/biz/ - Business & Finance

>>16057953
DR;NS

>>16017346

>>16005646
DR;NS

https://www.forbes.com/sites/ktorpey/2019/10/22/these-are-the-only-2-major-crypto-assets-outperforming-the-bitcoin-price-this-year/#23273cc96d27

>>15951296

Does law of diminishing returns kick in with this scenario?

>margin trading on Binance, with 3x Leverage, trading the LINK/BTC pair
>plan is to trade the pair and when I cash out, take profit which will be in BTC and dump it into LINK, increasing my LINK stack size
>buy in at 10,000 sats with 1 BTC, giving me 30k LINK position size
>since 3x leverage every 3333 sats gain on LINK/BTC price (3333 sats is 33% of initial deposit) nets me 1 BTC profit, equivalent to my initial deposit
>now theoretically, let's say LINK price goes to 0.01
>expected profit is 297 BTC, represented as (0.01 [current LINK price] - 0.0001 [initial buy in price]) / 0.00003333 = 297
> 297 BTC / 0.01 (LINK price) = 29,702 LINK

However, when I do the same for a LINK price of 0.1 using the same equation before, I only get a profit of 29,702 LINK. Despite the BTC profit at 0.1 per LINK being an expected 2,997 BTC.

This is because law of diminishing returns kicks in right? Because BTC is essentially becoming worth less and less over time compared to LINK, that it will result in a smaller amount of LINK being added to my stack once I cash out and dump my BTC profit into LINK. So two questions:

>Do I have this right?
>How to find the optimal profit target to ensure I get near maximum potential profit without having law of diminishing return kick in

>>15900916
Fuck you OP. If those fags can't handle the bants then they truly deserve to stay poor

>he starts getting weak hands when LINK has a normal retrace

Pic related, give it 4 - 7 days for an accumulation period and it will continue to go up. You'll know the accumulation period is starting to end when the volatility wanes and the daily SATs range gets more and more narrow. Literally go play vidya for the next week or so and don't even check Blockfolio/Tradingview. I'll be grinding on GTA, personally

>>15803425

would this work

>open binance margin account
>buy link on 3x margin
>triple the singularity glory

>open margin account on binance
>go 3x long on LINK from here

good idea? sounds like a great way to earn extra link

>>15656550
I don't give a fuck and I am not reading this shit. Wake me up when the fucking crypto markets aren't retarded anymore and properly value LINK

>fucking TRON is still ahead of LINK
>as well as other shitcoins

>>15624846

Just got a massive feeling of smug superiority. I think the timeline just switched anons. Any other anons feel that? I think we just crossed back into the $1000 EOY / Singularity Timeline.

Post your best LINK memes to usher in the new timeline accordingly

>>15577089
>plebbit spacing

GET THAT THROUGH YOUR HEAD PAJEET

>>15496070
>>15496098
>>15496139
>>15496631

>>15281244

>>15255147

>>15252492

>>15239834
Based and fucking redpilled. Shut the FUCK up OP

>>15212493