Is anyone waiting to invest in BTC (if/when the price is right)?
- Thread starter Ed48
- Start date
what is the right price for something that produces nothing and no one uses it.
Charlie Munger compares Bitcoins to Turds.
But at least Turds can be used as fertiliser, and there may be a world wide fertiliser shortage soon.
So even Turds are more useful than Bitcoins.
But at least Turds can be used as fertiliser, and there may be a world wide fertiliser shortage soon.
So even Turds are more useful than Bitcoins.
Where is the $0.01 option?
Although for the case where it ends up like Lunar, we need a $0.00000001 option as well.
Although for the case where it ends up like Lunar, we need a $0.00000001 option as well.
Pekelo's common sense advise to any would be crypto investor:
ATH is in for BTC. That means it may double the price but it won't Moon and gain gazillions. Forget about that. The shark has been jumped already.
Unless he wants to actively manage (aka trade) the position, he should forget about anything crypto. They are just a tech stocks anyway, so he may as well just get long on a tech ETF with leverage. At least that way he would miss out on the systematic risk of crypto (aka tether, government bans, brokers going down, etc.)
There is literally no good reason anymore to use crypto when you have futures or ETF options for extra leverage...And no, crypto is not a hedge for inflation.
But even if he really, really want a crypto position, use BTC futures instead of actually owning crypto. At least he can do that using a real broker. They are already restricting withdrawals at crypto brokerages and funds can be held for bankruptcy proceedings. He can also sell options on a BTC futures, 2 months out a covered call position makes 17%. (it gives him that much protection/guaranteed profit.)
ATH is in for BTC. That means it may double the price but it won't Moon and gain gazillions. Forget about that. The shark has been jumped already.
Unless he wants to actively manage (aka trade) the position, he should forget about anything crypto. They are just a tech stocks anyway, so he may as well just get long on a tech ETF with leverage. At least that way he would miss out on the systematic risk of crypto (aka tether, government bans, brokers going down, etc.)
There is literally no good reason anymore to use crypto when you have futures or ETF options for extra leverage...And no, crypto is not a hedge for inflation.
But even if he really, really want a crypto position, use BTC futures instead of actually owning crypto. At least he can do that using a real broker. They are already restricting withdrawals at crypto brokerages and funds can be held for bankruptcy proceedings. He can also sell options on a BTC futures, 2 months out a covered call position makes 17%. (it gives him that much protection/guaranteed profit.)
I am currently buying cold storage called Ledger, where I will keep all my crypto. So, I will not be dependent on any broker. No need to pay more and deal with futures roll over.
Here is the link if anyone is interested as well: https://www.ledger.com/
My stink bid is $100, and Im overpaying