/biz/ - Business & Finance

>>15814630
Maybe I will.

But first I gotta figure out where to stick this fucking money.

>$5,750 each in BTC, ETH, LINK, something else?

I've actually been toying with the idea of sticking a bit into a low-leveraged long position on bitmex/deribit. Keep liquidation above 3k or so and ride the wave up

>>12997846
Oh ok, sounds pretty stupidly simple............any tips for a young virgin looking to play musical cars?

I have 2 little hatchbacks, a Toyota and a Nissan, the latter having a big fat dent in the back hatch, and the hood crumpled a bit from a rear-ending lovetap. Broke the AC but it drives fine.

I want to sell the Toyota since it's in overall solidly good condition, and is actually worth something (~5000). The Nissan's blue book value is only like <$3000 and that's not counting the repairs to the hatch & hood.

Anyone flip cars before? I'd love to just play market maker and find a gullible buyer to take the Toyota for several grand, and then maybe give the Nissan to my gf as a commuter car then buy a nice economical stick shift to drive Uber in. I've been flipping smartphones on ebay like it's nothing for probably a decade now; can I basically do the same shit with cars too?

After trading on Bitmex for some time, I've started to appreciate it more as a true hedging tool than some kinda Bitcoin gambler's paradise. With that in mind, I want to come up with some kind of strategy for insanely compounded gains during the next bull run. I want to get it right so I can be ready with a plan in place.

Because the XBTUSD swap pays you out in BTC, shorting at 1x will result in preserving the exact dollar value of the bitcoin you started with (aka, "synthetic USD"). Great, same as if I sold for tether and waited to buy lower.

But that also makes longing EXTRAVAGANTLY more profitable than simply holding a flat amount of BTC through a bull run. As the price goes up, you get paid out BTC on top of your initial BTC, all of which is appreciating on a USD basis every minute. So imagine waiting for confirmation of a clear bull signal after a long and brutal bear market (e.g. right now), sticking your whole BTC stack in a long position, and simply holding it till $100k+. Add margin and leverage as it moons further.

What's the best way to optimize risk for this kind of thing? As I'm an insufferable permabull, I'm willing to wait a very long time for this to happen, even if the bear continues for another year+. As long as I can scope out the bottom accurately enough to make my liquidation unrealistically low, this seems like a no-brainer to me (assuming BTC will overtake its previous ATH at *some* point) I was thinking of maybe keeping a large main stack in a conservatively managed, low- to no-leveraged long with a well-placed entry. Then liquidating some of my shitcoins, and using that smaller stack to scalp, occasionally peeling profits off and putting them back into my main stack, like a savings account.

I've been margin trading my main stack of BTC on Bitmex since the drop from 6k (i.e. basically shorting the entire time). I scalped a fair chunk of BTC profit for myself, but USD-wise, I would've been better off putting EVERYTHING into a 1x short right from 6k, as I ended up with roughly the same dollar value.

What if, then, I were to liquidate all my meager shitcoin holdings and use those for leveraged margin trading, while keeping my main stack short (or long after we bottom out), but with less leverage?

Anyone done this? It would give me a chance to try & continuously scalp, and just occasionally peel off profits to put into my main BTC stack, like a savings account.