Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6039.

micky123

legendary

Activity: 1022

Merit: 1005

Quote from: AlcoHoDL on February 21, 2021, 02:44:50 AM

"Not your keys, not your Bitcoin."

My coins are not getting out of my deep-freezing cold storage unless there's a really good reason to.

My current salary is more than enough to cover my living expenses, and even some fun part of life. For me, Bitcoin covers two things (in order of importance):

1. Psychological peace of mind that I can do/buy whatever I need, when I need it.
2. Funding my hobbies and fun side of life, without having to look at the price tag before buying the stuff I want.

Bitcoin value has just surpassed the level that enables the above to start happening. Why risk ownership of my Bitcoin, just to earn some interest, and paying it dearly by not being able to sleep at night, worrying if/when celcius.network will go south and take my coins with it? Bitcoin's main benefit is taking out the middleman between the owner and his wealth. Why would I want to add a middleman? Risking messing up something near-100% certain does not make any sense to me. There's no "free lunch" in this life.

"Not your keys, not your Bitcoin."

Wow, i could swear i was looking at a mirror right now! The psychological peace of mind resonates with me totally! I also fund my diecast hobby without having to worry about running out of money! Cheesy

Poker Player

legendary

Activity: 1372

Merit: 2017

Quote from: Crusherxy85 on February 21, 2021, 02:23:31 AM

Red sunday incoming

Do you have any rational argument to back up what you say or is this just a hunch?

AlcoHoDL

legendary

Activity: 2590

Merit: 4839

Addicted to HoDLing!

"Not your keys, not your Bitcoin."

My coins are not getting out of my deep-freezing cold storage unless there's a really good reason to.

My current salary is more than enough to cover my living expenses, and even some fun part of life. For me, Bitcoin covers two things (in order of importance):

1. Psychological peace of mind that I can do/buy whatever I need, when I need it.
2. Funding my hobbies and fun side of life, without having to look at the price tag before buying the stuff I want.

Bitcoin value has just surpassed the level that enables the above to start happening. Why risk ownership of my Bitcoin, just to earn some interest, and paying it dearly by not being able to sleep at night, worrying if/when celsius.network will go south and take my coins with it? Bitcoin's main benefit is taking out the middleman between the owner and his wealth. Why would I want to add a middleman? Risking messing up something near-100% certain does not make any sense to me. There's no "free lunch" in this life.

"Not your keys, not your Bitcoin."

Edit: Corrected typo.

Crusherxy85

jr. member

Activity: 44

Merit: 2

Red sunday incoming

HairyMaclairy

legendary

Activity: 1442

Merit: 2282

Degenerate bull hatter & Bitcoin monotheist

Quote from: BitcoinBunny on February 20, 2021, 12:49:13 PM

Quote from: Phil_S on February 20, 2021, 12:09:14 PM

already over 2x page parity Grin

It will reach 10x page parity before 2023 I bet.

We are aiming for post parity.

HairyMaclairy

legendary

Activity: 1442

Merit: 2282

Degenerate bull hatter & Bitcoin monotheist

Quote from: JimboToronto on February 20, 2021, 10:23:43 AM

Good morning Bitcoinland.

Here we go again... another ATH ($57554 Stamp), another $1.4k mini-correction and another bounce halfway back up... currently $56751USD/$71570CAD (Bitcoinaverage).

This is a routine I can learn to love. In the time it took to get the vendor's signature on the purchase-sale contract, my Bitcoins had risen in value more than the cost of our piece of paradise. Made it official yesterday.

Go Bitcoin go.

Quote from: _javi_ on February 20, 2021, 05:40:57 AM

The number of WOs selling is too damn high.

Cause land, cause gift and like going to banks, cause its just a tiny fraction...

Pffff... I'm considering (-a car-). And that would be my tiny fraction.

You can't drive around in money (including Bitcoin), nor can you stock it with fish and hang a hammock beside it, nor build a track and keep cattle on it.

Spending tiny fractions rocks.

Could not have happened to a nicer bloke. Congrats Jimbo.

Gyrsur

legendary

Activity: 2856

Merit: 1520

Bitcoin Legal Tender Countries: 2 of 206

Laser Eyes... Sha La La... Sha La La...
Laser Eyes...

https://youtu.be/zOrZ-nCp-_U

lightfoot

legendary

Activity: 3220

Merit: 2334

I fix broken miners. And make holes in teeth :-)

Quote from: cAPSLOCK on February 20, 2021, 09:23:39 PM

Not sure i would call 55k the bottom. Wink

We shall, as they say, see....

