Baron's Crypto Trading Journal

deaddog said:
But don't you need some sort of fiat in order to value bitcoin?
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Yes, so maybe I shouldn't say that I expect a dollar to be worth absolutely nothing, but just that the value will very quickly drop in relation to all the hard assets, so that they do some sort of peg to protect the currency. I honestly really have no idea here, but when you look at debt outstanding, interest rates, expense of interest payments for the government, inflation, or even deflation, its not difficult to see that something big will break.
 
NoahA said:
Yes, so maybe I shouldn't say that I expect a dollar to be worth absolutely nothing, but just that the value will very quickly drop in relation to all the hard assets, so that they do some sort of peg to protect the currency. I honestly really have no idea here, but when you look at debt outstanding, interest rates, expense of interest payments for the government, inflation, or even deflation, its not difficult to see that something big will break.
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I know this doesn't apply to BTC but isn't proof of stake a debt mechanism.

If BTC becomes the currency of choice won't people be lending it out to earn interest? What ever currency governments use, they will have to borrow to fund spending on long term infrastructure.
 
deaddog said:
I know this doesn't apply to BTC but isn't proof of stake a debt mechanism.

If BTC becomes the currency of choice won't people be lending it out to earn interest? What ever currency governments use, they will have to borrow to fund spending on long term infrastructure.
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Is it so crazy to propose that the government can only spend what they collect? It gets tricky of course, and I'm no expert here, but unlimited borrowing is what got us into this mess so proposing borrowing again has to be done differently.
 
NoahA said:
Is it so crazy to propose that the government can only spend what they collect? It gets tricky of course, and I'm no expert here, but unlimited borrowing is what got us into this mess so proposing borrowing again has to be done differently.
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It's a little crazy to propose that. It's like buying a house. Major infrastructure projects couldn't be paid for out of revenue.
That's what I mean when I say that no one has really thought this thru. Try to imagine a world without credit and a limited amount of currency.
How about the retail consumer. Who is going to give her credit to buy a new car?
 
deaddog said:
It's a little crazy to propose that. It's like buying a house. Major infrastructure projects couldn't be paid for out of revenue.
That's what I mean when I say that no one has really thought this thru. Try to imagine a world without credit and a limited amount of currency.
How about the retail consumer. Who is going to give her credit to buy a new car?
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Sure, and if you read enough Bitcoin books, you learn about the history of money. I especially like the era of free banking, where a bank only loaned out money they took in. There was no fractional reserve banking, and you knew the bank manager and paying back your debt was a matter of pride.

The problem these days isn't the lending, its the leverage, its the lack of transparency, its the lack of a ceiling.
 
Pekelo said:
If I were a crypto investor, I would consider selling CCs on my position. The premium is very juicy, and in the next 4-6 months I don't see it going anywhere but sideways.

We are going to enter the historically bad mid-August to mid-October season when markets usually fall. A good little boy crypto is, it should follow the markets down.
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BTC at the time of the post: 22.5K (late July)

BTC today: 20.1K (early Oct)

3 months ATM premium for calls: 2.6K
 
NoahA said:
Sure, and if you read enough Bitcoin books, you learn about the history of money. I especially like the era of free banking, where a bank only loaned out money they took in. There was no fractional reserve banking, and you knew the bank manager and paying back your debt was a matter of pride.

The problem these days isn't the lending, its the leverage, its the lack of transparency, its the lack of a ceiling.
More...
+ 1

The Mystery of Banking by Murray Rothbard.
 
Is it a good idea to invest in crypto license in your opinion?
I am reading about it here at the moment https://rue.ee/ but still don't understand how much cash can you actually make per months? What does it take to make your trading website successful?
 
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