BTCL
T-Rex 2X Long Bitcoin Daily Target ETF
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I’m “never” going to touch my actual Bitcoin again. I made my first purchase sending a money order to Coinbase when BTC was at about $350. Since then ive rode the wave of ups and downs with a trail of horrible decisions. All-in-all I’m up an incredible amount but I can only think about all the “what ifs” and times I got cute. Turns out, just buying and holding something you believe in works. My actual “investment” in bitcoin never gets touched but I still trade around the core position using leveraged holdings like BTCL with strict rules. The biggest being always having trailing stops.
BTCL is a 2x leveraged product. When I want direct exposure to BTC I just own BTC.
I have about 60% of my portfolio in BTC, BTCL, COIN. They didn’t start at 60%, they grew to it. At some point I’ll rebalance and I’ve had trailing stops set on BTCL and COIN but I don’t see any need to rebalance until those stops get hit. Wouldn’t suggest anyone else have this allocation but there’s not really anything anyone could say to me at this point to stray from the plan. I’d rather get off the bus 1 stop too late than 10 stops too early.
Puts on MSTR. bitcoin fund ETFs like grayscale BTC fund (BTC). leveraged BTC fund ETFs like T-Rex 2x Long bitcoin (BTCL). buying either shares or call options for inverse BTC ETFs like BTCZ. Other crypto exchanges have crypto futures trading.
I already had ETU and saw it -40% at market open. I double downed down and bought some BTCL to boot. My retirement account is about to go to 0 or moon
Condense your holdings by selling everything you don't care about and rotate that capital into assets that you actually want to hold. After that, buy bitcoin (BITB, FBTC, or IBIT) and maybe MicroStrategy. Then sell all your FXAIX and buy BTCL. Once bitcoin reaches around $175k next year, trade the BTCL for BITB or another bitcoin spot ETF. Bitcoin should be no less than 25% of your portfolio. Do what you want with your money, but embrace high volatility and ride the waves while you're young!
I bought a single QQQ $520p expiring tomorrow at the open today. Still holding. Will probably expire worthless. But if we have a big sell off tomorrow my $34 could become like $800. Other than that I’m holding a ton of BTCL and am in the red after today. Hoping BTC doesn’t keep shitting the bed tomorrow.
21% of my portfolio in BTCL. I’m up 9% so far, but that’s not enough to feel safe with a 2x leveraged position. Hoping for a leg up soon.
The volume on those BTC etf options is so small I think I looked at BTCL and the nearest strike had like one open contract. I feel like you won't be able to sell if it blows up.
I know. I’m holding BTCL — not MSTR
I bought a wee bit of KSS and KODK today. I like an underdog story. IOVA is almost back to my break even price after buying this dip. I’m slowly adding to my SPXS and SQQQ positions on market Green Days. I want to be at 30% of my portfolio in January. I’m still holding BTCL in hopes that we’ll break 100k and run up 30-40% before mid January.
BTCL is 2x bitcoin. It’s working well for me
I bought the dip today. BTCL and MSTU. Hoping for a nice bounce tomorrow
I just discovered SBIT and BTCL and I'm trying to decide which one to buy in my retirement account
Yea there’s leveraged BTC ETF like BTCL and also leveraged MSTR (MSTU/MSTX)
Buying SBIT or BTCL calls probably
BTCL is 2x leveraged spot instead of futures and its half my portfolio
Haven't we all. Meanwhile, options are available on BTC futures ETFs and even the new leveraged BTC ETF products, BTCL and BTCZ. It doesn't make a lot of sense that spot ETFs are the only ones stuck in limbo. Maybe with the new ETH ETFs launching it'll get some traction again .
Donnie gonna pump buttcorn - calls on $CLSK $BTCL $BITO
Buying BTCL and selling options against it
Have you taken a look at BTCL and BITX? … BTCL is 2x leveraged long on bitcoin etf … and BITX is 2x leveraged long on bitcoin futures etf. I know volatility is risky here, but may be good for the next 6 months. What do you think?
You might want to read the fine print. Like every other leveraged fund, those funds hold derivatives or swaps, not spot BTC. So you might as well just trade futures directly, instead of being two-fold removed from the action: options > ETF > futures. "The Fund will not invest directly in Bitcoin or directly short Bitcoin." https://www.cboe.com/us/equities/listings/listed_products/symbols/BTCL/