Meantime ordering some internal and external upgrades to the homestead. Not jumping into another wealth bracket, just doing all those little things I always wanted to do and having someone ELSE do them. Stimulate the economy and all.

Hey way, in "trickle down" economics I am the um..... trickler......

sirazimuth

legendary

Activity: 3388

Merit: 3514

born once atheist

Quote from: somac. on February 20, 2021, 09:16:46 PM

Quote from: Torque on February 20, 2021, 09:06:06 PM

"Deficits don't matter."
"A college education is the only way to make it in this world."
"401Ks are the key to building retirement wealth."
"Rates going to zero, or even negative, are not a problem."
"Stocks can only go up."
"We can keep printing money forever, we own the printing press."
"Universal Basic Income will solve all of our problems."
"Bitcoin is a tool for criminals and drug dealers, a fraud, a scam, baby-brains squared...and it's going to zero."

Don't forget the "trickle-down effect". That's why the wealth divide is getting better.... Oh wait!

Speaking of lies in general...Don't forget the biggest, grandiose lie of all, sold to mankind's credulous stupidity for past 2000 years...
The almighty magic invisible sky fairy... pick your flavor ... many available.

GO BITCOIN

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: lightfoot on February 20, 2021, 07:23:24 AM

Yup. There goes 57k.

I did pop by a bitcoin ATM and sold $1k at 55 yesterday. Mostly to see that the process worked and to feel some crispy fiat. Looks like I may have sold at the bottom again. :-)

Not sure i would call 55k the bottom. Wink

somac.

legendary

Activity: 2050

Merit: 1184

Never selling

Quote from: Torque on February 20, 2021, 09:06:06 PM

"Deficits don't matter."
"A college education is the only way to make it in this world."
"401Ks are the key to building retirement wealth."
"Rates going to zero, or even negative, are not a problem."
"Stocks can only go up."
"We can keep printing money forever, we own the printing press."
"Universal Basic Income will solve all of our problems."
"Bitcoin is a tool for criminals and drug dealers, a fraud, a scam, baby-brains squared...and it's going to zero."

Don't forget the "trickle-down effect". That's why the wealth divide is getting better.... Oh wait!

Torque

legendary

Activity: 3794

Merit: 5474

"Deficits don't matter."
"A college education is the only way to make it in this world."
"401Ks are the key to building retirement wealth."
"Rates going to zero, or even negative, are not a problem."
"Stocks can only go up."
"We can keep printing money forever, we own the printing press."
"Universal Basic Income will solve all of our problems."
"Bitcoin is a tool for criminals and drug dealers, a fraud, a scam, baby-brains squared...and it's going to zero."

somac.

legendary

Activity: 2050

Merit: 1184

Never selling

Quote from: d_eddie on February 20, 2021, 08:38:15 PM

Quote from: Biodom on February 20, 2021, 07:48:28 PM

Quote from: d_eddie on February 20, 2021, 07:27:55 PM

Quote from: somac. on February 20, 2021, 06:52:56 PM

Quote from: d_eddie on February 20, 2021, 06:48:07 PM

Quote from: somac. on February 20, 2021, 06:22:37 PM

3. Sell BTC covered calls

Hint: covered calls are a great way to sell you BTC, rather than the traditional sell at certain price point on normal exchange.

3. I like this. I imagine it is something like this: sell covered calls by posting btc collateral, and actually sell the btc at the strike price on expiry. Do you have any idea where that is possible?

You are correct. Deribit and FTX, are 2 places that I know off the top of my head. And you don't have to always post a full BTC as collateral, you can use margin, but then run risk of margin call.

There is of course the risk of a big price move in one month meaning you will miss out on a lot of capital appreciation.

Of course: a little like selling too early. But you do get advance money in return, after all. No free lunch and all that. I'm going to check the exchanges you suggested to get a feel for the premiums.

something like that.
You can sell 75K bitcoin calls, collect premium.
Then, if btc is lower than 75K at expiration, you keep BOTH your premium cash and your bitcoin, rinse and repeat.
If it is higher that 75K, then somebody basically buys your bitcoin at exactly 75K (plus $ premium that you collected).
The best thing, it is european style options (at least on ledger X, which is US-based), so your bitcoin would not be yanked from under you in the interim.
Not so good-you need to qualify with above $5 mil to sell options at intermediate odd prices (like 57, etc.).
Anybody who gets approved for the regular account could sell at 25, 50, 75K, now probably 100K as well.
I was considering selling some calls when btc was at $42K, very happy so far that I didn't.
EDIT: I checked and Dec 2021 75K calls have ~16K premium while 100K calls ~11K. Wow.
You can sell Dec 31 2021 200K calls and collect 3.8K in premium (on the bid)-exactly the lowest price in 2020.
The worst case scenario-you would sell at 200K plus 3.8K premium.
Lazer eyes.

