[Lets Chat] You can buy BTC now at 1/2 price - How Many Would You Buy?

in #busy6 years ago

To make this more precise:

If you could buy any amount of BTC right now from 0.001 up to 200 BTC at 50% of current price - what % of your cryptos would you spend?

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So to be clear, BTC today is at 7600, you can buy at 3800.

Okay but before you reply theres a catch:

  • you can sell those BTC for next 2 weeks but only on same price or lower (and you have no control where its gonna go)
  • after 2 weeks you may lose from 0% up to 100% of the BTCs.
  • the chances of winning (keeping cheap BTC) or losing (losing from 1% to 100%) are not 50/50 like in hi low. You cannot predict the risk but in high/low game it either win or lose, while here you can lose just portion.

To make sure we understand each other.

You can buy right now 1 BTC for 3800 USD and in 2 weeks have from 100% of them up to 0% with all other numbers possible. So for example in 2 weeks instead of 1 BTC you may have 0,5 BTC which, since you bought at 50% still makes money. But you can also have 0.

So now - what % of your crypto would you risk in such situation (if any).

Where do i trade BTC mostly?

  • Binance - the obvious top vol exchange, has STEEM
  • BiBox - amazing China exchange, just got to top10 exchanges, i would hop on it if you havent
  • KuCoin - many NEO and ETH pairs
  • Lbank - new chinese exchange that already makes sick volumes
  • CoinExchange - many ETH tokens and anon coins like ZEC XZC EXCL
  • COSS - many deals on ETH tokens for arbitrages
  • Cryptopia - some decent coins that others dont have and nice volumes
  • OpenLedger - decentralized exchange build on BTS, the older brother of STEEM

My Official Discord Crypto/Steemit Group - https://discord.gg/HbnZsNw

Follow, Resteem and VOTE UP @kingscrown creator of http://fuk.io blog for 0day cryptocurrency news and tips!

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i would risk 0.01 BTC... its a lot for me as i mostly use STEEM/USD

I would not take this deal.

Appreciate it

i would risk 5% i think

Great thinking sir

if you say its worth it i would risk 50% :)

Huge one man... Best of luck

How can you lose all purchased BTCs?
BTC is going to zero?

they can be on exchange or a contract ;)

se debe tener una buena estrategia para esto, por que una ves perdido ya no hay vuelta atrás, arriesgaría 0.01 BTC.

i would sell 1% of my socks to take the risk

how many % of your socks do you loose in the dryer?

So essentially this would be like a guess with an equal chance of profit or loss.....
Personally I can't really buy anything since most of my money is already locked up in other cryptos and I don't want to sell before my target prices.

not exactly equal as if you lose 50% you are on 0 (you bought at 50% discount). so from 51% to 100% you are on real loss (small or big)

I didn't get it actually. What's the odds? What and how much can I win?

thats the catch, theres no odds. you can win/loose 1-100% and theres no way to predict it.

Even though I am not a gambler. :) , I would rather take such risks in Las Vegas or Monte Carlo.

I would buy with 1 month worth of my salary and hold it, since I can forget about it and won't be dependent on it, if it drops further. :)

so you would go for this if thats real ? :)

I would. I joined crypto when BTC was at 14k. I bought more when it was back at 10k. I bought when it was at 6k and my next buy will be around 4k if it will drop around that. I still believe that crypto in general is still in its infancy and we are still early adopters to something big in the future.

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