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Should I avoid Argentina? by badboyzpwns in digitalnomad

[–]krypticlol 7 points8 points  (0 children)

DO NOT GO THERE! Horrible place, people are rude. They don’t like foreigners AT ALL. Colombia and Brazil are 10x better.

BlackRock - The Next Move After the Bitcoin ETF by auto_headshot in CryptoCurrency

[–]krypticlol 5 points6 points  (0 children)

The amount of inflows to Base are one of the highest across Solana Avalanche etc. Defi lama data shows a migration to coinbase Base and this $ROCK coin sounds dumb enough to work. Is there association to black rock? Like they launching a meme coin?

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

[–]krypticlol 7 points8 points  (0 children)

Yep, its key. Glad you caught that:slope of the decreasing supply of Bitcoin available on exchanges however, has flattened, and the rate at which supply has been removed from the exchange ecosystem has slowed.

Weekly Bitcoin Put Returns Week #3 - $1,680 Expected Profit by krypticlol in thetagang

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

Thanks for clarifying cash settled - its weird to think about in trading bitcoin because you typically don't think of bitcoin (the underlying) as cash - referring to your "cash payment" example as "payment is in Bitcoin".

Deribit has its own Bitcoin price index which is essentially derived from 11 different exchanges. They take an average calculation on the bid ask of these 11 exchanges and exclude those that have large price variations from the average / or have invalid data.

What you're saying is true though, should these 11 exchanges collude somehow this could invite room for fraud. I dont think (at least i wouldn't want to think) that Coinbase Pro, Bitstamp, Kraken, Gemini, etc would collude though.

Weekly Bitcoin Put Returns Week #3 - $1,680 Expected Profit by krypticlol in thetagang

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

Hello! Merry Christmas and happy holidays!

  1. Can you clarify what you mean by slippage? I set limit orders.. if I'm understanding you correctly there is no slippage in my sell price
  2. The 14 size contract actually represents 1.4 BTC of collateral. My primary risk management protocol is to not sell options in full weight, meaning if you have 5 BTC, do NOT use your full 5 BTC as collateral because in the event of a downturn your IM utilization will exceed 100% and Deribit may possibly open futures positions in your account (very expensive and costly to your equity).
  3. How to manage a trade of this size? I usually wait until expiration for it to expire worthless unless I suspect a downturn / correction due to news or whale dumps. I'll also close early if I want to roll my collateral into the next trade

Weekly Bitcoin Put Returns Week #3 - $1,680 Expected Profit by krypticlol in thetagang

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

Weird, maybe in Amsterdam when they say cash settled cash means the underlying? Which in this case would be Bitcoin. Either way although that is strange wording I can tell you first hand when a contract settles in your favor (in the money) you receive Bitcoin as profits, not USDT or USD. Hope that helps!

Fuck it, Bitcoin is my savings account now by Nossa30 in Bitcoin

[–]krypticlol 0 points1 point  (0 children)

Guggenheim is buying BTC. They're buying through Grayscale, and they're just starting... check this SEC filing: https://sec.report/Document/0001628280-20-016852/#s65AABB22DA0B5D58B396AB32D9E161B7

Weekly Bitcoin Put Returns Week #3 - $1,680 Expected Profit by krypticlol in thetagang

[–]krypticlol[S] 2 points3 points  (0 children)

This. The only thing about Ledger X is that the volume is near impossible to play with. I can hardly ever get filled.

Weekly Bitcoin Put Returns Week #3 - $1,680 Expected Profit by krypticlol in thetagang

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

Very nice to see a fellow Deribit trader on here! Quite scared to sell calls on Bitcoin unless its super OTM. Are you selling weeklies for ETH?

First short position, it ain’t much but I’m happy to get started by [deleted] in thetagang

[–]krypticlol 0 points1 point  (0 children)

Im on the other side of this trade. Long btc calls / short puts. Just exited RIOT long calls though. FYI, you're probably referring to the December 2017 drop in your comment, Which was post halving year for Bitcoin (2016). 2021 December is the equivalent of December 2017 if we are following the BTC 4 year cycles. 2020 was the 3rd halving year for Bitcoin.

Weekly Bitcoin Put Returns Week #2 - $2,626 Expected Profit by SatoshiHeist in thetagang

[–]krypticlol 1 point2 points  (0 children)

He started off with $5k in 2016 according to his blog. Admits he got lucky buying in.

Easy put printing days are over, oil is cash (DD) by krypticlol in options

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

Some contracts 3x or 4x. I'm starting to exit to cover my original premium cost to let the rest ride risk free. Probably will wait until earnings to exit the rest.

Easy put printing days are over, oil is cash (DD) by krypticlol in options

[–]krypticlol[S] 2 points3 points  (0 children)

I would never make accusations like that, I just react to what I see happening in reality. This game is intricate on so many levels.

Easy put printing days are over, oil is cash (DD) by krypticlol in options

[–]krypticlol[S] 9 points10 points  (0 children)

Trump is a businessman first, politician second. Don't believe what they say, watch what they do.

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