Bitcoin "Freefall"

Sprout said:
Not sure why you are in an "either/or" frame between BTC and ES. As you have admitted, your specific strategy doesn't port. Do you understand that most BTC trading happens off-chain?

Trading the ES is great. There are just some of us whom want to understand the future that is crystalizing into the present with these technologies. Having an in depth understanding of these exponential technologies that can scale reduces risk.


Tbh, you sound a bit like floor traders before ECN's put them out of a job.
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I live in Europe so surely not a ex floor trader. I daytrade since the mid 90's. First forex, and later futures. I was CTA and had my own fund with EU clients. AS long as there were no futures to trade BTC, ES was much more profitable and even now I make more money then I can make in BTC. So why change a winning strategy for a new unknown one. Especially as I see BTC as a scam. Each trader should choose for his own what to trade.
That fact that you thought I was an ex floortrader confirms that my english is not so bad as some people say.

I still don't understand why 52% of all BTC addresses have less than $50(0.001 BTC) of value. And another 25% are below $500. These two together represent over 76% of all addresses. These 76% will never invest a lot of money in BTC, so that is a problem for the growth of BTC as these 76% are needed to be manipulated so that they will buy more. These 76% just wanted to gamble with small money, that's very clear.
If trade/holding BTC is so good all these addresses should have a much higher value. Over 20 million addresses represent in total 0.02% of the total value of BTC. Or are these addresses a result of a safety measure from people who want to protect their money by splitting it on several addresses? Like 0.0001 BTC in every address? i would understandit for people who have a few hundred coins, but do this when ypour total investment is less than $50. :banghead:
 
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Overnight said:
The same reason why made-up stuff like "Catholicism" is discussed.
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I cannot believe you actually brought this up. I grew up a Roman Catholic in the the beautiful City of Brooklyn under the misguided belief of my church. At 60 years of age I realize that the teachings of a few do not necessarily help those that need it most. When my wife, who converted to Catholicism to marry me in the proper way I told her that their beliefs are contradictory to their teachings, she asked me why I continue to abide by their doctrine. I told her simply that it was to keep my Grandparents in check. Today is our 38th Anniversary and then I asked her to look at the congregation and dared her to ask out loud how many practice birth control. I think you know the rest. Follow your own belief when it comes to trading. Bitcoin is a trading instrument like everything else in the CME.
 
albion said:
If you say so. How old are you?
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Explain to me how an 80% drop is not a crash but a 75% drop is.

BTW you've already shown your level of comprehension age is not a much larger than your shoe size number so let's stick to the nonsense you can't explain.
 
Big AAPL said:
I cannot believe you actually brought this up. I grew up a Roman Catholic in the the beautiful City of Brooklyn under the misguided belief of my church. At 60 years of age I realize that the teachings of a few do not necessarily help .....
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City of Brooklyn? Who's the mayor?

Koch lol?
 
At the top of my page is an IB add for trading crypto. Damned if they don't look like coins. Ya think if they showed what they really look like, a bunch of ones and zeros any one would buy them?
 
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