The Cryptocurrency Trading Journal

[OneFive]

Coinbase bonds yielding 9.9% at .60 on the dollar. Maybe just distressed selling in an illiquid bond market but I think that might be a better bet than the equity.

https://markets.businessinsider.com...to-debt-russia-bonds-price-sink-yields-2022-5

 

[They]

https://blockworks.co/crypto-execs-at-coinbase-microstrategy-and-marathon-buy-the-dip/

 

[Daal]

Be dumb or a genius but the 100 IQs are the worst when it comes to crypto

 

[Daal]

Bought a bunch of ETH today here at 1250. Great entry point for BTC and ETH right now IMO

 

[Frederick Foresight]

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

When, exactly, did BTC crash to $30K last year? Looking at the 5-year chart on this page, I don't quite see it:

https://www.google.com/search?q=bit...i433j0i10l8.4904j1j4&sourceid=chrome&ie=UTF-8

 

[johnarb]

When, exactly, did BTC crash to $30K last year? Looking at the 5-year chart on this page, I don't quite see it:

https://www.google.com/search?q=bit...i433j0i10l8.4904j1j4&sourceid=chrome&ie=UTF-8

answered on a different thread

 

[Overnight]

When, exactly, did BTC crash to $30K last year? Looking at the 5-year chart on this page, I don't quite see it:

https://www.google.com/search?q=bit...i433j0i10l8.4904j1j4&sourceid=chrome&ie=UTF-8

Lol, it is on the very chart you provided! Stop looking at a 5 year chart for a move that happened a year ago! Granularity, man!

 

[Frederick Foresight]

Lol, it is on the very chart you provided! Stop looking at a 5 year chart for a move that happened a year ago! Granularity, man!

View attachment 288865

The 5-year chart I referred to shows weekly prices. The one-year chart , with daily prices, does not go back to the beginning of 2021. See for yourself. I don't know how you got your magic chart.

 

[sebking1986]

I'm eyeballing the $11.8k level on BTC as my possible low personally. At least on a daily chart it's the last decent gap in price to close.

 

[Overnight]

The 5-year chart I referred to shows weekly prices. The one-year chart , with daily prices, does not go back to the beginning of 2021. See for yourself. I don't know how you got your magic chart.

Because it is not an 18-month chart. It is a ONE YEAR chart. Going back exactly one calendar year from the current date it is generated, which was yesterday.