Great post, Biodom. You're informative as usual. Thank you!

BTW @somac., I've checked FTX and they only seem to deal in futures - not options. Or maybe I have to sign up to see that?

FTX have the shitist UI ever (bit of an exaggeration). It took me a while to work out where their options were too, and they don't display an options chain either, you have to request a quote. Works well though, however, their premiums are a little lower. Here's a link.

https://ftx.com/options

And here's some more info on how the hell to get to that link and what the deal with finding the options prices are.

https://bitcointalksearch.org/topic/--5316872

smartcomet

full member

Activity: 242

Merit: 101

Quote from: https://twitter.com/mskvsk/status/1363037316965675009

3535 $BTC has been bought yesterday by Canada Purpose Bitcoin ETF, the world's first #Bitcoin ETF.
Total: 6036.7 BTC

https://www.purposeinvest.com/funds/purpose-bitcoin-etf
AUM: 421.8M

d_eddie

legendary

Activity: 2520

Merit: 3038

Quote from: Biodom on February 20, 2021, 07:48:28 PM

Quote from: d_eddie on February 20, 2021, 07:27:55 PM

Quote from: somac. on February 20, 2021, 06:52:56 PM

Quote from: d_eddie on February 20, 2021, 06:48:07 PM

Quote from: somac. on February 20, 2021, 06:22:37 PM

3. Sell BTC covered calls

Hint: covered calls are a great way to sell you BTC, rather than the traditional sell at certain price point on normal exchange.

3. I like this. I imagine it is something like this: sell covered calls by posting btc collateral, and actually sell the btc at the strike price on expiry. Do you have any idea where that is possible?

You are correct. Deribit and FTX, are 2 places that I know off the top of my head. And you don't have to always post a full BTC as collateral, you can use margin, but then run risk of margin call.

There is of course the risk of a big price move in one month meaning you will miss out on a lot of capital appreciation.

Of course: a little like selling too early. But you do get advance money in return, after all. No free lunch and all that. I'm going to check the exchanges you suggested to get a feel for the premiums.

something like that.
You can sell 75K bitcoin calls, collect premium.
Then, if btc is lower than 75K at expiration, you keep BOTH your premium cash and your bitcoin, rinse and repeat.
If it is higher that 75K, then somebody basically buys your bitcoin at exactly 75K (plus $ premium that you collected).
The best thing, it is european style options (at least on ledger X, which is US-based), so your bitcoin would not be yanked from under you in the interim.
Not so good-you need to qualify with above $5 mil to sell options at intermediate odd prices (like 57, etc.).
Anybody who gets approved for the regular account could sell at 25, 50, 75K, now probably 100K as well.
I was considering selling some calls when btc was at $42K, very happy so far that I didn't.
EDIT: I checked and Dec 2021 75K calls have ~16K premium while 100K calls ~11K. Wow.
You can sell Dec 31 2021 200K calls and collect 3.8K in premium (on the bid)-exactly the lowest price in 2020.
The worst case scenario-you would sell at 200K plus 3.8K premium.
Lazer eyes.

Great post, Biodom. You're informative as usual. Thank you!

BTW @somac., I've checked FTX and they only seem to deal in futures - not options. Or maybe I have to sign up to see that?

somac.

legendary

Activity: 2050

Merit: 1184

Never selling

Quote from: d_eddie on February 20, 2021, 07:27:55 PM

Quote from: somac. on February 20, 2021, 06:52:56 PM

Quote from: d_eddie on February 20, 2021, 06:48:07 PM

Quote from: somac. on February 20, 2021, 06:22:37 PM

3. Sell BTC covered calls

Hint: covered calls are a great way to sell you BTC, rather than the traditional sell at certain price point on normal exchange.

3. I like this. I imagine it is something like this: sell covered calls by posting btc collateral, and actually sell the btc at the strike price on expiry. Do you have any idea where that is possible?

You are correct. Deribit and FTX, are 2 places that I know off the top of my head. And you don't have to always post a full BTC as collateral, you can use margin, but then run risk of margin call.

There is of course the risk of a big price move in one month meaning you will miss out on a lot of capital appreciation.

Of course: a little like selling too early. But you do get advance money in return, after all. No free lunch and all that. I'm going to check the exchanges you suggested to get a feel for the premiums.

Good luck with it.

