Is the crypto winter over?

[ZeTrraderr]

Hey everyone, a newbie here, whats average time of your trades? Do you have any positions going longer than you would like to?

 

[The_Krakenite]

I prefer to trade LEAPs, so maybe a 1-year average or so... I like to have them expire in the next calendar year around March (if possible), so I know ahead of tax-time what to file. Though, trading out 2-years and sitting is not that uncommon for me too. I still have options I've been sitting on for a while that won't expire until near 2026.

 

[ZeTrraderr]

I prefer to trade LEAPs, so maybe a 1-year average or so... I like to have them expire in the next calendar year around March (if possible), so I know ahead of tax-time what to file. Though, trading out 2-years and sitting is not that uncommon for me too. I still have options I've been sitting on for a while that won't expire until near 2026.

Wow thats very interesting. So you don't go on the crazy path and do faster trades like day trading or just few days long trades? Thats very interesting.

May I ask where do you trade options? I would guess Binance?

 

[schizo]

Just got back in long at around 25970. I don't know anything about the macros, but the chart is telling me that this is the time to get long. Carpe diem!!!

 

[The_Krakenite]

May I ask where do you trade options?

IBKR

 

[johnarb]

Back again, just can't stay away... small position, long 1.5 btc perpetual futures @ $26,416, only 3k usdt collateral, liquidation 24.6k

View attachment 321659

Almost got liquidated last week when btc dipped a little below 25k

Last night btc pumped above 27k, but I woke up it was below 27k, today it's doing the same thing, so I'm selling at 27,277 if it hits again tonight

EDIT: closed at 27,111

 

[johnarb]

Bitcoin staying above 27k... good strength into FOMC meeting tomorrow

Long btc perp futures @ $27,028 (small position, still waiting for eoy bull market or next year after 4/24)

 

[semperfrosty]

Bitcoin staying above 27k... good strength into FOMC meeting tomorrow

Long btc perp futures @ $27,028 (small position, still waiting for eoy bull market or next year after 4/24)


View attachment 323397

Attaboy MickySay!

Michael Saylor’s MicroStrategy Spends $150 Million to Add to Bitcoin Stockpile

• Firm bought almost $150 million of Bitcoin since Aug.1: filing
• Firm held more than 158,000 Bitcoin, worth about $4.1 billion

MicroStrategy started buying Bitcoin in 2020, and has ramped up purchases this year as the cryptocurrency recovered from a year of losses caused by rising rates and some high-profile crypto implosions and bankruptcies.

26 September 2023 at 01:04 GMT+10


MicroStrategy Inc., the company best known as the largest publicly traded holder of Bitcoin, added to its hoard of the world’s largest cryptocurrency in the past two months, using stock sales to help fund the almost $150 million worth of purchases.

The enterprise-software maker co-founded by crypto proponent Michael Saylor bought 5,445 Bitcoin between Aug. 1 and Sept. 24 at an average price of $27,053 per token, according to a filing Monday with the US Securities and Exchange Commission. The purchases came as Bitcoin traded in a range of $25,000 to $30,000; the coin is up almost 60% this year.

 

[The_Krakenite]

I guess then I should not be in any rush to close short-PUTs on MSTR...

 

[johnarb]

Long btc perp futures @ $27,028 (small position, still waiting for eoy bull market or next year after 4/24)

Slightly down on the position... September is usually not a good month for Bitcoin and crypto assets, but Uptober will be here in 2 days

NFA

I've put a couple of positions, Rune and Tellor ($TRB) on leverage (borrow against Btc as collateral)

Not big positions

https://www.coingecko.com/en/coins/thorchain

https://www.coingecko.com/en/coins/tellor-tributes#markets

A good crypto market visualizer https://banterbubbles.com/