Just curious as to what your weekly charts are telling you today? Trend change or not?
I'm still staying on te sidelines to see what next week brings.
Baron's Crypto Trading Journal
- Thread starter Baron
- Start date
I'm still staying on te sidelines to see what next week brings.
That light is a train coming.Join us Mick! Theres room for you here.Just walk towards the light!
When did you sell those and how does one know that's accurate? Point being, there is no point in showing those purchase statements unless the entire record of the entire timespan between two dates is provided as well. For what its worth you could have sold a year later and bought some sun glasses with the proceeds. I hear they are very useful in Florida ;-)
And the above applies to everyone on this forum who makes claims about certain longterm investments. Let it suffice to say that this is just a chat forum and I am glad this thread was created, it attracts guys like @johnarb like flies to shit and his new thread creation ratio in the crypto section dropped to record lows, which I highly welcome. I was afraid at some point that you might soon ban all the other asset classes from ET ;-)
And the above applies to everyone on this forum who makes claims about certain longterm investments. Let it suffice to say that this is just a chat forum and I am glad this thread was created, it attracts guys like @johnarb like flies to shit and his new thread creation ratio in the crypto section dropped to record lows, which I highly welcome. I was afraid at some point that you might soon ban all the other asset classes from ET ;-)
Baron
ET Founder
I have stated in prior threads that I kept some BTC and I got rid of some along the way. In retrospect, I wish I would have held onto more, but nobody has a crystal ball with any of this, so I"m just reacting in hindsight to my own decisions that I thought were right in the moment, but maybe not so great in hindsight. Even looking back now, I think that the decisions that I made back then were pretty solid given the limited information I had at that time. But I mean yeah, if I would have had the computer science training of an engineer and the brain power or counsel of a Michael Saylor in those early days, I would have seen things more clearly and would probably have never sold a single Bitcoin. But I didn't have that level of insight given to me and nor did I have the personal awareness and conviction of my own at the time so yeah, I sold some in the early days that I now wish I still had hold of.
But the purpose of my screenshots from 2012 was just to emphasize that none of what we are experiencing right now is my first rodeo, and also to demonstrate that the first trade in this journal was not even remotely close to the first crypto transaction I have ever done. I have been through multiple seasons of winter with BTC, so none of the action of this past year freaks me out at all. And why is that? Because once you really grasp the fundamentals of Bitcoin slowly over time, you eventually realize that there's no asset, digital or otherwise, than even compares to it. And then you eventually understand that there are no all-time highs without lows that come afterward, so for an all-time high to happen, it must be followed shortly thereafter by lower prices, and those lower price levels could last quite a while.
Unless you are just a super aware, open, and discerning person, the enlightenment process of Bitcoin isn't just going to hit you out of nowhere. It takes a lot of study and contemplation to really understand the ethical creation and hard-coded economics of it... but once you eventually get to that place of acceptance and understanding of the superiority of Bitcoin as an investable asset, you'll never make the choice to go backward after that.
Isn't that what cult leaders also say? "once you realize you can make love to any girls in the clan you will never leave again and your eyes will be truly opened" ;-)
Just kidding, thanks for clarifying, your showing the buys makes more sense in the context you provided. It seems the btc enlightenment has not even started to occur to me yet. Good luck with your holdings.
Just kidding, thanks for clarifying, your showing the buys makes more sense in the context you provided. It seems the btc enlightenment has not even started to occur to me yet. Good luck with your holdings.
Baron
ET Founder
Thousands of people bought very early BTC. But almost none of them ever got rich from it. Baron showed copies from buying BTC, but to make money you have to sell them too. Remember : as long as you don't sell you have no loss. Same applies to when you want to make profit. So we need also the selling information before there is any profit. Baron acknowledged that he sold also which he now understandably regrets, so the buys at low prices in 2012 and 2013 maybe brought any (or very small) money at all. That reduces already hugely the quality of proof for the zero drawdown statement.
Baron is also very vague, so no transparency at all. When this journal started he did not say anything about previous years. He also wrote that he would start from zero again in his first post of the journal. Now he is changing the story completely. Suddenly it is not a start for zero, and suddenly there seems to be a long list of trades that where unknown, and from which only three buys are shown. That's a typical strategy to keep all opportunities open to change the story if you get caught.
At this moment Baron tells that he is buying since 2012 and he has no year that he did not buy. He is smart enough to give no complete and fully detailed list of all his buyings (and sellings) so that he has left lots of margin to fill up the missing gaps with info that at that moment is optimal. He can tell later he bought 2,000 BTC, or if necessary, he can say it was just 3 BTC. He can later tell that he sold everything at very high prices or he can say that he sold nothing up till today. All these things are essential to be able to proof your real returns. But they are all missing.
Baron avoids transparency as much as possible, yet requires fully detailed statements from me to prove my returns. To have any credibility he also has to show the complete list of all transactions, and all his wallets that are used for these transactions. Then we can only calculate correctly the final result.
But he only shows few emails (which can easily be manipulated or even fabricated from scratch) showing that he bought three times BTC. Maybe he sold them already all years ago. Like most people did in the beginning. What he showed is no proof that he never had a drawdown.
I can do like he does and show three statements with winning trades and then say: I have proven my 1,00% return. Because that's what he is insinuating with his three emails.
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I already said before that I will never share anything "valuable" anymore on ET. Because what I post is systematically reduced by trolls to something that has no value, that is not true or that is fake.
Some trolls even tell that everything what I post are just lies by definition. So why waste my time on people who don't appreciate what I post?
The two times I posted in this thread that BTC would go down, what exactly happened ,(the second time even within the next 24 hours) where reduced to pure luck. Normally they would say that it is fake, but because the statements were posted on ET they cannot use the fake argument. Some even denied that I posted the fact that BTC would go down.
So I am not interested in that kind of "discussion" that reduces anything I say to garbage without any fundamental proof tjat it is garbage.
I received in past several PM's and emails from people who stopped posting because of the troll behavior of some ET members. They had the same experience as I have and wanted to share that with me. So I join them now in their behavior.
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