BTC IS KING

Just market brought 8k worth of BTC was this a mistake or the right move

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If you plan on holding definitely a good idea. Know that there will be dips and price corrections that you can't forsee. Don't even try to. That's when people panic and buy high/sell low.

Think about how long you wanna keep the BTC and hold them for that long, regardless of ups and downs. We're closing in on the cap with only 2.4M out of 2.1M left. Prices will rise quicker and quicker from now on. And as that happens, people won't want to sell cheap anymore. Which drives prices further up.

If you like money then just sit on them for at least a year and you're good..if you're a fag go got panicky over every dip and rise and make all of us more money by selling cheap. Your choice OP

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*21M, not 2.1M

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This is my current portfolio not including the 8 k I just market brought for, you still think BTC IS a good investment?

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OFC BTC is a good investment. I say it beats any blue chip stock right now. Still, though. We're probably entering a correction sometime within the next few... weeks? Possibly days? Just be ready for the dump, and then you'll see a lot of pink wojaks here in biz. It'll be pretty funny lol.

get rid of anything that isn't BTC ETH or LINK

What do you think BTC will peak at before a dump?
What about my XRP I FOMO’d because of the schizos on this board and I nearly doubled my investment

You're asking stupid questions, OP. Nobody can tell you what the price will be

True suck a big fat dick, share your portfolio

keep the XRP for the airdrop on Dec 12th. then dump before everybody else does. I'm not an XRP schizo but its up nearly 50% this month anyways

should've waited for price correction

is that the flare thing they keep talking about?

yes 1:1 FLARE/XRP ratio

What about the btc/eth ratio? I've heard 1:10 but it looks like it's mostly around 1:30's. Does this mean we're already at the point where eth caught up to btc?

huh??

kek we're in for a correction pal
should've waited for 17k or something maybe 16k

Coinbase is not on the participating flare platforms?

Doesn't eth follow btc?

this

also OP why aren't you going long with leverage? surely you seem to have capital, why put all of it on LINK when you instead can have a much smaller stake, ex $2k on LINK at 10x or even 50x leverage? 50% the remaining $21k you can use as margin, you'll easily hit a liq price of about $11 or $10. If LINK gets to that surely fuck cryptos to hell? Would you hold LINK with $23k if it went to $11?

More people need to do leveraged trading because that's how the millionaires and billionaires are made. Every hedge fund manager is leveraged

I had to use Exodus
we're talking about the ratio of FLARE they are giving you for the airdrop

You're an idiot.

I know but since you seem familiar with ratios I asked in relation to eth

>buying at the top
jesus christ OP. You need to learn about hedging against risk.

we're talking about an airdrop dude haha. I don't know fucking shit about chart analysis

can you explain how to do this or a good source to learn? Is this what they are doing on sites like Ledgerx? Like you place 2000$ down to predict if BTC will be above a certain price a certain month and if it is you 10x your money basically?

BTC will struggle to beat the ATH. There will be at least one correction to the end of this year.
Right now its the turn of the altcoins to pump.

no so what you do under-the-hood is you borrow 10x the amount you bet or 20x or 50x

so you pay for $500 of LINK but you get $5000 worth of LINK if you leverage up at 10x, if 50x you get $25000 and so on

after your position's opened, if your position goes down to the point where it's down -$500 (easy if you own $25000 worth of LINK for example), your position is liquidated and you lose the money, so you add some margin to your position, eg you buy $25000 worth if LINK for only $500 and you add $5000 margin (your position won't be liquidated until it's down -$5500)

So now if you hit the bullrun (if you did this last week for example you'd be safe as fuck now), if LINK goes up 2x for example, you profit 100% (if your position is $25000 with the 50x leverage you profit $25000 off of only $500).

For your position to bel iquidated it would now have to go down -$25000 and then the -$500 (or $10500 if you decided to add margin), so the higher up it goes the more it has to come down to be liquidated

If it goes up 2x you need a total crash for it to be liquidated and as long as that doesn't happen you can just hold it and keep making 25x in profits with this trade

Hope it's making sense

Many exchanges allow leveraged futures trading but I use Binance because that platform is OP. Very good platform all around and they've got great pairs (no need for USDT to do futures trading which is good) and so on just a great platform overall especially for futures trading

BSHA3 will = one day

So to expand, I bought $1000 BTC at 100x leverage, so that's $100,000 worth of bitcoins I own right now, at $15800. I'm currently up$30000 in pure profits. $30,000 off of a $1000 move. I put $1000 in margin, so $1000 investment and $1000 margin (had wiggle-room for BTC to dip to $15200 before I was liquidated. $15200 would mean my position would be down -$2000 and I'd lose all my investment and margin. It didn't hit $15200 and has just gone up since).

For my position to be liquidated now it has to hit $15200. As long as it doesn't do that I can continue hold forever and make 100x what I would've originally made had I just bought $1000 worth of actual Bitcoin. I currently have $100k worth of bitcoins essentially at the cost of $1k.

Hodl til $1m (4-5 years) and you'll have a good chunk of money, $100k next stop.

damn!! It started making more sense when I read part 2. Thanks for all of that. How does it work when you want to cash out then? Like could you cash out right now and take 30,000$ cash but you would lose your margin?