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Bitcoin hits $12,000

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88 replies to this topic

#1
IAG

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New record. Congrats to all HODLERS!!!
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#2
Mother Teresa

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next hurdle

 

15000


Romans 3:23 : For all have sinned and fall short of the glory of God


#3
Dingo

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Go BTC go
Congrats all
Upgraded to Bat Shit Crazy

#4
IAG

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Some dude from the Motley Fool sent GBTC crashing talking about how the coming BTC futures market would hurt the fund. I knew it would happen too, but decided to watch it today, and didn’t have stop loss in place. Was planning to get out before the 10th...didn’t expect everyone jumping ship today. Got in at at $475 and more under $1000 so still made out ok...held 5 just in case, but damn.


I guess in the big picture not end of world, but was hoping not to have to pay tax on gains til next year.
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#5
IAG

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Of course GBTC now starts to rebound..was down about 25 percent earlier. ..hey Mike or anyone...how do you see the futures market affecting BTC? I keep reading how a bunch of big money will short it down to nothing, because they don’t actually have to buy the BTC. Is that really a likely scenario?

I want to be prepared....unlike this morning...Positive effect? Negative? None?
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#6
JTGAMBLE

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Follow your heart IAG.

#7
IAG

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Follow your heart IAG.


I’m conflicted.
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#8
Wade

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I guess in the big picture not end of world, but was hoping not to have to pay tax on gains til next year.

 

don't you mean pay extortion on gains?

 


please donate to the help wade get to maine foundation.  send bitcoin donations here: 1JzT3E1DRZKb1HVAbCTHRJcYLu4xp8ZZaL


#9
IAG

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don't you mean pay extortion on gains?
 


Yes. Fokkin Legion of Enforcers!! 4000 communist extortionist per one tax slave? I like your chances.


Transfer ur BTC from wallet to another and claim capital loss lolol.....Trevon James knows.
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#10
RealSlimShady

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Of course GBTC now starts to rebound..was down about 25 percent earlier. ..hey Mike or anyone...how do you see the futures market affecting BTC? I keep reading how a bunch of big money will short it down to nothing, because they don’t actually have to buy the BTC. Is that really a likely scenario?

I want to be prepared....unlike this morning...Positive effect? Negative? None?

 

Futures will not make BTC go down. It may reduce volatility as more participants enter, making it a more liquid market.

 

It will affect GBTC negatively. That trades at a premium now and as it gets easier to participate via futures, that premium will get smaller for sure. If you hold GBTC, you should replace that with futures when they come out, assuming there's still a premium in GBTC relative to its underlying value.



#11
MonkeyF0cker

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I just liquidated everything.  I'm all fiat right now.

 

I think we're going to get a sell off shortly.



#12
IAG

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Futures will not make BTC go down. It may reduce volatility as more participants enter, making it a more liquid market.
 
It will affect GBTC negatively. That trades at a premium now and as it gets easier to participate via futures, that premium will get smaller for sure. If you hold GBTC, you should replace that with futures when they come out, assuming there's still a premium in GBTC relative to its underlying value.


Thank you SS....makes me feel better.,.but why are so many saying (even BTC enthusiasts) that this will hurt BTC price? Some saying will drop to 4K short term? Am I just happening to hear all the doomsayers?
"One day you're the cock of the walk, the next you're a feather duster."<br><br>
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#13
JTGAMBLE

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SlimShady works for UBS.

#14
RealSlimShady

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Thank you SS....makes me feel better.,.but why are so many saying (even BTC enthusiasts) that this will hurt BTC price? Some saying will drop to 4K short term? Am I just happening to hear all the doomsayers?

 

They don't understand things. Do you know if they are listing futures only or options as well on the exchanges? 

GBTC will get hurt for sure as the premium it currently trades at will get sucked out due to futures being easily tradeable

SlimShady works for UBS.

:scratch

 

 

UBS or UPS??  :lol



#15
raiders72001

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Mariah Carey and others giving a 15% discount to those purchasing items with Monero XMR.



#16
IAG

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They don't understand things. Do you know if they are listing futures only or options as well on the exchanges? 
GBTC will get hurt for sure as the premium it currently trades at will get sucked out due to futures being easily tradeable

:scratch
 
 
UBS or UPS??  :lol


I’m not sure. I was thinking it was only futures, but when I quick googled to check looked like it might be both. I’ll look some more and get back to you.
"One day you're the cock of the walk, the next you're a feather duster."<br><br>
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#17
IAG

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Mariah Carey and others giving a 15% discount to those purchasing items with Monero XMR.


About the only top coin I don’t have....sold at $120ish...bought at 90..thought I was doing ok. Lol. ...not that I can imagine buying anything from Mariah Carey.
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#18
JTGAMBLE

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Where did you shop in Denver IAG?

#19
JTGAMBLE

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I like Park Meadows.

#20
IAG

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I’m not sure. I was thinking it was only futures, but when I quick googled to check looked like it might be both. I’ll look some more and get back to you.



Edit....appears options will be available
"One day you're the cock of the walk, the next you're a feather duster."<br><br>
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#21
IAG

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Where did you shop in Denver IAG?


Usually Aurora Mall if needed nothing special..it was closest....for Christmas shopping -Cherry Creek or Park Meadows.
"One day you're the cock of the walk, the next you're a feather duster."<br><br>
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#22
IAG

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I like Park Meadows.


I do too. Nice food court also.
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#23
RealSlimShady

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Edit....appears options will be available

 

BTC will stabilize and have less volatility for sure.

 

Would be interesting to see how expensive these options are. I would guess if BTC is 12000 now, the January 2019 12000 call that is little over a year out would be in the 3000-4000 range. 



#24
IAG

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BTC will stabilize and have less volatility for sure.
 
Would be interesting to see how expensive these options are. I would guess if BTC is 12000 now, the January 2019 12000 call that is little over a year out would be in the 3000-4000 range.


Damn. I like the volatility.

You are speaking Greek to me Slim! But futures start on the 10th so will know soon I guess.
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#25
IAG

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This is some funny stuff


"One day you're the cock of the walk, the next you're a feather duster."<br><br>
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