Baron's Crypto Trading Journal

The more I thought about this, the less it made sense, concerning crypto. By its history it makes a 70+% dump in every 2-3 years on average. So it makes way more sense to pay 40% taxes on your gains occasionally than letting it fall back by more than half. But what do I know, I am not a billionaire?

But Peter Thiel is and that is what he did. His fund cashed out by last March (see separate thread) after holding different cryptos for 8 years. Since he is still bullish on crypto, I assume he is buying now, when it is low...

Also, if you never plan to sell, what is the point of this journal???

 

Holding makes no sense because it has three big handicaps:

1. leverage
2. frequency
3. compounding

But 99% on ET seem not to understand that.

 

Pekelo and you should get a room already.

 

We would, but the room right now is occupied by Baron and John.

 

hahaha Touche'

 

bc you're full of sht?

Where?

https://bitcoin.org/bitcoin.pdf

 

Ol' Pek tends to not let the facts get in the way of a good story.haha

 

Really? A cultist is talking about facts? The only fact that matters in this journal is that Baron's DCAing is still down about 50%. Everything else is noise and entertainment.

 

At this moment -59.95% or 68,992.9 $.

 

Crypto Schadenfreude