Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
My mistake was in that i was thinking that Mr market would try to push banks up after FRC supposed "rescue", but it lasted for a whole 2 hours, then reversed.
My plan was to buy puts into a rally, but I am not buying those into a sharp decline and increase in premium and volatility.
Hence, still flat in the money market with about 5% returns (plus some long term time horizon stocks).
My plan was to buy puts into a rally, but I am not buying those into a sharp decline and increase in premium and volatility.
Hence, still flat in the money market with about 5% returns (plus some long term time horizon stocks).
Pro tip: Don't be fucking around with that shit.
Buy bitcoin and don't be whimpy about it.
#justsaying.
Dude, I am not selling bitcoin for consumption (as someone else does,
), hence no need to generate cash flow: salary is nice, but sometimes I want a little extra, hence playing with a play money on the other markets.Money market is different since I have too much exposure to "risk" already (via bitcoin, mainly).
Therefore, money market acts as an "anchor" to fiat portion, counterbalancing "risk" in btc.
But, to each their own and I would understand even a 100% btc position if someone would say that this is what what they think is proper.