Baron's Crypto Trading Journal

Baron said:
The total portfolio investment was $115,078.71 and the value as of today is $117,715.00, so we are back in the green.



Your memory is correct. When I started the journal, I wanted it to be from scratch so I started with zero positions, and every position I've taken on was announced in advance for complete transparency. Virtusa and some other hecklers were giving me shit about everything I was saying and doing, so I indicated that this is not my first rodeo with Bitcoin, which they didn't believe of course, so I provided proof of BTC purchases going back over ten years ago. But obviously that doesn't really have anything to do with this journal's performance.
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Congrats Baron. It's been a long dip but the future's looking far brighter. Virtusa can be a real prick, but I believe he means well.
I've stopped believing in crypto after realizing where its political roots are. Techies are often hard to digest, but libertarian techies are definitely not my cup of tea.
So I'm now only in it for the speculative jump. My BTC and ETH individually represent bigger investments than the others combined, so I don't worry at all about the high double digit negatives. I'm aiming for at least 100% return on the portfolio sooner than later. My wife wants to put a down payment on a Sydney North shore apartment, but their price increase faster than crypto... :rolleyes:
 
Baron said:
The total portfolio investment was $115,078.71 and the value as of today is $117,715.00, so we are back in the green.



Your memory is correct. When I started the journal, I wanted it to be from scratch so I started with zero positions, and every position I've taken on was announced in advance for complete transparency. Virtusa and some other hecklers were giving me shit about everything I was saying and doing, so I indicated that this is not my first rodeo with Bitcoin, which they didn't believe of course, so I provided proof of BTC purchases going back over ten years ago. But obviously that doesn't really have anything to do with this journal's performance.
More...

Thanks mate.I remember now.

You were copping some flak about being down and your overall investment in crypto and you expanded the story for them to include earlier investments outside the journal.

Great to see the journal portfolio turn green and hats off for not divesting when it was tough.:thumbsup:
 
Baron said:
Your memory is incorrect, but you're getting old so an occasional memory slip is to be expected. :D
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I'll give you that witty jab for free, you bastud. I am darn sure when you mentioned your AWP of your BTC holdings, it was not higher than 30K.
 
I posted this in another thread, but I want to post it again here as a reminder.

Roughly every four years, Bitcoin goes through a "halving" which means that the current rate of new supply generated by Miners gets cut in half. In other words, Miners have to do the same amount of work they've always done but the number of BTC they get as a reward gets cut in half, reducing the number of new BTC that can be generated in the future by 50% of what it was before the halving.

If history repeats itself, the halving coming up in April means significantly higher prices will be coming after that. Every time a halving has occurred, a bull run followed:

Screenshot 2024-03-03 at 2.36.26 PM.png
 
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