Price Prediction?
1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:
- Thread starter JordanWearinThe45
- Start date
wtf for real??! How’d you find that out (never surprised tho)He dragging it with the title. Lol
him and his brother are racist tho
In The Zone '98
Superstar
southpawstyle
Superstar
I was listening to Mario new fake space today and a speaker was saying the big players are talking about 12-13m in the future
Just keep government out of it plz
southpawstyle
Superstar
Also I better get at least 300$ from this pumpfun air drop or I’m gonna go apeshyt
Koichos
All Star
The amount of money to be made in this space is actually disgusting. And with a click of a button, too. No other sector compares.Well then
Not trying to pry:Do you normally use non-KYC for those trades?
I’m taking some time off soon and I plan to dedicate a lot of that time to studying this stuff
How much capital is needed to make enough each month to make say $3000-$5000 a month off ETH and BTC ? I always assumed you needed $50,000 to live off those especially BTC.
Bushmaster69
Superstar
Really?He dragging it with the title. Lol
him and his brother are racist tho
When have they said anything racist? They usually just talk about crypto and politics impacting the crypto sphere.
Koichos
All Star
I always KYC, whether required or not, so that my legal name is attached to my Public ID should there ever be insolvency issues. I use Kraken for spot and Bitunix for perps but my spot portfolio is generally long term (bear market to post-halving) while BTC and ETH perps is how I actively earn an income. Stick to spot, trade support/resistance.
Do you normally use non-KYC for those trades?
I’m taking some time off soon and I plan to dedicate a lot of that time to studying this stuff
I mean, I can do it with less than $50,000 but it really depends on one’s experience level and risk tolerance, and I should probably add a caveat that my post#59,629 was made with perps/futures in mind since you can profit both on the way up (long) and on the way down (short) all while leveraging your margin, but it’s not exactly beginner friendly!
Don’t worry about capital. Learn your way around a chart (I cannot recommend Bulkowski’s Encylopedia of Chart Patterns enough!), find a strategy that works for you, and stick to it. It takes practice like anything else. Start with 100, $1 trades. If you end up with less than $100 at the end of the challenge, you’re not ready. Start over. Baby steps.
To give an example, I took 3 trades today using no more than $30,000 on a single trade:
- ETH long, $18,000 margin/capital at 50x for a $900,000 position
- BTC long, $30,000 margin/capital at 40x for a $1,200,000 position
- ETH long, $16,000 margin/capital at 50x for a $800,000 position
and made just over $60,000. One or two more days and I should be done for the month.
Kornball The Conqueror
Superstar
we getting tariff this week?
Koichos
All Star
Postponed.. again.. until August 1. Just toying with the market at will. Also rumors going around that Powell’s resigning soon which sent the market on a tear this afternoon.
I always KYC, whether required or not, so that my legal name is attached to my Public ID should there ever be insolvency issues. I use Kraken for spot and Bitunix for perps but my spot portfolio is generally long term (bear market to post-halving) while BTC and ETH perps is how I actively earn an income. Stick to spot, trade support/resistance.
I mean, I can do it with less than $50,000 but it really depends on one’s experience level and risk tolerance, and I should probably add a caveat that my post#59,629 was made with perps/futures in mind since you can profit both on the way up (long) and on the way down (short) all while leveraging your margin, but it’s not exactly beginner friendly!
Don’t worry about capital. Learn your way around a chart (I cannot recommend Bulkowski’s Encylopedia of Chart Patterns enough!), find a strategy that works for you, and stick to it. It takes practice like anything else. Start with 100, $1 trades. If you end up with less than $100 at the end of the challenge, you’re not ready. Start over. Baby steps.
To give an example, I took 3 trades today using no more than $30,000 on a single trade:
- ETH long, $18,000 margin/capital at 50x for a $900,000 position
- BTC long, $30,000 margin/capital at 40x for a $1,200,000 position
- ETH long, $16,000 margin/capital at 50x for a $800,000 position
and made just over $60,000. One or two more days and I should be done for the month.
margin/option trading with crypto
Koichos
All Star
Yes, very dangerous and not recommended. Spot investing should be the focus. I didn’t touch perps until after retirement, after having been in the space since 2011 silk road.
Fun fact: Arthur Hayes, the pioneer of perps, doesn’t even use it.
Koichos
All Star
BTC still above $111,000 I see..