Baron's Crypto Trading Journal

Cool @Baron

I just had a flashback. I started as a NASDAQ day trader, back in 1998. By 1999, I was living on Mulberry St., between Bleecker & Houston, in this super decked out apartment. Happy times. All I knew is that I was trading 4 letter symbols, on the keyboard, L2, and things were great. I was young, and stupid...

During 1999, a billboard came up on my street. And then it HIT ME. Ideas had become tangible reality. I will never forget that moment. There it was, the SIGN.

42C2D6E3-3DF7-44D6-9AFD-8E1FDC7A1644.jpeg


PS. I was just messaging my old college friend. His company:
https://www.ledgerx.com/
was just acquired by FTX. Small world...
 
I had some issues with FTX clearing my latest ACH deposit this week, but it looks like they got it sorted out today so I will be buying another $5k of BTC this afternoon.
 
Hey ok I'll trade btc too via new ProShares BITO etf coming next week...if liquidity and range are decent.

https://www.cnbc.com/2021/10/15/the...the-us-is-set-to-begin-trading-next-week.html

I like ETFs because no major gaps, usually.... though this may be different. I'll daytrade vs swing at first. Hey bitcoin traders, which is usually bigger range -- intraday or overnight gaps?

Good to hear Baron re your trading, btc seems to have lots of momentum lately.
 
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I swing trade GBTC and ETHE quite a bit but this new ProShares ETF should be interesting. My guess is volume develop pretty quickly. Knowing ProShares, an inverse one is probably not far behind. Next question, will there eventually be options on the ETF?


KCalhoun said:
Hey ok I'll trade btc too via new ProShares BITO etf coming next week...if liquidity and range are decent.

https://www.cnbc.com/2021/10/15/the...the-us-is-set-to-begin-trading-next-week.html

I like ETFs because no major gaps, usually.... though this may be different. I'll daytrade vs swing at first. Hey bitcoin traders, which is usually bigger range -- intraday or overnight gaps?

Good to hear Baron re your trading, btc seems to have lots of momentum lately.
More...
 
Baron said:
Funding my FTX account is a perfect example of this. If I had $25k in various cryptos sitting in a wallet, I could transfer them into my FTX account and the whole thing would be done in less than 30 minutes, and I could do it on any day and at any time of the day. But because I'm trying to transfer USD in the account from a bank account using ACH, it takes 5 business days and I can only send $5k at a time per transfer. So you can see just from that one example how transferring value in the crypto space is way faster, more efficient, and a lot more convenient than using the legacy banking system. And that's just one tiny example from a million to choose from.
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That's mostly a problem outside of Europe and how the system has been stuck in the past. I have free instant (>30 sec) transfers anywhere in Europe up to €100k. The wire/ACH system is definitely stuck in mid 1900s.
 
formikatrading said:
I swing trade GBTC and ETHE quite a bit but this new ProShares ETF should be interesting. My guess is volume develop pretty quickly. Knowing ProShares, an inverse one is probably not far behind. Next question, will there eventually be options on the ETF?
More...

If options ever materialize they will be game changer for people who want to bet and be able to collect for sure.
 
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