Survey: what are you doing with BTC?

[Ed48]

I don't know if I've covered all the bases but just pick the closest match.

 

[maxinger]

how about including this :
I'm shorting it for the long term because I believe it will be the mother of all Tulip-mania.


Anyway, I don't day trade BTC futures due to its horrific bid-offer spread.

 

[Ed48]

I'm shorting it for the long term because I believe it will be the mother of all Tulip-mania.

Or you could hedge your bets and go 50/50 long/short, and see which one wins.

The only way this wouldn't work out is if BTC became a stable (low volatility) asset but somehow I can't see that happening.

In all likelihood, one of those positions will become worthless and the other will moon.

 

[mikeriley]

Always on the watch list to trade.
I use to hodl, but Millions of investors
following Youtubers and Guru's like Plan B
on Twitter and too much bullish
consensus took away the juice.

Just smart to plan an exit strategy
regardless of the instrument.

We'll see what happens.

 

[GotherL]

with a 10 foot pole. (Last option.)

I'd just trade BTC contracts if I really wanted tho.

 

[Ed48]

Actually, Bitcoin seems like a fairly good candidate for trading.

1. Unlike most volatile markets, it's not thinly traded. It's highly liquid.
2. Trading isn't currently dominated by professionals. In fact, it's volatility is likely due to a preponderance of largely "unsophisticated" investors.
3. It's not a very efficient market (in the sense of EMH) because investors are not that rational. There's an excess of fear and greed. Inefficient markets create opportunities due to there being less randomness.

 

[jetbird]

Actually, Bitcoin seems like a fairly good candidate for trading.

1. Unlike most volatile markets, it's not thinly traded. It's highly liquid.
2. Trading isn't currently dominated by professionals. In fact, it's volatility is likely due to a preponderance of largely "unsophisticated" investors.
3. It's not a very efficient market (in the sense of EMH) because investors are not that rational. There's an excess of fear and greed. Inefficient markets create opportunities due to there being less randomness.

4. Trades 24/7
5. Pure price action. No circuit breakers.

 

[Trader Curt]

with a 10 foot pole. (Last option.)

I'd just trade BTC contracts if I really wanted tho.

Guess what?

When you buy Bitcoin contracts you are actually still buying Bitcoin. Just through a large company.