Baron's Crypto Trading Journal

[johnarb]

You're still having to convert to fiat to buy anything. It's not just the $20/hr burger flippers who contributes to inflation, it's also the over the top executive pay packages and the 2%/day BTC holders.

The friction costs to convert bitcoin to fiat is very low, I don't think much of it

It's not like a gold bar or a gold coin or nvda shares...

besides slippage/fees, there's also the time factor,

btc to fiat in less than 30 minutes and 24/7/365

Try that with any other asset

 

[Pricechange]

Yeah, I’m sure that’s it.

View attachment 335944

So to speak.

Freddy doesn't understand that Trading carries no emotion. We trade anything that moves within a market. Freddy the plate collector seems a very emotional character. And freddy would like to provoke emotions in other traders. Freddy is what you might call a bit of a drama queen. And freddy is hoping for spot light and emotional recognition here on a professional traders forum.

You go freddy...strut your stuff mate

 

[The_Krakenite]

I noticed that Bitcoin is very popular in Poland. This is striking, because despite the sinking shit-hole Europe has been falling into... Poland is the only country there that manages to still have a growing standard of living, while everyone else is falling deeper and trapped in negative rates that they'll never dig out of.

Of course, it helps that the Polish don't take illegals, protect their borders, insist on no illegals, don't throw away tax-payers money or give away 5-star hotels to illegals. Don't have any terrorist attacks, etc. etc. etc.

But alas, even as the last hope of the Western world that has managed to hold onto an increasing standard of living and prosperity, Bitcoin is a big thing over in Poland despite it seems they don't need it.

 

[semperfrosty]

I noticed that Bitcoin is very popular in Poland. This is striking, because despite the sinking shit-hole Europe has been falling into... Poland is the only country there that manages to still have a growing standard of living, while everyone else is falling deeper and trapped in negative rates that they'll never dig out of.

Of course, it helps that the Polish don't take illegals, protect their borders, insist on no illegals, don't throw away tax-payers money or give away 5-star hotels to illegals. Don't have any terrorist attacks, etc. etc. etc.

But alas, even as the last hope of the Western world that has managed to hold onto an increasing standard of living and prosperity, Bitcoin is a big thing over in Poland despite it seems they don't need it.

Interesting.

 

[VicBee]

The friction costs to convert bitcoin to fiat is very low, I don't think much of it

It's not like a gold bar or a gold coin or nvda shares...

besides slippage/fees, there's also the time factor,

btc to fiat in less than 30 minutes and 24/7/365

Try that with any other asset

You mean other than simply fiat?

 

[johnarb]

You mean other than simply fiat?

Yes, of course, but if you want to put your savings into fiat, that's your choice and lose 50% purchasing power within 20 years (or within 10 years recent times)

 

[Frederick Foresight]

Freddy doesn't understand that Trading carries no emotion. We trade anything that moves within a market. Freddy the plate collector seems a very emotional character. And freddy would like to provoke emotions in other traders. Freddy is what you might call a bit of a drama queen. And freddy is hoping for spot light and emotional recognition here on a professional traders forum.

You go freddy...strut your stuff mate

Gosh, I have so much to learn from you.

 

[ElCubano]

Gosh, I have so much to learn from you.

ha-ha "Drama queen".. If the crown fits wear it. ... Ommmmmmmmmmmmmm

 

[Frederick Foresight]

ha-ha "Drama queen".. If the crown fits wear it. ... Ommmmmmmmmmmmmm

On the plus side, crowns are made of gold, right?

Whereas bitcoin?

 

[semperfrosty]

On the plus side, crowns are made of gold, right?

Whereas bitcoin?

You cant set him up like that Cubano! Hes quick on his feet! haha