DCA into Bitcoin?
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Using KuCoin and futures trading. I already cashed out on my short positions and have now layered on multiple open purchase orders for ETH with 5-10x leverage. Starting at $1050 with 0.25 and doubling/tripling total holdings with every order at $75 increments below that. Total $ planned just over $25k, which will cover a drop to $300 max, but I can add additional cash to my margin to allow a further drop. Will it get there? Who knows, but if it does, I’m setup to have $25k invested with ~7.5x leverage and a DCA of ~$425. I’ll make 100% on my investment for every 13.33% ETH increases over that amount. $2.1M if I hit all targets and we get back to ATHs.
You have no idea…. Haha. I got liquidated on my largest short portion at 69,000… futures hit 69,017 and i couldn’t get additional capital Into my account in time. I had 95x leverage on it with $27,500. Essentially means every 1% drop I would have made 100% and would have been ~$2M as well. I’ve made my fair share on crypto already but nothing to stop me from taking good risk/reward investments.
Taking advantage of leverage means much higher returns, but also higher risk. If you manage it properly, you can reach the moon a lot more quickly. Unfortunately, my shot at early retirement came up just short, but should have another shot if we get another big drop. Take risks early in your careers as your income growth will make up for losses quickly.
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B(a)itcoin
Only if it’s <$100 for the equivalent IAD
If you want to keep losing money
Rising Star
Don’t buy bearish trends. Wait for a new bill market and don’t try to call a bottom.
If BTC actually goes to $100k or higher you can afford to be patient. But there’s also a real chance it get cut in half another time or two.
We’re not even close to the bottom. Cascade of liquidations are still going strong and it will only get worse. Pull your coins from exchanges, buy a cold wallet, and for the love of god; avoid leverage like the plague right now
All day long
Just purchased a ledger as well
This is the way!
Rising Star
Whatever you are comfortable gambling with. Assume a few years with zero or negative returns and set tiered targets to take profits
Yes. On Coinbase pro, Gemini, or binance. Don't get into any altcoins. Transfer your BTC out to a hard wallet.
Rising Star
No