No alt coins here, aside from a few Solana as a (joke). Own a tiny bit of Cardano and just sitting on the sidelines while they stake. Most my bitcoin is all synthetic stocks on miners, with a tiny bit of equity ownership and 100 call LEAPs on BTC. But by far my long-time massive position is on Ethereum. I went on a rampage years ago and started to buy into every ethereum exchange traded fund out there. I did not buy calls or futures in regard to the Merge. I knew the timing would be hard because of the numerous set-backs that had been happening, and also the hedge funds kept bloating up the call prices trying to front-run it all. Due to the way the fed sunk the price (among other players), I was right not to do a one-way bet on ETH, but that also can be argued to as luck. In any case, I am going long the halving now, and we'll see. Every time I get worried it's just 'too obvious', so has to be priced in, I read numerous flawed posts by perma-bears that make me realize we are still early and there are still too many 'stupid' people out there who haven't even read a white-paper yet. The one big thing AGAINST the value of crypto this year was Fed Now. It fixes certain things in the banking sector that crypto had a solution (moat) for. It doesn't replace crypto, but does put a chink into its armour. Sort of like, how the Merge cut a leg out from under Solana. I've been drumming around the idea of diversifying a little into Chainlink and Poly for some time... Perhaps if there are ETFs that come out for them, or one of my 'regulated' exchanges supports staking for them, I'll dive in. But I can certainly do without it.
It must be either Tokyo or Seoul . I've been to both cities and I was out on a leisurely stroll at 2 AM without any concern for my safety.
Got liquidated 2.2k usdt on that wick down... But the other position is still intact long (4) btc perp futures Stock market on a slow crash mode... feels like it's going to continue on this path Other risk assets including bitcoin is having weak price action... I will de-risk some more... I'll sell all Pepe and also considering closing all if not some of the 4 long btc perrp futures position
Closed the long 4 btc perp futures probably a local bottom and btc may bounce back to 30k but too many headwinds for risk assets at this time Unless there's some good opportunities, i.e. meme crypto frenzy like a few months ago, I will just wait for next year bitcoin halvening to actively trade or if we get an eoy rally in risk assets good luck to all crypto traders and investors
Just a brief update: My long got stopped out earlier today just below 28K. Haven't had much time to monitor this thing lately, and this happens. Well, so be it. I should have flipped short, but for the time being, I'm just gonna stay on the sideline.
Traders dilemma(?) I've been de-risking for a while now (due to too many headwinds in the global financial situation) and have completed the process last night (early morning for me) I considered going short Eth (small position) because the very process of de-risking is removing my excess long risk exposure (extra beta to the upside) so why not give it a nudge by going short Eth? Woulda coulda shoulda I have even considered buying puts on the equities, but once you trade a 24/7 market, it's hard to come back to trading business hours/days market Anyway, all water under the bridge that have passed... or have they? I plan to sit it out like you until early next year or a eoy rally, but the mermaid song (to trade) is enticing me to crash the boat (metaphorically speaking) Life is great, I can just cruise along... but 10yr is 4.3% I think it's going to over 6, inflation still high, TINA (there is no alternative) has turned to TIA (there is alternative), iow, puts on dem tech stocks, meta, tsla, aapl yummy puts, nvda scary as it has become a safe-haven stock and killing the shorts, lol But I prefer 24/7 markets so perhaps stay with perp futures short on Eth or others.... or don't listen to that bitch (mermaid) song and enjoy life touch the grass come back eoy rally or early next year rejuvinated Best wishes to you, schizo
Now that my Sonos short-puts expired worthless, I was waiting for a good spot to find something else. Thanks to the recent dip, I shorted 4 PUTs on CleanSpark. Interesting note, despite the dip, all my other contracts are STILL money-makers, which is interesting. CLSK is only down a few bucks because of the commissions due to the fact I just put those positions on. The only real thing that may keep me awake at night is a BNB collateralized loan. But if that powder keg goes off, I'm going to have to double down for sure.
Back again, just can't stay away... small position, long 1.5 btc perpetual futures @ $26,416, only 3k usdt collateral, liquidation 24.6k Bitcoin looks to be oversold, and nvda just beat earnings \
The Pepe rug-pull by developers has to be the most amusing drama in crypto this week. I hope all the millennials got what they paid for For the people... buy [sic] the people. Total wokeness.