- Impact
- 4,450
Bitcoin is already trading at $16,300+
Where do you think it will cap out?
Where do you think it will cap out?
-
-
๐ Domain search now with sales history! ๐ฅณ
discuss Bitcoin above $16,000. Where is it headed?
- Thread starter Arpit131
- Start date
-
- Tags
- bitcoin crypto currencies
The views expressed on this page by users and staff are their own, not those of NamePros.
I had this exact โdilemmaโ couple weeks ago when I was owed a little over USD $10,000. and I chose btc over bank wire.
I actually took a screenshot of the payment at that time to show the client the exact value of the payment so that he could know that he did not overpay (he actually underpaid by about seven dollars):
and here is the value today, about ten days later, with BTC not even at its high:
Now, none of this means anything until I cash out which I have this and many more BTC and not planning to cash out anytime soon, but still - so far, so good!
Only "downside" is that I just billed the client on Friday for another $1000. in services and he is pointing out that I am $5000. ahead, which actually, on Friday I was $7000. ahead.
He is saying, "You made $5000. off me!" so then of course I have to give the complicated explanation of why it's all paper profit, that none of this should matter, etc...ending with the punchline of, "How would you like to pay this $1000.?"
I actually took a screenshot of the payment at that time to show the client the exact value of the payment so that he could know that he did not overpay (he actually underpaid by about seven dollars):
and here is the value today, about ten days later, with BTC not even at its high:
Now, none of this means anything until I cash out which I have this and many more BTC and not planning to cash out anytime soon, but still - so far, so good!
Only "downside" is that I just billed the client on Friday for another $1000. in services and he is pointing out that I am $5000. ahead, which actually, on Friday I was $7000. ahead.
He is saying, "You made $5000. off me!" so then of course I have to give the complicated explanation of why it's all paper profit, that none of this should matter, etc...ending with the punchline of, "How would you like to pay this $1000.?"
Last edited:
shorterwinters
Established Member
- Impact
- 663
How would you vote?
Twitter is probably the last place to take a poll like that and have it mean anything. Place is foaming from the keyboard and crazier than a shit house rat over crypto though it would be interesting if stocks and such were a choice.
Still trying to grasp the whole thing.
Pretty interesting watching it and everything around it unfold.
I found it fascinating watching it Thursday and Friday especially. It's almost scary.
What happens when the next 4-5 million are mined and that's it?
Interesting times coming up I think.
just saw this.....hahahaha.....kind of says it all.
https://twitter.com/6BillionPeople/status/939706427706433537
Last edited:
- Impact
- 481
The $10,000 was "gifted" (no effort to earn it).
The reason I mention this...
If the same survey were phrased differently and indicated you had to work shoveling shi* on a farm for a 3 months to earn $10,000 and then had to put that money away for 10 years, then which of the following 4 choices would you pick (knowing you would have to go back to shi* shoveling if you lost it)... I bet the responses might skew towards a more conservative approach.
Sweat and effort change a person's perspective towards risk and stability.
The reason I mention this...
If the same survey were phrased differently and indicated you had to work shoveling shi* on a farm for a 3 months to earn $10,000 and then had to put that money away for 10 years, then which of the following 4 choices would you pick (knowing you would have to go back to shi* shoveling if you lost it)... I bet the responses might skew towards a more conservative approach.
Sweat and effort change a person's perspective towards risk and stability.
It doesn't mean anything yet, too soon to say, but the futures trading I'm observing in my Deribit account have been steadily rising. Average strike $15,400. now was as low as $15,100. or so. Average strike for March 2018s is $15,800.
As far as options, much higher premium on the Dec. 29th close to the money calls than puts at strike $15,000. - calls average premium $2450. per contract, puts more like $2000.
The above are all for Derebit, which has actually been trading BTC futures and options since July 2016.
Because I have a lot of capital I've always preferred the actual stock to options - no expiration date with the equity - but it will be interesting to see how more mainstream futures and options affect BTC. With regular stocks most options expire worthless.
With stock, options are like the tail versus the dog being the stock. Similarly with BTC, mainstream futures trading may turn out to be much ado about nothing.
As far as options, much higher premium on the Dec. 29th close to the money calls than puts at strike $15,000. - calls average premium $2450. per contract, puts more like $2000.
The above are all for Derebit, which has actually been trading BTC futures and options since July 2016.
Because I have a lot of capital I've always preferred the actual stock to options - no expiration date with the equity - but it will be interesting to see how more mainstream futures and options affect BTC. With regular stocks most options expire worthless.
