Baron's Crypto Trading Journal

Let us know what you see. I've looked and I can see the trading opportunities but as far as an investment I see make believe money funded by make believe money. Not unlike the FED who can create money out of nothing. All you gotta do is make sure the greater fool has some cash left to take it off your hands.

If I'm wrong I don't think I'll be that bad off, I just won't be among the super rich. Like I said there is a trading opportunity.

 

Just got off the phone with PayPal, you can apparently buy/sell just a couple cryptos in personal acct, I may try that. Would start small <1k then scale up. If I get serious I'll open account at coinbase or tasty or...? Agree re not investment worthy, but it's volatile, good for swings.

Barron's motivated me to test the water, I'll start my own journal thread ok back on topic....

 

I got short Bitcoin in futures early November, there are options. If there is bottoming chart patterns will hedge open profits, otherwise looking for approx 17,500 for reversal. Am always early, so ..

 

Is there a 3x Bull or Inverse 3x BITO? That’s up Ken’s ally!

 

As a fresh update to your journal, what is your new average BTC holdings price, now that you have been averaging down for a while?

I am going to reckon' it's an average long at a price point of $44k?

 

IMO ...... Next BTC purchase should be at, or above the average price. No more averaging down.

 

Averaging down?? What??

 

*sighs*, fine, fine, DCA! You know what I mean, mr. funny bits.