[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

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.

Posted using Partiko Android

Haha none, zero! BTC is useless...

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