Topic: You want a Real Currency trade fellas? Take a look at BTCvsYEN (Read 1724 times)

K guys I feel like I'm defending the trade .... sorry for posting a good trade. Ill be sure not to make that mistake again.  

Bitcoin or die!

+1

Something about liquidity and rationality.....

do you need the leverage, which asset class/currency has gone any where near BTC rate of apreaciation over the last 4 years, 100000% or something ridiculous like that. No amount of leverage anywhere has had that much effect or return.

Anyway I'm saying great and I agree with you, the issue for me with Fiat is any country can print, sieze, and change taxes at will. BTC not so much

In any event BTC is going $210B, 2.1T then 21T market in the next few years.

Do you have 50:1 leverage no , say you want to pyramid into your trade on the way up? You have the option and leverage to do it with Break even risk if you do it properly in the fx market.


Check out yours truly today. NKD rippin , USD.JPY rippin.....Savings of Japanese getting smashed. You new millionaires with all your eggs in bitcoin should diversify into real liquid markets ya know ... Just an idea.

The fact reddit has a suicide hotline on the main bitcoin page speaks volumes. Diversify

hmm interesting

in BTC / cryptos 10x a month is normal in both directions.

No way Baked by Melissa can fail.  They have security guards.  Guarding the cupcakes.  These are some serious cupcakes.

JPY Dumps And Nikkei Explodes As Japan's (32nd Month In A Row) Adjusted Trade Deficit Hits Record High


Just because we thought it worthwhile to keep track of how out of control things are getting in Japan, a quick summary of this evening's data....

http://www.zerohedge.com/news/2013-12-17/jpy-dumps-and-nikkei-explodes-japans-32nd-month-row-adjusted-trade-deficit-hits-reco

Mark Cuban is shorting the yen, it's his backup plan just in case the cupcake startup he invested in on "Shark Tank" falls through 

Where?

Mark Cuban took every available cent of collateral and took out a huge loan in yen terms at 78. Best trade ever.

Soros  in on it

Drukenmiller in on it.

The biggest traders in the world are going to continue attacking this pair.

The "Japan implosion" trade is littered with carcasses.

No prob, glad to help you Bitcoin pioneers out truly great innovation that will change money as we know it.


and to the other dude....yes this has been going on for years, but now it's at the exponential tipping point where it WILL blow up in their face.


There is a good vid @

ShortJapandebt.com      

I'm not affiliated with that site.


BTW if you don't like the trade , then take the other side, I'll be glad to take your money.

At the very least, folks should not let their YEN savings just sit there in the bank and deteriorate at such a rapid rate.

Don't take this seriously. The Japanese government has been flirting with deflation for years, the central bank of Japan is simply carrying out monetary easing to bring the inflation to a healthy level of ~2% to invigorate their economy . We're likely to see the USD/JPY rate move from 103 to 110 or so over the next year, but 1,000 has absolutely no basis in reality.

just threw 2 btc m8 ty

I trade "real" currency for a living and have never seen such a distortion in the market.....
Short Japanese yen vs bitcoins/altcoins/usd or whatever! They don't deal in printing trillions, they print QUADRILLIONS. they are fucked, they plan to double their monetary base in just two years! usd/jpy is around 103.....I and other big traders I know have strong conviction it will be at least 1000 when it blows up in their face in the next couple years. You can lever up the trade  in Oanda if you want to put some risk capital towards it or just use btce or one of the exchanges that will let you short Yen. The ideal pair to use is long NZD/JPY New Zealand dollar vs yen and you earn carry interest everyday too. THis isn't a day trade , this is a multiyear trade that will pay big.

Just started trading with these cryptos the other day, It's pretty fascinating the arb oppurtunities out there right now. If there is anyway I can help people who have made good money here diversify into other areas like Currency majors or commodities let me know , maybe you can help me figure out what I'm doing with mining lol, I just started with two 7870's got 425khash going so not bad for a newb . We need a stable exchange up in here! Then I'll really be trading these beasts like I do with the Majors right now. Anyway take care.


ps. if you are Japanese and have substantial savings in the bank sitting there, MOVE IT into something that preserves value. Otherwise you'll see a huge friggin haircut because of your gov't and central bank.

If you find this trade of benefit to you now or in the future feel free to throw me a bitcoin or two.
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Regards,

Z