Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 168. (Read 26711528 times)

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More buyers than sellers... what is a bear supposed to do?

Poor widdo bears.

Actually the ones that I really like to see get reckt are those who sold around $100k and thinking that they are smarter than everyone else because they are going to buy back cheaper.

Maybe it will work out for them...? I would not want to be playing that kind of a game with one of the scarcest of assets/monies that the world has ever seen.


A not too often used skill.

Last good movie Disney ever made.

No woke.

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Fantasia was our favorite movie to burn to back in the day. gonna try this one soon heh

"We" already did test $100k and fail (at least in the short term - 1 week if that might count as short term.

There is nothing wrong with taking profits or selling some of your BTC at various places on the way up, yet I doubt that there is anything special about $100k and in fact $100k may well be a problematic location to be selling very much BTC since a bunch of other weak-handed and ill-informed folks are likely ascribing way too much importance to such round number as if the resistance at such point were to be significant in the whole scheme of things hardly a blip.

So if you want to join those ill-informed folks who are ascribing a lot of value to round numbers, that's your choice.

Since you have been registered on the forum since early 2017, hopefully you have enough  BTC and you have not been too distracted by shitcoins over the years (my having had done a quick glance through your prior posts, I have my doubts about whether you have even close to enough BTC or you even know the difference between bitcoin and blockchain).


Then what?

Send an e-mail/text to all of our friends and say:  "I told you so."

hahaha.. I shouldn't be poo pooing the idea of $100k.. since it may well end up causing gravitation above such number and perhaps later become support rather than resistance, and yeah, it continues to be fun to see so many sell orders around $100k, but the around $100k sell walls seem to be getting less and less and less steep (for some strange reason?)  Who would-a-thunk?


That is be called koreck.

Whimpy is on one end of the spectrum and aggressive is on the other end of the spectrum.  Of course, they are relative concepts that have trade-offs, and with bitcoin, I frequently suggest to attempt to be as aggressive as you can without overdoing it, but without some level of realistic insight, you would not necessarily know that you had overdone it until you end up getting yourself into a pickle.

In regards to whimpiness, in bitcoin the whimpy ones have done way better than those who failed/refused to act, and the whimpy ones also were likely to do better than the ones who were overly aggressive, since it is better to still be in the game than to be knocked out of the game (or some folks maybe spend a whole cycle or more building their bitcoin position and then they end  up having to start over because they were overly aggressive).

Not really. He calls you whimpy, actually.

And in order to sell - I mean write - options, you have to tell them that you are an experienced super aggressive speculator with suitable collateral. Oh, and post the collateral, I assume.

 I would surely break something if I tried.

Please read this:

Everything you wanted to know about BTC options but were afraid to ask!

Just in case of other questions, just summon me!

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When did you stop or do you still to show off?

 Yeah, yeah... but can you still do this?

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Battle never ends
Sloth of bears, a herd of bulls
Bears are much more scared






#haiku

Let's say you paid $13 per $50 May 2025 IBIT call contract...you spent $1300 ($13X100=1300).
If, for example, bitcoin would be 190k on May 15, 2025, you would have two possibilities;
1. Sell your call contract for about $110 (as 190K is double btc price of 95k and IBIT price would be at about $110; as the option time premium would be almost zero) per contract (aka 110X100=$11000).
Voila..you made $11000-1300=$9800, which is more than 8X your investment, albeit bitcoin price "only" doubled.
2. You may exercise your call...would have to pay an additional $5000 (for a total of $6300), but would now have 100 shares of IBIT worth about $11000. You can keep the shares or sell them at any time after the "exercise"

The downside: if bitcoin will be at about 90K  or below on May 16, 2025 (more accurately, IBIT at $50 or below), your investment would be worth nothing (zero).
Typically, people don't keep options until the last day,unless they want to exercise.
If you don't sell your call option and the IBIT price is above $50, the exercise is automatic and you would have to pony-up $5000 (for a 100 shares).

None of the info above is an investment advice.


Yeah...I like ITM options though (as @JJG calls me wimpy  ...I prefer cautious (to a degree). Of course, ITM are pricier...$50 for May 2025 cost $13, so bitcoin has to appreciate about 15% from here for me to break even on a trade.
US style.
Fidelity Roth IRA, lol (in order to get call buying approval I had to tell them that i am "an experienced super aggressive speculator" or something like that, haha.

You bought ITM calls... 50$ is ITM if, as vroom says, it's trading at ~$55.
How much was an option? I wonder if it doesn't make more sense to buy OTM. You're paying the premium anyway aren't you? Might as well "drown in high water rather than in one foot"...

I assume 100 pieces per option (not 1 BTC equivalent as it is for "hard" BTC options), right?
Euro or US style?
And what's your favorite option outlet?

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can you please tell me more about call options? Right now IBIT trades for $55,21 if I'm right. Does the IBIT price increases with the bitcoin price? Does that mean you can buy a IBIT share for $50 even if the IBIT price reaches let's say $100? And how do you leverage that? so many questions

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