Bitcoin bottom here at 20k....? (June 19th)

atmaweapon said:
I have an account there for about 2 years now. They just hold your money. Celcius was different they were doing some other crap where they invested it and you earned interest on it or something. Uphold may be doing that too on some coins - but you can also buy and sell - it's an exchange, like merril. I know im some random guy on the internet but you can research it. I just have my crypto sitting there crashing like everyone elses is lol
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I don't understand. Isn't CoinBase also an exchange, yet they revealed in their quarterly report last month that in the event of a bankruptcy clients may be be able to get access to their crypto?
 
KCalhoun said:
I wish fidelity would offer.

Hey what's most closely correlated with btc? in stocks etfs... COIN GBTC MARA RIOT..?
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GBTC is very close. It peaked on Nov 9 the same as BTC, and has fallen 75% which is about the same.

Not sure about the others you mention but I wouldn't expect them to be as closely correlated because they're not BTC investment vehicles like GBTC.

I suppose MSTR is another option. It's like a leveraged play on BTC. But obviously there's the possible margin call cloud hanging over it. It's fallen 80% since Nov 9.
 
 
Overnight said:
Well, that is just sad. And you have been a trading educator for how many years?

I don't trade the coin itself, but it's patently obvious on how to do it for a US citizen.

https://www.coinbase.com/
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A trading educator would have to tell his students not to trade scams. So he does not need to know how to trade crypto's. For me it is not a sign of a gap in trading knowledge as a teacher.

I have no clue about crypto's too. I just know how to trade the ES. And I make probably much more money, with much less knowledge than you, by being ignorant about everything outside the ES.
So I had to learn less, to make more than you. I only have to be good in one thing to have a decent income. So less things to break my head on.

Overnight said:
@savoir My folly was that I assumed Ken just knew basic shit like that. Alas, I seem to get buggered when I ASSUME people have a modicum of common sense intelligence.
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That's a very arrogant and unfunded conclusion. Intelligent people are humble and don't post such a nonsense as you do. They don't judge on other people's intelligence or lack of it. For along time I had you on ignore because you produce a lot of "noise" but nothing interesting. I unblocked you after a few years, but I am considering to block you again. That would reduce the number of postings I see by 26,570 annoying pieces.
 
KCalhoun said:
I wish fidelity would offer.

Hey what's most closely correlated with btc? in stocks etfs... COIN GBTC MARA RIOT..?
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It used to be GBTC which is essentially a closed end fund but the price never seems to match its NAV -- its been under the NAV for a while.

I think the best for trading is BITO on a short-term basis -- that is for less than a month since there is a slight slippage in the Futures turnover. I just buy in the money calls/puts.
 
KCalhoun said:
here I'm looking to go
Thx, good to know.
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Trying to trade crypto is a fool's gold journey adventure. But good luck, it's still possible.
Focusing on a possibility is not a good trade plan though.

You need more of the trade variables on your side, and understanding, to succeed in the end overall.
 
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