Blockchain is Dangerous Nonsense

Discussion in 'Crypto Assets' started by Frederick Foresight, Feb 5, 2024.

  1. themickey

    themickey

    I agree this can be a problem, the way I've dealt with it in the past, if Friday afternoon's price is close to my stop level and bitcoin trend is flat or bearish, then I'll manually exit.

    If you think about it this way, if you buy a bitcoin breakout, normally bitcoin will move fairly smartly on upward, which then gives your stop some breathing space.
    If current bitcoin price on Friday arvo is close by your stop then (a) maybe your stop is too tight (b) Bitcoin price has stalled / pulled back and maybe consider taking the money and run, await the next breakout.
     
    #161     Feb 11, 2024
  2. NoahA

    NoahA

    If demand goes away, it won't be because some coins are lost.

    It has already happened before. Some custodians, who for example held coins for Swan apparently lost access to them. I also expect the risk control to be top notch for these ETFs, much more so than for other random exchanges, but its still not a zero risk.

    Right, so your ETF could never lose the coins, but if some coins of an ETF were ever lost, I do imagine that would perhaps drop price for a while.

    And yes, trading these ETFs with their limited hours does suck.
     
    #162     Feb 11, 2024
    johnarb likes this.
  3. Ed48

    Ed48

    ^This^

    As long as the volatility* doesn't dry up, it will remain a good candidate for trading. There's no need to marry it to make money from it. :D

    *It seems just as volatile now as it was 5 years ago, when it was a 10th of the current market cap, so there's no reason to think this will change any time soon.
     
    #163     Feb 12, 2024
    themickey and johnarb like this.
  4. I have just been a sock it away as a hedge type guy so if you would please update me on trading opportunities (vehicles etc that you use) As I recall the first futures that came out were 5 BTC contracts and the margins were very high and then came a single BTC contract and it seemed to vanish because of lack of interest. Again as I recall volume was so low that trading it seemed impossible and it was used as an alternative to just holding the coins in cold storage or as a long term short.
     
    #164     Feb 12, 2024
    johnarb likes this.
  5. SunTrader

    SunTrader

    Back over $50,000

    Valllllllue.
     
    #165     Feb 12, 2024
    johnarb likes this.
  6. Ed48

    Ed48

    What about trading BTC itself on an exchange? I think some even offer leveraged long and short derivatives. Then there are BTC futures based ETFs which have been around a while, plus the latest BTC ETFs.
     
    #166     Feb 12, 2024
  7. pstrusi

    pstrusi

    Enjoy the ride. All bitcoiners deserve that cause the big risk.
    I really believe that whilst there are new Bitcoin-ETF approval pending, it might be difficult to see a big fall, but beware when there's no more new ETF around. The eternal game will repeat and it might be ugly to see.
     
    #167     Feb 12, 2024
  8. SunTrader

    SunTrader

    I trade Bitcoin futures 1 and 5 min chart basis, and not the crypto itself.
     
    #168     Feb 12, 2024
    johnarb likes this.
  9. long

    long

    I've traded CME futures but just started looking the futures offered on Coinbase. The contract size is smaller but the volume is 5x CME. I'm considering using the Coinbase contract for that reason. I think the fees work out to be a little higher though, probably because of the smaller contract size. What do you think of Coinbase futures vs CME?
     
    #169     Feb 12, 2024
    johnarb likes this.
  10. johnarb

    johnarb

    Bitcoin is the least riskiest asset in the whole world, currently

    Volatile, yes, risky, no

    Look up the CAGR and Sharpe Ratio of btc in the past 1yr, 3yr, 5yr and 10yr
     
    #170     Feb 12, 2024
    NoahA, long and Illini Trader like this.