/biz/ - Business & Finance

>>26896108
>>26896216
HERE WE FUCKIN GO

>>26195412
i was up 10x in a week trading options on btc. didnt sell the top though, now im down to only a 3x for the month.

It means you will receive $1 for every $1 above $10k eth is. so $11k eth means you make $1k.

Is your exchange "European-style options"? That means you can only redeem at the end of the month. you can sell at any time though.

Is your exchange "physically settled"? that means you would need to provide the $10k yourself. so if eth is at $11k, you would need to pay $10k to get that eth that’s valued at $11k (or you can just sell it to someone else for about the same profit.

how many contracts did you buy?

rollin

>>25923742
oh yeah they have a few more of those left dont they? you should have seen the first staking round before they were using balancer, it dropped 70%. of course i was staking at the time...

me too

>>25772532
>Well how is it backed? Where did they get $20 billion from?
maybe from the $20 billion of funny money they sold? listen it’s simple. i give you 100 usdt in exchange for you giving me 100 usd. the usdt you now hold is backed by the usd i now hold.

f i put the money into crypto then i will have even more, although i wont want to be audited as long as i am in crypto. once normies and institutions fomo in, i can stop minting tether, cash out my initial and walla, tether is 100% backed plus i made a ridiculous amount of crypto money which i can put in cold storage.

both usd and usdt are being printed like mad now so the elite can grab as much of the crypto market share as possible before adoption. in the short term they will make neets like us hilariously wealthy, but in the long term they are preventing the "greatest wealth transfer in history" from affecting them too much, because 99% of people will sell their bitcoin for the right price. I’LL NEVER SELL isn’t just a meme.

>>25723591

LedgerX. Stop playing with shitcoins and learn how to buy bitcoin calls faggot. I’m up almost 8x this week.

>>25713207
buy bitcoin calls with the other 25% and youll make it back in a month. screencap this. anyone who doesn’t at least double their stack from $40k to $50k is a complete retard, unless this is your first bullrun in which case it’s forgivable.

>>25704565
buy calls retard

This is a thread for people who want to bet $1000 United States Dollarinos that Bitcoin will break $50k in the next month.

A Call with a $50k strike price means for every dollarino above $50k that Bitcoin goes to by the time the option expires, you get that much money. So if Bitcoin goes to $60k, you get $10k for every 100 contracts you buy. (1 contract is like 1%). Right now you can get 100 of the January 29 - $50k strike contracts for about $2500 (maybe less if you’re lucky), so if Bitcoin makes it to $60k you would make about $10k. If you only want to spend $1000 you can probably get about 40, which would give you 40% of that.

Of course, if Bitcoin doesn’t make it above $50k by the end of the month, you lose EVERYTHING. So don’t bet more than 5% of your stack, or maybe $1000 if you’re a poorfag. Then if it fails, you can just spend another $1000 on $50k contracts for the next month. You can keep the rest of your stack in Bitcoin, or your altcoin of choice.

"Physically settled" means to execute the contract for $50k Bitcoin, you actually need to have $50k on hand. So if you don’t have that just be sure to sell your contracts a day or two before they expire, provided they are "in the money" (above the strike price of $50k). LedgerX (the only legal options exchange for Americans) is physically settled.

"European style" options can only be exercised right before they expire. They cannot be exercised during a sudden spike in the Bitcoin price, but only on the day of expiration. LedgerX is European style (even though it’s American haha). You can sell them anytime though, so that’s what you do. Keep in mind that options prices fluctuate MUCH more than the price of bitcoin does, and it’s usually delayed since it is reacting to the PERCEIVED MOMENTUM of bitcoin, not so much the price.

only good for staking

Charles, I was sold on Cardano but when you said your friends were arrested for having a Thanksgiving gathering and you were thinking of running for president it suddenly became clear to me that you are a giant phony, and I decided then and there to walk away from not only ADA but all future projects you are involved in. Really tired of being bullshitted.

And yes, you are the Holiday Inn version.

>>25466395

hey so this election on the 5th and the Trump bullshit on the 6th, anyone have a prediction what the markets will do?

I’m starting to wonder if tether is such a big deal anymore, now that they’re printing REAL U.S. dollerinos even faster

>>24567478
bitcoin doesnt have to be the BEST means of exchange. there’s never been one world currency and there never will be. you already saw what happened when they tried to make the US dollar the world currency ~ the people in control of the supply corrupted it to the point where you cant even save money in a savings account or 401k anymore, so people have been fleeing the US dollar in droves. also im pretty sure zelle payments are only a thing now because banks feel they need to compete with crypto, otherwise they would never bother to improve their systems. monopolies dont last, competitors always pop up, and bitcoin is a competitor that’s been making waves in the world financial system by doing things the dollar cannot do, in a largely decentralized way.

so to answer your question, i agree, nothing can be a store of value without deriving its initial value from something else, and for bitcoin that value is its utility as a currency that can’t be arbitrarily inflated or frozen by the government or banks. while that can describe cryptocurrencies as a whole, bitcoin gains value ON TOP of that by being seen as one of the safest cryptos to store your money when you are not using it.

the same can be said for gold. people dont usually use gold as a currency, but they CAN. of course gold gets most of its value from the fact that it’s pretty and collectable (electronics werent a factor a thousand years ago), but it’s value as a currency is probably the second thing it gets value from.

well nowadays the most useful currency is the electronic kind, even retarded people can understand that. and even before computers, non-tangible currencies have been around at least as long as the promissary note. it’s hard to argue the value of tangibility when people have been trading bank notes for thousands of years.

>>24194180
Bullish , capital will stay inside the ecosystem.

>>24154877
https://www.cryptowisser.com/debit-cards/?lang=es

>>24086847
Dollar will suffer big devaluation next year, hedge with bitcoin , litecoin , monero & ethereum in that order.

KEYNES DELENDA EST

In a way that can be done fast with little kyc

I don't intend to sell btc ever but i would not mind having a part of my stack entering / leaving stablecoins to surf the insane waves we will have in the next two years.

I know binance is fast to do with tether but for dai i found little options except binance classic of which i found no explanation of it's usage.

speaking of eth, has anyone ever used the bzx site to take out crypto loans? it look like you can borrow USDC using ETH as collateral, then sell the USDC for ETH, use it as collateral to get more USDC, etc etc. it looks like you can end up with 4.5x the eth (held as collateral) if you dot that. so it’s like a taking out a 4.5x long position except you cant get stop-hunted/liquidated. the interest comes to about 5.5%/mo, so it’s good for a few months in a bull market but not for a year long crab. anybody else know about this?

the one-two punch could be a contested election PLUS no stimulus until after the lame-duck session (so no actual money until February). also Christmas sales are going to be way down, and i predict the corona numbers will be inflated even more (like today). looks like a good time to sit on some fiat and wait to buy the bottom, maybe during peak post-election insanity. (most alts are bottomed now but btc and eth still follow the stock market and can probably fall 10% for btc and 20% for eth.) no clue if this all happens, but seems like good odds.