I'll have 50.00 dollars for you to experiment with Bitcoin investments on saturday Mark. Ever since I found out "Guns for Africa" was not a legit charity I've been wondering what to do with my monthly contribution.
Sent from my iPad On 2013-11-07, at 11:31, "Mark Jenkins" <[email protected]> wrote: > On 11/07/13 10:32, Rylaan Gimby wrote: >> Wait until after this peak, since historically it dropped quite a bit >> after the spike last time. Then speak with one of the bitcoin people at >> the space. > > There will be corrections no doubt, but with the market being more mature > then before who knows who how deep these will actually go and at what pace of > restoration (if any) thereafter. > > Naturally there will always be somebody with a good call in hindsight. > > The only call I'm making is to hold long term a consistent small amount I can > afford to lose relative for the risk, no panic buys, no panic sells. > > If anyone wants to call it and put some of their own money on the idea that > the market will correct below the current level, there are fancy short > instruments you can acquire. There's a BTC/USD contract for difference (CFD) > available at 1broker.com where they're currently offering a 0.54% *daily* > (not annual!) interest rate to folks going short to offset the folks going > long. (was 0.32% daily for most of the last week or two). They've got 1-5x > leverage if you're feeling extra bear. > > And, only a 1 bitcent (0.01) minimum there, e.g. around $3. That's a small > enough amount that at that level I'd be totally willing to open up a few > positions of that size for folks I know here at skullspace such as Rylaan and > Chris on credit (e.g, owe me CAD) if you guys want to back your calls with > with a few promised loonies. > > Perhaps an irony, but the reference currency for going in and out at that > site is bitcoin itself. :) So kind of funny for any going short, you bring a > tiny amount of bitcoin, go short, market crashes below where you entered, and > withdraw more bitcoin then you brought in worth more in USD then what you > brought in.... > > If you use 1x leverage (smallest), your position will automatically be worth > zero and automatically close if and when the market doubles from where you > started. At 2x leverage you're dead when the price goes up 50%, etc... > > And I mentioned that corrections happen fast. 1broker.com also has a > take-profit feature, so you can sleep at night knowing it will close out > where you want it to close out and hopefully catch the big crash. > > > Mark > _______________________________________________ > SkullSpace Discuss Mailing List > Help: http://www.skullspace.ca/wiki/index.php/Mailing_List#Discuss > Archive: https://groups.google.com/group/skullspace-discuss-archive/ _______________________________________________ SkullSpace Discuss Mailing List Help: http://www.skullspace.ca/wiki/index.php/Mailing_List#Discuss Archive: https://groups.google.com/group/skullspace-discuss-archive/
