Subnostr

Sometimes I feel like I'm the only one who's buying Bitcoin with Binance's money and doesn't get rekt. But I don't leverage. I don't short, I don't long, I don't do futures.

I just buy money with their fiat and eventually give that back to them and keep the difference in sats. Basically what Saylor does but in a much smaller scale.

Marcelinho 1y ago

binances money? 🤔

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Discussion

TheGrinder 1y ago

Yes. Margin-traders use their money too but they go leveraged 5-100x. Me, I have X amount of BTC on Binance (which is never sold into USD) and I borrow up to 2x my principle from them at any time. Hence, if I think I caught a good spot I'll buy BTC with their money. If BTC goes up the value of my principle increase and I buy more BTC with their money. Eventually we hit a top, I pay them back their fiat and keep the difference in BTC. Rinse and repeat.

It's very similar to what Saylor does but I've been doing this much longer and I do it on a smaller scale.

HoloKat 1y ago

Me dumb kat. Stoopid lines complicated. Timing hard. Me stack. Me happy.

Marcelinho 1y ago

that is what I do

receive paycheck, pay rent, buy food, stack sats, repeat