Bitcoin Price Thread

[They]

I don't know how traders who use leverage handle such huge volatility, I guess it's all good if you can get on the winning side

If you trade Index Futures (S&P E-mini), you are using about 20X margin. So, many of us who have come from the futures markets and have began trading Spot crypto find it very manageable.

I have recently starting trading some of the 3X leveraged tokens on the coins that I already know the volatility on. Each coin has it's own volatility, you just need to learn it and place stops and targets accordingly.

 

[radex78]

Now Bitcoin price $46,323, drops from $52k. its high volatile trading asset
in my country has increasing volume of trading on the crypto market.

 

[johnarb]

If you trade Index Futures (S&P E-mini), you are using about 20X margin. So, many of us who have come from the futures markets and have began trading Spot crypto find it very manageable.

I strongly believe I would be broke if I traded btc with leverage

It's easier for me to buy and hold bitcoin (and other cryptos) so I don't get shaken out and only able to realize smaller profits or worse, losses

I can hold bitcoin (and other cryptos) through major and minor corrections. If btc was to go back down to $30K, it's not going to create any real-life problems. Heck, btc can even go back down to $3K or $!K or even $100, although I would end up buying every single one of those price prints thinking they were the bottom

Being long spot cryptos is like holding call options with no expiration. Asymmetric risk/reward

 

[mlawson71]

The drop clearly has not deterred some people - according to recent reports, Bitcoin addresses that are holding between 10,000 and 100 000 cryptocurrency coins have gathered around 50,000 bitcoin in the last 4 days.

Meanwhile, the so-called bitcoin whales are still moving digital assets from the world’s renowned crypto exchanges to undisclosed and mysterious wallets and apparently due to the huge waves of Bitcoin movements to unknown wallets the selling pressure behind bitcoin has been reduced.

What is going on?!

 

[johnarb]

https://twitter.com/x/status/1438470565053059074

 

[virtusa]

This shows how people in El Salvador like BTC

 

[mlawson71]

I wouldn't like it either if I was obligated to use a currency that fluctuates as much Bitcoin does.

 

[johnarb]

I wouldn't like it either if I was obligated to use a currency that fluctuates as much Bitcoin does.

El Salvador government allows immediate conversion to USD via the Chivo app. No currency fluctuation risk

 

[SPX Options Trader]

https://twitter.com/x/status/1438470565053059074

All social media content is so dumb. I literally feel like I lost 5% of my brain power staring at that stupid Tik Tok clip.
It's a shame the masses, and young people, are consuming that nonsense and bs all day long. Their minds and personalities are turning into mush, zombies.

 

[johnarb]

All social media content is so dumb. I literally feel like I lost 5% of my brain power staring at that stupid Tik Tok clip.
It's a shame the masses, and young people, are consuming that nonsense and bs all day long. Their minds and personalities are turning into mush, zombies.

I'm not on FB or Insta, but I spend too much time on (crypto) Twitter, and some on Reddit and others on YouTube and CNBC during market hours

Anyway, I enjoyed the clip, a group of friends having a little bit of fun, production quality is on the low side, but prefer it that way, more genuine

I quit my job beginning of this year, and I seldom trade, most of the time I monitor our crypto portfolio and crypto Twitter is very effective at getting all the news feeds from many sources

I'm just sharing something I thought was fun, may not be your kind of fun, but shit, just gotta enjoy ourselves otherwise we'll be old farts