The Cryptocurrency Trading Journal

Daal said:
Here is a theory I have been flirting with: By looking at historical data, its ridiculously obvious that Bitcoin is one hell of a bet when its down 70-80%. With smarter institutions coming into the space, instead of idiotic retail investors, 80% bear markets might now be a thing of the past. Now the buy area will be 50-60% because hedge funds and asset managers will simply not allow the price to get that low (in other words, Bitcoin prices will become a bit more efficient). This goes along with the theory that Bitcoin will become less volatile over the years (and the data support that theory)
I think this will hold under most scenarios except if Bitcoin goes into such a huge speculative frenzy driven by regulated and unregulated leverage that a larger correction becomes inevitable
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If I can't get rich in few months by holding Bitcoin, why bother? And if all I earn is 5-10% for all the risk, why bother?
 
NoahA said:
If I can't get rich in few months by holding Bitcoin, why bother? And if all I earn is 5-10% for all the risk, why bother?
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I dont understand what you mean? Why you cant get rich in a few months holding Bitcoin? I was referring more about a big picture view on the next big drop of Bitcoin, which I dont think is now, more likely we have many months left in this cycle
 
Daal said:
I dont understand what you mean? Why you cant get rich in a few months holding Bitcoin? I was referring more about a big picture view on the next big drop of Bitcoin, which I dont think is now, more likely we have many months left in this cycle
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Meaning if volatility dies down and upside is constrained
 
NoahA said:
Meaning if volatility dies down and upside is constrained
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Yeah but the asset is more properly priced, given that Bitcoin is undervalue vs the global market of stores of value (which is like $20-$30T between gold, international investment real estate and art, etc), that means its price needs to rise a lot further
 
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NNT now taking comfort on the fact that a 97 year old man who never made real money on tech agrees with him. Taleb is a good at creating theories of things but terrible at actually making money from them
 
If crypto is the future, then computer security is also. Hacking will be a booming industry for years to come, especially as central bank digital currencies are rolled out. Its becoming more important than ever for people to secure their machines/devices and improve their security skills. Hardware wallets are nice but even them have lead to hacking and loss of funds


So with that in mind, I decided to switch from Windows 10 to Linux in my main machine. I still have W10 for special situations but my main device is now a Linux distro. It can be quite annoying sometime to deal with terminal commands but I'm getting a hang of it and lots of apps can be installed without those commands if you know how. I'm also finding its snappier and quicker than windows so I will also gain some productivity

That hacking above would quite unlikely to work on a Linux machine, its not unhackable by any means but it decreases the odds to a more manageable level that fits better with my vision of the future
 
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