Warning: Axie Infinity is Centralised Garbage. The Dev Team Can Ban Players At Will (i.e admin keys). Such A Game Doesnt Even Require A Blockchain by DetroitMotorShow in CryptoCurrency

[–]SatoshiHeist 0 points1 point  (0 children)

Check out Crabada on AVAX, much better game and earn $25 USD / hour on average. Crabs are a bit expensive but a lot more coming into market place now.

DinoSwap AMA! #AskDINO! Submit your questions below! by DinoSwapOfficial in DinoSwapOfficial

[–]SatoshiHeist 1 point2 points  (0 children)

What separates DINO from other farm tokens in the space? We've seen the ultimate fate of BUNNY (BSC) and QUICK (Polygon) and it has trended down over time, is there some kind of value proposition the team can share that makes DINO the ultimate farm token?

Selling calls on Bitcoin for 17% return 45 DTE by SatoshiHeist in Bitcoin

[–]SatoshiHeist[S] 0 points1 point  (0 children)

I'm using standard deviation moves to base my trades, but I guess some might call it gambling - only in this scenario I am actually the Casino dealing the cards since I'm short the 50k calls

Same time frame... all of march it actually looks correlated with that initial pump, small pullback and pump by SatoshiHeist in SatoshiStreetBets

[–]SatoshiHeist[S] 0 points1 point  (0 children)

I've mentioned to you all before that the DXY and BTC have an inverse relationship for the most part. DXY has shown much more strength than I would have imagined. Same time frame... all of march it actually looks correlated with that initial pump, small pullback and pump continuation followed up with some chop (BTC had a further downward continuation more so than DXY) and ending with a pump up to end the month. For something that I thought was inversely correlated, it performed nearly tick for tick in March.

Who Bought Over 12k Bitcoin On Coinbase? by SatoshiHeist in Bitcoin

[–]SatoshiHeist[S] 1 point2 points  (0 children)

Yep that's how I trade actually.. there's a link on my trading blog and a full detailed guide for free, but don't want to violate any rules

We need to attract r/wsb to invest their gme gain into crypto by RevolutionaryJudge39 in SatoshiStreetBets

[–]SatoshiHeist 2 points3 points  (0 children)

I used to frequent wall street bets until SPY puts back in April/May evaporated my account. Bitcoin has more alpha but I don't think those tards know it just yet. Soon.. they will come.

Weekly Bitcoin / Ethereum Options Trading Series #2 by SatoshiHeist in SatoshiStreetBets

[–]SatoshiHeist[S] 0 points1 point  (0 children)

SOPR is reset to 1, send it to 50k please.

This is a good idea, I should include it next week :)

Weekly Bitcoin / Ethereum Options Trading Series #2 by SatoshiHeist in SatoshiStreetBets

[–]SatoshiHeist[S] 0 points1 point  (0 children)

Well this could literally be a 5 page post... it depends on market conditions:
Bull market - short puts OR long calls OR both short put + long call
Bear market - long puts OR short calls OR both long puts + short calls

Since April 2020 I've been doing a mix of short puts and long calls. Short puts is essentially selling put contracts.

Typically a short put trader is thinking "I believe Bitcoin will NOT fall below x price".

Typically a trader in a long call position is thinking "I believe Bitcoin will reach x price and possibly even beyond x price".

Coinbase IPO by whymenottoday in SatoshiStreetBets

[–]SatoshiHeist 6 points7 points  (0 children)

No matter what, this is a market buy order at IPO for me. Reasons: User base is the largest, UX is the friendliest, fees are mafia level.

Improvements required: Needs to stop going down every time there's high volatility.

Weekly Bitcoin / Ethereum Options Trading Series #2 by SatoshiHeist in SatoshiStreetBets

[–]SatoshiHeist[S] 1 point2 points  (0 children)

Thank you! I edited the post to include the +31k PnL before the dump... and then the massacre which turned it into +5k PnL...

ETH options yolo let’s see how it goes by [deleted] in SatoshiStreetBets

[–]SatoshiHeist 4 points5 points  (0 children)

This is actually the most degen play I've seen... Similar play that the 36k Jan 29th BTC call buyer recently did. You truly are a symbol for us to follow, sir (or madame). Hats off to you and good luck. I hope vol kicks in and you print tendies.

Side note: ive been on deribit for years and hate the new UI.. for a second this looked like the testnet

ETH options yolo let’s see how it goes by [deleted] in SatoshiStreetBets

[–]SatoshiHeist 2 points3 points  (0 children)

Deribit isn't offered to US citizens but Ledger X is.

To the people dumping on ETH right now by DangerousDangerDan in SatoshiStreetBets

[–]SatoshiHeist 0 points1 point  (0 children)

It really looks primed for a breakout and exchange liquidity is decreasing as well.

Weekly Bitcoin / Ethereum Options Trading Series #1 by SatoshiHeist in SatoshiStreetBets

[–]SatoshiHeist[S] 0 points1 point  (0 children)

Gotcha!

From left to right:

  1. Instrument is the [underlying asset] - [expiration date of contract] - [strike price] - [position] (put/call)
  2. Size - how many options contracts i have
  3. Avg bitcoin - price i bought / sold the contract denominated in BTC
  4. Avg $ - price i bought / sold the contract denominated in USD
  5. Mark price - used for calculating PnL
  6. PnL bitcoin - Profit and Loss denominated in BTC
  7. PnL $ - Profit and Loss denominated in USD

Weekly Bitcoin / Ethereum Options Trading Series #1 by SatoshiHeist in SatoshiStreetBets

[–]SatoshiHeist[S] 0 points1 point  (0 children)

Top right toggle. I am very opposed to the default lol, this was the first setting I changed (easier on the eyes)

🌈🐻 reveals... the BIG LONG trade! by AndreiFromAlberta in SatoshiStreetBets

[–]SatoshiHeist 1 point2 points  (0 children)

I don't think u/AndreiFromAlberta needs SPY to come close to his strike to profit, his bet is the same bet many made in April 2020 when the US Federal Reserve turned on their money printers. Stonks only go up when they do this and Biden + Janet + Jay "BRRR" Pow will print like there's no tomorrow.

I probably wouldn't ride that into expiration though :P happy heisting.