Baron's Crypto Trading Journal

[Pekelo]

1. The exit strategy is never to sell it. As long as it remains an asset that you can borrow against, there's really no reason to sell. It would be way more sensible to borrow against it for your cash needs and pay the 6% interest that would be to sell it and pay 40% in taxes.

The more I thought about this, the less it made sense, concerning crypto. By its history it makes a 70+% dump in every 2-3 years on average. So it makes way more sense to pay 40% taxes on your gains occasionally than letting it fall back by more than half. But what do I know, I am not a billionaire?

But Peter Thiel is and that is what he did. His fund cashed out by last March (see separate thread) after holding different cryptos for 8 years. Since he is still bullish on crypto, I assume he is buying now, when it is low...

Also, if you never plan to sell, what is the point of this journal???

 

[virtusa]

Holding makes no sense because it has three big handicaps:

1. leverage
2. frequency
3. compounding

But 99% on ET seem not to understand that.

 

[ElCubano]

Holding makes no sense because it has three big handicaps:

1. leverage
2. frequency
3. compounding

But 99% on ET seem not to understand that.

Pekelo and you should get a room already.

 

[Pekelo]

Pekelo and you should get a room already.

We would, but the room right now is occupied by Baron and John.

 

[ElCubano]

We would, but the room right now is occupied by Baron and John.

hahaha Touche'

 

[destriero]

Nobody dared to answer my hypothetical about choosing between Bitcoin being actually what it was intended, a low inflation, low volatility, stable currency OR a gazillion making high profit investment vehicle. I wonder, why?

bc you're full of sht?

Where?

https://bitcoin.org/bitcoin.pdf

 

[semperfrosty]

bc you're full of sht?

Where?

https://bitcoin.org/bitcoin.pdf

Ol' Pek tends to not let the facts get in the way of a good story.haha

 

[Pekelo]

Ol' Pek tends to not let the facts

Really? A cultist is talking about facts? The only fact that matters in this journal is that Baron's DCAing is still down about 50%. Everything else is noise and entertainment.

 

[virtusa]

The only fact that matters in this journal is that Baron's DCAing is still down about 50%. Everything else is noise and entertainment.

At this moment -59.95% or 68,992.9 $.

 

[Buy1Sell2]

At this moment -59.95% or 68,992.9 $.

Crypto Schadenfreude