Bitfinex Operator Accused by N.Y. of $850 Million Cover-Up

RedDuke said:
I never said, blockchain is crap. Fantastic technology and bright future. Bitcoin, Ether, Litecoin and so on, too much manipulation and fake shit around them. There is no real price discovery, and therefore the real price could be $100 or $10,000. Agree, if someone has large capital, sure why not. People gamble in casinos 24/7 :)
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You still have a chance to get into LTC below $100. Mark my words, it’s going over 100 soon. Halving coming up very quickly and bullish news abound. It may all be magic voodoo internet money but that doesn’t change the technicals and how enthralled people (including institutions) are into this space.
 
mt2rules said:
You still have a chance to get into LTC below $100. Mark my words, it’s going over 100 soon. Halving coming up very quickly and bullish news abound. It may all be magic voodoo internet money but that doesn’t change the technicals and how enthralled people (including institutions) are into this space.
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And you might be totally right. That being said, not interested one bit. Too many shinegans and bullshit around them. To each its own.
 
I think a covered call on some of the cryptos can be a good play. Protected from a little sell off, locked in profits, high premiums, what is there not to like?
 
Pekelo said:
I think a covered call on some of the cryptos can be a good play. Protected from a little sell off, locked in profits, high premiums, what is there not to like?
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Why do a covered call when a naked put has the identical outcome?
 
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