Baron's Crypto Trading Journal

[Overnight]

...this will be the time when we start turning our attention to some of the other opportunities in the crypto space while nobody is looking.

So you meany in like doggys?

I've heard this song before. If it can get traction, this thing will be +1 buck in a short amount of time.

Doggies, man.

 

[Baron]

So you meany in like doggys?

No. Coins like that are just stupid. The economics make no sense (constantly expanding supply) so it's literally like putting your money into a depreciating asset and then hoping enough idiots buy in over the short term to offset the depreciation and turn it into something profitable for a very brief time. If you want to keep your money in something that's losing value month-to-month, all you have to do is hold it in USD.

 

[Overnight]

...The economics make no sense (constantly expanding supply) so it's literally like putting your money into a depreciating asset...

Ahh, I did not know that about doggy. Clearly I am super fuckoff know-nothing about the crypto space. No wonder, it is crammed full of CME futures shit. There's no more room for crypto knowledge, and DEFINITELY no room for options, because those guys are just NUTS!

 

[OptionsOptionsOptions]

IMO

• If TSLA reports good earnings on Wednesday I think that will also be bullish for BTC.
• Due to Elon Musk's interest in BTC - investors will follow Musk.

 

[Overnight]

IMO

• If TSLA reports good earnings on Wednesday I think that will also be bullish for BTC.
• Due to Elon Musk's interest in BTC - investors will follow Musk.

Indeed. What is he going to tweet next, to move that particular market? Like...On his next tweet he posts nothing but a cob of corn, watch XC go through the roof for a day.

 

[Pekelo]

No. Coins like that are just stupid. The economics make no sense (constantly expanding supply) so it's literally like putting your money into a depreciating asset

We are talking about Bitcoin, right? (and pretty much most cryptos)

Fun fact: Bitcoin has a constantly expanding supply until way after we all be dead.

For the record, I sold CSPs on HUT for 6% monthly return.

 

[hilmy83]

We are talking about Bitcoin, right? (and pretty much most cryptos)

Fun fact: Bitcoin has a constantly expanding supply until way after we all be dead.

For the record, I sold CSPs on HUT for 6% monthly return.

what you mean by "bitcoin has a constantly expanding supply??"

 

[Pekelo]

what you mean by "bitcoin has a constantly expanding supply??"

"144 blocks per day are mined on average, and there are 6.25 bitcoins per block. 144 x 6.25 is 900, so that's the average amount of new bitcoins mined per day."

 

[hilmy83]

"144 blocks per day are mined on average, and there are 6.25 bitcoins per block. 144 x 6.25 is 900, so that's the average amount of new bitcoins mined per day."

logarithmic expansion

 

[VicBee]