Going Short

@Martanamos91 Its only scary if you put in too much.

Closed at $396 for 6% profit.
until next time ;)

OK wow this volatility is alot.

going short again.
Entry: $407
leverage: 2x

I've been holding this position ever since, and its starting to lose me money.
Still holding though, she'll pay out eventually.

We'll see. I'm surprised to see the price climbing, I thought the Kraken limits would cause speculators to divest. But it also makes sense that as liquidity gets crunched (on DEXs) the price will increase.

I don't have the stomach for day trading. BUT if I were going to make predictions, it'd be that the price steadily rises, crashes for around $360/coin, then continues to rise and settles in a little under $400/coin. My predicts are bad tho.

@Nebuchadnezzar_II Your money your choice so I certainly not telling you what to do. But why not just buy gold and/or silver as a long term investment and sit on it? Those will always go up. Maybe slower than other assets, but they will go up. Always have, always will. And if the world goes to total shit ie everything breaks, you can still use them as money post-collapse. Same cannot be said of anything requiring electricity to access.

@bulletbill22 The only reason I've got the balls for this is because I'm using very little money. I find it very interesting though. Maybe I'll hold this position for up to a month.

I think a lot of the speculation is happening on decentralised futures markets like hyperliquid, rather than on CEX. And this volatility is also caused by the coldcard hack driving both big buys and big sells: slippage in both directions. There will also be automatic mechanisms in place to take advantage of that, so there's a lot going on!

I don't have any price targets, but I expect to close the position next time there's a correction on the daily candles, and it stops being so volatile. Hard to predict much more than that imo... Time will tell!

@nemesis Yes sir I have more money in gold than this short I can tell you that much.

@nemesis In my opinion, there is no such thing as a safe investment, and one should diversify any funds one is not willing to lose. To be honest, my gold is in ethereum, not physical, which is vulnerable to loss of electric as you said. But as the same time physical gold comes with its own problems like verification and portability. In my opinion, the best physical investment is basic, reliable bicycles! (And the tools and parts to maintain them)

@Nebuchadnezzar_II
can u build a poker game thing?
would be less brainrot than whatever this thread even is
can even theoritically be NoJS so can do some poker things on tor/i2p