I thought you were "fucking panicking" about 2 months ago! Your heart rate would have red-lined to flat-lined had you been leveraged into the $65 dip 
Fair enough
Topic: Bitcoin investments & leverage (Read 1375 times)
Fair enough
Taking loans and leverage with bitcoin increases the volatility of bitcoin and creates bubbles and crazy panics during sell offs. I don't think it's good for bitcoin and it's always a gamble. Personally taking a loan to invest into bitcoin is against my own moral principles and I would never do it, and I do hope that those who do get burned. But suit yourself.
Have any of you taken loans to invest even more into Bitcoins? Or what are your thoughts about leveraging with Bitcoin in general.
I thought you were "fucking panicking" about 2 months ago! Your heart rate would have red-lined to flat-lined had you been leveraged into the $65 dip
The most stupid thing one can do ever.
Actually not doing this like I wanted to at $15 was.
In hindsight that's easy to say.
if bitcoin falls below 60
i'm doing it...
i'm doing it...
The most stupid thing one can do ever.
Actually not doing this like I wanted to at $15 was.
Not really.
Because it isn't worth the risk. There are people out there accumulating Bitcoins just for one thing: Squeeze the suckers who did it into default.
Well, for example most of my net worth is already invested in stocks, and I don't wont to withdraw my money from them because tax issues and because I wont to invest in other interesting things also. So without little leverage, it wouldn't be convenient for me to get large Bitcoin position just for the case that this will really go big. And missing this opportunity of lifetime is the risk I am not willing to take. If Bitcoin would totally crash I could still pay my loans with just little percentage of my other investments. So basically there is limitless upside and very little downside.
Smells like Bullshit.
Care to elaborate a little bit?
Because it isn't worth the risk. There are people out there accumulating Bitcoins just for one thing: Squeeze the suckers who did it into default.
Well, for example most of my net worth is already invested in stocks, and I don't wont to withdraw my money from them because tax issues and because I wont to invest in other interesting things also. So without little leverage, it wouldn't be convenient for me to get large Bitcoin position just for the case that this will really go big. And missing this opportunity of lifetime is the risk I am not willing to take. If Bitcoin would totally crash I could still pay my loans with just little percentage of my other investments. So basically there is limitless upside and very little downside.
Smells like Bullshit.
Because it isn't worth the risk. There are people out there accumulating Bitcoins just for one thing: Squeeze the suckers who did it into default.
Well, for example most of my net worth is already invested in stocks, and I don't wont to withdraw my money from them because tax issues and because I wont to invest in other interesting things also. So without little leverage, it wouldn't be convenient for me to get large Bitcoin position just for the case that this will really go big. And missing this opportunity of lifetime is the risk I am not willing to take. Everybody talks about the risk of losing your money, but I think that they should also talk about the risk of missing the train. And even if Bitcoin would totally crash I could still pay my loans with just little percentage of my other investments. So basically there is limitless upside and very little downside.
PS. And this very conservative way for me. There was a time when I was basically all-in with Bitcoin. Now I am investing significant percentage of my net worth into Bitcoin but I have other holdings too.
The most stupid thing one can do ever.
Said everyone when the price was $10/BTC...
And I don't understand why everyone kind of associate leverage with something like using you home as a collateral and going all-in. I mean if you for example you use leverage that is 5-10% of your investment portfolio, how could that be so bad thing? I actually think that it might be the smartest thing to do in some cases if you have access to low interests loans.
Because it isn't worth the risk. There are people out there accumulating Bitcoins just for one thing: Squeeze the suckers who did it into default.
Not a proper "leverage", but I took a loan in bank & bought at $75.
So far it was very profitable
So far it was very profitable
No, that's leverage too. May I enquire as to the size of the mentioned loan ?
I've entered a leveraged long position for BTC just a couple of days ago. $1000. 4.4x leverage. A climb to $166 will net me $500. A drop to $120 will wipe out my position.
Yes, gambling is stupid but boy is it fun
Yes, gambling is stupid but boy is it fun
The most stupid thing one can do ever.
Said everyone when the price was $10/BTC...
And I don't understand why everyone kind of associate leverage with something like using you home as a collateral and going all-in. I mean if you for example you use leverage that is 5-10% of your investment portfolio, how could that be so bad thing? I actually think that it might be the smartest thing to do in some cases if you have access to low interests loans.
The most stupid thing one can do ever.
Have any of you taken loans to invest even more into Bitcoins? Or what are your thoughts about leveraging with Bitcoin in general.
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