Quote from: niccolo_21 on Today at 08:08:17 AM

Quote from: redwine49 on April 26, 2021, 05:07:59 PM

Quote from: niccolo_21 on April 24, 2021, 02:39:17 PM

This is the reason why in the end I preferred transferring my btc from Bitmex to Binance, where I sold 3/4 of them for fiat money (€).
This way, no matter how deep bitcoin drops, a certain amount of value of money will always be safe.

yeah... but it's not real fiat currency. it's still crytocurrency that claims that each token is backed by fiat currency.
sad thing is you ll have to accept that risk. the risk of holding crypto backed fiat currency.

may be there's a misunderstanding here, or may be it's something I am missing: I didn't sell BTC for USDT or some other stable coin: I sold them on Binance (3/4 of them) to € Eur. I'm inclined to think that is real money. Or you are aware someway that in binance even eur are still crypto? This sounds new to me

I am the one who's doesn't know that there is euro fiat currency exsist in binance.
Maybe because iam just looking for USD fiat and IDR fiat currency

Quote from: niccolo_21 on April 24, 2021, 02:39:17 PM

Quote from: redwine49 on April 26, 2021, 05:07:59 PM

Quote from: niccolo_21 on April 24, 2021, 02:39:17 PM

In particular, if the price drops to 30K, in order to maintain your initial (or maximum) value of $6200 you need to increase your total btc amount to at least 0,2067 BTC. In fact 0,2067 * $30000 = $6200.

that gives us problems if we use bitcoin for trading. especially i think there is a lot more risk than reward by holding bitcoin right now.

it's hard to tell: bitcoin had a year-long run during which the price decupled (!). It can go higher, of course, but it may not. The point in my opinion is providing you with some sort of exit strategy which fits your goals and your beliefs and stick to that.
But this, of course, we all know Grin

Ya, that's true. It's hard to tell. As you said, you aren't a holder. You are crypto trader.
At some point we have something in common. That's why you decide to sell 3/4 of your bitcoin into fiat currency.
As trader, i did the same