I’ve been trading for exactly one month. My first trade was Jan 15. Today is Feb 14. Thirty full days have passed. My result is a very small increase in account value. After various appropriate adjustments, the account value is $208. At the start it was $200. One over-arching theme is this, regarding asset values …
There are many crypto millionaires – although there are far more fakers, posers, and pretenders who claim to be rich. The latter group is of no interest at the moment. My question is, how did the successful ones get that way? One path was through buying the multi-baggers. The coins that increased by 10, 20, …
My portfolio today is worth $225. That’s after having deposited a total of $210 into the account starting three weeks ago. I say “starting” because the first deposit was $10. Another $200 went in a week later. So it’s been “fully funded” for two weeks. Some further accounting: Each of the two transfers incurred a …
Among my various watchlists is one I call Top Gainers. Every day, more or less, I add one or two of the highest-gaining assets over the last 24 hours. A week ago today, I added one called Oxycoin, or XCN. It is an “infrastructure for a multi-asset, shared, and cryptographically secure ledger.” A week ago, …
Crypto Blog #7 – This Could Be the Start of Something Big Read More »
A quick observation before my hourglass runs out of sand. For about three weeks now, on spreadsheet, I have maintained my own ever-expanding record of assets. The spreadsheet has a few worksheets, each with its own criteria for including and adding assets. For example, one worksheet lists the biggest gainers or the day. Another lists …
Crypto Blog #6 – The Biggest Loser? They’re Almost All Losers Read More »
In this very early phase of my crypto journey, I’ve got to address the subject of meme coins. Near as I can tell, meme coins are “assets” created purely for the purpose of trading. They have no “utility” on the block chain. They don’t facilitate commerce in any industry. There is no hope that they …
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 …
I wasn’t involved in digital currencies four years ago. Or for that matter, even four weeks ago. But I can read charts, and having viewed a few, I see this: A lot of assets came onto the scene more or less in the year 2021. I was paying so little attention that I don’t know: …
Meanwhile, Bitcoin has big advantages over conventional money. One is anonymity. Transactions are recorded in something called a block chain. Which is a public ledger showing every Bitcoin transfer ever transacted, going back to its launch in 2008. Buyers and sellers are identified only by a public “key,” which is an outwardly meaningless string of …
Among the first mysteries is, why do these assets have any value? Bitcoin currently has a market capitalization of nearly 2 trillion dollars. (That’s the product of multiplying the number of outstanding coins by their value per coin, which is currently around $100,000.) It’s more than the market cap of Tesla stock but less than …
