Search found 173 matches

by bitcoininthevp
Mon Mar 23, 2020 8:56 am
Forum: Variable Portfolio Discussion
Topic: Bitcoin loses half of its value in two-day plunge
Replies: 12
Views: 1796

Re: Bitcoin loses half of its value in two-day plunge

GLD is currently down not quite 2% YTD, Bitcoin is down about 17% YTD. Not a surprise that the smaller more speculative asset gets hit more. Not so much informative about YTD numbers. More curious as to how gold and bitcoin will behave moving through this crisis, which seems to be deflationary, and...
by bitcoininthevp
Mon Mar 23, 2020 8:52 am
Forum: Variable Portfolio Discussion
Topic: Bitcoin loses half of its value in two-day plunge
Replies: 12
Views: 1796

Re: Bitcoin loses half of its value in two-day plunge

If GBTC gets to $4 (early 2019 levels) I might put 0.5% of the porfolio into it. But it would have to be $4 or lower. I'd really be a buyer at $0.40. I'm not waiting to pull the trigger, in other words. I have alerts set. You should also consider the premium of GBTC to BTC which can vary wildly. In...
by bitcoininthevp
Sun Mar 22, 2020 10:48 am
Forum: Variable Portfolio Discussion
Topic: Bitcoin loses half of its value in two-day plunge
Replies: 12
Views: 1796

Re: Bitcoin loses half of its value in two-day plunge

Would have liked for some Bitcoin magic at this time. But it seems that BTC is being pulled down like other assets during this deflationary period. My understanding is the same thing happened to gold in 2008 crisis. And is happening to gold now? It would appear to me that gold and bitcoin are poised...
by bitcoininthevp
Sat Mar 14, 2020 7:22 am
Forum: Cash
Topic: China Govt Digital Currency
Replies: 15
Views: 4030

Re: China Govt Digital Currency

Kbg wrote:
Fri Mar 13, 2020 5:23 pm
Fair comment, concur. It could be your avatar. ;)
Well we Bitcoiners can be obnoxious to be sure.
by bitcoininthevp
Fri Mar 13, 2020 9:32 am
Forum: Cash
Topic: China Govt Digital Currency
Replies: 15
Views: 4030

Re: China Govt Digital Currency

I love “cash” that loses 50% of its value in a DAY! Let’s go get some. Really don’t post such nonsense anymore. It’s a horrible form of exchange except for criminals and speculators. I didn’t call Bitcoin "cash". It is highly volatile, for sure. Which part of what I said was nonsense? Lets try to h...
by bitcoininthevp
Tue Mar 10, 2020 2:27 pm
Forum: Cash
Topic: China Govt Digital Currency
Replies: 15
Views: 4030

Re: China Govt Digital Currency

Seems to be an assumption in this thread that Bitcoin's value proposition is that Bitcoin is digital . I dont see that as the value proposition. The dollar and most currencies are largely already digital. The value proposition for Bitcoin is censorship resistance: The ability to transact without a c...
by bitcoininthevp
Wed Nov 06, 2019 12:26 pm
Forum: Variable Portfolio Discussion
Topic: Bitcoin's boom in 2017 was largely market manipulation
Replies: 3
Views: 1777

Re: Bitcoin's boom in 2017 was largely market manipulation

Here is another viewpoint on it: https://www.bloomberg.com/opinion/articles/2019-11-05/did-the-bitcoin-bubble-come-from-one-bitfinex-tether-trader Additionally, Harry pointed out (I believe in a radio show discussing Hunt brothers and silver) that individuals transacting voluntarily does not constit...
by bitcoininthevp
Tue Oct 08, 2019 8:06 pm
Forum: Variable Portfolio Discussion
Topic: Trading Bitcoin Options
Replies: 15
Views: 16679

Re: Trading Bitcoin Options

nothing like real money on the line Totally agree. Great learning potential. I personally would not go near uncovered bit coin options with a 10 foot pole given your level of understanding Im not targeting uncovered options, but point taken either way. Thanks for the discussion. I appreciate your p...
by bitcoininthevp
Tue Oct 08, 2019 11:04 am
Forum: Variable Portfolio Discussion
Topic: Trading Bitcoin Options
Replies: 15
Views: 16679

Re: Trading Bitcoin Options

TastyTrade has been come across my recommendations list as well. Will need to invest some time there and elsewhere. The bad news is that Im dumb at this. The good news is that I know Im dumb. Thanks for pointing me at the bull call spread. That seems to involve 2 options. What if I sell the covered ...
by bitcoininthevp
Tue Oct 08, 2019 10:02 am
Forum: Variable Portfolio Discussion
Topic: Trading Bitcoin Options
Replies: 15
Views: 16679

Re: Trading Bitcoin Options

I for one appreciate this warning and the personal story. As someone looking to learn options more, can you explain the risks associated with selling 100 covered calls at strike X and then if underlying price approaches strike X, you enter a 100 long position at X. This long position would capture a...
by bitcoininthevp
Sun Oct 06, 2019 11:21 am
Forum: Variable Portfolio Discussion
Topic: Trading Bitcoin Options
Replies: 15
Views: 16679

Re: Trading Bitcoin Options

No idea what 'Options Chain' is that you are referencing.

If you are in the US, you can trade options with a regulated US entity, LedgerX, currently. CME has announced options for Bitcoin coming early next year.
by bitcoininthevp
Fri Aug 30, 2019 2:49 pm
Forum: Variable Portfolio Discussion
Topic: Trading Bitcoin Options
Replies: 15
Views: 16679

Re: Trading Bitcoin Options

Thanks, I installed that app. So what BTC fork does Cash trade? There is only one BTC ticker. It is called Bitcoin. Bitstamp, Gemini, Coinbase, etc are all exchanges that deal with BTC (Bitcoin), among other coins. BCH is a ticker for a coin called "Bitcoin Cash". It is a separate network from Bitc...