Baron's Crypto Trading Journal

NoahA said:
When you look back 20 or 30 years, you see how much more equitable things were. Now people are just debt slaves, going from month to month simply to survive.
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I totally agree with how f*cked up everything is. But do you even know what the wealth gap between the haves and the have-nots these days? I don't either, but you and I both know it's getting wider by the day. So let me ask you, who owns most of the outstanding BTC: the rich or the the average Joe? What makes you think people like Cuban and Saylor will give up their wealth and power for the benefit of the ordinary folks like you or me?

NoahA said:
Agreed. But if we are truly going to do this metric justice, we have to consider how much wealth the Fed has plundered from everyone else through inflation (ie. not the top 10%).
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But just how much did BTC drop from its ATH to the low of last month? That's right, 77.57%. And you're complaining of less than 10% inflation with 77.57% wealth destruction? (!!!!!)

Some people lost their entire life's savings, their pension, their EVERYTHING to BTC!
 
schizo said:
I totally agree with how f*cked up everything is. But do you even know what the wealth gap between the haves and the have-nots these days? I don't either, but you and I both know it's getting wider by the day. So let me ask you, who owns most of the outstanding BTC: the rich or the the average Joe? What makes you think people like Cuban and Saylor will give up their wealth and power for the benefit of the ordinary folks like you or me?


But just how much did BTC drop from its ATH to the low of last month? That's right, 77.57%. And you're complaining of less than 10% inflation with 77.57% wealth destruction? (!!!!!)

Some people lost their entire life's savings, their pension, their EVERYTHING to BTC!
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I agree as well, but we can't focus on the past. A Bitcoin standard means a ton more equality going forward even if the distribution is unfair right now. I don't want the government in control of money printing any longer since all they do is fuck it up.

The 10 % inflation is one year. Add that up for decades... And what you get is government theft on the same order of this Bitcoin drop. I fully believe Bitcoin will rise again, but not so for fiat which is guaranteed to debase further.
 
virtusa said:
Yeah, he made massive profits and bought below $5. But he never told , neither proved that.

The 23 losing trades show how good he is in timing.
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I don't really think he is trading crypto though like the journal title says. This looks to be more of an investment akin to something that Jim Rogers would do. Mind you, Jim Rogers would be doing it with coffee or gold etc.
 
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