Baron's Crypto Trading Journal

Discussion in 'Journals' started by Baron, Oct 5, 2021.

  1. johnarb

    johnarb

    The friction costs to convert bitcoin to fiat is very low, I don't think much of it

    It's not like a gold bar or a gold coin or nvda shares...

    besides slippage/fees, there's also the time factor,

    btc to fiat in less than 30 minutes and 24/7/365

    Try that with any other asset
     
    #1401     Mar 12, 2024
  2. Freddy doesn't understand that Trading carries no emotion. We trade anything that moves within a market. Freddy the plate collector seems a very emotional character. And freddy would like to provoke emotions in other traders. Freddy is what you might call a bit of a drama queen. And freddy is hoping for spot light and emotional recognition here on a professional traders forum.

    You go freddy...strut your stuff mate
     
    #1402     Mar 12, 2024
    johnarb likes this.
  3. I noticed that Bitcoin is very popular in Poland. This is striking, because despite the sinking shit-hole Europe has been falling into... Poland is the only country there that manages to still have a growing standard of living, while everyone else is falling deeper and trapped in negative rates that they'll never dig out of.

    Of course, it helps that the Polish don't take illegals, protect their borders, insist on no illegals, don't throw away tax-payers money or give away 5-star hotels to illegals. Don't have any terrorist attacks, etc. etc. etc.

    But alas, even as the last hope of the Western world that has managed to hold onto an increasing standard of living and prosperity, Bitcoin is a big thing over in Poland despite it seems they don't need it.
     
    #1403     Mar 12, 2024
    semperfrosty likes this.
  4. Interesting.
     
    #1404     Mar 13, 2024
  5. VicBee

    VicBee

    You mean other than simply fiat?
     
    #1405     Mar 13, 2024
  6. johnarb

    johnarb

    Yes, of course, but if you want to put your savings into fiat, that's your choice and lose 50% purchasing power within 20 years (or within 10 years recent times)
     
    #1406     Mar 13, 2024
  7. Gosh, I have so much to learn from you.
     
    #1407     Mar 13, 2024
  8. ElCubano

    ElCubano

    ha-ha "Drama queen".. If the crown fits wear it. :p... Ommmmmmmmmmmmmm
     
    #1408     Mar 13, 2024
    johnarb likes this.
  9. On the plus side, crowns are made of gold, right?

    Whereas bitcoin?

    [​IMG]
     
    #1409     Mar 13, 2024
    semperfrosty likes this.
  10. You cant set him up like that Cubano! Hes quick on his feet! haha :D
     
    #1410     Mar 13, 2024
    Frederick Foresight likes this.