The Cryptocurrency Trading Journal

johnarb said:
I sold at $42K when it was going down, per on-chain data

(Willy's email was at $44.x when email was sent that a tidal wave of bitcoins were moving to exchanges)

I bought on the way up and now have more bitcoins in the portfolio

We act on information as presented. It's how we benefit from it
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If my post was not clear enough, let me quantify it for others

I pay $50/month for my on-chain analytics subscription and another on-chain analytics subscription is free

On-chain analytics information has been the biggest factor in saving over $300K in lost profits and potential profits m2m versus not taking actions and riding the ups and downs recently

I look at other factors but on-chain analytics on bitcoin is the macro base-layer information

Equally as important is having a plan and not being frozen in fear and riding out over 60% drawdown in btc and other crypto holdings which have not recovered to their prior levels, yet

Peace of mind and confidence. Sleeping well at night and not being worried and ready to hodl for years if necessary

Enough confidence to join the "Fuck Elon movement" and retweeting tweets telling Elon to dump every single bitcoin he holds, and Tesla owns and SpaceX owns. We were prepared for bitcoin to go back to $10K and below

TL;DR below

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Other cryptos will outperform bitcoin in performance, most notable would be ethereum, but bitcoin (imo) is the leading indicator for all cryptos and is currently the reserve asset

Selling bitcoins at $42K and buying back more bitcoins at $30K and a couple more at $46K only paints part of the picture. Only 3 "pure" bitcoins were sold, the rest were synthetic bitcoins from other holdings

However, when a sell signal from the macro base-layer information (bitcoin) is acted upon to derisk a crypto portfolio, now we look at permutations of possibilities

From one base-layer information, actions are implemented to liquidating BNB at over $600, Cake at over $27 and a slew of other crypto holdings

This process of actions is repeated buying back in at the low applied to acquiring bitcoins starting at $29K and Cake at ~$12
 
BTC breakout, if this goes into a quick run to $80,000+, that will be the first time I will feel like taking some off the table. Not a huge amount but maybe 10-20%, for portfolio rebalancing and to be in a position of strength
 
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The carry on futures (paid to shorts) usually spikes on rallies as well. Great way to take off some deltas and get paid for it.
 
Magic said:
The carry on futures (paid to shorts) usually spikes on rallies as well. Great way to take off some deltas and get paid for it.
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Yes, I also mentioned this a while back. Taking a futures short and waiting for the spread to come in as a final bonus before exiting a partial on BTC/ETH. And the extra bonus is that during a flash crash you can make a bundle, specially if you leave GTC orders out at very low prices. I might do that depending on how big the futures premium is
There is so much alpha in crypto its insane
 
Just secured a number of super cool ENS domains in portuguese, including a cool slang for beer (Budweiser bought beer.eth for 30 ETH a while back), 2 ones that mean 'pussy' (which would be great for porn sites that get debanked), and few slangs for 'joint' (great for rich folks and influencers into that). If you speak 2 languages look around for some ENSs of your 2nd language.

I do think there is plenty of gains to be made in english ENSs, but I think the good ones are already claimed and need to be bought in the secondary market (usually for less than 1 ETH). ETH is super valuable in NFTs right now so I dont know that I want to do that

But when you claim a new one, it costs so little. I'm going to spend like 0.25 ETH in all my portuguese domains. Will probably have like 10-15 and if any of them sell one day I will make multiples of that. Worse case, they give great bragging rights and its way cooler to answer 'pussy.eth' when someone asks for your address
 
Skeptics will think this is just a silly actress chasing jpegs and another sign of a bubble. The truth is, Reese is the richest actress in the world and sold a good chunk of her production company to Blackstone. And she choose Blackstone for a reason, they are huge on ESG which she likes.

World of Women is the first ESG (with the emphasis on the S) PFP project on Ethereum.

NFTs are a bubble just like BTC was a bubble in 2017, there will be a big pop and then a huge crash, but in 3-5 years, people that are selective and have diamond hands will make a fortune. I buy stuff that if it drops 90%, I dont care and have no interest in selling
Jpegs are going to go a lot higher than people think. A lot of pfps that are bought are not coming back to the market. I doubt Reese is going to sell this stuff like ever. She is almost a billionaire, she doesnt give a fuck if her jpegs are worth a million one day (so its like owning a Picasso, its about the status, the social signaling)
A lot of Jpegs are going to become cultural icons, just watch
 
Daal said:
Skeptics will think this is just a silly actress chasing jpegs and another sign of a bubble. The truth is, Reese is the richest actress in the world and sold a good chunk of her production company to Blackstone. And she choose Blackstone for a reason, they are huge on ESG which she likes.

World of Women is the first ESG (with the emphasis on the S) PFP project on Ethereum.

NFTs are a bubble just like BTC was a bubble in 2017, there will be a big pop and then a huge crash, but in 3-5 years, people that are selective and have diamond hands will make a fortune. I buy stuff that if it drops 90%, I dont care and have no interest in selling
Jpegs are going to go a lot higher than people think. A lot of pfps that are bought are not coming back to the market. I doubt Reese is going to sell this stuff like ever. She is almost a billionaire, she doesnt give a fuck if her jpegs are worth a million one day (so its like owning a Picasso, its about the status, the social signaling)
A lot of Jpegs are going to become cultural icons, just watch
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Wow, and to think there are only 10,000.... I'm not sure if they can say unique in the same sentence as saying there are 10,000.
 
The DOGE NFT (DOG) starting to move up. If SHIB can flippen Dogecoin I say DOG can do it as well (I dont know when though). I think DOG is superior to both SHIB and Dogecoin in its economics and its feeling (really, its part of my thesis)
Its more legitimate as well, you actually own the original meme plus you get all the bragging rights associated with that
Never underestimate the power of memes
DOG market cap is still less than $300M, SHIB and DOGE are both over $30 BILLION
 
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