I'm glad I was able to help, Daal and that you're happy today I sincerely wish for Eth to keep going up. Best wishes to Eth in 2024! I'm also happy today, keeping me awake very late (Asia Timezone) have a chance to close part of my MSTR options position if it hits 6 figures as planned today or tomorrow If not, I hold til January Cheerios!
Ouff... Well, at least CME Group just posted that they are allowing micro-futures contracts on Solana in January. So that may be worth something when it goes live... Nope, sorry. I just made that part up Gotcha!
Closed for a loss the long Sol perp futures position I should have closed it last night for a small profit, I'm not experienced with the price moves of Solana, I trade on price action, so would prefer to go back to btc perpetual futures And this gTrade dex is not intuitive for me. Going to go back to the other dex
you should have exited when you and crypto twitter were shouting from the rooftop for people to get in. thats a huge contrarian signal right there. when people are so confident that they feel totally comfortable attacking other people and the price has accelerated to the upside, its time to exit
good advice Daal, you need to prepare for this next bitcoin and crypto bull market. There will be lots of opportunities as well as risks You need to be agile. Prepare your mind and do some mental exercises on the many scenarios and have some plans ready You rode down your 2nd bitcoin bull market cycle to the low, you got trapped by price anchors to very high prices and could not get yourself to sell. This is not the way I also rode down my 2nd bitcoin bull market cycle, but not my 3rd bitcoin bull market cycle Next year is your 3rd bull market cycle. Do not fuck it up again You need to be able to visualize clearly your risks throughout your crypto portfolio. Liquidity matters. Bitcoin and crypto assets trade in global markets 24/7/365 I do not recommend a very high allocation to nft's and other illiquid assets but if that is your choice for this bull market, you can still make enormous profits, but be aware of market conditions and exit when there is ample liquidity My 2 satoshis. Good luck to you in 2024-2025 , it is going to be fucking awesome!
Update on the MSTR calls position expiration 1/19/2024 I saw the position valued as high as $85k but I was too tired and went to sleep. It went as high as $88k Today is the last trading day for 2023 and it is most likely that my MSTR calls position will not hit 6 figure It is not too bad. My opinion is that on the first week of January 2024, there will be a lot of money coming in to buy bitcoins which is what happened at the beginning of this year 2023 January 10 is the deadline for the bitcoin spot etf. If no news or rejection, it could cause a massive price drop for bitcoin which would also crash the MSTR stock price This is why it's better to hold bitcoins instead of call options that have a time limit. Bitcoin will recover and go up continuously against the fiat currencies including the US $ It could also be buy the rumor sell the news event. I do not think this will be the case and if there is an initial selloff, would quickly recover Thinking out the probabilities, I believe that the rewards will be sufficient to take the risks of holding the whole MSTR call options position until after January 10 NFA
I think about this as well. I don't think I will sell my sats that I have in cold storage, but I have been building up exposure in the ETF here in Canada, and also the 2X leveraged futures ETF BITX. These of course can't be traded outside of market hours, so that sucks, but since they are in a tax fee account, the huge benefit is there. I don't want to ride down a sell event, and would like to see at least BTC at 100k before I maybe lighten the position, but I just know that anything I get into anything, it crashes. I was the one who caused the bear market at the end of 2021 because I was just getting in! And everyone is now expecting a very good 2024, but I'm all loaded up. So either I finally win for a change and this cycle repeats as expected, or my bad luck is gonna kill this rally.