Baron's Crypto Trading Journal
- Thread starter Baron
- Start date
What is your current position on average? Looks like you have about .6 to .7 BTC at an average price of...61Kish?
~$59,254.88
$59,543
Is BC a leading indicator for stocks
Based on this daily 6 month chart, BC is signaling well before stock movement
No ...... It's all one ecosystem moving in tandem. If the stock market goes down so will Bitcoin.
Baron
ET Founder
It's very reassuring to know that as we've been buying BTC since the beginning of October, Michael Saylor's company Microstrategy has been doing the exact same thing, only on a much larger scale. Even his average cost is almost identical to what we've done here. Wait, is he following my journal? 
"MicroStrategy, the analysis software maker led by crypto bull Michael Saylor, has snapped up more bitcoin as it holds to its promise to keep buying more of the leading digital currency.
The company bought 7,002 bitcoins at a cost of $414 million in its fourth quarter so far - between October 1 and November 29 - it said in a Securities and Exchange Commission filing Monday. That brings its total stockpile to 121,044 tokens.
It paid an average of $59,187 per bitcoin, during a period when the cryptocurrency rallied, then fell back. Bitcoin began surging in October, lifted by excitement around the SEC's approval of the first bitcoin futures ETFs. It hit a record high of $69,044 on November 10, but has retreated to trade at $56,959 on Monday, according to CoinGecko data.
Despite the cryptocurrency's price moves, MicroStrategy and its CEO Saylor have repeatedly vowed to keep building its bitcoin stockpile for years to come."
"MicroStrategy, the analysis software maker led by crypto bull Michael Saylor, has snapped up more bitcoin as it holds to its promise to keep buying more of the leading digital currency.
The company bought 7,002 bitcoins at a cost of $414 million in its fourth quarter so far - between October 1 and November 29 - it said in a Securities and Exchange Commission filing Monday. That brings its total stockpile to 121,044 tokens.
It paid an average of $59,187 per bitcoin, during a period when the cryptocurrency rallied, then fell back. Bitcoin began surging in October, lifted by excitement around the SEC's approval of the first bitcoin futures ETFs. It hit a record high of $69,044 on November 10, but has retreated to trade at $56,959 on Monday, according to CoinGecko data.
Despite the cryptocurrency's price moves, MicroStrategy and its CEO Saylor have repeatedly vowed to keep building its bitcoin stockpile for years to come."