Search results

  1. D

    The Cryptocurrency Trading Journal

    https://www.cato.org/cato-journal/spring/summer-2021/ten-stablecoin-predictions-their-monetary-policy-implications#prediction-3 Here is another potential source of liquidity to crypto markets: stablecoins "European Central Bank staff issued a bulletin about this in May 2020, noting that...
  2. D

    The Cryptocurrency Trading Journal

    Fink and Blackrock seems to be leading the charge on ESG, thats all they talked about in their 2020 letters https://www.blackrock.com/corporate/investor-relations/larry-fink-ceo-letter Fink gave an interesting fact about ESG/sustainability: "The economy today remains highly dependent on fossil...
  3. D

    The Cryptocurrency Trading Journal

    With regards to this selloff, I'm curious @johnarb, how are Willy Woo predictions doing?
  4. D

    The Cryptocurrency Trading Journal

    That's where I disagree. When I started trading crypto in 2017 I tried to understand what kind of mindset was better fit to maximize gains in that market. I had already done a lot of soul searching with regards to stock and tech investing and why I had made mistakes in that arena that minimized...
  5. D

    The Cryptocurrency Trading Journal

    I mean corrections in the context of a bull market, that ones that reverse in 1-2 months. Obviously, bigger drawdowns have occured but those took years to reverse. I think its possible a 50% drop in the context of a bull market. Just because it didnt happen before, it doesnt mean it can't happen
  6. D

    The Cryptocurrency Trading Journal

    A quick run down in my BTC timing model I see: -Price action No parabolic move up that I'm looking for to sell into -Sentiment The indicators show greed has been cleared from the BTC markets -On-chain analytics They havent reached peak levels compared to previous cycles, they are sorta half...
  7. D

    The Cryptocurrency Trading Journal

    That seems normal historically I would be careful about using downward price movements as a signal for bearish behavior (selling). That is like using a stop loss which in a super volatile market that can lose 40% still in the context of a bull market, is a strategy that is likely to...
  8. D

    Omega-3 Fish Oil Supplements Linked With Heart Rhythm Disorder

    There are some issues with this study, namely that they found an association (correlation) but that doesnt prove causation. But also, they reported a Incidence rate ratio of 1.37. What this means was an increase of 37% in the incident (atrial fibrillation) vs the placebo groups. It sounds like a...
  9. D

    IB Digital Security Card+

    I wish they would enable Yubikey for 2FA, its a lot more convenient than this card
  10. D

    The Cryptocurrency Trading Journal

    https://www.elitetrader.com/et/threads/druckenmiller-vs-cramer.358718/ I like Druck but his description of his BTC trade is simply laughlable. He tried to buy $100M and failed, and settled just for $20M. then he trimmed too soon and now only has 1% of his assets there. The guy is a complete...
  11. D

    Interactive brokers offering Bitcoin Trading this Summer

    I'm not sure it will be much different from the current trade possibility of Canadian BTC ETF + CME BTC futures. IB will likely set the margin requirement for spot BTC at 100% and the short futures will have a varying margin requirement that tends to be raised at the worst moments. So the margin...
  12. D

    The Cryptocurrency Trading Journal

    I received a interest payment from my USDC position on TradeStation crypto. Any USDC deposited there earns 6% a year automatically. I thought there was no earning going on because the platform was not displaying interest being accrued but its just a bug and they pay the interest just fine...
  13. D

    The Cryptocurrency Trading Journal

    I guess this shows that once a scumbag, always a scumbag. I believe Tether (the company) pockets the interest earned by these assets so they have an incentive to reach for yield with OPM. 49% of the funds are in unspeficied commercial paper. Its the kind of thing that blows up during crises..
  14. D

    The Cryptocurrency Trading Journal

    https://www.coindesk.com/tether-first-reserve-composition-report-usdt Tether is a money market fund without access to the Fed's liquidity. One day it is likely to "break the buck"
  15. D

    Binance Probed by U.S. as Money-Laundering, Tax Sleuths Bore In

    Binance is the largest legalized crypto mixer there is. Hacked crypto can go there, be swaped for other coins and withdrawn to a different crypto with no KYC. Tor can be used to hide the IP. That seems unsustainable to me
  16. D

    The Cryptocurrency Trading Journal

    Of course, the real reason why crypto is selling off: I told a friend of mine and some relatives to buy BTC and ETH back in November and December of 2020. They did and didnt say much for quite some time, then in the last few days they finally decided to say something. My sister wanted to buy...
  17. D

    The Cryptocurrency Trading Journal

    Musk tanked BTC with his reversal. And it looks like he is correct https://www.vox.com/2019/6/18/18642645/bitcoin-energy-price-renewable-china https://www.cell.com/joule/fulltext/S2542-4351(19)30087-X?_returnURL=https://linkinghub.elsevier.com/retrieve/pii/S254243511930087X?showall=true Not...
  18. D

    The Cryptocurrency Trading Journal

    Yeah, nobody can know for sure what is going on, we can only speculate. My most likely scenario is they were advised by their custodians to split coins in many addresses because they were being tracked by the market and hence, they needed to increase privacy. But its also possible that the...
  19. D

    Global Macro Trading Journal

    Druck: USD will lose reserve status
  20. D

    The Cryptocurrency Trading Journal

    https://www.coindesk.com/bitcoin-whales-selling-pullback-risk BTC whales are selling, or they are using several addresses instead of putting it all in one address and losing privacy, or something else. This highlights some issues with on-chain data, the data says something but you cant be...
Back
Top