With stock, options are like the tail versus the dog being the stock. Similarly with BTC, mainstream futures trading may turn out to be much ado about nothing.
Last edited:
Average futures strike over $16,100. now.
Anyway, see what happens, too early to say, but the instant cataclysm predicted by some "analysts" and some on this thread, is not happening.
Like I said yesterday:
Anyway, see what happens, too early to say, but the instant cataclysm predicted by some "analysts" and some on this thread, is not happening.
Like I said yesterday:
Last edited:
- Impact
- 8,387
- Impact
- 2,227
Donโt get out much do you? if you seriously consider tonightโs action to mean much of anything.
More like a big yawn. Futures and options trading on BTC has been going on for a year and a half. Tonight all that happened is it started to go mainstream and rather than provoking havoc, prices stabilized.
This story hasnโt been completed yet but the title of tonightโs chapter could be Much Ado About Nothing.
More like a big yawn. Futures and options trading on BTC has been going on for a year and a half. Tonight all that happened is it started to go mainstream and rather than provoking havoc, prices stabilized.
This story hasnโt been completed yet but the title of tonightโs chapter could be Much Ado About Nothing.
Last edited:
- Impact
- 2,227
LOL.
The futures and options trading your talking about was backyard trading compared to whats coming.
Are you really comparing the options trading that has been active for the last year or so with what is coming?
And to be clear I own btc and have for a long time.
But I see the writing on the wall a mile away.
I wonโt make any assumptions about your experience.
But Iโve been heavily involved in the stock market for many years and as I mentioned above, options/futures are like the tail, while the stock itself is the dog. The tail doesnโt wag the dog and so far this remains true whether weโre talking about bitcoin or AMZN.
Most options expire worthless and itโs mostly folks who canโt afford to buy large amounts of the underlying stock who play them.
โ-
And if you want to talk about shorting - in the history of stocks there has never been a case where shorting in and of itself led to a stockโs long term decline. Sure, sometimes when things are dicey news that some big player entered a short position might short term rattle the market but over all, over time, a stock tends to go wherever it would have gone anyway, with or without a large short interest.
โ-
Given that you and I both own btc we should just wait for 2018 because it should bring higher prices. Good luck to us!
But Iโve been heavily involved in the stock market for many years and as I mentioned above, options/futures are like the tail, while the stock itself is the dog. The tail doesnโt wag the dog and so far this remains true whether weโre talking about bitcoin or AMZN.
Most options expire worthless and itโs mostly folks who canโt afford to buy large amounts of the underlying stock who play them.
โ-
And if you want to talk about shorting - in the history of stocks there has never been a case where shorting in and of itself led to a stockโs long term decline. Sure, sometimes when things are dicey news that some big player entered a short position might short term rattle the market but over all, over time, a stock tends to go wherever it would have gone anyway, with or without a large short interest.
โ-
Given that you and I both own btc we should just wait for 2018 because it should bring higher prices. Good luck to us!
Last edited:
Bitcoin as a payment utility is useless, slow and and high fee's - the benefits of using bitcoin as a payment alternative are gone.
https://www.cnbc.com/2017/12/11/bit...about-the-future-of-the-digital-currency.html
https://www.cnbc.com/2017/12/11/bit...about-the-future-of-the-digital-currency.html
Similar threads
Polls of interest โ
-
What are your strengths as an investor?- 181 voters
- 26 replies
-
What's your domain portfolio size?
- 448 voters
- 134 replies
-
How do you think a potential buyer first checks if your domain is for sale?- 466 voters
- 52 replies
Hot this week โ
-
What Separates Domain Investors Who Fade Away From Those Who Stay?- 31 comments
- 23 points
-
Reflections on Palindrome Domain Names- 14 comments
- 74 points
-
Green.com domain name changed hands for $7.5 million- 9 replies
- 57 points
Hot this month โ
-
Most Domains Don't Sell Because...- 51 comments
- 64 points
-
WTB: LWord.com, LLWord.com, LLLWord.com, budget is $10-$3000 per domain.
- 46 replies
- 1 point
-
Seeking Premium One-Word Domains ( .IO / .AI / .ORG) โ Wholesale Only
- 47 replies
- 42 posters
-
How do you spot domain trends BEFORE they explode? (like claw keyword did)- 42 replies
- 2 points
Blog favorites
-
Reflections on Palindrome Domain Names
- 14 comments
- Bob Hawkes
-
5 Debates Domainers Will Never Agree On
- 21 comments
- Sully