Biodom

legendary

Activity: 3990

Merit: 4597

Quote from: d_eddie on February 20, 2021, 07:27:55 PM

Quote from: somac. on February 20, 2021, 06:52:56 PM

Quote from: d_eddie on February 20, 2021, 06:48:07 PM

Quote from: somac. on February 20, 2021, 06:22:37 PM

3. Sell BTC covered calls

Hint: covered calls are a great way to sell you BTC, rather than the traditional sell at certain price point on normal exchange.

3. I like this. I imagine it is something like this: sell covered calls by posting btc collateral, and actually sell the btc at the strike price on expiry. Do you have any idea where that is possible?

You are correct. Deribit and FTX, are 2 places that I know off the top of my head. And you don't have to always post a full BTC as collateral, you can use margin, but then run risk of margin call.

There is of course the risk of a big price move in one month meaning you will miss out on a lot of capital appreciation.

Of course: a little like selling too early. But you do get advance money in return, after all. No free lunch and all that. I'm going to check the exchanges you suggested to get a feel for the premiums.

something like that.
You can sell 75K bitcoin calls, collect premium.
Then, if btc is lower than 75K at expiration, you keep BOTH your premium cash and your bitcoin, rinse and repeat.
If it is higher that 75K, then somebody basically buys your bitcoin at exactly 75K (plus $ premium that you collected).
The best thing, it is european style options (at least on ledger X, which is US-based), so your bitcoin would not be yanked from under you in the interim.
Not so good-you need to qualify with above $5 mil to sell options at intermediate odd prices (like 57, etc.).
Anybody who gets approved for the regular account could sell at 25, 50, 75K, now probably 100K as well.
I was considering selling some calls when btc was at $42K, very happy so far that I didn't.
EDIT: I checked and Dec 2021 75K calls have ~16K premium while 100K calls ~11K. Wow.
You can sell Dec 31 2021 200K calls and collect 3.8K in premium (on the bid)-exactly the lowest price in 2020.
The worst case scenario-you would sell at 200K plus 3.8K premium.
Lazer eyes.

sirazimuth

legendary

Activity: 3388

Merit: 3514

born once atheist

Fun Fact..... If /when Bitcoin@ $57,042.0420420420.....A Tesla Model 3 (@$37,990) costs .666 Bitcoin.

Hey Elon...put that in your pipe and smoke it.....

Oh ffs!... it dropped below 56K...bitcoin is dead ...

d_eddie

legendary

Activity: 2520

Merit: 3038

Quote from: somac. on February 20, 2021, 06:52:56 PM

Quote from: d_eddie on February 20, 2021, 06:48:07 PM

Quote from: somac. on February 20, 2021, 06:22:37 PM

3. Sell BTC covered calls

Hint: covered calls are a great way to sell you BTC, rather than the traditional sell at certain price point on normal exchange.

3. I like this. I imagine it is something like this: sell covered calls by posting btc collateral, and actually sell the btc at the strike price on expiry. Do you have any idea where that is possible?

You are correct. Deribit and FTX, are 2 places that I know off the top of my head. And you don't have to always post a full BTC as collateral, you can use margin, but then run risk of margin call.

There is of course the risk of a big price move in one month meaning you will miss out on a lot of capital appreciation.

Of course: a little like selling too early. But you do get advance money in return, after all. No free lunch and all that. I'm going to check the exchanges you suggested to get a feel for the premiums.

savetherainforest

hero member

Activity: 1876

Merit: 612

Plant 1xTree for each Satoshi earned!

Quote from: rdbase on February 20, 2021, 07:17:02 PM

Quote from: savetherainforest on February 20, 2021, 06:47:13 PM

Quote from: Gyrsur on February 20, 2021, 05:02:22 PM

who destroyed the poll with forbidden input?

Dunno man, you guys keep this argue of what price is what in how many shells, oysters, crayons, peanut butter slices... The fact is simple 1 million dogecoin is 1 million dogecoin.

The same goes for: 1 Bitcoin is worth 1 Bitcoin. Does it look like the banks will sell back the coins?? Answer: "NO!" ... they will just keep it and lend it to the n00bs as interest and they will keep on rolling trough their own digital currency that is endless and they say that they can do that because everything is backed-up by BTCiTcorn and they can't go bankrupt.

But you can't compare dogecoin to bitcoin.
That is just like arguing with elon that dogecoin is not bitcoin but just a coin created by someone who was bored one day and just did it for the sh*t and giggles in their basement. Cheesy

The first interview on a major news network with the creator of Dogecoin back at the beginning of 2018 said it all just a joke. Grin

https://youtu.be/Nuajz3DnEGQ

Has a bigger cult. Its all about the cult memember numbers. Cheesy

Its worthless if price is too high. It only matters if people believe in using it. Grin

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6039. (Read 26712727 times)