The Cryptocurrency Trading Journal

johnarb said:
To some degree, Bitcoin is a veblen good. I see it with my friends and family who finally bought btc albeit a fraction, when they could have bought many whole btc's many years ago

When btc crashed to $30K last year, my crypto-curious friends (with the s) and a family member would not buy even as I gave a long explanation that I was buying more to hodl for years like any investment

On the way up (last year), when btc was at ~$50K, at least 3 of them bought btc. Family member bought more than 1 btc to hodl for 5 years. These same people would not add during the dip to low to mid $30K, though
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One of the things about BTC is how agile and flexibility is has been in transitioning narratives, pretty resilient.
 
NoahA said:
I actually read the whole thread. Wondered why he is pumping doge so much, and then I saw his bio. Is it a joke or is he really a developer there? Sounds like he is shilling while explaining to watch out for shillers.
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I'm not sure but I think he is joking. In any event, Dogecoin is the same as Bitcoin but actually fun (instead of having tons of toxic people), dog people are usually fun to talk to, so its a fun store of value. I wouldnt underestimate it
 
Daal said:
I'm not sure but I think he is joking. In any event, Dogecoin is the same as Bitcoin but actually fun (instead of having tons of toxic people), dog people are usually fun to talk to, so its a fun store of value. I wouldnt underestimate it
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Doge is the same as Bitcoin??? Lol... I think you're joking now, right??
 
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No idea if this is true but fyi
I bought some $COIN (coinbase stock) at the open today. Looking cheap af
 
https://twitter.com/x/status/1525073515204038656

Classic

Nothing has changed. This feels like 1974 all over again. Back then Gold got crushed by 50%, so did equities. Bonds were collapsing (so interest rates were rising). Yet it was the best time to buy inflation hedges, gold did a 8x from there, art/collectibles and real estate did great. Markets are dumb. BTC, ETH, NFTs and Gold are inflation hedges, we are in an inflation period, people are just being stupid
 
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