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    The Cryptocurrency Trading Journal

    Lmao. Buy the rumor sell the news
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    The Cryptocurrency Trading Journal

    A great example was Ian Balina. He ran his $100K to $5M back in 2017/2018, and then he lost almost everything. His mindset had severe flaws, he was all about offense, no defense. You look at his crypto security and it was appaling, and it was a direct result of a pure offsense mindset. His...
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    The Cryptocurrency Trading Journal

    What is your definition of a crypto believer? From what I observe in this space, a believer is someone that can't fathom the possibility that buying and holding their coin not matter could be a bad decision. Usually it happens with Bitcoin and maxis but I have seen in just about any coin The...
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    The Cryptocurrency Trading Journal

    Brazil implemented a dacronian rule back in 2019 the required crypto investors to report trades and transactions above $7K USD if they were done outside a Brazilian crypto exchange https://www.coindesk.com/brazilian-tax-authorities-impose-new-requirements-on-crypto-trading I had to file that...
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    The Cryptocurrency Trading Journal

    I watched the video and I dont get it, so he thinks Bitcoin will win because he saw some things in distributed systems at morgan stanley? Anyways, the reason I bring up these debates is to clarify my own thinking, so I find it helpful
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    The Cryptocurrency Trading Journal

    a blockchain that wont change in order to survive = a database that will dissapear in a decade. Whats the point of an immutable ledger that could only be found on Bittorent and has had no transaction in years? Because if it dies, that's what will happen. Also, if its on Bittorent, its not...
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    The Cryptocurrency Trading Journal

    The hacker that exploited this overflow bug met all consensus rules, otherwise his transaction would have been rejected by the nodes. Yet Satoshi decided to censor and punish him by creating a new Bitcoin through a hard fork and everybody came with him (miners, nodes). The hacker was left alone...
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    The Cryptocurrency Trading Journal

    You might want to re-read Vitalik's post, he goes through this: "One common refrain in Bitcoin circles, and one that I completely agree with, is that blockchains like Bitcoin (or Ethereum) do NOT completely rely on an honest majority assumption. If there is a 51% attack on such a blockchain...
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    Banks hating on Crypto and Converting Fiat to Crypto

    TradeStation Crypto. Your bank wont raise an eyebrow given that the wires will be coming from a regulated stock exchange. At least they shouldn't
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    The Cryptocurrency Trading Journal

    Yes, ETH does have development risk, they have to deliver on their vision. But at least their vision is huge so there is risk but there is also return. But also, I dont doubt if there are problems, they will just hard fork and reverse the blockchain (or something equivalent of that). Yes, its a...
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    Thoughts on XRP?

    The problem with XRP is that it competes with BTC LN Network. BTC has already two companies with apps and transactions taking place, Bottlepay and Strike. People can send fiat by a instant conversion to BTC LN and then back to fiat. People can also withdraw cash in lots of BTC ATM's all over the...
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    The Cryptocurrency Trading Journal

    At the end of his great piece on Sharding, Vitalik described (without directly mentioning) the risks associated with Binance Smart Chain https://vitalik.ca/general/2021/04/07/sharding.html " Centralized infrastructure is more vulnerable to censorship imposed by external actors. The high...
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    Global Macro Trading Journal

    https://www.zerohedge.com/political/china-pollutes-more-us-and-all-developed-countries-combined-report China Pollutes More Than US And All Developed Countries Combined: Report This is perhaps why China is set to create more nuclear power plants in the coming years than any other nation...
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    Biden’s Vaccine IP Debacle

    https://www.wsj.com/articles/bidens-vaccine-ip-debacle-11620341686?mod=opinion_lead_pos1 " We’ve already criticized President Biden’s bewildering decision Wednesday to endorse a patent waiver for Covid vaccines and therapies. But upon more reflection this may be the single worst presidential...
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    Cumrocket

    "I hate cumrocket's success, real pornography is browsing a Vogue magazine with Sophia Loren on the cover, that's what I have been doing since 1955. I mean, I stopped in 1995 when I couldn't get up anymore but Pornhub? What in the world is that?"
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    The Cryptocurrency Trading Journal

    As far as the DOGE price goes, I think there is the trade coming which will be to short DOGE using Musk's SNL as a catalyst. Buy the rumor sell the news. I wont take the trade because shorting is stressful but if I was on top of my swing trading game, I would do it. I used to do this type of...
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    The Cryptocurrency Trading Journal

    DOGE is actually a great example of Vitalik's blockchain trilema. People complain about the slow block times in Bitcoin (10 minutes) but look at the mess that 1 minute blocktimes lead to on DOGE. People can't sync their DOGE nodes with the network because there is constantly new blocks being...
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    The Cryptocurrency Trading Journal

    Galaxy is also doing pretty good research, they put out a nice report explaning DOGE https://docsend.com/view/vutymtgqjf99yrpu
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    The Cryptocurrency Trading Journal

    April crypto returns
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    The Cryptocurrency Trading Journal

    They are going to be a one stop shop for institutions wanting to enter the cryto space, I'm no expert on institutional solutions in the digital space but I dont think there is anything like it right now. So, they will be like an Oasis in the desert
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