You had about 120 BTC.. correct? At $65k, that is $7.8M. So yes, you've done better. But how many people would have been able to repeat this and put in all the work that you did? I know its all hindsight, but 99 out of 100 people would have been better off holding the bitcoin.
Tether did 5BB+ in profit in first half = Greatest biz in history
- Thread starter GlobalMacro90
- Start date
my mom told you this estimate?
Not the point.
I made the analog earlier in this thread. At peak I would have been up 165X my stake. Notional matters but I trade for a living. I am not a passive investor. He says he has
Yeah, when she achieved.
11 million (supposedly) didn’t seem to buy you any happiness
Aw, shucks. How mean.
This was prior to the liquidation. The pic was taken in an SF hotel lobby while I was on gotomeeting with my wife and posted to ET in real-time. Not even my best day for the month. My IBKR account number is shown.
The difference is that I have no problem producing my coinbase accounting with addresses that match an Explorer search. I've done it here on ET.
https://www.elitetrader.com/et/threads/dests-everything-journal.332136/page-11#post-4859112
155 max.
I don't either.
You asked about my stake and stated that I'd have done better holding. I wasn't (better off) but your statement is loaded and stupid beyond measure.
And you show us how you don't understand the market and it's mechanics.
If you'd been watching the yield curve, you'd know that to get ~5% on their money, they have to be invested in short term treasuries. That means they need to keep re-buying new treasuries. That means on the order of $100 billion in annual volume not just in static holdings.
Heck if they're holding 1 month bills that could be 1.2 trillion in annual volume.
About what? Them having an account? Bernie had accounts too.
The point of audits is to have someone who actually checks the balances.
As I've said, the AUM to employee ratio is a huge red flag. It does not make sense.