Tuesday, January 23, 2018

Should I go back to Trading Options?

Someone asked me today if there were options on Bitcoins.
I did a little research and found that the new futures contracts on Bitcoins offer options as well. I'm  terrified of trading Bitcoins with futures since there is no end to how much you can lose; but options limit the downside risk to simply what you had to put up in the first place.
Of course, I would never write an option but I would only buy one. I like that because, maybe, I could put up a few hundred dollars and make thousands while only risking the few hundred.
I feel that Bitcoins can only go up now and I would only take the long positions.
I might be able to get my old account working in Preston so I might already have a place to trade. We'll see.
I made some progress towards getting my etchings on Ebay. I went to the Game Exchange today. Tim wasn't there because he's trying to help his wife with her cancer. I think they are at the Mayo Clinic in Rochester. He'll be back on Friday so I'll see him then.
Crypto currencies were fluctuating wildly, today. Overnight they went down by 20% or so. By the end of the day they made up their losses. I just have to hold on for dear life; or HODL as they say in the crypto world. Tonight they are down a bit. I've got to quit watching them so closely.
There was some snow this morning so I made a little money.
I'm watching the price of the dollar, lately. It plummeted today. It's been going down for at least a couple of weeks, now. I'll have to check the charts to see how long it's been going down. The symbol is DXY. I like the charts on CNBC.com.
I think I'll go back to watching my negative YouTube channels.
Later.

Friday, January 12, 2018

Listening to Helen

I'm at Java Johns listening to Helen Johnson sing some of her original songs.
The place is packed but mostly it's her family that's here. I enjoy her music.
Cryptos are up today. But I can't find out how I'm doing.
The Kraken exchange is down for maintenance and I was knocked out of Coinbase today by a power outage. I won't be able to get back on until tomorrow. I know I'm doing well but I don't know how well I'm doing on cryptos today.
I don't think my arbitrage idea will work. I'm having troubles getting on different exchanges and it seems that it takes too long to transfer funds into and out of exchanges. That's probably why most people aren't doing it.
I went to the hypnotist a couple of days ago. It seems that he is more focused on helping me find spiritual direction rather than helping me put myself back into 2010 to remember what I was doing with Bitcoin, then.
When I get my expensive coin sold in March I'll see about hiring a private investigator to help me find my Bitcoins.
Until then I'll just pray for snow and  rising Ethereum prices.
I told Brian about Steemit. It's a combination website and crypto currency. He can rant about Trump and get paid in crypto currency for it. He actually sounded interested. Of course, he's to lazy to do anything about it; but it's worth a try.
Back to listening to Helen.
Later