I am barely two weeks into trading crypto.  Most of it has been “paper trading.”  That is, speculative asset-picking with imaginary money.  I track values in spreadsheets, which I update more or less daily.

As an aside, I’ve been searching for an app that will maintain a portfolio (or multiple portfolios) for me and update the values constantly.  I’ve received several suggestions.

Here are a few observations:

Having immersed myself in this world, I often feel a bit “dirty.”  I’ve joined several Facebook groups.  Many of participants seem like immature kids, posting wild their wild speculation about where BTC or some other asset is heading today.

It’s a world as vast and multi-faceted as stock trading and real estate—two other areas that I’ve delved deeply in past years.  Which should not surprise me.

But I’m still shocked about the extent of contrast between the sophisticated players and the complete hackers.

Yesterday I saw a post by someone asking why one asset’s unit value was higher than another’s.  Apparently without knowing that their relative market capitalization (unit price times the number of outstanding units) was the important measure.

There is an endless parade of total newbies.  At the other end are some tremendously intelligent people.

As for feeling dirty. It’s just that so many participants seem like immature dreamers who will hang around long enough to lose their bankroll and then disappear. A part of me wants to check out and go take a shower.

As a means of memorializing my own activity, I’m making a note here.  Today I “friend requested” a guy name Jason Harrison.  He seems like a serious player with a lot of practical thoughts. About 15 minutes later he accepted my request.  Hoping he’s not a snake oil salesman.

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