Is the crypto winter over?

johnarb said:
On the btc perp futures, bitcoin hit above $31k

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I'm going to try something on the next round number, sell and then buy back when it pulls back

I have an order to close the position at $32,010
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From 31K it retraced back down to 30K today, and now trading at 30,400. Do you think we will hit 32K first or 28K first? If we trade below 30K, I think there's a good chance it will go down to 28K before flipping back around.
 
schizo said:
From 31K it retraced back down to 30K today, and now trading at 30,400. Do you think we will hit 32K first or 28K first? If we trade below 30K, I think there's a good chance it will go down to 28K before flipping back around.
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Definitely 32k first, and don't think we'll go below 29k, I don't know how you're seeing that in the chart

I'm long 5 btc perp futures now, talking my book, but skin in the game, too

If btc goes below 30k, would you put a short position to play the odds you think will happen?
 
johnarb said:
If btc goes below 30k, would you put a short position to play the odds you think will happen?
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Actually, no. The payoff is too low. I would rather go long if it ever reaches my buy stop at 28.8K. However, I do plan on shorting once we get up to 33K FYI. :)
 
90% of Canadian REITs pay out their dividends this weekend. Is it too much to ask to pray for a crypto-market collapse by 9:30 eastern on Monday morning?

Please???

You guys have had enough of this ridiculous rally... let's give the perma-bears a chance to come back out from under the rock they were hiding. Fair is fair...be nice!
 
The_Krakenite said:
90% of Canadian REITs pay out their dividends this weekend. Is it too much to ask to pray for a crypto-market collapse by 9:30 eastern on Monday morning?

Please???

You guys have had enough of this ridiculous rally... let's give the perma-bears a chance to come back out from under the rock they were hiding. Fair is fair...be nice!
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Sarcastic you. :sneaky:
 
schizo said:
Actually, no. The payoff is too low. I would rather go long if it ever reaches my buy stop at 28.8K. However, I do plan on shorting once we get up to 33K FYI. :)
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During crypto winters, it is profitable to short every rally

During crypto bull market (summer), it is profitable to btfd or switch between btc and alts

You'd have made a lot of profits if you were shorting btc last year 2022

You obviously don't believe me that we're in a bitcoin bull market, is there a level you would believe me? $50K? $100K?
 
I am still very bullish on crypto, but I refuse to trade/accumulate heavily in it for two reasons.

  1. I am already very heavily invested in this, (which doubles as a hedge against my banks.)
  2. Commercial real estate is burning down worse than TGFC, so I want to accumulate.
My priorities of (long bets) have not changed over the last few months:

  1. Deep Discounted REITs.
  2. Long-Term Canadian Federal Bonds
  3. Crypto Assets:
  • Registered Exchanges & Conglomerates
  • Spot-Value BlueChips

Now that I think of it though, that isn't quite correct. I'm buying more heavily into crypto equities over bonds. Very little spot-crypto though.
 
The_Krakenite said:
I am still very bullish on crypto, but I refuse to trade/accumulate heavily in it for two reasons.

  1. I am already very heavily invested in this, (which doubles as a hedge against my banks.)
  2. Commercial real estate is burning down worse than TGFC, so I want to accumulate.
My priorities of (long bets) have not changed over the last few months:

  1. Deep Discounted REITs.
  2. Long-Term Canadian Federal Bonds
  3. Crypto Assets:
  • Registered Exchanges & Conglomerates
  • Spot-Value BlueChips
Now that I think of it though, that isn't quite correct. I'm buying more heavily into crypto equities over bonds. Very little spot-crypto though.
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Interesting.Thanks.

I actually thought you were a semi-sceptic re crypto.
 
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