to do that. With BTC you risk 50-80% for like 10-20% weekly rewards, with non-BTC cryptos...
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    Global Macro Trading Journal

    LTC $100 just a few days ago, thats the trick. If you time this exponential market exit wrong, you miss out a gain that exists even AFTER the crash. Thats why I`m back at nibbling on cryptos, even though market risks are large
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    Global Macro Trading Journal

    SNL joked about `putting all my money on bitcoin`
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    Global Macro Trading Journal

    Are you long any of the cryptos? How are you trading them?
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    Global Macro Trading Journal

    Its possible that the non-BTC cryptos is where the 'value' due that underperformance. OTOH, its possible that they will just continue to lag while Bitcoin marches on, for a long-time. OTOH, I have held alt coins during BTC dips and they tend to be high beta plays. BTC would drop 5-10% and they...
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    Litecoin

    venmo is only for US residents, I'm not a US-resident
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    Why was 2017 such a bad year for Bitcoin?

    In the last 6 months BTC has trounced 90%+ of cryptos. It all depends on the time period used
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