fuck this shit.
Have your various interest earning bullshits been liquidated, yet?
sorry for your loss.
Only a loss (actually still mass amounts of profit) if I sell, and that is NEVER going to happen.
Hahahaha
Ok... Fair enough.
Why was I trying to read more bitter in you than actually exists?
Maybe because you have been expressing a lots of emotions in recent times? Perhaps? Perhaps?
I'm just having a whinge, that is all.
Also, speaking of my "interest earning bullshits" that I did with 1 BTC, It has been going awesome. I pulled in, as income, USD15k on that 1 BTC so far (2.5 months). If only I had the balls to of used more BTC. Also None of that 1 BTC is gone, it still = 1 BTC.
Probably for more than half of the over 7 years of my participation on this forum, I have been suggesting that for fuck you status, there are probably a lot of guys who would need at least $1million in capital, so that would be presuming a $3,333 per month as passive income a starting point. I have been inclined to double that amount in the past year or two - and probably especially after some of the shocking aspects of the early 2020 money printer go burr situation.. so that would mean $2million in capital which would be presumed to be able to sustain about $6,666 per month in passive income.
You seem to be suggesting that you are getting about $6,000 per month ($15k/2.5) in passive income with merely 1 BTC.. which surely would have fluctuated in value between about $30k and $64,895k.,. Seems too good to be true... to be sustainable? Even considering BTC values at $60k, to be able to earn 100% the value of the BTC in 10 months.
Yes that 1 BTC has also, unfortunately gone down in value over those months, but we play 1 BTC = 1 BTC here so not to worry.
Too good to be true? No. Sustainable? unlikely over the long-term with just 1 coin.
I have been selling OTM call options on that 1 coin, those calls have stupid high premiums, so making that money quickly is easy enough, the problem will come if it goes up in price substantially within the short time frame (hopefully it does and stays there), this is where it is possibly not sustainable, and all you can do to avoid is sell well OTM calls (less premium) or do you best to time your trades.
We'll see how it all goes in the end, but in my mind it beats selling, as if I were to do this I would lose all capital gains where as OTM calls mean I still get some capital gains at least.
I have done this trade in legacy markets prior, so experience helps. Understanding the greeks is paramount to maximising ones return, right now the volatlity has created some pretty high premiums so even now the gains can still be fantastic, that will drop off though as time goes on, but hopefully price goes back up at same time.
This shit ain't for everyone and I certainly don't recommend it without a full understanding of what you are getting into. HODL will always be the best strategy long-term for accumulation of capital.