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A comment on Coinbase Pro Disables Margin Trading. Parent comment

Re:Coinbase Pro Disables Margin Trading by EGreg on Tuesday November 24, 2020 @08:41PM (#25205088)
I had Bitcoins in 2013 back when it was $50 and then lost them daytrading on margin at BitFinex. Would have 500x my money in several years.

Listen the rule is simple:

1. After a crash, buy BTC and just forget about it until some alert that BTC has exploded 5x or more

2. If BTC had a big run up, buy ETH instead

3. If ETH had a big run up, next buy XRP

4. If XRP had a big run up, then escape into tethers and wait for crash

Repeat :)

If you did this sequence the last few times then ONE bull run nets you 5 x 5 x 5 returns!

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Re:Coinbase Pro Disables Margin Trading by desdiv on Tuesday November 24, 2020 @10:24PM (#25205712)
To be fair, if you brought $50 Bitcoins in 2013, you would have 380x your money today by doing nothing.

I'm sure your trading strategy is sound, but it's still a lot of work over the years to get the 500x gain, vs the 380x gain from just doing nothing.

(This comment is in jest. I realize "500x" is a figure of speech and not meant as a literal claim of performance.)

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Re:Coinbase Pro Disables Margin Trading by capnorange on Wednesday November 25, 2020 @05:19AM (#25207691)
@inversebrah
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Re:Coinbase Pro Disables Margin Trading by possiblelion on Wednesday November 25, 2020 @05:56AM (#25207926)
hahah, was going to say the same thing.
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